New Risk • Jul 19
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 46% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 19
Second quarter 2026 earnings released: EPS: kr1.03 (vs kr0.69 in 2Q 2025) Second quarter 2026 results: EPS: kr1.03 (up from kr0.69 in 2Q 2025). Revenue: kr589.2m (up 37% from 2Q 2025). Net income: kr55.1m (up 50% from 2Q 2025). Profit margin: 9.4% (up from 8.5% in 2Q 2025). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr91.00, the stock trades at a trailing P/E ratio of 32.8x. Average trailing P/E is 28x in the Industrials industry in Sweden. Total returns to shareholders of 49% over the past year. Reported Earnings • May 11
First quarter 2026 earnings released: EPS: kr0.50 (vs kr0.37 in 1Q 2025) First quarter 2026 results: EPS: kr0.50 (up from kr0.37 in 1Q 2025). Revenue: kr460.5m (up 28% from 1Q 2025). Net income: kr26.5m (up 35% from 1Q 2025). Profit margin: 5.8% (up from 5.5% in 1Q 2025). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr80.00, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 28x in the Industrials industry in Sweden. Total returns to shareholders of 61% over the past year. Announcement • Apr 11
Karnell Group AB (publ) (OM:KARNEL B) acquired 98% stake in Flex7 Limited from Paul Bellamy and others. Karnell Group AB (publ) (OM:KARNEL B) acquired 98% stake in Flex7 Limited from Paul Bellamy and others on April 10, 2026. As part of the transaction, Karnell acquires 98% of the shares in Flex7, with the remaining 2% retained by Paul Bellamy. Flex7 will be consolidated into Karnell’s Product Companies business area. The current managing director, Paul Bellamy will continue in his role, ensuring continuity and long-term alignment going forward.
Flex7 Limited generates annual revenue of approximately £9 million with strong profitability.
Karnell Group AB (publ) (OM:KARNEL B) completed the acquisition of 98% stake in Flex7 Limited from Paul Bellamy and others on April 10, 2026. Announcement • Apr 02
Karnell Group AB (publ), Annual General Meeting, May 08, 2026 Karnell Group AB (publ), Annual General Meeting, May 08, 2026, at 10:00 W. Europe Standard Time. Location: haymarket by scandic, hotorget 13 15, stockholm Sweden Announcement • Mar 17
Karnell Group AB (publ) (OM:KARNEL B) acquired 90% stake in Oba Tradizione Futura Srl. Karnell Group AB (publ) (OM:KARNEL B) acquired 90% stake in Oba Tradizione Futura Srl on March 16, 2026.
Through the acquisition, Karnell expands into the Italian market and further strengthens its Niche Production business area. Oba Tradizione generated annual revenue of approximately EUR11 million and holds ISO 9001 and ISO 14001 certifications, reflecting its high standards for quality and environmental management. Karnell acquires 90% of the shares in OBA Tf, with an option to acquire the remaining shares after five years. In addition, a performance-based earn-out will be paid based on the company’s performance during the period 2026–2028.
Karnell Group AB (publ) (OM:KARNEL B) completed the acquisition of 90% stake in Oba Tradizione Futura Srl on March 16, 2026. Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: kr2.67 (vs kr1.54 in FY 2024) Full year 2025 results: EPS: kr2.67 (up from kr1.54 in FY 2024). Revenue: kr1.69b (up 20% from FY 2024). Net income: kr141.5m (up 83% from FY 2024). Profit margin: 8.4% (up from 5.5% in FY 2024). The increase in margin was driven by higher revenue. Announcement • Jan 02
Karnell Group AB (publ)(OM:KARNEL B) dropped from OMX Nordic Small Cap Index Karnell Group AB (publ)removed from OMX Nordic Small Cap Index. Recent Insider Transactions Derivative • Nov 18
Co-Founder & Director exercised options to buy kr12m worth of stock. On the 13th of November, Hans Karlander exercised options to buy 181k shares at a strike price of around kr22.40, costing a total of kr4.1m. This transaction amounted to 40% of their direct individual holding at the time of the trade. Since December 2024, Hans has owned 3.07m shares directly. Company insiders have collectively bought kr5.9m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: kr0.88 (vs kr0.55 in 3Q 2024) Third quarter 2025 results: EPS: kr0.88 (up from kr0.55 in 3Q 2024). Revenue: kr438.3m (up 23% from 3Q 2024). Net income: kr46.4m (up 60% from 3Q 2024). Profit margin: 11% (up from 8.2% in 3Q 2024). The increase in margin was driven by higher revenue. Buy Or Sell Opportunity • Oct 14
Now 20% undervalued Over the last 90 days, the stock has risen 1.4% to kr56.80. The fair value is estimated to be kr71.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last year. Earnings per share has grown by 64%. Reported Earnings • Jul 20
Second quarter 2025 earnings released: EPS: kr0.70 (vs kr0.30 in 2Q 2024) Second quarter 2025 results: EPS: kr0.70 (up from kr0.30 in 2Q 2024). Revenue: kr433.4m (up 21% from 2Q 2024). Net income: kr36.8m (up 133% from 2Q 2024). Profit margin: 8.5% (up from 4.4% in 2Q 2024). The increase in margin was driven by higher revenue. Reported Earnings • May 07
First quarter 2025 earnings released: EPS: kr0.37 (vs kr0.051 in 1Q 2024) First quarter 2025 results: EPS: kr0.37 (up from kr0.051 in 1Q 2024). Revenue: kr361.9m (up 27% from 1Q 2024). Net income: kr19.7m (up kr17.5m from 1Q 2024). Profit margin: 5.4% (up from 0.8% in 1Q 2024). The increase in margin was driven by higher revenue. Reported Earnings • Apr 08
Full year 2024 earnings released: EPS: kr1.54 (vs kr1.88 in FY 2023) Full year 2024 results: EPS: kr1.54. Revenue: kr1.40b (up 27% from FY 2023). Net income: kr77.5m (flat on FY 2023). Profit margin: 5.5% (down from 7.0% in FY 2023). The decrease in margin was driven by higher expenses. Announcement • Apr 07
Karnell Group AB (publ), Annual General Meeting, May 07, 2025 Karnell Group AB (publ), Annual General Meeting, May 07, 2025, at 13:30 W. Europe Standard Time. Location: at haymarket by scandic, hotorget 13-15, stockholm Sweden Reported Earnings • Feb 19
Full year 2024 earnings released: EPS: kr1.54 (vs kr1.88 in FY 2023) Full year 2024 results: EPS: kr1.54. Revenue: kr1.40b (up 27% from FY 2023). Net income: kr77.5m (flat on FY 2023). Profit margin: 5.5% (down from 7.0% in FY 2023). The decrease in margin was driven by higher expenses. Reported Earnings • Nov 10
Third quarter 2024 earnings released Third quarter 2024 results: EPS: kr0.55. Net income: kr29.1m (up kr29.1m from 3Q 2023). Reported Earnings • Aug 18
Second quarter 2024 earnings released Second quarter 2024 results: EPS: kr0.30. Net income: kr15.8m (up kr15.8m from 2Q 2023). Announcement • Aug 16
Karnell Group AB (publ) to Report Fiscal Year 2024 Results on Feb 18, 2025 Karnell Group AB (publ) announced that they will report fiscal year 2024 results on Feb 18, 2025 Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to kr56.76, the stock trades at a trailing P/E ratio of 45x. Average trailing P/E is 37x in the Industrials industry in Sweden. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr51.00, the stock trades at a trailing P/E ratio of 40.4x. Average trailing P/E is 36x in the Industrials industry in Sweden. Announcement • Mar 23
Karnell Group AB (publ) has completed an IPO in the amount of SEK 250 million. Karnell Group AB (publ) has completed an IPO in the amount of SEK 250 million.
Security Name: Class B Shares
Security Type: Common Stock
Securities Offered: 4,849,999
Price\Range: SEK 30
Security Name: Class B Shares
Security Type: Common Stock
Securities Offered: 3,483,334
Price\Range: SEK 30
Transaction Features: Regulation S Board Change • Mar 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 
