Careium: Slow Swedish market remains - SEB
26 juni, 07:23
We expect Q2 to be a slow quarter with -5% organic growth, driven by low activity in Sweden. With the start date for the new Swedish frame agreement being delayed, we believe Sweden is likely to remain subdued, hence we now see only 3% EBIT growth in 2025, despite other regions performing well. We lower 2025E EBIT by 2% and derive a new DCF fair-value range of SEK 35-43 (36-44). The shares trade at a 2025E EV/EBITA of 10x
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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Careium: Slow Swedish market remains - SEB
26 juni, 07:23
We expect Q2 to be a slow quarter with -5% organic growth, driven by low activity in Sweden. With the start date for the new Swedish frame agreement being delayed, we believe Sweden is likely to remain subdued, hence we now see only 3% EBIT growth in 2025, despite other regions performing well. We lower 2025E EBIT by 2% and derive a new DCF fair-value range of SEK 35-43 (36-44). The shares trade at a 2025E EV/EBITA of 10x
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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