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ABGSC Strategy Research ... (+3)
  • ABGSC Strategy Research
  • Amanda Alla
  • Christer Linde

Two week agenda 31 March-11 April

Nordic reports: Dustin, Stolt-Nielsen, Industrivarden, Atrium Ljungberg, Europris, Tryg

ABGSC IT Research ... (+4)
  • ABGSC IT Research
  • Daniel Thorsson
  • Nikola Kalanoski
  • Simon Granath
ABGSC IT Research ... (+4)
  • ABGSC IT Research
  • Daniel Thorsson
  • Nikola Kalanoski
  • Simon Granath
ABGSC IT Research ... (+4)
  • ABGSC IT Research
  • Daniel Thorsson
  • Nikola Kalanoski
  • Simon Granath
ABGSC Strategy Research ... (+3)
  • ABGSC Strategy Research
  • Amanda Alla
  • Christer Linde

Two week agenda

Nordic reports: Hennes & Mauritz, SkiStar, Tivoli, Amaroq Minerals

ABGSC IT Research ... (+4)
  • ABGSC IT Research
  • Daniel Thorsson
  • Nikola Kalanoski
  • Simon Granath
ABGSC Strategy Research ... (+3)
  • ABGSC Strategy Research
  • Amanda Alla
  • Christer Linde

Weekly agenda: 10 March - 14 March

Nordic reports: Københavns Lufthavne, Sectra, Clas Ohlson, Rusta

ABGSC IT Research ... (+4)
  • ABGSC IT Research
  • Daniel Thorsson
  • Nikola Kalanoski
  • Simon Granath
ABGSC IT Research ... (+3)
  • ABGSC IT Research
  • Daniel Thorsson
  • Nikola Kalanoski
ABGSC IT Research ... (+3)
  • ABGSC IT Research
  • Daniel Thorsson
  • Nikola Kalanoski
ABGSC IT Research ... (+3)
  • ABGSC IT Research
  • Daniel Thorsson
  • Nikola Kalanoski
ABGSC IT Research ... (+3)
  • ABGSC IT Research
  • Daniel Thorsson
  • Nikola Kalanoski

One down, 35 to go

SEK 4.7bn Quebéc deal displays Sectra's exceptional position. Some 35 large-scale contracts are up for grabs in North America. We raise our TP to SEK 330 (300), implying nearly 20% upside.

ABGSC IT Research ... (+3)
  • ABGSC IT Research
  • Daniel Thorsson
  • Nikola Kalanoski

Dependable operating delivery

Pace of cloud implementation to accelerate. Minor EBIT estimate upgrades. We raise our TP to SEK 300 (275), implying nearly 20% upside.

ABGSC IT Research ... (+3)
  • ABGSC IT Research
  • Daniel Thorsson
  • Nikola Kalanoski
ABGSC IT Research ... (+3)
  • ABGSC IT Research
  • Daniel Thorsson
  • Nikola Kalanoski
ABGSC IT Research ... (+3)
  • ABGSC IT Research
  • Daniel Thorsson
  • Nikola Kalanoski

Large contracts in focus

Expect lower growth in FY'25. FY'25e EBIT down 8%, FY'26 EBIT up 4%. We reiterate our SEK 270 TP, implying ~20% upside.

ABGSC IT Research ... (+3)
  • ABGSC IT Research
  • Daniel Thorsson
  • Nikola Kalanoski
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