Copyright © Inderes 2011 - present. All rights reserved.
  • Seneste
  • Markeder
    • Aktieoversigt
    • Finanskalender
    • Udbyttekalender
    • Research
    • Artikler
  • InderesTV
  • Forum
  • Om os
    • Fulgte selskaber
    • Team
Eksterne analyser

Eastnine: Operationally sound - ABG

Eastnine

Dette er en ekstern analyse og afspejler ikke nødvendigvis vores perspektiv eller værdier.

Download analyse (PDF)
Minor negative revisions following Q1 report
Earnings growth of ~40% in '25e
Trading ~20% below sector average on P/CEPS


We trim our CEPS forecasts by 3% for '26e-'27e

Eastnine delivered a Q1 report with adj. recurring PTP -9% vs. ABGSCe (rental income included a positive one-off of EUR 0.13m), where most items were slightly below our expectations. The earnings capacity was solid and increased 2.3% q-o-q, but it could not fully offset, which leads us to trim our CEPS by ~3% for '26e-'27e. Value changes were solid (up 2.1%), driven by higher market rents in Warsaw and lower valuation yields in Poland. Management also highlights positive underlying demand in its markets. Poland/Lithuania/Latvia have seen their real GDP growth clearly outperform the European average during the past ~25 years, and macro forecasts imply continued outperformance in the next ~4-5 years.
Find os på de sociale medier
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Tag kontakt
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • Om os
  • Vores team
  • Karriere
  • Inderes som en investering
  • Tjenester for børsnoterede virksomheder
Vores platform
  • FAQ
  • Servicevilkår
  • Privatlivspolitik
  • Disclaimer
Inderes’ ansvarsfraskrivelse kan findes her. Detaljeret information om hver aktie, der aktivt overvåges af Inderes og HC Andersen Capital, er tilgængelig på de virksomhedsspecifikke sider på Inderes' hjemmeside. © Inderes Oyj. All rights reserved.