# CombinedX - A group of technology-focused IT service companies from Sweden

**URL:** https://forum.inderes.com/t/combinedx-joukko-teknologiakeskittyneita-it-palveluyhtioita-ruotsista/46387
**Category:** Osakkeet
**Tags:** ruotsalaisosakkeet, combined-x
**Created:** [February 2, 2024, 10:38am UTC](https://forum.inderes.com/t/combinedx-joukko-teknologiakeskittyneita-it-palveluyhtioita-ruotsista/46387 "2024-02-02T10:38:32Z")
**Posts on this page:** 1
**Showing post:** 24

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### Author: ![lazyway](https://forum.inderes.com/user_avatar/forum.inderes.com/lazyway/32/54255_2.png) [@lazyway](https://forum.inderes.com/u/lazyway)
#### Post date: [February 19, 2025, 10:44am UTC](https://forum.inderes.com/t/combinedx-joukko-teknologiakeskittyneita-it-palveluyhtioita-ruotsista/46387/24 "2025-02-19T10:44:48Z")

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> [@tonimerkki](#):
>
> Last year’s downturn seems to be easing, even though organic growth was still negative. However, the result (EPS 2.82) and cash flow are again attractive relative to the valuation (36.3 SEK / share).

Q4 adjusted EBIT-% hit the average of the previous six years. Likewise for the full year. Quite okay, considering the market has been described as a bit quiet.

![image](https://eu3.dh-cdn.net/uploads/db2934/original/3X/5/7/57786454b101cff864be64a8ada6e2e82e32b831.png)

Let’s also include Redari’s forecasts for the coming years. In their forecast, the EBIT-% for this year would improve to 10 and for 2026 to 11.

![image](https://eu3.dh-cdn.net/uploads/db2934/original/3X/7/8/7806c0e28e5cf49bca1e25feec5e35a05562a79f.png)

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