Latour LATO B
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The news check keeps the assessment current.
General analysis — not personal advice.
Hold; consider adding gradually if buybacks continue at a meaningful pace and the share trades at a clear discount versus a conservative NAV scenario. Note the ex-dividend price adjustment and that buybacks may support the price short-term but do not remove portfolio/market risk.
Strong Q2 order intake, insider purchases and an improved balance sheet after divestments support the ongoing HOLD signal despite Pareto lowering its target price.
Sentiment has improved modestly after the divestments, insider buys and institutional preference for Latour over other investment companies, yet discussion around NAV discount and the listed portfolio remains.
HOLD is the call. Positive is the market mood. Low risk means less can go wrong.
Latest change
- 20 Aug 2026 — The report showed record order book and NAV of 204 kr per share, confirming strong order intake despite weaker revenue growth.
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Show all changes (5) — follow the company freeAbout the company
Investment AB Latour is a Swedish investment company with two legs: wholly owned industrial businesses and a portfolio of listed holdings. The group is profitable with conservative leverage and a long track record of active ownership. Its focus is long-term value creation through industrial development and capital allocation.
Bull case
Record order backlog and increased acquisition capacity can drive growth once order intake converts into revenue.
Bear case
Weakness in the construction sector and mixed performance in the listed portfolio may hold back NAV.
Why this signal
Strong Q2 order intake, insider purchases and an improved balance sheet after divestments support the ongoing HOLD signal despite Pareto lowering its target price.
Recent news
Insider purchases by the CFO and Vice CEO plus Millennium exiting as a short seller have supported sentiment. Latour increased its stake in Fagerhult to 48.6 % and Swegon won a large order in India. Tomra was pressured by a French decision on deposit systems, but Fitch confirmed the A credit rating.