Pareto Securities has reiterated its Hold rating for technical installation firm Bravida, maintaining a price target of SEK 112, according to a recent research note.
Analysts anticipate a softer first quarter, with EBITA expected to decline slightly to SEK 305 million. This figure sits approximately 4 percent below consensus estimates, weighed down by persistent pricing pressure in the Swedish market. The margin is projected to remain flat at 4.5 percent.
While the long-term outlook is supported by improving order intake and margin expansion, Pareto notes that the stock is currently trading at a premium to its peers, which limits the potential upside.
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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