Imint reported sales of SEK 11.1m (9.2m) in Q4 2019, which was almost equal to our forecast of SEK 11.0m. Costs were slightly higher than expected, resulting in a net profit of SEK -1.8m(-1.9m) compared to our estimates of SEK -1.5m. A market decline during Q4 of 15.6% in Chinese smartphone shipments made the rather weak quarter expected. Considering we forecast that the smartphone market in China will decline further in Q1 due to the Corona-virus, we will come back with a revised valuation.

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