Order momentum from Q4 continues, up 18% y-o-y, de-risking '25e Stronger margin in both segments, but we extrapolate only in T&D Margin expansion in T&D and additional acquisitions key from here Strong start to the year In addition to the reignition ...

Orders +7%, sales -1%, adj. EBITA +28% vs. our estimates Key takeaway is the continued order strength de-risking '25e Strong margin, but be careful about extrapolating due to volatility Q1 results Orders were up 18% y-o-y and 7% above our estimate, and...

Q1e sales -2% y-o-y, orders +10%, adj. EBITA margin 6.3% (6.5%) '25e-'27e adj. EBITA up 6-9% on Autofric acquisition, 6.6x EV/EBIT Good to see return to M&A, looks accretive, Q2e ND/EBITDA 1.7x Q1 expectations For Q1, we expect sales to be down 2% y-...

Weak order trend broken, orders +29% y-o-y, above our flat estimate '25e-'26e orders +7%, sales +4%, adj. EBITA +9%, better momentum Management still looking for M&A opportunities, but patient approach Q4 results Going into the Q4 report we were worried...

Orders recover sharply, +30% y-o-y, and sales beat our est. by 8% Strong E&E margin brings group to 7.4% adj. EBITA, we had 3.8% T&D restructuring continued (SEK -4.2m NRI), outlook improving Q4 results Order intake came in at SEK 272m (+29% vs. ABGSCe...