Absolent (Q1 Initial take): Almost in-line - Redeye

Overall, Absolent is showing continued progress with 7% organic top-line growth and improving margins in the first quarter. Sales in all major markets have improved somewhat Y/Y. The general macroeconomic outlook remains uncertain, but recent major product launches have improved Absolent’s market position significantly over the past year. This makes us confident, also for the near-term prospects. The Q1 report will probably not cause any significant changes in our financial forecasts.

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