contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment CompanyTagList on Company {
  pageUrl
  name
  viewerIsFollowing
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    ...CompanyTagList
    id
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  availableLanguages
  pageUrl
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      defaultInstrument {
        isin
        id
      }
      id
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    id
    name
    viewerIsFollowing
    defaultInstrument {
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


__typename

title

isPremium

lang

htmlBody

companies

createdAt

publishers

authors

reactionGroups

availableLanguages

pageUrl

imgUrl

description

Analyst

Joonas Korkiakoski

Boreo operates in the retail industry. The company's products consist of electronics products and include everything from batteries, components, antennas, and cables to tools for demanding environments in electronics and communication. Sales take place via the company's E-commerce platform but also via physical stores. The largest presence is in the Finnish and Baltic markets. Boreo was previously known as Yleiselektroniikka and is headquartered in Espoo. 

SEB:n Q3-raportti: Shaky development Boreo continued sliding in Q3, with the quarter marking the fourth straight quarter of a decline in organic sales of at least 20%. Despite this, the margin management has been relatively good this year due to pricing, mix and cost action. However, we see leverage as clearly too high, hampering the M&A driven investment case significantly and increasing balance sheet risks. Our fair equity value is down to EUR 11-12 (13-15).            storage.googleapis.com              seb-reports-boreo-130632.pdf    941.76 KB

Tekoäly tuottaa aika hyvät ja tiiviit analyysit: Positive Points  Boreo Oyj has managed to maintain a decent profitability margin of around 6% despite a significant 30% decline in sales compared to the previous year. The company has successfully implemented cost-saving measures, achieving over EUR2 million in annual fixed cost savings, surpassing their initial target of EUR1 million. Order books have improved compared to Q2 2024, indicating a stronger short-term outlook and potential for future revenue growth. The company’s acquisitions over the past four years have yielded a 15% return, demonstrating effective investment strategies. Boreo Oyj has maintained its market share in all three of its Putzmeister markets, positioning itself well for profit generation when market conditions improve.  Negative Points  Boreo Oyj is facing a challenging market environment, with a significant decline in sales, particularly in the Finnish market, which heavily impacts their performance. The company’s profits have decreased from EUR10 million a year ago to EUR7 million, with returns dropping from 13%-12% to 8%. Leverage is elevated at 3.3x, exceeding the company’s target range, indicating financial strain. The Finnish economy’s poor performance is negatively affecting Boreo Oyj, as a significant portion of their portfolio is focused on this market. The company’s machinery and construction-related businesses have experienced a tough year, with postponed orders impacting revenue expectations.  Q & A Highlights Q: Given your comments on the order books, should we expect the revenue to have bottomed at Q3 despite the postponed deliveries in Putzmeister? A: Kari Nerg, CEO: Yes, the order book is generally stronger now, supporting our short-term outlook. We expect to operate above the current revenue levels going forward. Q: How are the changes in the Baltics, such as the closure of the B2C business in Estonia, affecting your numbers? A: Kari Nerg, CEO: The impact is not too heavy. While we lost some sales due to closures, the main reason for the decline is the return to more modest levels after strong growth in Latvia. Q: Do you see demand building up due to delayed investments by customers, and can your companies return to earlier levels if market conditions improve? A: Kari Nerg, CEO: Yes, there is some pent-up demand, especially in sectors like metal machinery. We believe there is significant upside potential in our portfolio once investment activity picks up. Q: Will the postponed deliveries of Putzmeister build up inventory before being delivered in H1 2025? A: Jesse Petaja, SVP - M&A: No, the payment terms with suppliers and customers are structured to prevent a significant increase in inventory levels. Q: Are you planning to pay back the old hybrid next spring? A: Kari Nerg, CEO: Yes, the plan is to follow through with the repayment, and we will release necessary information in accordance with the terms when the time is right.

Boreon kurssi elää omaa elämäänsä ei täysin seuraa yhtön todellista markkina arvoa ,  Omistus keskittynyt ja voidaan ihan perustellusti kyseenalaistaa missä pihvi.  suuria nousu/lasku % saadaan aikaan jo ihan muutamien kymmenien osakkeiden kaupoilla.  Pienosakkaan ei taida muuta, kun toivoa, että tämä hieno sarjayhdistelijä saa paketin kasaan ja uutta kasvua.  Ps. yhtiön vihjaama omistuspohjan (osakeanti) laajentaminen on näillä spekseillä kyllä miltei mahdoton tehtävä mutta jostain olisi kohta haalittava lisää limiittiä

Tulihan sieltä roima pudotus tavoitehintaan ja suosituskin laski. On kyllä surkuhupaisaa jos ja kun tähän markkinat reagoi suuremmin kuin eiliseen varsinaiseen tulokseen. Reaktio lopulta oli vain -0,4e alas (-2,78%)

Tässä on Petriltä tuore yhtiöraportti Boreosta.  Boreon Q3-luvut alittivat kirkkaasti odotuksemme, kun liikevaihdon selvästi ennakoimaamme voimakkaampi pudotus hautasi alleen kustannusten laskun. Selkeä kustannusrakenteen supistuminen ei käännä tuloskehityksen suuntaa, kun kysyntäajurit painavat voimakkaammin toiseen suuntaan. Tuntuvia ennusteiden laskuja heijastellen laskemme tavoitehintamme 15,0 euroon (aik. 20,0 euroa) ja suosituksemme vähennä-tasolle (aik. lisää). Osake on nähdäksemme myös ensi vuoteen katsottaessa täyteen hinnoiteltu ja nykyinen rahoitusasema rajoittaa yhtiön arvonluontia. Rapsasta lainattua: Rahavirta on pyörinyt väärään suuntaan investointien ja hybridin seurauksena Q3:n lopussa yhtiö on tehnyt 4,9 MEUR rahavirtaa, joka 5,1 MEUR:n investointien jälkeen tarkoittaa lievästi negatiivista vapaata rahavirtaa. Lisäksi vuokravastuut ja erityisesti hybridin korot ovat syöneet kassaa. Siten Q3:n lopussa Boreon nettovelka oli 34,9 MEUR:ssa, mikä vastaa 3,3x edellisen 12 kuukauden operatiivista käyttökatetta. Näin ollen yhtiön rahoitusasema on rasittunut, vaikka yhtiön mukaan sen kovenanttitasoihin on vielä matkaa. Rahoitusasema rajoittaa kuitenkin liikkumavaraa epäorgaaniselle kasvulle ja rahoitusaseman vahvistaminen mukavuusalueelle tulee vaatimaan aikaa.                   Inderes              Boreo Q3'24: Ennusteiden lasku söi arvostuksen nousuvaran - Inderes    Boreon Q3-luvut alittivat kirkkaasti odotuksemme, kun liikevaihdon selvästi ennakoimaamme voimakkaampi pudotus hautasi alleen kustannusten laskun. Selkeä kustannusrakenteen supistuminen ei käännä tuloskehityksen suuntaa, kun kysyntäajurit painavat...

Varastojen purkaminen ei suoraan vaikuta kannattavuuteen. Parantaahan se kassavirtoja mikäli tasetta saadaan keveämmäksi, mutta kirjanpidollinen tulos tulee vauhdilla alas mikäli niitä polkuhinnoilla myydään ulos. Jollain arvolla ne kuitenkin sinne taseeseen on kirjattu

Petri ja Kari keskustelivat yhtiön Q3:sta ja mm. näkymistä.    Aiheet: 00:00 Q3’24  00:57 Kustannussäästöt ja -rakenne  02:55 ”Uudet yhtiöt” performoivat paremmin kuin ”vanhat yhtiöt”  05:16 Investointikysyntä  07:30 Markkinatilanteessa piristymisen merkkejä  08:50 Toimenpiteet kasvuun palaamiseksi

Boreo

Boreo published its Q2 report on Thursday that operatively was nearly fully in line with our expectations. The company's businesses were in good shape and despite external challenges, financial...

<p>Boreo published its Q2 report on Thursday that operatively was nearly fully in line with our expectations. The company's businesses were in good shape and despite external challenges, financial performance is solid. The share’s valuation has risen but relative to the convincingly progressing acquisition strategy and the longer-term value creation potential it includes we do not consider the price to be too high. Thus, we consider the annual risk adjusted return expectation to still be sufficient. </p> 

	2020	21e	22e
Revenue	97.6	138.2	155.1
growth-%	63.02 %	41.55 %	12.24 %
EBIT (adj.)	5.9	9.7	12.4
EBIT-% (adj.)	6.02 %	7.04 %	7.97 %
EPS (adj.)	1.50	2.45	3.28
Dividend	0.40	0.44	0.48
Dividend %	1.36 %	3.86 %	4.21 %
P/E (adj.)	19.59	4.64	3.47
EV/EBITDA	15.11	4.26	3.12

Boreo: Solid attacking game

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Boreo

Key Estimate Figures06.08.2021

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Boreo

Key Estimate Figures06.08.2021

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