Prevas is a Nordic development house with a focus on product and production development. By combining technology and consulting services with digital solutions in data and AI, we help customers in many industries to benefit more from today's technological developments. Prevas was founded in 1985 and has operations in Sweden, Finland, Denmark and Norway.
* Signs of stabilisation but pricing remains pressured * We leave our estimates broadly unchanged * Trading ~25% below Nordic peers A stabilising market, but pricing remains the challenge The technical consulting market has been weaker for longer than...
* Prioritising profitability, targeting 12% EBITA margin * Building on the 15+ years of defence expertise * Disciplined M&A approach, waiting for the right fit A Nordic technical consulting firm Last week, we hosted Prevas CEO Magnus Welén at ABGSC's...
* EBITA margins in line with expectations * Cost focus likely to drive margin uplift in H2 * Trading at 9-6x EV/EBITA on '26e-'27e, 20% below peers Right steps in a cautious market Prevas delivered a stable quarter given the market headwinds the consulting...
* Sales of SEK 426m, organic decline of 3% * Adj. EBITA of SEK 40m, and a margin of 9% * Continued growth within defence, up 22% y-o-y Q1'26 details Prevas reports Q1'26 sales of SEK 426m (-3% vs. ABGSCe 440m), down 1% y-o-y with an organic decline of...
* Likely to see a recovery in the latter half of 2026 * We keep our sales estimates unchanged * Trading ~20% below its peers Specialisation acts as a shield in a soft market Prevas stands out from the wider consulting sector through its specialisation...
* We keep our estimates unchanged... * ...and expect ~10-11% adj. EBITA margins in '26e-'27e * Trading at 9-7x EV/EBITA on '26e-'27e, 15% below peers Closing the year with a somewhat stable quarter Prevas reported sales of SEK 432m, representing broadly...
* Sales of SEK 432m, organic decline of 2% * Adj. EBITA of SEK 35m, and a margin of 8% * Continued demand within defence and cybersecurity Q4'25 details Prevas reports Q4'25 sales of SEK 432m (1% vs. ABGSCe 430m), and organic decline of -2%. Reported...
* 2025 to end on a soft note * We cut '26e-'27e adj. EBITA by 2-4% * Trading at 10-7x EV/EBITA for '26e-'27e A soft quarter awaits Prevas will release its Q4 report on 10 February. We expect a soft quarter, shaped by ongoing market uncertainty. Our sales...