The strong start to 2023 has now made its mark in the books, with the revenues to date already surpassing sales in the full year 2022. With breakthrough orders in several new markets and sales returning to pre-pandemic levels, 2023 appears to be a redemptive year for Motion Display. With a less binary investment case we’ve made changes to our WACC and sales estimates, and now find support of a new fair value range of SEK 1.9 – 2.1 (1.6 – 1.9) per share in 12-24 months.

Link to the analysis