Pareto reiterates Buy and lowers its target price for helmet safety company Mips to 600 from 640 ahead of the Q1 report. The target price is lowered due to currency-driven estimate revisions.

The analyst house sees an attractive entry point as the share has fallen by 25 percent since the fourth quarter.

"We expect a strong start to FY25, with organic growth of 45 percent in Q1 and an ebit margin increasing by 11 percentage points year-on-year. The solid momentum should continue in '25, supported by an ongoing recovery in Sports and increased penetration in Safety and Moto. In addition, we see '25 ebit margin increasing by 9pp y/y, on the back of solid operating leverage," it said.