Recommendations

ABG
Hold
Redeye
Buy
Nordea
Buy
Jefferies
Hold
Cantor
Buy
Danske
Buy

Target price

ABG Redeye Nordea Jefferies Cantor Danske Consensus
SEK 115 kr 225 kr 200 kr 120 kr 170 kr 162 kr 165 kr
DKK 78 kr 153 kr 136 kr 82 kr 116 kr 110 kr 112 kr

Full-year consensus

2023 2024 2025 Guidance 2025E 2026E 2027E
Revenue (mEUR) 326.7 371.5 320-350 340.0 372.3 400.2
EBITDA* (mEUR) 111.1 113.4 100-120 103.7 124.5 141.0
EBITDA* (%) 34% 31% 31-34% 30% 33% 35%
*before special items

Quarterly consensus

Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025E
Revenue (mEUR) 96.2 82.6 81.5 78.3 98.4
EBITDA* (mEUR) 33.5 22.0 22.5 20.6 39.4
EBITDA* (%) 35% 27% 28% 26% 40%
*before special items

Analyst coverage

ABG Sundal Collier

Nikola Kalanoski

[email protected]

Cantor Fitzgerald

Edward James

[email protected]

Danske Bank

Poul Ernst Jessen

[email protected]

Jefferies

James Wheatcroft

[email protected]

Nordea Markets

Sebastian Grave

[email protected]

Redeye

Hjalmar Ahlberg

Commissioned research

[email protected]

The consensus estimates are collected by Better Collective and based on forecasts from analysts who follow the company. The analysts’ opinions, forecasts, and estimates regarding Better Collective are theirs alone and do not represent opinions, forecasts, or predictions from the company itself. Better Collective assumes no responsibility for the accuracy of such information. The consensus reflects the latest available analyst estimates.