Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to kr77.00, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the IT industry in Sweden. Total returns to shareholders of 19% over the past three years. Annonce • Apr 20
Enea AB (publ) to Report Fiscal Year 2026 Results on Feb 04, 2027 Enea AB (publ) announced that they will report fiscal year 2026 results on Feb 04, 2027 Reported Earnings • Apr 20
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: kr2.53 (down from kr6.96 in FY 2024). Revenue: kr889.0m (down 1.7% from FY 2024). Net income: kr49.4m (down 66% from FY 2024). Profit margin: 5.6% (down from 16% in FY 2024). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annonce • Mar 19
Enea AB (publ), Annual General Meeting, May 07, 2026 Enea AB (publ), Annual General Meeting, May 07, 2026. Major Estimate Revision • Feb 06
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from kr952.7m to kr912.7m. EPS estimate also fell from kr5.10 per share to kr4.30 per share. Net income forecast to grow 68% next year vs 17% growth forecast for IT industry in Sweden. Consensus price target of kr80.00 unchanged from last update. Share price fell 6.0% to kr62.90 over the past week. New Risk • Feb 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.5% Last year net profit margin: 16% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 01
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: kr2.53 (down from kr6.96 in FY 2024). Revenue: kr900.0m (flat on FY 2024). Net income: kr49.4m (down 66% from FY 2024). Profit margin: 5.5% (down from 16% in FY 2024). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Annonce • Jan 08
Enea AB (publ) to Report Fiscal Year 2025 Final Results on Apr 15, 2026 Enea AB (publ) announced that they will report fiscal year 2025 final results at 9:00 AM, Central European Standard Time on Apr 15, 2026 Reported Earnings • Oct 24
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: kr1.77 (up from kr0.18 in 3Q 2024). Revenue: kr214.4m (flat on 3Q 2024). Net income: kr34.3m (up kr30.6m from 3Q 2024). Profit margin: 16% (up from 1.7% in 3Q 2024). Revenue missed analyst estimates by 12%. Earnings per share (EPS) exceeded analyst estimates by 18%. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Major Estimate Revision • Oct 03
Consensus EPS estimates increase by 185% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from kr2.00 to kr5.70. Revenue forecast steady at kr941.5m. Net income forecast to grow 59% next year vs 18% growth forecast for IT industry in Sweden. Consensus price target of kr90.00 unchanged from last update. Share price rose 3.4% to kr76.40 over the past week. Annonce • Jul 29
Enea AB (publ) (OM:ENEA) commences an Equity Buyback Plan for 452,264 shares, representing 2.3% of its issued share capital, under the authorization approved on May 6, 2025. Enea AB (publ) (OM:ENEA) commences share repurchases on May 6, 2025, under the program mandated by the shareholders in the Annual General Meeting held on July 21, 2025. As per the mandate, the company is authorized to repurchase up to 452,264 ordinary shares, representing 2.30% of its issued share capital, such that the company’s holding in treasury together with the shares repurchased does not exceed 10% of its issued share capital at any point of time. The purpose of the authorizations above to acquire and transfer ordinary shares, including any deviation from the shareholders’ preferential rights in connection with transfer, is to continuously be able to adjust the capital structure of the Company to the capital needs of the Company, to enable financing, in whole or in part, in connection with acquisitions of businesses and for financing and/or securing delivery of ordinary shares in long-term incentive programs. The share repurchase program will expire at the company’s next Annual General Meeting 2026. As of April 2, 2025, the company had 21,202.484 shares in issue and 1,516,349 shares in treasury.
On July 15, 2025, the company announced a share repurchase program. Under the program, the company will repurchase SEK 50 million worth of its shares. The purpose of the repurchase program is to enable the company to adapt its capital structure to its capital needs over time, and thereby contribute to an increased shareholder value. Repurchase may take place during the period from and July 21, 2025, to Annual General Meeting in 2025. Reported Earnings • Jul 17
Second quarter 2025 earnings released: kr0.43 loss per share (vs kr1.64 profit in 2Q 2024) Second quarter 2025 results: kr0.43 loss per share (down from kr1.64 profit in 2Q 2024). Revenue: kr227.8m (down 3.6% from 2Q 2024). Net loss: kr8.60m (down 125% from profit in 2Q 2024). Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. New Risk • Jul 16
New major risk - Revenue and earnings growth Earnings have declined by 35% 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 35% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Annonce • Apr 24
Enea AB (publ) to Report Q2, 2025 Results on Jul 16, 2025 Enea AB (publ) announced that they will report Q2, 2025 results on Jul 16, 2025 Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to kr64.30, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the IT industry in Sweden. Total loss to shareholders of 47% over the past three years. Reported Earnings • Apr 16
Full year 2024 earnings released: EPS: kr6.95 (vs kr25.80 loss in FY 2023) Full year 2024 results: EPS: kr6.95 (up from kr25.80 loss in FY 2023). Revenue: kr904.3m (flat on FY 2023). Net income: kr143.1m (up kr693.8m from FY 2023). Profit margin: 16% (up from net loss in FY 2023). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Board Change • Apr 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Åsa Schwarz was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Apr 04
Enea AB (publ) to Report Q1, 2025 Results on Apr 24, 2025 Enea AB (publ) announced that they will report Q1, 2025 results at 7:20 AM, Central European Standard Time on Apr 24, 2025 Annonce • Apr 03
Enea AB (publ), Annual General Meeting, May 06, 2025 Enea AB (publ), Annual General Meeting, May 06, 2025, at 16:30 W. Europe Standard Time. Location: at victoria towers, arne beurlings torg 3 in kista, stockholm Sweden New Risk • Feb 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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. This is currently the only risk that has been identified for the company. Price Target Changed • Feb 05
Price target decreased by 7.8% to kr118 Down from kr128, the current price target is an average from 2 analysts. New target price is 23% above last closing price of kr95.70. Stock is up 62% over the past year. The company is forecast to post earnings per share of kr5.46 for next year compared to kr6.95 last year. Reported Earnings • Jan 31
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: kr6.95 (up from kr25.80 loss in FY 2023). Revenue: kr920.2m (flat on FY 2023). Net income: kr143.1m (up kr693.8m from FY 2023). Profit margin: 16% (up from net loss in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 53%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, while revenues in the IT industry in Sweden are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. New Risk • Jan 30
New major risk - Revenue and earnings growth Earnings have declined by 51% 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 51% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Annonce • Nov 07
Enea AB (publ) Announces Resignation of Mats Lindoff as Board Member Enea AB (publ) announced that the board member Mats Lindoff is resigning from the Board of Directors at his own request effective immediately. He is resigning for personal reasons. According to Enea’s articles of association, the Board of Directors should have at least five and not more than seven members. After Mats Lindoff has left the Board of Directors, it will have six members pursuant to the articles of association. Price Target Changed • Oct 29
Price target increased by 14% to kr120 Up from kr105, the current price target is provided by 1 analyst. New target price is 16% above last closing price of kr103. Stock is up 117% over the past year. The company posted a net loss per share of kr25.80 last year. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: kr0.18 (vs kr0.95 in 3Q 2023) Third quarter 2024 results: EPS: kr0.18 (down from kr0.95 in 3Q 2023). Revenue: kr217.1m (flat on 3Q 2023). Net income: kr3.70m (down 82% from 3Q 2023). Profit margin: 1.7% (down from 9.5% in 3Q 2023). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the IT industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. New Risk • Oct 01
New major risk - Revenue and earnings growth Earnings have declined by 53% 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 53% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Jul 19
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: kr239.4m (up 15% from 2Q 2023). Net income: kr34.0m (up kr654.0m from 2Q 2023). Profit margin: 14% (up from net loss in 2Q 2023). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the IT industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Jul 19
Now 21% undervalued Over the last 90 days, the stock has risen 73% to kr82.40. The fair value is estimated to be kr105, 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. Meanwhile, the company has become profitable. Board Change • May 17
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Åsa Schwarz was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annonce • May 01
Enea AB (publ) to Report Fiscal Year 2024 Results on Jan 30, 2025 Enea AB (publ) announced that they will report fiscal year 2024 results on Jan 30, 2025 Price Target Changed • Apr 28
Price target increased by 13% to kr90.00 Up from kr80.00, the current price target is provided by 1 analyst. New target price is 67% above last closing price of kr54.00. Stock is down 20% over the past year. The company is forecast to post earnings per share of kr4.50 next year compared to a net loss per share of kr25.80 last year. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: kr0.53 (vs kr1.67 in 1Q 2023) First quarter 2024 results: EPS: kr0.53 (down from kr1.67 in 1Q 2023). Revenue: kr206.0m (down 17% from 1Q 2023). Net income: kr10.6m (down 71% from 1Q 2023). Profit margin: 5.1% (down from 14% in 1Q 2023). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the IT industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 21
Full year 2023 earnings released: kr25.80 loss per share (vs kr5.05 profit in FY 2022) Full year 2023 results: kr25.80 loss per share (down from kr5.05 profit in FY 2022). Revenue: kr913.0m (down 1.6% from FY 2022). Net loss: kr550.7m (down kr659.7m from profit in FY 2022). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the IT industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. New Risk • Apr 03
New major risk - Revenue and earnings growth Earnings have declined by 49% 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 49% per year over the past 5 years. Minor Risk Market cap is less than US$100m (kr1.06b market cap, or US$98.9m). Annonce • Mar 21
Enea AB (publ) Appoints Osvaldo Aldao as Chief Product and Technology Officer Enea AB (publ) appointed Osvaldo Aldao as Chief Product and Technology Officer, who brings more than 25 years of experience working with communications service providers in Latin America, Europe and Asia, from senior leadership roles in sales and product management at Enea and Ericsson. Osvaldo Aldao has more than 25 years’ international experience in the telecoms industry, having held senior global positions in sales, product management and technology development in Europe and Latin America. Prior to this appointment, Osvaldo was VP Product Management at Enea since 2021, and his previous positions at Ericsson included Head of Portfolio, Communications Services, Head of IoT Accelerator and Head of Sales Support. Osvaldo holds a Masters of Science in Telecommunications and Electronic Engineering from the Institute of Technology, Buenos Aires, Argentina. Buy Or Sell Opportunity • Mar 07
Now 22% overvalued Over the last 90 days, the stock has fallen 3.9% to kr53.50. The fair value is estimated to be kr44.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Feb 02
Full year 2023 earnings released: kr25.85 loss per share (vs kr5.05 profit in FY 2022) Full year 2023 results: kr25.85 loss per share (down from kr5.05 profit in FY 2022). Revenue: kr934.6m (flat on FY 2022). Net loss: kr550.7m (down kr659.7m from profit in FY 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the IT industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Annonce • Dec 20
Enea Appoints Ulf Stigberg as CFO Enea announced that Ulf Stigberg has been appointed Chief Financial Officer. He has been acting CFO since July 19 this year when previous CFO Ola Burmark left to seek new endeavors outside Enea. Ulf has more than 25 years of experience in the telecom-industry, and was CFO and co-founder of Aptilo which was acquired by Enea in 2020. New Risk • Oct 31
New major risk - Revenue and earnings growth Earnings have declined by 37% 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 37% per year over the past 5 years. Minor Risk Market cap is less than US$100m (kr997.5m market cap, or US$89.2m). Reported Earnings • Oct 27
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: kr0.95 (down from kr1.69 in 3Q 2022). Revenue: kr220.6m (down 3.8% from 3Q 2022). Net income: kr20.4m (down 44% from 3Q 2022). Profit margin: 9.2% (down from 16% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the IT industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Sep 22
Independent Chairman recently bought kr399k worth of stock On the 18th of September, Kjell Duveblad bought around 10k shares on-market at roughly kr39.90 per share. This transaction amounted to 50% 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 kr2.0m. Kjell has been a buyer over the last 12 months, purchasing a net total of kr867k worth in shares. Recent Insider Transactions • Sep 13
Acting President & CEO recently bought kr2.0m worth of stock On the 6th of September, Anders Lidbeck bought around 45k shares on-market at roughly kr45.40 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Annonce • Jul 25
Enea AB (publ) (OM:ENEA) commences an Equity Buyback Plan for 2,148,571 shares, representing 9.83% of its issued share capital, under the authorization approved on May 4, 2023. Enea AB (publ) (OM:ENEA) commences share repurchases on July 19, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 4, 2023. As per the mandate, the company is authorized to repurchase up to 2,148,571 ordinary shares, representing 9.83% of its issued share capital, such that the company’s holding in treasury together with the shares repurchased does not exceed 10% of its issued share capital at any point of time. The purpose of the authorizations above to acquire and transfer ordinary shares, including any deviation from the shareholders’ preferential rights in connection with transfer, is to continuously be able to adjust the capital structure of the Company to the capital needs of the Company, to enable financing, in whole or in part, in connection with acquisitions of businesses and for financing and/or securing delivery of ordinary shares in long-term incentive programs. The share repurchase program will expire at the company’s next Annual General Meeting 2024. As of March 31, 2022, the company had 21,858,231 shares in issue of which 21,615,231 are ordinary shares and 243,000 are series C shares. The Company holds 12,952 ordinary share and all 243,000 outstanding series C-shares in treasury.
On July 18, 2023, the company announced a share repurchase program. Under the program, the company will repurchase SEK 25 million worth of its shares. The purpose of the repurchase program is to enable the company to adapt its capital structure to its capital needs over time, and thereby contribute to an increased shareholder value. Repurchase may take place during the period from and including July 19, 2023, up to and including October 25, 2023. Recent Insider Transactions • Jul 21
Independent Chairman recently bought kr468k worth of stock On the 19th of July, Kjell Duveblad bought around 10k shares on-market at roughly kr46.76 per share. This transaction increased Kjell's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Kjell's only on-market trade for the last 12 months. Reported Earnings • Jul 19
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: kr28.70 loss per share (down from kr2.16 profit in 2Q 2022). Revenue: kr217.4m (flat on 2Q 2022). Net loss: kr620.0m (down kr666.2m from profit in 2Q 2022). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 30%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings. Annonce • Jul 06
Enea AB (Publ) Announces Resignation of Jan Frykhammar from the Board of Directors Enea AB (publ) announced that the board member Jan Frykhammar is resigning from the Board of Directors at his own request effective immediately. He is resigning for personal reasons. Major Estimate Revision • Jun 30
Consensus EPS estimates fall by 28% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from kr970.3m to kr953.2m. EPS estimate also fell from kr1.44 per share to kr1.04 per share. Net income forecast to shrink 76% next year vs 12% growth forecast for IT industry in Sweden . Consensus price target of kr96.00 unchanged from last update. Share price fell 3.9% to kr42.20 over the past week. Annonce • Jun 15
Enea AB (Publ) Announces CFO Changes Enea AB (publ) announces the appointment of Ulf Stigberg as interim CFO at Enea from July 19, 2023. As previously announced, Ola Burmark, Enea’s current CFO, will leave the Group for a similar role in a privately held company. Price Target Changed • May 01
Price target decreased by 16% to kr95.50 Down from kr114, the current price target is an average from 2 analysts. New target price is 41% above last closing price of kr67.60. Stock is down 41% over the past year. The company is forecast to post earnings per share of kr4.05 for next year compared to kr5.05 last year. Reported Earnings • Apr 28
First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2023 results: EPS: kr0.47 (up from kr0.60 loss in 1Q 2022). Revenue: kr254.0m (up 18% from 1Q 2022). Net income: kr10.2m (up kr23.2m from 1Q 2022). Profit margin: 4.0% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) missed analyst estimates by 59%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Apr 21
Consensus EPS estimates increase by 31% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from kr966.9m to kr977.8m. EPS estimate increased from kr3.09 to kr4.05 per share. Net income forecast to shrink 21% next year vs 7.5% growth forecast for IT industry in Sweden . Consensus price target up from kr114 to kr116. Share price fell 17% to kr78.60 over the past week. 
