Handelsbanken assesses that Bravida's current valuation provides a sufficient buffer to withstand continued weak market conditions, highlighting that the installation business has historically demonstrated relative stability over time, with the potential to gradually return to normalized levels.
Coverage is initiated with a buy recommendation and a target price of 105 kronor. The bank emphasizes that the company has shown strong resilience in a weak market and has managed to protect its margins.
The forecast for the fourth quarter points to yet another quarter of negative organic growth, but the forward-looking valuation is considered attractive in anticipation of a gradual recovery during 2026 and 2027.
Bravida Holding AB is a Sweden-based supplier of technical installation and services to buildings and structures. The Company offers expertise and integrated solutions in three technology areas, namely electricity, plumbing, and heating, ventilation, and air conditioning (HVAC). Its offer ranges from consulting and design to installation and servicing, and is divided into two main areas: installation of technical systems in buildings and facilities, and service and maintenance of completed installations. The Company also provides property management, security alarms and access control solutions, among others. It is active in five geographical divisions, namely North, Stockholm, South, Norway and Denmark.
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Investor
Investor
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Global
Global
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Quality
Quality
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ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
