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ABGSC Renewable Energy Research ... (+3)
  • ABGSC Renewable Energy Research
  • Åsne Holsen
  • Daniel Vårdal Haugland
ABGSC Capital Goods Research ... (+4)
  • ABGSC Capital Goods Research
  • Anders Idborg
  • Karl Bokvist
  • Olof Cederholm
ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Oliver Dunvold
  • Petter Haugen

ABGSC Shipping Daily 24 April

Tankers and LPG down, mixed dry bulk market. Shipping peer group trades at P/NAV 0.81x. HAUTO Q1: Red Sea diversions is a smaller problem than expected.

ABGSC Credit Research ... (+7)
  • ABGSC Credit Research
  • Andreas Johannessen
  • Bendik Fougner Engebretsen
  • Glenn Kringhaug
  • Haakon Amundsen
  • Patrik Brattelius
  • Son Thanh Luu

High Yield Bonds Daily

Intrum, Heimstaden Bostad, Heimstaden AB, Pandion

ABGSC IT Research ... (+3)
  • ABGSC IT Research
  • Alice Beer
  • Nikola Kalanoski
ABGSC Services Research ... (+4)
  • ABGSC Services Research
  • Julia Sundvall
  • Simon Jönsson
  • Stefan Knutsson
ABGSC Financials Research ... (+2)
  • ABGSC Financials Research
  • Jan Erik Gjerland
ABGSC Online Gaming Research ... (+3)
  • ABGSC Online Gaming Research
  • Oscar Rönnkvist
  • Simon Jönsson
ABGSC Construct. & Real Estate Research ... (+4)
  • ABGSC Construct. & Real Estate Research
  • Fredrik Stensved
  • Markus Henriksson
  • Viktor Stenlöf
ABGSC Financials Research ... (+5)
  • ABGSC Financials Research
  • Albert Broock
  • Jan Erik Gjerland
  • Magnus Andersson
  • Patrik Brattelius
ABGSC Online Gaming Research ... (+3)
  • ABGSC Online Gaming Research
  • Oscar Rönnkvist
  • Simon Jönsson
ABGSC Shipping & Transport Research ... (+2)
  • ABGSC Shipping & Transport Research
  • Peter Sehested
ABGSC Construct. & Real Estate Research ... (+4)
  • ABGSC Construct. & Real Estate Research
  • Fredrik Stensved
  • Markus Henriksson
  • Viktor Stenlöf
ABGSC Services Research ... (+2)
  • ABGSC Services Research
  • Stefan Knutsson

Sales miss offset by better cost control

Q1 EBITA in line with Infront consensus. Orders up 5% q-o-q gives hope of H2 recovery. We lower '24e EBITA by 1%.

ABGSC Capital Goods Research ... (+3)
  • ABGSC Capital Goods Research
  • Adrian Gilani
  • Henric Hintze
ABGSC Capital Goods Research ... (+4)
  • ABGSC Capital Goods Research
  • Anders Idborg
  • Karl Bokvist
  • Olof Cederholm
ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Oliver Dunvold
  • Petter Haugen

Red Sea diversions is a smaller problem than expected

EBITDA USD 162m (ABGSC USD 149m, cons USD 167m). Red Sea annual volume loss of "800 000-900 000 cbm" . Share price up 1-3%.

ABGSC Financials Research ... (+3)
  • ABGSC Financials Research
  • Jan Erik Gjerland
  • Patrik Brattelius
ABGSC Financials Research ... (+5)
  • ABGSC Financials Research
  • Albert Broock
  • Jan Erik Gjerland
  • Magnus Andersson
  • Patrik Brattelius
ABGSC Capital Goods Research ... (+3)
  • ABGSC Capital Goods Research
  • Benjamin Wahlstedt
  • Fredrik Ivarsson
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