GRK Infra

The development appears to have remained strong, as the significant guidance increase cannot be explained solely by new business acquisitions.

The target company is highly profitable and will increase GRK's share of private sector customers, thereby reducing its dependence on public projects.

Once launched, the project will support GRK’s volumes by approximately 190 MEUR in the coming years.

In addition to a moderate valuation, the share offers a dividend yield of around 4-5% for the coming years, which we believe raises the total expected return to a very interesting level.

Adjusted EBIT of 5.9 MEUR clearly exceeded the 1.1 MEUR estimate, with the margin rising to 5.3%.