We cut ’22e, ‘23e, and ‘24e sales by 3%, 3% and 6% Although Litium’s e-commerce clients are outperforming their underlying markets, their growth rates and client acquisition are not immune to weaker consumer sentiment. This along with lower-than-expected sales in Q2 leads us to cut ‘22e-‘24e sales by 3%, 3% and 6%. We also cut ‘22e-‘24e opex by 1%, 4% and 7% on its initiative to turn profitable in the near term. As such, we adjust ‘22e-24e EBITDA by -74%, -5% & +12%.
New fair value range of SEK 13-35 per share on lower ests. In terms of outlook, Litium is well-positioned to accelerate growth in the coming years. There is a major opportunity in the B2B sector, which is relatively less penetrated. Litium has a strong market position with great market fit in that segment of the market and should be ... Läs mer på ABG Sundal Collier
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