E-commerce Q2'25: 7% better than forecast

Lyko Group AB: 1 director

A director at Lyko Group AB maiden bought 4,500 shares at 143.580SEK and the significance rating of the trade was 70/100. 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 ...

Profit focus shines through

Another large EBIT beat

E-commerce traffic - Q2 2025

Another strong quarter ahead

E-commerce traffic - May 2025

E-commerce Q1'25: Sweden drove growth

Needs to lock in 2026

Offshore Drilling (DNB Markets) (, ) - (39 pages)

E-commerce traffic - April 2025

Dolphin Drilling (Sell, TP: NOK0.20) - Equity meltdown in action

After its stock was suspended from trading since mid-Monday, Dolphin Drilling released a statement related to what appears to be an unsuccessful refinancing effort. In a scenario with an unfavourable ruling on the UK tax claim, we see a total capital need of cUSD70m–75m through 2026e, of which we believe cUSD50m–55m should be fresh equity, assuming the shareholder loan is converted/extended. For 2027e, further capital is likely to be required for the Blackford 5-year survey. Based on the combina...

Another round of Aramco suspensions expected

Market sources suggest Saudi Aramco will further reduce its rig count in the coming months through early contract terminations and potentially more suspensions, which would mark the ‘fourth round’ of rig reductions. This follows last month’s request for dayrate discussions (historically, such requests have preceded it suspending rigs). We believe this round could be extensive, affecting c10 jackups out of its current rig count of c57 rigs. At the peak, Aramco had 92 jackups (22% of global demand...

NTG (Buy, TP: DKK385.00) - M&A set to boost guidance

We expect still-tough Road market conditions in Q1 to be offset by ITC consolidation, market-share gains, price increases, and a solid start to Air & Ocean. We like the pending DTK deal, adding scale to the Nordic footprint. We reiterate our BUY and have raised our target price to DKK385 (360) after including DTK in our forecasts, partly offset by lower volume growth assumptions from tariffs.

Sweden's preferred beauty retailer

Muted 2025 growth expectations

Following Q1 earnings calls by some of the oil service companies, 2025 outlooks appear more challenging than previously. Baker Hughes expects international upstream spending to decline by mid- to high-single digits, while Halliburton sees its international revenues flat to slightly down. Furthermore, Weatherford expects 2025 international revenue to decline by low double- to mid-double digits. Precision Drilling flagged additional rig suspensions by Saudi Aramco, and SLB highlighted a slow start...