{"id":10610,"date":"2020-03-30T09:00:00","date_gmt":"2020-03-30T07:00:00","guid":{"rendered":"https:\/\/www.emergers.se\/?p=10610"},"modified":"2021-03-30T10:22:07","modified_gmt":"2021-03-30T08:22:07","slug":"loudspring_b_en","status":"publish","type":"post","link":"https:\/\/dev.emergers.se\/en\/loudspring_b_en\/","title":{"rendered":"Loudspring\u2019s Eagle Filters finally ready to soar"},"content":{"rendered":"
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\n\t\t\t\tLoudspring has a number of exciting unlisted growth companies in its portfolio. With the CE certification of the respirators, Loudspring\u2019s Eagle is now set to scale-up manufacturing in 2021 and capture a market opportunity that is likely to persist beyond the rollout of vaccinations. For Loudspring, we see this as a potential trigger to drive a shift in sentiment, increase attention to unearth one of First North\u2019s most well-kept secrets valuation-wise and reduce the discount to NAV.<\/strong>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Johan Widmark | Date:<\/strong> 2021-03-30<\/span><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Opportunity in respirators not factored into today’s valuation\u00a0<\/h5>

With a dual listing on First North in Stockholm and Helsinki, Loudspring offers exposure to an interesting portfolio of unlisted cleantech companies, based on the idea that solving some of the sustainability challenges our planet faces translates into a unique opportunity to grow profitable businesses. After a challenging 2020, where digital businesses like Nuuka Solutions and ResQ Club fared better than businesses focused on selling investment goods like Eagle Filters and Sofi Filtration, things are now starting to look up for the portfolio\u2019s Core Holdings.<\/p>

While the Loudspring share traded at a discount to NAV already a year ago, Eagle Filters\u2019 decision to venture into respirators offers both a considerable growth opportunity on top of the existing Core Holdings that in not factored into today\u2019s valuation. It also provides a news-driven trigger for new attention from investors with the capacity to boost the market\u2019s appreciation for the whole portfolio that is continuing to grow at large.<\/p>

Significant opportunity remains a year after the onset of covid<\/h5>

Based on its core business of providing advanced air filtration solutions for gas turbines to energy utilities, Eagle Filters was in a unique position to expand to develop its own high quality respirator product line to address the surge in need for respirators when the covid pandemic hit. However, due to a longer than expected time to process the CE certification for the FFP2 and FFP3 respirator products, respirator sales volume and revenue in 2020 was significantly lower than initially expected.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\tDomestic manufacturing is a security of supply issue for all countries. We will continue to develop our manufacturing capability and believe that our FFP3 respirators provide us an excellent platform to be competitive on the world market in the long run.\t\t\t<\/p>\n\t\t\t\t\t\t\t