Aktieanalys

Ferronordic: Major acquisition of US-based VCE dealer - ABG

ABG Sundal Collier Publicerad: 14 Nov 2023 08:40

Acquires US-based VCE dealer Rudd (+124% to PF'23e sales)
6.8x acquisition EV/EBIT, PF'23e EV/EBIT goes to 10.6x
Marks a return to profitability for Ferronordic

Acquires US-based VCE dealer Rudd, +124% to PF'23e sales

Ferronordic has acquired US-based Volvo CE (VCE) dealer Rudd, adding 124% to PF'23e sales (on a USD/SEK rate of 10.86), and taking PF'23e EBIT to +145m (current estimate -34m). Rudd is one of VCE's largest US dealers, active in 9 states, with '22 revenues of USD 308m (8% '19-'22 sales CAGR) and EBIT of USD 16.5m (5.4% margin), of which 70% is from VCE and remaining from other brands (Hitachi, Sandvik, and Link-Belt).

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/ferronordic/Equity-research/2023/11/ferronordic---major-acquisition-of-us-based-vce-dealer/

Nyheter om Ferronordic

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!