Analysis Hanza: Acquisition of Ritter adds value

Hanza increases its earnings potential via the acquisition of the German company Ritter Elektronik GmbH. While Hanza´s earnings in Q2 2019 were on the low side, cash flow was considerably better. We raise our taget price to SEK 20.7 in our Base case scenario (previously SEK 18.9) following this. Read the full report here (Swedish).