Berenberg initiates Bergman & Beving at 'buy' with 'decades of compounding'

About this update from Lagercrantz Group Ab Class B

** Berenberg initiates coverage of northern Europe-focused industrial group Bergman & Beving OMXSTO:BERG_B at "buy" with a SEK 380 PT, citing its return to a successful decentralised model ** The broker highlights a top-tier leadership team with deep experience from successful peers Addtech OMXSTO:ADDT_B and Lagercrantz OMXSTO:LAGR_B, which reinforces the firm's strategic direction ** Analysts sees the company's turnaround as well underway, forecasting underlying margins to improve toward 15% as it exits legacy low-margin businesses ** Berenberg believes Bergman & Beving has "decades of compounding ahead" and a long runway for growth due to its smaller size compared to its more established peers ** A re-rating is forecast as the valuation gap to peers closes, with the stock trading at a discount on its 2025 enterprise value to earnings (EV/EBITA) ratio, says the broker** Out of 4 analysts that cover Bergman & Beving AB, two rate the stock "strong buy" or "buy" and ​two rate "hold" - LSEG data

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