Modest organic beat, valuation still fair

Research evidence excerpt

Modest organic beat, valuation still fair

Bufab

Stock price, company ratings and target price history

Company: Bufab Currency: SEK Current Recommendation: HOLD

Date: 13/7/2026 Current Target price: 130.00

Current Share price: 130.80

Bufab Rating History as of 07-13-2026

03/10/24 24/10/24 02/12/24 28/03/25 24/04/25 24/06/25 27/10/25 18/12/25

I:BUY:SEK450.00 BUY:SEK475.00 BUY:SEK500.00 BUY:SEK475.00 BUY:SEK425.00 BUY:SEK105.00 BUY:SEK110.00 HOLD:SEK105.00

SEK600 SEK1,200

SEK500 SEK1,100

SEK400

SEK1,000

SEK300

SEK900

SEK200

SEK100 SEK800

SEK0 SEK700

Oct-23 Jan-24 Apr-24 Jul-24 Oct-24 Jan-25 Apr-25 Jul-25 Oct-25 Jan-26 Apr-26 Jul-26

06/02/26 23/04/26 07/07/26

HOLD:SEK110.00 HOLD:SEK125.00 HOLD:SEK130.00

BUFAB-SE (L Axis) Stockholm OMX All Share Index (R Axis)

Data Source: ABG Sundal Collier, FactSet

Important Company Specific Disclosure

The following disclosures relate to the relationship between ABG Sundal Collier and its affiliates and the companies covered by

ABG Sundal Collier referred to in this research report.

Unless disclosed in this section, neither ABG Sundal Collier nor any of their affiliated or associated companies and their

directors, officers, representatives, and employees have any required regulatory disclosures to make in relation to an ownership

position for the analyst(s) and members of the analyst's household, ownership by ABG Sundal Collier and/or its affiliates,

ownership in ABG Sundal Collier Holding ASA by the company(ies) to whom the recommendation(s) refer(s) to, liquidity

provision/market making agreement, managed or co-managed public offerings, compensation for provision of certain services,

directorship of the analyst, or a member of the analyst's household, or in relation to any contractual obligations to the issuance

of this research report.