Analyser av Avensia

Avensia (Q3 Review): Commerce Strong, IM Drags Sales and Profitability - Redeye

Redeye retains its positive view of Avensia despite slightly lowering our Base Case and forecasts.

Avensia (Q3 Initial take): Lower EBIT than expected despite solid underlying numbers - Redeye

Redeye comments on Avensia’s Q3 report showing a softer EBIT than expected, as lower sales are facing slightly higher semi-fixed costs, outw...

Redeye • 24 Oct 12:11

Avensia: Stable performance in soft market - Redeye

Redeye retains its positive view of Avensia despite slightly lowering our Base Case and forecasts.

Redeye • 18 Jul 07:47

Avensia Q2 2025: Slightly softer than assumed - Redeye

Redeye comments on Avensia’s Q2 report, with sales and EBIT somewhat lower than anticipated.

Redeye • 17 Jul 13:02

Avensia: Strong performance in a cautious market - Redeye

Redeye strengthens its positive view of Avensia following a strong Q1 report, showing high growth and a robust EBIT margin.

Redeye • 08 May 11:32

Avensia Q1 2025: Excellent quarter - Redeye

Redeye comments on Avensia’s Q1 report, beating our expectations significantly on both sales and EBIT.

Redeye • 07 May 14:34

Avensia: Entering 2025 in Good Shape - Redeye

Redeye strengthens its positive view of Avensia following an overall solid Q4 report.

Redeye • 20 Feb 07:19

Avensia Q4: Slightly Softer EBIT, Strong Cash Flow - Redeye

Redeye comments on Avensia’s Q4 report, showing solid growth and cash flow but an adjusted EBIT somewhat short of our expectations.

Redeye • 19 Feb 15:27

Avensia Q3: Solid Underlying Margin - Redeye

Redeye retains its positive view of Avensia following a solid Q3 report with a healthy underlying margin.

Redeye • 25 Oct 2024 12:20

Avensia: Stabilized Market Paying Off - Redeye

Redeye strengthens its positive view of Avensia following a Q2 report beating our forecasts.

Redeye • 19 Jul 2024 08:45

Avensia Q2: Back to the Good Old Days - Redeye

Redeye strengthens its positive view of Avensia following a strong Q2 report, with growth and margins substantially exceeding our expectatio...

Redeye • 18 Jul 2024 12:05

Avensia: Stable Performance in Challenging Market - Redeye

Redeye remains positive towards Avensia following a Q1 report largely matching our forecasts.

Redeye • 10 May 2024 07:38

Avensia Q1: Stable Quarter in Soft Market - Redeye

Redeye will likely keep its forecasts and Base Case largely unchanged following a stable Q1 report matching our expectations.

Redeye • 07 May 2024 14:16

Avensia: Financial Targets Imply Substantial Potential in a Stronger Market - Redeye

Redeye takes a positive stance towards Avensia’s ambitious yet reasonable financial targets.

Redeye • 03 Apr 2024 13:46

Avensia: Temporary Hiccup in Rebound - Redeye

Redeye remains positive towards Avensia despite a soft Q4 report and reduced forecasts.

Redeye • 19 Feb 2024 11:12

Avensia Q4 2023: Softer than Expected - Redeye

Redeye sees a soft Q4 report from Avensia, where high sub-consultant usage and a high share of new customers hurt margins.

Redeye • 16 Feb 2024 14:05

Avensia: Significant and Fast Results from Cost Cuts - Redeye

Redeye strengthens its positive view of Avensia following a strong Q3, with an EBIT significantly above our expectations.

Redeye • 30 Oct 2023 07:03

Avensia Q3 2023: Substantial Margin Rebound - Redeye

Redeye strengthens its positive view of Avensia following a Q3 report showing a substantial margin rebound, coming much earlier than we expe...

Redeye • 27 Oct 2023 13:31

Avensia: Positive Trend in Utilization Rates - Redeye

Redeye retains its positive view of Avensia despite a soft Q2, with sales and EBIT below our expectations.

Redeye • 19 Jul 2023 07:18

Avensia Q2 2023: Low Utilization Hurting - Redeye

Redeye retains its positive view of Avensia despite a softer Q2 than expected.

Redeye • 18 Jul 2023 13:13

Avensia: Premium partner at a discount - Redeye

Redeye initiates coverage of Avensia, a premium e-commerce-focused IT consultancy firm, which combines leading e-commerce platforms with its...

Redeye • 20 Jun 2023 07:37

Avensia: Weak end to 2022 - ABG

Weak Q4 due to a soft end market We lower '23e-'24e EBIT by 56-44% Market to remain sluggish in the coming quarters Q4 sales -2% y-o-y, -10...

ABG Sundal Collier • 22 Feb 2023 07:14

Avensia: Weaker end market leaving a mark on demand - ABG

Sales +8% y-o-y, but EBIT declined y-o-y ‘22e-’24e EBIT cut by 28-46% on lower utilisation Well-positioned long-term in the e-commerce nic...

ABG Sundal Collier • 24 Oct 2022 11:35

Avensia: Investing for the future - ABG

Sales 13% y-o-y but 4% below ABGSCe Several new growth initiatives result in EBIT cuts 15x-11x ‘22e-’23e EV/EBIT vs.

ABG Sundal Collier • 19 Jul 2022 07:54

Avensia: Another adj. EBIT margin beat - ABG

Sales up 26% y-o-y, -3% vs. ABGSCe We lift ‘22e adj.

ABG Sundal Collier • 06 May 2022 10:02

Avensia: 2020 net recruitment starts to pay off in 2021 - ABG

Strong sales beat driven by better-than-expected utilisation While we have previously expected Avensia to gradually return to historical gro...

ABG/Introduce • 23 Jul 2021 08:20