Invitation to Conference Call With Web Presentation of SkiStar AB's Half-Year Report for 2024/25

Invitation to Conference Call With Web Presentation of SkiStar AB's Half-Year Report for 2024/25   SkiStar AB will publish the Half-Year Report for the period 1 September 2024 – 28 February 2025 on Wednesday 19 March 2025 at 07.00 a.m. CET. In connection with the report SkiStar will organize a conference call with web presentation. CEO Stefan Sjöstrand and CFO Sara J Uggelberg will present and comment on the report. After the presentation there will be time for questions, both by phone and by chat in the web presentation. The presentation will be held in English. Time for conference ca...

Inbjudan till webbsänd presentation och telefonkonferens i samband med SkiStar AB:s halvårsrapport för 2024/25

Inbjudan till webbsänd presentation och telefonkonferens i samband med SkiStar AB:s halvårsrapport för 2024/25 SkiStar AB offentliggör sin halvårsrapport för perioden 1 september 2024 – 28 februari 2025 onsdagen den 19 mars 2025 klockan 07.00 CET. I samband med rapporten håller SkiStar en webbsänd presentation och telefonkonferens. Verkställande direktör Stefan Sjöstrand och ekonomi- och finansdirektör Sara J Uggelberg presenterar och kommenterar rapporten. Efter presentationen kommer det att finnas möjlighet att ställa frågor via telefon eller chatt i webbsändningen. Presentationen hålls ...

Positive calendar effect to support margins

Ambea (Buy, TP: SEK130.00) - Acquiring Validia Oy

Ambea’s acquisition of Validia Oy, entering the Finnish social care market, makes good sense to us. A post-integration valuation of c7.5x EV/EBITA and tacit ROIC of c13% suggest a solid deal, and consolidating Validia Oy implies 4–5% increases to our 2025–2027e adj. EPS. We see a strong case, with robust demand, solid FCF and financials giving room for share buybacks/dividends and further possible acquisitions. We reiterate our BUY and have raised our target price to SEK130 (123).

Clas Ohlson (Buy, TP: SEK270.00) - Spring in its step

Q3 adj. EBIT was above consensus, with the gross margin trend turning positive again following a negative start to the year. Although February sales were slightly below consensus, we consider the underlying organic growth of 9% YOY strong on tough comparables and remain optimistic about the upcoming spring season and Clas Ohlson’s updated assortment. We reiterate our BUY and SEK270 target price.

Clas Ohlson (Buy, TP: SEK270.00) - Solid Q3 on strong gross margin

We consider this a slightly positive report for Clas Ohlson, including strong Q3 adj. EBIT 5% above consensus, driven by a solid gross margin, while current trading was a tad soft and it had negative calendar effects in February. We expect consensus 2024/25e adj. EBIT to come up 0–2% and believe a positive share price reaction is warranted.