Report
ABGSC Capital Goods Research ...
  • Adrian Gilani

Q1 seasonally small, margin lift ahead

Q1 a seasonally small quarter, adj. EBITA of EUR -4m. Margin lift from Q2e following recent divestment. Share trading at 11-8x '24e-'25e EV/EBITA.
Underlying
Eltel AB

Eltel is an European provider of technical services in its society for the critical infrastructure networks - Infranets - when it comes to power, communication as well as transport and security. Co. provides a broad and integrated range of services spanning from project planning and execution to installation services and services related to maintenance and operation. The full range of technical service types covers everything from standard service to custom-tailored solutions; all of these building on Co.'s deep understanding and experience in a broad range of technologies.

Provider
ABG Sundal Collier Sponsored
ABG Sundal Collier Sponsored

ABG Sundal Collier is the independent, Nordic investment banking powerhouse, developed over 30 years, founded on a hard working partnership culture and the ability to attract top talent.

Our strategy is to be an advisor and an intermediary, and the core product offering comprise corporate advisory services, corporate financing services and investor research and brokerage services.

Our corporate advisory team offers access to a broad financial and industrial network and unparalleled transaction experience. We provide financing to corporates through our superior Nordic and international distribution platform, and we are optimally structured for naturally matching trading flows, delivering best execution for clients.

The group employ approx. 250 staff working from the Nordic offices in Norway, Sweden and Denmark and in the offices in the key international markets US, UK and Germany. 


Analysts
ABGSC Capital Goods Research

Adrian Gilani

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