In this equity report, analysts Teodor Sjöberg and Henrik Guditz evaluate the software developer- and IT-consultancy firm Avensia. The analysts portray different near term outcomes regarding the international expansion of the in-house developed e-platform Storefront. Furthermore Sjöberg and Guditz illustrate the potential operational leverage as a result of a shift in workforce towards the Philippines and high margin sales derived from Storefront. This report is written in Swedish If you want to get in touch with the analysts, please send an email to analysgruppen@linclund.com. Please click on the picture in order to access the full report.

Case summary: 

  • Further integrated agreement with Episerver creates new distribution channels
  • Scalable business model enables operational leverage
  • High organic growth indicates greater market share going forward
  • Insider ownership at 35 % strengthens the believe of future prosperity
  •  Squeezed margins and high dependency of few partners

 

Avensia