Dist IT: Let’s distribute IT – SEB
We initiate coverage of DistIT, a leading distributor of branded and private label (PL) goods in the Nordic and Baltic IT/Technology and SDA segments. DistIT looks well-placed to capitalize on normalizing demand. Being tightly focused on costs, the company has an unbroken track record of profitability since the start in the 1990s. We believe there is good revaluation potential as better sales and margins combine to produce above-sector EPS growth..