Recent Insider Transactions • Dec 17
Director recently bought kr1.4m worth of stock On the 13th of December, Jon Gudmundsson bought around 32k shares on-market at roughly kr44.45 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr3.0m more in shares than they bought in the last 12 months. Recent Insider Transactions • Dec 05
President & CEO recently sold kr4.9m worth of stock On the 30th of November, Peter Nilsson sold around 110k shares on-market at roughly kr44.50 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Peter has been a net seller over the last 12 months, reducing personal holdings by kr4.6m. Reported Earnings • Oct 28
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr795.0m (up 12% from 3Q 2022). Net loss: kr19.0m (down 186% from profit in 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Forestry industry in Europe. Board Change • Sep 26
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Anna Rasmuson was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jul 27
President & CEO recently bought kr280k worth of stock On the 25th of July, Peter Nilsson bought around 10k shares on-market at roughly kr28.00 per share. This transaction amounted to 10.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Peter's only on-market trade for the last 12 months. Reported Earnings • Jul 26
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr796.0m (down 21% from 2Q 2022). Net loss: kr40.0m (down 126% from profit in 2Q 2022). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Annonce • Jun 30
Bergs Timber AB (publ) (OM:BRG B) acquired 100% stake in Hedlunda Holding Ab from Dalvi Ab and Firmum AB for approximately SEK 225 million. Bergs Timber AB (publ) (OM:BRG B) acquired 100% stake in Hedlunda Holding Ab from Dalvi Ab and Firmum AB for approximately SEK 225 million on June 29, 2023. The purchase price on a cash and debt-free basis and SEK 140 million will be paid immediately and remaining SEK 85 million will may paid to Dalvi Ab and Firmum AB based on the performance over the next two financial years. The purchase price is financed through a new loan of SEK 200 million within the framework of the existing loan agreement with Danske Bank and SEB. Jerry Johansson remains in his position as CEO of Hedlunda Holding Ab. Hedlunda Holding Ab will be reported in a new product area, Furniture & Components of Bergs. Erneholm Haskel AB acted as financial advisor and Advokatfirman Vinge KB acted as legal advisor to Advokatfirman Vinge KB.Bergs Timber AB (publ) (OM:BRG B) completed the acquisition of 100% stake in Hedlunda Holding Ab from Dalvi Ab and Firmum AB on June 29, 2023. Reported Earnings • May 05
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr718.0m (down 21% from 1Q 2022). Net loss: kr18.0m (down 129% from profit in 1Q 2022). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Upcoming Dividend • Apr 29
Upcoming dividend of kr2.00 per share at 5.5% yield Eligible shareholders must have bought the stock before 05 May 2023. Payment date: 11 May 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 5.5%. Lower than top quartile of British dividend payers (5.8%). In line with average of industry peers (5.8%). Reported Earnings • Apr 05
Full year 2022 earnings released: EPS: kr6.66 (vs kr12.03 in FY 2021) Full year 2022 results: EPS: kr6.66 (down from kr12.03 in FY 2021). Revenue: kr3.27b (up 6.9% from FY 2021). Net income: kr231.0m (down 45% from FY 2021). Profit margin: 7.1% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Forestry industry in Europe. Reported Earnings • Feb 05
Full year 2022 earnings released: EPS: kr6.66 (vs kr12.03 in FY 2021) Full year 2022 results: EPS: kr6.66 (down from kr12.03 in FY 2021). Revenue: kr3.27b (up 6.9% from FY 2021). Net income: kr231.0m (down 45% from FY 2021). Profit margin: 7.1% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 2.1% p.a. on average during the next 2 years, while revenues in the Forestry industry in Europe are expected to remain flat. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Anna Rasmuson was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 27
Second quarter 2022 earnings released: EPS: kr4.41 (vs kr3.40 in 2Q 2021) Second quarter 2022 results: EPS: kr4.41 (up from kr3.40 in 2Q 2021). Revenue: kr1.01b (up 22% from 2Q 2021). Net income: kr153.0m (up 30% from 2Q 2021). Profit margin: 15% (in line with 2Q 2021). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Buying Opportunity • Oct 27
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 37%. The fair value is estimated to be kr40.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 76%. Revenue is forecast to decline by 0.09% in 2 years. Earnings is forecast to decline by 42% in the next 2 years. Board Change • Oct 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Anna Rasmuson was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Sep 01
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be kr51.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 76%. Revenue is forecast to decline by 0.1% in 2 years. Earnings is forecast to decline by 42% in the next 2 years. Reported Earnings • Jul 26
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr1.01b (up 23% from 2Q 2021). Net income: kr153.0m (up 30% from 2Q 2021). Profit margin: 15% (in line with 2Q 2021). Over the next year, revenue is expected to shrink by 2.8% compared to a 5.5% growth forecast for the industry in the United Kingdom. Board Change • Jul 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Anna Rasmuson was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Anna Rasmuson was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 20% share price gain to kr5.98, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Forestry industry in Europe. Total loss to shareholders of 6.4% over the past year. Simply Wall St's valuation model estimates the intrinsic value at kr3.77 per share. Recent Insider Transactions • May 12
Chief Financial Officer recently bought kr103k worth of stock On the 6th of May, Anders Marklund bought around 20k shares on-market at roughly kr5.15 per share. This was the largest purchase by an insider in the last 3 months. Anders has been a buyer over the last 12 months, purchasing a net total of kr313k worth in shares. Reported Earnings • May 06
First quarter 2022 earnings released First quarter 2022 results: Revenue: kr912.0m (up 54% from 1Q 2021). Net income: kr63.0m (up 19% from 1Q 2021). Profit margin: 6.9% (down from 8.9% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 5.9% compared to a 6.3% growth forecast for the industry in the United Kingdom. Upcoming Dividend • Apr 29
Upcoming dividend of kr0.30 per share Eligible shareholders must have bought the stock before 06 May 2022. Payment date: 12 May 2022. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 5.3%. Within top quartile of British dividend payers (4.6%). Higher than average of industry peers (3.2%). 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. 5 experienced directors. 1 highly experienced director. No independent directors (6 non-independent directors). Director Gudmundur Jonsson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: kr1.20 (vs kr0.30 in FY 2020) Full year 2021 results: EPS: kr1.20 (up from kr0.30 in FY 2020). Revenue: kr3.06b (up 42% from FY 2020). Net income: kr417.0m (up 297% from FY 2020). Profit margin: 14% (up from 4.9% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 1.4%, compared to a 3.9% growth forecast for the industry in the United Kingdom. Board Change • Feb 22
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. 5 experienced directors. 1 highly experienced director. No independent directors (6 non-independent directors). Director Gudmundur Jónsson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Recent Insider Transactions • Feb 12
Chief Financial Officer recently bought kr104k worth of stock On the 9th of February, Anders Marklund bought around 20k shares on-market at roughly kr5.22 per share. This was the largest purchase by an insider in the last 3 months. Anders has been a buyer over the last 12 months, purchasing a net total of kr312k worth in shares. Reported Earnings • Feb 04
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: kr3.07b (up 43% from FY 2020). Net income: kr417.0m (up 297% from FY 2020). Profit margin: 14% (up from 4.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Over the next year, revenue is expected to shrink by 6.2% compared to a 4.3% growth forecast for the industry in the United Kingdom. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment deteriorated over the past week After last week's 15% share price decline to kr4.77, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Forestry industry in Europe. Reported Earnings • Oct 29
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr847.0m (up 64% from 3Q 2020). Net income: kr158.0m (up 464% from 3Q 2020). Profit margin: 19% (up from 5.4% in 3Q 2020). The increase in margin was driven by higher revenue. Board Change • Sep 10
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. 5 experienced directors. 4 highly experienced directors. No independent directors (8 non-independent directors). Chairman of the Board Michael Bertorp was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Jul 30
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr829.0m (up 52% from 2Q 2020). Net income: kr118.0m (up kr105.0m from 2Q 2020). Profit margin: 14% (up from 2.4% in 2Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • May 27
Investor sentiment deteriorated over the past week After last week's 18% share price decline to kr5.56, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Forestry industry in Europe. Total returns to shareholders of 110% over the past three years. Reported Earnings • May 06
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr596.0m (up 13% from 1Q 2020). Net income: kr53.0m (up 165% from 1Q 2020). Profit margin: 8.9% (up from 3.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 29
Upcoming dividend of kr0.20 per share Eligible shareholders must have bought the stock before 06 May 2021. Payment date: 12 May 2021. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (2.6%).