3% adj. EBITA beat, but underlying earnings under pressure. '23e-'25e adj. EBITA down 2-3%, '23e-'25e EPS down 7-5%. Keep HOLD, TP SEK 40 (55).

22 Aug 2023
Stable, but will likely get more challenging

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Stable, but will likely get more challenging
- Published:
22 Aug 2023 -
Author:
ABGSC Capital Goods Research | Karl Bokvist | Olof Cederholm -
Pages:
13 -
3% adj. EBITA beat, but underlying earnings under pressure. '23e-'25e adj. EBITA down 2-3%, '23e-'25e EPS down 7-5%. Keep HOLD, TP SEK 40 (55).