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UBS predicts revenue growth for ALSO Holding after Westcoast acquisition
UBS has initiated coverage of ALSO Holding with a "buy" rating, anticipating accelerated revenue growth in 2025 following its acquisition of Westcoast, which added €40 billion in sales. This positions ALSO as the second largest IT distributor in Europe. While EBITDA margins are expected to dip slightly in 2025, they are projected to expand to 2.5% by 2029 due to a favorable mix shift and cost optimization strategies. The stock has risen 7.9% as of 0939 GMT.
Also Holding AG shares surge after UBS initiates buy rating
Also Holding AG shares surged over 7% after UBS Global Research initiated coverage with a "buy" rating, highlighting the company's position as the second-largest European IT distributor. The recent acquisition of Westcoast is expected to significantly boost sales and revenue growth, with projections of a 46% increase in FY25 driven by this consolidation and a favorable PC refresh cycle. UBS has set a price target of CHF 320 for the stock, anticipating continued margin improvements and cost optimization opportunities.
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