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Seafire: Divests the assets of Hedén Group - ABG

Divests the smallest group company Hedén
Minor effect on estimates, outlook unaffected
Trading at 16-6x P/E, we reiterate our fair value range of SEK 15-25


Divestment of Hedén

Seafire announced in a press release this morning that it has divested the assets of the group's smallest subsidiary, Hedén Group. A goodwill write-down of SEK 12m for this was expensed in Q3 already. The consideration received for the divestment was not announced, but we believe it to have been insignificant. In the first nine months of '23 Hedén contributed sales of SEK 4.4m, and a slight loss, i.e. very insignificant numbers for the group.
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