Revenues up 33% y-o-y, driven by M&AHigher goodwill amortisation behind revision‘22/’23e EV/EBIT of 8x, 15% FCF yieldQ4: Adj. EBITA margin of 3.1% (0.1%)Cedergrenska reported solid Q3 numbers, with revenues of SEK 217m (163m) up 35% y-o-y, mainly driven...

Revenues up 35% y-o-y, driven by M&ADelayed license process behind sales revisions‘22/’23e EV/EBIT of 7x, 17% FCF yieldQ3: Adj. EBITA margin of 10.3% (8.3%)Cedergrenska reported solid Q3 numbers, with revenues of SEK 206m (153m) up 35% y-o-y, mainly ...

Lower short-term profitability, should recover in H2 Positive revisions from acquisitionWe slightly lower our DCF assumptionsQ2: Sales growth of 25% y-o-y, EBITA margin of 5.4% (10.3%)Cedergrenska reported Q2 ‘21/’22 sales of SEK 186.9m (150.1m), corresponding...

Today ABG Sundal Collier sponsored research initiates coverage of Cedergrenska. Cedergrenska is a Swedish independent educational provider founded in 2007. It offers a broad range of education, from preschools to higher vocational education. The majority...