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SENASTE
Tobii delivered weaker-than-expected Q1 results driven by weaker top line. As we see it, this is attributable to 1) Products & Solutions (the largest segment) where there is weakness in China and revenue have been more lumpy than usual the recent year, and 2) Lower M&A contribution than expected (Q1 annual run-rate of SEK 70m vs guidance SEK 180-220m). This range is reiterated, leaving us to initially expect revisions at around -10% on consensus revenue 2024E.
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