I look at it in terms of peers: Lifco is in negative territories, Lagercrantz and Addtech is close to same level in regards to organic growth. Industrials are struggling right now, but it's an important piece to pay attention to.
Looks like organic growth came down to just 1% in Q4 and 3% for FY24. Any concerns on your end about the slowdown here? Their leverage still appears fairly manageable, but they will need to do a lot of acquisitions to maintain 15% growth if organic does not pick up.
I look at it in terms of peers: Lifco is in negative territories, Lagercrantz and Addtech is close to same level in regards to organic growth. Industrials are struggling right now, but it's an important piece to pay attention to.
Looks like organic growth came down to just 1% in Q4 and 3% for FY24. Any concerns on your end about the slowdown here? Their leverage still appears fairly manageable, but they will need to do a lot of acquisitions to maintain 15% growth if organic does not pick up.