contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


ogunsen-carrying-capacity-for-when-demand-turns-abg

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Ogunsen is a staffing company. The company specializes in hiring out workers to the banking and finance sector. The company's operations are mainly focused on hiring, recruitment and career guidance in major corporate restructurings. The largest operations are in major Swedish cities. The company was founded in 1993 and has its headquarters in Stockholm.

Ogunsen

* An organic decline of 3% in Q3* We cut sales estimates by 4-2% for '26e-'27e* Positioned for a market recovery in '26eQ3 numbers: low utilisation to weigh on resultsOgunsen reported sales ...

* An organic decline of 3% in Q3* We cut sales estimates by 4-2% for '26e-'27e* Positioned for a market recovery in '26eQ3 numbers: low utilisation to weigh on resultsOgunsen reported sales of SEK 100m, a decrease of 3% y-o-y. Consulting revenues were flat y-o-y at SEK 94m (94% of total sales), while recruitment declined 30% y-o-y, to SEK 6m. The quarter was marked by continued low utilisation, although the number of consultants on assignment increased y-o-y, which we believe marks an early sign of improving demand. EBIT came in at SEK 6m, with a 6% margin. The company continues to carry excess capacity, maintaining a larger workforce than current demand supports. The average headcount declined by 5% y-o-y to 344 FTEs in Q3, which might reflect natural attrition rather than active downsizing.We cut estimates and expect market tailwinds in '26eDue to the recent change of analyst and subsequent review of estimates, we cut sales estimates by 4-2% for '26-'27e and cut EBIT by ~20% for the same period. Looking at '26e, we believe Ogunsen will have a sales increase of 3%, driven by better calendar effects and better utilisation. We believe the company will reach EBITDA margins of 9%, supported by operational leverage.Early signs of momentumConsulting demand strengthened through the quarter, while recruitment remains soft. Net FTEs declined y-o-y and we expect net recruitment to remain muted in Q4 as well. That said, we believe the market will start stabilising in H1'26, which should lead to positive organic growth for the company. We also see this as cyclical in the market, rather than structural. Ogunsen is trading at a 10x EV/EBIT for '26e, and has a net cash position, which provides a solid foundation as market conditions improve.