ALM Equity is a listed Swedish company active in the real estate sector. Through wholly owned companies/associated companies, ALM covers the entire value change including construction-, development and management of properties. As a result of recently announced transactions, reported financial statements are set to be transformed and key credit ratios will improve. We initiate coverage with an Outperform recommendation for ALMSS F 12/30/23.
11 Mar 2022
Arctic Credit: Alm Equity - Keep (c)ALM and carry on
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Arctic Credit: Alm Equity - Keep (c)ALM and carry on
ALM Equity is a listed Swedish company active in the real estate sector. Through wholly owned companies/associated companies, ALM covers the entire value change including construction-, development and management of properties. As a result of recently announced transactions, reported financial statements are set to be transformed and key credit ratios will improve. We initiate coverage with an Outperform recommendation for ALMSS F 12/30/23.