DistIT Group will report Q1 results on 29 April at 08.00 CET. Mainly, we expect increased own brand sales (+13%y/y) and lower A-brand contributions (-3% y/y) to continue to bolster gross margins (+1pp y/y). Adding cost management, we forecast y/y EBIT growth of 39% to SEK 13m (consensus lowered to SEK 11m). We argue the equity is still valued at 7x our 2022 EV/EBIT estimates (after a 186% share performance in the past year). We reiterate our midpoint DCF value of SEK 125.
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