UK sales stronger than market and group. We expect the story in Q1'23 to repeat in Q2'23e, with UK outperforming the Nordics. We acknowledge the strength of Roper Rhodes but note that the CPA expects the UK market to drop by 9% in FY'23, so we forecast an organic net sales decline of 3% for the brand in Q2'23e. In Sweden, a sharp decline in the number of tax reduction applications, fewer house transactions and fewer building starts mean we expect an organic drop of 11% for the Svedbergs brand in ....
