NYAB - Infrastructure and Specialist Builder

Immediately upon/after the Swedish listing, they seemed to sell off a few of their larger Swedish shares. The active owners only sold later in the autumn, and in larger batches through block trades. So, even now, no large quantities have been sold there…

Profitable growth doesn’t appeal, there must be proper losses like with Wolt and Kempower.

Larsson did say in connection with the interim report that Swedish institutions have joined.

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It’s really strange why the stock price isn’t rising even though the company keeps delivering good news one after another!

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Even Inderes and others have switched to a buy recommendation, which is also very rare.

2025 will show impressive growth figures when the numbers are published.

Good news from the EU for Finland – Important giant investments even closer | Kauppalehti

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NYAB AB: Uppsala Municipality makes a new decision to select NYAB and Azvi as the general contractor for the Uppsala Tramway project | Kauppalehti

Taas 440millin megaurakka lähellä toteutua.

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Here are Aapeli’s comments regarding Friday’s announcement. :slight_smile:

Here is SalkunRakentaja’s article about NYAB, which can be read in a few minutes. :slight_smile:

The completion of the acquisition is an important milestone in NYAB’s strategic expansion and strengthens its ability to offer design and project management services in the Nordics, as well as to leverage growth opportunities in new areas.

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Perhaps this isn’t the right forum to ask, but I will. As a relatively new investor, when I follow NYAB, for example, there’s always a rather large “blockage” on the sell side at the current trading price. I’m curious to know if it’s due to robotics, if there’s some tactical, deliberate reason regarding the determination of the stock’s quantity/value, or if it’s the so-called law of supply and demand? Or all of these, or something else entirely?

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Surely the Active Group is still selling there and transferring the money to Summa?

They have such large amounts of shares.

Aapeli and Christoffer have written their preliminary comments on NYAB, which will publish its results on Wednesday. :slight_smile:

We expect the company’s annual revenue growth to accelerate to 15% (Q3’24: 6%), as the slower-than-expected growth in the previous quarter was mainly due to timing factors. Additionally, we expect the operating profit margin to improve, supported by a strong project portfolio and increased volumes. In addition to the financial figures, we will particularly focus on management’s comments regarding the market outlook and the company’s strategy following the successful acquisition of Dovre’s businesses at the beginning of January. Further information on the progress of integration and potential synergies are also key areas of our interest.

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October-December in brief

  • Revenue amounted to EUR 117.1 (87.8) million, representing growth of 33.3%.
  • Operating profit (EBIT) improved 85.5% and was EUR 12.3 (6.6) million, representing an EBIT margin of 10.5% (7.5%).
  • Free cash flow was EUR 18.3 (16.8) million.
  • Net debt/EBITDA was -0.55 (-0.26).
  • Order backlog improved 10.3% from December 2023 and amounted to EUR 325.1 (294.7) million.

January-December in brief

  • Revenue amounted to EUR 345.9 (280.4) million, representing growth of 23.4%.
  • Operating profit (EBIT) improved 66.9% and was EUR 25.4 (15.2) million, representing an EBIT margin of 7.3% (5.4%). In the comparison period in 2023, EBIT benefited by EUR 3.3 million related to the settlement of Mikkeli dispute in Finland.
  • Net profit was EUR 16.8 (9.0) million. Parent company’s re-domiciliation and listing transfer to Sweden had an effect of EUR 2.4 (1.5) million on finance expenses.
  • Free cash flow was EUR 22.5 (22.3) million. In comparison period in 2023, free cash flow benefited by EUR 9.2 million related to the settlement of Mikkeli dispute.
    ERITTÄIN VAHVA RAPORTTI. YLITTI REIPPAASTI.
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Apparently, the beat wasn’t enough for Mr. Market. The share price is down over 3%.

Kankaala and co. They probably just sell because the money goes to Summa? Unfortunately for this company and LARSSON, when good work and success have come, the reward is a sharp drop in stock price.

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CEO Johan Larsson was interviewed by Christoffer Jennel right after the Q4 release. :slight_smile:

Did anyone find a reason for the further hammering of the oversold stock?

Or is the syndicate just behind everything again?

The report was excellent in my opinion. A clear beat on expectations.

Christoffer and Aapeli have a fresh company report on NYAB. :slight_smile:

NYAB’s Q4 report was stronger than expected across the board. The Swedish market situation remained favorable for NYAB’s operations, and the mild winter conditions in the Nordics nicely boosted overall business. However, the order backlog grew significantly slower than revenue, partly due to the high delivery volumes in Q4. When this was combined with the lower-than-expected revenue from Dovre’s currently integrating businesses, the forecast changes for the coming years remained minor. Despite this, the expected return is still at a very attractive level, mainly due to the earnings growth we forecast for the coming years. We therefore reiterate our buy recommendation and maintain our target price at SEK 6.8.

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Very heavy trading in the past few days. Large block trades. What do experts think about why there are such large trades, especially when, for example, ownership information from Sweden is difficult to ascertain? One would think this would now be reflected in a price increase as obstacles are being removed.

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Are the Active Owners giving up, or have they already? Besides the CEO, no one else really has such large stakes.

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This is what I’ve understood, and notifications of sales have also come in. Haapala, Kankaala also resigned from the board. The money is apparently needed for Summa Defence.

Oulu-based Martti Haapala made a multi-million share deal and invests the money in Summa Defence: Defense company’s moves soon to be public | Talouselämä

They have been dumping shares for about half a year. Where would the share price be with this news without these mass sales?

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That’s fine, even small investors have time to buy at a moderate price. The rise will happen sooner or later if it’s meant to.