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Stefan Knutsson
  • Stefan Knutsson

PION Group - High energy and positivity after the CMD

Solid Q3 but growth initiatives hurt margins We expect lower profitability mid-term ‘22e P/E of 7.7x and EV/EBIT of 5.4x

Stefan Knutsson
  • Stefan Knutsson

PION Group - Launches new growth stratgy ahead of CMD

Q3 results in line with ABGSCe Aims for 20% sales CAGR until 2026 inc. M&A… …and targets an EBITA margin of 5%

Stefan Knutsson
  • Stefan Knutsson

Poolia - Solid demand picture in Q2

Q2 sales growth of 18% y-o-y Divestment of German operations behind sales revisions Proposed name change to PION Group

Stefan Knutsson
  • Stefan Knutsson

Poolia - Strong start to the year in key segments

QRIOS and Poolia Sweden impress Positive revisions, mainly from profitability Uniflex Sweden is normalising

Stefan Knutsson
  • Stefan Knutsson

Poolia - What a comeback in 2021

Poolia beats ABGSCe to end the year in style We raise ’22-‘23e EBIT by 3-4% A lot of things to look forward to in 2022

Stefan Knutsson
  • Stefan Knutsson

Poolia - We expect a solid end to the year

Retroactive compensation from AFA Acquires Roi Rekrytering ‘22e P/E of 12.5x, expected div. yield of 4.3%

Stefan Knutsson
  • Stefan Knutsson

Poolia - Continues to outperform our expectations

Impressive profitability in Q3 EBIT up 28%-21% for ‘21e-‘23e, mainly due to Sweden ‘22e P/E 12x, 4.7% dividend yield

Poolia AB: 1 director

A director at Poolia AB bought 20,000 shares at 12.550SEK and the significance rating of the trade was 68/100. 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 clearly sho...

Stefan Knutsson
  • Stefan Knutsson

Poolia - Performing at a new, higher level in Q2

Positive momentum for Poolia Sweden… …with large positive revisions as a result New framework agreements, yearly potential of SEK 45m

Stefan Knutsson ... (+2)
  • Stefan Knutsson
  • Victor Forssell

Poolia - Slower recovery but costs under control

Still challenging outside of Sweden No major worries as EBIT surprises positively Strong balance sheet can create opportunities

Stefan Knutsson ... (+2)
  • Stefan Knutsson
  • Victor Forssell

Poolia - Danir, the new majority shareholder

Founder Björn Örås sells all his shares… …probably wants to preserve his legacy Danir has solid experience within the industry

Stefan Knutsson ... (+2)
  • Stefan Knutsson
  • Victor Forssell

Poolia - War chest increases with recovery in sight

Sales +12% vs ABGSCe, -21% y-o-y Positive revisions as profitability surprises No liquidity risk on current COVID-19 restrictions

Stefan Knutsson ... (+2)
  • Stefan Knutsson
  • Victor Forssell

Poolia - Outlook not as bad as we feared

Positive surprise from Uniflex Sweden Mgmt. upbeat despite headwinds, we raise estimates Trades at ‘21e EV/EBIT of 6.5x, 8.7% div. yield

Stefan Knutsson ... (+2)
  • Stefan Knutsson
  • Victor Forssell

Poolia - Hit hard by COVID-19

Low demand for recruiting and staffing in this market Major revisions to reflect a new playing field Cancelled dividend decreases liquidity risk

Stefan Knutsson ... (+2)
  • Stefan Knutsson
  • Victor Forssell

Poolia - Excellent cost control in a tough year

Market headwinds continued in Q4 Firm needs a better market to drive profitability Div. yield of 7.7% for 2019 and 2020e

Stefan Knutsson ... (+2)
  • Stefan Knutsson
  • Victor Forssell

Poolia - Keeping costs under control

Still a challenging market in Sweden Cost control is impressive Negative estimate revisions on 2020 outlook

Stefan Knutsson ... (+2)
  • Stefan Knutsson
  • Victor Forssell

Poolia - Market slowdown in Sweden

Sales of SEK 439m (511m), negative 14% y-o-y Positive EBIT contribution despite demanding market ABGSCe lower sales but keep margin assumptions

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...

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