Report
Jesper Birch-Jensen

Allgon - Solid finish to a transformative year

Sales +3.6% vs. ABGSCe, EBITDA -14.1% vs. ABGSCe Slightly negative EBIT revisions as personnel expands EV/EBIT 9.5x-5.3x & FCF yield 5.4%-14.7% for ‘20e-‘22e
Underlying
ALLGON AB

ALLGON publ AB, formerly Smarteq publ AB, is a Sweden-based company active within the wireless communications equipment industry. It is engaged in the development, manufacture and marketing of antennas and antenna systems for vehicles, industry and mobile communications. The Company's activities are focused on two business areas: Automotive and Communications. The Automotive business area supplies antennas to the automotive industry and its customer base includes Volvo Trucks, Volvo CE, Renault Trucks, UD Trucks, Scania, Volvo Cars, Audi, Bentley and Fisker. The Communications business area offers wireless solutions and applications, such as Machine to Machine (M2M) applications to vending machines, parking and ticket machines, security alarm systems and vehicle tracking, among others.

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
Jesper Birch-Jensen

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