NYAB: Builder of the green revolution - ABG
A niched construction company focused on the green transition
Smart project selection, and a variable cost structure
Fair value range of SEK 5.5-7.5, implying a 16-20x '25e EV/EBIT
Building the infrastructure for the green transition
NYAB is a specialised contractor of infrastructure and energy projects in Sweden and Finland. It assumed its current form in the spring of 2022 through a reverse takeover of the listed Finnish company Skarta Group. In June 2024, the company moved its headquarters to Luleå and relisted its shares on the First North Premier Growth Market Stockholm after previously being listed in Finland. The group is headed by its founder and major shareholder, CEO Johan Larsson.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/nyab/Equity-research/2024/9/nyab---builder-of-the-green-revolution/