Projektengagemang: Navigating headwinds - SEB
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Projektengagemang: Navigating headwinds - SEB

Projektengagemang’s (PE) Q4 figures came in better than anticipated on the top line but profitability lagged behind. We think market conditions may remain challenging for longer and therefore profitability improvement may take longer to fully come through. We adjust our estimates accordingly and assume a more cautious margin profile ahead. We set a new fair value range of SEK 7-13 (10-17) per share.

Projektengagemang’s (PE) Q4 figures came in better than anticipated on the top line but profitability lagged behind. We think market conditions may remain challenging for longer and therefore profitability improvement may take longer to fully come through. We adjust our estimates accordingly and assume a more cautious margin profile ahead. We set a new fair value range of SEK 7-13 (10-17) per share.
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