Prenumeration
Elektroimportøren AS (or “the Company”) is a Norwegian retailer of electrical equipment, operating 29 stores and an online platform in Norway and Sweden. Through the private label Namron, offering everything from heating to cable, and installation service SpotOn, providing fixed cost, standardized installations, Elektroimportøren control the entire value chain, providing a distinct competitive edge. Despite challenges post-COVID leading to Elektroimportøren’s first-ever loss in 2023, the Company demonstrated resilience by achieving EBITDA profitability in Sweden, while maintaining strong unit economics in Norway. With the property sector and electric goods market expected to grow due to efficiency demands and improving economic climates, the Company is positioned to capitalize on the market tailwinds through the omnichannel approach. A weighted DCF and peer valuation support a 11x EV/EBIT multiple of estimated EBIT 2026, NOK 112m, implying a potential price per share of NOK 18.2 in a Base scenario.
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This is a press release from Analyst Group regarding the publication of an independent equity research report on Elektroimportøren. Elektroimportøren has had no opportunity to influence the parts where the Analyst Group has had opinions about the Company, future valuation or anything else that could conceivably constitute a subjective assessment