BERG B Bergman & Beving

Bergman & Beving AB: Förändring i Bergman & Beving ABs valberedning

Bergman & Beving AB: Förändring i Bergman & Beving ABs valberedning

Pressmeddelande



Förändring i Bergman & Beving ABs valberedning

Då SEB Fonders aktieinnehav har minskat sedan nomineringen till valberedningen, har Per Trygg ställt sin plats till förfogande.

I enlighet med valberedningens instruktioner har Lannebo fonder erbjudits att utse en ny ledamot till valberedningen. Ny ledamot blir Johan Lannebo.

Det innebär att valberedningen består av styrelseordförande Jörgen Wigh, Anders Börjesson, Henrik Hedelius, Caroline Sjösten (utsedd av Swedbank Robur fonder) samt Johan Lannebo (utsedd av Lannebo Fonder). Information om hur valberedningen kontaktas finns på Bergman & Bevings hemsida.





Stockholm den 6 mars 2020



Bergman & Beving AB (publ)



För ytterligare information kontakta:

Peter Schön, CFO, telefon 070-339 89 99



Informationen lämnades, genom ovanstående kontaktpersons försorg, för offentliggörande den 6 mars 2020 kl. 14:00 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 runt 20 varumärken, ca 1000 anställda och en omsättning på ca 4 miljarder kronor. Bergman & Beving är noterat på Nasdaq Stockholm. Läs mer på hemsidan:

Bilaga

EN
06/03/2020

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Reports on Bergman & Beving

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.

Bergman & Beving AB: 1 director

A director at Bergman & Beving AB bought 1,344 shares at 283.500SEK and the significance rating of the trade was 53/100. 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 c...

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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