SYSR SYSTEMAIR AB

Systemair's Interim Report for the first quarter will be presented on August 25

Systemair's Interim Report for the first quarter will be presented on August 25

Press Release, 18 August 2022

Systemair ABs (NASDAQ OMX Stockholm: SYSR) Interim Report Q1 for the financial year 2022/23 will be published at 13:00 CET on August 25, 2022.

A telephone conference will be held at 13:30 CET on August 25, 2022. The report will be presented by Roland Kasper, CEO, and Anders Ulff, CFO.

In order to participate in the telephone conference: Call 010-884 8016 alternative international call 9 and enter code 539199 minutes before start.

The presentation will be published on

For further information contact:

Roland Kasper, CEO, 13

Anders Ulff, CFO, 09

Systemair AB, SE-739 30 Skinnskatteberg, Sweden, +46 222 440 00,

Systemair in brief

Systemair is a leading ventilation company with operations in 52 countries in Europe, North America, the Middle East, Asia, Australia and Africa. The Company had sales of SEK 9.6 billion in the 2021/22 financial year and today employs approximately 6,700 people. Systemair has reported an operating profit every year since 1974, when the company was founded. Over the past 10 years, the Company’s average growth has averaged 9.4 percent. Systemair helps to improve the indoor climate with the help of energy-efficient and sustainable products that reduce carbon dioxide emissions.

Systemair has well-established operations in growth markets. The Group's products are marketed under the Systemair, Frico, Fantech and Menerga brands. Systemair shares have been quoted on the Nasdaq OMX Nordic Exchange in Stockholm since October 2007, and are today traded on the Large Cap List. The Group comprises about 90 companies.

 

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18/08/2022

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Douglas Lindahl
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Systemair (Hold, TP: SEK90.00) - Margin volatility

After updating our model for the weaker Q3 results than forecast, we have reduced our 2024/25–2026/27e adj. EBIT by c9% on average as we expect lower profitability. We have cut our target price to SEK90 (105) and reiterate our HOLD on limited upside potential. While we expect improving organic growth, we have low confidence in the margin target (10% on EBIT) due to the margin volatility, and find the valuation fair.

03/13/25 March 13, 2025 1 EN
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03/10/25 March 10, 2025 1 EN
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02/17/25 February 17, 2025 1 EN
Douglas Lindahl
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Systemair (Hold, TP: SEK105.00) - Closing in on margin target

Q2 2024/25 brought another strong adj. EBIT margin, and the CEO remains confident in overall market conditions. We have raised our 2024/25–2026/27e adj. EBIT by c8% on average, and our target price to SEK105 (85) dafter updating our valuation metrics. However, Systemair tends to see some performance volatility quarter to quarter (partly due to its project nature), and the stock is still trading above historical average multiples; with limited upside potential, we reiterate our HOLD.

12/04/24 December 4, 2024 1 EN
Douglas Lindahl
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Systemair (Hold, TP: SEK85.00) - On the right margin path

Systemair’s gross margin gains reinforce our confidence in profitability from here. However, our 2024/25–2026/27 adj. EBIT forecasts are largely unchanged post-Q1, with lower top-line estimates broadly offset by higher margin assumptions. We reiterate our HOLD and SEK85 target price, with the valuation looking fair, minimal differences between our estimates and consensus, and the market already pricing in expectations of improving market dynamics and expanding margins.

08/29/24 August 29, 2024 1 EN

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