With VNV announcing that the sale of Gett will not proceed to closing, we see the portfolio remaining concentrated around three key assets, with a decisive tilt toward mobility (c. 60% of Q1 GAV). In Q2/25E, we anticipate attention will thus shift back to the balance sheet and VNV’s strategic focus ahead. We slightly raise our NAV estimate to SEK 39 (35), reflecting listed peers trading up, deriving a fair equity value per share of SEK 23-31 (21-28).
LÄS MER
