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Agtira: Capitalizing on rising global focus on food tech - Emergers

Agtira continues to build momentum in its roll-out. The LOI with Greenfood now has turned into a framework agreement for the construction of at least ten vegetable systems over three years, with an indicative order value of SEK 50-100m, and the first InStore has now been up and running at ICA Maxi Sundsvall for almost two months. In addition, the orders of three Agtira Herbs systems we believe will both lower the threshold for new firm orders and open doors into new markets. With an eventful second half of 2022 ahead, with a financing solution and new orders as primary triggers, we continue to see support for a fair value of SEK 32-46 per share in 12-24 months.

Agtira continues to build momentum in its roll-out. The LOI with Greenfood now has turned into a framework agreement for the construction of at least ten vegetable systems over three years, with an indicative order value of SEK 50-100m, and the first InStore has now been up and running at ICA Maxi Sundsvall for almost two months. In addition, the orders of three Agtira Herbs systems we believe will both lower the threshold for new firm orders and open doors into new markets. With an eventful second half of 2022 ahead, with a financing solution and new orders as primary triggers, we continue to see support for a fair value of SEK 32-46 per share in 12-24 months.
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