Alcadon: Earnings upgrades follow string of new orders - SEB

Reflecting several new order announcements, mainly within the Danish and German FTTH markets, as well as reduced financial costs (post refinancing), we upgrade our sales and earnings estimates over for 2021-2023. Based on the revised earnings, we arrive at our new mid-point DCF-based equity value of SEK 60 per share (raised from SEK 55 previously). While Q2 performance should be muted, we expect significant growth from Q3 onwards.

Länk till analysen i sin helhet: https://research.sebgroup.com/corporate/reports/109915