Nepa - Marketing measurement on a recurring base
Helps brands to market efficiently through insightsUnderlying ARR +8% y-o-y in 2025 carries into 2026eWe set a fair value range of SEK 17-30Improving ...
Helps brands to market efficiently through insightsUnderlying ARR +8% y-o-y in 2025 carries into 2026eWe set a fair value range of SEK 17-30Improving ...
Focus on the Power segmentSales held up, earnings was weakDivestment of Construction expected to close in Q3Power improves, Construction masks underly...
We cut '26e EBIT by 15% and '27e by 32%Long-term potential still intact, but likely to take more timeEV/EBIT drops from 12.0x in '26e to 5.7x in '28eL...
Dell Storage sales +26% y-o-y driven by data center modernisationDecent correlation to Proact System sales (partner to Dell), positive for Q3-Q4eDeliv...
Sports margin flat y-o-y as FIFA World Cup......did not aid the operations as much as we had expectedTrading 30-35% below peers at 3.8x '26e EV/EBITDA...
H1 above expectations, driven by strong margins and cost controlSoft autumn intake guidance leads to cuts in '26e-'28e estimatesFair value range of NO...
H1 above driven by strong margins and cost control...... but AY 26/27 outlook looks softCons to lower revenue estimates, EBITA offset by cost actionsR...