Added to YB: 2026-02-20
Pitch date: 2026-02-17
0QLW.L [neutral]
ALSO Holding AG
+7.43%
current return
Author Info
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Company Info
ALSO Holding AG, together with its subsidiaries, operates as a technology services provider for the ICT industry in Switzerland, Germany, the Netherlands, Poland, and internationally.
Market Cap
CHF 1.8B
Pitch Price
CHF 140.00
Price Target
N/A
Dividend
3.82%
EV/EBITDA
7.88
P/E
15.67
EV/Sales
0.18
Sector
Electronic Equipment, Instruments and Components
Category
turnaround
ALSO Holding (ALSN Switzerland): acquisition growth masks margin softness
0QLW.L (update): H2 rev +44.9% to €7.6B (WestCoast acquisition), but EBITDA €160.4M missed by 11% on integration costs. FY25 EBITDA €286M (low end of €285-325M guide), ROCE 16% vs >17% target. FY26 guide: €300-340M EBITDA, >20% ROCE. 2027-29 targets: €425-525M EBITDA, >25% ROCE. €830M cash for M&A/returns.
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