Bryan Garnier - LMK GROUP AB (LMKG) Cheffelo: waiting for HelloFreshs playbook at the CMD

Report

Bryan Garnier

Clement Genelot

Cheffelo: waiting for HelloFresh's playbook at the CMD

Post-Q4, we have lifted our FY 2025-27e EBIT and FCF estimates by respectively 17% and 18% with our new PT coming out at SEK37. Cheffelo proved its ability to quickly restore "profitable growth" mode in 2024, and the 2025 growth/profitability profile looks appealing. But uncertainty will remain ove

20/02/2025 1 EN

Underlying

LMK GROUP AB

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SE0015556873 Sweden

Provider

Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

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Analysts

Clement Genelot

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Bryan Garnier

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Cheffelo: waiting for HelloFresh's playbook at the CMD

Cheffelo: strong Q1, reassuring FY indications

Cheffelo: back at the stove and ready to delight

Deliveroo: PT aligned with DoorDash offer

Jeronimo Martins: rerating not over yet with better margin prospects

Software: Q1 2025 in review

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