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2024-07-24 10:15:00
Redeye updates its estimates and valuation following Mentice’s Q2 2024 report. Both top-line and margins considerably beat our expectations, leading to a balanced H1 2024 after soft Q1 figures. We judge Mentice will see a more normal seasonality this year versus 2023, i.e., H2 sales and order intake should exceed H1. We nudge up our estimates and valuation.
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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/