Agtira: New LOIs propel Agtira towards profitability - Emergers

With a third quarter in line with expectations and a cash injection of SEK 70m following a rights issue, Agtira is making significant strides toward becoming THE partner for Swedish grocery food chains. Two new LOIs have been signed, marking Agtira’s entry into new territory with LIDL Sverige and ICA Maxi Hälla. While details are currently limited, 2024 is anticipated to be a pivotal year, where we expect the installation of three new systems, projecting the company’s ARR to reach SEK 97m. We maintain our forecast and fair value range of SEK 14-16 per share over the next 12-24 months.

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