Reported Earnings • Jul 16
Second quarter 2026 earnings released: EPS: kr0.61 (vs kr0.38 in 2Q 2025) Second quarter 2026 results: EPS: kr0.61 (up from kr0.38 in 2Q 2025). Revenue: kr2.26b (up 19% from 2Q 2025). Net income: kr131.0m (up 68% from 2Q 2025). Profit margin: 5.8% (up from 4.1% in 2Q 2025). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electrical industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Annuncio • Jul 16
Hexatronic Group AB (publ) Announces Appointment of Oscar Wärme as Acting Head of Data Center, Effective August 1, 2026 Hexatronic Group AB (publ) had appointed Oscar Wärme as acting Head of Data Center, effective August 1, 2026. He succeeded Martin Åberg as Head of Data Center, who decided to leave Hexatronic in June 2026. Oscar Wärme joined Hexatronic in 2022 and currently serves as Head of M&A. He has played a key role in acquisition strategy, operations and in the development of the focus on the Harsh Environment and especially the Data Center business areas. Prior to joining Hexatronic, Oscar held M&A positions at Loomis and deal advisory at KPMG. In his new role, Oscar will be a member of Executive Management Team and report to Rikard Fröberg, President and CEO. Martin Åberg will remain available to support a smooth transition. New Risk • Jul 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Annuncio • Jul 15
Hexatronic Group AB (publ) to Report Fiscal Year 2026 Results on Feb 04, 2027 Hexatronic Group AB (publ) announced that they will report fiscal year 2026 results on Feb 04, 2027 Buy Or Sell Opportunity • Jul 07
Now 21% undervalued Over the last 90 days, the stock has risen 3.3% to kr34.62. The fair value is estimated to be kr43.96, 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 became loss making. Annuncio • Jun 15
Martin Åberg to Leave Hexatronic as Deputy CEO and Head of the Data Center Business Area Martin Åberg has informed the CEO of Hexatronic that he has decided to leave his position as Deputy CEO and Head of the Data Center business area to focus on his private investments going forward. To ensure an orderly and smooth transition, Martin Åberg will remain in his role until a successor has been appointed. Martin Åberg has been a member of Group Management since 2014. During his time at Hexatronic, he has served as Deputy CEO and has been responsible for business development and M&A. In recent years, he has also held the position as Head of the Data Center business area. He has played a central role in driving strategic initiatives and has contributed significantly to the Group’s growth and diversification. Annuncio • Jun 01
Hexatronic Group AB (publ) (OM:HTRO) completed the acquisition of Superior Fiber & Data Services, Inc. Hexatronic Group AB (publ) (OM:HTRO) entered into an agreement to acquire Superior Fiber & Data Services, Inc. for enterprise value of $29 million on May 6, 2026. The consideration includes a potential additional earn-out of $3 million payable in 2029. The acquisition will be financed with proceeds from an accelerated bookbuilding process. The transaction is valued at an EV/EBITDA multiple of 5.8x to 6.4x. Randy Fuller, the founder and current Chief Operating Officer of Superior Fiber & Data Services, Inc, will remain with the company and transition into the role of Chief Executive Officer. Superior Fiber & Data Services, Inc is planning to do a tax reorganization prior to the completion of the acquisition which would lower the effective EV/EBITDA multiple to 5.4x-6.0x.
For the period ending December 31, 2025, Superior Fiber & Data Services, Inc. reported total revenue of $40 million and EBITDA of $5 million.
The transaction is expected to be completed on before end of May 2026.
Hexatronic Group AB (publ) (OM:HTRO) completed the acquisition of Superior Fiber & Data Services, Inc. on June 1, 2026. Buy Or Sell Opportunity • May 13
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 66% to kr45.81. The fair value is estimated to be kr36.89, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Annuncio • May 09
Hexatronic Group AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 600.000012 million. Hexatronic Group AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 600.000012 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 15,789,474
Price\Range: SEK 38 Annuncio • May 07
Hexatronic Group AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 550 million. Hexatronic Group AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 550 million.
Security Name: Ordinary Shares
Security Type: Common Stock New Risk • Apr 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Buy Or Sell Opportunity • Apr 29
Now 27% undervalued Over the last 90 days, the stock has risen 34% to kr32.04. The fair value is estimated to be kr43.94, 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 became loss making. Reported Earnings • Apr 16
Full year 2025 earnings released: kr0.068 loss per share (vs kr1.69 profit in FY 2024) Full year 2025 results: kr0.068 loss per share (down from kr1.69 profit in FY 2024). Revenue: kr7.52b (flat on FY 2024). Net loss: kr14.0m (down 104% from profit in FY 2024). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electrical industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Annuncio • Apr 03
Hexatronic Group AB (publ) (OM:HTRO) completed the acquisition of JOWO-Systemtechnik AG. Hexatronic Group AB (publ) (OM:HTRO) signed a binding agreement to acquire JOWO-Systemtechnik AG for an enterprise value of €11.8 million on March 2, 2026. The transaction also includes a self-funded earnout based on performance, payable in 2031. JOWO will be consolidated into the Hexatronic Harsh Environment business area. The acquisition has been financed through available cash and existing credit facilities.
The transaction reflects TEV/EBITDA multiple of 4.7x. For the period ending December 31, 2025, JOWO-Systemtechnik AG reported total revenue of €18 million.
The transaction is subject to approval by the German Authorities under the German Foreign Trade and Payments Act, and is expected to close in Q2, 2026.
Hexatronic Group AB (publ) (OM:HTRO) completed the acquisition of JOWO-Systemtechnik AG on April 1, 2026. Buy Or Sell Opportunity • Mar 30
Now 25% undervalued Over the last 90 days, the stock has risen 34% to kr30.59. The fair value is estimated to be kr40.64, 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 became loss making. Annuncio • Mar 03
Hexatronic Group AB (publ) (OM:HTRO) signed a binding agreement to acquire JOWO-Systemtechnik AG for an enterprise value of €11.8 million. Hexatronic Group AB (publ) (OM:HTRO) signed a binding agreement to acquire JOWO-Systemtechnik AG for an enterprise value of €11.8 million on March 2, 2026. JOWO will be consolidated into the Hexatronic Harsh Environment business area. The acquisition has been financed through available cash and existing credit facilities.
The transaction reflects TEV/EBITDA multiple of 4.7x. For the period ending December 31, 2025, JOWO-Systemtechnik AG reported total revenue of €18 million.
The transaction is subject to approval by the German Authorities under the German Foreign Trade and Payments Act, and is expected to close in Q2, 2026. Reported Earnings • Feb 06
Full year 2025 earnings released: kr0.068 loss per share (vs kr1.69 profit in FY 2024) Full year 2025 results: kr0.068 loss per share (down from kr1.69 profit in FY 2024). Revenue: kr7.52b (flat on FY 2024). Net loss: kr14.0m (down 104% from profit in FY 2024). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Electrical industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 41% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Dec 19
Independent Chairman of the Board recently bought kr1.0m worth of stock On the 16th of December, Magnus Nicolin bought around 50k shares on-market at roughly kr20.85 per share. This transaction amounted to 31% 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. New Risk • Nov 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (1.7% net profit margin). Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to kr19.75, the stock trades at a forward P/E ratio of 14x. Average trailing P/E is 17x in the Electrical industry in the United Kingdom. Total loss to shareholders of 86% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr23.90 per share. Annuncio • Nov 26
Hexatronic Group AB (publ) (OM:HTRO) acquired Communication Zone Inc. for $20.4 million. Hexatronic Group AB (publ) (OM:HTRO) acquired Communication Zone Inc. for $20.4 million on November 25, 2025. Hexatronic Group AB (publ) will pay an earnout/contingent payment of $3.5 million cash. As part of consideration, $3.5 million is paid towards common equity of Communication Zone Inc. The founders of Communication Zone, John Kaprales and Rick Wasmund, will remain in their respective positions as CEO and President, continuing to develop the business. Communication Zone will be part of the Hexatronic Data Center business area. The acquisition has been financed through available cash and existing debt facilities.
For the period ending December 31, 2024, Communication Zone Inc. has a turnover of approximately USD 20 million and a normalized EBITDA of USD 4 million.
Hexatronic Group AB (publ) (OM:HTRO) completed the acquisition of Communication Zone Inc. for $20.4 million on November 25, 2025. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to kr18.69, the stock trades at a forward P/E ratio of 14x. Average trailing P/E is 23x in the Electrical industry in Europe. Total loss to shareholders of 87% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr23.95 per share. Buy Or Sell Opportunity • Nov 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to kr19.65. The fair value is estimated to be kr24.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has declined by 38%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 46% per annum over the same time period. Reported Earnings • Oct 26
Third quarter 2025 earnings released: kr0.59 loss per share (vs kr0.53 profit in 3Q 2024) Third quarter 2025 results: kr0.59 loss per share (down from kr0.53 profit in 3Q 2024). Revenue: kr1.88b (down 3.5% from 3Q 2024). Net loss: kr122.0m (down 213% from profit in 3Q 2024). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electrical industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings. New Risk • Sep 24
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: kr514k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (47% net debt to equity). Share price has been volatile over the past 3 months (9.2% average weekly change). Profit margins are more than 30% lower than last year (4.7% net profit margin). Significant insider selling over the past 3 months (kr514k sold). Annuncio • Sep 18
Hexatronic Group AB (publ), Annual General Meeting, May 12, 2026 Hexatronic Group AB (publ), Annual General Meeting, May 12, 2026. Location: gothenburg Sweden Recent Insider Transactions • Jul 23
Head of Northern Europe recently sold kr514k worth of stock On the 16th of July, Magnus Angermund sold around 24k shares on-market at roughly kr21.33 per share. This transaction amounted to 14% 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 this recent sale, insiders have collectively bought kr380k more than they sold in the last 12 months. Reported Earnings • Jul 15
Second quarter 2025 earnings released: EPS: kr0.38 (vs kr0.44 in 2Q 2024) Second quarter 2025 results: EPS: kr0.38 (down from kr0.44 in 2Q 2024). Revenue: kr1.92b (down 5.1% from 2Q 2024). Net income: kr78.0m (down 13% from 2Q 2024). Profit margin: 4.1% (down from 4.4% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electrical 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 fallen by 39% per year, which means it is performing significantly worse than earnings. New Risk • Jul 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (50% net debt to equity). Share price has been volatile over the past 3 months (10% average weekly change). Profit margins are more than 30% lower than last year (4.8% net profit margin). Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr30.25, the stock trades at a forward P/E ratio of 12x. Average trailing P/E is 16x in the Electrical industry in the United Kingdom. Total loss to shareholders of 63% over the past three years. Recent Insider Transactions • Jun 04
Head of Central Europe recently bought kr348k worth of stock On the 30th of May, Christian Priess bought around 13k shares on-market at roughly kr26.53 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr16m more in shares than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr26.46, the stock trades at a forward P/E ratio of 9x. Average trailing P/E is 13x in the Electrical industry in the United Kingdom. Total loss to shareholders of 71% over the past three years. Reported Earnings • Apr 09
Full year 2024 earnings released: EPS: kr1.69 (vs kr4.18 in FY 2023) Full year 2024 results: EPS: kr1.69 (down from kr4.18 in FY 2023). Revenue: kr7.58b (down 7.0% from FY 2023). Net income: kr346.0m (down 59% from FY 2023). Profit margin: 4.6% (down from 10% in FY 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electrical industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Annuncio • Apr 03
Hexatronic Group AB (publ), Annual General Meeting, May 05, 2025 Hexatronic Group AB (publ), Annual General Meeting, May 05, 2025, at 15:00 W. Europe Standard Time. Location: at gothia towers, massans gata 24, se-412 51, gothenburg Sweden Reported Earnings • Feb 07
Full year 2024 earnings released: EPS: kr1.69 (vs kr4.18 in FY 2023) Full year 2024 results: EPS: kr1.69 (down from kr4.18 in FY 2023). Revenue: kr7.66b (down 6.0% from FY 2023). Net income: kr346.0m (down 59% from FY 2023). Profit margin: 4.5% (down from 10% in FY 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electrical industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Annuncio • Feb 05
Hexatronic Group AB (publ) Implements Changes in Executive Management Hexatronic Group AB (publ) implemented changes in Executive Management. As part of focusing the business on the Group's business areas and future growth strategy, changes are being made to the Executive Management Team. Anna Bailey, Sourcing and Supply Director, and Tomas Jendel, CTO, will leave Executive Management to continue their corresponding roles in the Fiber Solutions business area. Linn Lundstedt, General Counsel and Company Secretary of Hexatronic Group, will join Executive Management. The changes will take effect immediately. Linn Lundstedt (born 1984) was recruited to Hexatronic in 2023. She previously worked as corporate counsel at Ericsson and Preem and as an attorney at the law firm Roschier. She holds a Master of Laws from Uppsala University and a Bachelor of Social Science in Business from Uppsala University. Organizationally, the management of the business areas is represented in the Executive Management Team. Incoming CEO Rikard Fröberg, who starts on March 1, will also lead Fiber Solutions. Martin Åberg is responsible for Data Center and Jakob Skov is responsible for Harsh Environment. New Risk • Jan 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (50% net debt to equity). Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.9% net profit margin). Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: kr0.52 (vs kr0.85 in 3Q 2023) Third quarter 2024 results: EPS: kr0.52 (down from kr0.85 in 3Q 2023). Revenue: kr1.97b (up 2.7% from 3Q 2023). Net income: kr108.0m (down 38% from 3Q 2023). Profit margin: 5.5% (down from 9.0% in 3Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electrical industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Annuncio • Oct 02
Hexatronic Group AB (publ) (OM:HTRO) completed the acquisition of Parts of Endor from Sýn hf. (ICSE:SYN). Hexatronic Group AB (publ) (OM:HTRO) signed a letter of intent to acquire Parts of Endor from Sýn hf. (ICSE:SYN) on July 8, 2024. The acquisition will not have a material impact on Hexatronic's results. In total, less than five employees will be transferred to Hexatronic. Hexatronic expects to take over the business in autumn.
Hexatronic Group AB (publ) (OM:HTRO) completed the acquisition of Parts of Endor from Sýn hf. (ICSE:SYN) on October 1, 2024. Annuncio • Sep 20
Hexatronic Group AB (Publ) Announces Appointment of Nomination Committee Hexatronic Group AB (publ) announced that Nomination Committee for Annual General Meeting in 2025 has been established. The four largest shareholders, in terms of votes at the end of August, had the right to nominate members. The Chairman of the Board shall be co-opted into the Nomination Committee. The Nomination Committee has been appointed as follows: Staffan Ringvall, Handelsbanken Fonder (Chairman of the Nomination Committee), Sophie Larsén, AMF Pension & Fonder, Mark Shay, Accendo Capital,Jonas Nordlund, representing himself Magnus Nicolin, co-opted, Chairman of the Board of Hexatronic Group. Recent Insider Transactions • Aug 23
Head of Northern Europe recently sold kr1.2m worth of stock On the 19th of August, Magnus Angermund sold around 22k shares on-market at roughly kr55.50 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth kr7.9m. Insiders have been net sellers, collectively disposing of kr13m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to kr52.60, the stock trades at a forward P/E ratio of 18x. Average trailing P/E is 18x in the Electrical industry in the United Kingdom. Total returns to shareholders of 50% over the past three years. New Risk • Jul 24
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: kr5.6m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks High level of debt (52% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.8% net profit margin). Significant insider selling over the past 3 months (kr5.6m sold). Recent Insider Transactions • Jul 23
Chief Marketing Officer recently sold kr723k worth of stock On the 18th of July, Lise-Lott Schönbeck sold around 11k shares on-market at roughly kr64.00 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 this recent sale, insiders have collectively bought kr2.6m more than they sold in the last 12 months. Reported Earnings • Jul 17
Second quarter 2024 earnings released: EPS: kr0.44 (vs kr1.28 in 2Q 2023) Second quarter 2024 results: EPS: kr0.44 (down from kr1.28 in 2Q 2023). Revenue: kr2.02b (down 10% from 2Q 2023). Net income: kr90.0m (down 65% from 2Q 2023). Profit margin: 4.4% (down from 12% in 2Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to kr66.92, the stock trades at a forward P/E ratio of 25x. Average trailing P/E is 20x in the Electrical industry in the United Kingdom. Total returns to shareholders of 121% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr106 per share. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to kr53.56, the stock trades at a forward P/E ratio of 22x. Average trailing P/E is 18x in the Electrical industry in the United Kingdom. Total returns to shareholders of 110% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr85.76 per share. Board Change • Jun 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chairman of the Board Magnus Nicolin was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • May 21
Chief Marketing Officer recently bought kr140k worth of stock On the 17th of May, Lise-Lott Schönbeck bought around 3k shares on-market at roughly kr42.35 per share. This transaction amounted to 13% 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 kr1.5m more in shares than they have sold in the last 12 months. Annuncio • May 08
Hexatronic Group AB (Publ) Announces Board Appointments Hexatronic Group AB (publ) at its AGM held on May 7, 2024, approved the appointment of Diego Andersson, Linda Hernström, Magnus Nicolin and Åsa Sundberg as members of the Board of Directors. Magnus Nicolin was elected as Chairman of the Board of Directors. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to kr32.68, the stock trades at a forward P/E ratio of 13x. Average trailing P/E is 19x in the Electrical industry in the United Kingdom. Total returns to shareholders of 12% over the past three years. Annuncio • Apr 27
Hexatronic Group AB (publ) Changes in Executive Management Team Hexatronic Group AB (publ) announced two changes in the company's executive management. Jakob Skov, Head of focus area Harsh Environment, will join the company's executive management as of April 2024 and in June 2024 Pernilla Grennfelt will join Hexatronic as Head of Investor Relations and join the company's executive management. Jakob Skov joined Hexatronic in 2022 and has since then successfully led Hexatronic's focus area Harsh Environment, which in the recent year has grown into a significant part of the Group's total sales. Jakob Skov has held senior roles in several global companies that specialize in advanced fiberoptics. He holds an MSc in International Business Administration and Finance from Aarhus School of Economics. Pernilla Grennfelt will assume the role as Head of Investor Relations in June 2024. Pernilla comes most recently from a role as a partner at Cord Communications. She was previously interim Head of Investor Relations at Tele2 and has before that participated in establishing and leading Investor Relations at Gränges and ICA Gruppen. She holds an MSc in Business Administration from Gothenburg School of Business, Economics and Law. Following these changes, Hexatronic's executive management team will consist of: Henrik Larsson Lyon – CEO and President; Pernilla Lindén – CFO; Martin Åberg – Deputy CEO; Jakob Skov – Head of focus area Harsh Environment; Christian Priess – Head of Central Europe; Magnus Angermund – Head of Northern Europe; Anna Bailey – Sourcing and Supply Chain Director; Lise-Lott Schönbeck – CMO; Tomas Jendel – CTO; Pernilla Grennfelt – Head of Investor Relations. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: kr0.62 (vs kr1.10 in 1Q 2023) First quarter 2024 results: EPS: kr0.62 (down from kr1.10 in 1Q 2023). Revenue: kr1.81b (down 15% from 1Q 2023). Net income: kr62.0m (down 72% from 1Q 2023). Profit margin: 3.4% (down from 11% in 1Q 2023). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 15
Full year 2023 earnings released: EPS: kr4.18 (vs kr3.95 in FY 2022) Full year 2023 results: EPS: kr4.18 (up from kr3.95 in FY 2022). Revenue: kr8.15b (up 24% from FY 2022). Net income: kr848.0m (up 6.7% from FY 2022). Profit margin: 10% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electrical industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to kr30.50, the stock trades at a forward P/E ratio of 12x. Average trailing P/E is 16x in the Electrical industry in the United Kingdom. Total returns to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 42% After last week's 42% share price gain to kr32.81, the stock trades at a forward P/E ratio of 13x. Average trailing P/E is 17x in the Electrical industry in the United Kingdom. Total loss to shareholders of 75% over the past year. Reported Earnings • Feb 11
Full year 2023 earnings released: EPS: kr4.18 (vs kr3.95 in FY 2022) Full year 2023 results: EPS: kr4.18 (up from kr3.95 in FY 2022). Revenue: kr8.15b (up 24% from FY 2022). Net income: kr848.0m (up 6.7% from FY 2022). Profit margin: 10% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in the United Kingdom. Annuncio • Feb 09
Hexatronic Group AB (Publ) Proposes No Payment of Dividend for the Financial Year 2023 The Board of Directors of Hexatronic Group AB (publ) proposed to the Annual General Meeting that no payment of dividend will be made for the financial year 2023. New Risk • Feb 06
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.0% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. Minor Risk High level of debt (72% net debt to equity). Buy Or Sell Opportunity • Jan 31
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to kr21.20. The fair value is estimated to be kr27.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 50% over the last 3 years. Earnings per share has grown by 68%. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are forecast to decline by 3.6% per annum over the same time period. Buying Opportunity • Jan 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 46%. The fair value is estimated to be kr27.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 50% over the last 3 years. Earnings per share has grown by 68%. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings is forecast to decline by 3.6% per annum over the same time period. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to kr23.31, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 16x in the Electrical industry in the United Kingdom. Total loss to shareholders of 81% over the past year. Simply Wall St's valuation model estimates the intrinsic value at kr27.69 per share. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to kr27.75, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Electrical industry in the United Kingdom. Total loss to shareholders of 81% over the past year. Recent Insider Transactions • Dec 18
CEO & Group President recently bought kr498k worth of stock On the 15th of December, Henrik Larsson-Lyon bought around 21k shares on-market at roughly kr23.70 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Henrik has been a buyer over the last 12 months, purchasing a net total of kr2.5m worth in shares. Recent Insider Transactions • Nov 23
Deputy Chief Executive Officer recently bought kr361k worth of stock On the 21st of November, Martin Åberg bought around 20k shares on-market at roughly kr18.11 per share. This transaction increased Martin's direct individual holding by 3x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr30m more in shares than they bought in the last 12 months. New Risk • Nov 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.0% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. Minor Risk High level of debt (72% net debt to equity). Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment deteriorates as stock falls 33% After last week's 33% share price decline to kr18.13, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 17x in the Electrical industry in the United Kingdom. Total returns to shareholders of 56% over the past three years. Reported Earnings • Oct 29
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr1.94b (up 12% from 3Q 2022). Net income: kr173.0m (down 35% from 3Q 2022). Profit margin: 8.9% (down from 15% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electrical industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. New Risk • Oct 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks High level of debt (62% net debt to equity). Significant insider selling over the past 3 months (kr2.2m sold). Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to kr25.49, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 13x in the Electrical industry in the United Kingdom. Total returns to shareholders of 119% over the past three years. Annuncio • Oct 21
Hexatronic Group AB (publ), Annual General Meeting, May 07, 2024 Hexatronic Group AB (publ), Annual General Meeting, May 07, 2024. Annuncio • Sep 23
Hexatronic Group AB (Publ) Provides Earnings Guidance for the Second Half of 2023 Hexatronic Group AB (publ) provided earnings guidance for the second half of 2023. Following softer market conditions in primarily the US and Germany in the subsequent period, the company foresees a negative organic revenue growth during the second half of 2023. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to kr43.65, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Electrical industry in the United Kingdom. Total loss to shareholders of 53% over the past year. New Risk • Aug 20
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: kr2.3m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (62% net debt to equity). Share price has been volatile over the past 3 months (8.4% average weekly change). Significant insider selling over the past 3 months (kr2.3m sold). Reported Earnings • Aug 16
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr2.28b (up 37% from 2Q 2022). Net income: kr259.0m (up 37% from 2Q 2022). Profit margin: 11% (in line with 2Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electrical industry in the United Kingdom. New Risk • Jul 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor 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: Minor Risks High level of debt (69% net debt to equity). Share price has been volatile over the past 3 months (7.7% average weekly change). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr80.16, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Electrical industry in the United Kingdom. Total returns to shareholders of 5.3% over the past year. Simply Wall St's valuation model estimates the intrinsic value at kr150 per share. New Risk • Jun 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (69% net debt to equity). Share price has been volatile over the past 3 months (7.2% average weekly change). Annuncio • Jun 29
Hexatronic Group AB (publ) (OM:HTRO) signed an agreement to acquire Cortland Fibron BX Limited from Rubicon Partners. Hexatronic Group AB (publ) (OM:HTRO) signed an agreement to acquire Cortland Fibron BX Limited from Rubicon Partners on June 28, 2023. The purchase price corresponds to a fixed enterprise value of GBP 25 million, with a potential earn-out of up to GBP 7 million based on Fibron’s accumulated EBITDA for the full year of 2023. EBITDA for the current year is expected to be GBP 5.3 million, which will result in full earnout and a purchase price of GBP 32 million. This corresponds to a transaction multiple of 6.0x based on expected EBITDA for the current year and 7.4x based on EBITDA for the full year of 2022. The proposed acquisition will be fully financed through existing credit facilities from Danske bank and SEB. After completion of the transaction, Hexatronic’s proforma net debt is expected to amount to 1.5 times proforma EBITDA. Proforma net debt including lease liabilities is expected to amount to 1.8 times proforma EBITDA. The existing Fibron management team will remain in their current roles. The transaction is subject to customary closing conditions and regulatory approval under the National Security and Investment Act. The deal is expected to be completed in the latter part of the third quarter 2023. Alvarez & Marsal is serving as financial due diligence advisor to Hexatronic, White & Case is serving as legal counsel in connection with the transaction. Rubicon Partners were advised by KPMG (sell-side M&A) and Proskauer (legal). Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr74.16, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 20x in the Electrical industry in the United Kingdom. Total loss to shareholders of 2.7% over the past year. Recent Insider Transactions • May 17
Insider recently bought kr161k worth of stock On the 15th of May, Anna Bailey bought around 2k shares on-market at roughly kr73.00 per share. This transaction amounted to 6.3% 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 kr986k. Despite this recent purchase, insiders have collectively sold kr34m more in shares than they bought in the last 12 months. Annuncio • May 10
Hexatronic Group AB (publ) Approves Dividend for the Financial Year 2022 Hexatronic Group AB (publ) at its AGM held on 9 May 2023 resolved that a dividend of SEK 0.10 per share for the financial year 2022 shall be paid and that the record date for receipt of the dividend shall be 11 May 2023.