Project recovery delayed in Sweden

A well-polished start to the year

Q1: good print, gradually better markets

House transactions return to growth

15% EBITA margin target has been reached

Q4: EBITA growth of 37% y-o-y

Seeing the full impact of Thebalux

Price hikes in UK, capacity increase in NL

Non-nordic operations continue outperforming

Macro outlook gradually improving

Svedbergs Group AB: 1 director

A director at Svedbergs Group AB bought 328,335 shares at 43.143SEK and the significance rating of the trade was 67/100. 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...

Geographical diversification keeps paying off

Strong momentum outside Sweden. We lower '24e-'25e EBITA by 2-1%. Share trading at 9x '24e EBITA vs. hist. avg. 7-11x NTM.

Roper Rhodes keeps outperforming

Higher freight rates impact the UK model

Q2 report due 18 July. We forecast SEK 561m net sales, SEK 81m EBITA. Fair value range raised to SEK 40-56 (37-53).

Feedback from ABGSC Investor Days

Keeps proving its M&A affinity

Geographical diversity gives resilience - UK grew 6% org. Thebalux delivered a strong 25% margin; first full quarter in the group. Share trading at 7x '24e EBITA vs historical avg. 7-11x NTM.

Thebalux hit the ground running

Svedbergs - Quality is always in fashion

Q3 was a 10% beat on sales and 25% on EBITA We repeat that we are likely not in the all-clear yet We raise EBITA estimates by 3-5% for '23e-'24e

Svedbergs - The power of strong brands

Sales SEK 435m, 13% vs. ABGSC EBITA SEK 59m, 21% vs. ABGSC Broad beat, share trading on 6x-5x ’22e-‘24e EV/EBITA

Svedbergs - A diverse portfolio saves the day

Q3 report due 21 October We estimate sales of SEK 384m, EBITA SEK 49m Share trading at ’22e-‘24e EV/EBITA 5.4x-5.0x