Inission - Q2 likely marked the R12m EBITA trough
Enedo drove the 6% Q2 adj. EBITA miss while Inission beat by 4%1.16x R12m book-to-bill supports y-o-y growth from hereEnedo only ~10% of our valuation...
Enedo drove the 6% Q2 adj. EBITA miss while Inission beat by 4%1.16x R12m book-to-bill supports y-o-y growth from hereEnedo only ~10% of our valuation...
Europe and other markets continue to perform, North America less soWe reset our expectations-post Q2 PW, adj. EBITA cut 6-11%Stock trading at 10.7x 20...
CEOTRONICS and GN's FalCom seem to perform well...... but growing competitors also means higher competitionWe host a Teams call with CEOTRONICS' CEO o...
Pome project schedule delayedLower-than-expected project margins in Pome and PienavaWe cut '25e EBIT by SEK 262mQ2 resultsEolus reported Q2 net sales ...
Orders -10%, sales +3%, adj. EBITA -6% vs. ABGSCeEnedo drove EBITA miss, Inission beat; Enedo b-t-b reassuring 1.3xReiterate FY-margin target, Inissio...
Scale and presence underpin growth and margin expansionSharper execution on cross-segment synergiesTrading at ~13x '25e EV/EBITDAPresence mattersWe ho...
Top-line pressure persisting, better cost controlWe cut '25e-'27e adj. EBITDA by 17-16% on 11-15% lower salesTrading below peers at 5.6x '25e EV/EBITD...