Ahead of the Q4 results (due 22 February) we cut our sales and mainly gross margin assumptions to reflect macro and consumer headwinds, including the impact of a stronger US dollar in sourcing. As a leading distributor of IT/technology and SDA consumer goods products we reckon the first half of 2023 could be challenging too, albeit mitigated by gradual price increases. We set our revised mid-point equity value at SEK 60 (SEK 75).
LÄS MER