Svedbergs Group

* Svedbergs Group acquires Czech Group UBC s.r.o. * Acquires 80% initially, remaining 20% planned in the next 3-5y * Adds 16% to net sales, 13% to EBITA Adds 13% to our '26e EBITA Svedbergs Group has announced the acquisition of Czech bathroom furniture...

* EBITA margin +20bp y-o-y supported by price adjustments * Warehouse move could offset opex inflation from Q4'26 * We reiterate our fair value range of SEK 55-75 Defends margins through price Demand differed significantly across markets in Q1, although...

* Net sales SEK 584m, +1% vs ABGSCe, -2% vs Factset cons. * EBITA SEK 93m, +8% vs ABGSCe, +3% vs cons * Says diverse supplier base is an advantage Q1 in brief: gross margin-driven beat Our impression is that Svedbergs Group's Q1 report is better than...