Bravida Holding AB — Cyborg Score 5/10

Mixed
Building Services & Technical Installation

Strategic Profile

Bravida operates across five geographical divisions: North, Stockholm, South, Norway and Denmark. The company focuses on strategic project selection and service business expansion alongside strong cash flow and low debt enabling acquisitions for diversification.

Cyborg Score Rationale

Q3 2025 showed EBITDA margin improvement to 5.3% and 24% EPS growth, but net sales fell 2.2% with negative 3% organic growth. The CEO noted the market has bottomed out but improvement will take several quarters, with the company preparing for the next economic cycle.

Top Insights

  • Revenue declined 4.87% YoY in 2025 to 28.21 billion SEK, reflecting challenging Nordic construction market conditions
  • EBITDA margins improved to 5.3% in Q3 2025 despite volume declines, showing operational efficiency gains
  • Trading significantly below analyst fair value estimates (62.2% discount) with 4.68% dividend yield suggesting undervaluation
  • Service and maintenance business focus alongside strategic project selection targeting margin expansion and organic recovery

Named Competitors

  • Building Systems Integration Services — Local and regional electrical, HVAC, and plumbing installation competitors
  • Property Services and Maintenance — Facility management and building services competitors

Recent Developments

  • (October 2025) Q3 2025: EBITDA margin reached 5.3%, EPS grew 24%, but organic growth remained negative at -3%
  • (February 2026) Company focus on high-margin projects and service growth to enhance profitability amid market challenges
  • (January 2026) Full-year 2025 guidance maintained near 5% EBITDA margin with expectations for gradual market recovery

Open the full interactive Bravida Holding AB report

Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.

Open report →