Redeye, following a call with the CEO, complements its estimates and valuation changes of August 3 with some additional comments around the Saudi Arabian in-vehicle contract of SEK 275m – by far Sensys Gatso’s largest contract ever. Whatever happens with the Coronavirus, we argue that Sensys Gatso will report record order intake in Q2 and Q3 and high growth all the way into 2022. Consequently, we are perplexed by the weak reception of the stock market. We expect the market to eventually discount more orders during the coming months. We also see a potential that fund managers could come to appreciate the high portion of recurring revenue