Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to kr1.84, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 10x in the Consumer Finance industry in Europe. Total loss to shareholders of 75% over the past three years. Anuncio • Jul 03
SaveLend Group AB (publ) announced that it expects to receive SEK 14 million in funding from JEQ Capitalis, Thalor Capital Ab, Refino AB SaveLend Group AB (publ) announced a private placement of to issue convertible loan in the principal amount of SEK 14,000,000 for gross proceeds of SEK 14,000,000 on July 2, 2026. The transaction includes participation from new investors Refino AB for SEK 9,000,000, JEQ Capital AB, a fund managed by JEQ Capitalis for SEK 3,000,000 and Thalor Capital Ab for SEK 2,000,000. The notes are convertible into ordinary shares of the company at a conversion price value of SEK 1.909 per share and bears interest at an annual rate of STIBOR 90 days plus 6 percentage points, accruing from and including the date on which payment for the convertible has been received by the company up to and including the maturity date. The maturity date is of July 1, 2027. The transaction has been approved by the board of directors of the company. New Risk • Jun 23
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr96.0m (US$9.90m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.6% operating cash flow to total debt). Market cap is less than US$10m (kr96.0m market cap, or US$9.90m). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to kr1.88, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 8x in the Consumer Finance industry in Europe. Total loss to shareholders of 76% over the past three years. New Risk • Apr 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 9.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-kr5.3m free cash flow). Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$100m (kr96.0m market cap, or US$10.4m). Reported Earnings • Apr 17
Full year 2025 earnings released: kr0.28 loss per share (vs kr0.40 loss in FY 2024) Full year 2025 results: kr0.28 loss per share (improved from kr0.40 loss in FY 2024). Revenue: kr107.5m (down 4.1% from FY 2024). Net loss: kr15.9m (loss narrowed 29% from FY 2024). 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 43% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Mar 09
Deputy CEO & Chief Commercial Officer recently bought kr60k worth of stock On the 2nd of March, Jonas Ahlberg bought around 39k shares on-market at roughly kr1.53 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr279k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 05
Deputy CEO & Chief Commercial Officer recently bought kr60k worth of stock On the 2nd of March, Jonas Ahlberg bought around 39k shares on-market at roughly kr1.53 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr873k more in shares than they have sold in the last 12 months. New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (kr89.4m market cap, or US$9.90m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). New Risk • Feb 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr90.5m (US$9.99m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Anuncio • Dec 03
SaveLend Group AB (publ), Annual General Meeting, May 08, 2026 SaveLend Group AB (publ), Annual General Meeting, May 08, 2026. Reported Earnings • Aug 19
Second quarter 2025 earnings released: kr0.29 loss per share (vs kr0.091 loss in 2Q 2024) Second quarter 2025 results: kr0.29 loss per share (further deteriorated from kr0.091 loss in 2Q 2024). Revenue: kr27.1m (down 35% from 2Q 2024). Net loss: kr16.6m (loss widened 239% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. New Risk • Jul 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr9.2m free cash flow). Earnings have declined by 1.1% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (kr126.0m market cap, or US$13.3m). Board Change • Apr 29
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Kaj Ronnlund 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. Anuncio • Apr 24
Savelend Group AB (Publ) Announces Board Changes SaveLend Group AB (publ) announced that Håkan Nyberg, Sara Asgari, and Rickard Blomberg elected to the Board of Directors for the period until the end of the next Annual General Meeting. Håkan Nyberg was elected as Chairman of the Board. New Risk • Apr 17
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr9.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr9.2m free cash flow). Earnings have declined by 6.5% per year over the past 5 years. Minor Risk Market cap is less than US$100m (kr96.5m market cap, or US$10.0m). Anuncio • Mar 25
SaveLend Group AB (publ), Annual General Meeting, Apr 24, 2025 SaveLend Group AB (publ), Annual General Meeting, Apr 24, 2025, at 09:00 W. Europe Standard Time. Location: at thecompanys office, at kammakargatan 7, stockholm Sweden Anuncio • Mar 24
SaveLend Group AB (publ) Announces Board Changes SaveLend Group AB (publ) announced that Current Board members Bo Engström, Birgit Köster Hoffmann, and Rune Pettersson have declined re-election. It is noted that Johan Roos left the Board earlier in 2025. Furthermore, the Nomination Committee proposes the election of Håkan Nyberg as Chairman of the Board as Bo Engström has declined re-election. Recent Insider Transactions • Mar 12
Deputy Chief Executive Officer recently bought kr595k worth of stock On the 7th of March, Jonas Ahlberg bought around 420k shares on-market at roughly kr1.42 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr751k more in shares than they have sold in the last 12 months. New Risk • Mar 04
New major risk - Revenue and earnings growth Earnings have declined by 6.6% 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 Risks Earnings have declined by 6.6% per year over the past 5 years. Market cap is less than US$10m (kr81.1m market cap, or US$7.69m). Minor Risk Less than 1 year of cash runway based on current free cash flow (-kr27m). New Risk • Jan 31
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr100.8m (US$9.12m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (kr100.8m market cap, or US$9.12m). Minor Risk Less than 1 year of cash runway based on current free cash flow (-kr27m). Anuncio • Jan 31
Savelend Group AB (Publ) Announces Resignation of Johan Roos from the Board SaveLend Group AB (publ) announced that As previously communicated, Johan Roos had declined re-election to SaveLend Group’s board. However, following this transaction, he has now chosen to immediately resign from the board to focus on his role as Chairman of Billecta. Anuncio • Dec 04
SaveLend Group AB (publ) Appoints Karl Tigerhielm as Head of Real Estate, Effective January 13, 2025 SaveLend Group AB has appointed Karl Tigerhielm as Head of Real Estate to lead the growth of the Company's real estate financing through its Project Financing product. Karl will officially begin his role on 13 January 2025. Karl joins SaveLend Group from Tessin Nordic AB, where he spent the past five years working with real estate credit and capital acquisition from various institutions in Sweden and the UK. He has worked in finance for approximately 20 years and has also spent over a decade in IT, collaborating with clients in Sweden, Denmark, and Canada. Reported Earnings • Nov 15
Third quarter 2024 earnings released: kr0.07 loss per share (vs kr0.002 loss in 3Q 2023) Third quarter 2024 results: kr0.07 loss per share (further deteriorated from kr0.002 loss in 3Q 2023). Revenue: kr37.4m (down 12% from 3Q 2023). Net loss: kr4.02m (loss widened kr3.90m from 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Finance industry in Europe. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 18
Second quarter 2024 earnings released: kr0.091 loss per share (vs kr0.086 loss in 2Q 2023) Second quarter 2024 results: kr0.091 loss per share (further deteriorated from kr0.086 loss in 2Q 2023). Revenue: kr41.6m (down 2.3% from 2Q 2023). Net loss: kr4.89m (loss widened 6.5% from 2Q 2023). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Finance industry in Europe. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. New Risk • Jun 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr24m). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (7.0% increase in shares outstanding). Market cap is less than US$100m (kr140.4m market cap, or US$13.2m). Breakeven Date Change • May 17
Forecast breakeven date pushed back to 2025 The analyst covering SaveLend Group previously expected the company to break even in 2024. New forecast suggests the company will make a profit of kr18.0m in 2025. Average annual earnings growth of 107% is required to achieve expected profit on schedule. Anuncio • Apr 28
SaveLend Group AB (publ) Appoints Peter Balod as Permanent CEO SaveLend Group AB (publ) has appointed Peter Balod as the new CEO of SaveLend Group. Peter Balod assumed the role of acting CEO in February 2024 after having worked at the Company for a short time as Chief Commercial Officer. Peter Balod has a broad background in banking and finance and is strongly commercially driven. During his over twelve years in the industry, he has held positions such as CMO at Svea Ekonomi, Country Manager at Mash, and CEO of Bigbank AS Swedish branch. Anuncio • Apr 26
Savelend Group AB (Publ) Announces Election of Rune Pettersson as New Board Member SaveLend Group AB (publ) announced that at the AGM held on April 25, 2024, elected Rune Pettersson as a new board member. Recent Insider Transactions • Mar 30
Deputy Chief Executive Officer recently bought kr110k worth of stock On the 26th of March, Jonas Ahlberg bought around 29k shares on-market at roughly kr3.72 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr799k. Insiders have collectively bought kr1.8m more in shares than they have sold in the last 12 months. New Risk • Mar 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr12m free cash flow). Earnings have declined by 13% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (kr203.0m market cap, or US$19.6m). Reported Earnings • Feb 22
Full year 2023 earnings released: kr0.22 loss per share (vs kr0.55 loss in FY 2022) Full year 2023 results: kr0.22 loss per share (improved from kr0.55 loss in FY 2022). Revenue: kr172.2m (up 13% from FY 2022). Net loss: kr11.6m (loss narrowed 59% from FY 2022). New Risk • Feb 13
New major risk - Revenue and earnings growth Earnings have declined by 18% 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 18% per year over the past 5 years. Minor Risk Market cap is less than US$100m (kr221.7m market cap, or US$21.3m). Anuncio • Feb 09
Savelend Group AB (Publ) Announces Demise of Ludwig Pettersson, Board Member SaveLend Group AB’s founder and board member Ludwig Pettersson has passed away after a period of illness. With his tireless initiative and natural leadership style, Ludwig has run and developed the business since its inception in 2014. After Ludwig's passing, the SaveLend Group board will consist of five members. Ludwig will not be replaced during the period leading up to the upcoming annual general meeting on April 25th. Anuncio • Feb 08
SaveLend Group AB (publ) Announces CEO Changes The board of SaveLend Group AB (publ) has decided that Ludwig Pettersson immediately shall resign from his role as CEO of the company, including applicable subsidiaries, due to illness. The board will now initiate the search for a new CEO for the Company. During this period, Peter Balod, currently the Chief Commercial Officer of the Company, will also assume the role of acting CEO of the Company. Peter has extensive experience in the finance sector and in leading companies, which provides reassurance and stability to both employees and shareholders as well as customers. Recent Insider Transactions • Jan 08
Chief Operating Officer recently bought kr799k worth of stock On the 4th of January, Jacob Gevcen bought around 147k shares on-market at roughly kr5.43 per share. This transaction amounted to 5.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Jacob's only on-market trade for the last 12 months. Anuncio • Dec 14
SaveLend Group AB (publ) Announces CFO Changes SaveLend Group AB (publ) announced the appointment of Jenny Gabrielsson as Chief Financial Officer. Jenny will assume her position on February 16, 2024, succeeding Jonas Ahlberg, who will continue in his role as Deputy CEO. Currently serving as CFO of ClimateView AB, Jenny Gabrielsson previously held the same position at the security company Detectify, and spent nearly a decade at DNB Bank in various senior leadership roles, including CFO and Chief Operating Officer for Northern Europe. Beginning her career as an auditor at PWC, Jenny has extensive experience in auditing, accounting, treasury, and finance. She possesses clear leadership qualities and strong competencies in strategic planning. Jenny Gabrielsson will join the executive team by February 16, 2024, at the latest. Anuncio • Dec 01
SaveLend Group AB (publ), Annual General Meeting, Apr 25, 2024 SaveLend Group AB (publ), Annual General Meeting, Apr 25, 2024. Reported Earnings • Nov 16
Third quarter 2023 earnings released: kr0.002 loss per share (vs kr0.085 loss in 3Q 2022) Third quarter 2023 results: kr0.002 loss per share (improved from kr0.085 loss in 3Q 2022). Revenue: kr42.5m (up 3.5% from 3Q 2022). Net loss: kr124.0k (loss narrowed 97% from 3Q 2022). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Finance industry in Europe. Anuncio • Nov 15
SaveLend Group AB (publ) Launches Project Finance, New Way for Investors to Actively Choose Their Investment Projects SaveLend Group AB (publ) is launching its new product, Project Finance, on the savings platform. This solution allows investors to choose specific projects to invest in themselves. With Project Finance, investors can place larger amounts in selected real estate and corporate loans than was previously possible through the Company's interest robot. Prior to the launch, SaveLend Group conducted a pilot study and observed significant interest from the investor side. Projects presented via email and handled manually have received positive reactions and closed very quickly, indicating a strong demand for this type of investment opportunity. Project Finance has been available on the SaveLend Group savings platform since yesterday, November 13. Larger investments in individual projects entail greater risk than investing through SaveLend's saving strategies where the interest robot distributes capital across a large number of credits in different categories. The loans mediated through Project Finance fall under the crowdfunding license, and an investment in this product therefore requires a completed knowledge test and a four-day reflection period. Anuncio • Oct 21
SaveLend Group AB (publ) Announces Executive Appointments, Effective on January 8, 2024 SaveLend Group AB has recruited Björn Johnson as Chief Credit Officer and Peter Balod as Chief Commercial Officer. Both will assume their positions on January 8, 2024. Björn Johnson currently serves as the Head of Credit at Tessin Nordic, a role he has held for the past four years. Prior to this, he spent over ten years at Swedbank, including as the Head of Credit & Risk at Swedbank Finans. Björn has extensive experience in developing existing credit organizations. Peter Balod has been the CEO of BigBank Sweden for the past three years and has previously held roles such as Chief Marketing Officer at Svea Ekonomi (now Svea Bank). Peter has a solid background in the banking and finance industry and is highly commercially driven. Anuncio • Aug 31
Robert Andersson Resigns as Board Member of SaveLend Group AB At his own request, Robert Andersson has stepped down from his position as a board member of SaveLend Group AB in order to focus on his operational responsibilities. According to SaveLend Group AB's articles of association, the board should consist of a minimum of three and a maximum of ten members. After Robert Andersson's departure from the board, it will consist of six members, thus fulfilling the requirements of the articles of association. Recent Insider Transactions • Aug 18
Independent Director recently bought kr120k worth of stock On the 16th of August, Johan Roos bought around 20k shares on-market at roughly kr6.00 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr190k. Insiders have collectively bought kr1.8m more in shares than they have sold in the last 12 months. Reported Earnings • Aug 17
Second quarter 2023 earnings released: kr0.086 loss per share (vs kr0.24 loss in 2Q 2022) Second quarter 2023 results: kr0.086 loss per share (improved from kr0.24 loss in 2Q 2022). Revenue: kr42.6m (up 19% from 2Q 2022). Net loss: kr4.60m (loss narrowed 63% from 2Q 2022). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in Europe. Recent Insider Transactions • May 25
Independent Director recently bought kr190k worth of stock On the 23rd of May, Johan Roos bought around 25k shares on-market at roughly kr7.59 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr1.8m more in shares than they have sold in the last 12 months. Reported Earnings • May 19
First quarter 2023 earnings released: kr0.023 loss per share (vs kr0.17 loss in 1Q 2022) First quarter 2023 results: kr0.023 loss per share (improved from kr0.17 loss in 1Q 2022). Revenue: kr45.1m (up 51% from 1Q 2022). Net loss: kr1.22m (loss narrowed 85% from 1Q 2022). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Finance industry in Europe. Breakeven Date Change • Mar 02
Forecast breakeven date moved forward to 2023 The 2 analysts covering SaveLend Group previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of kr13.0m in 2023. Earnings growth of 84% is required to achieve expected profit on schedule. Breakeven Date Change • Feb 24
Forecast to breakeven in 2024 The 2 analysts covering SaveLend Group expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of kr28.0m in 2024. Average annual earnings growth of 100% is required to achieve expected profit on schedule. Reported Earnings • Feb 23
Full year 2022 earnings released: kr0.55 loss per share (vs kr0.92 loss in FY 2021) Full year 2022 results: kr0.55 loss per share (improved from kr0.92 loss in FY 2021). Revenue: kr152.8m (up 62% from FY 2021). Net loss: kr28.1m (loss narrowed 2.1% from FY 2021). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Consumer Finance industry in Europe. Recent Insider Transactions • Dec 09
Founder recently bought kr4.3m worth of stock On the 7th of December, Ludwig Pettersson bought around 453k shares on-market at roughly kr9.44 per share. This transaction amounted to 4.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Ludwig has been a buyer over the last 12 months, purchasing a net total of kr4.6m worth in shares. Recent Insider Transactions Derivative • Dec 03
Deputy CEO & CFO exercised options to buy kr5.0m worth of stock. On the 30th of November, Jonas Ahlberg exercised options to buy 534k shares at a strike price of around kr9.16, costing a total of kr4.9m. This transaction amounted to 20% of their direct individual holding at the time of the trade. Since December 2021, Jonas' direct individual holding has increased from 3.13m shares to 3.27m. Company insiders have collectively bought kr1.9m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Dec 01
Founder recently bought kr215k worth of stock On the 25th of November, Ludwig Pettersson bought around 24k shares on-market at roughly kr8.84 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Ludwig has been a buyer over the last 12 months, purchasing a net total of kr292k worth in shares. Major Estimate Revision • Nov 26
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -kr0.70 to -kr0.60 per share. Revenue forecast steady at kr151.0m. Consumer Finance industry in Sweden expected to see average net income decline 4.7% next year. Consensus price target down from kr14.60 to kr13.60. Share price fell 7.3% to kr8.74 over the past week. Reported Earnings • Nov 18
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: kr0.085 loss per share (further deteriorated from kr0.076 loss in 3Q 2021). Revenue: kr41.1m (up 73% from 3Q 2021). Net loss: kr4.41m (loss widened 30% from 3Q 2021). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 55%. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Consumer Finance industry in Europe. Price Target Changed • Nov 16
Price target increased to kr14.60 Up from kr12.45, the current price target is an average from 2 analysts. New target price is 52% above last closing price of kr9.59. Stock is up 16% over the past year. The company is forecast to post a net loss per share of kr0.70 next year compared to a net loss per share of kr0.92 last year. Major Estimate Revision • Sep 10
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from kr147.0m to kr152.0m. Forecast EPS reduced from -kr0.60 to -kr0.70 per share. Consumer Finance industry in Sweden expected to see average net income growth of 7.1% next year. Consensus price target of kr14.38 unchanged from last update. Share price rose 7.8% to kr9.00 over the past week. Reported Earnings • Aug 23
Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2022 results: kr0.24 loss per share (up from kr0.46 loss in 2Q 2021). Revenue: kr35.7m (up 68% from 2Q 2021). Net loss: kr12.2m (loss narrowed 6.6% from 2Q 2021). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 20%. Over the next year, revenue is forecast to grow 55%, compared to a 21% growth forecast for the Consumer Finance industry in Sweden. Recent Insider Transactions • Jul 06
Chief Operating Officer recently bought kr73k worth of stock On the 29th of June, Martin Brandefors bought around 10k shares on-market at roughly kr7.30 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr77k. This was Martin's only on-market trade for the last 12 months. Recent Insider Transactions • Jun 26
Founder recently bought kr77k worth of stock On the 23rd of June, Ludwig Pettersson bought around 11k shares on-market at roughly kr7.31 per share. This was the largest purchase by an insider in the last 3 months. This was Ludwig's only on-market trade for the last 12 months. Major Estimate Revision • Jun 03
Consensus revenue estimates fall by 13% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from kr168.0m to kr147.0m. Forecast losses increased from -kr0.31 to -kr0.60 per share. Consumer Finance industry in Sweden expected to see average net income growth of 32% next year. Consensus price target of kr14.38 unchanged from last update. Share price was steady at kr7.60 over the past week. Board Change • Jun 01
High number of new directors Independent Director Kaj Ronnlund was the last director to join the board, commencing their role in 2022. Reported Earnings • May 19
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: kr0.17 loss per share (down from kr0.076 loss in 1Q 2021). Revenue: kr29.9m (up 56% from 1Q 2021). Net loss: kr8.19m (loss widened 183% from 1Q 2021). Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 70%. Over the next year, revenue is forecast to grow 77%, compared to a 77% growth forecast for the industry in Sweden. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Helena Moller was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Mar 09
Forecast to breakeven in 2023 The analyst covering SaveLend Group expects the company to break even for the first time. New forecast suggests losses will reduce by 27% to 2022. The company is expected to make a profit of kr5.00m in 2023. Average annual earnings growth of 92% is required to achieve expected profit on schedule. Reported Earnings • Feb 25
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: kr1.07 loss per share (down from kr0.39 loss in FY 2020). Revenue: kr94.3m (up 67% from FY 2020). Net loss: kr28.7m (loss widened 96% from FY 2020). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 167%. Over the next year, revenue is forecast to grow 60%, compared to a 89% growth forecast for the industry in Sweden. Reported Earnings • Nov 21
Third quarter 2021 earnings released: kr0.076 loss per share (vs kr0.024 loss in 3Q 2020) The company reported a mediocre third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: kr23.7m (up 59% from 3Q 2020). Net loss: kr3.39m (loss widened 265% from 3Q 2020). Reported Earnings • Aug 21
Second quarter 2021 earnings released: kr0.46 loss per share (vs kr0.12 loss in 2Q 2020) The company reported a mediocre second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: kr21.3m (up 77% from 2Q 2020). Net loss: kr13.1m (loss widened 208% from 2Q 2020).