Aktuellt
SENASTE
Alcadon's Q4 sales, earnings and cash flow are ahead of our and consensus forecasts. CEO Sonny Mirborn's comments reflect a mixed market outlook, as could be expected, where Germany and Benelux and importantly UK (NWC acquisition) are outperforming (Sweden outlook too "remains positive"). Underlying EBITA of SEK 29m (margin of 6.6%) are 12% ahead of our estimates. OCF improved by c. SEK 33m y/y to SEK 38m. Our current mid-point equity value estimate of SEK 80 is under review.
LÄS MER
