2026 Q2 - tulosraportti
87 päivää sitten
‧43 min
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 234 | - | - | ||
| 18 | - | - | ||
| 248 | - | - | ||
| 115 | - | - | ||
| 1 | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastot ja ETF:t, joilla on osaketta
Mikään rahasto ei ilmoita osaketta kymmenen suurimman omistuksensa joukossa.
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 - tulosraportti 23.10. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 - tulosraportti 17.7. | ||
2026 Q1 - tulosraportti 29.4. | ||
2025 Q4 - tulosraportti 28.1. | ||
2025 Q3 - tulosraportti 23.10.2025 | ||
2025 Q2 - tulosraportti 18.7.2025 |
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Foorumi
Liity keskusteluun Nordnet Socialissa
·1.10.With DNB Carnegie having just published its price target of 24 SEK, I am sitting stably right in the middle with my justified value of 20 SEK and SEB's 16. Will be exciting to read the Q3 report on 23/10.
·29.9.Almost improbable desert wandering for 5 years ! The probability of an MBO decreases presumably if Nordström sells at the current level? Has SEB changed analysts or are we talking about pure guesswork? Just to let go and move on!
30.9.Darkest hour, peak pain We cut 2027E-28E EPS by 6-9% on a slower and lower recovery across all segments. Our adj. EBITA forecasts are 9% below FactSet consensus for Q3 and 3-5% below for 2027-28, but we lack conviction in estimates. While we view the clean up by new management positively, we want to see evidence of improved internal governance and operation stabilisation before we can consider turning positive on the shares. Reiterate Hold, target price to SEK 16 (27). Q3E: Continued pressure with adj. EBITA down 6% y/y We project Q3 net sales of SEK 1,786m, up 11% y/y, of which 4pp is organic, 2.6pp is from M&A and 4.6pp is FX. We estimate adj. EBITA of SEK 127m, down 6% y/y, for adj. EBITA margin of 7.1%, down 1.3pp y/y. We adjust for SEK 79m of one-off costs the company has announced (see our comment here). In terms of segments, we expect adj. EBITA margin for Sweden to be 4.0%, up 1.8pp y/y. We anticipate margin pressure in Norway and project an adj. EBITA margin of 3.6% (-2.3pp y/y adjusted for write-downs). We also see profitability falling in Other Europe, as the Lithuanian business starts its new contract structure with an adj. EBITA margin of 18.1% (-4.7pp y/y). We cut our long-term group projection and now see an EBITA margin of 7.0% by 2028. Reflecting that, we lower 2027E-28E EPS by 6-9%. In a nosedive; all we have left is faith in the pilots We have been critical about Green Landscaping’s weak cash flow and profitability. It is now evident that internal controls have been severely lacking, but new management is tackling that through improvement programmes. Supported by active ownership from Byggmästare Anders J Ahlström Holding and Salénia, we view the initiatives positively. Still, change will take time and while the company is likely at “peak pain”, patience is needed before improvements become apparent. Lacking conviction, we stay out at Hold; target price to SEK 16 (27) Reflecting internal control issues, high debt and poor cash flow, we now apply a 35% discount to peers (previously 30%) to derive our target price of SEK 16.- ·23.9.Updated my forecast after yesterday's VV. Now believe that: 2026E: Revenue +11.9% to 6,970 MSEK, of which acquisitions approx. 395 MSEK (6%). Due to one-off costs of 79 MSEK in Q3, EBITA decreases from 447 MSEK (7.1%) to 355 MSEK (5.0%), EBIT will be 243 MSEK (3.5%) and EPS 1.44 SEK. However, adjusted EBITA will be 435 MSEK (6.2%), adjusted EBIT 323 MSEK (4.6%) and adjusted EPS 2.48 SEK. 2027E: Revenue +2.6% to 7,154 MSEK as I expect -58 MSEK in Stebule's revenue due to the renegotiated agreements and no further acquisitions as indebtedness remains high. EBITA reaches 558 MSEK (7.7%, i.e., 0.3 percentage points below the L5Y average) as I expect profitability to return to normal levels in Sweden/Norway. EBIT 443 MSEK (6.2%) and EPS 4.01 SEK. If MPS is met by 2028, EPS growth will only be 2.1%/year for the period 2023 – 2028, which justifies P/E 8, which is slightly below what Factset's 3 analysts currently value it at. This means I get MMV Q2 2027E: 20 SEK (EPS 2.53 SEK x P/E 8) MMV 2027E: 32 SEK (EPS 4.01 SEK x P/E 8) I.e.: Good share price potential in the 1.5-year term unless a NEW surprises. Q3 on 23/10 will likely bring some clarity on how VV etc. impacts, which requires another forecast update. Do not act on what is written above before you have done your own analysis, so you know what you are doing. I have been wrong before.
Interesting case at 16 kr – much of the downside appears to be priced in, while normalization of margins could provide significant upside. At the same time, Q3 and the development in Sweden/Norway are crucial for whether the 2027 estimates hold. - ·22.9.On June 4, Nordström received 200,000 warrants at 3.37 SEK per warrant. On June 5, this was announced. On July 16, Green announced that Nordström would leave the CEO role, and on July 17, a new interim CEO arrived. There are thus only 42 days between the warrant allocation and the announcement of the departure. This does not necessarily mean that something wrong has happened, but the timing makes it natural to question the board's process and assessments.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tuotteita joiden kohde-etuutena tämä arvopaperi
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 60 418 | 60 418 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 60 418 | 60 418 | 0 | 0 |
2026 Q2 - tulosraportti
87 päivää sitten
‧43 min
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Foorumi
Liity keskusteluun Nordnet Socialissa
- ·1.10.With DNB Carnegie having just published its price target of 24 SEK, I am sitting stably right in the middle with my justified value of 20 SEK and SEB's 16. Will be exciting to read the Q3 report on 23/10.
- ·29.9.Almost improbable desert wandering for 5 years ! The probability of an MBO decreases presumably if Nordström sells at the current level? Has SEB changed analysts or are we talking about pure guesswork? Just to let go and move on!30.9.Darkest hour, peak pain We cut 2027E-28E EPS by 6-9% on a slower and lower recovery across all segments. Our adj. EBITA forecasts are 9% below FactSet consensus for Q3 and 3-5% below for 2027-28, but we lack conviction in estimates. While we view the clean up by new management positively, we want to see evidence of improved internal governance and operation stabilisation before we can consider turning positive on the shares. Reiterate Hold, target price to SEK 16 (27). Q3E: Continued pressure with adj. EBITA down 6% y/y We project Q3 net sales of SEK 1,786m, up 11% y/y, of which 4pp is organic, 2.6pp is from M&A and 4.6pp is FX. We estimate adj. EBITA of SEK 127m, down 6% y/y, for adj. EBITA margin of 7.1%, down 1.3pp y/y. We adjust for SEK 79m of one-off costs the company has announced (see our comment here). In terms of segments, we expect adj. EBITA margin for Sweden to be 4.0%, up 1.8pp y/y. We anticipate margin pressure in Norway and project an adj. EBITA margin of 3.6% (-2.3pp y/y adjusted for write-downs). We also see profitability falling in Other Europe, as the Lithuanian business starts its new contract structure with an adj. EBITA margin of 18.1% (-4.7pp y/y). We cut our long-term group projection and now see an EBITA margin of 7.0% by 2028. Reflecting that, we lower 2027E-28E EPS by 6-9%. In a nosedive; all we have left is faith in the pilots We have been critical about Green Landscaping’s weak cash flow and profitability. It is now evident that internal controls have been severely lacking, but new management is tackling that through improvement programmes. Supported by active ownership from Byggmästare Anders J Ahlström Holding and Salénia, we view the initiatives positively. Still, change will take time and while the company is likely at “peak pain”, patience is needed before improvements become apparent. Lacking conviction, we stay out at Hold; target price to SEK 16 (27) Reflecting internal control issues, high debt and poor cash flow, we now apply a 35% discount to peers (previously 30%) to derive our target price of SEK 16.
- ·23.9.Updated my forecast after yesterday's VV. Now believe that: 2026E: Revenue +11.9% to 6,970 MSEK, of which acquisitions approx. 395 MSEK (6%). Due to one-off costs of 79 MSEK in Q3, EBITA decreases from 447 MSEK (7.1%) to 355 MSEK (5.0%), EBIT will be 243 MSEK (3.5%) and EPS 1.44 SEK. However, adjusted EBITA will be 435 MSEK (6.2%), adjusted EBIT 323 MSEK (4.6%) and adjusted EPS 2.48 SEK. 2027E: Revenue +2.6% to 7,154 MSEK as I expect -58 MSEK in Stebule's revenue due to the renegotiated agreements and no further acquisitions as indebtedness remains high. EBITA reaches 558 MSEK (7.7%, i.e., 0.3 percentage points below the L5Y average) as I expect profitability to return to normal levels in Sweden/Norway. EBIT 443 MSEK (6.2%) and EPS 4.01 SEK. If MPS is met by 2028, EPS growth will only be 2.1%/year for the period 2023 – 2028, which justifies P/E 8, which is slightly below what Factset's 3 analysts currently value it at. This means I get MMV Q2 2027E: 20 SEK (EPS 2.53 SEK x P/E 8) MMV 2027E: 32 SEK (EPS 4.01 SEK x P/E 8) I.e.: Good share price potential in the 1.5-year term unless a NEW surprises. Q3 on 23/10 will likely bring some clarity on how VV etc. impacts, which requires another forecast update. Do not act on what is written above before you have done your own analysis, so you know what you are doing. I have been wrong before.Interesting case at 16 kr – much of the downside appears to be priced in, while normalization of margins could provide significant upside. At the same time, Q3 and the development in Sweden/Norway are crucial for whether the 2027 estimates hold.
- ·22.9.On June 4, Nordström received 200,000 warrants at 3.37 SEK per warrant. On June 5, this was announced. On July 16, Green announced that Nordström would leave the CEO role, and on July 17, a new interim CEO arrived. There are thus only 42 days between the warrant allocation and the announcement of the departure. This does not necessarily mean that something wrong has happened, but the timing makes it natural to question the board's process and assessments.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 234 | - | - | ||
| 18 | - | - | ||
| 248 | - | - | ||
| 115 | - | - | ||
| 1 | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastot ja ETF:t, joilla on osaketta
Mikään rahasto ei ilmoita osaketta kymmenen suurimman omistuksensa joukossa.
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 - tulosraportti 23.10. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 - tulosraportti 17.7. | ||
2026 Q1 - tulosraportti 29.4. | ||
2025 Q4 - tulosraportti 28.1. | ||
2025 Q3 - tulosraportti 23.10.2025 | ||
2025 Q2 - tulosraportti 18.7.2025 |
Tuotteita joiden kohde-etuutena tämä arvopaperi
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 60 418 | 60 418 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 60 418 | 60 418 | 0 | 0 |
2026 Q2 - tulosraportti
87 päivää sitten
‧43 min
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 - tulosraportti 23.10. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 - tulosraportti 17.7. | ||
2026 Q1 - tulosraportti 29.4. | ||
2025 Q4 - tulosraportti 28.1. | ||
2025 Q3 - tulosraportti 23.10.2025 | ||
2025 Q2 - tulosraportti 18.7.2025 |
Tuotteita joiden kohde-etuutena tämä arvopaperi
Foorumi
Liity keskusteluun Nordnet Socialissa
- ·1.10.With DNB Carnegie having just published its price target of 24 SEK, I am sitting stably right in the middle with my justified value of 20 SEK and SEB's 16. Will be exciting to read the Q3 report on 23/10.
- ·29.9.Almost improbable desert wandering for 5 years ! The probability of an MBO decreases presumably if Nordström sells at the current level? Has SEB changed analysts or are we talking about pure guesswork? Just to let go and move on!30.9.Darkest hour, peak pain We cut 2027E-28E EPS by 6-9% on a slower and lower recovery across all segments. Our adj. EBITA forecasts are 9% below FactSet consensus for Q3 and 3-5% below for 2027-28, but we lack conviction in estimates. While we view the clean up by new management positively, we want to see evidence of improved internal governance and operation stabilisation before we can consider turning positive on the shares. Reiterate Hold, target price to SEK 16 (27). Q3E: Continued pressure with adj. EBITA down 6% y/y We project Q3 net sales of SEK 1,786m, up 11% y/y, of which 4pp is organic, 2.6pp is from M&A and 4.6pp is FX. We estimate adj. EBITA of SEK 127m, down 6% y/y, for adj. EBITA margin of 7.1%, down 1.3pp y/y. We adjust for SEK 79m of one-off costs the company has announced (see our comment here). In terms of segments, we expect adj. EBITA margin for Sweden to be 4.0%, up 1.8pp y/y. We anticipate margin pressure in Norway and project an adj. EBITA margin of 3.6% (-2.3pp y/y adjusted for write-downs). We also see profitability falling in Other Europe, as the Lithuanian business starts its new contract structure with an adj. EBITA margin of 18.1% (-4.7pp y/y). We cut our long-term group projection and now see an EBITA margin of 7.0% by 2028. Reflecting that, we lower 2027E-28E EPS by 6-9%. In a nosedive; all we have left is faith in the pilots We have been critical about Green Landscaping’s weak cash flow and profitability. It is now evident that internal controls have been severely lacking, but new management is tackling that through improvement programmes. Supported by active ownership from Byggmästare Anders J Ahlström Holding and Salénia, we view the initiatives positively. Still, change will take time and while the company is likely at “peak pain”, patience is needed before improvements become apparent. Lacking conviction, we stay out at Hold; target price to SEK 16 (27) Reflecting internal control issues, high debt and poor cash flow, we now apply a 35% discount to peers (previously 30%) to derive our target price of SEK 16.
- ·23.9.Updated my forecast after yesterday's VV. Now believe that: 2026E: Revenue +11.9% to 6,970 MSEK, of which acquisitions approx. 395 MSEK (6%). Due to one-off costs of 79 MSEK in Q3, EBITA decreases from 447 MSEK (7.1%) to 355 MSEK (5.0%), EBIT will be 243 MSEK (3.5%) and EPS 1.44 SEK. However, adjusted EBITA will be 435 MSEK (6.2%), adjusted EBIT 323 MSEK (4.6%) and adjusted EPS 2.48 SEK. 2027E: Revenue +2.6% to 7,154 MSEK as I expect -58 MSEK in Stebule's revenue due to the renegotiated agreements and no further acquisitions as indebtedness remains high. EBITA reaches 558 MSEK (7.7%, i.e., 0.3 percentage points below the L5Y average) as I expect profitability to return to normal levels in Sweden/Norway. EBIT 443 MSEK (6.2%) and EPS 4.01 SEK. If MPS is met by 2028, EPS growth will only be 2.1%/year for the period 2023 – 2028, which justifies P/E 8, which is slightly below what Factset's 3 analysts currently value it at. This means I get MMV Q2 2027E: 20 SEK (EPS 2.53 SEK x P/E 8) MMV 2027E: 32 SEK (EPS 4.01 SEK x P/E 8) I.e.: Good share price potential in the 1.5-year term unless a NEW surprises. Q3 on 23/10 will likely bring some clarity on how VV etc. impacts, which requires another forecast update. Do not act on what is written above before you have done your own analysis, so you know what you are doing. I have been wrong before.Interesting case at 16 kr – much of the downside appears to be priced in, while normalization of margins could provide significant upside. At the same time, Q3 and the development in Sweden/Norway are crucial for whether the 2027 estimates hold.
- ·22.9.On June 4, Nordström received 200,000 warrants at 3.37 SEK per warrant. On June 5, this was announced. On July 16, Green announced that Nordström would leave the CEO role, and on July 17, a new interim CEO arrived. There are thus only 42 days between the warrant allocation and the announcement of the departure. This does not necessarily mean that something wrong has happened, but the timing makes it natural to question the board's process and assessments.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 234 | - | - | ||
| 18 | - | - | ||
| 248 | - | - | ||
| 115 | - | - | ||
| 1 | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastot ja ETF:t, joilla on osaketta
Mikään rahasto ei ilmoita osaketta kymmenen suurimman omistuksensa joukossa.
Asiakkaat katsoivat myös
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 60 418 | 60 418 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 60 418 | 60 418 | 0 | 0 |