SYSR SYSTEMAIR AB

Systemair's Interim Report for the second quarter will be presented on December 8

Systemair's Interim Report for the second quarter will be presented on December 8

Press Release, December 1, 2022

Systemair ABs (NASDAQ OMX Stockholm: SYSR) Interim Report Q2 for the financial year 2022/23 will be published at 08:00 CET on December 8, 2022.

A telephone conference will be held at 09:00 CET on December 8, 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 388337 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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01/12/2022

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Reports on SYSTEMAIR AB

ABGSC Capital Goods Research ... (+3)
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  • Adrian Gilani
  • Lara Mohtadi
ABGSC Capital Goods Research ... (+3)
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ABGSC Capital Goods Research ... (+3)
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ABGSC Capital Goods Research ... (+3)
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Douglas Lindahl
  • Douglas Lindahl

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.

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