BERG B Bergman & Beving

Bergman & Beving AB: Bergman & Beving AB återköp av egna aktier

Bergman & Beving AB: Bergman & Beving AB återköp av egna aktier

Pressmeddelande

Bergman & Beving AB återköp av egna aktier

I enlighet med bemyndigandet från årsstämman den 26 augusti 2020 har Bergman & Beving AB idag återköpt 200 000 B-aktier till en genomsnittskurs om 84,20 kr.

Bergman & Beving AB:s totala innehav av egna aktier efter återköpet uppgår till 929 677 B-aktier.

Det totala antalet aktier i Bergman & Beving AB, inklusive de av bolaget ägda aktierna, uppgår till 27 436 416 och antalet utestående aktier uppgår till 26 506 739.

Stockholm den 27 oktober 2020

Bergman & Beving AB (publ)



För ytterligare information kontakta:

Peter Schön, CFO, telefon 070-339 89 99



Denna information lämnades, genom ovanstående kontaktpersons försorg, för offentliggörande den 27 oktober 2020 kl. 15:15 CET.



Bergman & Beving äger och förädlar bolag som utvecklar och marknadsför starka varumärken till professionella användare inom industri och bygg - främst i Norden, Baltikum och Polen. Bergman & Beving ska vara den plats där framgångsrika produktbolag kan ta nästa steg och bli ledande varumärken inom sina kategorier. Koncernen har i dag cirka 20 varumärken, cirka 1000 anställda och en omsättning på cirka 4 miljarder kronor. Bergman & Beving är noterat på Nasdaq Stockholm.

Läs mer på hemsidan:

Bilaga

EN
27/10/2020

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Reports on Bergman & Beving

Bergman & Beving AB: 1 director

A director at Bergman & Beving AB sold 44,787 shares at 321.000SEK and the significance rating of the trade was 95/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cl...

Karl-Johan Bonnevier
  • Karl-Johan Bonnevier

Bergman & Beving (Hold, TP: SEK330.00) - Solid Q3 given the circumstan...

The Q3 results were hit by the still-slow underlying market, broadly in line with our expectations but with weaker quality. We have thus reduced our 2024/25–2026/27e EPS by 8–1%. We see potential for a market volume recovery and execution on continued acquisition-based growth. However, after a period with the stock driven by multiples expansion rather than upward forecast momentum, we reiterate our HOLD and SEK330 target price.

Karl-Johan Bonnevier
  • Karl-Johan Bonnevier

Bergman & Beving (Hold, TP: SEK315.00) - Uncharted valuation territory

The Q1 results matched expectations showing slow growth, but a solid profit margin and FCF. We have marginally revised our forecasts for 2024/25–2026/27 after the results. After a strong share price performance and substantial expansion of valuation multiples, we still find the risk/reward neutral. We reiterate our HOLD and have raised our target price of SEK315 (250), turning to a relative valuation base as the shares seem more momentum- than value-driven at present.

Karl-Johan Bonnevier
  • Karl-Johan Bonnevier

Bergman & Beving (Hold, TP: SEK250.00) - Down to HOLD after revaluatio...

The Q4 report showed weak growth, but a solid profit margin and FCF generation. We have marginally revised our forecasts for 2024/25-2026/67e, following the results. After a solid share price performance and substantial expansion of valuation multiples, we find the risk/reward more neutral. We have downgraded to HOLD (BUY), with an increased target price of SEK250 (200), owing to our new 2026/27e valuation base, which suggests less near-term revaluation potential.

Karl-Johan Bonnevier
  • Karl-Johan Bonnevier

Bergman & Beving (Buy, TP: SEK200.00) - New target ‘500/10/45’ by 2025...

The Q3 report showed stronger profit margins and FCF generation, which we believe allows for a continued acquisition focus (six deals YTD), offsetting weaker demand indicators and FX. We have raised our 2023/24–2025/26e EPS by 4–7%. We see potential in the ‘focus model’ to reach a 10% EBIT margin and EBIT of SEK500m by 2025/26 and P/working capital of 45% by 2026/27, now in our value gap analysis. We reiterate our BUY and have raised our target price to SEK200 (170).

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