And what’s best, as I recall, this SRV Infra had a much better margin than Kreate, at least last year.
An extremely well-managed company. Others should follow this example.
I am, however, a bit intimidated by this pace of growth; hopefully, they can keep up with it.
Atte has released a new company report on Kreate following the positive profit warning. ![]()
We are raising Kreate’s target price to EUR 25.0 (previously EUR 20.0) following yesterday’s positive profit warning. Our recommendation remains at Accumulate. During the quarter, the company has announced projects worth over EUR 200 million, which also significantly support volume levels for the coming years. We also believe relative profitability will improve in the coming years as revenue reaches a new scale. In our view, the valuation still appears reasonable, considering our clearly upgraded earnings forecasts and the expectation of significant earnings growth.
Sale has written up some comments again regarding Kreate’s tunnel project. ![]()