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Press release

Västra Hamnen Market Focus: Advenica: Filling the pipeline

Advenica
  • Multi-year contracts of MSEK 300 announced in April
  • Lower product sales in Q1
  • We adjust our fair value to SEK 23 (18) per share

Advenica's Q1-report showed disappointing product sales, leading to a lukewarm quarter as a whole. Revenue landed at MSEK 39 versus MSEK 58 a year ago. Despite the report not being too exciting, the contracts entered in April certainly are. The company secured over MSEK 300 in multi-year contracts with Swedish authorities, including its largest deal ever at MSEK 230. New product launches have also broadened the portfolio. We increase our revenue forecasts leading to a revised fair value of SEK 23 per share. 

The full report is available here.

About Market Focus


The research report is prepared as part of Market Focus, Västra Hamnen Corporate Finance's commissioned research offering.

This is a press release from Västra Hamnen Corporate Finance AB. 
Web: vhcorp.se
Twitter: @vhcorp_se (https://x.com/vhcorp_se)