SYSR SYSTEMAIR AB

Systemair organises Capital Markets Day January 17, 2023

Systemair organises Capital Markets Day January 17, 2023

Press Release, December 2, 2022

Systemair is organising a capital market day at our Technical Centre in Skinnskatteberg on January 17.

At the capital markets day Systemair will give investors, analysts and financial media an update of the company's strategy with a focus on growth, profitability, sustainability and smart energy-efficient products. The presentations will also show the company's present market conditions and future growth opportunities.

The presentations will be held in English by members of the management team, followed by a question and answer session.

To register, click here:

For further information contact:

Roland Kasper, CEO, 13

Anders Ulff, CFO, 09

Systemair AB, 739 30 Skinnskatteberg, 0222-440 00,

Systemair in brief

Systemair is a leading ventilation company with operations in 52 countries in Europe, North America, the Middle East, Asia, Australia and Africa. The Company had sales of SEK 9.6 billion in the 2021/22 financial year and today employs approximately 6,800 people. Systemair has reported an operating profit every year since 1974, when the company was founded. Over the past 10 years, growth has averaged 9.4 percent. Systemair helps to improve the indoor climate with the help of energy-efficient and sustainable products that reduce carbon dioxide emissions. Systemair has well-established operations in growth markets. The Group's products are marketed under the Systemair, Frico, Fantech and Menerga brands. Systemair shares have been quoted on the Nasdaq OMX Nordic Exchange in Stockholm since October 2007 and are today traded on the Large Cap List. The Group comprises about 90 companies.

Attachment



EN
02/12/2022

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on SYSTEMAIR AB

ABGSC Capital Goods Research ... (+3)
  • ABGSC Capital Goods Research
  • Adrian Gilani
  • Lara Mohtadi
ABGSC Capital Goods Research ... (+3)
  • ABGSC Capital Goods Research
  • Adrian Gilani
  • Lara Mohtadi
ABGSC Capital Goods Research ... (+3)
  • ABGSC Capital Goods Research
  • Adrian Gilani
  • Lara Mohtadi
ABGSC Capital Goods Research ... (+3)
  • ABGSC Capital Goods Research
  • Adrian Gilani
  • Lara Mohtadi
Douglas Lindahl
  • Douglas Lindahl

Systemair (Hold, TP: SEK90.00) - Margin volatility

After updating our model for the weaker Q3 results than forecast, we have reduced our 2024/25–2026/27e adj. EBIT by c9% on average as we expect lower profitability. We have cut our target price to SEK90 (105) and reiterate our HOLD on limited upside potential. While we expect improving organic growth, we have low confidence in the margin target (10% on EBIT) due to the margin volatility, and find the valuation fair.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch