contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


distit-aurdel-to-get-a-growth-shot-in-26e-abg

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

DistIT is a supplier and distributor of IT products. The company supplies a wide range of IT products to the main markets around the Nordic region. The company's product range includes, for example, cabling, network products, multimedia products, data storage products, accessories for mobile devices, computer components, as well as mice and keyboards. The company's headquarters are located in Älvsjö.

DistIT

* '25e-'27e sales down 1-3%* Aurdel comps keep getting easier* '26e EV/sales of just below 0.5x at 1% EBIT margin Q2 report mirrored historical problems Q2 was a bit softer than expected with...

* '25e-'27e sales down 1-3%* Aurdel comps keep getting easier* '26e EV/sales of just below 0.5x at 1% EBIT margin Q2 report mirrored historical problems Q2 was a bit softer than expected with regards to Aurdel, while Septon carried a more positive impact than we had anticipated. Aurdel's issues are largely related to DistIT's historical arrangements with bondholders. These arrangements ultimately resulted in Aurdel being unable to invest in better inventory because it was instead obligated to repurchase bonds. The result of this has been a five-year-long negative growth streak in Aurdel. '25e-'27e sales down 1-3% on Aurdel softness We cut '25e-'27e sales by 1-3% and '26e-'27e EBIT by 2-13% on the back of the report. We do not over-extrapolate the weakness in Aurdel because it's most likely tied to a historical problem that we believe will be remedied when DistIT's recapitalisation efforts are complete. In Q3 and Q4 this year, Aurdel will be able to buy more attractive inventory that will allow it to grow profitably from late '25. As a pure-play distributor, EFUEL doesn't have inventory-related problems to the same degree as Aurdel, and it should therefore be able to grow to earn some SEK 20-25m annually over time. We assess that the earnings power (potential EBIT) in a few years, and with adequate capitalisation, should be ~SEK 65-70m annually. Assuming a relatively low debt load going forward, this should be able to generate distributable cash flow to shareholders. Implied valuation Based on our revised estimates, the company is trading at a '26e EV/sales of just below 0.5x given a 1% EBIT margin. This is approximately in line with the average EV/sales at which Dustin has traded in the last three years, despite DistIT's achievable margin being at least 2x higher than that of Dustin.