Category: <span>Industrials</span>

CTT Systems

In this fundamental analysis report, analysts Isak Andersson and Viktor Komarek take a closer look at CTT Systems, a Swedish aerospace technology company developing and supplying active humidity control systems for commercial aircraft. Despite strong underlying demand, the CTT share price has been heavily pressured by distributor inventory effects, foreign exchange headwinds, institutional outflows, and broader concerns surrounding the aerospace industry.

Broedrene A&O Johansen

In this fundamental analysis report, analysts Stephanie Jirhage and Kaspar Appelholm take a closer look at Brødrene A&O Johansen, a Danish family-owned wholesaler supplying technical products and components to professional tradesmen across Scandinavia. The market underestimates AOJ’s operating leverage, synergy-driven growth from recent acquisitions and underlying real estate value.

Roblon

In this fundamental analysis, analysts Gustaf Tegnér and Olle Linder provide an in-depth analysis of
Roblon A/S, a Danish developer and manufacturer of fiber-based materials primarily serving offshore
energy applications. Following the divestment of the unprofitable U.S. subsidiary, the Company has
streamlined operations and refocused the product mix toward higher-margin composite solutions.

CTEK

In this fundamental analysis report, analysts Axel Hockman and Edvin Ganic provide an in-depth analysis of CTEK AB, a Swedish premium battery charging and power management specialist with a leading position in low-voltage charging and selective exposure to EV charging infrastructure.

Tekova

In this fundamental analysis report, analyst Ville Nordmark takes a closer look at Tekova Oyj (“Tekova”), a Finnish commercial construction contractor specializing in standardized turnkey delivery, with growing exposure to datacenter projects. Tekova’s scalable operating setup, capable of absorbing approximately 48% revenue growth without incremental resources, combined with quality-driven pricing power and continued datacenter-related demand supports a constructive fundamental outlook. An equally weighted DCF and peer valuation imply an upside
potential of 75% from current levels.

Inwido

In this fundamental analysis report, analysts Axel Enberg and Antonio Sherwany take a closer look at Inwido AB. Inwido is the leading European consolidator in energy-efficient windows and doors, operating in a highly fragmented market with over 10,000 players. The market underestimates the Company’s strong M&A capacity, its sustainable positioning to benefit from EU regulatory tailwinds, and the growing contribution from its e-commerce business.

B&M

In this pitch deck, analysts Gustav Wisenius, Gustav Bartholdsson, and Oscar Isacsson present the investment case for B&M European Value Retail. With continued capital returns and a re-rating supported by fundamental outperformance, the base case implies 115% total upside and a clear path to multiple re-rating in the coming years.