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 PRESS RELEASE

Crayon remporte le titre de Partenaire Microsoft Scale Solutions (LSP)...

OSLO, Norvège--(BUSINESS WIRE)-- Crayon a annoncé aujourd'hui avoir remporté le prix « Scale Solutions (LSP) Microsoft Partner of the Year » de 2024. L'entreprise a été distinguée parmi les meilleurs partenaires Microsoft du monde entier pour avoir fait preuve d'excellence en matière d'innovation et de mise en œuvre de solutions clients basées sur la technologie Microsoft. « Nous sommes très heureux de remporter le Microsoft Partner Award for Scale Solutions (LSP) de 2024, qui marque l'empreinte du leadership de Crayon en tant que fournisseur mondial de services informatiques avec une straté...

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

Nordic Shorts: HTRO & MIPS in focus

Avg. short interest (top 100) 5.8%, unchgd. vs. 1m ago. Most shorted basket (created 24 Mar) has now printed a golden cross. Highlights: Hexatronic and MIPS.

 PRESS RELEASE

Crayon Recognized as the Winner of 2024 Microsoft Scale Solutions (LSP...

OSLO, Norway--(BUSINESS WIRE)-- Crayon today announced it won the Scale Solutions (LSP) 2024 Microsoft Partner of the Year Award. The company was honored among a global field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology. "We are thrilled to win the 2024 Microsoft Partner Award for Scale Solutions (LSP), a reflection of Crayon's leadership as a global IT services provider with a cloud-first strategy,” said Crayon CEO Melissa Mulholland. “Our long-term collaboration with has been pivotal in deliveri...

ABGSC IT Research ... (+2)
  • ABGSC IT Research
  • Øystein Elton Lodgaard

Norway: Rebound to continue

Positive or neutral estimate revisions for most companies. Best risk/reward over Q2 in Crayon, Link, NOD. Top picks: Atea, Crayon, Link, Pexip.

ABGSC IT Research ... (+2)
  • ABGSC IT Research
  • Øystein Elton Lodgaard

Expect a strong Q2 report

Q2e: 8% above cons . on adj. EBITDA, 36% above on op. CF. Margin uplift could drive ~200% EBITA growth until '26e. BUY: 8-14% '24e-'25e FCF to EV yield.

Simen Mortensen
  • Simen Mortensen

Expectations running ahead

We continue to see upside potential for diversified construction (Skanska, NCC and Veidekke), but downside risk for residential developers (YIT, JM, Peab and Selvaag Bolig) that have rallied on improving market expectations while new housing sales remains lacklustre. We await the adaptation of the recently EU-approved Energy Performance of Buildings Directive (EPBD). We see a mixed picture for EPS ahead of the Q2 reporting season. We keep a neutral sector view, and still recommend a stock-pickin...

 PRESS RELEASE

Crayon obtient les compétences SaaS d'AWS, renforçant ainsi son leader...

OSLO, Norvège--(BUSINESS WIRE)-- Crayon, un leader mondial des services informatiques et de l'innovation, a annoncé aujourd'hui avoir acquis la compétence SaaS d'Amazon Web Services (AWS). Cette prestigieuse distinction reconnaît Crayon en tant que doté d'une profonde expérience permettant d'aider les entreprises à concevoir des solutions SaaS (Software-as-a-Service) et Cloud-native sur AWS. « L'acquisition de la compétence AWS SaaS témoigne de l'engagement et de l'expertise de notre équipe dans la fourniture de solutions cloud de premier plan », a déclaré Melissa Mulholland, CEO de Crayon....

 PRESS RELEASE

Crayon Achieves AWS SaaS Competency, Further Cementing Its Leadership ...

OSLO, Norway--(BUSINESS WIRE)-- Crayon, a global leader in IT services and innovation, today announced it has achieved the Amazon Web Services (AWS) SaaS Competency. This prestigious designation recognizes Crayon as an with deep experience helping organizations design software-as-a-service (SaaS) and cloud-native solutions on AWS. “Achieving the AWS SaaS Competency is a testament to our team’s dedication and expertise in delivering top-tier cloud solutions,” said Crayon CEO Melissa Mulholland. “This recognition not only underscores our technical proficiency but also our commitment to helpin...

JM AB: 1 director

A director at JM AB bought 980 shares at 204.000SEK and the significance rating of the trade was 50/100. 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 showing C...

ABGSC IT Research ... (+3)
  • ABGSC IT Research
  • Oscar Rönnkvist
  • Simon Jönsson

Further acceleration in the board game market

Web traffic on leading board game sites grew 13% y-o-y in May. Acceleration vs. 6% growth last month and 0% six months ago. We think Asmodee is even more undervalued after recent pullback: BUY.

ABGSC IT Research ... (+2)
  • ABGSC IT Research
  • Øystein Elton Lodgaard
ABGSC Construct. & Real Estate Research ... (+4)
  • ABGSC Construct. & Real Estate Research
  • Fredrik Stensved
  • Markus Henriksson
  • Viktor Stenlöf

Key takeaways from the Nordic Property Tour 2024

Strong demand in logistics rental market during H1 2024. Residential companies more likely to grow through acquisitions than development. Bond financing margins are converging on bank margins across the sector.

ABGSC IT Research ... (+3)
  • ABGSC IT Research
  • Oscar Rönnkvist
  • Simon Jönsson

Stable PC/Console development in April and May

Market share on Steam up slightly y-o-y in April/May while stable on PlayStation, adjusted for Dead Island 2 last year. FactSet cons. Q1 PC/Console sales (SEK 2.3bn) look reasonable.

Wedbush Research
  • Wedbush Research
O5Q OWENS CORNING
XENE XENON PHARMACEUTICALS INC
V VISA INC. CLASS A
TSCO TRACTOR SUPPLY COMPANY
TRIP TRIPADVISOR INC.
SAGE SAGE THERAPEUTICS INC.
NVCR NOVOCURE LTD.
NBIX NEUROCRINE BIOSCIENCES INC.
HURN HURON CONSULTING GROUP INC.
GOOGL ALPHABET INC. CLASS A
FL FOOT LOCKER INC.
FATE FATE THERAPEUTICS INC
EXPE EXPEDIA GROUP INC.
DECK DECKERS OUTDOOR CORPORATION
BPMC BLUEPRINT MEDICINES CORP.
BIIB BIOGEN INC.
AZO AUTOZONE INC.
ARDX ARDELYX INC
AAP ADVANCE AUTO PARTS INC.
KO COCA-COLA COMPANY
TSC TRISTATE CAPITAL HOLDINGS INC
ORLY O'REILLY AUTOMOTIVE INC.
PK PARK HOTELS & RESORTS INC.
CVCO CAVCO INDUSTRIES INC.
MRSN MERSANA THERAPEUTICS
GTHX G1 THERAPEUTICS
GM GENERAL MOTORS COMPANY
AAPL APPLE INC.
MSFT MICROSOFT CORPORATION
IBM INTERNATIONAL BUSINESS MACHINES CORPORATION
BKNG BOOKING HOLDINGS INC.
RCUS ARCUS BIOSCIENCES
SRRK SCHOLAR ROCK HOLDING CORPORATION
REPL REPLIMUNE GROUP
ARVN ARVINAS HOLDING
YMAB Y-MABS THERAPEUTICS
STRO SUTRO BIOPHARMA
LYFT LYFT
UBER UBER TECHNOLOGIES INC.
CHWY CHEWY INC. CLASS A
STOK STOKE THERAPEUTICS
SWTX SPRINGWORKS THERAPEUTICS
LC LENDINGCLUB CORP
IDYA IDEAYA BIOSCIENCES
GDYN GRID DYNAMICS
BDTX BLACK DIAMOND THERAPEUTICS
ITOS ITEOS THERAPEUTICS
ORIC ORIC PHARMACEUTICALS
ZNTL ZENTALIS PHARMACEUTICALS
BEAM BEAM THERAPEUTICS
COGT COGENT BIOSCIENCES INC
DASH DOORDASH
ABNB AIRBNB INC. CLASS A
IMNM IMMUNOME
VOR VOR BIOPHARMA
WOOF PETCO HEALTH AND WELLNESS
NUVB NUVATION BIO INC (A)
CGEM CULLINAN ONCOLOGY INC
DAWN DAY ONE BIOPHARMACEUTICALS INC
ELEV ELEVATION ONCOLOGY
LBPH LONGBOARD PHARMACEUTICALS
FOUR SHIFT4 PAYMENTS
IKNA IKENA ONCOLOGY INC
TCRX TSCAN THERAPEUTICS INC
HOWL WEREWOLF THERAPEUTICS INC
FLYW FLYWIRE CORP
GLUE MONTE ROSA THERAPEUTICS INC
CMPX COMPASS THERAPEUTICS
GMTX GEMINI THERAPEUTICS INC
CINT CI&T INC
YOU CLEAR SECURE INC
TOST TOAST INC
HR HEALTHCARE TRUST OF AMERICA INC.
EWTX EDGEWISE THERAPEUTICS INC
NUVL NUVALENT INC
EMBRAC B EMBRACER GROUP AB
ABGSC IT Research ... (+3)
  • ABGSC IT Research
  • Oscar Rönnkvist
  • Simon Jönsson

Soft Q1 guidance raised the stakes for H2

Mixed Q4, but a small step in the right direction. The FCF story for FY24/25 still intact, but a tad more H2-weighted. Keep BUY: 7-6x adj. EBIT '24/25e-'26/27e, 10-11% FCFy ex earn-outs.

Michael Pachter ... (+2)
  • Michael Pachter
  • Nick McKay
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