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"The transformation of EKF continues with a reduction in debt through a £4.75m placing (gross) and a positive update highlighting that both sales and EBITDA remain ahead of budget. We retain our FY forecasts for the moment but are increasingly confident that our estimates are achievable, with the prospect of upgrades later in the year. Ongoing restructuring should ultimately improve profitability, though we highlight the potential for near term disruption." Panmure's note out this morning on Research Tree
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