Sweco (Buy, TP: SEK140.00) - Strong Q3 results
Sweco saw solid sales and profitability in Q3, as it was able to report strong organic growth, supported by higher average fees and solid employee growth, and mitigated lower demand in some areas by increasing its exposure to segments with higher demand. We reiterate our BUY and have raised our target price to SEK140 (135) on slightly higher 2023–2025 forecasts.
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.