BERG B Bergman & Beving

Bergman & Bevings årsredovisning för 2020/2021 offentliggjord

Bergman & Bevings årsredovisning för 2020/2021 offentliggjord

Pressmeddelande

Bergman & Bevings årsredovisning för 2020/2021 offentliggjord

Bergman & Bevings årsredovisning för räkenskapsåret 1 april 2020–31 mars 2021 har idag publicerats på bolagets hemsida där den kan laddas ner i pdf-format.

Stockholm den 9 juli 2021

Bergman & Beving AB (publ)

För ytterligare information kontakta:

Peter Schön, CFO, telefon 070–339 89 99

Denna information är sådan information som Bergman & Beving AB (publ) är skyldigt att offentliggöra enligt lagen om värdepappersmarknaden. Informationen lämnades för offentliggörande den 9 juli 2021 kl. 15:00 CET.

Bergman & Beving består av ledande bolag med nischade produkter och varumärken till professionella användare inom industri- och byggsektorerna i norra Europa. Koncernen består av ett 20-tal verksamheter i cirka 20 länder. Bergman & Beving är noterat på Nasdaq Stockholm, har cirka 1 200 anställda och omsätter cirka 4,5 miljarder kronor.

Läs mer på hemsidan:

Bilaga



EN
09/07/2021

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Reports on Bergman & Beving

Bergman & Beving AB: 1 director

A director at Bergman & Beving AB sold 44,787 shares at 321.000SEK and the significance rating of the trade was 95/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cl...

Karl-Johan Bonnevier
  • Karl-Johan Bonnevier

Bergman & Beving (Hold, TP: SEK330.00) - Solid Q3 given the circumstan...

The Q3 results were hit by the still-slow underlying market, broadly in line with our expectations but with weaker quality. We have thus reduced our 2024/25–2026/27e EPS by 8–1%. We see potential for a market volume recovery and execution on continued acquisition-based growth. However, after a period with the stock driven by multiples expansion rather than upward forecast momentum, we reiterate our HOLD and SEK330 target price.

Karl-Johan Bonnevier
  • Karl-Johan Bonnevier

Bergman & Beving (Hold, TP: SEK315.00) - Uncharted valuation territory

The Q1 results matched expectations showing slow growth, but a solid profit margin and FCF. We have marginally revised our forecasts for 2024/25–2026/27 after the results. After a strong share price performance and substantial expansion of valuation multiples, we still find the risk/reward neutral. We reiterate our HOLD and have raised our target price of SEK315 (250), turning to a relative valuation base as the shares seem more momentum- than value-driven at present.

Karl-Johan Bonnevier
  • Karl-Johan Bonnevier

Bergman & Beving (Hold, TP: SEK250.00) - Down to HOLD after revaluatio...

The Q4 report showed weak growth, but a solid profit margin and FCF generation. We have marginally revised our forecasts for 2024/25-2026/67e, following the results. After a solid share price performance and substantial expansion of valuation multiples, we find the risk/reward more neutral. We have downgraded to HOLD (BUY), with an increased target price of SEK250 (200), owing to our new 2026/27e valuation base, which suggests less near-term revaluation potential.

Karl-Johan Bonnevier
  • Karl-Johan Bonnevier

Bergman & Beving (Buy, TP: SEK200.00) - New target ‘500/10/45’ by 2025...

The Q3 report showed stronger profit margins and FCF generation, which we believe allows for a continued acquisition focus (six deals YTD), offsetting weaker demand indicators and FX. We have raised our 2023/24–2025/26e EPS by 4–7%. We see potential in the ‘focus model’ to reach a 10% EBIT margin and EBIT of SEK500m by 2025/26 and P/working capital of 45% by 2026/27, now in our value gap analysis. We reiterate our BUY and have raised our target price to SEK200 (170).

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