In the context of the report, we have lowered Orthex's growth forecasts for the next few years due to the continued weakness in the demand environment and the challenges faced by distributors of Orthex's products. We remain confident in the longer-term outlook of the investment story.

Orthex will publish its Q3 report on Friday at 9:00 am EET. We expect modest revenue growth despite the weak sales development of Nordic retailers.

Orthex will publish its Q2 report on Thursday at 9:00 am EEST. We expect revenue to increase significantly from the soft comparison period when Orthex was impacted by retailer destocking. The profitability level in the comparison period was supported by a one-time electricity subsidy of 0.8 MEUR from the Swedish government, which masks the actual profitability development of the business.