In this equity research report, analysts Emil Sköldberg and Fredrik Sölveland take a closer
look at Nilfisk, a world-leading provider of professional cleaning equipment. Nilfisk is
poised to enhance its service-oriented business model and target new markets, with a
target price of 25.8 EUR implied through an equally weighted DCF and peer valuation,
indicating a potential upside of 33.6% by 2025E.
Investment Highlights
• Transforming business model embraces a more service-oriented approach.
• New customer market will drive growth in the specialty segment.
• Enhanced efficiency in production drives margin expansion and increases free cash flow.