2024 revenues in line and gross margin a touch below our estimate, EBITDA-margin of 11-12% below guidance of ca 13% (DP: 13.6%)Changes capital allocation, no dividend over 2024, which we consider positiveWe will modestly cut out 2024 and 2025 estimates

21 Feb 2025
(Sponsored) Cabka - Slower margin recovery, dividend cut

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(Sponsored) Cabka - Slower margin recovery, dividend cut
2024 revenues in line and gross margin a touch below our estimate, EBITDA-margin of 11-12% below guidance of ca 13% (DP: 13.6%)Changes capital allocation, no dividend over 2024, which we consider positiveWe will modestly cut out 2024 and 2025 estimates