{"id":9370,"date":"2019-12-11T21:09:00","date_gmt":"2019-12-11T20:09:00","guid":{"rendered":"https:\/\/www.emergers.se\/?p=9370"},"modified":"2020-12-18T10:14:11","modified_gmt":"2020-12-18T09:14:11","slug":"transcendent_a","status":"publish","type":"post","link":"https:\/\/dev.emergers.se\/en\/transcendent_a\/","title":{"rendered":"Rider p\u00e5 regleringsv\u00e5gen"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"9370\" class=\"elementor elementor-9370\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d495213 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"d495213\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[{&quot;id&quot;:9501,&quot;url&quot;:&quot;https:\\\/\\\/dev.emergers.se\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/1606734318213.jpeg&quot;}],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-040a133\" data-id=\"040a133\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-13e32d8 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"13e32d8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-fc845dd\" data-id=\"fc845dd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-e5ca241\" data-id=\"e5ca241\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e2796df elementor-widget elementor-widget-spacer\" data-id=\"e2796df\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-29099c5 elementor-widget elementor-widget-text-editor\" data-id=\"29099c5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><span style=\"color: #ffffff;\">Transcendent Group<\/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<div class=\"elementor-element elementor-element-5a3eef2 elementor-widget elementor-widget-heading\" data-id=\"5a3eef2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Rider p\u00e5 regleringsv\u00e5gen<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1773f9b elementor-widget elementor-widget-text-editor\" data-id=\"1773f9b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><span style=\"color: #ffffff;\">First North | TRG.ST<\/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<div class=\"elementor-element elementor-element-55501a3 elementor-widget elementor-widget-spacer\" data-id=\"55501a3\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-69a2785\" data-id=\"69a2785\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-851125e elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"851125e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2ead8fb\" data-id=\"2ead8fb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c087d6d elementor-widget elementor-widget-spacer\" data-id=\"c087d6d\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-a182b09 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"a182b09\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-a6890f8\" data-id=\"a6890f8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-fc0af5f\" data-id=\"fc0af5f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d109228 elementor-widget elementor-widget-text-editor\" data-id=\"d109228\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<span style=\"color: #ff0000;\"><strong>ANALYS<\/strong><\/span>\u00a0<strong>Transcendent Group st\u00e5r f\u00f6rst i ledet att gynnas av den v\u00e5g av regleringar som forts\u00e4tter v\u00e4lla in \u00f6ver n\u00e4ringslivet. Medan covid-19 och Nya marknader tyngt l\u00f6nsamheten ser vi goda chanser att 2020 blir ett tillf\u00e4lligt hack i den positiva trenden, samtidig som den framsynta satsningen p\u00e5 RegTech kommer gynna v\u00e4rderingen p\u00e5 sikt. Med svarta siffror 2021 ser vi ett motiverat v\u00e4rde p\u00e5 aktien l\u00e5ngt \u00f6ver dagens niv\u00e5 p\u00e5 24 m\u00e5naders sikt.<\/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<div class=\"elementor-element elementor-element-d295b89 elementor-widget elementor-widget-spacer\" data-id=\"d295b89\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-f225bc9\" data-id=\"f225bc9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-31c66f8 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"31c66f8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-515f2c8\" data-id=\"515f2c8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1346259 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"1346259\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-e645e6f\" data-id=\"e645e6f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-16d2dbc\" data-id=\"16d2dbc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-07d279e elementor-widget elementor-widget-text-editor\" data-id=\"07d279e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<hr \/><p><span style=\"color: #000000; font-size: 14px;\"><strong>Report:<\/strong> Johan Widmark | <strong>Date:<\/strong> 2020-12-18<\/span><\/p><hr \/>\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<div class=\"elementor-element elementor-element-8d6d113 elementor-widget elementor-widget-text-editor\" data-id=\"8d6d113\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>P\u00c5 HUVUDKONTOR OCH<\/strong> myndigheter \u00e4r \u00e4mnen som regelefterlevnad, styrning och riskhantering hetare \u00e4n n\u00e5gonsin. Men trots att kundernas behov vuxit kraftigt senaste decenniet \u00e4r det ont om renodlade spelare inom Transcendent Groups nisch. Med sitt skarpa fokus p\u00e5 GRC, som st\u00e5r f\u00f6r Governance, Risk och Compliance, konkurrerar bolaget med revisionsbyr\u00e5er, diverse konsulter och storf\u00f6retagens egna, allt st\u00f6rre complianceavdelningar. Men precis som i fallet med IT, d\u00e4r f\u00f6retagens IT-avdelningar sv\u00e4llt oavbrutet senaste 30 \u00e5ren, har det inte hindrat de externa konsulternas tillv\u00e4xt, snarare tv\u00e4rtom. Enligt marknadsanalysf\u00f6rtaget Grand View Research v\u00e4ntas GRC-marknaden v\u00e4xa med 14% per \u00e5r 2020-2027 men Transcendent sj\u00e4lvt har h\u00f6gre ambitioner \u00e4n s\u00e5.<\/p><p>Den st\u00f6rsta efterfr\u00e5gan p\u00e5 bolagets tj\u00e4nster finns inom den finansiella sektorn \u00e4ven om andra sektorer, som exempelvis h\u00e4lso- och sjukv\u00e5rd ser ett \u00f6kade regleringstryck. En unders\u00f6kning av Dunn &amp; Phelps visade att kostnaden f\u00f6r Compliance hos finansiella institut uppgick till 4% av f\u00f6retagens oms\u00e4ttning 2017 och att denna siffra v\u00e4ntades \u00f6ka till 10% 2022.<\/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\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-98c4222\" data-id=\"98c4222\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-de27b60 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"de27b60\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-30d03fa\" data-id=\"30d03fa\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-c84b404 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"c84b404\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-f822940\" data-id=\"f822940\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-0859667\" data-id=\"0859667\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b870089 elementor-widget elementor-widget-spacer\" data-id=\"b870089\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7e5ee99 elementor-blockquote--skin-quotation elementor-blockquote--button-color-official elementor-widget elementor-widget-blockquote\" data-id=\"7e5ee99\" data-element_type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tRegelefterlevnad, motverkande av penningtv\u00e4tt och cyber security \u00e4r tre megatrender med stor underliggande efterfr\u00e5gan och d\u00e4r vi \u00e4r v\u00e4l positionerade att v\u00e4xa.\t\t\t<\/p>\n\t\t\t\t\t\t\t<footer>\n\t\t\t\t\t\t\t\t\t\t\t<cite class=\"elementor-blockquote__author\">Martin Malm, vd Transcendent Group<\/cite>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/footer>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-145343a\" data-id=\"145343a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c72e275 elementor-widget elementor-widget-spacer\" data-id=\"c72e275\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c0b72c2 elementor-widget elementor-widget-image\" data-id=\"c0b72c2\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img width=\"300\" height=\"300\" src=\"https:\/\/dev.emergers.se\/wp-content\/uploads\/2019\/12\/Martin-Malm-300x300.jpeg\" class=\"attachment-medium size-medium\" alt=\"\" srcset=\"https:\/\/dev.emergers.se\/wp-content\/uploads\/2019\/12\/Martin-Malm-300x300.jpeg 300w, https:\/\/dev.emergers.se\/wp-content\/uploads\/2019\/12\/Martin-Malm-150x150.jpeg 150w, https:\/\/dev.emergers.se\/wp-content\/uploads\/2019\/12\/Martin-Malm-768x768.jpeg 768w, https:\/\/dev.emergers.se\/wp-content\/uploads\/2019\/12\/Martin-Malm-12x12.jpeg 12w, https:\/\/dev.emergers.se\/wp-content\/uploads\/2019\/12\/Martin-Malm-100x100.jpeg 100w, https:\/\/dev.emergers.se\/wp-content\/uploads\/2019\/12\/Martin-Malm.jpeg 800w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t\t\t\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\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-31fcd46\" data-id=\"31fcd46\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e906f12 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"e906f12\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-13a5e3d\" data-id=\"13a5e3d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-5b4e414 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"5b4e414\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-2b2204c\" data-id=\"2b2204c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-9b17ffd\" data-id=\"9b17ffd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5e04d7d elementor-widget elementor-widget-spacer\" data-id=\"5e04d7d\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-306c47f elementor-widget elementor-widget-text-editor\" data-id=\"306c47f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Transcendents tj\u00e4nster omfattar allt fr\u00e5n informationss\u00e4kerhet, internrevision och bolagsstyrning till mer buzzword-liknande omr\u00e5den som digital governance, privacy och RegTech, d\u00e4r man erbjuder specialister inom varje f\u00e4lt. Om man blickar fram\u00e5t v\u00e4ntas framf\u00f6rallt RegTech, som erbjuder digitala abonnemangsprodukter inom GRC, utg\u00f6ra en viktig komponent i bolagets framtida erbjudande, och \u00e4ven dess v\u00e4rderingspotential.<\/p><p>Enligt Grand View Research utg\u00f6rs 64% av GRC-marknaden av mjukvarutj\u00e4nster, d\u00e4r riskhantering utg\u00f6r den st\u00f6rsta produktkategorin. I ljuset av att det \u00e4nnu \u00e4r glest med digitala produkter och tj\u00e4nster inom den nisch av GRC som Transcendent v\u00e4nder sig till finns en m\u00f6jlighet f\u00f6r bolaget att ta ledarpositionen i den h\u00e4r nischen, d\u00e4r det ocks\u00e5 finns goda sk\u00e4l att f\u00f6rv\u00e4nta en stark tillv\u00e4xt f\u00f6r fram\u00f6ver.<\/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\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-48c9613\" data-id=\"48c9613\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-7caa380 elementor-widget elementor-widget-spacer\" data-id=\"7caa380\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-983e569 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"983e569\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-746226e\" data-id=\"746226e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-979408f elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"979408f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-abe0189\" data-id=\"abe0189\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-9372995\" data-id=\"9372995\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7c6486c elementor-widget elementor-widget-text-editor\" data-id=\"7c6486c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<h4><strong>Stark makrobild motverkas av kraftig motvind p\u00e5 kort sikt <\/strong><\/h4>\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<div class=\"elementor-element elementor-element-36d9761 elementor-widget elementor-widget-text-editor\" data-id=\"36d9761\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Sedan bolaget skiftade fokus fr\u00e5n enbart IT till internrevision och kontroll, och Martin Malm tog \u00f6ver vd-skapet runt f\u00f6rra decennieskiftet har bolaget vuxit till omkring 130 konsulter. Den geografiska expansionen inleddes 2013 och efter nedst\u00e4ngningen av kontoret i Tyskland i Q320 finns bolaget nu p\u00e5 sju marknader i Norra Europa.<\/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\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-1c63897\" data-id=\"1c63897\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-a15d091 elementor-widget elementor-widget-spacer\" data-id=\"a15d091\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-593d921 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"593d921\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fb117e5\" data-id=\"fb117e5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-948e6e6 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"948e6e6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-d87e056\" data-id=\"d87e056\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-f437af7\" data-id=\"f437af7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ff5f23c elementor-widget elementor-widget-image\" data-id=\"ff5f23c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img width=\"1024\" height=\"640\" src=\"https:\/\/dev.emergers.se\/wp-content\/uploads\/2019\/12\/MAP-2-1024x640.jpg\" class=\"attachment-large size-large\" alt=\"\" srcset=\"https:\/\/dev.emergers.se\/wp-content\/uploads\/2019\/12\/MAP-2-1024x640.jpg 1024w, https:\/\/dev.emergers.se\/wp-content\/uploads\/2019\/12\/MAP-2-300x187.jpg 300w, https:\/\/dev.emergers.se\/wp-content\/uploads\/2019\/12\/MAP-2-768x480.jpg 768w, https:\/\/dev.emergers.se\/wp-content\/uploads\/2019\/12\/MAP-2-1536x960.jpg 1536w, https:\/\/dev.emergers.se\/wp-content\/uploads\/2019\/12\/MAP-2-16x10.jpg 16w, https:\/\/dev.emergers.se\/wp-content\/uploads\/2019\/12\/MAP-2.jpg 1732w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\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\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-8c68a3d\" data-id=\"8c68a3d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-b9fc0c7 elementor-widget elementor-widget-spacer\" data-id=\"b9fc0c7\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-31807b1 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"31807b1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6fdf8e5\" data-id=\"6fdf8e5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-aed1ade elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"aed1ade\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-085d5d9\" data-id=\"085d5d9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-964aac6\" data-id=\"964aac6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e62e260 elementor-widget elementor-widget-text-editor\" data-id=\"e62e260\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Trots en stark makrobild har 2020 varit tufft f\u00f6r bolaget, d\u00e5 man f\u00f6rutom st\u00e4ngningen av den tyska verksamheten \u00e4ven tvingats bromsa investeringarna i utvecklingen av RegTech-erbjudandet. Svackan under 2020 har framf\u00f6rallt slagit mot bel\u00e4ggningen snarare \u00e4n priserna, vilket betyder att m\u00e5nga kundprojekt v\u00e4ntar p\u00e5 att \u00e5teraktiveras n\u00e4r os\u00e4kerheten med pandemin l\u00e4ttar.<\/p><p>Vid noteringen av aktien i oktober 2019 angavs flera m\u00e5l som nu kan betraktas som n\u00e5gonstans mellan mycket sv\u00e5ra att n\u00e5 och helt obsoleta, delvis p\u00e5 grund av pandemin. Det l\u00e5ngsiktiga m\u00e5let \u00e4r en oms\u00e4ttning p\u00e5 1,2 miljarder SEK och en EBITDA-marginal p\u00e5 25% till \u00e5r 2025 samt att bolaget ska finnas i flera v\u00e4rldsdelar. Det var ett aggressivt m\u00e5l redan vid noteringen, men skulle fr\u00e5n dagens niv\u00e5 kr\u00e4va en snittillv\u00e4xt p\u00e5 45% per \u00e5r de kommande fem \u00e5ren. \u00c4ven om det ser osannolikt ut p\u00e5 organisk v\u00e4g s\u00e5 \u00e4r det mindre viktigt ur ett aktieperspektiv.<\/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\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-220e3f6\" data-id=\"220e3f6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-025e8b8 elementor-widget elementor-widget-spacer\" data-id=\"025e8b8\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1dcd956 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"1dcd956\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-79d3fa7\" data-id=\"79d3fa7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-43b17c4 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"43b17c4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-b2e8651\" data-id=\"b2e8651\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-20bbc5a\" data-id=\"20bbc5a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5a56ef9 elementor-widget elementor-widget-text-editor\" data-id=\"5a56ef9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<h4><strong>Utsikter och v\u00e4rdering l\u00e4mnar utrymme f\u00f6r betydande omv\u00e4rdering <\/strong><\/h4>\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<div class=\"elementor-element elementor-element-6f6dbc2 elementor-widget elementor-widget-text-editor\" data-id=\"6f6dbc2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>\u00c4ven om det \u00e4r sv\u00e5rt att sia om hur snabbt och starkt bolagets segment Etablerade Marknader kan \u00e5terh\u00e4mta sig n\u00e4r os\u00e4kerheten med pandemin l\u00e4gger sig, s\u00e5 fortsatte segmentet Nya marknader, som utg\u00f6r drygt 1\/5 av oms\u00e4ttningen, att visa tillv\u00e4xt p\u00e5 v\u00e4l \u00f6ver 100% under de f\u00f6rsta tre kvartalen 2020, trots Covid-lockdown i Europa. Efter gjorda kostnadsneddragningar och anpassningar under 2020 ser vi ocks\u00e5 goda f\u00f6ruts\u00e4ttningar f\u00f6r Nya marknader att v\u00e4nda till vinst under 2021-2022.<\/p><p>Med f\u00f6rv\u00e4ntan om en \u00e5terh\u00e4mtning f\u00f6r tillv\u00e4xten p\u00e5 Etablerade Marknader och en f\u00f6rb\u00e4ttring av l\u00f6nsamheten p\u00e5 Nya Marknader borde en snittillv\u00e4xt kommande tre \u00e5r i niv\u00e5 med den f\u00f6rv\u00e4ntade marknadstillv\u00e4xten p\u00e5 14% ses som ett defensivt scenario med goda chanser att \u00f6verraska p\u00e5 uppsidan.<\/p><p>F\u00f6r RegTech ser vi mycket goda f\u00f6ruts\u00e4ttningar f\u00f6r tillv\u00e4xt kommande \u00e5r, men fr\u00e5n betydligt l\u00e4gre absoluta niv\u00e5er. D\u00e4rf\u00f6r kommer det ocks\u00e5 dr\u00f6ja innan RegTech ger n\u00e5got betydande genomslag p\u00e5 siffrorna. D\u00e4remot kommer en \u00e5terstart i investeringarna i bolagets digitala erbjudande och en fortsatt internationell expansion vara positivt f\u00f6r det l\u00e5ngsiktiga v\u00e4rdeskapandet i bolaget.<\/p><p>En j\u00e4mf\u00f6relse med andra noterade konsultbolag som IT-konsulter (d\u00e4r Transcendent har sina r\u00f6tter) och aff\u00e4rskonsulter ger en god fingervisning b\u00e5de om hur bolaget kan komma att utvecklas operationellt och hur v\u00e4rderingspotentialen ser ut. J\u00e4mf\u00f6rt med m\u00e5nga andra noterade konsultbolag uppvisar Transcendent dock ett kraftigare s\u00e4songsm\u00f6nster, d\u00e4r en stor del av vinsten genereras i Q4.<\/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\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-7a4c1c9\" data-id=\"7a4c1c9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-d982599 elementor-widget elementor-widget-spacer\" data-id=\"d982599\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c1798c0 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"c1798c0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b9855f7\" data-id=\"b9855f7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-5da9384 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"5da9384\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-1086d1e\" data-id=\"1086d1e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-114a8ab\" data-id=\"114a8ab\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a0aee74 elementor-widget elementor-widget-image\" data-id=\"a0aee74\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img width=\"1024\" height=\"356\" src=\"https:\/\/dev.emergers.se\/wp-content\/uploads\/2019\/12\/PeersII-2020-12-18-1024x356.png\" class=\"attachment-large size-large\" alt=\"\" srcset=\"https:\/\/dev.emergers.se\/wp-content\/uploads\/2019\/12\/PeersII-2020-12-18-1024x356.png 1024w, https:\/\/dev.emergers.se\/wp-content\/uploads\/2019\/12\/PeersII-2020-12-18-300x104.png 300w, https:\/\/dev.emergers.se\/wp-content\/uploads\/2019\/12\/PeersII-2020-12-18-768x267.png 768w, https:\/\/dev.emergers.se\/wp-content\/uploads\/2019\/12\/PeersII-2020-12-18-16x6.png 16w, https:\/\/dev.emergers.se\/wp-content\/uploads\/2019\/12\/PeersII-2020-12-18.png 1090w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\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\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-eee798b\" data-id=\"eee798b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-793a026 elementor-widget elementor-widget-spacer\" data-id=\"793a026\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7bdcbe3 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"7bdcbe3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ffba68b\" data-id=\"ffba68b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-b65e7c6 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"b65e7c6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-c9ec030\" data-id=\"c9ec030\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-1b57b8c\" data-id=\"1b57b8c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-eec14a7 elementor-widget elementor-widget-text-editor\" data-id=\"eec14a7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>En tematiskt n\u00e4rliggande kollega p\u00e5 b\u00f6rsen \u00e4r Karnov Group, som dock har en helt annan karakt\u00e4r, med h\u00f6g marknadspenetration, l\u00e5g f\u00f6rv\u00e4ntad tillv\u00e4xt och h\u00f6g l\u00f6nsamhet, allts\u00e5 raka motsatsen till Transcendents profil med l\u00e5g marknadsandel, h\u00f6g tillv\u00e4xtpotential och pressad l\u00f6nsamhet. Som b\u00e4st ger Karnovs h\u00f6ga multiplar en indikation om hur marknaden kan komma att se p\u00e5 RegTech n\u00e4r den verksamheten v\u00e4l kommer upp i storlek.<\/p><p>Transcendent kom till marknaden i oktober 2019 med en snittillv\u00e4xt p\u00e5 22 procent per \u00e5r i ryggen och mycket h\u00f6ga tillv\u00e4xtambitioner. Men kombinationen av Covid-19, en inbromsning i tillv\u00e4xt och l\u00f6nsamhetsutmaningar p\u00e5 Nya Marknader under senaste \u00e5ret har gjort att bolaget haft sv\u00e5rt att leva upp till f\u00f6rv\u00e4ntningarna, med f\u00f6ljden att kursen halverats sedan noteringen. Fr\u00e5gan \u00e4r om bolaget st\u00e5r inf\u00f6r en fortsatt utf\u00f6rsl\u00f6pa eller om vi \u00e4r n\u00e4ra v\u00e4ndpunkten? Mycket talar f\u00f6r det senare.<\/p><p>Vi r\u00e4knar med att Transcendent \u00e5terh\u00e4mtar sig till svarta siffror p\u00e5 EBIT-niv\u00e5 2021, och n\u00e4rmar sig en h\u00e4lsosam r\u00f6relsemarginal 2022-2023. D\u00e5 handlas aktien till 17x EV\/EBIT 2021 och 6x EV\/EBIT 2022. Det kan j\u00e4mf\u00f6ras med rullande 12 m\u00e5naders EV\/EBIT-multiplar f\u00f6r de svenska IT-konsulterna p\u00e5 20x och drygt 31x EBIT f\u00f6r aff\u00e4rskonsulterna. Med ledning av det och en justering av nettokassan ser vi d\u00e4rf\u00f6r en motiverad kurs f\u00f6r aktien p\u00e5 40 kr p\u00e5 24 m\u00e5naders sikt. Den \u00e4r dock f\u00f6rknippad med h\u00f6g os\u00e4kerhet kring exekveringen av bolagets tillv\u00e4xtplan men gynnas samtidigt av en stabilt positiv efterfr\u00e5getrend. D\u00e4rf\u00f6r kommer int\u00e4ktsutvecklingen p\u00e5 Etablerade Marknader, l\u00f6nsamheten p\u00e5 Nya Marknader vara viktiga faktorer att bevaka kommande kvartal. Alla nyheter om RegTech och en \u00e5terstart av investeringarna i det digitala erbjudandet kommer ocks\u00e5 vara viktiga f\u00f6r sentimentet till aktien.<\/p><p>Slutligen \u00e4r det ocks\u00e5 v\u00e4rt att notera bolagets fokus p\u00e5 att erbjuda en attraktiv arbetsplats, d\u00e4r vd g\u00e4rna trycker p\u00e5 bolagets v\u00e4rderingsstyrda f\u00f6retagskultur. Det h\u00e4r har bekr\u00e4ftats av b\u00e5de ett flertal rankingar av Great Place To Work och det faktum att hela 90% av de anst\u00e4llda valde att k\u00f6pa aktier n\u00e4r de bj\u00f6ds in 2018. S\u00e4rskilt det sistn\u00e4mnda b\u00f6r v\u00e4ga tungt i en utomst\u00e5endes bed\u00f6mning av kvaliteten p\u00e5 bolaget.<\/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\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-1ddb51d\" data-id=\"1ddb51d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-078e01e elementor-widget elementor-widget-spacer\" data-id=\"078e01e\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-494d2e9 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"494d2e9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d78c94c\" data-id=\"d78c94c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-d1c04a9 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"d1c04a9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-838a230\" data-id=\"838a230\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-cc35613\" data-id=\"cc35613\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3c79e0e elementor-widget elementor-widget-image\" data-id=\"3c79e0e\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img width=\"1024\" height=\"508\" src=\"https:\/\/dev.emergers.se\/wp-content\/uploads\/2019\/12\/Summary-2020-12-18-1024x508.png\" class=\"attachment-large size-large\" alt=\"\" srcset=\"https:\/\/dev.emergers.se\/wp-content\/uploads\/2019\/12\/Summary-2020-12-18-1024x508.png 1024w, https:\/\/dev.emergers.se\/wp-content\/uploads\/2019\/12\/Summary-2020-12-18-300x149.png 300w, https:\/\/dev.emergers.se\/wp-content\/uploads\/2019\/12\/Summary-2020-12-18-768x381.png 768w, https:\/\/dev.emergers.se\/wp-content\/uploads\/2019\/12\/Summary-2020-12-18-16x8.png 16w, https:\/\/dev.emergers.se\/wp-content\/uploads\/2019\/12\/Summary-2020-12-18.png 1100w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\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\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-0d7c5df\" data-id=\"0d7c5df\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-36b8e80 elementor-widget elementor-widget-spacer\" data-id=\"36b8e80\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-dcfaf2f elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"dcfaf2f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5afba45\" data-id=\"5afba45\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-e6f5fec elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"e6f5fec\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-6b1325a\" data-id=\"6b1325a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-e4f892d\" data-id=\"e4f892d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c97ba08 elementor-widget elementor-widget-spacer\" data-id=\"c97ba08\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-743e230 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"743e230\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d162841 elementor-widget elementor-widget-text-editor\" data-id=\"d162841\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Johan Widmark | Tel: 0739196641 | Mail: <a href=\"mailto:johan@emergers.se\">johan@emergers.se<\/a><\/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<div class=\"elementor-element elementor-element-569831e elementor-widget elementor-widget-text-editor\" data-id=\"569831e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>DISCLAIMER<\/strong><br \/>Information som tillhandah\u00e5lls p\u00e5 eller via denna webbplats \u00e4r inte avsedd att vara finansiell r\u00e5dgivning. Emergers mottar ers\u00e4ttning f\u00f6r att skriva om bolaget p\u00e5 den h\u00e4r sidan. Bolaget har givits m\u00f6jlighet att p\u00e5verka faktap\u00e5st\u00e5enden f\u00f6re publicering, men prognoser, slutsatser och v\u00e4rderingsresonemang \u00e4r Emergers egna. F\u00f6r att undvika intressekonflikter har Emergers skribenter inga innehav i de noterade bolag vi skriver om. Analysartiklar skall ej betraktas som en rekommendation eller uppmaning att investera i bolagen som det skrivs om. Emergers kan ej garantera att de slutsatser som presenteras i analysen kommer att uppfyllas. Emergers kan ej h\u00e5llas ansvariga f\u00f6r vare sig direkta eller indirekta skador som orsakats av beslut fattade p\u00e5 grundval av information i denna analys. Investerare uppmanas att komplettera med ytterligare material och information samt konsultera en finansiell r\u00e5dgivare inf\u00f6r alla investeringsbeslut. F\u00f6r fullst\u00e4ndiga villkor se <a href=\"https:\/\/dev.emergers.se\/en\/privacy-policy\/\">here<\/a>.<\/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<div class=\"elementor-element elementor-element-ad969c5 elementor-widget elementor-widget-spacer\" data-id=\"ad969c5\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ce84aa6 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"ce84aa6\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b652e3a elementor-widget elementor-widget-spacer\" data-id=\"b652e3a\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-4b58966\" data-id=\"4b58966\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-495a2f9 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"495a2f9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-265a758\" data-id=\"265a758\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-3597feb elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"3597feb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-9e16531\" data-id=\"9e16531\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-f52ca2b\" data-id=\"f52ca2b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-01f11ad elementor-widget elementor-widget-spacer\" data-id=\"01f11ad\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b279cf6 elementor-widget elementor-widget-text-editor\" data-id=\"b279cf6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<h4>L\u00e4s \u00e4ven<\/h4>\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<div class=\"elementor-element elementor-element-6008738 elementor-widget elementor-widget-spacer\" data-id=\"6008738\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-b007d96\" data-id=\"b007d96\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"tmnf_excerpt\"><p>Transcendent Group First North | TRG.ST ANALYS\u00a0Transcendent Group st\u00e5r f\u00f6rst i ledet att gynnas av den v\u00e5g av regleringar som forts\u00e4tter v\u00e4lla in \u00f6ver n\u00e4ringslivet. Medan covid-19 och Nya marknader tyngt l\u00f6nsamheten ser vi goda chanser att 2020 blir ett tillf\u00e4lligt hack i den positiva trenden, samtidig som den framsynta satsningen p\u00e5 RegTech kommer gynna &hellip;<\/p>\n<\/div>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"spay_email":""},"categories":[1],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/posts\/9370"}],"collection":[{"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/comments?post=9370"}],"version-history":[{"count":60,"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/posts\/9370\/revisions"}],"predecessor-version":[{"id":9521,"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/posts\/9370\/revisions\/9521"}],"wp:attachment":[{"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/media?parent=9370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/categories?post=9370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/tags?post=9370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}