Inission - Strong trend to continue
Q2e: 22% sales growth and adj. EBITA margin of 6.0% (4.8%)We raise '26e-'28e adj. EBITA by ~1% on updated FX ratesTrading at 14x/10x '26e/'28e P/E vs ...
Q2e: 22% sales growth and adj. EBITA margin of 6.0% (4.8%)We raise '26e-'28e adj. EBITA by ~1% on updated FX ratesTrading at 14x/10x '26e/'28e P/E vs ...
Q2 volumes pre-announced, we forecast sales -13%, EBIT -28%Comps ease from Q3, both FX and volumes should turn into tailwindsWe cut '26e EBIT by 4%, b...
Q2 broadly in line across most line items'26e-'28e adj. EBITDA -0.7%/-0.4%/-0.4% on weaker RomaniaFVR unchanged at SEK 190-270 on minor estimate revis...
Order intake +5% y-o-y – an early sign of stabilisation?We keep '26e adj. EBIT broadly unchanged, raise '27e-'28e by 1-2%9x '27e EV/EBIT adj., i...
Launches bike-sharing service with ~700 bikes in HelsinkiUnlikely to trigger material consensus estimate revisions......but nevertheless a positive du...
-1%/0% adj. EBITDA vs ABGSCe/Infront cons in Q2Cons estimates likely unchangedTrading at 10.2x '26e EV/EBITDAQ2 results: In line with expectationsMedi...
Net sales -6% y-o-y, EBITA -13% y-o-yStrategic staffing-up now in comps, DTC progressing wellWe trim our fair value range to SEK 35-42 (36-43)A perfec...