Analyser av Svedbergs Group

Svedbergs Group: Project market showing recovery - ABG

* First signs of Swedish project market recovery * Could add ~15% of '25e EBITA N3Y * Ready for M&A, Q4'26e ND/EBITDA 0.

ABG Sundal Collier • 05 feb 07:22

Svedbergs Group Q4: Sweden shows strength - ABG

* Net sales SEK 557m, +5% vs ABGSCe, +4% vs Factset cons.

ABG Sundal Collier • 04 feb 08:51

Svedbergs Group: Scaling up - ABG

* We forecast -3% EBITA growth in Q4'25 on a tough comp * 8% EBITA growth shows resilience in tough 2025e * We raise our fair value range to...

ABG Sundal Collier • 19 jan 09:06

Svedbergs Group: Feedback from ABGSC Investor Days - ABG

* Double-digit Svedbergs profitability in Q4 not ruled out * Sustainability work is paying off * Aims to fund M&A through its own cash flows...

ABG Sundal Collier • 05 dec 2025 11:39

Svedbergs Group: 15% margin target reached - ABG

* Organic momentum improved in all segments * A recovery in Swedish housing could drive 18% EBITA growth * We reiterate our SEK 50-66 fair v...

ABG Sundal Collier • 31 okt 2025 10:01

Svedbergs Group Q3: 12% EBITA growth, all segments contribute - ABG

* Net sales SEK 529m, +2% vs ABGSCe, +3% vs Factset cons.

ABG Sundal Collier • 29 okt 2025 09:34

Svedbergs: Building an empire, cabinet by cabinet - ABG

* We forecast 7% EBITA growth in Q3'25 * M&A could add 30-40% to '27e EBITA * We raise our fair value range to SEK 50-66 (46-62) We push Sw...

ABG Sundal Collier • 26 sep 2025 07:18

Svedbergs Group - Strong EBITA momentum could continue in H2 - ABG

Solid Q2, UK is the star of the show We saw signs of improvement for both Svedbergs and Roper Rhodes in Q2.

ABG Sundal Collier • 20 jul 2025 21:21

Svedbergs Group: Organic growth acceleration driven by UK - ABG

Q2 in brief: better overall Our impression is that Svedbergs Group's Q2 report is better than Factset consensus estimates overall.

ABG Sundal Collier • 18 jul 2025 08:52

Svedbergs Group: Project recovery delayed in Sweden - ABG

Q2 report due 18 July Q2e net sales SEK 555m, EBITA SEK 79m We leave our FVR unchanged at SEK 44-59 Delayed project market recovery Macro i...

ABG Sundal Collier • 18 jun 2025 07:24

Svedbergs Group: Feedback from ABGSC Investor Days - ABG

Markets have started turning better Truly decentralised with strong M&A track record Trading at 10x-9x our '25e-'26e EV/EBITA Markets turni...

ABG Sundal Collier • 15 maj 2025 07:27

Svedbergs Group: A well-polished start to the year - ABG

Acceleration across segments - organic momentum improved Another (self-funded) Thebalux-size acquisition now possible Trading at 9.

ABG Sundal Collier • 30 apr 2025 09:38

Svedbergs Group Q1: good print, gradually better markets - ABG

Net sales SEK 596m, +1% vs ABGSCe, +1% vs Factset cons.

ABG Sundal Collier • 29 apr 2025 14:26

Svedbergs Group: House transactions return to growth - ABG

Q1 report due 29 April We forecast net sales of SEK 589m, EBITA of SEK 92m We lower '25e-'27e EBITA by 5-6% on FX, FVR to SEK 43-58 (45-60) ...

ABG Sundal Collier • 04 apr 2025 09:18

Svedbergs Group: 15% EBITA margin target has been reached - ABG

EBITA grew 37% y-o-y Sees positive signals in the Swedish project market Trading at 9x '25e EV/EBITA Market differences remain, but Sweden ...

ABG Sundal Collier • 12 feb 2025 07:24

Svedbergs Group Q4: EBITA growth of 37% y-o-y - ABG

Net sales SEK 537m, +3% vs ABGSCe, 0% vs Factset cons.

ABG Sundal Collier • 11 feb 2025 10:25

Svedbergs Group: Seeing the full impact of Thebalux - ABG

Q4 report due 11 February We forecast Q4 net sales of SEK 520m & EBITA of SEK 78m We reiterate our fair value range of SEK 39-55 Macro outl...

ABG Sundal Collier • 09 jan 2025 07:28

Svedbergs: Navigating adversity with consistent growth - Nordea

During Q3, Svedberg Group once again demonstrated the strength of its risk-balanced portfolio.

Nordea • 28 okt 2024 08:39

Svedbergs Group: Price hikes in UK, capacity increase in NL - ABG

- Q3 miss driven by Thebalux seasonality - EBITA growth of 21% y-o-y - Share trading at 8x '25e EV/EBITA Q3 takeaways: Thebalux q-o-q is neg...

ABG Sundal Collier • 28 okt 2024 08:19

Svedbergs Group: Non-nordic operations continue outperforming - ABG

- Net sales SEK 512m, -6% vs ABGSCe and -5% vs Factset cons.

ABG Sundal Collier • 25 okt 2024 11:45

Svedbergs: Solid gross margin offset by weaker than expected opex - Nordea

Svedbergs Group posted a soft set of Q3 2024 numbers, with sales coming in 4% below our estimates (no consensus), with organic growth at -1.

Nordea • 25 okt 2024 11:03

Svedbergs: Benefitting from its de-risked market exposure - Nordea

We expect Svedbergs Group's Q3 report on 25 October to show a decent quarter, with 1% organic sales growth y/y and yet another improvement ...

Nordea • 22 okt 2024 07:30

Svedbergs Group: Macro outlook gradually improving - ABG

Q3 report due 25 October We forecast SEK 551m net sales, SEK 83m EBITA We reiterate fair value range of SEK 39-55 Market outlook clearly im...

ABG Sundal Collier • 25 sep 2024 07:20

Svedbergs: Operational excellence bearing fruit - Nordea

Svedbergs Group released a solid Q2, growing its top line by 23% y/y and adjusted EBITA by 31%, primarily driven by the margin-accretive The...

Nordea • 19 jul 2024 08:49

Svedbergs Group: Geographical diversification keeps paying off - ABG

- Strong momentum outside Sweden - We lower '24e-'25e EBITA by 2-1% - Share trading at 9x '24e EBITA vs.

ABG Sundal Collier • 19 jul 2024 08:41

Svedbergs Group: Still a challenging market for the Svedbergs brand - Nordea

Svedbergs Group posted a solid set of Q2 2024 numbers, with sales coming in-line with our estimates (no consensus),with organic growth of -1...

Nordea • 18 jul 2024 08:53

Svedbergs Group: Roper Rhodes keeps outperforming - ABG

- Net sales SEK 562m, 0% vs ABGSCe and Factset cons.

ABG Sundal Collier • 18 jul 2024 08:51

Svedbergs: Where there's a will, there's a way - Nordea

Ahead of Svedbergs Group's Q2 report on 18 July, we expect a decent quarter, with a 1% organic sales decline y/y but yet another improvement...

Nordea • 05 jul 2024 08:34

Svedbergs Group: Higher freight rates impact the UK model - ABG

Q2 report due 18 July We forecast SEK 561m net sales, SEK 81m EBITA Fair value range raised to SEK 40-56 (37-53) First glimpse of improving...

ABG Sundal Collier • 19 jun 2024 09:06

Svedbergs: A spotless champion - Nordea

Svedbergs Group has set the course to consolidate the European market for bathroom fittings, evolving from a Swedish-centric company to a pr...

Nordea • 03 jun 2024 07:24

Svedbergs Group: Feedback from ABGSC Investor Days - ABG

CEO spoke about acquisition synergies Group collaboration could drive growth and margins Thebalux acquisition lifts group margin above 15% ...

ABG Sundal Collier • 24 maj 2024 07:32

Svedbergs Group: Thebalux-förvärvet driver omsättning och resultat - Penser Access by Carnegie

-4% organisk tillväxt kompenseras av Thebalux-förvärvet Med höga jämförelsetal och fortsatt svår marknad i Sverige och Finland sjönk försälj...

Penser • 25 apr 2024 06:55

Svedbergs Group: Keeps proving its M&A affinity - ABG

- Geographical diversity gives resilience - UK grew 6% org.

ABG Sundal Collier • 24 apr 2024 13:53

Svedbergs Group: Thebalux hit the ground running - ABG

Net sales SEK 572m, 3% vs ABGSCe EBITA SEK 84m, 7% vs ABGSCe Thebalux performs well at 25% EBITA margin Q1 in brief: strong uplift y-o-y Sv...

ABG Sundal Collier • 24 apr 2024 10:26

Svedbergs Group: First glimpse of the Netherlands - ABG

Q1 report due 24 April Q1e net sales SEK 554m, EBITA SEK 78m Trading at 8x NTM EV/EBITA vs 10y avg.

ABG Sundal Collier • 11 apr 2024 07:20

Svedbergs Group: Fortsätter konsolidera den europeiska badrumsmarknaden - Penser Access by Carnegie

Fortsatt utmanande marknad Svedbergs rapporterade -5% organisk tillväxt i Q4 och spår en fortsatt utmanande marknad i 2024.

Penser • 05 mar 2024 10:14

Svedbergs Group: Price hikes and lower input costs - ABG

450bp gross margin expansion y-o-y We raise '24e-'25e EBITA by 1% We raise our fair value range to SEK 36-52 (35-51) Key takeaways from Q4 ...

ABG Sundal Collier • 01 mar 2024 07:25

Svedbergs Group - Q4 at first glance - ABG

Net sales SEK 460m, -1% vs ABGSCe EBITA SEK 59m, +1% vs ABGSCe 2024 could remain challenging Q4 headlines Net sales of SEK 460m corresponds...

ABG Sundal Collier • 29 feb 2024 08:04

Svedbergs Group: Footprint becoming wider still - ABG

Q4 report due 29 Feb Q4'23e net sales of SEK 464m, EBITA of SEK 59m We estimate the fair value at SEK 35-51 (SEK 34-50) Trading update redu...

ABG Sundal Collier • 23 jan 2024 07:40

Svedbergs: ABGSC Investor Days feedback - ABG

We hosted CEO at our Investor Days Seminar 23/11 Promising commentary around finalised Thebalux acquisition We raise our fair value range to...

ABG Sundal Collier • 24 nov 2023 09:50

Svedbergs Group: Ett nytt större bolag - Penser

Ut i Europa Svedbergs Group, en ledande tillverkare av badrumsprodukter, har genom förvärvet av Roper Rhodes i Storbritannien vuxit till en ...

Penser • 01 nov 2023 11:28

Svedbergs: Flat EBITA y-o-y despite headwinds - ABG

- UK compensates for soft Swedish market - Announces potential next step in M&A strategy - We raise our fair value range to SEK 32-47 (31-46...

ABG Sundal Collier • 30 okt 2023 08:18

Svedbergs: Expands into The Netherlands - ABG

- Net sales SEK 432m, 1% vs ABGSCe - EBITA SEK 59m, 52% vs ABGSCe - Announced acquisition of Thebalux Q3 in brief: Q3 was strong overall ove...

ABG Sundal Collier • 27 okt 2023 09:21

Svedbergs: Strong brand portfolio enables pricing flexibility - ABG

Q3 report due 7 October Q3e net sales SEK 426m, EBITA SEK 52m Share trading at 6.

ABG Sundal Collier • 27 sep 2023 09:13

Svedbergs: Svag marknad, Storbritannien undantaget - Analysguiden

Storbritannien visar fortsatt styrka mot en svagare nordisk marknad.

Analysguiden • 04 aug 2023 11:32

Svedbergs: Roper Rhodes is the highlight - ABG

• UK continues to support the group • Rebalancing expectations lead to -3% on '23e estimates • We lower our fair value to SEK 31-46 (33-48) ...

ABG Sundal Collier • 19 jul 2023 08:23

Svedbergs: UK acquisition continues proving its worth - ABG

• Net sales SEK 456m, -2% vs ABGSCe SEK 464m • EBITA SEK 58m, -4% vs ABGSCe SEK 60m • Share is +31% YTD, trading at 6x '23e EV/EBITA Q2 in b...

ABG Sundal Collier • 18 jul 2023 09:20

Svedbergs: We expect continued market outperformance - ABG

Q2 report due 18 July Q2'23e sales of SEK 464m, EBITA of SEK 60m Share trading at 6x-5x '23e-'25e EV/EBITA UK sales stronger than market an...

ABG Sundal Collier • 20 jun 2023 07:36

Svedbergs: Storbritannien visar styrka - Analysguiden

Brittiska förvärvet fortsätter kompensera för vikande nordisk marknad.

Analysguiden • 27 apr 2023 13:18

Svedbergs: Limited signs of predicted UK weakness - ABG

UK outperforms our forecast EBITA up 4-6% for '23e-'25e We raise our fair value range to SEK 33-48 (31-46) Q1 in brief After continued stro...

ABG Sundal Collier • 24 apr 2023 08:46

Svedbergs - Operations keep beating headwinds - ABG

Net sales SEK 476m, 3% vs ABGSCe Adj. EBITA SEK 64m, 4% vs ABGSCe On unrevised ests, share trading at 7x-6x '23e-'25e EV/EBITA Q1 report in ...

ABG Sundal Collier • 21 apr 2023 09:19

Svedbergs: Beginning of the end of UK growth - ABG

Q1 report due 21 April Q1'23e sales of SEK 462m, EBITA of SEK 61m Share trading at 7x-6x '23e-'25e EV/EBITA Soft Q1'23e demand mitigated by...

ABG Sundal Collier • 30 mar 2023 08:16

Svedbergs: Brittiska förvärvet lyfter när nordiska affären viker - Analysguiden

Förvärvet av Roper Rhodes lyfter övriga koncernen under kvartalet.

Analysguiden • 14 feb 2023 09:43

Svedbergs - Seeing the start of a softer renovation market - ABG

Q4 report in brief Svedbergs continued to show relative strength in a tough consumer market, with Q4'22 net sales of SEK 438m, -2% vs.

ABG Sundal Collier • 09 feb 2023 12:36

Svedbergs: UK support in a challenging market - ABG

Sales SEK 438m, -2% vs. ABGSCe Adj. EBITA SEK 54m, 3% vs ABGSCe On unrevised ests, share trading at 6x '23e-'24e EBITA Q4'22 in brief Follo...

ABG Sundal Collier • 08 feb 2023 09:10

Svedbergs: Key brands expected to hold up - ABG

Q4 report due 8 February We forecast sales of SEK 447m, EBITA of SEK 53m Share trading at '23e-'24e EV/EBITA of 7-6x We expect solid Svedbe...

ABG Sundal Collier • 20 jan 2023 08:35

Svedbergs: Styrkebesked från bolaget och värderingen rekordlåg - Analysguiden

Svedbergs levererar ett starkt kvartal trots osäker makromiljö.

Analysguiden • 28 okt 2022 10:25

Svedbergs: Högintressant läge efter överdrivet kursfall - Analysguiden

Svedbergs levererar fortsatt hög tillväxt drivet av förvärv.

Analysguiden • 20 jul 2022 15:05

Svedbergs: Showing continued strength in projects - ABG

Q2 beat on sales, below on EBITA We expect the project market to slow, starting in H1’23 We lower ’23e-’24e EBITA by 2% Coming in strong on ...

ABG Sundal Collier • 18 jul 2022 08:37

Svedbergs: Continued strong top-line momentum - ABG

Sales +6% vs ABGSCe, 6% organic growth EBITA -2% vs ABGSCe We expect cons.

ABG Sundal Collier • 15 jul 2022 10:49

Svedbergs - Showing relative resilience - ABG

Q2 report due on 15 July We expect sales of SEK 444m and EBITA of 66m We lower our ’23-24e EBITA by 3-5% Slower market outlook After two yea...

ABG Sundal Collier • 07 jul 2022 06:18

Svedbergs: Imponerande tillväxt och marginalmålet uppnått - Analysguiden

Under första kvartalet var Svedbergs organiska tillväxt goda 13 procent.

Analysguiden • 25 apr 2022 09:39

Svedbergs: Budpliktsbud med små utsikter att gå igenom - Analysguiden

Huvudägaren Stena Adactums budpliktsbud på 50 kronor per aktie i Svedbergs framstår i våra ögon som för lågt.

Analysguiden • 18 mar 2022 14:44

Svedbergs: Kursvinnaren har mer att ge efter stora förvärvet - Analysguiden

Svedbergs avslutade 2021 med 16 procents organisk tillväxt och ett förvärv som fördubblar koncernens omsättning.

Analysguiden • 10 feb 2022 08:49

Svedbergs: Investerarna lär belöna brittiskt jätteförvärv - Analysguiden

Svedbergs förvärvar brittiska Roper Rhodes till en klart attraktiv värdering, bedömer Analysguiden.

Analysguiden • 02 dec 2021 09:05

Svedbergs: Levererar på alla fronter, upplagt för nya förvärv - Analysguiden

Efter ännu ett starkt kvartal från Svedbergs justerar Analysguiden upp riktkursen för aktien till 66 kronor (60).

Analysguiden • 29 okt 2021 09:56

Svedbergs: Marginalmålet uppnått under starkt andra kvartal - Analysguiden

Badrumskoncernen Svedbergs fortsätter att leverera stark tillväxt och kraftiga resultatförbättringar.

Analysguiden • 22 jul 2021 13:54