Report
Edvard Hagman ...
  • Karl Bokvist

Elanders - Leaving a challenging Q1 for a tougher Q2

Sales -8% (-11% organic), adj. EBITA margin of 3% (4%) Challenging market in Q1, about to get weaker in Q2e Dividend proposal withdrawn, EV/EBIT of 9.6x for ’21e
Underlying
Elanders AB Series B

Elanders is engaged in the graphic industry with Sweden as its primary home market. Co. develops, enriches, and distributes information for publication in media independent solutions using graphic production and information structuring. Co. has operations in two business areas: Infologistics and Infoprint. Through Elanders Master Vendor, Co. takes complete responsibility for printing combines with tailor-made related services. Master Vendor is all about information logistics and means that the right information is in the right place at the right time.

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
Edvard Hagman

Karl Bokvist

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