Current weakness offers an opportunity

Q3 results on the soft side

Lower prices, higher margins

Swedish food retail market: +5% in August

Our takes from the CMD

Thoughts ahead of CMD

Swedish food retail market: +6% in July

Back on the share gain train

Results in line but lower quality

Swedish food retail market: +4% in June

A defensive gem in recovery mode

Swedish food retail market: +3% in May

XXL ASA: 3 directors

Three Directors at XXL ASA sold 40,572,464 shares at 10.000NOK. The significance rating of the trade was 89/100. 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 s...

Swedish food retail market: +12% in April

XXL ASA (Hold, TP: NOK11.00) - Encouraging LFL growth

The Q1 results were below expectations, but we find the positive LFL growth encouraging amid challenging winter conditions and years of consecutive negative LFL growth. We have reinstated our recommendation at HOLD (NO REC) and target price at NOK11 (N/A), as the earnings trend remains subdued and near-term multiples and financial risk are high. However, this is partly offset by Frasers' NOK10 per share bid for the company.

XXL ASA (No_rec, TP: NOK) - Q1 below, but back to growth

We consider this a slightly negative report for XXL, including figures below expectations despite revenue growth in a quarter with challenging winter conditions. We expect consensus 2025e EBITDA to come down 3–5% and find a slight negative share price reaction warranted.

A good setup for continuous outperformance

Q1 results in line but good quality

Swedish food retail market: +0% in March

Sweden: the land of opportunity?