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Outlook

2025 Expectations

Net Sales: In the range of DKK 9.2 - 9.7 billion

EBITDA Margin (before special items): In the range of 20% - 30%

Free Cash Flow (before acquisitions): In the range of DKK 0.8 - 1.1 billion

Adjusted EPS: In the range of DKK 11 - 14

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