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Byggmästare Anders J Ahlström Holding is an investment company with the goal of creating long-term value for shareholders as well as for society and other stakeholders. The company focuses on small and medium-sized companies, listed as well as unlisted. The operations are primarily concentrated in Sweden and the rest of the Nordic region. The company was founded in 1898 and has its headquarters in Stockholm.
Byggmästarens substansvärde sjönk 18 procent till 63 kronor per aktie i Q3, främst tyngt av Green Landscaping. DP Patterning utvecklas starkt. Substansrabatten på 22 procent överstiger historiska 11 procent. En vändning i Green Landscaping är den viktigaste...
* Q3 NAV 4% above ABGSCe * Impressive performances by DPP and Safe Life * P/NAV well below historical average Q3: NAV beat despite continued Green weakness Byggmästaren reported Q3 NAVPS of SEK 62.64, 4% above our estimate. NAV declined 2.8% q-o-q (SIXRX...
Byggmästaren published its Q3 earnings report on October 23, and in the interview, CEO Tomas Bergström reviews the quarter and the development of the portfolio companies.
In our view, the announcement is a classic move by an interim/new CEO to "clear the decks" by recognizing historical project issues and restructuring operations after a weak stretch
* Q2 NAV 6% above ABGSCe * DPP and Safe Life continued to impress * Discount still wider than history Q2: NAV beat, but Green Landscaping weighed Byggmästaren reported Q2 NAVPS of SEK 64.46, 6% above our estimate. However, NAV declined 4% q-o-q in total...
Byggmästarens substansvärde minskade med 19 procent till 64,5 kronor under Q2, främst tyngt av Green Landscaping. Samtidigt fortsatte DP-Patterning att utvecklas starkt med en försäljningsökning på cirka 700 procent. Team Olivias avyttring av Attrives...
Övergripande var Q2 svagt för portföljen eftersom Greens fortsatta marginalproblem, höga skuldsättning och VD avgång motiverade en tydligt högre riskpremie. VD Tomas och Christoffer går igenom kvartalet.
