Category: <span>Industrials</span>

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.