Added to YB: 2026-05-08
Pitch date: 2026-05-06
HTRO.ST [bullish]
Hexatronic Group AB (publ)
+0.33%
current return
Author Info
Fjord Alpha shares deep dives on Northern European mid-caps targeting 20%+ CAGR. Private investor with Nordic roots. 25 years in-market. Independent and long-term, looking for non-consensus ideas the market is not pricing. Sign up for the newsletter.
Company Info
Hexatronic Group AB (publ), together with its subsidiaries, develops, manufactures, markets, and sells fiber communication solutions in Sweden, the United States, Germany, the United Kingdom, and internationally.
Market Cap
SEK 6.6B
Pitch Price
SEK 39.89
Price Target
95.00 (+130%)
Dividend
N/A
EV/EBITDA
15.99
P/E
-699.17
EV/Sales
1.19
Sector
Electrical Equipment
Category
turnaround
Hexatronic Q1-26: The inflection point is here
HTRO.ST (holding update): Q1 EBITA margin 8.6% vs Q4's 7.2%, ending 5-qtr decline. Data Center now largest profit contributor (SEK73M, 16.8% margin), overtaking Fiber Solutions. US fiber returned to organic growth earlier than expected. SEK120M cost program complete. JOWO acquisition expands defense/energy exposure. Stock +80% since Dec '25 BUY. Target SEK95 (~20% IRR) on 17x EV/EBITA, 10% sales CAGR, 9% margin, 50% FCF conversion.
Read full article (8 min)