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Alcadon has received a UK order totaling GBP 3.7m (SEK 50.5m) to supply Legrand cabinets, hot aisle containment, and power distribution units for a new build data centre. Delivery is expected during Q4 2023 and Q1 2024, with invoicing during Q1 2024. Based on today's exchange rate, this would add SEK 50.5m in 2024 (2024E: 3%) and assuming margins of 10%, SEK 5m to annual EBIT in the same year (2024E: 4%). On unchanged estimates our midpoint valuation is SEK 100.
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