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Redeye: Vitec Q1 2024 - Soft top-line figures and solid margins

Redeye updates its estimates and valuation following Vitec releasing its Q1 2024 report. Sales came in slightly softer than we had pencilled in, while margins roughly aligned with our expectations. Our view of Vitec’s long-term equity story remains unchanged and we make minor revisions to our estimates and valuation.

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Vitec Q1 2024 - Soft top-line figures and solid margins

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