Lower organic growth despite aggressive spending recent quarters. We cut sales by 2% and adj. EBIT by 3-2% on '24e-'26e. HOLD, TP of SEK 10.5 (11.0); in line with peers at 6-5x EBIT adj.


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Negative growth trend persists
Stillfront Group AB (SF:OME) | 0 0 0.0%
- Published:
22 Jul 2024 -
Author:
ABGSC IT Research | Oscar Rönnkvist | Simon Jönsson -
Pages:
15 -
Lower organic growth despite aggressive spending recent quarters. We cut sales by 2% and adj. EBIT by 3-2% on '24e-'26e. HOLD, TP of SEK 10.5 (11.0); in line with peers at 6-5x EBIT adj.