Nilörn - Recommended SEK 77/share cash offer
All-cash public offer SEK 77 per shareNilörn's largest shareholder (58% of votes) has accepted53% upside to current share priceThe Board unanimou...
All-cash public offer SEK 77 per shareNilörn's largest shareholder (58% of votes) has accepted53% upside to current share priceThe Board unanimou...
Q1 earnings capacity +2% q-o-qRiga divestment impacts estimates negatively short-term......but we are confident in the cash being re-investedCold Q1, ...
Risk of temporary GM pressure from rising oil pricesEBITA lowered by 4% for '26e, 3% for '27e-'28eQ1e: precious metal headwinds should persistRisk of ...
Strong growth and continued margin improvementWe raise '26e EBITA by 9%, '27e-'28e by 6% each9x '26e EV/EBITA, 6-11% '26e-'27e lease-adj. FCF yieldsAn...
Expect Q2 sales growth of 29%, driven by paying usersPositive gross margin trend is encouraging'26e EV/Gross profit of ~5x, fair value range of SEK 25...
'26e-'28e adj. EBITA down 24-13%Webstep issues weigh significantly on revenueTrading at NTM EV/EBITA of 6xA soft report due to drag from WebstepB3 mis...
Defence order lifts Q1e sales to SEK 76m, +42% y-o-yEntering the new year with stronger financial fundamentalsExpecting an average FCF yield 7% p.a. '...