Västra Hamnen Market Focus: Movinn: Focus on existing markets
• Optimisations improve positioning for 2024
• Strong growth in Sweden during 2023
• We maintain our fair share estimate of DKK 7.85 per share
Movinn’s fourth quarter of 2023 concluded a turbulent year. After impressive growth in 2022, the focus for last year was on portfolio optimisation. Due to various external and internal factors, the company was not able to execute its strategic plan. Looking towards 2024, the strategy remains similar to 2023, with a focus on existing markets, portfolio optimisation and fewer added units.
The full report is available here.