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ABGSC Capital Goods Research ... (+2)
  • ABGSC Capital Goods Research
  • Henric Hintze
ABGSC Capital Goods Research ... (+2)
  • ABGSC Capital Goods Research
  • Henric Hintze
ABGSC Capital Goods Research ... (+2)
  • ABGSC Capital Goods Research
  • Henric Hintze
ABGSC Capital Goods Research ... (+2)
  • ABGSC Capital Goods Research
  • Henric Hintze
ABGSC Capital Goods Research ... (+2)
  • ABGSC Capital Goods Research
  • Henric Hintze
ABGSC Capital Goods Research ... (+2)
  • ABGSC Capital Goods Research
  • Henric Hintze
ABGSC Capital Goods Research ... (+2)
  • ABGSC Capital Goods Research
  • Henric Hintze

Ratos AB: 1 director

A director at Ratos AB bought 15,000 shares at 32.460SEK and the significance rating of the trade was 61/100. 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 show...

ABGSC Capital Goods Research ... (+2)
  • ABGSC Capital Goods Research
  • Henric Hintze
ABGSC Capital Goods Research ... (+2)
  • ABGSC Capital Goods Research
  • Henric Hintze
ABGSC Capital Goods Research ... (+2)
  • ABGSC Capital Goods Research
  • Henric Hintze
ABGSC Capital Goods Research ... (+3)
  • ABGSC Capital Goods Research
  • Henric Hintze
  • Olof Cederholm
ABGSC Capital Goods Research ... (+3)
  • ABGSC Capital Goods Research
  • Henric Hintze
  • Olof Cederholm

Negative share reaction unwarranted

Sales -9% on construction weakness and weather, but EBITA up 2%. We raise EBITA by 2-1% on higher margins and strong C&S orders. Share reaction of -7% unwarranted, as EPS remains intact: BUY.

ABGSC Capital Goods Research ... (+3)
  • ABGSC Capital Goods Research
  • Henric Hintze
  • Olof Cederholm
ABGSC Capital Goods Research ... (+3)
  • ABGSC Capital Goods Research
  • Henric Hintze
  • Olof Cederholm

Revenue slowdown, but earnings resilient

Q2e: sales -3% y-o-y, but adj. EBITA intact as margin expands. Want to see more M&A like the LEDil bolt-on in the quarter. BUY on slow but steady improvements and valuation support.

ABGSC Capital Goods Research ... (+3)
  • ABGSC Capital Goods Research
  • Henric Hintze
  • Olof Cederholm

Improving margins in a weak market

Stronger-than-expected start to the year, but seasonally small quarter. Five new reporting segments make a more sensible structure. Hopeful on structural deals NTM, add-ons and minorities in meantime.

ABGSC Capital Goods Research ... (+3)
  • ABGSC Capital Goods Research
  • Henric Hintze
  • Olof Cederholm
Henric Hintze ... (+2)
  • Henric Hintze
  • Olof Cederholm

Ratos - Ratos completes Semcon bid

96% bid acceptance ‘23e-‘24e sales up 7%, adj. EBITA up 8-9% Reiterate BUY with new TP of SEK 50 (56)

Henric Hintze ... (+3)
  • Henric Hintze
  • Max Bacco
  • Olof Cederholm

Ratos - Possible divestments ahead

Plantagen underperforms, construction & services shines Management opens up for divestments Reiterate BUY, TP to SEK 56 (53)

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