Anuncio • Jul 29
Provide IT Sweden AB (publ) to Report Q1, 2026 Results on Aug 28, 2025 Provide IT Sweden AB (publ) announced that they will report Q1, 2026 results on Aug 28, 2025 Anuncio • Apr 30
Provide IT Sweden AB (publ) to Report Fiscal Year 2025 Results on May 29, 2025 Provide IT Sweden AB (publ) announced that they will report fiscal year 2025 results on May 29, 2025 Anuncio • Jan 29
Provide IT Sweden AB (publ) to Report Q3, 2025 Results on Feb 27, 2025 Provide IT Sweden AB (publ) announced that they will report Q3, 2025 results on Feb 27, 2025 Anuncio • Jan 08
Philip Kornmann, Marek Pietrzak and Mariusz Pietrzak acquired 12.7% stake in Provide IT Sweden AB (publ) (NGM:PROVIT) from Faraj Industries AB for SEK 1.5 million. Philip Kornmann, Marek Pietrzak and Mariusz Pietrzak acquired 12.7% stake in Provide IT Sweden AB (publ) (NGM:PROVIT) from Faraj Industries AB for SEK 1.5 million on January 7, 2025. As part of the acquisition, Philip Kornmann, Marek Pietrzak and Mariusz Pietrzak acquired 0.85 million shares at a price of SEK 1.8 per share through their equally held holding company MPPK HoldCo AB. On completion, Philip Kornmann, Marek Pietrzak and Mariusz Pietrzak intends to replace Bawan Faraj as the Company's CEO with Philip Kornmann, approximately 3 months after an extraordinary general meeting.
Philip Kornmann, Marek Pietrzak and Mariusz Pietrzak completed the acquisition of 12.7% stake in Provide IT Sweden AB (publ) (NGM:PROVIT) from Faraj Industries AB on January 7, 2025. Anuncio • Oct 30
Provide IT Sweden AB (publ) to Report Q2, 2025 Results on Nov 28, 2024 Provide IT Sweden AB (publ) announced that they will report Q2, 2025 results on Nov 28, 2024 Anuncio • Jul 31
Provide IT Sweden AB (publ) to Report Q1, 2025 Results on Aug 29, 2024 Provide IT Sweden AB (publ) announced that they will report Q1, 2025 results on Aug 29, 2024 Anuncio • May 01
Provide IT Sweden AB (publ) to Report Fiscal Year 2024 Results on May 30, 2024 Provide IT Sweden AB (publ) announced that they will report fiscal year 2024 results on May 30, 2024 Anuncio • Jan 30
Provide IT Sweden AB (publ) to Report Q3, 2024 Results on Feb 28, 2024 Provide IT Sweden AB (publ) announced that they will report Q3, 2024 results on Feb 28, 2024 Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr2.44, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 16x in the IT industry in Sweden. Total loss to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to kr1.88, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 16x in the IT industry in Sweden. Total loss to shareholders of 37% over the past three years. Reported Earnings • Dec 03
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: kr5.75m (up 11% from 2Q 2023). Net loss: kr318.0k (down 219% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 21% per year. Anuncio • Oct 31
Provide IT Sweden AB (publ) to Report Q2, 2024 Results on Nov 29, 2023 Provide IT Sweden AB (publ) announced that they will report Q2, 2024 results on Nov 29, 2023 New Risk • Oct 19
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 8.4% 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 Market cap is less than US$10m (kr15.6m market cap, or US$1.42m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.4% average weekly change). Revenue is less than US$5m (kr29m revenue, or US$2.6m). Recent Insider Transactions • Oct 12
Founder recently sold kr199k worth of stock On the 9th of October, Bawan Faraj sold around 85k shares on-market at roughly kr2.33 per share. This transaction amounted to 5.6% 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 Bawan's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to kr2.20, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 14x in the IT industry in Sweden. Total loss to shareholders of 17% over the past three years. Upcoming Dividend • Sep 19
Upcoming dividend of kr0.39 per share at 16% yield Eligible shareholders must have bought the stock before 26 September 2023. Payment date: 02 October 2023. The company is paying out more than 100% of its profits and is paying out 77% of its cash flow. Trailing yield: 16%. Within top quartile of Swedish dividend payers (5.3%). Higher than average of industry peers (3.3%). Reported Earnings • Aug 28
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr7.27m (up 28% from 1Q 2023). Net income: kr22.0k (down 93% from 1Q 2023). Profit margin: 0.3% (down from 5.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 13% per year. Anuncio • Aug 27
Provide IT Sweden AB (publ), Annual General Meeting, Sep 25, 2023 Provide IT Sweden AB (publ), Annual General Meeting, Sep 25, 2023. Anuncio • Jul 28
Provide IT Sweden AB (publ) to Report Q1, 2024 Results on Aug 25, 2023 Provide IT Sweden AB (publ) announced that they will report Q1, 2024 results on Aug 25, 2023 Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to kr3.38, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 14x in the IT industry in Sweden. Total returns to shareholders of 61% over the past three years. Reported Earnings • Jun 05
Full year 2023 earnings released: EPS: kr0.39 (vs kr0.33 in FY 2022) Full year 2023 results: EPS: kr0.39 (up from kr0.33 in FY 2022). Revenue: kr27.3m (up 8.8% from FY 2022). Net income: kr2.60m (up 17% from FY 2022). Profit margin: 9.5% (in line with FY 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year and the company’s share price has also fallen by 1% per year. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to kr2.94, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 14x in the IT industry in Sweden. Total returns to shareholders of 41% over the past three years. Upcoming Dividend • Apr 06
Upcoming dividend of kr0.45 per share at 6.4% yield Eligible shareholders must have bought the stock before 13 April 2023. Payment date: 19 April 2023. Trailing yield: 6.4%. Within top quartile of Swedish dividend payers (5.0%). Higher than average of industry peers (2.2%). Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to kr5.62, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 17x in the IT industry in Sweden. Total returns to shareholders of 172% over the past three years. Anuncio • Jan 29
Provide IT Sweden AB (publ) to Report Q3, 2023 Results on Feb 27, 2023 Provide IT Sweden AB (publ) announced that they will report Q3, 2023 results on Feb 27, 2023 Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improved over the past week After last week's 15% share price gain to kr5.98, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 15x in the IT industry in Sweden. Total returns to shareholders of 162% over the past three years. Reported Earnings • Dec 01
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr5.19m (down 3.9% from 2Q 2022). Net income: kr268.0k (down 32% from 2Q 2022). Profit margin: 5.2% (down from 7.3% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Board Change • Nov 17
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improved over the past week After last week's 23% share price gain to kr7.24, the stock trades at a trailing P/E ratio of 31.1x. Average trailing P/E is 14x in the IT industry in Sweden. Total returns to shareholders of 112% over the past three years. Upcoming Dividend • Sep 22
Upcoming dividend of kr0.33 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 October 2022. Trailing yield: 4.9%. Lower than top quartile of Swedish dividend payers (5.9%). Higher than average of industry peers (2.3%). Buying Opportunity • Sep 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be kr7.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 25%. Reported Earnings • Sep 01
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr5.68m (down 23% from 1Q 2022). Net income: kr306.0k (down 71% from 1Q 2022). Profit margin: 5.4% (down from 14% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Anuncio • Sep 01
Provide IT Sweden AB (publ), Annual General Meeting, Sep 28, 2022 Provide IT Sweden AB (publ), Annual General Meeting, Sep 28, 2022. Reported Earnings • Jun 03
Full year 2022 earnings released: EPS: kr0.34 (vs kr0.47 in FY 2021) Full year 2022 results: EPS: kr0.34 (down from kr0.47 in FY 2021). Revenue: kr25.3m (up 2.1% from FY 2021). Net income: kr2.29m (down 27% from FY 2021). Profit margin: 9.1% (down from 13% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improved over the past week After last week's 23% share price gain to kr7.00, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 17x in the IT industry in Sweden. Total returns to shareholders of 114% over the past three years. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr6.12, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 16x in the IT industry in Sweden. Total returns to shareholders of 91% over the past three years. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improved over the past week After last week's 16% share price gain to kr7.38, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 20x in the IT industry in Sweden. Total returns to shareholders of 88% over the past three years. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 17% share price decline to kr6.22, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 19x in the IT industry in Sweden. Total returns to shareholders of 61% over the past three years. Reported Earnings • Mar 04
Third quarter 2022 earnings: Revenues in line with analyst expectations Third quarter 2022 results: Revenue: kr6.24m (down 2.2% from 3Q 2021). Net income: kr276.0k (down 65% from 3Q 2021). Profit margin: 4.4% (down from 13% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Feb 08
Now 24% undervalued Over the last 90 days, the stock is up 3.9%. The fair value is estimated to be kr9.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% per annum over the last 3 years. Earnings per share has grown by 23% per annum over the last 3 years. Buying Opportunity • Jan 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.0%. The fair value is estimated to be kr9.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% per annum over the last 3 years. Earnings per share has grown by 23% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 16% share price gain to kr8.00, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 28x in the IT industry in Sweden. Total returns to shareholders of 98% over the past three years. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improved over the past week After last week's 20% share price gain to kr6.68, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 25x in the IT industry in Sweden. Total returns to shareholders of 71% over the past three years. Reported Earnings • Dec 02
Second quarter 2022 earnings: Revenues in line with analyst expectations Second quarter 2022 results: Revenue: kr5.40m (down 9.2% from 2Q 2021). Net income: kr393.0k (down 68% from 2Q 2021). Profit margin: 7.3% (down from 21% in 2Q 2021). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 23
Investor sentiment improved over the past week After last week's 15% share price gain to kr7.96, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 24x in the IT industry in Sweden. Total returns to shareholders of 57% over the past three years. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorated over the past week After last week's 22% share price decline to kr7.34, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 25x in the IT industry in Sweden. Total returns to shareholders of 43% over the past three years. Upcoming Dividend • Sep 23
Upcoming dividend of kr0.46 per share Eligible shareholders must have bought the stock before 30 September 2021. Payment date: 06 October 2021. Trailing yield: 5.0%. Within top quartile of Swedish dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Sep 05
First quarter 2022 earnings released: EPS kr0.16 (vs kr0.11 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: kr7.37m (up 25% from 1Q 2021). Net income: kr1.05m (up 45% from 1Q 2021). Profit margin: 14% (up from 12% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 05
Full year 2021 earnings released: EPS kr0.53 (vs kr0.17 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: kr25.3m (up 9.4% from FY 2020). Net income: kr3.53m (up 220% from FY 2020). Profit margin: 14% (up from 4.8% in FY 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improved over the past week After last week's 21% share price gain to kr10.20, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 28x in the IT industry in Sweden. Total returns to shareholders of 85% over the past three years. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improved over the past week After last week's 21% share price gain to kr10.00, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 30x in the IT industry in Sweden. Total returns to shareholders of 89% over the past three years. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 15% share price gain to kr7.50, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 34x in the IT industry in Sweden. Total returns to shareholders of 59% over the past three years. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment deteriorated over the past week After last week's 17% share price decline to kr6.20, the stock is trading at a trailing P/E ratio of 15.5x, down from the previous P/E ratio of 18.6x. This compares to an average P/E of 26x in the IT industry in Sweden. Total returns to shareholders over the past three years are 16%. Is New 90 Day High Low • Jan 28
New 90-day high: kr8.70 The company is up 164% from its price of kr3.30 on 29 October 2020. The Swedish market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 24% over the same period. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improved over the past week After last week's 55% share price gain to kr8.70, the stock is trading at a trailing P/E ratio of 21.7x, up from the previous P/E ratio of 14x. This compares to an average P/E of 25x in the IT industry in Sweden. Total returns to shareholders over the past three years are 55%. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improved over the past week After last week's 20% share price gain to kr5.40, the stock is trading at a trailing P/E ratio of 13.5x, up from the previous P/E ratio of 11.2x. This compares to an average P/E of 25x in the IT industry in Sweden. Total return to shareholders over the past three years is a loss of 1.9%. Is New 90 Day High Low • Jan 13
New 90-day high: kr5.00 The company is up 35% from its price of kr3.70 on 13 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 IT industry, which is up 18% over the same period. Valuation Update With 7 Day Price Move • Dec 07
Market pulls back on stock over the past week After last week's 16% share price decline to kr4.10, the stock is trading at a trailing P/E ratio of 10.2x, down from the previous P/E ratio of 12.2x. This compares to an average P/E of 26x in the IT industry in Sweden. Total return to shareholders over the past three years is a loss of 27%. Valuation Update With 7 Day Price Move • Nov 30
Market bids up stock over the past week After last week's 17% share price gain to kr4.90, the stock is trading at a trailing P/E ratio of 18.5x, up from the previous P/E ratio of 15.7x. This compares to an average P/E of 26x in the IT industry in Sweden. Total return to shareholders over the past three years is a loss of 16%. Valuation Update With 7 Day Price Move • Nov 09
Market bids up stock over the past week After last week's 17% share price gain to kr3.86, the stock is trading at a trailing P/E ratio of 14.5x, up from the previous P/E ratio of 12.4x. This compares to an average P/E of 26x in the IT industry in Sweden. Total return to shareholders over the past three years is a loss of 28%. Valuation Update With 7 Day Price Move • Nov 05
Market bids up stock over the past week After last week's 21% share price gain to kr3.98, the stock is trading at a trailing P/E ratio of 15x, up from the previous P/E ratio of 12.4x. This compares to an average P/E of 26x in the IT industry in Sweden. Total return to shareholders over the past three years is a loss of 28%. Valuation Update With 7 Day Price Move • Oct 19
Market pulls back on stock over the past week After last week's 15% share price decline to kr3.30, the stock is trading at a trailing P/E ratio of 12.4x, down from the previous P/E ratio of 14.7x. This compares to an average P/E of 26x in the IT industry in Sweden. Total return to shareholders over the past three years is a loss of 39%. Upcoming Dividend • Sep 23
Upcoming Dividend of kr1.20 Per Share Will be paid on the 6th of October to those who are registered shareholders by the 30th of September. The trailing yield of 22% is in the top quartile of Swedish dividend payers (4.4%), and it is higher than industry peers (15%).