Alcadon: With the focus set, what about M&A? - SEB
23 juni, 12:02
23 juni, 12:02
We expect Alcadon to maintain its focus on cash flow generation and improving profit over working capital, as market conditions overall appear likely to remain subdued. Despite relatively high leverage, we believe Alcadon will continue to pursue selective add-on acquisitions, guided by its profit-over-working-capital approach to capital allocation. We reiterate our mid-point equity valuation of SEK 45.
SEB Research
This research has been commissioned by the company. Only for professional investors resident in EEA member states. Reports may not be distributed to the US or other jurisdictions where to do so would be unlawful. Please see the disclaimer tab for any details of investment banking services recently provided by SEB that could be considered relevant to the subject matter of this research.
23 juni, 12:02
We expect Alcadon to maintain its focus on cash flow generation and improving profit over working capital, as market conditions overall appear likely to remain subdued. Despite relatively high leverage, we believe Alcadon will continue to pursue selective add-on acquisitions, guided by its profit-over-working-capital approach to capital allocation. We reiterate our mid-point equity valuation of SEK 45.
SEB Research
This research has been commissioned by the company. Only for professional investors resident in EEA member states. Reports may not be distributed to the US or other jurisdictions where to do so would be unlawful. Please see the disclaimer tab for any details of investment banking services recently provided by SEB that could be considered relevant to the subject matter of this research.
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