Report
Daniel Thorsson ...
  • Simon Granath

Avensia - Solid growth, but contracting margins

Q4e: sales of SEK 87m and EBIT of SEK 7.5m Reduced estimates on several unfavourable signs 12.5x ‘20e EV/EBIT, 5% lease adj. FCF yield
Underlying
Avensia Innovation AB

Avensia AB is a Sweden-based company active within the e-commerce sector. The Company delivers solutions ranging from consulting and development to complete system implementation. It operates within .NET-technology for e-commerce, content management systems and product information management, among others. The Company's product portfolio comprises Apptus eSales, Avensia PDF generator, inRiver PIM and Avensia Storefront, among others. Apptus eSales is a self-optimizing system for consumer data acquisition and analysis. Avensia PDF generator is a technical datasheet creation and management tool. InRiver RIM is a product information management system for assortment control. Avensia Storefront is an unified echo system for sales channel integration, information administration and rendering.

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
Daniel Thorsson

Simon Granath

Other Reports on these Companies
Other Reports from ABG Sundal Collier Sponsored
ABGSC IT Research ... (+3)
  • ABGSC IT Research
  • Simon Jönsson
  • Stefan Knutsson
ABGSC IT Research ... (+3)
  • ABGSC IT Research
  • Oscar Rönnkvist
  • Simon Jönsson
ABGSC Construct. & Real Estate Research ... (+4)
  • ABGSC Construct. & Real Estate Research
  • Fredrik Stensved
  • Markus Henriksson
  • Oscar Lindquist

ResearchPool Subscriptions

Get the most out of your insights

Get in touch