Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Portfolio
  • Forum
  • Q&A
  • About Us
    • Our Coverage
    • Team
Third party research

Dist IT: A quarter of change - ABG

DistIT

This is a third party research report and does not necessarily reflect our views or values

Download report (PDF)
Market conditions remain unfavourable for Aurdel
Septon divestment carries largest impact on estimates
'26e EV/sales of 0.4x at 1% EBIT margin


Pre-announced Q2'25

The company has pre-announced its Q2'25 figures in conjunction with an additional (fully guaranteed) rights issue of SEK 106m. Preliminary sales of SEK 244m and an adj. EBITA of SEK -30m imply an organic decline of ~18% and an adj. EBITA margin of around -12%. From an organic point of view, we note that other market participants, such as Dustin, have been subject to those same, poor market conditions. In the case of the Aurdel segment, we believe that a return to organic growth is more likely in '26e than in late '25e. This notion is supported by the fact that comps are getting increasingly easier and that DistIT is now allowed to increasingly reinvest cash into its operating business.
Find us on social media
  • Inderes Forum
  • Youtube
  • Instagram
  • Facebook
  • X (Twitter)
Get in touch
  • info@inderes.se
  • +46 8 411 43 80
  • Vattugatan 17, 5tr
    111 52 Stockholm
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.