Annuncio • May 16
Troax Group AB Launches Smart Fix Re:Cycled Machine Guarding Solution Troax, the global market leader in industrial safety, is launching Smart Fix Re:Cycled - the world's first machine guarding mesh panel made entirely from recycled and low-emission materials. The Smart Fix Re:Cycled is part of the Re:Guarding programme, where the company innovate to set new standards for better and more sustainable solutions. The new sustainable machine guarding solution is made using recycled and low-emission steel, as well as recycled plastic top caps and recycled powder coating. The colour powder is collected and reused between orders to reduce waste, which means each order's colour is unique. The overall carbon footprint of the Smart Fix Re:Cycled is more than 70% lower than Troax's standard alternative, while maintaining the same high level of protection that customers expect from Troax's solutions. It matches the performance of the Smart Fix ST20 in every measurable respect. The Smart Fix Re:Cycled will be launched at the Elmia Automation fair in Jönköping, Sweden, 19-22 May. The panel will initially be available in Europe. Annuncio • Apr 22
Troax Group AB (Publ) Approves Dividend, Payable on May 4, 2026 Troax Group AB (publ) at The Annual General Meeting held on 22 April, 2026 approved the dividend was set at EUR 0.24 per share with April 24th, 2026 as the record day. The estimated date for payment is May 4th, 2026. Annuncio • Apr 14
Troax Group AB Appoints Robert Burning as New Chief Financial Officer, Effective 1 October 2026 Troax Group AB has appointed Robert Burning as its new Chief Financial Officer (CFO). He will assume his position no later than 1 October 2026, succeeding Anders Eklöf, who has chosen to leave the company for new opportunities. Robert Burning most recently served as CFO at SSC Space. Prior to that, he held senior finance roles within the Elekta Group. Annuncio • Feb 25
Troax Group AB Announces CFO Changes Troax Group AB announced that when the current CFO, Anders Eklöf, ends his employment at the end of the first quarter of 2026, Carl-Henric Söderblom, current Group Controller of Troax Group AB, will take over as interim CFO until a permanent CFO is appointed. The recruitment process to find a successor is ongoing. Effective date: end of the first quarter of 2026. Annuncio • Dec 13
Troax Group AB (Publ) Announces Resignation of Anders Eklöf as CFO Role During 2026 Troax Group AB (publ) announced resignation of Anders Eklöf as CFO role during 2026. Anders Eklöf is ready for the next phase in his ofessional life and will be taking on a new challenge as the CFO of the Herenco Group in Jönköping. The process to recruit a successor will begin immediately. Annuncio • May 02
Troax Group AB (Publ) Approves Dividend, Payable on May 9, 2025 Troax Group AB (publ) announced that at its AGM held on April 29, 2025, the dividend was set at EUR 0.34 per share with May 2, 2025 as the record day. The estimated date for payment is May 9, 2025. Annuncio • Feb 08
Troax Group AB (publ), Annual General Meeting, Apr 29, 2025 Troax Group AB (publ), Annual General Meeting, Apr 29, 2025, at 15:00 W. Europe Standard Time. Location: at troax in hillerstorp, Sweden Annuncio • Feb 07
Troax Group AB (publ) Suggests Dividend The Board of Directors of Troax Group AB (publ) suggested a dividend of EUR 0.34 (EUR 0.34) per share. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: €0.15 (vs €0.15 in 3Q 2023) Third quarter 2024 results: EPS: €0.15 (in line with 3Q 2023). Revenue: €69.0m (up 12% from 3Q 2023). Net income: €8.90m (flat on 3Q 2023). Profit margin: 13% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: €0.13 (vs €0.15 in 2Q 2023) Second quarter 2024 results: EPS: €0.13 (down from €0.15 in 2Q 2023). Revenue: €71.9m (up 5.0% from 2Q 2023). Net income: €7.50m (down 18% from 2Q 2023). Profit margin: 10% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Jul 13
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to €22.10. The fair value is estimated to be €17.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 41% in the next 2 years. Buy Or Sell Opportunity • May 15
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 4.9% to €20.05. The fair value is estimated to be €16.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. Buy Or Sell Opportunity • Apr 17
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 3.8% to €19.66. The fair value is estimated to be €16.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 6.4%. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Upcoming Dividend • Apr 16
Upcoming dividend of €0.34 per share Eligible shareholders must have bought the stock before 23 April 2024. Payment date: 02 May 2024. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.2%). Reported Earnings • Apr 08
Full year 2023 earnings released: EPS: €0.60 (vs €0.61 in FY 2022) Full year 2023 results: EPS: €0.60 (down from €0.61 in FY 2022). Revenue: €264.3m (down 7.0% from FY 2022). Net income: €35.7m (down 2.9% from FY 2022). Profit margin: 14% (in line with FY 2022). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Declared Dividend • Feb 16
Dividend increased to €0.34 Dividend of €0.34 is 6.3% higher than last year. Ex-date: 23rd April 2024 Payment date: 29th April 2024 Dividend yield will be 1.8%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 16% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Feb 15
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to €19.56. The fair value is estimated to be €15.98, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 6.4%. For the next 3 years, revenue is forecast to grow by 9.1% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Reported Earnings • Feb 11
Full year 2023 earnings released: EPS: €0.60 (vs €0.61 in FY 2022) Full year 2023 results: EPS: €0.60 (down from €0.61 in FY 2022). Revenue: €264.3m (down 7.0% from FY 2022). Net income: €35.8m (down 2.7% from FY 2022). Profit margin: 14% (in line with FY 2022). Revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annuncio • Feb 10
Troax Group AB (publ), Annual General Meeting, Apr 22, 2024 Troax Group AB (publ), Annual General Meeting, Apr 22, 2024, at 15:00 Central European Standard Time. Location: Box 89,335 04 Hillerstorp Hillerstorp Sweden Annuncio • Feb 09
Troax Group AB (publ) Suggests Dividend for the Year Ended December 2023 The board of directors of Troax Group AB (publ) suggested a dividend of EUR 0,34 (0,32) per share for the year ended December 2023. Annuncio • Jan 18
Troax Group AB (Publ) Announces Chief Executive Officer Changes Martin Nyström appointead as new CEO for Troax Group AB. Martin will succeed incumbent CEO Thomas Widstrand, who in accordance with previous announcement will leave for pension retirement after more than 16 years as CEO for Troax. Martin will assume his position no later than mid-July 2024.Martin Nyström long background from leading positions within the Sandvik Group, and is currently President for the Stationary Crushing and Screening division within Sandvik Rock Processing Solutions. Before that, he worked as management consultant within Applied Value Group. Martin has a MSc in Industrial Engineering & Management from Linköping University. Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: €0.15 (vs €0.17 in 3Q 2022) Third quarter 2023 results: EPS: €0.15 (down from €0.17 in 3Q 2022). Revenue: €61.4m (down 14% from 3Q 2022). Net income: €8.90m (down 10% from 3Q 2022). Profit margin: 14% (in line with 3Q 2022). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Aug 28
Board Member recently sold €29k worth of stock On the 21st of August, Stefan Lundgren sold around 2k shares on-market at roughly €14.56 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 €17k more than they bought in the last 12 months. Recent Insider Transactions • Aug 24
Chief Financial Officer recently sold €23k worth of stock On the 17th of August, Anders Eklof sold around 2k shares on-market at roughly €14.19 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Anders has been a net seller over the last 12 months, reducing personal holdings by €37k. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: €0.15 (vs €0.17 in 2Q 2022) Second quarter 2023 results: EPS: €0.15 (down from €0.17 in 2Q 2022). Revenue: €68.5m (down 12% from 2Q 2022). Net income: €9.10m (down 13% from 2Q 2022). Profit margin: 13% (in line with 2Q 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Employee Representative Director Stefan Lundgren was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jun 09
Board Member recently bought €21k worth of stock On the 2nd of June, Stefan Lundgren bought around 2k shares on-market at roughly €10.52 per share. This transaction amounted to 78% 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 €167k more in shares than they have sold in the last 12 months. Upcoming Dividend • Apr 20
Upcoming dividend of €0.32 per share at 1.6% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 08 May 2023. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.8%). Reported Earnings • Apr 08
Full year 2022 earnings released: EPS: €0.61 (vs €0.66 in FY 2021) Full year 2022 results: EPS: €0.61 (down from €0.66 in FY 2021). Revenue: €284.1m (up 13% from FY 2021). Net income: €36.8m (down 7.5% from FY 2021). Profit margin: 13% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Machinery industry in Germany. 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 25% per year. Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: €0.61 (vs €0.66 in FY 2021) Full year 2022 results: EPS: €0.61 (down from €0.66 in FY 2021). Revenue: €284.1m (up 13% from FY 2021). Net income: €36.8m (down 7.5% from FY 2021). Profit margin: 13% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 2.7% p.a. on average during the next 2 years, while revenues in the Machinery industry in Germany are expected to grow by 4.3%. 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 16% per year. Recent Insider Transactions • Dec 16
Chief Financial Officer recently sold €53k worth of stock On the 12th of December, Anders Eklof sold around 3k shares on-market at roughly €17.69 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite the recent sale, Anders has been a net buyer over the last 12 months, purchasing a net total of €8.7k worth of shares. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improved over the past week After last week's 17% share price gain to €17.96, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 12x in the Machinery industry in Germany. Total returns to shareholders of 74% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.61 per share. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: kr0.17 (vs kr1.88 in 3Q 2021) Third quarter 2022 results: EPS: kr0.17 (down from kr1.88 in 3Q 2021). Revenue: kr71.3m (down 89% from 3Q 2021). Net income: kr9.90m (down 91% from 3Q 2021). Profit margin: 14% (down from 17% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 1.4% p.a. on average during the next 2 years, while revenues in the Machinery industry in Germany are expected to grow by 4.2%. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Annuncio • Sep 28
Troax Group AB Appoints Jose Nuñez as New Regional Director for North America Troax Group AB decided to strengthen the organization in the USA and hired Jose Nuñez as a new Regional Director for the American operations. He will take up his position on October 4, 2022. This gives the opportunity to further develop the organization and customer relations in North America. Jose has previously positions mainly within Caterpillar, the world's leading manufacturer of construction and mining equipment, where he showed leadership, problem-solving and continuous improvement within different management positions. In connection with that, former regional manager for North America, Thomas Sareyko, has left the company as of September 20. Troax would like to thank him for his fine efforts and wish him the best of luck in the future. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: €0.17 (vs €0.19 in 2Q 2021) Second quarter 2022 results: EPS: €0.17 (down from €0.19 in 2Q 2021). Revenue: €77.9m (up 15% from 2Q 2021). Net income: €10.5m (down 9.5% from 2Q 2021). Profit margin: 14% (down from 17% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.5%, compared to a 9.0% growth forecast for the Machinery industry in Germany. 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 24% per year. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improved over the past week After last week's 15% share price gain to €19.40, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 11x in the Machinery industry in Germany. Total returns to shareholders of 120% over the past three years. Recent Insider Transactions • May 12
CEO, President & Director recently bought €209k worth of stock On the 4th of May, Thomas Widstrand bought around 10k shares on-market at roughly €20.94 per share. This was the largest purchase by an insider in the last 3 months. This was Thomas' only on-market trade for the last 12 months. Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: €0.15 (vs €0.14 in 1Q 2021) First quarter 2022 results: EPS: €0.15 (up from €0.14 in 1Q 2021). Revenue: €69.6m (up 27% from 1Q 2021). Net income: €9.30m (up 11% from 1Q 2021). Profit margin: 13% (down from 15% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.2%, compared to a 9.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 21
Upcoming dividend of €0.30 per share Eligible shareholders must have bought the stock before 28 April 2022. Payment date: 06 May 2022. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (3.9%). Lower than average of industry peers (2.4%). Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 21% share price gain to €23.50, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 13x in the Machinery industry in Germany. Total returns to shareholders of 143% over the past three years. Annuncio • Feb 22
Troax Group AB (publ) to Report Q1, 2022 Results on Apr 27, 2022 Troax Group AB (publ) announced that they will report Q1, 2022 results at 12:30 PM, Central European Standard Time on Apr 27, 2022 Recent Insider Transactions • Feb 08
Chairman of the Board recently bought €61k worth of stock On the 7th of February, Anders Morck bought around 2k shares on-market at roughly €30.38 per share. This was the largest purchase by an insider in the last 3 months. This was Anders' only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €36.00, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 18x in the Machinery industry in Germany. Total returns to shareholders of 319% over the past three years. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS €0.18 (vs €0.12 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: €65.5m (up 56% from 3Q 2020). Net income: €11.1m (up 61% from 3Q 2020). Profit margin: 17% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improved over the past week After last week's 22% share price gain to €36.60, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 20x in the Machinery industry in Germany. Total returns to shareholders of 297% over the past three years. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS €0.19 (vs €0.078 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €67.5m (up 88% from 2Q 2020). Net income: €11.6m (up 147% from 2Q 2020). Profit margin: 17% (up from 13% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS €0.14 (vs €0.08 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €54.7m (up 34% from 1Q 2020). Net income: €8.40m (up 75% from 1Q 2020). Profit margin: 15% (up from 12% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Apr 28
Troax Group AB (publ) Announces Dividend Troax Group AB (publ) proposal for dealing with the Company ´s profit. The dividend was set at EUR 0.2 per share with April 28th as the record day. The estimated date for payment is May 5th, 2021. The Board of Directors and the President were discharged from liability for the financial year 2020. Upcoming Dividend • Apr 20
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 27 April 2021. Payment date: 05 May 2021. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (1.1%). Is New 90 Day High Low • Mar 04
New 90-day high: €25.15 The company is up 51% from its price of €16.66 on 04 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 7.0% over the same period. Reported Earnings • Feb 12
Full year 2020 earnings released: EPS €0.39 (vs €0.41 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: €163.6m (down 2.6% from FY 2019). Net income: €23.2m (down 4.7% from FY 2019). Profit margin: 14% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 12
Revenue misses expectations Revenue missed analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 20%, compared to a 5.0% growth forecast for the Machinery industry in Germany. Is New 90 Day High Low • Feb 11
New 90-day high: €20.85 The company is up 33% from its price of €15.64 on 12 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 11% over the same period. Is New 90 Day High Low • Jan 08
New 90-day high: €20.50 The company is up 25% from its price of €16.34 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 12% over the same period. Is New 90 Day High Low • Dec 11
New 90-day high: €16.88 The company is up 9.0% from its price of €15.48 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 4.0% over the same period. Annuncio • Nov 05
Troax Group AB (publ) (OM:TROAX) entered into an agreement to acquire Natom Logistic Sp. Z. O. O. from Tomasz Swiatek. Troax Group AB (publ) (OM:TROAX) entered into an agreement to acquire Natom Logistic Sp. Z. O. O. from Tomasz Swiatek on November 3, 2020. A performance-based additional payment may occur in 2020 & 2021 conditional on a continued high operating profit. The acquisition will be financed within Troax’s existing cash on a cash-free/debt-free basis. Post transaction, Natom Logistic Sp. Z. O. O. will continue as a part of Troax Group. Natom Logistic Sp. Z. O. O. reported a revenue of €20 million for the year ended December 31, 2019. Tomasz Swiatek, owner and Managing Director of Natom, will continue as Managing Director of Natom, and together with the whole Natom team. The transaction is expected to close today. The transaction costs occurring during fourth quarter is not expected to be material. Natom is expected to contribute positive to Troax’s earnings per share starting from the fourth quarter of 2020 and Troax’s net debt / EBITDA through the acquisition will increase to 1.5-1.6 on an annualized basis. Is New 90 Day High Low • Oct 30
New 90-day low: €13.56 The company is down 15% from its price of €15.98 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is down 2.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of €22.9m, down 11% from the prior year. Total revenue was €163.1m over the last 12 months, down 2.4% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 30
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 2.9% at €42.0m. Revenue is forecast to grow 5.2% over the next year, while the growth in Machinery industry in Germany is expected to stay flat. Annuncio • Oct 29
Troax Group AB (publ) to Report Q4, 2020 Results on Feb 11, 2021 Troax Group AB (publ) announced that they will report Q4, 2020 results on Feb 11, 2021