New Risk • Jun 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr944.5m (US$98.6m) This is considered a minor 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 Shares are highly illiquid. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (kr944.5m market cap, or US$98.6m). Annonce • May 22
Prevas AB Resolves Dividend for the Year Ended December 2025, Payable on May 26, 2026 In accordance with the proposal of the Prevas AB Board of Directors, the Annual General Meeting held on, May 19, 2026 resolved on a dividend of SEK 4 per share for the 2025 financial year. The record date for the dividend was set to May 21, 2026, and the dividend is expected to be distributed through Euroclear Sweden AB on May 26, 2026. Upcoming Dividend • May 13
Upcoming dividend of kr4.00 per share Eligible shareholders must have bought the stock before 20 May 2026. Payment date: 26 May 2026. Payout ratio is on the higher end at 75%, however this is supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of British dividend payers (5.8%). Higher than average of industry peers (2.7%). New Risk • May 11
New major risk - Revenue and earnings growth Earnings have declined by 2.7% 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 Shares are highly illiquid. Earnings have declined by 2.7% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • May 06
First quarter 2026 earnings released: EPS: kr1.57 (vs kr1.75 in 1Q 2025) First quarter 2026 results: EPS: kr1.57 (down from kr1.75 in 1Q 2025). Revenue: kr426.0m (down 1.1% from 1Q 2025). Net income: kr20.2m (down 10% from 1Q 2025). Profit margin: 4.8% (down from 5.2% in 1Q 2025). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. New Risk • Apr 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 32% 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. This is currently the only risk that has been identified for the company. Annonce • Apr 21
Prevas AB to Report Q1, 2026 Results on May 05, 2026 Prevas AB announced that they will report Q1, 2026 results at 8:30 AM, Central European Standard Time on May 05, 2026 Declared Dividend • Apr 08
Dividend reduced to kr4.00 Dividend of kr4.00 is 16% lower than last year. Ex-date: 20th May 2026 Payment date: 26th May 2026 Dividend yield will be 4.5%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is covered by both earnings (73% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 15% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 68% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Declared Dividend • Feb 12
Dividend reduced to kr4.00 Dividend of kr4.00 is 16% lower than last year. Ex-date: 20th May 2026 Payment date: 26th May 2026 Dividend yield will be 4.5%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is covered by both earnings (73% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 15% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 68% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 11
Full year 2025 earnings released: EPS: kr5.49 (vs kr7.13 in FY 2024) Full year 2025 results: EPS: kr5.49 (down from kr7.13 in FY 2024). Revenue: kr1.63b (up 2.5% from FY 2024). Net income: kr70.8m (down 23% from FY 2024). Profit margin: 4.3% (down from 5.8% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Annonce • Feb 11
Prevas AB Proposes Dividend for the Year Ended December 2025 Th Board of Prevas AB proposed a dividend of SEK 4.00 per share (SEK 4.75) per share for the year ended December 2025. Annonce • Jan 28
Prevas Strengthens Customer Support with AI Assistance Prevas AB announced taking the next step by integrating AI into its operations and support services - a move that improves both delivery quality and the work environment for support staff. Prevas currently manages the operations and support of production-critical IT systems for several major industrial clients globally. To meet high demands for availability and quick response times, an AI-powered solution is being implemented. It enables rapid access to and reuse of information from previous cases, documentation, and system logs. The AI solution supports Prevas' support teams in their daily work. A large portion of information handling and documentation can be automated, reducing the need for manual searches and repetitive tasks. The AI support is not a standalone project, but a fully integrated part of Prevas' comprehensive offering in operations and system management. It is primarily used to quickly retrieve past solutions, compile information, and prioritize tasks. As the technology is integrated with more systems, its capabilities are expected to become even more powerful and adaptive. The next step is to automate more parts of the support workflow - from case intake and prioritization to AI-driven monitoring that detects anomalies before operations are affected. Annonce • Nov 04
Prevas AB, Annual General Meeting, Jan 31, 2026 Prevas AB, Annual General Meeting, Jan 31, 2026. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to kr77.80, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 17x in the IT industry in the United Kingdom. Total loss to shareholders of 24% over the past three years. Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: kr1.34 (vs kr0.75 in 3Q 2024) Third quarter 2025 results: EPS: kr1.34 (up from kr0.75 in 3Q 2024). Revenue: kr355.4m (flat on 3Q 2024). Net income: kr17.2m (up 79% from 3Q 2024). Profit margin: 4.9% (up from 2.7% in 3Q 2024). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 15% per year. Recent Insider Transactions • Aug 20
Chief Financial Officer recently bought kr70k worth of stock On the 15th of August, Helena Burstrom bought around 1k shares on-market at roughly kr69.90 per share. This transaction amounted to 15% 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 Helena's only on-market trade for the last 12 months. New Risk • Jul 31
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr978.0m (US$100.0m) This is considered a minor 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 Shares are highly illiquid. Minor Risks High level of debt (41% net debt to equity). Dividend is not well covered by earnings (94% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.0% net profit margin). Market cap is less than US$100m (kr978.0m market cap, or US$100.0m). Reported Earnings • Jul 18
Second quarter 2025 earnings released: EPS: kr0.73 (vs kr2.02 in 2Q 2024) Second quarter 2025 results: EPS: kr0.73 (down from kr2.02 in 2Q 2024). Revenue: kr408.9m (up 3.4% from 2Q 2024). Net income: kr9.38m (down 64% from 2Q 2024). Profit margin: 2.3% (down from 6.5% in 2Q 2024). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 11% per year. Annonce • Jul 03
Prevas AB (OM:PREV B) completed the acquisition of 80% stake in Oim Sweden Ab. Prevas AB (OM:PREV B) signed an agreement to acquire 80% stake in Oim Sweden Ab on April 28, 2025.
The acquisition is subject to regulatory approval, which may take one to two months. The transaction is expected to be completed at the beginning of the third quarter of 2025.
Prevas AB (OM:PREV B) completed the acquisition of 80% stake in Oim Sweden Ab on April 28, 2025. Prevas has received the necessary regulatory approvals for the acquisition. The acquisition of OIM Sweden AB is expected to have a marginally positive impact on Prevas’ earnings per share in the current fiscal year. Annonce • May 15
Prevas AB Announces Dividend for the Financial Year 2024, Payable on May 21, 2025 Prevas AB Board of Directors' proposal, on a dividend of SEK 4.75 per share for the financial year 2024. The record date for the dividend was set to May 16, 2025, and the dividend is expected to be distributed by Euroclear Sweden AB on May 21, 2025. Declared Dividend • May 07
Dividend of kr4.75 announced Dividend of kr4.75 is the same as last year. Ex-date: 15th May 2025 Payment date: 21st May 2025 Dividend yield will be 4.9%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is covered by both earnings (75% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 24% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 84% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • May 05
Prevas AB to Report Q1, 2025 Results on May 06, 2025 Prevas AB announced that they will report Q1, 2025 results at 8:30 AM, Central European Standard Time on May 06, 2025 Annonce • Apr 29
Prevas AB (OM:PREV B) signed an agreement to acquire 80% stake in Oim Sweden Ab. Prevas AB (OM:PREV B) signed an agreement to acquire 80% stake in Oim Sweden Ab on April 28, 2025.
The acquisition is subject to regulatory approval, which may take one to two months. The transaction is expected to be completed at the beginning of the third quarter of 2025. New Risk • Apr 18
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 Shares are highly illiquid. Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (kr5.0m sold). Reported Earnings • Apr 18
Full year 2024 earnings released: EPS: kr7.13 (vs kr9.28 in FY 2023) Full year 2024 results: EPS: kr7.13 (down from kr9.28 in FY 2023). Revenue: kr1.59b (up 7.0% from FY 2023). Net income: kr91.4m (down 23% from FY 2023). Profit margin: 5.8% (down from 8.0% in FY 2023). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 8% per year. Annonce • Apr 11
Prevas AB Proposes Dividend, Payable on May 21, 2025 Prevas AB at its Annual General Meeting to be held on May 14, 2025, Board of Directors proposed that a dividend of SEK 4.75 per share, totaling SEK 61,204,842.50, will be paid and that the remaining available earnings of approximately SEK 167,943,121, be carried forward. The record date for the payment is proposed to be May 16, 2025, and if the Annual General Meeting decides in accordance with the proposal, the dividend is expected to be paid through Euroclear Sweden AB on May 21, 2025. Recent Insider Transactions • Mar 22
Independent Director recently sold kr5.0m worth of stock On the 18th of March, Johan Strid sold around 48k shares on-market at roughly kr105 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr4.6m more than they bought in the last 12 months. Declared Dividend • Feb 24
Dividend of kr4.75 announced Dividend of kr4.75 is the same as last year. Ex-date: 15th May 2025 Payment date: 21st May 2025 Dividend yield will be 4.6%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 24% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 63% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Feb 18
Biosensor Launches Enhanced Detection System for Border Controls Biosens®?900 Biosensor launched an enhanced detection system for drugs and explosive substances from the Biosensor Applications - will be introduced during the spring. The instrument has been developed, tested and certified in close cooperation with Prevas. The BIOSENS®?900 is a portable instrument that is used to detect traces of drugs and explosives. The analysis is used to confirm suspected and make it easier to continue searching for prohibited substances. The system is used by customers all over the world, above all for checking goods, containers and luggage at border controls and customs filters. The Biosens series has been on the market for more than 20 years, with the BIOSENS®?900 representing the third generation of the instrument. Prevas has long supported Biosensor Applications with the management and further development of the system's software platform, and they were also commissioned to assist with the development and launch of the new instrument model. The BIOSENS®? 900 has been updated in several areas. The system is now battery-powered and the handling of consumables has been simplified. Its size and weight have been reduced by more than 30%, and the instrument has gained an entirely new platform for electronics and mechanics. The software platform has also been adapted to support new features and future-proof production. Reported Earnings • Feb 12
Full year 2024 earnings released: EPS: kr7.13 (vs kr9.28 in FY 2023) Full year 2024 results: EPS: kr7.13 (down from kr9.28 in FY 2023). Revenue: kr1.59b (up 7.0% from FY 2023). Net income: kr91.4m (down 23% from FY 2023). Profit margin: 5.8% (down from 8.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 2% per year. Annonce • Feb 11
Prevas AB Proposes Dividend for the Year Ended December 2024 The board of Prevas AB proposed a dividend of SEK 4.75 per share (SEK 4.75) for the year ended December 2024. Annonce • Feb 06
Prevas AB to Report Fiscal Year 2024 Results on Feb 11, 2025 Prevas AB announced that they will report fiscal year 2024 results at 8:30 AM, Central European Standard Time on Feb 11, 2025 Recent Insider Transactions • Nov 24
CEO & President recently bought kr110k worth of stock On the 21st of November, Magnus Welen bought around 1k shares on-market at roughly kr105 per share. This transaction amounted to 9.9% 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 kr201k. Magnus has been a buyer over the last 12 months, purchasing a net total of kr217k worth in shares. Annonce • Nov 05
Prevas AB, Annual General Meeting, May 14, 2025 Prevas AB, Annual General Meeting, May 14, 2025. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to kr107, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 26x in the IT industry in the United Kingdom. Total returns to shareholders of 17% over the past three years. Recent Insider Transactions • Nov 03
Independent Chairman of the Board recently bought kr201k worth of stock On the 31st of October, Christer Parkegren bought around 2k shares on-market at roughly kr113 per share. This transaction amounted to 23% 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 Christer's only on-market trade for the last 12 months. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: kr0.75 (vs kr1.74 in 3Q 2023) Third quarter 2024 results: EPS: kr0.75 (down from kr1.74 in 3Q 2023). Revenue: kr352.4m (up 13% from 3Q 2023). Net income: kr9.63m (down 56% from 3Q 2023). Profit margin: 2.7% (down from 7.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Oct 15
Prevas AB to Report Nine Months, 2024 Results on Oct 25, 2024 Prevas AB announced that they will report nine months, 2024 results on Oct 25, 2024 Reported Earnings • Jul 21
Second quarter 2024 earnings released: EPS: kr2.02 (vs kr1.92 in 2Q 2023) Second quarter 2024 results: EPS: kr2.02 (up from kr1.92 in 2Q 2023). Revenue: kr395.6m (up 4.8% from 2Q 2023). Net income: kr25.8m (up 5.7% from 2Q 2023). Profit margin: 6.5% (in line with 2Q 2023). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jul 11
Prevas AB to Report First Half, 2024 Results on Jul 19, 2024 Prevas AB announced that they will report first half, 2024 results on Jul 19, 2024 Annonce • Jul 02
Prevas AB (OM:PREV B) completed the acquisition of 92% stake in NMAC Group Oy from Korona Invest Oy. Prevas AB (OM:PREV B) signed an agreement to acquire 92% stake in NMAC Group Oy from Korona Invest Oy for €21 million on April 23, 2024. The purchase price will be paid in cash and in addition a contingent consideration of €2 million will be paid depending upon the profitability in the financial year 2024. The acquisition will be financed through existing cash and a new credit facility amounting to €17.268 million. The acquisition is subject to regulatory approval. The integration of Enmac will commence once the approval has been received. The group has approximately 200 employees and has a turnover of €23 million in 2023, with an EBITDA margin of 14 percent. Enmac's successful management team will retains unknown ownership in NMAC Group Oy and will continue to develop the company under the leadership of Chief Executive Officer Juha Ritala, who in turn will report to Magnus Welén, Chief Executive Officer of Prevas. The acquisition is expected to be completed during the third quarter of 2024. As of June 19, 2024, Prevas has secured regulatory approval. TCG Corporate Finance GmbH acted as financial advisor to Prevas AB (OM:PREV B). Advokatfirman Lindahl acted as legal advisor to Prevas AB (OM:PREV B). Deloitte AB acted as financial and tax due diligence provider to Prevas AB (OM:PREV B). Borenius Attorneys Ltd acted as legal advisor to Korona Invest. Fredrik Ullberg and Juha Ritala of Anecta AB acted as financial advisor to Korona Invest Oy. Jari Lauriala, Ruben Moring and Fredrik Ullberg of Translink Corporate Finance in Finland and Sweden acted as financial advisor to Korona Invest Oy.Prevas AB (OM:PREV B) completed the acquisition of 92% stake in NMAC Group Oy from Korona Invest Oy on July 1, 2024. Board Change • Jun 01
High number of new directors Director Magnus Lundin was the last director to join the board, commencing their role in 2024. Annonce • May 16
Prevas AB Elects Magnus Lundin as Board Member Prevas AB at its AGM held on May 15, 2024 elected Magnus Lundin as board member. Upcoming Dividend • May 10
Upcoming dividend of kr4.75 per share Eligible shareholders must have bought the stock before 16 May 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (2.6%). Recent Insider Transactions • May 09
CEO & President recently bought kr107k worth of stock On the 7th of May, Magnus Welen bought around 850 shares on-market at roughly kr126 per share. This transaction amounted to 8.7% 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 Magnus' only on-market trade for the last 12 months. Reported Earnings • May 07
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr407.1m (up 3.2% from 1Q 2023). Net income: kr32.6m (down 20% from 1Q 2023). Profit margin: 8.0% (down from 10% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 19% per year. Annonce • May 01
Prevas AB to Report Q1, 2024 Results on May 07, 2024 Prevas AB announced that they will report Q1, 2024 results at 8:30 AM, Central European Standard Time on May 07, 2024 Annonce • Apr 11
Prevas AB Announces Declined Re-Election of Ulrika Grönberg as the Board Member Prevas AB announced that Ulrika Grönberg has declined re-election as the Board member. Declared Dividend • Feb 26
Dividend increased to kr4.75 Dividend of kr4.75 is 5.6% higher than last year. Ex-date: 16th May 2024 Payment date: 22nd May 2024 Dividend yield will be 4.1%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 32% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 15
Full year 2023 earnings released: EPS: kr9.28 (vs kr9.32 in FY 2022) Full year 2023 results: EPS: kr9.28 (down from kr9.32 in FY 2022). Revenue: kr1.48b (up 12% from FY 2022). Net income: kr118.2m (flat on FY 2022). Profit margin: 8.0% (down from 9.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the IT industry in the United Kingdom. Annonce • Nov 11
Prevas AB Announces Nomination Committee for its 2024 Annual General Meeting Prevas AB announced that in accordance with the nomination committee's instructions, the nomination committee shall consist of the three largest owner-registered shareholders in terms of votes as of the end of September 2023. All have accepted membership in the nomination committee, which thus consists of: Magnus Lundin (chairman of the nomination committee) as the representative for private and related parties' ownership; Per Vannesjö as representative for Amymone, Per Vannesjö Invest, and private and related parties' ownership; Stelio Demark as representative for DeVenture. Reported Earnings • Oct 28
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr311.4m (up 9.7% from 3Q 2022). Net income: kr22.1m (down 10% from 3Q 2022). Profit margin: 7.1% (down from 8.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. New Risk • Oct 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr1.10b (US$99.8m) This is considered a minor 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (kr1.10b market cap, or US$99.8m). Annonce • Sep 27
Prevas AB (OM:PREV B) signed an agreement to acquire 51% stake in DVel AB. Prevas AB (OM:PREV B) signed an agreement to acquire 51% stake in DVel AB on September 26, 2023.The acquisition will be finalized on October 2, 2023 and is expected to have a positive impact on Prevas' earnings per share during the current financial year. Annonce • Aug 02
Prevas AB (OM:PREV B) completed the acquisition of Unibap's industrial business in robotics and AI. Prevas AB (OM:PREV B) signed a letter of intent to acquire Unibap's industrial business in robotics and AI on June 12, 2023. Prevas AB (OM:PREV B) completed the acquisition of Unibap's industrial business in robotics and AI on August 1, 2023. The companies have agreed on a transfer of business regarding the employees and ongoing assignments of Unibap's industrial operations. The business will move over to join Prevas on August 1, 2023. The transition will take place on August 1, 2023 and is expected to have a marginally positive impact on Prevas’ earnings per share during the current financial year. Reported Earnings • Jul 19
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr377.7m (up 13% from 2Q 2022). Net income: kr24.4m (down 11% from 2Q 2022). Profit margin: 6.5% (down from 8.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the IT industry in the United Kingdom. Annonce • Jun 09
Prevas AB (OM:PREV B) agreed to acquire SDS MedteQ AB. Prevas AB (OM:PREV B) agreed to acquire SDS MedteQ AB on June 8, 2023. The leadership in SDS MedteQ follows over to Prevas, both Johan Sköld, consultant manager, and Anna-Karin Alm, who has been Chief Executive Officer at SDS MedteQ until now. The transition will take place in June and is expected to have a marginally positive impact on Prevas earnings per share during the current financial year. Recent Insider Transactions • Jun 03
Independent Chairman of the Board recently bought kr100k worth of stock On the 30th of May, Christer Parkegren bought around 781 shares on-market at roughly kr128 per share. This transaction amounted to 10% 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 Christer's only on-market trade for the last 12 months. Upcoming Dividend • May 05
Upcoming dividend of kr4.50 per share at 3.3% yield Eligible shareholders must have bought the stock before 12 May 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of British dividend payers (5.8%). Higher than average of industry peers (2.3%). Reported Earnings • Apr 28
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr394.3m (up 25% from 1Q 2022). Net income: kr40.8m (up 30% from 1Q 2022). Profit margin: 10% (in line with 1Q 2022). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the IT industry in the United Kingdom. Reported Earnings • Feb 10
Full year 2022 earnings released: EPS: kr9.32 (vs kr8.08 in FY 2021) Full year 2022 results: EPS: kr9.32 (up from kr8.08 in FY 2021). Revenue: kr1.32b (up 12% from FY 2021). Net income: kr118.6m (up 15% from FY 2021). Profit margin: 9.0% (up from 8.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 2 years, compared to a 16% growth forecast for the IT industry in the United Kingdom. Annonce • Jan 21
Prevas AB to Report Fiscal Year 2022 Results on Feb 09, 2023 Prevas AB announced that they will report fiscal year 2022 results at 8:30 AM, Central European Standard Time on Feb 09, 2023 Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Employee Representative Director Gustav Dafgard was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr283.9m (up 12% from 3Q 2021). Net income: kr24.7m (flat on 3Q 2021). Profit margin: 8.7% (down from 9.7% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 17% growth forecast for the IT industry in the United Kingdom. Board Change • Oct 25
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Employee Representative Director Gustav Dafgard was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 21
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr335.3m (up 7.1% from 2Q 2021). Net income: kr27.6m (up 61% from 2Q 2021). Profit margin: 8.2% (up from 5.5% in 2Q 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr104, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 35x in the IT industry in the United Kingdom. Total returns to shareholders of 31% over the past year. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improved over the past week After last week's 18% share price gain to kr124, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 42x in the IT industry in the United Kingdom. Total returns to shareholders of 54% over the past year. Upcoming Dividend • May 12
Upcoming dividend of kr3.50 per share Eligible shareholders must have bought the stock before 19 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of British dividend payers (4.8%). Higher than average of industry peers (2.6%). Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorated over the past week After last week's 19% share price decline to kr102, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 34x in the IT industry in the United Kingdom. Total returns to shareholders of 27% over the past year. Reported Earnings • May 01
First quarter 2022 earnings released First quarter 2022 results: Revenue: kr315.6m (up 4.9% from 1Q 2021). Net income: kr31.5m (up 41% from 1Q 2021). Profit margin: 10.0% (up from 7.4% in 1Q 2021). The increase in margin was driven by higher revenue. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Employee Representative Director Gustav Dafgard was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improved over the past week After last week's 18% share price gain to kr110, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 33x in the IT industry in the United Kingdom. Total returns to shareholders of 74% over the past year. Reported Earnings • Feb 12
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: kr7.97 (up from kr4.55 in FY 2020). Revenue: kr1.20b (up 55% from FY 2020). Net income: kr101.5m (up 121% from FY 2020). Profit margin: 8.5% (up from 6.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improved over the past week After last week's 22% share price gain to kr112, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 36x in the IT industry in the United Kingdom. Board Change • Feb 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Employee Representative Director Gustav Dafgard was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 03
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: kr262.5m (up 65% from 3Q 2020). Net income: kr24.5m (up 468% from 3Q 2020). Profit margin: 9.3% (up from 2.7% in 3Q 2020). The increase in margin was driven by higher revenue. Board Change • Sep 09
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 8 non-independent directors. Director Christer Wallberg was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Upcoming Dividend • May 06
Upcoming dividend of kr2.00 per share Eligible shareholders must have bought the stock before 12 May 2021. Payment date: 19 May 2021. Trailing yield: 2.6%. Lower than top quartile of British dividend payers (4.1%). Higher than average of industry peers (1.8%). Upcoming Dividend • May 05
Upcoming dividend of kr2.00 per share Eligible shareholders must have bought the stock before 12 May 2021. Payment date: 19 May 2021. Trailing yield: 2.8%. Lower than top quartile of British dividend payers (4.0%). Higher than average of industry peers (1.8%). Reported Earnings • Apr 20
Full year 2020 earnings released: EPS kr4.55 (vs kr3.16 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: kr771.7m (down 3.1% from FY 2019). Net income: kr45.9m (up 44% from FY 2019). Profit margin: 6.0% (up from 4.0% in FY 2019). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Annonce • Dec 06
Sentispec Jointly Develops the World's First Fully Automatic Fever Screener with Prevas, Called the ViraHawk Sentispec has jointly developed the world's first fully automatic fever screener with Prevas, called the ViraHawk. It can measure the temperature of passers-by and identify potential infection spreaders. It was the start of a collaboration with Prevas that developed a prototype that Sentispec would then quickly be able to start producing. The first prototype was ready in June 2020 and ViraHawk was put into production, ready for sale as early as September. ViraHawk works in the same way as video surveillance. It's built into a box containing a heat scanner and a camera with face recognition software. When a group of people go past, it rapidly reads their individual temperatures from a distance of three meters using a thermal sensor and takes a photo of anyone whose temperature is too high. The image is immediately sent to an employee who can identify the person and check whether they have other symptoms, enabling a process that can identify a potential infection risk. This protects employees, citizens and companies from the risks associated with high-risk diseases such as covid-19. It only takes five minutes to set up a ViraHawk and it is also GDPR-compliant as it only saves images for a short period of time. Sentispec and Prevas are of course delighted and proud of being able to develop and produce such an essential product so quickly. Valuation Update With 7 Day Price Move • Nov 24
Market pulls back on stock over the past week After last week's 71% share price decline to kr18.30, the stock is trading at a trailing P/E ratio of 12.4x, down from the previous P/E ratio of 42.6x. This compares to an average P/E of 31x in the IT industry in the United Kingdom.