Tough report. Norway caught up with Sweden in revenue and growth in the Netherlands looks incredibly good. Babak probably wasn’t talking for nothing when he said the thermostat is an anticipated product in Norway.
I don’t know the market for that panel in detail, but I would assume that Plejd’s panel’s target market is not large properties with extensive building automation solutions, but rather smaller spaces. In these cases, the decision is influenced by the installation company, to whom Plejd is already a familiar and trusted brand.