Inission

* Orders +5%, adj. EBITA +5% above us on higher Power margin * '26e-'28e adj. EBITA up 1-2%; expect company to beat FY guidance * M&A pipeline strengthening, aims to close an acquisition this year Q2 results Inission delivered a strong Q2, with adj. ...

* Orders +39% y-o-y and 5% above ABGSCe for a book-to-bill of 1.13 * EBITA adj. of SEK 41m, 5% above ABGSCe, 6.4% margin (4.8%) * FY guidance unchanged, but expected run-rate implies higher sales Q2 results Orders were up 39% y-o-y and 5% above our estimate...

* Q2e: 22% sales growth and adj. EBITA margin of 6.0% (4.8%) * We raise '26e-'28e adj. EBITA by ~1% on updated FX rates * Trading at 14x/10x '26e/'28e P/E vs Nordic EMS peers at 16x/12x Q2 expectations We expect Q2'26 sales of SEK 654m, up 22% y-o-y,...

* Sales up 37% y-o-y as adj. EBITA more than doubled * Continued order momentum drives estimate upgrades * Enedo recovering, M&A and Tunis factory to add further growth Q1 results The earnings-growth trend that started in Q3 accelerated in Q1. Sales ...

* Orders +20%, sales +14%, adj. EBITA +10% vs. ABGSCe * Enedo sees strong orders, growth and margin uplift * Growth trend to continue for the rest of the year Q1 results Orders were up 17% y-o-y and 20% above our estimate. Sales grew 37% y-o-y and were...

* We see 21% sales growth and an EBITA margin of 7.2% (4.8%) * Expect company will beat somewhat conservative '26e guidance * Strong operational momentum, 12x-9x P/E vs peers at 17x-13x Q1 expectations We expect the strong momentum built in H2 will continue...