SRV Group: Prospects remain muted for 2025 - Evli

SRV reports its Q4 figures on 6th of February. We expect slight improvement in adj. profitability year-on-year for Q4. The year 2025 looks rather similar to 2024 as non-residential remains on the driver’s seat. After incorporating the asset sale and other adjustments to our model we revise our TP to EUR 5.2 and update our recommendation to ACCUMULATE (prev. HOLD) to match the updated rating methodology.

Länk till analysen i sin helhet: https://1764719.fs1.hubspotusercontent-na1.net/hubfs/1764719/ERP/Raportit/SRV/SRV%20250131%20Q4%20Preview.pdf