USWE Sports

* Demand remains strong despite continued D2C sales issues * Synergy effects after the acquisition of Giant Loop starting to form * We maintain our valuation interval of SEK 73.00 – 92.00 per share USWE reported sales as expected, but lower profitability...

* Demand strong despite slightly lower-than-expected sales* Acquisition of Giant Loop for SEK 30 million announced* We maintain our valuation interval of SEK 73.00 – 92.00 per shareUSWE’s report for Q1 2022/23 showcased a revenue and profitability that...

* Low cash holdings likely to recover during coming quarters* Marketing spend set to increase as sporting events return* We maintain our valuation interval of SEK 73.00 – 92.00 per shareUSWE reported lower net sales compared to our estimate for Q4 of...

* Revenue once again beats our forecast* Improvements made to D2C platform* We maintain our valuation interval of SEK 73.00 – 92.00 per shareUSWE’s report for the third quarter of fiscal year 2021/22 showcased stronggrowth and continued expansion for...

* Adjusted revenue beats our forecast* Acquisition of VOID Cycling completed* We maintain our valuation interval of SEK 73.00 – 92.00 per shareUSWE’s quarterly report for Q2 2021/22 was roughly in line with our forecastand reaffirms the company’s future...