Analysts with coverage on Kreate
- Mika Karppinen, Danske Bank
- Olli Koponen, Inderes
New: Extensive report by Inderes
Infrastructure builder Kreate has been one of the strongest growing and most profitable companies in its sector. Kreate’s above-market growth has been driven by its expertise in demanding infrastructure construction projects and the company’s success in executing these projects has given it a good market position in its field. We reiterate our Accumulate recommendation, revising our target price to EUR 9.00 (was EUR 8.50).
Danske Bank’s analyst reports
Q3 expectations: We expect Kreate’s revenues to have continued to decline in Q3 burdened by the weakened order backlog. We forecast Q3 revenue decline of 14% y/y with EBITA margin of 4.1% versus previous year’s 3.3%. Our estimates are well in line with Refinitiv consensus. We believe that the margins are supported by the easing burden from inflation and the completed problem projects. In the previous quarters EBITA-margin has improved by 0.7-1.2 percentage units y-o-y.
Read the whole analyst report:
Post Q2 2024 (16 July 2024)
Post Q1 2024 (26 April 2024)
Pre Q1 2024 (10 April 2024)
Inderes’s analyst reports
Extensive report on Kreate by Inderes (1 October 2024)
Company analysis Q2 2024 by Inderes (17 July 2024)
Company analysis Q1 2024 by Inderes (29 April 2024)
Company analysis Q4 2023 by Inderes (1 Feb 2024)
Extensive report on Kreate by Inderes (28 Nov 2023)
All Inderes reports
All comments and reports by Inderes can be found on their website.
Read all analyst reports by InderesThe analyses produced by the aforementioned analysts are independent and impartial views of those following Kreate. Kreate is not responsible for the veracity, completeness or use of the information by anyone. The information does not represent the views, forecasts or estimates of Kreate or its management and is not intended to be investment advice. Kreate is in no way responsible for your use of the content provided on the site.