Upcoming Dividend • May 06
Upcoming dividend of kr3.25 per share Eligible shareholders must have bought the stock before 13 May 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Swedish dividend payers (4.3%). In line with average of industry peers (1.7%). Reported Earnings • Apr 23
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: kr6.20 (down from kr12.71 in FY 2024). Revenue: kr1.28b (down 8.7% from FY 2024). Net income: kr70.2m (down 51% from FY 2024). Profit margin: 5.5% (down from 10% in FY 2024). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Building industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Declared Dividend • Feb 22
Dividend of kr3.25 announced Dividend of kr3.25 is the same as last year. Ex-date: 13th May 2026 Payment date: 20th May 2026 Dividend yield will be 1.6%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 111% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Feb 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.5% Last year net profit margin: 10% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 20
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: kr6.20 (down from kr12.71 in FY 2024). Revenue: kr1.28b (down 8.7% from FY 2024). Net income: kr70.2m (down 51% from FY 2024). Profit margin: 5.5% (down from 10% in FY 2024). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Building industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 26% per year. Announcement • Feb 19
Absolent Air Care Group AB (publ) to Report Fiscal Year 2025 Results on Apr 20, 2026 Absolent Air Care Group AB (publ) announced that they will report fiscal year 2025 results at 12:00 PM, Central European Standard Time on Apr 20, 2026 New Risk • Jan 29
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Price Target Changed • Nov 06
Price target decreased by 7.3% to kr313 Down from kr337, the current price target is an average from 2 analysts. New target price is 47% above last closing price of kr213. Stock is down 18% over the past year. The company is forecast to post earnings per share of kr8.40 for next year compared to kr12.71 last year. Reported Earnings • Nov 05
Third quarter 2025 earnings released: EPS: kr1.76 (vs kr1.74 in 3Q 2024) Third quarter 2025 results: EPS: kr1.76 (up from kr1.74 in 3Q 2024). Revenue: kr301.3m (down 9.0% from 3Q 2024). Net income: kr20.0m (up 1.2% from 3Q 2024). Profit margin: 6.6% (up from 6.0% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Building industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 16% per year. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to kr261, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 19x in the Building industry in Sweden. Total loss to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr507 per share. New Risk • Jul 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.6% Last year net profit margin: 10% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Major Estimate Revision • May 12
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from kr12.28 to kr10.18 per share. Revenue forecast steady at kr1.34b. Net income forecast to grow 24% next year vs 24% growth forecast for Building industry in Sweden. Consensus price target down from kr355 to kr342. Share price rose 12% to kr235 over the past week. Upcoming Dividend • May 09
Upcoming dividend of kr3.25 per share Eligible shareholders must have bought the stock before 16 May 2025. Payment date: 22 May 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Swedish dividend payers (4.0%). Lower than average of industry peers (1.7%). Recent Insider Transactions • May 09
Director recently bought kr63k worth of stock On the 5th of May, Nils-Johan Andersson bought around 300 shares on-market at roughly kr210 per share. This transaction amounted to 60% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr17m more in shares than they bought in the last 12 months. Major Estimate Revision • Apr 30
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr1.47b to kr1.33b. EPS estimate also fell from kr14.88 per share to kr12.28 per share. Net income forecast to shrink 3.4% next year vs 21% growth forecast for Building industry in Sweden . Consensus price target down from kr381 to kr355. Share price fell 2.7% to kr214 over the past week. Price Target Changed • Apr 24
Price target decreased by 8.5% to kr355 Down from kr388, the current price target is an average from 2 analysts. New target price is 60% above last closing price of kr222. Stock is down 33% over the past year. The company is forecast to post earnings per share of kr10.65 for next year compared to kr12.71 last year. Declared Dividend • Apr 21
Dividend increased to kr3.25 Dividend of kr3.25 is 8.3% higher than last year. Ex-date: 16th May 2025 Payment date: 22nd May 2025 Dividend yield will be 1.3%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 88% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 19
Absolent Air Care Group AB (publ) announces Annual dividend, payable on May 22, 2025 Absolent Air Care Group AB (publ) announced Annual dividend of SEK 3.2500 per share payable on May 22, 2025, ex-date on May 16, 2025 and record date on May 19, 2025. Reported Earnings • Feb 23
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: kr12.71 (up from kr12.39 in FY 2023). Revenue: kr1.40b (flat on FY 2023). Net income: kr143.9m (up 2.6% from FY 2023). Profit margin: 10% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Building 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 11% per year, which means it is significantly lagging earnings. Announcement • Feb 22
Absolent Air Care Group AB (publ), Annual General Meeting, May 15, 2025 Absolent Air Care Group AB (publ), Annual General Meeting, May 15, 2025. Location: at lidkoping, Sweden Announcement • Feb 21
Absolent Air Care Group AB (publ) to Report Fiscal Year 2024 Final Results on Apr 23, 2025 Absolent Air Care Group AB (publ) announced that they will report fiscal year 2024 final results at 12:00 PM, Central European Standard Time on Apr 23, 2025 Major Estimate Revision • Nov 06
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from kr1.43b to kr1.39b. EPS estimate also fell from kr15.10 per share to kr12.35 per share. Net income forecast to grow 36% next year vs 39% growth forecast for Building industry in Sweden. Consensus price target down from kr454 to kr402. Share price fell 10% to kr268 over the past week. Price Target Changed • Nov 04
Price target decreased by 11% to kr402 Down from kr454, the current price target is an average from 2 analysts. New target price is 39% above last closing price of kr290. Stock is down 23% over the past year. The company is forecast to post earnings per share of kr12.35 for next year compared to kr12.39 last year. Reported Earnings • Nov 01
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: kr1.74 (down from kr3.48 in 3Q 2023). Revenue: kr331.0m (down 6.7% from 3Q 2023). Net income: kr19.7m (down 50% from 3Q 2023). Profit margin: 6.0% (down from 11% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 49%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Building industry in Sweden. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Aug 09
President recently sold kr10m worth of stock On the 6th of August, Axel Berntsson sold around 30k shares on-market at roughly kr336 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth kr18m. Axel has been a net seller over the last 12 months, reducing personal holdings by kr28m. Announcement • Jul 23
Absolent Air Care Group AB (Publ) Announces Resignation of Axel Berntsson as CEO Absolent Air Care Group AB's (publ) President & CEO Axel Berntsson has informed the Board of Directors that he resigns after almost seven years as CEO to take on a new assignment outside the company. A process to find a new CEO will start immediately. Axel will remain in his role until a successor is in place, however not beyond January 21st, 2025. Reported Earnings • Jul 22
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: kr3.56 (down from kr4.03 in 2Q 2023). Revenue: kr367.4m (up 4.1% from 2Q 2023). Net income: kr40.3m (down 12% from 2Q 2023). Profit margin: 11% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 7.2%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Building industry in Sweden. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Recent Insider Transactions • May 27
President recently sold kr18m worth of stock On the 22nd of May, Axel Berntsson sold around 50k shares on-market at roughly kr350 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Axel's only on-market trade for the last 12 months. Upcoming Dividend • May 10
Upcoming dividend of kr3.00 per share Eligible shareholders must have bought the stock before 17 May 2024. Payment date: 23 May 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Swedish dividend payers (4.4%). Lower than average of industry peers (1.6%). Reported Earnings • Apr 26
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: kr12.39 (down from kr13.41 in FY 2022). Revenue: kr1.41b (up 5.2% from FY 2022). Net income: kr140.2m (down 7.6% from FY 2022). Profit margin: 10.0% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Building industry in Sweden. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Declared Dividend • Feb 28
Dividend increased to kr3.00 Dividend of kr3.00 is 9.1% higher than last year. Ex-date: 17th May 2024 Payment date: 23rd May 2024 Dividend yield will be 0.9%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 24%. Cash payout ratio: 18%. Reported Earnings • Feb 21
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: kr12.39 (down from kr13.41 in FY 2022). Revenue: kr1.41b (up 5.2% from FY 2022). Net income: kr140.2m (down 7.6% from FY 2022). Profit margin: 10.0% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Building industry in Sweden. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Feb 05
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 7.5% to kr399. The fair value is estimated to be kr331, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 8.2% in 2 years. Earnings are forecast to grow by 30% in the next 2 years. Reported Earnings • Oct 31
Third quarter 2023 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2023 results: EPS: kr3.48 (down from kr3.81 in 3Q 2022). Revenue: kr354.7m (up 8.7% from 3Q 2022). Net income: kr39.4m (down 8.7% from 3Q 2022). Profit margin: 11% (down from 13% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Building industry in Sweden. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Buying Opportunity • Oct 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be kr428, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to grow by 34% in the next 2 years. Price Target Changed • Aug 20
Price target decreased by 9.1% to kr468 Down from kr515, the current price target is provided by 1 analyst. New target price is 25% above last closing price of kr375. Stock is down 7.9% over the past year. The company is forecast to post earnings per share of kr13.94 for next year compared to kr13.40 last year. Reported Earnings • Aug 18
Second quarter 2023 earnings: EPS in line with expectations, revenues disappoint Second quarter 2023 results: EPS: kr4.03 (up from kr3.75 in 2Q 2022). Revenue: kr353.0m (flat on 2Q 2022). Net income: kr45.7m (up 7.5% from 2Q 2022). Profit margin: 13% (in line with 2Q 2022). Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Building industry in Sweden. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Buying Opportunity • Aug 17
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be kr488, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 63%. Revenue is forecast to grow by 24% in 2 years. Earnings is forecast to grow by 57% in the next 2 years. Announcement • Jun 02
Absolent Air Care Group AB (Publ) Announces Management Changes Absolent Air Care Group has recruited Jonas Fagerström for the position as Director for the Commercial Kitchen business area. Jonas assumes the position as of 1 June 2023, and he has a solid industrial experience from CPS Color, where he held the position as Senior Vice President responsible for R&D, product management and operations. He has also been Business Unit Director at ISS Facility Services and management consultant at Accenture. Mattias Nurman, previously CIO at Absolent Air Care Group, has decided to leave the Group. In connection with this, it was decided to rationalize Group management and integrate the responsibility for IT and digitalization with the responsibilities of CFO Karin Brossing Lundqvist. Jan Berntsson, who has held the position as CTO, has started a long-planned retirement. The technical responsibility in the Group will be integrated in the product management responsibility, held by CPO Robert Wiktorén. Jan will remain as Senior Advisor to Group management on a part-time basis. Upcoming Dividend • May 10
Upcoming dividend of kr2.75 per share at 0.6% yield Eligible shareholders must have bought the stock before 17 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Swedish dividend payers (5.2%). Lower than average of industry peers (1.4%). Reported Earnings • Apr 27
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: kr13.41 (up from kr8.68 in FY 2021). Revenue: kr1.34b (up 30% from FY 2021). Net income: kr151.8m (up 55% from FY 2021). Profit margin: 11% (up from 9.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.0%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Building industry in Sweden. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 23
Full year 2022 earnings released: EPS: kr13.40 (vs kr8.68 in FY 2021) Full year 2022 results: EPS: kr13.40 (up from kr8.68 in FY 2021). Revenue: kr1.34b (up 30% from FY 2021). Net income: kr151.8m (up 55% from FY 2021). Profit margin: 11% (up from 9.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Building industry in Sweden. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jan 30
Price target increased by 15% to kr480 Up from kr418, the current price target is provided by 1 analyst. New target price is 9.1% above last closing price of kr440. Stock is down 1.3% over the past year. The company is forecast to post earnings per share of kr14.57 for next year compared to kr8.68 last year. Recent Insider Transactions • Dec 01
Chief Technology Officer recently sold kr312k worth of stock On the 25th of November, Jan Berndtsson sold around 793 shares on-market at roughly kr393 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr6.0m more than they bought in the last 12 months. Board Change • Nov 16
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. Director Gun Nilsson was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 16
Absolent Air Care Group AB (publ) (OM:ABSO) agreed to acquire €2.3 million. Absolent Air Care Group AB (publ) (OM:ABSO) agreed to acquire €2.3 million on November 15, 2022. The acquisition is financed by available funds and the purchase price is paid over three years. The acquisition is not expected to have any impact on earnings per share for 2022. The acquisition will be completed on December 1, 2022. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: kr3.81 (vs kr0.33 in 3Q 2021) Third quarter 2022 results: EPS: kr3.81 (up from kr0.33 in 3Q 2021). Revenue: kr326.4m (up 28% from 3Q 2021). Net income: kr43.2m (up kr39.4m from 3Q 2021). Profit margin: 13% (up from 1.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Building industry in Sweden. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Nov 11
Absolent Air Care Group AB (publ), Annual General Meeting, May 16, 2023 Absolent Air Care Group AB (publ), Annual General Meeting, May 16, 2023. Buying Opportunity • Sep 26
Now 20% undervalued Over the last 90 days, the stock is up 10.0%. The fair value is estimated to be kr454, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 20% in 2 years. Earnings is forecast to grow by 57% in the next 2 years. Reported Earnings • Aug 18
Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2022 results: EPS: kr3.75 (up from kr0.60 in 2Q 2021). Revenue: kr350.7m (up 30% from 2Q 2021). Net income: kr42.5m (up kr35.7m from 2Q 2021). Profit margin: 12% (up from 2.5% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 2.3%. Over the next year, revenue is forecast to grow 13%, compared to a 16% growth forecast for the Building industry in Sweden. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improved over the past week After last week's 16% share price gain to kr380, the stock trades at a trailing P/E ratio of 36.3x. Average trailing P/E is 17x in the Building industry in Sweden. Total loss to shareholders of 24% over the past three years. Upcoming Dividend • May 13
Upcoming dividend of kr2.00 per share Eligible shareholders must have bought the stock before 20 May 2022. Payment date: 27 May 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Swedish dividend payers (4.8%). Lower than average of industry peers (1.4%). Reported Earnings • Apr 30
Full year 2021 earnings released: EPS: kr8.68 (vs kr2.06 in FY 2020) Full year 2021 results: EPS: kr8.68 (up from kr2.06 in FY 2020). Revenue: kr1.03b (up 15% from FY 2020). Net income: kr98.2m (up 322% from FY 2020). Profit margin: 9.5% (up from 2.6% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Board Change • Apr 27
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. 5 non-independent directors. Director Gun Nilsson was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 05
Absolent Air Care Group AB (publ) to Report Fiscal Year 2021 Final Results on Apr 26, 2022 Absolent Air Care Group AB (publ) announced that they will report fiscal year 2021 final results on Apr 26, 2022 Reported Earnings • Feb 25
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr0.37 (up from kr4.87 loss in FY 2020). Revenue: kr1.03b (up 15% from FY 2020). Net income: kr4.15m (up kr59.2m from FY 2020). Profit margin: 0.4% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Announcement • Feb 25
Absolent Air Care Group AB (publ) Proposes Dividend The Board of Directors of Absolent Air Care Group AB (publ) has decided to propose to the AGM a dividend of SEK 2.00 per share, corresponding to SEK 22.6 million. The company paid SEK 1.80 per share for the same period a year ago.