Aktuellt
SENASTE
Ahead of Nelly Group's Q1 report (due 26 April, 08.00 CET), we keep our forecasts unchanged and reiterate our mid-point equity value of SEK 29 (range SEK 22-36). While Q1 is a seasonally weak period, we expect a material y/y improvement in LBIT reflecting its strategic focus on profitable sales, expanding GMs and cost management. We are looking for Q1 sales of SEK 212m and LBIT of SEK 15m (Q1/23: SEK 29m). At current levels, the shares trade at 0.3x EV/Sales our 2024 estimates.
LÄS MER
