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Bredband2: Value Accretive Acquisition - Redeye

Redeye returns with an update on Bredband2's acquisition of Stockholm Stadsnät AB with a positive view. Following the acquisition, we increase our sales forecast by 3% for 2024e, implying a y/y sales growth of 6.8%, while adding 4% on 2024e EBITDA. Our estimate changes lead to an increased base case valuation.

Redeye returns with an update on Bredband2's acquisition of Stockholm Stadsnät AB with a positive view. Following the acquisition, we increase our sales forecast by 3% for 2024e, implying a y/y sales growth of 6.8%, while adding 4% on 2024e EBITDA. Our estimate changes lead to an increased base case valuation.
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