A director at Telefonaktiebolaget L M Ericsson bought 423,497 shares at 79.860SEK and the significance rating of the trade was 67/100. 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 la...
We expect Pandora to report a solid start to the year, with 6.4% LFL growth (consensus 5.6%) in Q1e, but believe focus is more likely to be on the implications (direct and indirect) of tariffs and higher silver prices. However, we believe these concerns are more than priced in after recent share-price weakness. We reiterate our BUY, but have lowered our target price to DKK1,400 (1,550).
Ericsson’s broad-based strength in its Q1 results and supportive Q2 guidance, undemanding valuation, and strong balance sheet could position it as a relative outperformer amid geopolitical uncertainty, in our view. That said, we see challenges mounting for H2e: 1) gross margin headwinds (key for its share price); 2) faded earnings and FCF momentum with -17% adj. EBITA and -32% FCF growth YOY in H2e; 3) low likelihood for share buybacks in 2025e, despite its over-capitalisation; and 4) potential ...
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