Category: <span>Equity Research</span>

Veteranpoolen (VPAB)

In this equity research report, Adam Andre and August Winzell take a closer look at Veteranpoolen (VPAB), a senior staffing company operating in Sweden. The analysts estimate that Veteranpoolens decentralized business model, key investments in digital solutions will lead to operating leverage and that the expansion into new market segments will pave the way for a net sales CAGR of 12.5% between 2021A-2023E.

Zinzino (ZZ B)

In this equity research report, analysts Carl Viktor Wümer and Sebastian Wester take a closer look at the Swedish dietary supplement company Zinzino (ZZ B). The analysts estimate a revenue CAGR of 13.7% between 2021A-2023E, largely driven by Zinzino’s ability to expand to new submarkets through its efficient direct selling business model.

Dedicare (DEDI)

In this equity research report, analysts Premton Krasniqi and Tobias Karlsson take a closer look at Dedicare (DEDI), a Swedish health care and social work staffing company operating in the Nordic region. The analysts estimate that Dedicare’s all-time high in employee headcount, recent acquisition of H&P Search & Interim and AI-powered staffing solution will pave the way for a net sales CAGR of 9.5% from 2021A-2023E.

Inwido (INWI)

In this equity research report, analysts Adam Halsius and Arvid Johansson take a closer look at the Swedish window and door group Inwido (INWI). The analysts estimate an increased market growth as a result from the EU initiative, the renovation wave, that will result in a 8.9% CAGR revenue growth to 2024E.

Alma Media Oyj (ALMA)

In this equity research report, analysts Carl Ragnartz and Oskar Norrström take a closer look at Alma Media, a media company based in Finland. Alma Media is a well-established Finnish paper publisher that has undergone a change of strategy since 2018, thus setting new peers within the SaaS sector.

Brødrene A&O Johansen A/S

In this equity research report, analysts Victor Feilberg and Chayada Hirunburana take a closer look at the Danish wholesaler group Brødrene A&O Johansen A/S (AOJ B). The Company’s recent investments in digitalizing the physical stores, instant deliveries and automatizing its central warehouse are expected to increasingly drive sales, resulting in higher margins.