Accelerating growth on the cards

Sales growth +22%, ARR +14% y-o-y in Q4. We raise estimates on new defence order. Good outlook for accelerating growth and improved cash flow.

Stronger order intake, growth and profitability

Order growth and improved profitability

Q2 in line, awaiting new BAE orders

EBITDA SEK 3m (ABGSCe SEK 2m). ARR grew 14% y-o-y supported by solid order intake. Slight lift to 2023e EBITDA, '24e-'25e flat.

New partnership with General Dynamics

Another step in the right direction

Defense customer expects a surge in orders

Hägglund CEO says effect of war is still ahead of us and expects sales to increase by a factor of eight. Clavister likely to benefit through new orders.