Sweco (Buy, TP: SEK137.00) - Billing ratio in focus for 2024e
We expect Q4 market and demand dynamics to remain in Q1, with solid demand across most regions offsetting weakness the real estate, pulp and paper and manufacturing industry segments, supporting 10.1% sales growth YOY. However, profitability is expected to come under pressure. We reiterate our BUY and SEK137 target price.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.