Reported Earnings • May 08
First quarter 2026 earnings released: EPS: kr1.51 (vs kr0.40 in 1Q 2025) First quarter 2026 results: EPS: kr1.51 (up from kr0.40 in 1Q 2025). Revenue: kr815.0m (flat on 1Q 2025). Net income: kr294.0m (up 262% from 1Q 2025). Profit margin: 36% (up from 10.0% in 1Q 2025). Revenue is expected to decline by 8.5% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Sweden are expected to grow by 3.5%. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Major Estimate Revision • Apr 16
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from kr7.63 to kr6.53. Revenue forecast unchanged from kr3.43b at last update. Net income forecast to grow 42% next year vs 0.5% growth forecast for Real Estate industry in Sweden. Consensus price target broadly unchanged at kr129. Share price rose 4.6% to kr127 over the past week. Upcoming Dividend • Mar 13
Upcoming dividend of kr2.90 per share Eligible shareholders must have bought the stock before 20 March 2026. Payment date: 26 March 2026. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Swedish dividend payers (4.1%). In line with average of industry peers (2.5%). Declared Dividend • Feb 16
Dividend increased to kr2.90 Dividend of kr2.90 is 3.6% higher than last year. Ex-date: 20th March 2026 Payment date: 26th March 2026 Dividend yield will be 2.3%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 15
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: kr4.25 (up from kr1.80 in FY 2024). Revenue: kr3.29b (up 3.5% from FY 2024). Net income: kr836.6m (up 130% from FY 2024). Profit margin: 25% (up from 12% in FY 2024). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.9%. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Major Estimate Revision • Feb 13
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from kr6.46 to kr5.69. Revenue forecast unchanged from kr3.37b at last update. Net income forecast to shrink 11% next year vs 5.8% growth forecast for Real Estate industry in Sweden . Consensus price target broadly unchanged at kr130. Share price was steady at kr127 over the past week. Announcement • Feb 13
Hufvudstaden AB (publ), Annual General Meeting, Mar 19, 2026 Hufvudstaden AB (publ), Annual General Meeting, Mar 19, 2026, at 03:30 W. Europe Standard Time. Location: grand hotel, vintertradgarden, stockholm Sweden Announcement • Feb 12
Hufvudstaden AB (Publ) Proposes Increased Dividend for the Year 2025 Hufvudstaden AB (publ)'s board proposed an increased dividend to SEK 2.90 per share for the year 2025 (SEK 2.80). Announcement • Jan 14
Hufvudstaden AB (publ) to Report Fiscal Year 2025 Results on Feb 12, 2026 Hufvudstaden AB (publ) announced that they will report fiscal year 2025 results on Feb 12, 2026 Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: kr1.31 (vs kr0.71 in 3Q 2024) Third quarter 2025 results: EPS: kr1.31 (up from kr0.71 in 3Q 2024). Revenue: kr801.6m (down 3.7% from 3Q 2024). Net income: kr262.6m (up 84% from 3Q 2024). Profit margin: 33% (up from 17% in 3Q 2024). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 22
Second quarter 2025 earnings: EPS misses analyst expectations Second quarter 2025 results: EPS: kr0.91 (up from kr0.21 in 2Q 2024). Revenue: kr923.0m (up 18% from 2Q 2024). Net income: kr183.0m (up 332% from 2Q 2024). Profit margin: 20% (up from 5.4% in 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Jun 24
New major risk - Revenue and earnings growth Earnings have declined by 25% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 12
First quarter 2025 earnings: EPS misses analyst expectations First quarter 2025 results: EPS: kr0.40 (up from kr1.96 loss in 1Q 2024). Revenue: kr920.3m (up 5.9% from 1Q 2024). Net income: kr81.3m (up kr477.4m from 1Q 2024). Profit margin: 8.8% (up from net loss in 1Q 2024). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 57%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 14
Upcoming dividend of kr2.80 per share Eligible shareholders must have bought the stock before 21 March 2025. Payment date: 27 March 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.4%. Lower than top quartile of Swedish dividend payers (4.2%). Lower than average of industry peers (3.4%). Declared Dividend • Feb 19
Dividend increased to kr2.80 Dividend of kr2.80 is 3.7% higher than last year. Ex-date: 21st March 2025 Payment date: 27th March 2025 Dividend yield will be 2.3%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is not covered by earnings (155% earnings payout ratio). However, it is well covered by cash flows (46% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 73% to bring the payout ratio under control. EPS is expected to grow by 133% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Feb 14
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: kr1.80 (up from kr9.53 loss in FY 2023). Revenue: kr3.38b (up 14% from FY 2023). Net income: kr364.6m (up kr2.29b from FY 2023). Profit margin: 11% (up from net loss in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 4.8% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Announcement • Feb 13
Hufvudstaden AB (Publ) Proposes Dividend The board of Hufvudstaden AB (publ) proposed an increased dividend of SEK 2.80 per share (SEK 2.70 per share). Reported Earnings • Nov 08
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: EPS: kr0.71 (up from kr1.05 loss in 3Q 2023). Revenue: kr832.6m (up 8.9% from 3Q 2023). Net income: kr143.0m (up kr355.4m from 3Q 2023). Profit margin: 17% (up from net loss in 3Q 2023). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 40%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 23
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: kr0.21 (up from kr4.32 loss in 2Q 2023). Revenue: kr879.4m (up 21% from 2Q 2023). Net income: kr42.4m (up kr915.5m from 2Q 2023). Profit margin: 4.8% (up from net loss in 2Q 2023). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 82%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Reported Earnings • May 09
First quarter 2024 earnings released: kr1.96 loss per share (vs kr2.47 loss in 1Q 2023) First quarter 2024 results: kr1.96 loss per share (improved from kr2.47 loss in 1Q 2023). Revenue: kr869.2m (up 7.1% from 1Q 2023). Net loss: kr396.1m (loss narrowed 21% from 1Q 2023). Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Announcement • Mar 22
Hufvudstaden Approves Dividend, Payable on March 28, 2024 Hufvudstaden at the Annual General Meeting held on March 21, 2024, approved dividend of SEK 2.70 per share. The record date is March 25, 2024 and the estimated date of dividend payment is Thursday March 28, 2024. Upcoming Dividend • Mar 15
Upcoming dividend of kr2.70 per share Eligible shareholders must have bought the stock before 22 March 2024. Payment date: 28 March 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Swedish dividend payers (4.4%). Lower than average of industry peers (3.4%). Announcement • Mar 01
Hufvudstaden AB (publ) to Report Fiscal Year 2024 Results on Feb 13, 2025 Hufvudstaden AB (publ) announced that they will report fiscal year 2024 results at 12:00 PM, Central European Standard Time on Feb 13, 2025 Declared Dividend • Feb 23
Dividend of kr2.70 announced Dividend of kr2.70 is the same as last year. Ex-date: 22nd March 2024 Payment date: 28th March 2024 Dividend yield will be 2.1%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (39% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Feb 16
Full year 2023 earnings released: kr9.53 loss per share (vs kr3.57 profit in FY 2022) Full year 2023 results: kr9.53 loss per share (down from kr3.57 profit in FY 2022). Revenue: kr3.14b (up 14% from FY 2022). Net loss: kr1.93b (down 367% from profit in FY 2022). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Nov 10
Third quarter 2023 earnings: EPS misses analyst expectations Third quarter 2023 results: kr1.05 loss per share (down from kr1.47 profit in 3Q 2022). Revenue: kr764.6m (up 6.0% from 3Q 2022). Net loss: kr212.4m (down 172% from profit in 3Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 83%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 2% per year. Announcement • Aug 25
Hufvudstaden AB (publ), Annual General Meeting, Mar 21, 2024 Hufvudstaden AB (publ), Annual General Meeting, Mar 21, 2024. Reported Earnings • May 12
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr763.2m (up 10.0% from 1Q 2022). Net loss: kr499.4m (down 231% from profit in 1Q 2022). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 17
Upcoming dividend of kr2.70 per share at 1.9% yield Eligible shareholders must have bought the stock before 24 March 2023. Payment date: 30 March 2023. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Swedish dividend payers (5.0%). Lower than average of industry peers (2.6%). Major Estimate Revision • Feb 23
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from kr2.97b to kr2.93b. Losses expected to increase from kr0.76 per share to kr0.84. Real Estate industry in Sweden expected to see average net income decline 99% next year. Consensus price target broadly unchanged at kr140. Share price was steady at kr151 over the past week. Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: kr3.57 (vs kr14.61 in FY 2021) Full year 2022 results: EPS: kr3.57 (down from kr14.61 in FY 2021). Revenue: kr2.95b (up 18% from FY 2021). Net income: kr722.0m (down 76% from FY 2021). Profit margin: 25% (down from 119% in FY 2021). Revenue is expected to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Sweden are expected to grow by 6.4%. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Feb 17
Hufvudstaden AB (publ) Proposes Dividend for the Year Ended December 31, 2022 The board of Hufvudstaden AB (publ) proposed an increased dividend to SEK 2.70 per share (SEK 2.60 per share) for the year ended December 31, 2022. Major Estimate Revision • Feb 10
Consensus EPS estimates increase by 19% The consensus outlook for fiscal year 2022 has been updated. 2022 consensus EPS increased from kr4.10 to kr4.87. Revenues were reaffirmed at kr2.76b. Net income forecast to shrink 111% next year vs 92% decline forecast for Real Estate industry in Sweden. Consensus price target of kr139 unchanged from last update. Share price fell 6.0% to kr154 over the past week. Price Target Changed • Jan 26
Price target increased by 7.1% to kr135 Up from kr126, the current price target is an average from 7 analysts. New target price is 16% below last closing price of kr160. Stock is up 22% over the past year. The company is forecast to post earnings per share of kr4.10 for next year compared to kr14.61 last year. Major Estimate Revision • Jan 22
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from kr4.89 to kr4.10. Revenue forecast unchanged from kr2.75b at last update. Net income forecast to shrink 104% next year vs 85% decline forecast for Real Estate industry in Sweden. Consensus price target up from kr126 to kr133. Share price was steady at kr157 over the past week. Major Estimate Revision • Jan 20
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from kr4.89 to kr4.10. Revenue forecast unchanged from kr2.75b at last update. Net income forecast to shrink 104% next year vs 84% decline forecast for Real Estate industry in Sweden. Consensus price target up from kr126 to kr130. Share price was steady at kr157 over the past week. Recent Insider Transactions • Jan 01
Independent Director recently bought kr149k worth of stock On the 29th of December, Katarina Ljungqvist bought around 1k shares on-market at roughly kr148 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr56m more in shares than they have sold in the last 12 months. Major Estimate Revision • Nov 17
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from kr5.16 to kr5.77. Revenue forecast steady at kr2.75b. Net income forecast to shrink 87% next year vs 79% decline forecast for Real Estate industry in Sweden. Consensus price target broadly unchanged at kr124. Share price was steady at kr140 over the past week. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: kr1.47 (vs kr2.48 in 3Q 2021) Third quarter 2022 results: EPS: kr1.47 (down from kr2.48 in 3Q 2021). Revenue: kr721.2m (up 6.4% from 3Q 2021). Net income: kr296.5m (down 41% from 3Q 2021). Profit margin: 41% (down from 74% in 3Q 2021). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Katarina Ljungqvist was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 11
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr721.2m (up 6.4% from 3Q 2021). Net income: kr296.5m (down 41% from 3Q 2021). Profit margin: 41% (down from 74% in 3Q 2021). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Major Estimate Revision • Oct 06
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from kr7.22 to kr5.16. Revenue forecast unchanged from kr2.74b at last update. Net income forecast to shrink 91% next year vs 57% decline forecast for Real Estate industry in Sweden. Consensus price target of kr124 unchanged from last update. Share price rose 5.5% to kr124 over the past week. Price Target Changed • Sep 23
Price target decreased to kr125 Down from kr135, the current price target is an average from 5 analysts. New target price is 5.1% above last closing price of kr119. Stock is down 12% over the past year. The company is forecast to post earnings per share of kr7.22 for next year compared to kr14.61 last year. Announcement • Aug 25
Hufvudstaden AB (publ) to Report Fiscal Year 2022 Results on Feb 16, 2023 Hufvudstaden AB (publ) announced that they will report fiscal year 2022 results on Feb 16, 2023 Reported Earnings • Aug 24
Second quarter 2022 earnings: Revenues exceed analyst expectations Second quarter 2022 results: Revenue: kr734.7m (up 11% from 2Q 2021). Net income: kr376.1m (down 50% from 2Q 2021). Profit margin: 51% (down from 114% in 2Q 2021). Revenue exceeded analyst estimates by 2.8%. Over the next year, revenue is forecast to grow 2.2%, compared to a 10% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Aug 23
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 consensus EPS estimate fell from kr9.11 to kr6.84. Revenue forecast reaffirmed at kr2.69b. Net income forecast to shrink 60% next year vs 56% decline forecast for Real Estate industry in Sweden. Consensus price target broadly unchanged at kr134. Share price fell 6.6% to kr130 over the past week. Major Estimate Revision • Jun 17
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from kr6.88 to kr9.12. Revenue forecast steady at kr2.69b. Net income forecast to shrink 49% next year vs 49% decline forecast for Real Estate industry in Sweden. Consensus price target of kr139 unchanged from last update. Share price fell 6.0% to kr115 over the past week. Recent Insider Transactions • May 12
Director recently bought kr29m worth of stock On the 6th of May, Eva Louise Lindh bought around 240k shares on-market at roughly kr120 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr29m more in shares than they have sold in the last 12 months. Reported Earnings • May 06
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: kr1.88 (up from kr0.068 in 1Q 2021). Revenue: kr694.1m (up 26% from 1Q 2021). Net income: kr380.0m (up kr366.3m from 1Q 2021). Profit margin: 55% (up from 2.5% in 1Q 2021). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) exceeded analyst estimates by 51%. Over the next year, revenue is forecast to stay flat compared to a 11% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Katarina Ljungqvist was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Apr 21
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from kr5.79 to kr6.65. Revenue forecast steady at kr2.59b. Net income forecast to shrink 54% next year vs 55% decline forecast for Real Estate industry in Sweden. Consensus price target broadly unchanged at kr142. Share price was steady at kr129 over the past week. Major Estimate Revision • Mar 31
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from kr2.38b to kr2.63b. EPS estimate unchanged from kr5.79 at last update. Real Estate industry in Sweden expected to see average net income decline 57% next year. Consensus price target of kr140 unchanged from last update. Share price rose 5.6% to kr134 over the past week. Upcoming Dividend • Mar 18
Upcoming dividend of kr2.60 per share Eligible shareholders must have bought the stock before 25 March 2022. Payment date: 31 March 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Swedish dividend payers (4.5%). Lower than average of industry peers (2.5%). Recent Insider Transactions • Mar 07
Director recently sold kr1.7m worth of stock On the 3rd of March, Ivo Stopner sold around 14k shares on-market at roughly kr126 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought kr926k more than they sold in the last 12 months. Major Estimate Revision • Feb 24
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from kr2.58b to kr2.63b. EPS estimate fell from kr8.35 to kr5.79 per share. Net income forecast to shrink 58% next year vs 48% decline forecast for Real Estate industry in Sweden. Consensus price target broadly unchanged at kr140. Share price fell 6.9% to kr121 over the past week. Recent Insider Transactions • Feb 23
Insider recently bought kr246k worth of stock On the 21st of February, Ivo Stopner bought around 2k shares on-market at roughly kr123 per share. In the last 3 months, they made an even bigger purchase worth kr257k. Insiders have collectively bought kr4.3m more in shares than they have sold in the last 12 months. Reported Earnings • Feb 18
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: kr14.61 (up from kr7.13 loss in FY 2020). Revenue: kr2.64b (up 44% from FY 2020). Net income: kr2.96b (up kr4.42b from FY 2020). Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 93%. Over the next year, revenue is expected to shrink by 2.4% compared to a 16% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Dec 17
President recently bought kr257k worth of stock On the 14th of December, Ivo Stopner bought around 2k shares on-market at roughly kr128 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr420k. Ivo has been a buyer over the last 12 months, purchasing a net total of kr1.7m worth in shares. 
