Bildkälla: Stockfoto

Raketech: Convincing growth outside the Nordics - Nordea

Raketech's Q1 report came in above our expectations on both revenue and EBITDA, with adjusted EBITDA growing by ~17% y/y to EUR 3.2m. We believe that it is highly encouraging to see Raketech now having 35% of revenue outside the Nordics, with substantial exposure to growth markets such as the US, Japan and Canada. We expect the strong growth to continue in Q2 and we forecast 21% y/y growth (19% organic) to EUR 8.5m in the quarter. Raketech's turnaround is convincing and we raise our DCF- and multiples-based fair value range to SEK 20.6-33.6 (20.2-33.4). - Marketing material commissioned by Raketech Group Holding.

Raketech's Q1 report came in above our expectations on both revenue and EBITDA, with adjusted EBITDA growing by ~17% y/y to EUR 3.2m. We believe that it is highly encouraging to see Raketech now having 35% of revenue outside the Nordics, with substantial exposure to growth markets such as the US, Japan and Canada. We expect the strong growth to continue in Q2 and we forecast 21% y/y growth (19% organic) to EUR 8.5m in the quarter. Raketech's turnaround is convincing and we raise our DCF- and multiples-based fair value range to SEK 20.6-33.6 (20.2-33.4). - Marketing material commissioned by Raketech Group Holding.
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