Analysis Magnolia Bostad: Back on the targeted margins

Magnolia Bostad posted a profit in Q4 2019, although somewhat short of our forecast. The company seems to move in the right direction, having reached 22 percent gross margin on its transactions in Q4 2019. Given an unchanged revenue estimate, we hike our EPS forecast for FY 2020. We raise our share target price in our Base case scenario to SEK 55 (previously SEK 45). Read the full report here (Swedish).