DistIT

* '25e-'27e sales down 1-3%* Aurdel comps keep getting easier* '26e EV/sales of just below 0.5x at 1% EBIT margin Q2 report mirrored historical problems Q2 was a bit softer than expected with regards to Aurdel, while Septon carried a more positive impact...

- Figures in line with pre-announcement - Aurdel a little softer than expected - Consensus EBIT estimate revisions likely negative Q2'25 results Q2'25 revenue and adj. EBIT were in line with the pre-announced figures, coming in at SEK 244m and SEK -32m...

Market conditions remain unfavourable for Aurdel Septon divestment carries largest impact on estimates '26e EV/sales of 0.4x at 1% EBIT margin Pre-announced Q2'25 The company has pre-announced its Q2'25 figures in conjunction with an additional (fully...

'25e-'26e EBIT up 6-15% Return to organic growth likely in Q2'25 '25e-'26e EV/EBIT of 14x-6x Starting to benefit meaningfully from restructuring The Q4 report was somewhat better than expected, as Q4 sales were 3% above ABGSCe. It also showed that the...