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

Projektengagemang: Still waiting for a recovery - ABG

Projektengagemang Sweden

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

Download analyse (PDF)
Q2 momentum gone in Q3
Market to turn positive in '25, according to report
We lower '25e EBITA by 13%


Q3: Sales -15% y-o-y, adj. EBITA margin of -4.6% (-2.9%)

Projektengagemang's (PE) Q3 numbers marked a step back from the progress seen in Q2, as the sales decline accelerated to 15% y-o-y and underlying profitability (adj. EBITA margin) decreased. Sales was SEK 144.5m (170.4m) and adj. EBITA was SEK -6.6m (-4.9m); we expected SEK 152.6m and 0.2m, respectively. The deviation was primarily driven by a lower number of FTEs and a lower utilisation rate than expected. We are within a long downturn for the Swedish contracting market that started in '23, but according to Veidekke's latest market update, there are positive signs going into '25. The company sees the Swedish contracting market increasing by 4% in '25e and a further 7% in '26e. We think this development will benefit PE, and that '24 should mark the low-point in this cycle.
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.