reports
- ABGSC Financials Research
- Fredrik Flørnes Støle
- Jan Erik Gjerland
- Niclas Gehin
Borregaard (Buy, TP: NOK230.00) - Agricultural products boost Q1 EPS
The solid Q1 results included a 6% EBITDA beat, led by record-high sales and profits from growing agricultural product sales – management said the underlying trend was driven by demand for ‘green’ food production products. Our 2026–2027e EPS are largely unchanged (tweaked by c1%) as the USD depreciation and lowered bioethanol price guidance largely offset the higher agricultural product sales. We still see this as an attractive entry point, and reiterate our BUY and NOK230 target price.
- Håkon Astrup
Sparebanken Vest (Buy, TP: NOK157.00) - Strong pre-merger quarter
Continued solid loan growth, high fees, and a strong trading result helped offset merger-related costs and seasonally soft NII, as SVEG reported Q1 PTP of NOK1,415m, 13% higher YOY, and a Q1 ROE of 21.3%. As capital synergies are expected to offset increased IRB risk weights in the 2 May merger, we continue to find the capital situation supportive for further distributions. We have cut our 2026–2027e EPS by ~2%, while reiterating our NOK157 target price and our BUY.
- ABGSC Pulp & Paper Research
- Henrik Bartnes
- Martin Melbye
- ABGSC Pulp & Paper Research
- Ali Shemmari
- Martin Melbye
- ABGSC Financials Research
- Fredrik Flørnes Støle
- Jan Erik Gjerland
Borregaard ASA: EBITDA1 of NOK 511 million in the 1st quarter
Borregaard ASA: EBITDA1 of NOK 511 million in the 1st quarter Borregaard’s operating revenues increased to NOK 2,036 million (NOK 1,975 million)2 in the 1st quarter of 2025. EBITDA1 reached NOK 511 million (NOK 442 million). The result in BioSolutions increased, BioMaterials had a result in line with the corresponding quarter last year and Fine Chemicals had a lower result. Strong sales to agriculture were the main reason for the all-time high result in BioSolutions. For BioMaterials, higher sales prices were offset by lower sales volume, increased wood costs, and cost increases in general...
Millicom (Tigo) notice of first quarter 2025 results and video confere...
Millicom (Tigo) notice of first quarter 2025 results and video conference Millicom (Tigo) notice of first quarter 2025 results and video conference Luxembourg, April 29, 2025 – Millicom expects to announce its first quarter 2025 results on May 8, 2025, via a press release. Millicom is planning to host a video conference for the global financial community on May 8, 2025, at 14:00 pm (Luxembourg) / 13:00 (London) / 08:00 (Miami). Registration for the interactive event is required at the following . Participants may also join the conference in listen-only mode by dialing any of the followi...
- Stefan Gauffin
Millicom (Buy, TP: USD39.00) - Solid underlying performance
We are a bit below consensus on service revenue, but believe this fully relates to Bolivia, where Millicom is set to report based on an assumed fair FX rate. Adjusting for this, we are in line with consensus on service revenue and EBITDA. We reiterate our BUY and have converted to a USD-based target price of USD39 (SEK375). The results are due at 12:00 CET on 8 May.
Transactions Made Under the Share Buy-back Programme for Stolt-Nielsen...
Transactions Made Under the Share Buy-back Programme for Stolt-Nielsen Limited Reference is made to the stock exchange announcement from Stolt-Nielsen Limited (Oslo Børs: SNI) on April 3, 2025 regarding the continuation of its 2016 share buy-back programme of up to $30,000,000, with $8,754,827.55 remaining under the programme. The buy-back programme commenced on April 7, 2025, and will remain in effect until the earlier of (i) the acquisition of the maximum number of shares up to the remaining consideration of $8,754,827.55 as set out above, or (ii) October 2, 2025. For the period from an...
- ABGSC Capital Goods Research
- Anders Idborg
- Karl Bokvist
Essity Aktiebolag (publ): 4 directors
Four Directors at Essity Aktiebolag (publ) bought 27,207 shares at 272.220SEK. The significance rating of the trade was 75/100. 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 ...
- Tomi Railo
- ABGSC Capital Goods Research
- Anders Idborg
- Karl Bokvist
- ABGSC Pulp & Paper Research
- Ali Shemmari
- Henrik Bartnes
- Martin Melbye
- ABGSC Pulp & Paper Research
- Ali Shemmari
- Martin Melbye
SEB informs Millicom (Tigo) it has completed the sale of shares
SEB informs Millicom (Tigo) it has completed the sale of shares SEB informs Millicom (Tigo) it has completed the sale of shares Luxembourg, April 23, 2025 – Millicom International Cellular S.A. (“Millicom”) completed the delisting of its Swedish Depositary Receipts (SDRs) from Nasdaq Stockholm on March 17, 2025, resulting in the Nasdaq Stock Market in the United States being the sole exchange where its common shares are listed. SEB, the SDR program custodian bank, informed Millicom today that it has completed the sale of approximately 5,110,103 shares underlying the SDRs that had not been...
Borregaard ASA: Invitation to Q1 2025 announcement
Borregaard ASA: Invitation to Q1 2025 announcement 23 April 2025: Borregaard ASA (”Borregaard”, OSE ticker: BRG) Presentation of Q1 2025 results Borregaard will report first quarter 2025 results on Wednesday 30 April 2025 at 07:00 CEST. A stock exchange announcement will be made. A press release, the quarterly report and a presentation will be made available on . A presentation of the first quarter 2025 results will also be held at 08:30 CEST at SEB, Filipstadveien 10, Bygg B, Oslo. Attendance in person is possible. The presentation can be followed live on web-TV at . It will be possible...
- ABGSC Financials Research
- Fredrik Flørnes Støle
- Jan Erik Gjerland
- ABGSC Financials Research
- Fredrik Flørnes Støle
- Jan Erik Gjerland
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