Ranplan’s sales growth slowed down substantially in H2’19, but on a full-year basis, the company still grew 76%. The company continued to invest in R&D, meaning that costs increased. Even though this second half of the year was clearly weaker than the first, we believe that this is a bump in the road. Since the underlying growth drivers, including the 5G transformation and Ranplan’s strong offering, still are in place, we see a strong growth journey ahead for the company.

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