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2024-05-06 08:11:00
Redeye updates its estimates and valuation following Mentice’s Q1 2024 report. Both top-line and profitability figures came in far below our estimates. However, we judge that investors should not extrapolate the quarter into the future, given the substantial q/q volatility of Mentice’s net sales and order intake. We lower our estimates and valuation.
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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/