Free2Move: High-growth niches within energy efficiency - Emergers

With unpredictable energy prices and an urgent green transition, the need for energy efficiency measures has never been higher. Through its comprehensive offering, Free2Move can reduce property energy input by 50%. With two strategic acquisitions, half-year sales now at 3x current market cap, and a substantial SEK 42m order backlog, Free2Move is poised for profitable growth. Projecting sales of SEK 70m in 2023 and SEK 90m in 2024, we find support for a fair value range of SEK 0.24-0.29 per share, over the next 12-24 months.

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