Analyser av Awardit

Awardit: Sales and adj. EBITA beat, strong FCF - ABG

Sales 5% vs. ABGSCe, adj. EBITA 7% vs. ABGSCe No material estimate changes Trading at 9-6x EV/EBITA on '24e-'26e (8-11% FCF yields) Adj.

ABG Sundal Collier • 08 May 07:31

Awardit: Continued stabilisation in sight - ABG

- Q1e: -2% organic growth, adj. EBITA +12% y-o-y - We cut adj.

ABG Sundal Collier • 30 Apr 06:55

Awardit: Sales and EBITA in line, FCF softer - ABG

Adj. EBITA of SEK 63m, 0% vs. ABGSCe in Q4 FCF was softer because of negative working capital effect EBITA ests -4-5%; share is trading at 4...

ABG Sundal Collier • 21 Feb 07:29

Awardit: A stable quarter excl. Denmark turbulence - ABG

Q4 due on 20 February; we forecast -2% org. growth EBITA cut 1% on '24e-'25e because of FX 4.

ABG Sundal Collier • 22 Jan 14:27

Awardit: Internal audit conclude errors in MBXP - ABG

Revises MBXP financials, takes SEK 43m loss MBXP earnout reduced from SEK 125m to zero, lifts net cash Expect slight est cuts on lower long-...

ABG Sundal Collier • 19 Dec 2023 09:27

Awardit: Soft Q3 has raised the stakes for Q4 - ABG

Continued headwinds in Denmark and Germany in Q3 Underlying '24e-'25e EBITA cut 12-9%, but neutral incl.

ABG Sundal Collier • 03 Nov 2023 08:07

Awardit: Miss driven by weaker margins in Gift Cards - ABG

Adj. EBITA SEK 12m, -50% vs. ABGSCe SEK 24m MBXP continued to hold back profitability, sales in line Consensus est's to come down 7-8% on '2...

ABG Sundal Collier • 02 Nov 2023 09:28

Awardit: Acquires a major competitor in DACH - ABG

Acquires IPO Prämien Services for EUR 7.8m Implied multiple of 16x-4x EBITDA on '22/23-'21/22 Could add 8% to 2042e adj.

ABG Sundal Collier • 27 Oct 2023 08:37

Awardit: SEK 4.4m write-down of bad debt - ABG

• Reserves SEK 4.4m after Paygoo partner files for bankruptcy • Consensus 2023e EBITDA affected by ~4% • No further estimate revisions expec...

ABG Sundal Collier • 26 Sep 2023 09:18

Awardit: Soft Q2 but looks set to improve - ABG

Margin pressure to persist but fade in coming quarters We cut EBITA by 16%, 8%, and 7% for '23e-'25e Share trading at 8x FCF and 6x EBITA on...

ABG Sundal Collier • 16 Aug 2023 10:15

Awardit: Weak EBITA as expected, FCF stronger - ABG

EBITA -50% vs. ABGSCe, in-line with PW Solid FCF driven by positive WC development Conference call at CET 10.

ABG Sundal Collier • 15 Aug 2023 08:58

Awardit: Profit warning, weaker profitability in MBXP - ABG

• Pre-announces Q2, EBITA SEK 14m vs. ABGSCe SEK 28m • Lower profitability in MBXP behind the miss • Cons.

ABG Sundal Collier • 10 Aug 2023 07:28

Awardit: Another quarter of stable growth - ABG

• Q2 results due on 15 August • Expected to maintain stable organic growth of 5% • We also forecast slight pressure on profitability Expect ...

ABG Sundal Collier • 19 Jul 2023 07:14

Awardit: Key clients continue to invest more in loyalty - ABG

Solid org. growth of 12%, but a tad weaker profitability Adj.

ABG Sundal Collier • 10 May 2023 07:40

Awardit: Solid Q1 and positive outlook, slight miss on high D&A - ABG

Q1 adj. EBITA 11.5m vs. ABGSCe 13.5 Strong operational development and outlook No material changes to consensus estimates Organic growth st...

ABG Sundal Collier • 09 May 2023 09:25

Awardit: Organic growth to continue being solid in Q1 - ABG

Q1e: 10% org. growth and margin expansion y-o-y Integration of Connex likely to hold back profitability 17% EBITA/sh CAGR in '22-'25e, tradi...

ABG/Introduce • 05 May 2023 07:26

Awardit: A gift that keeps on giving - ABG

Q4'22 was strong across the board Expect strong organic growth and margin improvements 18% EBITA/sh CAGR ('21-'25e) trading at 11x EBITA '23...

ABG Sundal Collier • 27 Feb 2023 13:43

Awardit: Beat on sales and EBITA, strong FCF - ABG

Q4 EBITA SEK 58m (+9% vs. ABGSCe) Organic growth was 21% vs.

ABG Sundal Collier • 24 Feb 2023 09:16

Awardit: Restoring confidence with a strong Q2 - ABG

EBITA +77% vs. ABGSCe, 20% organic growth Positive wording around M&A Share trades at 9.

ABG Sundal Collier • 22 Aug 2022 07:17

Awardit: Very strong report - ABG

Reported EBITA of SEK 28m, +74% vs. ABGSCe Back to normal sooner than expected Share trading at 8x EV/EBITA on 2023e Q2 details Sales SEK 19...

ABG Sundal Collier • 19 Aug 2022 09:18

Awardit: ABGSC’s Investor Days feedback - ABG

Temporary issues isolated to H1, back to normal in H2 Organic development continues to be strong We are optimistic about the growth prospect...

ABG Sundal Collier • 25 May 2022 08:53

Awardit: Short-term issues but long-term outlook solid - ABG

Q1 EBITA hit by temporary problems in Germany Client activity in Germany to return to normal in H2’22e Share trades at 14x-9x EV/EBITA on 2...

ABG Sundal Collier • 16 May 2022 07:42

Awardit: Q1 on the softer side - ABG

Q1 sales -15% vs. ABG, EBITA margin 3% vs. ABG 12% Consensus estimates to come down Conference call at 10:00 CET Q1 details Sales of SEK 16...

ABG Sundal Collier • 13 May 2022 09:40

Awardit: The gift that keeps on giving - ABG

Solutions that drive employee and customer retention Impressive combination of organic growth and M&A 32% EBITA CAGR ’21e-’23e; 16.

ABG/Introduce • 08 Sep 2021 08:19

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