* We keep our estimates unchanged... * ...and expect ~10-11% adj.
* Sales of SEK 432m, organic decline of 2% * Adj. EBITA of SEK 35m, and a margin of 8% * Continued demand within defence and cybersecurity ...
* 2025 to end on a soft note * We cut '26e-'27e adj.
* Maintaining long-term partnerships * Defence continues to be a fast-growing sector * Trading ~20% below avg.
* Margin improvement in Q3 * We raise '26e-'27e adj.
* Sales +1% and adj. EBITA +29% vs ABGSCe * Strong within defence and cybersecurity * Consensus EBITA likely down up mid single-digits Q3'25...
* Seasonally weak quarter * We cut '25e-'27e adj. EBITA by 2% Trading ~20% below current peers on '25e EV/EBITA Q3: Built for the long term...
Q2 results Prevas reported a weaker-than-expected Q2'25, with sales of SEK 409m, up 3% y-o-y (4% below ABGSCe).
Q2'25 details Prevas reports Q2'25 sales of SEK 409m (-4% vs.
Q2 expectations Prevas will release its Q2'25 report on 17 July, and we expect SEK 428m in sales, implying y-o-y growth of 8%.
6% organic sales decline y-o-y Enmac shows progress with good order intake Adj.
6% organic sales decline y-o-y Finnish market is seeing signs of improvement Adj.
1% organic sales decline y-o-y Enmac had negative EBITA in Q3, actions taken Adj.
- 3% organic sales growth y-o-y - Lower profitability than we expected - Adj.
Cultural and customer similarities bode well Prevas has received regulatory clearance for its acquisition of Enmac, a Finnish technology con...
1% organic sales growth y-o-y Profitability impressed in Q1, ability to offset wage increases We make positive revisions, '24e adj.
1% organic sales growth y-o-y Profitability still at a good level Lower utilisation rather than drop in demand Q4: Sales -4% and EBITA -13%...
4.5% organic sales growth y-o-y EBITA margin flat y-o-y adj.
6% organic growth expected in Q3 We are a bit more cautious long-term Report due 26 October Q3e: Sales +14% y-o-y and EBITA margin of 11% (...
• 13% sales growth y-o-y, of which half was organic • EBITA margin of 9.
9% organic growth expected in Q2 Slight increase in estimates from M&A Seamless CEO transition Q2e: Sales +17% y-o-y and EBITA margin of 9.
12% organic growth, EBITA margin of 15.1% (14.1%) Increased financial targets Positive estimate revisions, '23e EBITA up 10% Q1: Sales +5% ...
Q4: Sales +6% and EBITA +17% vs ABGSCe Prevas reported another solid report for Q4, with sales up 22% y-o-y, of which roughly half was organ...
Acquires two companies, adding SEK 78m in sales ‘23e sales up ~6% and EBITA up 4% Demand within industry automation remains strong Acquisiti...
Impressive transformation between 2018 and 2022 Increased focus on growth driven by digitalisation & IoT Fair value range of SEK 92-136 E...
Prevas startade 2022 starkt med ökad marginal, ökad omsättning, ökning av antalet anställda och fortsatt aktivitet på förvärvsfronten.
Prevas är en IT-konsult med ett börsvärde på 1 444 000 000 SEK från Västerås som grundades 1985.
