Västra Hamnen Corp. Finance

• Fast-growing demand for biometric cybersecurity solutions
• Digital Identity growth remains slow
• Despite adjustments we keep the fair value at SEK 7.25 per share

Precise Biometrics reported their recent Q2 figures slightly below our expectations. The result was primarily affected by negative currency effects, a renegotiated customer contract, and longer sales cycles in a still uncertain market. Even with our revised projections, we maintain a fair value of SEK 7.25 per share. After a weak first half, the company now needs to demonstrate that growth will accelerate in the second half of 2025 and that it truly is a growth company.

The full report is available here.