Lifeclean Q2’2024: Finally a sales push - Redeye

Redeye saw sales that were markedly above and results that were in line with our expectations. Sales were up 46% y/y and up the previous quarter, while costs were a bit higher. The sales development is a very positive factor. We will likely increase our sales estimates for the rest of the year while also increasing costs. The Base case will be adjusted upwards, although the increasing cost levels hold back a bigger change. The stronger sales and a better outlook with more orders in the pipeline make for a more positive stance. With the initial view we expect to raise our Base case by 15-20%

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