Q2 report due 17 August, '23e-'25e EBIT up 4-2% (down underlying). Keep HOLD, TP SEK 105 (120) due to lower org. estimates and peer multiples and higher estimate uncertainty.
13 Jul 2023
Focus on outlook and working capital
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Focus on outlook and working capital
Nibe Industrier Ab-B Shs (NIBEB:STO), 0 | NIBE Industrier AB Class B (NIBE.B:OME), 0 | Nibe Ltd. (535136:BOM), 0 | NIBEC Co., Ltd. (138610:KRX), 0
- Published:
13 Jul 2023 -
Author:
ABGSC Capital Goods Research | Karl Bokvist | Olof Cederholm | Anders Idborg -
Pages:
12 -
Q2 report due 17 August, '23e-'25e EBIT up 4-2% (down underlying). Keep HOLD, TP SEK 105 (120) due to lower org. estimates and peer multiples and higher estimate uncertainty.