Actic's Q3 looks good. Sales came in 3% higher than SEBe, with solid profitability. EBIT came in 18% higher than SEBe at SEK 31m (SEBe at 26m), up 20% y/y. Beat on top line seems driven by better ARPM than we anticipated, growing 6% y/y and 5% ahead of SEBe, while average number of members missed by 2%. Overall solid execution, positive outlook. Today's results imply +4% mechanical revisions to consensus.
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