Analyst Adela Dashian of Jefferies maintained a Buy rating on Systemair AB, retaining the price target of SEK100.00.
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Adela Dashian has given her Buy rating due to a combination of factors surrounding Systemair AB’s strategic acquisition of NADI Airtechnics Ltd. This acquisition is significant as it not only expands Systemair’s product portfolio with high-performance industrial fans and environmental solutions but also enhances its industrial capabilities. The deal is poised to strengthen Systemair’s presence in the rapidly growing Indian market, which is a key strategic region for the company.
Furthermore, NADI’s strong financial performance, with a turnover of approximately €13.5 million and an EBIT margin exceeding Systemair’s target, underscores the potential for profitable growth. The integration of NADI’s operations into Systemair’s global network is expected to open up new opportunities in Europe and North America, particularly in the railway and MRT sectors. This strategic move aligns with Systemair’s broader objective to expand in high-potential regions and diversify its industrial segment, making the stock an attractive buy.