Train Alliance’s performance in 9M/25 was strong, with EBIT growth far outpacing revenue growth. We expect a similar trend in Q4, although earnings visibility remains low. With a solid project pipeline, strong recent activity and potential value from expanding its share of railroad-ready land, Train Alliance appears well positioned to strengthen its presence in key railway hubs. Our fair value range is SEK 21-25 (21-26) per share (midpoint of SEK 23).
LÄS MER
