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Agtira: Lidl deal solid stepping stone for Agtira towards FaaS-profitability - Emergers

With the fresh 10-year deal to supply Lidl from a new 10,000 sqm production facility in a FaaS-setup, Agtira is now about to get all the pieces in place for its rollout of vertical farming systems to the Swedish grocery market. Along with the partnership with real estate company NP3 Fastigheter and three new systems operational in 2024, Agtira is on pace for an ARR of SEK 97m by the end of 2024, and profitability in 2025. Encouraged by the positive news flow, we find support for a fair value of SEK 14-16 per share.

With the fresh 10-year deal to supply Lidl from a new 10,000 sqm production facility in a FaaS-setup, Agtira is now about to get all the pieces in place for its rollout of vertical farming systems to the Swedish grocery market. Along with the partnership with real estate company NP3 Fastigheter and three new systems operational in 2024, Agtira is on pace for an ARR of SEK 97m by the end of 2024, and profitability in 2025. Encouraged by the positive news flow, we find support for a fair value of SEK 14-16 per share.
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