Morning Comment Sweden-06/16/2026

Research evidence excerpt

Morning Comment Sweden-06/16/2026

Morning Comment Sweden

16 JUN 2026

Today’s research focus S&P 500 intraday

7,600

• LIME - Lime Technologies - Buy, TP SEK 260: Shares have drifted 10% 7,580

lower since the Q1’26 print without any material news and despite

7,560

software peers +12% during the same period. We expect Q2 to add

7,540

further confidence to the growth recovery, with organic growth

accelerating to 9%, and margin trajectory, with a return to margin 7,520

expansion after two quarters of decline, contributing to a re-rating from 7,500

the current 13.9x/11.7x EV/EBITA 2026/27E. LINK 7,480

7,460

• ATRLJ.B - Atrium Ljungberg - Hold, TP SEK 32: Yesterday, Atrium 7,440

Ljungberg hosted a CMD, including a walkthrough of the portfolio, 7,420

strategy, market backdrop and the recently announced Ericsson lettings 16:00 17:00 18:00 19:00 20:00 21:00

in Hagastaden, while financial targets remained unchanged. Although the

event did not change our near-term view, it strengthened our conviction US and Asia indices (at time of publication)

in the long-term value creation potential. Management reinforced project 4.00%

development as the primary driver of future growth and presented a 3.07%

simulation illustrating substantial long-term earnings and NAV growth 3.00%

potential through 2033. The CMD also highlighted favourable long-term 2.00% 1.65%

rental growth prospects in key urban development areas. LINK

0.92%

1.00%

• CICN - CICOR - Buy, TP CHF 172: Cicor announces divestiture of Tunisia 0.20%

and implements an integration and productivity programme with above 0.00%

CHF 10 million EBITDA improvements. -1.00% -0.04%

-2.00% -1.65%

Dow S&P 500 Nasdaq Nikkei 225 Hang Seng Shanghai

S&P sector performance

-6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0%

Semiconductors 4.4%