SB1 Markets reiterates its Buy rating on defence technology company MilDef and raises its price target to SEK 285 from 272 following the Q3 report, according to an analysis.
Order intake rose 130 percent to a record-high SEK 2.1 billion. Adjusted EBITA increased 113 percent to SEK 180.5 million, with a record margin of 21.8 percent.
The order book for delivery in 2027 now covers 80 percent of consensus full-year revenue, reducing forecast risk.
The bank’s EBITA forecast for 2027 is 10 percent above consensus. The stock is valued at 15x expected EBIT, compared with 18x for similar companies.
