Estimate cuts on Linguacom bankruptcyFollowing the Linguacom bankruptcy, but also to some extent the continued weakness in the consumer businesses, we reduce '23e-'25e sales by 7-8% and EBITA by 17-10%. Despite this, we reiterate our positive outlook on the company as it puts the Linguacom debacle behind itself in the Q2 report, and likely begins delivering substantial EPS in Q3, as a result of the refinancing completed in Q1.Trading below peers despite better estimatesThe share is down 29% YTD and is currently trading at 10x '24e P/E vs. the median of 19x for similar-sized peers, despite higher sales growth and margin expansion estimates. We reiterate our fair value range of SEK 25-30.
Läs mer på ABG Sundal Collier
Aktuellt
SENASTE
