Redeye remains confident on the case as we believe Impact Coatings is on the right track in its international expansion. Coating Services in China is showing great progress paving the way for new business in the coming years. However, the current order backlog is modest, only SEK6m, causing us to reduce our near-term forecasts.

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Impact Coatings - ATH in 2023, but near-term outlook more uncertain

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