2026 Q2 -tulosraportti
31 päivää sitten
‧29 min
1,00 SEK/osake
Irtoamispäivä 29.10.
2,89%Tuotto/v
Tarjoustasot
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 22.10. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 15.7. | ||
2026 Q1 -tulosraportti 23.4. | ||
2025 Q4 -tulosraportti 4.2. | ||
2025 Q3 -tulosraportti 29.10.2025 | ||
2025 Q2 -tulosraportti 18.7.2025 |
Asiakkaat katsoivat myös
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
·28.7.Svedbergs vs Inwido – where is the best risk/reward after Q2? I have compared two of my favorite companies after the Q2 reports. My conclusion is not that either of the companies is obviously cheap. On the contrary. Inwido appears approximately fairly valued based on my base scenario. To justify a significantly higher share price, it is likely that several positive things occur simultaneously: • Recovery in Finland • Synergies from acquisitions • Clearer effect from EPBD For Svedbergs, the situation looks different. The stock is currently being punished for: • UK logistics and double warehousing costs • The UBC integration • Negative cash flow during an investment-intensive year The question is whether the market is treating temporary problems as permanent. That is where I believe the most interesting asymmetry lies today. Full analysis: https://fenixletters.substack.com/p/svedbergs-vs-inwido-where-is-the As always, these are just my thoughts and my way of analyzing the companies. Everyone needs to do their own analysis and draw their own conclusions. Comments and counterarguments are appreciated.
·25.7. · MuokattuAs the number of sold villas/apartments in Sweden increased by 11 – 16 % Y/Y in Q2 2026, the need for bathroom renovations should increase, which is why I believe AO Norden's growth in H2 will be positive. AO UK also turns to positive growth in H2 due to the GBP/SEK currency tailwind, despite the British Construction Product’s Associations (CPA) forecast for repair/maintenance of private homes being expected to fall by 8 % in 2026. AO Central Europe's revenue in H2 doubles Y/Y, partly because Thebalux "continues to develop positively", and partly thanks to the UBC acquisition's expected 185 MSEK. The EBITA margin in 2026 falls to 14.2 % due to the lower margin (12.3 %) at the UBC acquisition, as well as Roper Rhodes' higher inventory costs. Finally, I expect revenue for 2026E to be 2,470 MSEK, EBIT 338 MSEK (13.7 %), and EPS 4.14 SEK. For 2027, I believe that the GBP/SEK currency tailwind will compensate for the tougher British economy, leading to marginally increased revenue for Roper Rhodes. Thebalux respectively Svedbergs grows +5.0 % driven by product development respectively an increased number of home changes in Sweden. Thanks to the UBC acquisition, total revenue increases by 9.8 % to 2,722 MSEK. The EBITA margin increases to 15.4 % due to increased sales and lower inventory costs for Roper Rhodes. EBIT 404 MSEK (14.8 %) and EPS 5.03 SEK. Based on my forecast and thesis above, my motivated value is: EPS 2026E: 4.14 SEK x P/E 14 => MMV 58 SEK EPS Q2 2027E: 4.75 SEK x P/E 14 => MMV 67 SEK EPS 2027E: 5.03 SEK x P/E 14 => MMV 70 SEK Before you act - do your own analysis. I have been wrong before. :)- ·25.7.Svedbergs' report was, in my opinion, not weak in absolute terms. What the market reacted to was rather that several parts of the investment case took a step backward simultaneously: • EBITA margin 13.7 % against the target of 15 % • Negative free cash flow during H1 • UK margin pressured by double logistics costs • Higher indebtedness after the UBC acquisition At the same time, I see much of this as integration- and investment-related rather than structural. The big question for me is therefore not Q2. The big question is whether UK margins recover when the distribution center is fully operational and UBC starts contributing without acquisition costs. That is where the narrative is either confirmed or challenged.Good summary and question. Personally, I believe RR's margins will return to historical 18 - 19 % already from Q1 2027 because the current inventory situation affects RR's margin by approximately 2 percentage points.
- ·12.5.I now expect revenue in 2026 to increase by 6.2 % to 2,392 MSEK, of which the acquisition of UBC contributes +6.6 % (148 MSEK). Revenue in Roper Rhodes -2.8 % as the British Construction Product’s Associations (CPA) forecast for repair/maintenance of private homes is estimated to decrease by 8 % in 2026. Thebalux respectively Svedbergs increase +4.7 % respectively +1.0 %. The EBITA margin decreases to 15.1 % due to the lower margin (12.3 %) at the UBC acquisition. EBIT 348 MSEK (14.5 %) and EPS 4.31 SEK. For 2027, I believe the tougher British economy leads to unchanged revenue for Roper Rhodes, but that growth for Thebalux respectively Svedbergs will be +5.0 % respectively +4 %. Thanks to the UBC acquisition, total revenue increases by 8.3 % to 2,591 MSEK. The EBITA margin increases to 15.5 % due to increased sales and a higher margin for Roper Rhodes due to more efficient inventory management. EBIT 385 MSEK (14.9 %) and EPS 4.80 SEK. My justified value based on P/E 14 will be: 2026: 60 SEK 2027: 67 SEK The MMV above is approximately where the four analysts' median valuation currently stands. Don't forget to do your own analysis - I have been wrong before.
What you forget is stena which owns nearly 50 percent, stena owns ballingslöv international 100 percent, they are increasing purchases in Inwido, owning around 10 percent there. It looks like a merger could happen and a total construction group could be formed in the future. - ·12.5.Fantastic acquisition, now with this low P/E ratio, it should be re-evaluated as growth is coming, 80 kr should be reasonable by summer.
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.
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.
2026 Q2 -tulosraportti
31 päivää sitten
‧29 min
1,00 SEK/osake
Irtoamispäivä 29.10.
2,89%Tuotto/v
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
Kirjaudu
- ·28.7.Svedbergs vs Inwido – where is the best risk/reward after Q2? I have compared two of my favorite companies after the Q2 reports. My conclusion is not that either of the companies is obviously cheap. On the contrary. Inwido appears approximately fairly valued based on my base scenario. To justify a significantly higher share price, it is likely that several positive things occur simultaneously: • Recovery in Finland • Synergies from acquisitions • Clearer effect from EPBD For Svedbergs, the situation looks different. The stock is currently being punished for: • UK logistics and double warehousing costs • The UBC integration • Negative cash flow during an investment-intensive year The question is whether the market is treating temporary problems as permanent. That is where I believe the most interesting asymmetry lies today. Full analysis: https://fenixletters.substack.com/p/svedbergs-vs-inwido-where-is-the As always, these are just my thoughts and my way of analyzing the companies. Everyone needs to do their own analysis and draw their own conclusions. Comments and counterarguments are appreciated.
- ·25.7. · MuokattuAs the number of sold villas/apartments in Sweden increased by 11 – 16 % Y/Y in Q2 2026, the need for bathroom renovations should increase, which is why I believe AO Norden's growth in H2 will be positive. AO UK also turns to positive growth in H2 due to the GBP/SEK currency tailwind, despite the British Construction Product’s Associations (CPA) forecast for repair/maintenance of private homes being expected to fall by 8 % in 2026. AO Central Europe's revenue in H2 doubles Y/Y, partly because Thebalux "continues to develop positively", and partly thanks to the UBC acquisition's expected 185 MSEK. The EBITA margin in 2026 falls to 14.2 % due to the lower margin (12.3 %) at the UBC acquisition, as well as Roper Rhodes' higher inventory costs. Finally, I expect revenue for 2026E to be 2,470 MSEK, EBIT 338 MSEK (13.7 %), and EPS 4.14 SEK. For 2027, I believe that the GBP/SEK currency tailwind will compensate for the tougher British economy, leading to marginally increased revenue for Roper Rhodes. Thebalux respectively Svedbergs grows +5.0 % driven by product development respectively an increased number of home changes in Sweden. Thanks to the UBC acquisition, total revenue increases by 9.8 % to 2,722 MSEK. The EBITA margin increases to 15.4 % due to increased sales and lower inventory costs for Roper Rhodes. EBIT 404 MSEK (14.8 %) and EPS 5.03 SEK. Based on my forecast and thesis above, my motivated value is: EPS 2026E: 4.14 SEK x P/E 14 => MMV 58 SEK EPS Q2 2027E: 4.75 SEK x P/E 14 => MMV 67 SEK EPS 2027E: 5.03 SEK x P/E 14 => MMV 70 SEK Before you act - do your own analysis. I have been wrong before. :)
- ·25.7.Svedbergs' report was, in my opinion, not weak in absolute terms. What the market reacted to was rather that several parts of the investment case took a step backward simultaneously: • EBITA margin 13.7 % against the target of 15 % • Negative free cash flow during H1 • UK margin pressured by double logistics costs • Higher indebtedness after the UBC acquisition At the same time, I see much of this as integration- and investment-related rather than structural. The big question for me is therefore not Q2. The big question is whether UK margins recover when the distribution center is fully operational and UBC starts contributing without acquisition costs. That is where the narrative is either confirmed or challenged.Good summary and question. Personally, I believe RR's margins will return to historical 18 - 19 % already from Q1 2027 because the current inventory situation affects RR's margin by approximately 2 percentage points.
- ·12.5.I now expect revenue in 2026 to increase by 6.2 % to 2,392 MSEK, of which the acquisition of UBC contributes +6.6 % (148 MSEK). Revenue in Roper Rhodes -2.8 % as the British Construction Product’s Associations (CPA) forecast for repair/maintenance of private homes is estimated to decrease by 8 % in 2026. Thebalux respectively Svedbergs increase +4.7 % respectively +1.0 %. The EBITA margin decreases to 15.1 % due to the lower margin (12.3 %) at the UBC acquisition. EBIT 348 MSEK (14.5 %) and EPS 4.31 SEK. For 2027, I believe the tougher British economy leads to unchanged revenue for Roper Rhodes, but that growth for Thebalux respectively Svedbergs will be +5.0 % respectively +4 %. Thanks to the UBC acquisition, total revenue increases by 8.3 % to 2,591 MSEK. The EBITA margin increases to 15.5 % due to increased sales and a higher margin for Roper Rhodes due to more efficient inventory management. EBIT 385 MSEK (14.9 %) and EPS 4.80 SEK. My justified value based on P/E 14 will be: 2026: 60 SEK 2027: 67 SEK The MMV above is approximately where the four analysts' median valuation currently stands. Don't forget to do your own analysis - I have been wrong before.What you forget is stena which owns nearly 50 percent, stena owns ballingslöv international 100 percent, they are increasing purchases in Inwido, owning around 10 percent there. It looks like a merger could happen and a total construction group could be formed in the future.
- ·12.5.Fantastic acquisition, now with this low P/E ratio, it should be re-evaluated as growth is coming, 80 kr should be reasonable by summer.
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
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 22.10. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 15.7. | ||
2026 Q1 -tulosraportti 23.4. | ||
2025 Q4 -tulosraportti 4.2. | ||
2025 Q3 -tulosraportti 29.10.2025 | ||
2025 Q2 -tulosraportti 18.7.2025 |
2026 Q2 -tulosraportti
31 päivää sitten
‧29 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 22.10. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 15.7. | ||
2026 Q1 -tulosraportti 23.4. | ||
2025 Q4 -tulosraportti 4.2. | ||
2025 Q3 -tulosraportti 29.10.2025 | ||
2025 Q2 -tulosraportti 18.7.2025 |
1,00 SEK/osake
Irtoamispäivä 29.10.
2,89%Tuotto/v
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·28.7.Svedbergs vs Inwido – where is the best risk/reward after Q2? I have compared two of my favorite companies after the Q2 reports. My conclusion is not that either of the companies is obviously cheap. On the contrary. Inwido appears approximately fairly valued based on my base scenario. To justify a significantly higher share price, it is likely that several positive things occur simultaneously: • Recovery in Finland • Synergies from acquisitions • Clearer effect from EPBD For Svedbergs, the situation looks different. The stock is currently being punished for: • UK logistics and double warehousing costs • The UBC integration • Negative cash flow during an investment-intensive year The question is whether the market is treating temporary problems as permanent. That is where I believe the most interesting asymmetry lies today. Full analysis: https://fenixletters.substack.com/p/svedbergs-vs-inwido-where-is-the As always, these are just my thoughts and my way of analyzing the companies. Everyone needs to do their own analysis and draw their own conclusions. Comments and counterarguments are appreciated.
- ·25.7. · MuokattuAs the number of sold villas/apartments in Sweden increased by 11 – 16 % Y/Y in Q2 2026, the need for bathroom renovations should increase, which is why I believe AO Norden's growth in H2 will be positive. AO UK also turns to positive growth in H2 due to the GBP/SEK currency tailwind, despite the British Construction Product’s Associations (CPA) forecast for repair/maintenance of private homes being expected to fall by 8 % in 2026. AO Central Europe's revenue in H2 doubles Y/Y, partly because Thebalux "continues to develop positively", and partly thanks to the UBC acquisition's expected 185 MSEK. The EBITA margin in 2026 falls to 14.2 % due to the lower margin (12.3 %) at the UBC acquisition, as well as Roper Rhodes' higher inventory costs. Finally, I expect revenue for 2026E to be 2,470 MSEK, EBIT 338 MSEK (13.7 %), and EPS 4.14 SEK. For 2027, I believe that the GBP/SEK currency tailwind will compensate for the tougher British economy, leading to marginally increased revenue for Roper Rhodes. Thebalux respectively Svedbergs grows +5.0 % driven by product development respectively an increased number of home changes in Sweden. Thanks to the UBC acquisition, total revenue increases by 9.8 % to 2,722 MSEK. The EBITA margin increases to 15.4 % due to increased sales and lower inventory costs for Roper Rhodes. EBIT 404 MSEK (14.8 %) and EPS 5.03 SEK. Based on my forecast and thesis above, my motivated value is: EPS 2026E: 4.14 SEK x P/E 14 => MMV 58 SEK EPS Q2 2027E: 4.75 SEK x P/E 14 => MMV 67 SEK EPS 2027E: 5.03 SEK x P/E 14 => MMV 70 SEK Before you act - do your own analysis. I have been wrong before. :)
- ·25.7.Svedbergs' report was, in my opinion, not weak in absolute terms. What the market reacted to was rather that several parts of the investment case took a step backward simultaneously: • EBITA margin 13.7 % against the target of 15 % • Negative free cash flow during H1 • UK margin pressured by double logistics costs • Higher indebtedness after the UBC acquisition At the same time, I see much of this as integration- and investment-related rather than structural. The big question for me is therefore not Q2. The big question is whether UK margins recover when the distribution center is fully operational and UBC starts contributing without acquisition costs. That is where the narrative is either confirmed or challenged.Good summary and question. Personally, I believe RR's margins will return to historical 18 - 19 % already from Q1 2027 because the current inventory situation affects RR's margin by approximately 2 percentage points.
- ·12.5.I now expect revenue in 2026 to increase by 6.2 % to 2,392 MSEK, of which the acquisition of UBC contributes +6.6 % (148 MSEK). Revenue in Roper Rhodes -2.8 % as the British Construction Product’s Associations (CPA) forecast for repair/maintenance of private homes is estimated to decrease by 8 % in 2026. Thebalux respectively Svedbergs increase +4.7 % respectively +1.0 %. The EBITA margin decreases to 15.1 % due to the lower margin (12.3 %) at the UBC acquisition. EBIT 348 MSEK (14.5 %) and EPS 4.31 SEK. For 2027, I believe the tougher British economy leads to unchanged revenue for Roper Rhodes, but that growth for Thebalux respectively Svedbergs will be +5.0 % respectively +4 %. Thanks to the UBC acquisition, total revenue increases by 8.3 % to 2,591 MSEK. The EBITA margin increases to 15.5 % due to increased sales and a higher margin for Roper Rhodes due to more efficient inventory management. EBIT 385 MSEK (14.9 %) and EPS 4.80 SEK. My justified value based on P/E 14 will be: 2026: 60 SEK 2027: 67 SEK The MMV above is approximately where the four analysts' median valuation currently stands. Don't forget to do your own analysis - I have been wrong before.What you forget is stena which owns nearly 50 percent, stena owns ballingslöv international 100 percent, they are increasing purchases in Inwido, owning around 10 percent there. It looks like a merger could happen and a total construction group could be formed in the future.
- ·12.5.Fantastic acquisition, now with this low P/E ratio, it should be re-evaluated as growth is coming, 80 kr should be reasonable by summer.
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
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt