Kreate - Finnish Infrastructure Builder

Since July, there have been three messages in the thread (and it wasn’t very active before this either); Timo Wikström’s presentation about his company and a couple of press releases from yesterday. :slight_smile: Kreate has risen by about 178 percent in 6 months! :slight_smile: And before sometime around Vappu last year, the share was under eight euros and now the share is at 35.7 euros! :slight_smile:

Here is a company report by Ate on the wildly guidance-raising Kreate! :slight_smile:

Kreate raised its guidance for the third time this year. The raise was expected, but its magnitude clearly exceeded our previous forecasts. At the same time, the company announced that the CEO will be leaving their position by the end of next year, which we naturally consider a loss, although the long transition period allows for a controlled handover. Our forecasts for the coming years increased clearly and mainly driven by margins, as we expect successful project execution, the growing share of private projects, and operational leverage to support profitability in the coming years as well. Following quite significant forecast changes and a further strengthened outlook, we are raising our target price to 38 euros (prev. 30 euros). Our recommendation remains at accumulate (lisää).

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