Redeye provides an update following Heliospectra’s Q2’23 report. We find the margin improvements, combined with a stronger-than-expected top line, to be encouraging. However, order intake fell short of our expectations, implying a weaker Dutch market and a mixed outlook in the near term. We have made a few minor changes to our near-term estimates. Our fair value range, however, remains unchanged, with a base case of SEK1.9 per share.

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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/

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