STORSKOGEN GROUP AB (STOR) Storskogen (Buy, TP: SEK8.70) - Another year of deleveraging focus

Q4 was weak with an 8.5% sales decline YOY and narrowing profit margins, while FCF generation remained a point of strength. The near-term outlook seems less supportive, translating into 11–7% cuts to our 2024–2025e EPS and with the focus remaining on deleveraging and internal efficiency. Thus, w [...]