SBS is set to release its report for the second quarter on July 18. We have not adjusted our estimates from May 23, maintaining our revenue expectation of approximately SEK 101m for Q2/24. Positive triggers include property divestments close to book value, while negative triggers are potential further covenant breaches. As stated before, leverage needs to come down for the company to focus on value-creating actions rather than liquidity. We reiterate our SELL recommendation with a target price ( ....
