Arise: Boosted by Kölvallen sale - ABG
Q3 due on Wednesday, 9 November
Sale of Kölvallen the key EBIT driver
Share trading at ~3x adj. EV/EBIT on 2023e
Q3’22 expectations
We expect Arise to deliver a solid Q3 report, with the announced sale of Kölvallen (277 MW) the main driver, adding SEK 795m / EUR 75m to group sales of SEK 848m (SEK 117m in Q3’21). We foresee a group EBIT of SEK 701m with an EBIT margin of 82.7%, resulting in a net profit of SEK 689m.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/arise/Equity-research/2022/11/arise---boosted-by-kolvallen-sale/