Aktieanalys

Boreo: Looking for first signs of a softer market - Nordea

Nordea Publicerad: 04 Aug 2023 07:56

Ahead of Boreo's Q2 report, we incorporate the Delfin Technologies acquisition into our estimates and take a slightly more cautious view on the market development. A slowdown in construction markets has continued, while we note a weakening order intake trend among capital goods companies. The company will likely continue making acquisitions after Delfin, although we do not expect any significant M&A in 2024 owing to its increased leverage. Following the SANY exit in Finland and Sweden, Boreo should be well positioned to continue making acquisitions. Based on underlying operations and M&A value-creation opportunities, we derive a slightly lower fair value range of EUR 40-48 (44-53) per Boreo share.

Marketing material commissioned by Boreo.

Länk till analysen i sin helhet: https://research.nordea.com/api/reportfileapi?id=862731

Nyheter om Boreo

Läses av andra just nu

Innehåller annonslänkar. Investeringar innebär risk (se här)

Tips: 50% rabatt hos fondroboten Opti

Dags att komma igång med sparande? Fondroboten Opti erbjuder en populär spartjänst som är perfekt för regelbundet månadssparande. Just nu får nya kunder som använder Börskollens unika kampanjkod BORSKOLLEN50 automatiskt 50 % rabatt på Optis avgift i 3 månader!