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
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Alligo är en nordisk aktör inom arbetskläder, personligt skydd, verktyg och förnödenheter. Försäljning sker främst via konceptvarumärkena Swedol (Sverige) och Tools (Norge, Finland) genom butiker, webb och på plats-service. Alligo har även fristående verksamheter inom bland annat produktmedia, svets och batterier som driver butiker under egna varumärken. Kunderna inkluderar SME- företag och stora industriföretag som återfinns inom bland annat tillverknings-och byggindustrin samt offentlig verksamhet.

Alligo

* A Nordic distributor of PPE, tools etc. returning to org. growth in Q4e* Set for margin growth after structural transformation in weak market* Expect a '25e-'27e adj. EPS CAGR of 22%, trading...

* A Nordic distributor of PPE, tools etc. returning to org. growth in Q4e* Set for margin growth after structural transformation in weak market* Expect a '25e-'27e adj. EPS CAGR of 22%, trading at P/E 12-10xA Nordic distributor of PPE, tools &amp; consumablesAlligo is an industrial distributor with some proprietary products (&lt;20%), selling personal protective equipment, tools etc. It has two main concept brands (80%), Swedol (Sweden) and Tools (Norway &amp; Finland), along with several less integrated niche companies (20%). Swedol and Tools sell through both physical stores (58%), and directly to larger customers (42%). The customer base is broad, spanning many industries such as manufacturing (31%) and construction (23%). Customers range from large companies and the public sector, to SMEs and individuals.Emerging from a period of structural transformationAlligo was formed in 2021 following the acquisition of Swedol and the subsequent spin-off of Momentum Group. Since then, a lot has been done to integrate Swedol and Tools, including: 1) a Nordic standardised assortment, 2) centralising logistics operations, 3) concentrating the supplier base, and 4) a common organisation with the same ERP and IT. Key margin drivers are: 1) a larger share of SME customers and in-store sales, and 2) a larger share of sales from own brands. These have always been higher in Swedol, and since the acquisition, efforts have been underway to increase them in Tools.Set up for growth and significant margin expansionThe integration process has coincided with the market downturn in '23-'25, which has hit SMEs, Alligo's most profitable customers, hardest, hampering Alligo's growth and margins. The gross margin is intact, however, which, in combination with the major structural transformation, means Alligo is well set up to see significant margin expansion once it returns to organic growth, which we think will happen in Q4'25. We forecast a '25e-'27e adj. EPS CAGR of 22%. At a '26e-'27e EV/EBITA and P/E of 12-10x, we set a FV range of SEK 110-200.