Reported Earnings • Jul 24
Second quarter 2026 earnings released: EPS: €1.42 (vs €0.49 in 2Q 2025) Second quarter 2026 results: EPS: €1.42 (up from €0.49 in 2Q 2025). Revenue: €11.8b (up 4.1% from 2Q 2025). Net income: €708.0m (up 188% from 2Q 2025). Profit margin: 6.0% (up from 2.2% in 2Q 2025). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Price Target Changed • Jul 23
Price target increased by 15% to kr460 Up from kr400, the current price target is an average from 17 analysts. New target price is approximately in line with last closing price of kr445. Stock is up 21% over the past year. The company is forecast to post earnings per share of €4.07 for next year compared to €3.09 last year. Ankündigung • Jul 23
Traton SE Narrows Earnings Guidance for the Full Year 2026 Traton SE narrowed earnings guidance for the full year 2026. For the year, company expected unit sales and sales revenue at a range of 0 to +7%. Ankündigung • Jun 19
Traton Se Approves Dividend for 2025 TRATON Annual General Meeting approved all items on this year’s Annual General Meeting agenda by a large majority. They resolved on a dividend payout for financial year 2025 of €0.93 per share, compared to last year’s figure of €1.70, reflecting lower earnings, while continuing to follow a balanced and responsible capital allocation approach. Upcoming Dividend • Jun 10
Upcoming dividend of €0.93 per share Eligible shareholders must have bought the stock before 17 June 2026. Payment date: 24 June 2026. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Swedish dividend payers (4.2%). Higher than average of industry peers (2.3%). Price Target Changed • Jun 02
Price target increased by 15% to kr400 Up from kr347, the current price target is an average from 17 analysts. New target price is 6.8% above last closing price of kr374. Stock is up 13% over the past year. The company is forecast to post earnings per share of €3.90 for next year compared to €3.09 last year. New Risk • May 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (2.7% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.0% net profit margin). Reported Earnings • Apr 30
First quarter 2026 earnings released: EPS: €0.45 (vs €0.93 in 1Q 2025) First quarter 2026 results: EPS: €0.45 (down from €0.93 in 1Q 2025). Revenue: €10.2b (down 3.5% from 1Q 2025). Net income: €225.0m (down 52% from 1Q 2025). Profit margin: 2.2% (down from 4.4% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Ankündigung • Apr 02
TRATON GROUP and Applied Intuition Announces TRATON ONE OS, a Unified Software Platform for Improved Fleet Uptime Across TRATON's Four Global Brands The TRATON GROUP and Applied Intuition, Inc. announced TRATON ONE OS, a next-generation software-defined vehicle platform that will power all new vehicles across TRATON's four brands: Scania, MAN, International and Volkswagen Truck & Bus. Building on more than a year of co-development, the two companies are deploying a single unified platform that's at the forefront of innovation to deliver benefits to customers: Prevent costly downtime: The system's unified data access is designed to enable predictive maintenance capabilities that allow fleet operators to identify and address potential mechanical issues before they lead to breakdowns, service recalls or unplanned downtime. Future-proof fleets: Customers will be able to receive new applications, features and full-cabin user-interface upgrades via over-the-air software updates, eliminating many workshop visits and allowing vehicles to improve throughout their operational life. Unlock the autonomous future: The platform's adaptive middleware is designed to serve as a foundation for autonomous driving systems, enabling TRATON to layer autonomous capabilities onto the same architecture over time. Designed to bring the speed, flexibility and continuous update cycles of modern software development to the commercial vehicle industry, TRATON ONE OS will operate on all high-performance computers (HPCs) in TRATON's new vehicle architecture. The platform supports multiple hardware chipsets and global regulatory environments while giving TRATON teams a common foundation to build on — all without compromising each brand's distinct customer experience. Testing of the first integrated ECU hardware will begin in April 2026, with rollout across new trucks targeted for 2028. The platform is being co-developed as a white-box modular architecture that combines TRATON's internal development with Applied Intuition's Vehicle OS for trucking, as well as trusted third-party and open-source components. This modular approach allows TRATON to replace or consolidate compute units over time without fragmenting the software stack or rewriting the platform or applications, supporting the company's long-term ambition to move toward fewer, more powerful high-performance computers. Price Target Changed • Mar 09
Price target increased by 7.1% to kr350 Up from kr327, the current price target is an average from 16 analysts. New target price is approximately in line with last closing price of kr335. Stock is down 17% over the past year. The company is forecast to post earnings per share of €4.07 for next year compared to €3.09 last year. Reported Earnings • Mar 05
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: €3.09 (down from €5.61 in FY 2024). Revenue: €44.1b (down 7.2% from FY 2024). Net income: €1.55b (down 45% from FY 2024). Profit margin: 3.5% (down from 5.9% in FY 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.3%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Machinery 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 increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Jan 30
Traton SE to Report Nine Months, 2026 Results on Oct 28, 2026 Traton SE announced that they will report nine months, 2026 results on Oct 28, 2026 Ankündigung • Jan 29
Traton SE to Report Q2, 2026 Results on Jul 23, 2026 Traton SE announced that they will report Q2, 2026 results on Jul 23, 2026 Price Target Changed • Oct 31
Price target decreased by 8.7% to kr317 Down from kr347, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of kr307. Stock is down 9.8% over the past year. The company is forecast to post earnings per share of €3.40 for next year compared to €5.61 last year. Reported Earnings • Oct 30
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: €0.65 (down from €1.45 in 3Q 2024). Revenue: €10.4b (down 12% from 3Q 2024). Net income: €324.0m (down 55% from 3Q 2024). Profit margin: 3.1% (down from 6.1% in 3Q 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 6.7%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 29% per year. Price Target Changed • Sep 08
Price target increased by 10% to kr347 Up from kr315, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of kr336. Stock is up 6.2% over the past year. The company is forecast to post earnings per share of €3.97 for next year compared to €5.61 last year. Reported Earnings • Jul 27
Second quarter 2025 earnings released: EPS: €0.49 (vs €1.17 in 2Q 2024) Second quarter 2025 results: EPS: €0.49 (down from €1.17 in 2Q 2024). Revenue: €11.3b (down 2.5% from 2Q 2024). Net income: €246.0m (down 58% from 2Q 2024). Profit margin: 2.2% (down from 5.0% in 2Q 2024). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 30% per year. Ankündigung • Jul 25
Traton SE Updates Earnings Guidance for the Full Year 2025 Traton SE updated earnings guidance for the full year 2025. For the period, the company now expects a range of negative 10% to 0% (previously negative 5% to positive 5%) for unit sales and sales revenue. Upcoming Dividend • May 08
Upcoming dividend of €1.70 per share Eligible shareholders must have bought the stock before 15 May 2025. Payment date: 19 May 2025. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 5.8%. Within top quartile of Swedish dividend payers (4.0%). Higher than average of industry peers (3.3%). Reported Earnings • Apr 29
First quarter 2025 earnings released First quarter 2025 results: Revenue: €10.6b (down 10% from 1Q 2024). Net income: €466.0m (down 38% from 1Q 2024). Profit margin: 4.4% (down from 6.4% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to kr283, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 16x in the Machinery industry in Sweden. Total returns to shareholders of 105% over the past three years. Ankündigung • Mar 28
Traton SE, Annual General Meeting, May 14, 2025 Traton SE, Annual General Meeting, May 14, 2025, at 10:00 W. Europe Standard Time. Price Target Changed • Mar 11
Price target increased by 7.1% to kr375 Up from kr350, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of kr374. Stock is up 2.4% over the past year. The company is forecast to post earnings per share of €5.31 for next year compared to €5.61 last year. Reported Earnings • Mar 10
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: €5.61 (up from €4.90 in FY 2023). Revenue: €47.5b (up 1.3% from FY 2023). Net income: €2.80b (up 14% from FY 2023). Profit margin: 5.9% (up from 5.2% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery 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 29% per year, which means it is significantly lagging earnings growth. Ankündigung • Mar 10
Traton SE to Report Q1, 2025 Results on Apr 28, 2025 Traton SE announced that they will report Q1, 2025 results at 9:00 AM, Central European Standard Time on Apr 28, 2025 Ankündigung • Jan 24
Volkswagen Reportedly Plans to Lower Traton Stake Volkswagen AG (XTRA:VOW3) intends to divest a 15% stake in its truck subsidiary Traton SE (XTRA:8TRA), pursuing proceeds of around EUR 2 billion (USD 2.08 billion), local magazine Manager Magazin reported on Wednesday. The potential deal is expected to take place in the first half of 2025, the magazine said, citing unnamed sources. Volkswagen currently holds 89.72% of Traton after selling a 10.28% stake in an initial public offering (IPO) in 2019. In May 2024, however, Volkwagen CEO Oliver Blume indicated intentions to reduce the shareholding to 75% plus one share in the medium-term. Price Target Changed • Dec 16
Price target decreased by 20% to kr375 Down from kr470, the current price target is an average from 15 analysts. New target price is 14% above last closing price of kr329. Stock is up 38% over the past year. The company is forecast to post earnings per share of €5.28 for next year compared to €4.90 last year. Ankündigung • Nov 28
Traton SE to Report First Half, 2025 Results on Jul 25, 2025 Traton SE announced that they will report first half, 2025 results on Jul 25, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: €1.45 (vs €1.40 in 3Q 2023) Third quarter 2024 results: EPS: €1.45 (up from €1.40 in 3Q 2023). Revenue: €11.9b (up 4.8% from 3Q 2023). Net income: €724.0m (up 3.1% from 3Q 2023). Profit margin: 6.1% (down from 6.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Ankündigung • Oct 28
Traton SE to Report Q4, 2024 Results on Mar 10, 2025 Traton SE announced that they will report Q4, 2024 results on Mar 10, 2025 Price Target Changed • Oct 04
Price target increased by 11% to kr485 Up from kr436, the current price target is an average from 15 analysts. New target price is 51% above last closing price of kr322. Stock is up 40% over the past year. The company is forecast to post earnings per share of €5.31 for next year compared to €4.90 last year. Reported Earnings • Jul 28
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: €1.17 (down from €1.37 in 2Q 2023). Revenue: €11.6b (flat on 2Q 2023). Net income: €585.0m (down 14% from 2Q 2023). Profit margin: 5.0% (down from 5.9% in 2Q 2023). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Ankündigung • Jun 26
Traton SE(XTRA:8TRA) dropped from Germany SDAX (Total Return) Index Traton SE has been Dropped from SDAX (Total Return) Index Upcoming Dividend • Jun 07
Upcoming dividend of €1.50 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 18 June 2024. Payout ratio is a comfortable 28% but the company is paying out more than the cash it is generating. Trailing yield: 4.5%. Within top quartile of Swedish dividend payers (4.1%). Higher than average of industry peers (2.7%). Price Target Changed • May 31
Price target increased by 26% to kr373 Up from kr296, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of kr374. Stock is up 71% over the past year. The company is forecast to post earnings per share of €5.19 for next year compared to €4.90 last year. Declared Dividend • May 15
Dividend of €1.50 announced Shareholders will receive a dividend of €1.50. Ex-date: 14th June 2024 Payment date: 18th June 2024 Dividend yield will be 0.4%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (28% earnings payout ratio) but not covered by cash flows (266% cash payout ratio). The dividend has increased by an average of 11% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • May 14
Volkswagen Reportedly Explores Stock Sale in Traton Volkswagen AG (XTRA:VOW3) is exploring the sale of as much as €1 billion ($1.1 billion) of stock in Traton SE (XTRA:8TRA), people familiar with the matter said, taking advantage of the truckmaker’s surging price to increase the number of shares available for trading. VW, which owns about 90% of Traton, has been talking to potential advisers about a sale to institutional investors via an accelerated bookbuilding transaction as soon as the next few weeks, the people said. The size of the offering could be about €500 million to €1 billion depending on market conditions, according to the people. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: €1.50 (vs €1.11 in 1Q 2023) First quarter 2024 results: EPS: €1.50 (up from €1.11 in 1Q 2023). Revenue: €11.8b (up 5.5% from 1Q 2023). Net income: €752.0m (up 36% from 1Q 2023). Profit margin: 6.4% (up from 5.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Price Target Changed • Mar 07
Price target increased by 9.5% to kr296 Up from kr270, the current price target is an average from 14 analysts. New target price is 14% below last closing price of kr342. Stock is up 69% over the past year. The company is forecast to post earnings per share of €5.01 for next year compared to €4.90 last year. Reported Earnings • Mar 06
Full year 2023 earnings released: EPS: €4.90 (vs €2.28 in FY 2022) Full year 2023 results: EPS: €4.90 (up from €2.28 in FY 2022). Revenue: €46.9b (up 16% from FY 2022). Net income: €2.45b (up 115% from FY 2022). Profit margin: 5.2% (up from 2.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.1% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: €1.40 (vs €0.065 loss in 3Q 2022) Third quarter 2023 results: EPS: €1.40 (up from €0.065 loss in 3Q 2022). Revenue: €11.3b (up 7.2% from 3Q 2022). Net income: €702.0m (up €734.0m from 3Q 2022). Profit margin: 6.2% (up from net loss in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 2.6% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Ankündigung • Oct 26
Traton SE Provides Revenue Guidance for the Full Year 2023 Traton SE provided revenue guidance for the full year 2023. for the year, the company expects unit sales and sales revenue to increase by 5% to 15% each. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: €1.37 (vs €0.54 in 2Q 2022) Second quarter 2023 results: EPS: €1.37 (up from €0.54 in 2Q 2022). Revenue: €11.7b (up 23% from 2Q 2022). Net income: €683.0m (up 155% from 2Q 2022). Profit margin: 5.9% (up from 2.8% in 2Q 2022). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 26
Upcoming dividend of €0.70 per share at 3.6% yield Eligible shareholders must have bought the stock before 02 June 2023. Payment date: 06 June 2023. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of Swedish dividend payers (5.3%). Higher than average of industry peers (2.9%). Reported Earnings • May 03
First quarter 2023 earnings released: EPS: €1.11 (vs €0.84 in 1Q 2022) First quarter 2023 results: EPS: €1.11 (up from €0.84 in 1Q 2022). Revenue: €11.2b (up 31% from 1Q 2022). Net income: €555.0m (up 32% from 1Q 2022). Profit margin: 5.0% (in line with 1Q 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Machinery 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 only increased by 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr234, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 20x in the Machinery industry in Sweden. Total returns to shareholders of 66% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr337 per share. Price Target Changed • Mar 15
Price target increased by 10% to kr225 Up from kr204, the current price target is an average from 14 analysts. New target price is 21% above last closing price of kr186. Stock is down 3.4% over the past year. The company is forecast to post earnings per share of €3.39 for next year compared to €2.28 last year. Reported Earnings • Mar 09
Full year 2022 earnings released: EPS: €2.28 (vs €0.91 in FY 2021) Full year 2022 results: EPS: €2.28 (up from €0.91 in FY 2021). Revenue: €40.3b (up 32% from FY 2021). Net income: €1.14b (up 150% from FY 2021). Profit margin: 2.8% (up from 1.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to kr203, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 21x in the Machinery industry in Sweden. Total returns to shareholders of 23% over the past three years. Price Target Changed • Dec 15
Price target increased to kr176 Up from kr157, the current price target is an average from 15 analysts. New target price is 12% above last closing price of kr157. Stock is down 28% over the past year. The company is forecast to post earnings per share of €2.29 for next year compared to €0.91 last year. Ankündigung • Dec 09
Traton SE, Annual General Meeting, Jun 01, 2023 Traton SE, Annual General Meeting, Jun 01, 2023. Reported Earnings • Oct 28
Third quarter 2022 earnings released: €0.065 loss per share (vs €0.64 profit in 3Q 2021) Third quarter 2022 results: €0.065 loss per share (down from €0.64 profit in 3Q 2021). Revenue: €10.6b (up 31% from 3Q 2021). Net loss: €32.0m (down 110% from profit in 3Q 2021). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 29
Second quarter 2022 earnings released: EPS: €0.54 (vs €0.43 in 2Q 2021) Second quarter 2022 results: EPS: €0.54 (up from €0.43 in 2Q 2021). Revenue: €9.46b (up 34% from 2Q 2021). Net income: €268.0m (up 24% from 2Q 2021). Profit margin: 2.8% (down from 3.1% in 2Q 2021). Over the next year, revenue is forecast to grow 7.2%, compared to a 10% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Price Target Changed • Jul 28
Price target decreased to kr172 Down from kr233, the current price target is an average from 13 analysts. New target price is 11% above last closing price of kr155. Stock is down 44% over the past year. The company is forecast to post earnings per share of €2.52 for next year compared to €0.91 last year. Upcoming Dividend • Jun 03
Upcoming dividend of €0.50 per share Eligible shareholders must have bought the stock before 10 June 2022. Payment date: 14 June 2022. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Swedish dividend payers (4.8%). Higher than average of industry peers (2.3%). Reported Earnings • May 05
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: €0.84 (up from €0.26 in 1Q 2021). Revenue: €8.53b (up 30% from 1Q 2021). Net income: €422.0m (up 227% from 1Q 2021). Profit margin: 5.0% (up from 2.0% in 1Q 2021). Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 46%. Over the next year, revenue is forecast to grow 11%, compared to a 16% growth forecast for the industry in Sweden. Price Target Changed • Apr 27
Price target decreased to kr228 Down from kr253, the current price target is an average from 12 analysts. New target price is 43% above last closing price of kr159. Stock is down 35% over the past year. The company is forecast to post earnings per share of €2.39 for next year compared to €0.91 last year. Price Target Changed • Apr 13
Price target decreased to kr228 Down from kr246, the current price target is an average from 9 analysts. New target price is 47% above last closing price of kr155. Stock is down 34% over the past year. The company is forecast to post earnings per share of €2.55 for next year compared to €0.91 last year. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment deteriorated over the past week After last week's 15% share price decline to kr161, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 17x in the Machinery industry in Sweden. Total loss to shareholders of 32% over the past year. Reported Earnings • Mar 17
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: €0.91 (up from €0.20 loss in FY 2020). Revenue: €30.6b (up 36% from FY 2020). Net income: €457.0m (up €558.0m from FY 2020). Profit margin: 1.5% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 46%. Over the next year, revenue is forecast to grow 14%, compared to a 17% growth forecast for the industry in Sweden. Price Target Changed • Nov 04
Price target decreased to kr246 Down from kr284, the current price target is an average from 12 analysts. New target price is 10% above last closing price of kr223. Stock is up 23% over the past year. The company is forecast to post earnings per share of €2.42 next year compared to a net loss per share of €0.20 last year. Reported Earnings • Oct 29
Third quarter 2021 earnings released: EPS €0.65 (vs €0.26 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €8.05b (up 42% from 3Q 2020). Net income: €326.0m (up 153% from 3Q 2020). Profit margin: 4.1% (up from 2.3% in 3Q 2020). Price Target Changed • Oct 11
Price target decreased to kr307 Down from kr352, the current price target is an average from 12 analysts. New target price is 38% above last closing price of kr223. Stock is up 20% over the past year. Executive Departure • Oct 01
Chief Executive Officer Matthias Grundler has left the company On the 30th of September, Matthias Grundler's tenure as Chief Executive Officer of the company ended after 1.2 years in the role. We don't have any record of a personal shareholding under Matthias' name. A total of 2 executives have left over the last 12 months. Under Matthias' leadership, the company delivered a total shareholder return of 32%. Executive Departure • Oct 01
Chief Financial Officer Christian Schulz has left the company On the 30th of September, Christian Schulz's tenure as Chief Financial Officer ended after 3.3 years in the role. As of June 2021, Christian still personally held 4.05k shares (kr745k worth at the time). A total of 2 executives have left over the last 12 months. Reported Earnings • Jul 29
Second quarter 2021 earnings released: EPS €0.43 (vs €0.74 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €7.08b (up 61% from 2Q 2020). Net income: €216.0m (up €584.0m from 2Q 2020). Profit margin: 3.1% (up from net loss in 2Q 2020). Price Target Changed • Jul 20
Price target increased to kr352 Up from kr316, the current price target is an average from 11 analysts. New target price is 35% above last closing price of kr261. Stock is up 34% over the past year. Upcoming Dividend • Jun 25
Upcoming dividend of €0.25 per share Eligible shareholders must have bought the stock before 01 July 2021. Payment date: 05 July 2021. Trailing yield: 0.9%. Lower than top quartile of Swedish dividend payers (3.5%). Lower than average of industry peers (1.9%). Reported Earnings • May 11
First quarter 2021 earnings released: EPS €0.26 (vs €0.19 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €6.54b (up 15% from 1Q 2020). Net income: €129.0m (up 34% from 1Q 2020). Profit margin: 2.0% (up from 1.7% in 1Q 2020). Reported Earnings • Mar 12
Full year 2020 earnings released: €0.20 loss per share (vs €3.04 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €22.6b (down 16% from FY 2019). Net loss: €101.0m (down 107% from profit in FY 2019). Analyst Estimate Surprise Post Earnings • Mar 12
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 347%. Over the next year, revenue is forecast to grow 12%, compared to a 9.5% growth forecast for the Machinery industry in Sweden. Is New 90 Day High Low • Mar 05
New 90-day high: kr253 The company is up 7.0% from its price of kr235 on 04 December 2020. The Swedish market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr1,829 per share. Price Target Changed • Feb 09
Price target raised to kr332 Up from kr293, the current price target is an average from 12 analysts. The new target price is 38% above the current share price of kr241. As of last close, the stock is down 2.2% over the past year. Is New 90 Day High Low • Jan 09
New 90-day high: kr243 The company is up 33% from its price of kr183 on 09 October 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr862 per share. Is New 90 Day High Low • Dec 08
New 90-day high: kr240 The company is up 24% from its price of kr193 on 09 September 2020. The Swedish market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr720 per share. Price Target Changed • Nov 13
Price target raised to kr220 Up from kr201, the current price target is an average from 11 analysts. The new target price is 11% above the current share price of kr199. As of last close, the stock is down 25% over the past year. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue beats expectations Revenue exceeded analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 6.6%, compared to a 3.1% growth forecast for the Machinery industry in Sweden. Is New 90 Day High Low • Nov 11
New 90-day high: kr196 The company is up 13% from its price of kr174 on 12 August 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr126 per share. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS €0.27 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €5.67b (down 9.8% from 3Q 2019). Net income: €129.0m (down 70% from 3Q 2019). Profit margin: 2.3% (down from 6.8% in 3Q 2019). The decrease in margin was driven by lower revenue. Price Target Changed • Nov 04
Price target lowered to kr201 Down from kr219, the current price target is an average from 10 analysts. The new target price is 13% above the current share price of kr178. As of last close, the stock is down 32% over the past year. 
