Today, GreenMobility's CEO Kasper Gjedsted presented the results achieved in the third quarter of 2024, the reiterated 2024 expectations, and progress on the current strategy transformation, expected to take GreenMobility to a profitable growth company.

H&M released its Q3 report at the end of September. In this interview analyst Rauli Juva summarizes the main takeaway from the report.

Earlier this week, Green Hydrogen Systems announced the initiation of significant cost-out and restructuring initiatives, a need to raise new capital, and a downgrade of its 2024 guidance. After this announcement followed by a significant share price decline this week, the investment case one-pager has been updated.

In the rest of the Nordic countries, organic revenue development turned upwards and profitability was at a reasonably good level in Q2.

Dagens aktienyheder med BioPorto, Pharma Equity Group, GreenMobility og SaaS sektoren

The company revealed first insights to AKI adult study.

I denne uges ”Aktier i Vælten” ser vi nærmere ind på Mærsk aktien, som har svinget kraftigt på spekulationer om en US havnestrejke. Hvad er de store spørgsmål, som markedet stiller sig lige nu, og hvorfor har markedet så svært ved at finde den rigtige pris på selskabet forud for 2025, hvor der igen forventes et drastisk indtjeningsfald? Vi ser desuden ind på værdisætningen af aktien lige nu og fremadrettet.

Today, our SaaS newsletter for September has been sent out. Overall, September was less eventful across the SaaS sector, yet we can look back at the global/US SaaS sector’s Q2 earnings season before we move into the Q3 earnings season. Looking at the median ARR valuation multiple, this is now 6.1x by the end of September (6.2x by the end of August) for the global/US SaaS sector and 3.1x ARR by the end of September 2024 (3.2x ARR by the end of August) for the Danish SaaS sector.

GreenMobility har her til morgen rapporteret Q3 2024 trading statement, der viser en 92% vækst på toplinjen i deres fortsættende forretning svarende til en omsætning på DKK 36,1 mio. i kvartalet. Det er andet kvartal i streg med profitabilitet fra den forsættende forretning, der viser et nettoresultat på DKK 2,4 mio. i Q3 2024.

Dagens aktienyheder med GreenMobility, WindowMaster og mindre og mellemstore banker

Yesterday, WindowMaster announced its third guidance upgrade for 2024. The company now expects an organic revenue growth rate in the range of 13-18% and an EBITDA margin in the range of approx. 11-13%. Accordingly, we have updated our investment case one-pager based on the new guidance ranges, including an updated peer group with valuation multiples.

The September figures for the Swedish clothing market were published this morning. September sales increased by 1%. Due to minor changes made earlier in the year, the cumulative figure for the year was not published, but we also estimate it to be around 1%.

Given the ongoing weak market conditions, which have slowed the pace of divestment processes, and the continued lack of news regarding regulatory approval for the change of control of the key MunmuBaram project, we believe that operational risks have increased. In addition, the falling share price has increased financing risks (equity issue 1-2x current market cap expected in the next ~3-6 months) and is starting to cause uncomfortably high volatility in expected returns and dilution, and we wait for these risks to subside.

Green Hydrogen Systems har her til morgen annonceret et større restruktureringsprogram, hvor 40-50% af omkostningsbasen skæres ned. Strategisk vil selskabet udelukkende fokusere på X-Series fremover. I forbindelse med denne strategiændring nedjusterer Green Hydrogen Systems også 2024 guidance og melder, at man på kort sigt skal hente op til DKK 300 mio. i ny kapital samt potentielt yderligere kapital i samme omfang senere ind i 2025. 

WindowMaster continues its positive momentum, as the company upgraded its 2024 guidance again on revenue and EBITDA this morning.