Tekova’s Q1 results exceeded expectations, reinforcing confidence that operating profit will land in the upper half of guidance. Combined with reduced earnings risk and an undemanding valuation, this supports an upgrade to BUY.
Tekova’s Q1 results exceeded expectations, reinforcing confidence that operating profit will land in the upper half of guidance. Combined with reduced earnings risk and an undemanding valuation, this supports an upgrade to BUY.
Tekovas omsætningsudvikling i første kvartal var klart stærkere end vores forventninger. Vi forventer dog, at udviklingen vil aftage fra andet kvartal og frem, da sammenligningsperioderne bliver mere udfordrende.
Tekova Q1 result was strong start to the year. Revenue, EBIT and EPS all exceeded estimates.
Den hurtige afvikling af ordrebeholdningen drev omsætningen til en vækst på 17 %, hvilket klart oversteg vores estimater.
We expect modest revenue growth in Q1, supported by project completions, but with some near-term margin pressure from recent investments.
Vi estimerer, at rentabiliteten forbliver på et godt niveau, selvom vores estimater ligger under sammenligningsperiodens meget stærke margin.
Tekovas første kvartal var ifølge vores investeringsbetragtning kommercielt stærkt.
I gennemgangen blev estimaterne for påbegyndelse af boligbyggeri for indeværende år reduceret betydeligt.
Tekova’s Q4 was strong but EBIT guidance for 2026 was wide. Current year is likely to be a gap year after very strong 2025, but it will reveal the profitability of real estate development. A high dividend yield of almost 7% supports positive rating, ...
I lyset af den hurtige omsætning af ordrebogen sidste år og selskabets guidance har vi sænket vores estimater for indeværende år.
Profitability was mainly in line with our expectations and didn’t offer surprises. Guidance range for the revenue was as expected but EBIT guidance range is quite wide and below our estimates.
Forventningerne til 2026 afspejler en udfladning efter et usædvanligt stærkt vækstår.
Tekova offentliggør sin årsrapport for 2025 torsdag den 12. februar 2026.
We initiate coverage of Tekova with a BUY rating and a target price (TP) of EUR 1.7. We estimate that Tekova will increase its profitability in 2026, when its announced self-developed projects are completed. The current valuation implies a significant...
