Auroora Group

We expect revenue to grow by 27%, driven by acquisitions and double-digit organic growth.

We believe that BRIX Facades is a good fit for Auroora's profile.

Two acquisitions in two days add just below 17 MEUR in annual revenue.

The acquisition of the Labko business will increase the Group's revenue by ~4%.

Large owners sold 3.9% of the shares at a 10% discount, creating short-term downward pressure on the stock.

Auroora's Q2 figures clearly exceeded our estimates.

We forecast revenue to have grown rapidly, driven by acquisitions and strong organic growth.

We find the target a very logical addition and typical in size for Auroora.