Takeaways from Investor Days seminar
We hosted Svedbergs Group CEO Per-Arne Andersson at our Investor Days seminar on Thursday, 23 Nov. Mr. Andersson spoke at length about the Group's transition away from a single-brand company to becoming more geographically diverse, something that he has identified as the biggest misunderstanding in the case. While the Swedish market has been soft on the slowing housing market, other markets have fared better (e.g. the UK market is expected to decline by just ~10% in '23) which has functioned as a hedge in the past year. The strategy of diversifying the company continues with the expansion to the Netherlands, and it was stated that Svedbergs continues to evaluate potential acquisitions.
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