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Press release

Västra Hamnen Market Focus: USWE: Synergy effects starting to emerge

USWE Sports
  • Demand remains strong despite continued D2C sales issues
  • Synergy effects after the acquisition of Giant Loop starting to form
  • We maintain our valuation interval of SEK 73.00 – 92.00 per share

USWE reported sales as expected, but lower profitability than our esti-mate for Q2 of fiscal year 2022/2023. Cautious distributors continue to have a big impact on bottom line. The company has during the quarter, applied the precautionary principle, and made reservations for deliver-ies where payments and collection of goods has been delayed. We forecast a somewhat lower sales for the coming quarters, however, our long-term case remains intact. We maintain our fair value estimate of SEK 73.00 – 92.00 per share.

The full report is available here.

About Market Focus


The research report is prepared as part of Market Focus, Västra Hamnen Corporate Finance's commissioned research offering.

This is a press release from Västra Hamnen Corporate Finance AB. 
Web: vhcorp.se
Twitter: @vhcorp_se (https://twitter.com/vhcorp_se)

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