About 2/3 of the year has already passed, so using the 2026 P/E is justified. 56 MNOK looks like a credible result in my own models, as European sales are now turning profitable for the first time, which would give us that P/E of 15. The Kirirom acquisition, the one-off costs it brings, and the share issue to be carried out upon the completion of the acquisition, of course, complicate the picture.
Because of seasonality, the most important quarterly result is always achieved during Q3, which will largely determine how this year turns out.