The Q2 report confirmed that Absolent is on the right track with organic growth of 7% and margins improving significantly Y/Y and Q/Q. The large business area, Industrial, is making firm progress, while Commercial Kitchen has some remaining challenges. The market climate is still rather cautious, but Absolent is gaining ground with its new product range. Redeye’s financial forecasts and valuation are intact with a Fair Value of SEK279, (see details below).
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