VD Göran Westerberg sammanfattar Q1: Rusta visar lönsamhetsförbättringar av rätt anledningar, ett växande lojalitetsprogram och en imponerande pipeline för butiksöppningar.

Read the latest SP Group one-pager update following the H1 2024 results. The one-pager includes a brief description of SP Group, an update to the moulded plastic market outlook, latest financials, valuation perspectives relative to a peer group, and outlines several key investment risks and key investment reasons.

Puuilo's Q2 (May-July) figures were broadly in line with our expectations in terms of profitability. The strong but slightly lower than expected revenue growth was driven by a network that grew by several stores year-on-year and by a healthy increase in sales from older stores.

The August figures for the Swedish clothing market were published this morning. August sales increased by 2%. Due to minor changes, the cumulative figure for the year was no longer published, but we estimate it to be around 1%.

Today, MapsPeople announced a new debt facility with EIFO of up to DKK 14.9m over a period of up to 75 months. MapsPeople has also implemented a retention and incentive program, issuing a total of 220,000 warrants.

Following the Q2 2024 reports from all the listed banks on Nasdaq Copenhagen we have updated our One-pager on Spar Nord including our peer group.

Back in august we had the pleasure of hosting a presentation of SKAKO’s Q2 2024 report. With us from SKAKO was CEO Lionel Girieud and CFO Thomas Pedersen who are heading the continuing activities, i.e. the former SKAKO Vibration. They took us through the quarterly numbers and the revised expectations for 2024. Further they gave a deep dive into the Minerals segment where SKAKO has recently won a large order in Morocco.

In our forecasts, the hybrid would be redeemed in 2026, but this is uncertain and requires good operational performance from the company.

Puuilo will report its Q2 results on Thursday September 12 at 8:30 am EEST. Although the retail trade has seen a slowdown recently, we believe the company was one of the market winners, as in previous quarters.

Yesterday, our SaaS newsletter covering news and Q2/H1 financial reports from August was sent out. Looking overall at the global SaaS sector, the growth outlook is still challenged. However, we have observed some relief for the Danish SaaS companies with optimism into H2 2024. Our full blog shows the ARR growth YoY and EBITDA developments for H1 2024 vs. H1 2023 across the Danish SaaS sector.  

We are starting a series of articles focusing on the basics of investing in Life Science companies. This first part of the series describes the clinical phases of drug development that most drug development companies have to go through before they can apply for marketing authorization and commercialize a drug.

We have revised our DCF-model, guided by the company, to reflect new estimates for the total obesity market in 2030. With the current share price in line with our latest one-pager from June 2024, the model indicates a lower probability og success (PoS) in the base case.

Rob Kolkman, CEO, talks about Sanoma as an Investment.

Read the latest Hafnia One-pager update following the Q2 2024 results. The One-pager includes a brief description of Hafnia, an update on the product tanker market, latest financials, valuation perspectives relative to a peer group, and outlines several key investment risks and key investment reasons.