Adjusted for currency effects, Enea’s net sales of SEK234.9m met Redeye Research estimate (RRe). Its adj. EBITDAC came in at SEK48.3m, 9% above Redeye’s forecast of SEK44.1m, owing to effective cost control, with sales and marketing falling SEK13.7m y/y. Redeye believe the market's concerns over costs and potential currency headwinds have proven overly pessimistic and forecast a relief rally in the share price greater than 10%.
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