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DistIT Group: It’s a twist - SEB

DistIT Group has announced a savings programme totalling a net of SEK 30m, impacting its P&L already as of H2 this year. The Q2 results came in ahead of our (downward revised) forecasts and we raise our financial estimates, mainly from higher margin assumptions. Reflecting Q2 management commentaries and our revised projections, we call Q2 as the trough (including for its Efuel division). We set our new DCF-based mid-point value at SEK 16.50 (15).

DistIT Group has announced a savings programme totalling a net of SEK 30m, impacting its P&L already as of H2 this year. The Q2 results came in ahead of our (downward revised) forecasts and we raise our financial estimates, mainly from higher margin assumptions. Reflecting Q2 management commentaries and our revised projections, we call Q2 as the trough (including for its Efuel division). We set our new DCF-based mid-point value at SEK 16.50 (15).
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