Recent Insider Transactions • Jul 27
Insider recently bought kr216k worth of stock On the 20th of July, Petter Stillstrom bought around 8k shares on-market at roughly kr27.70 per share. This transaction amounted to 5.9% 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 the only on-market transaction from insiders over the last 12 months. Reported Earnings • Jul 15
Second quarter 2026 earnings released: EPS: kr0.71 (vs kr35.28 loss in 2Q 2025) Second quarter 2026 results: EPS: kr0.71 (up from kr35.28 loss in 2Q 2025). Revenue: kr1.06b (up 1.1% from 2Q 2025). Net income: kr14.0m (up kr472.0m from 2Q 2025). Profit margin: 1.3% (up from net loss in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Annonce • Apr 23
BE Group AB (publ) Elects Peter Wennerstein as Board Member BE Group AB (publ) at its AGM held on April 22, 2026, announced that Peter Wennerstein was elected as new board member. Peter Wennerstein, born in 1974, holds a M.Sc. (Economics and Business) and is employed by AB Traction (publ). Peter Wennerstein has previous experience from leading roles within Kesko Sweden and FM Mattsson Mora Group. Peter Wennerstein is to be considered independent in relation to the Company and the Company's executive management but not in relation to the Company´s principal owners. Reported Earnings • Apr 02
Full year 2025 earnings released: kr35.55 loss per share (vs kr3.24 loss in FY 2024) Full year 2025 results: kr35.55 loss per share (further deteriorated from kr3.24 loss in FY 2024). Revenue: kr3.93b (down 16% from FY 2024). Net loss: kr538.0m (loss widened kr496.0m from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Reported Earnings • Jan 28
Full year 2025 earnings released: kr35.54 loss per share (vs kr3.24 loss in FY 2024) Full year 2025 results: kr35.54 loss per share (further deteriorated from kr3.24 loss in FY 2024). Revenue: kr3.93b (down 16% from FY 2024). Net loss: kr538.0m (loss widened kr496.0m from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 24
Third quarter 2025 earnings released: kr1.95 loss per share (vs kr1.39 profit in 3Q 2024) Third quarter 2025 results: kr1.95 loss per share (down from kr1.39 profit in 3Q 2024). Revenue: kr859.0m (down 19% from 3Q 2024). Net loss: kr29.0m (down 261% from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Annonce • Oct 15
BE Group AB (publ), Annual General Meeting, Apr 22, 2026 BE Group AB (publ), Annual General Meeting, Apr 22, 2026, at 16:00 W. Europe Standard Time. Location: malmo Sweden New Risk • Sep 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major 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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 41% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risk Market cap is less than US$100m (kr508.3m market cap, or US$54.1m). Annonce • Sep 18
BE Group AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 142.815244 million. BE Group AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 142.815244 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 6,491,602
Price\Range: SEK 22
Transaction Features: Rights Offering Reported Earnings • Jul 16
Second quarter 2025 earnings released: kr35.28 loss per share (vs kr0.077 profit in 2Q 2024) Second quarter 2025 results: kr35.28 loss per share (down from kr0.077 profit in 2Q 2024). Revenue: kr1.05b (down 18% from 2Q 2024). Net loss: kr458.0m (down kr459.0m from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Annonce • Apr 23
Be Group AB (Publ) Elects Alexander Svedulf as New Board Member BE Group AB (publ) announced that Alexander Svedulf was elected as new Board member. Reported Earnings • Mar 30
Full year 2024 earnings released: kr3.24 loss per share (vs kr4.62 loss in FY 2023) Full year 2024 results: kr3.24 loss per share (improved from kr4.62 loss in FY 2023). Revenue: kr4.67b (down 12% from FY 2023). Net loss: kr42.0m (loss narrowed 30% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Annonce • Mar 21
BE Group AB (publ), Annual General Meeting, Apr 23, 2025 BE Group AB (publ), Annual General Meeting, Apr 23, 2025, at 16:00 W. Europe Standard Time. Location: at highcourt, malmohusvagen 1, malmo Sweden Annonce • Nov 26
BE Group Streamlines Moves Operations from Poland to Sweden and Finland BE Group has now decided to relocate the operations to Sweden and Finland and close the Polish operations. This will generate cost rationalization, increased capacity utilization and reduced CO2 footprint in the Group. BE Group's Polish operations were established in 2001 and today has sales and production in Trebaczew. During 2023, the company's external turnover was 1.5% of the Group's total turnover of SEK 5.3 billion. The closure will take place in the coming six months and affects approximately 80 employees. The one-off cost is estimated to amount to approximately SEK 30 M and will affect the result for the current year. The closure is deemed to have an ongoing positive effect with a payback period of less than 1 year. An updated estimation will be presented in connection with the publishing of the fourth quarter report. Reported Earnings • Oct 17
Third quarter 2024 earnings released: EPS: kr1.36 (vs kr3.24 loss in 3Q 2023) Third quarter 2024 results: EPS: kr1.36 (up from kr3.24 loss in 3Q 2023). Revenue: kr1.06b (down 11% from 3Q 2023). Net income: kr18.0m (up kr60.0m from 3Q 2023). Profit margin: 1.7% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. New Risk • Aug 30
New major risk - Revenue and earnings growth Earnings have declined by 0.005% 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 0.005% per year over the past 5 years. Minor Risk Market cap is less than US$100m (kr647.9m market cap, or US$63.2m). Recent Insider Transactions • Aug 07
Independent Director recently bought kr2.1m worth of stock On the 2nd of August, Petter Stillstrom bought around 40k shares on-market at roughly kr52.15 per share. This transaction amounted to 57% 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 kr3.2m more in shares than they have sold in the last 12 months. Reported Earnings • Jul 14
Second quarter 2024 earnings released: EPS: kr0.077 (vs kr1.46 in 2Q 2023) Second quarter 2024 results: EPS: kr0.077 (down from kr1.46 in 2Q 2023). Revenue: kr1.27b (down 9.5% from 2Q 2023). Net income: kr1.00m (down 95% from 2Q 2023). Profit margin: 0.1% (down from 1.4% in 2Q 2023). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Trade Distributors industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Price Target Changed • Jun 25
Price target decreased by 19% to kr103 Down from kr127, the current price target is provided by 1 analyst. New target price is 68% above last closing price of kr61.40. Stock is down 35% over the past year. The company is forecast to post earnings per share of kr9.20 next year compared to a net loss per share of kr4.62 last year. Annonce • Jun 19
Be Group AB Appoints Petteri Korpioja as New Managing Director for Be Group Oy AB and Will Be Member of Group Management Petteri Korpioja has been recruited as new Managing Director for BE Group Oy Ab and will be a member of Group Management. Petteri most recently comes from a role as CEO at Saalasti Oy and has long experience from leading positions in both Finland and abroad. The current Managing Director, Lasse Levola, has decided to retire and is leaving BE Group after almost 20 years within the company. Petteri will start as Managing Director in the beginning of November at the latest. Annonce • Apr 19
BE Group AB (publ) Elects Anders Rothstein as Board Member and Chairman of the Board BE Group AB (publ) at its AGM, held on April 18, 2024, approved the election of Anders Rothstein as Board member and Chairman of the Board. Annonce • Mar 26
BE Group AB (publ) Will Close Loss-Making Operations in the Baltics BE Group OU, which includes sales unit and warehouse in Maardu (Estonia) and sales units in Riga (Latvia) and Kaunas (Lith Lithuania) has, despite extensive improvement measures taken to reach profitability, continued to generate losses. Decision has therefore been taken to close operations in Baltics. Net sales in 2023 was SEK 268 million and the operating result amounted to SEK 10 million. The closure will take place during the second quarter and affects approximately 25 employees. One-off cost is estimated to amount to approximately SEK 35 million and will affect the result for the current year. The closure is estimated to generate approximately SEK 30 million in positive cash flow impact. Reported Earnings • Mar 21
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: kr4.62 loss per share (down from kr24.96 profit in FY 2022). Revenue: kr5.33b (down 23% from FY 2022). Net loss: kr60.0m (down 119% from profit in FY 2022). Revenue missed analyst estimates by 11%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Recent Insider Transactions • Mar 10
Independent Director recently bought kr249k worth of stock On the 7th of March, Lars Nilsson bought around 5k shares on-market at roughly kr49.86 per share. This transaction amounted to less than 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 kr505k. Insiders have collectively bought kr813k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 25
Independent Director recently bought kr505k worth of stock On the 21st of February, Petter Stillstrom bought around 10k shares on-market at roughly kr50.52 per share. This transaction amounted to 14% 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 kr563k more in shares than they have sold in the last 12 months. Reported Earnings • Jan 25
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: kr4.59 loss per share (down from kr24.96 profit in FY 2022). Revenue: kr5.33b (down 23% from FY 2022). Net loss: kr60.0m (down 119% from profit in FY 2022). Revenue missed analyst estimates by 11%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Trade Distributors industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Annonce • Oct 22
BE Group AB (publ), Annual General Meeting, Apr 18, 2024 BE Group AB (publ), Annual General Meeting, Apr 18, 2024. Reported Earnings • Oct 20
Third quarter 2023 earnings released: kr3.27 loss per share (vs kr2.00 profit in 3Q 2022) Third quarter 2023 results: kr3.27 loss per share (down from kr2.00 profit in 3Q 2022). Revenue: kr1.19b (down 22% from 3Q 2022). Net loss: kr42.0m (down 262% from profit in 3Q 2022). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Trade Distributors industry in Sweden. 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 38% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 16
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr1.07b (US$98.2m) 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 Paying a dividend despite being loss-making. Market cap is less than US$100m (kr1.07b market cap, or US$98.2m). Annonce • Aug 12
BE Group Announces Executive Changes In order to increase efficiency and to close the gap between BE Group's customers and management, a review of the organization is ongoing. As a result of this, an agreement has been made with the current MD for the Swedish operations, Magnus Bosson, who will leave the company during this quarter. Given the current Group structure with a focus on the Nordic customers primarily in Sweden and Finland, Peter Andersson, President and CEO of BE Group, will also assume the role as MD for the Swedish operations. Reported Earnings • Jul 14
Second quarter 2023 earnings released: EPS: kr1.47 (vs kr19.33 in 2Q 2022) Second quarter 2023 results: EPS: kr1.47 (down from kr19.33 in 2Q 2022). Revenue: kr1.41b (down 31% from 2Q 2022). Net income: kr19.0m (down 92% from 2Q 2022). Profit margin: 1.4% (down from 12% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Trade Distributors industry in Sweden. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 39% per year. Buying Opportunity • Apr 20
Now 47% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be kr218, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 86%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings is forecast to decline by 21% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to kr116, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 21x in the Trade Distributors industry in Sweden. Total returns to shareholders of 320% over the past three years. Upcoming Dividend • Apr 14
Upcoming dividend of kr6.00 per share at 8.2% yield Eligible shareholders must have bought the stock before 21 April 2023. Payment date: 27 April 2023. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 8.2%. Within top quartile of Swedish dividend payers (4.9%). Higher than average of industry peers (1.0%). Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr131, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 21x in the Trade Distributors industry in Sweden. Total returns to shareholders of 364% over the past three years. Reported Earnings • Mar 31
Full year 2022 earnings: Revenues miss analyst expectations Full year 2022 results: Revenue: kr6.88b (up 28% from FY 2021). Net income: kr324.0m (down 35% from FY 2021). Profit margin: 4.7% (down from 9.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.4%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Trade Distributors industry in Sweden. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Feb 02
Consensus EPS estimates fall by 28% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from kr13.60 to kr9.79 per share. Revenue forecast steady at kr6.77b. Net income forecast to shrink 61% next year vs 12% growth forecast for Trade Distributors industry in Sweden . Consensus price target down from kr125 to kr119. Share price fell 4.1% to kr103 over the past week. Reported Earnings • Jan 27
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: kr24.96 (down from kr38.13 in FY 2021). Revenue: kr6.88b (up 28% from FY 2021). Net income: kr324.0m (down 35% from FY 2021). Profit margin: 4.7% (down from 9.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Trade Distributors industry in Sweden. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improved over the past week After last week's 19% share price gain to kr92.60, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 13x in the Trade Distributors industry in Sweden. Total returns to shareholders of 170% over the past three years. Price Target Changed • Nov 16
Price target decreased to kr125 Down from kr140, the current price target is provided by 1 analyst. New target price is 76% above last closing price of kr70.90. Stock is down 43% over the past year. The company is forecast to post earnings per share of kr31.00 for next year compared to kr38.13 last year. Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: kr2.05 (vs kr13.49 in 3Q 2021) Third quarter 2022 results: EPS: kr2.05 (down from kr13.49 in 3Q 2021). Revenue: kr1.51b (up 10% from 3Q 2021). Net income: kr26.0m (down 85% from 3Q 2021). Profit margin: 1.7% (down from 13% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.6% growth forecast for the Trade Distributors industry in Sweden. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Annonce • Oct 20
BE Group AB (publ) to Report Fiscal Year 2022 Results on Jan 26, 2023 BE Group AB (publ) announced that they will report fiscal year 2022 results at 2:00 PM, Central European Standard Time on Jan 26, 2023 Major Estimate Revision • Oct 12
Consensus EPS estimates fall by 30% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from kr7.13b to kr7.05b. EPS estimate also fell from kr49.66 per share to kr34.90 per share. Net income forecast to shrink 47% next year vs 18% growth forecast for Trade Distributors industry in Sweden . Consensus price target down from kr178 to kr140. Share price fell 18% to kr69.40 over the past week. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 20% share price gain to kr119, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 14x in the Trade Distributors industry in Sweden. Total returns to shareholders of 190% over the past three years. Recent Insider Transactions • Jul 20
President & CEO recently bought kr52k worth of stock On the 13th of July, Peter Andersson bought around 500 shares on-market at roughly kr104 per share. This was the largest purchase by an insider in the last 3 months. Peter has been a buyer over the last 12 months, purchasing a net total of kr98k worth in shares. Reported Earnings • Jul 14
Second quarter 2022 earnings released: EPS: kr19.30 (vs kr9.74 in 2Q 2021) Second quarter 2022 results: EPS: kr19.30 (up from kr9.74 in 2Q 2021). Revenue: kr2.04b (up 46% from 2Q 2021). Net income: kr251.0m (up 98% from 2Q 2021). Profit margin: 12% (up from 9.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 2.1%, compared to a 16% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr93.50, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 13x in the Trade Distributors industry in Sweden. Total returns to shareholders of 124% over the past three years. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorated over the past week After last week's 15% share price decline to kr125, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 15x in the Trade Distributors industry in Sweden. Total returns to shareholders of 197% over the past three years. Price Target Changed • Jun 07
Price target increased to kr205 Up from kr123, the current price target is provided by 1 analyst. New target price is 39% above last closing price of kr147. Stock is up 134% over the past year. The company is forecast to post earnings per share of kr37.99 for next year compared to kr38.13 last year. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment improved over the past week After last week's 17% share price gain to kr142, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 15x in the Trade Distributors industry in Sweden. Total returns to shareholders of 256% over the past three years. Buying Opportunity • Feb 21
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be kr153, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 87% per annum over the last 3 years. Recent Insider Transactions • Feb 03
Independent Chairman recently bought kr477k worth of stock On the 28th of January, Jorgen Zahlin bought around 4k shares on-market at roughly kr119 per share. This was the largest purchase by an insider in the last 3 months. This was Jorgen's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improved over the past week After last week's 27% share price gain to kr147, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 17x in the Trade Distributors industry in Sweden. Total returns to shareholders of 258% over the past three years. Reported Earnings • Jan 28
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: kr38.10 (up from kr0.31 in FY 2020). Revenue: kr5.39b (up 47% from FY 2020). Net income: kr495.0m (up kr491.0m from FY 2020). Profit margin: 9.2% (up from 0.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) exceeded analyst estimates by 2.5%. Over the next year, revenue is expected to shrink by 8.5% compared to a 13% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 16% share price gain to kr126, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 19x in the Trade Distributors industry in Sweden. Total returns to shareholders of 217% over the past three years. Reported Earnings • Oct 22
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: kr1.38b (up 85% from 3Q 2020). Net income: kr175.0m (up kr179.0m from 3Q 2020). Profit margin: 13% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improved over the past week After last week's 24% share price gain to kr110, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 21x in the Trade Distributors industry in Sweden. Total returns to shareholders of 130% over the past three years. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improved over the past week After last week's 19% share price gain to kr75.80, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 21x in the Trade Distributors industry in Sweden. Total returns to shareholders of 52% over the past three years. Reported Earnings • Jul 15
Second quarter 2021 earnings released: EPS kr9.74 (vs kr1.34 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr1.40b (up 50% from 2Q 2020). Net income: kr127.0m (up kr109.0m from 2Q 2020). Profit margin: 9.1% (up from 1.9% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 14% per year.