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Net Insight AB: 1 director

A director at Net Insight AB bought 52,000 shares at 4.560SEK and the significance rating of the trade was 60/100. 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...

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Simon Jönsson

Net Insight - Terminating coverage

ABGSC terminates coverage of Net Insight… …due to the end of the contractual period Last published estimates are shown in this report

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Simon Jönsson

Net Insight - Firing on all cylinders

Q3: +34% FX adj. growth and EBIT 80% above ABGSCe We raise ‘22e-‘23e EBIT by 38-45% New fair value range: SEK 3.1–6.6 (1.7–3.9)

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Simon Jönsson

Net Insight - Beat on sales and EBIT; starts buybacks

EBIT of SEK 11.8m (+80% vs. ABGSCe) Initiates buy-backs Conf call at 09:30 CET

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Simon Jönsson

Net Insight - Transformative 5G order

Signs SEK 220m 5G sync framework with Türk Telecom Adds an addressable market of USD 1bn The order highlights NETI’s high R&D capabilities

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Simon Jönsson

Net Insight - Successful transformation continues

Strong sales growth (+13%) while cutting opex (-5%) We raise ’21-‘23e EBIT by 1%, 7%, and 4% resp. We continue to see good growth prospects

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Simon Jönsson

Net Insight - Turnaround completed

Adj. EBIT + 23% vs. ABGSCe New strategy yielding results More still lies ahead

Daniel Thorsson ... (+3)
  • Daniel Thorsson
  • Simon Granath
  • Simon Jönsson

Net Insight - Ready, set, action

Transitioning from product supplier to software provider Shareholder-friendly initiatives, realigned strategy M&A could add 90-100% to EBITDA

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Simon Granath

Net Insight - Not an overnight transformation

Large customers drove sales beat, but gross margin miss COVID-19 set to impact the business in Q4 and H1’21 Cash distribution of 30% of market cap likely in 2021e

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Simon Granath

Net Insight - Sales 13% vs ABG but EBIT loss in line

Sales -18% y-o-y affected by Covid-19, but 13% vs ABG Lower gross margin caused EBIT loss in line (SEK -7m) COVID-19 effects to persist, no news on capital distr.

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Simon Granath

Net Insight - Transformation underway

Q2 fairly in line with expectations, ScheduALL profitable Markets to gradually improve in Q3 1.8x ‘21e EV/sales and 30% of market cap in net cash

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Simon Granath

Net Insight - Q2: Sales +12% vs ABG, small positive EBIT

Q2 sales -17% organic, EBIT -50% y-o-y FX adj. Profitable in a tough quarter, with several deals signed Net cash of SEK 0.75/share, or 30% of market cap

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Simon Granath

Net Insight - Transformation into a cleaner company

Q1 sales -16% y-o-y, -18% vs. ABGSCe Challenges start from now, new strategy to address them Sales down, EBIT slightly up, share at 36x EV/EBIT ‘20e

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Simon Granath

Net Insight - Takes action to mitigate Covid-19 impacts

Capital redistribution pushed forward in time Reduce staff working time by 20% See negative impact in end of Q1 and also in Q2

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Simon Granath

Net Insight - Transforming into a profitable business

Q4 sales -1% y-o-y, -8% vs ABGSCe Sye divested (est. down 5-10%), ScheduALL under review 65x ’21e EV/EBIT and approaching higher profitability

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Simon Granath

Net Insight - Bye bye Sye

Divesting Sye for SEK 350m, or 41% of market cap SEK 400m net cash position & profitable business left Remaining business at 1.0x EV/Sales, extra divi likely

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Simon Granath

Net Insight - ABGSC Investor Days feedback

Interim CEO Anders Harrysson presented today Favourable market trends should drive profitable growth Expect news around ScheduALL and Sye in H1’20

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Simon Granath

Net Insight - Optimising media transportation

Offers technology to optimise media production & delivery Expect strategic moves and/or cash injection near term Volatile share trades at ~2x EV/sales with ~5% growth

 PRESS RELEASE

Net Insight AB: Net Insight appoints new VP People

Net Insight AB: Net Insight appoints new VP People Stockholm, Sweden – Net Insight today announces that Katarina Dufvenmark has been appointed new VP People for Net Insight AB and will be part of the management team. Katarina Dufvenmark will join Net Insight on August 19 and will replace Anna-Karin Berry, interim Head of People. Katarina Dufvenmark has solid experience from HR work and most recently comes from the position as Head of HR Sweden If P&C Insurance. “We are very happy to welcome Katarina Dufvenmark in the role of VP People,” says Henrik Sund, CEO of Net Insight. “Net I...

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