Nilörn - Solid orders and organic growth
Organic growth of 5% offset by FX headwindsMinor negative revisions on '25e-'27e EBITNTM EV/EBIT slightly above 7xWhat to look for in Q3'25In Q3'25 we...
Organic growth of 5% offset by FX headwindsMinor negative revisions on '25e-'27e EBITNTM EV/EBIT slightly above 7xWhat to look for in Q3'25In Q3'25 we...
Q3e: soft growth but GM improvementsMinor estimate cuts on FX and product mixTrading at '26e EV/EBITA of ~7xWhat to expect in Q3'25eWe anticipate -2% ...
We lift '26e EBIT by 4% on a higher subscription base30% '25e-'28e EBIT CAGR driven by Senior subscriptions......leading EV/EBIT to drop from 15x in '...
Q3'25e organic sales growth of 28% y-o-yWe lower EBITDA on customer mixFVR of SEK 30-45 reiteratedWhat to expect in Q3'25We expect organic growth of 2...
Q3 sales -36% vs cons, EBIT SEK -3m vs cons 91mMain reason is delayed deliveries, Q3 order intake +5% vs cons2025e EBIT estimates down 5-10%, less so ...
Report out on 17 OctoberQ3e sales of SEK 50m, +23% y-o-y, EBIT SEK 16m (9m)Q3 rebound expected after Q2 dipQ3 expectationsWe estimate Q3 sales of SEK ...
Q2 order book size and only one announced order in Q3 add riskWe cut EBIT by 2% in 2025-27e, mainly due to weaker FXQ3e: sales SEK 404m (-12% vs. cons...