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Evolution: Lowered Expectations but Growth Remains Strong

2022-02-10

07:20

HA

DF

AH

Hjalmar Ahlberg

Douglas Forsling

Anton Hoof

Redeye updates estimates and valuation on Evolution post its Q4-results where we have taken down our topline estimates for 2022-23E on the back of lower-than-expected growth in Q4. Still, with expected growth of 32% in 2022E and 28% in 2023E the outlook remains strong.

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