FM Mattsson – Supply chain price pressure and potentially weak construction market growth indicates a depreciation by 3 %

In this equity report, analyst Jacob Andersson assesses FM Mattsson Mora Group. The company is a leading player in Northern Europe’s taps- and thermostatic market with a total market share of 33 % 2016. Going forward, the company is expected to lose market shares due to price pressure by wholesalers and slower growth in the [...]

NGS Group – Growth and margin expansion within management segment outweighs lost growth within staffing

In this equity report, analysts Marcus Eriksen and Carl Sandström assess NGS Group. The company is expanding it´s services within the segment management supply due to a growing demand and a more lucrative business model. The analysts narrate how a shift from staffing to management supply can raise margins due to regulation and wage drift [...]

Balco Group – Strong market trends and growth creates possibilities

In this equity report, analyst Sebastian Hofstedt evaluate Balco Group. The company produces solutions for balcony renovations and the company is operating on a market with strong potential growth the coming years. The analyst narrate why Balco has the potential to grow organically 19 % in 2018E and 16 % during both 2019E and 2020E. [...]

Bredband2 – Technology at the forefront on a competitive market provides prerequisites for growth

In this equity report, analysts Erik Pehrsson and Victor Forss assess Bredband2. The company provides a scalable business model which is expected to contribute to margin expansion. The analysts narrate how infrastructure investments in technology and investments in marketing activities contributes to increased customer intake expected to increase revenues. This report is written in Swedish. [...]

MAG Interactive – New game launches and synergies expected to generate future growth and margin expansion

In this equity report, analysts Edvin Sjökvist and Petrus Lindh assess MAG Interactive. The company’s growth has been stagnant during the past two years but is expected to regain momentum due to an acquisition, new publishing strategy and new games. The analysts narrate how higher profitability is to be achieved through higher revenue per daily [...]

Formpipe – Increased Cloud sales expected to result in margin expansion and increased recurring revenues

In this equity report, analyst Sebastian Würtz evaluate Formpipe. There is an increased interest in Cloud based products as a result of a structural change in the software market where companies goes from stationary systems to cloud based ones. This is expected to result in margin improvements for Formpipe. The analyst narrate why Formpipe is [...]

Nilörngruppen – Increased demand for branding on a market moving towards e-commerce

In this equity report, analysts Marcus Eriksen and Erik Pehrsson assess Nilörngruppen. The company is experiencing high growth despite acting on a slow growing market. The analysts narrate how movement towards e-commerce and the increasing demand for branding creates opportunities for the company to maintain a high growth with strong margins.  This report is written [...]

MIPS – Scalable business model and stable market trends enables growth

In this equity report, analyst Sebastian Hofstedt and Gabriel Burmeister evaluate MIPS. The company produces a patented safety accessory for different types of helmets and it is capitalizing on market trends towards outdoor activities and safety. The analysts narrate why MIPS has the potential to grow organically 40 % CAGR during 2018E-2020E, with improving margins, [...]

Global Gaming 555 – Fast growing gambling company with 71 % mobile revenues

In this equity report, analysts Johan Brown and Carl-Ferdinand Carsjö evaluate Global Gaming. Global Gaming has seen a significant growth the last couple of years. This is mainly due to the company’s main brand, Ninja Casino, which has taken advantage of the first mover advantage of the payment method PayNplay. This resulted in a turnover [...]

Mr Green & Co AB – New Acquisition Strategy and Marketing Renaissance might be the winning hand

In this equity report, analyst Olle Göransson assess Mr Green & Co. The company is valued at a 30 % discount compared to the peer-average. Mr Green has turned weak margins by a more efficient marketing strategy and is expected to grow 20 % organically 2018. Furthermore, the analyst narrate how exposed Mr Green is [...]