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Alcadon Group: Stacking growth to its tally - SEB

Alcadon Group, a leading distributor of network equipment in the premium segment of the market, recorded solid organic sales growth of 13% for Q1 (accelerating from 5% y/y growth in Q4/21). CEO Sonny Mirborn reiterates plans to start deliveries in its major frame agreements in June/July this year (we reckon Q3 and Q4 respectively, lifting group y/y organic growth rates to 46% and 39%). In all, we forecast sales to reach about SEK 1bn in 2022.

Alcadon Group, a leading distributor of network equipment in the premium segment of the market, recorded solid organic sales growth of 13% for Q1 (accelerating from 5% y/y growth in Q4/21). CEO Sonny Mirborn reiterates plans to start deliveries in its major frame agreements in June/July this year (we reckon Q3 and Q4 respectively, lifting group y/y organic growth rates to 46% and 39%). In all, we forecast sales to reach about SEK 1bn in 2022.
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