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DistIT Group: Reset and restore - SEB

DistIT Group – a leading distributor of IT/Tech and small domestic appliances (SDA) in the Nordic region – has issued 2024 guidance for EBITDA of SEK 40-80m based on sales of SEK 2.3-2.5bn. We cut our forecasts accordingly. The pending renegotiation of bond terms would improve 2024 cash flow by SEK 60m. Based on our revised forecasts, we set our new mid-point at SEK 12.50 (15). At current share levels, DistIT is trading at 10x our EV/EBITA estimates.

DistIT Group – a leading distributor of IT/Tech and small domestic appliances (SDA) in the Nordic region – has issued 2024 guidance for EBITDA of SEK 40-80m based on sales of SEK 2.3-2.5bn. We cut our forecasts accordingly. The pending renegotiation of bond terms would improve 2024 cash flow by SEK 60m. Based on our revised forecasts, we set our new mid-point at SEK 12.50 (15). At current share levels, DistIT is trading at 10x our EV/EBITA estimates.
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