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Redeye updates its estimates ahead of Arise’s Q2 report (due 18 July) following the release of Arise’s Q2 production figure, which was lower than expected due to weaker wind conditions than normal. It should, however, be compensated by attractive price hedges and relatively low price volatility in the electricity spot market during Q2. As such, we leave our sales and EBITDA estimates largely intact, which should lay the groundwork for 57% y-o-y EBITDA growth.
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