View Future GrowthBesqab 過去の業績過去 基準チェック /36Besqabの収益は年間平均-1%の割合で減少していますが、 Consumer Durables業界の収益は年間 減少しています。収益は年間1.8% 42.2%割合で 増加しています。 Besqabの自己資本利益率は4.3%であり、純利益率は5.6%です。主要情報-0.98%収益成長率-5.74%EPS成長率Consumer Durables 業界の成長-22.91%収益成長率42.24%株主資本利益率4.34%ネット・マージン5.62%前回の決算情報30 Jun 2026最近の業績更新Reported Earnings • Jul 12Second quarter 2026 earnings released: EPS: kr0.85 (vs kr0.23 loss in 2Q 2025)Second quarter 2026 results: EPS: kr0.85 (up from kr0.23 loss in 2Q 2025). Revenue: kr708.1m (up kr614.2m from 2Q 2025). Net income: kr87.7m (up kr111.3m from 2Q 2025). Profit margin: 12% (up from net loss in 2Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.お知らせ • Jun 29Besqab AB (publ) to Report First Half, 2026 Results on Jul 10, 2026Besqab AB (publ) announced that they will report first half, 2026 results on Jul 10, 2026Reported Earnings • Jun 04First quarter 2024 earnings released: kr0.94 loss per share (vs kr1.40 profit in 1Q 2023)First quarter 2024 results: kr0.94 loss per share (down from kr1.40 profit in 1Q 2023). Revenue: kr389.0m (down 22% from 1Q 2023). Net loss: kr58.5m (down 187% from profit in 1Q 2023). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany.Reported Earnings • Apr 17Full year 2023 earnings released: EPS: kr3.43 (vs kr1.59 loss in FY 2022)Full year 2023 results: EPS: kr3.43 (up from kr1.59 loss in FY 2022). Revenue: kr1.49b (up kr1.46b from FY 2022). Net income: kr168.3m (up kr230.9m from FY 2022). Profit margin: 11% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Durables industry in Germany.Reported Earnings • Nov 19Third quarter 2023 earnings released: EPS: kr1.09 (vs kr0.13 loss in 3Q 2022)Third quarter 2023 results: EPS: kr1.09 (up from kr0.13 loss in 3Q 2022). Revenue: kr437.2m (up kr431.2m from 3Q 2022). Net income: kr52.6m (up kr57.4m from 3Q 2022). Profit margin: 12% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 14% decline forecast for the Real Estate industry in Germany.Reported Earnings • Aug 28Second quarter 2023 earnings released: kr0.081 loss per share (vs kr0.28 loss in 2Q 2022)Second quarter 2023 results: kr0.081 loss per share (improved from kr0.28 loss in 2Q 2022). Revenue: kr66.6m (up kr61.1m from 2Q 2022). Net loss: kr3.88m (loss narrowed 63% from 2Q 2022). Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany.すべての更新を表示Recent updatesReported Earnings • Jul 12Second quarter 2026 earnings released: EPS: kr0.85 (vs kr0.23 loss in 2Q 2025)Second quarter 2026 results: EPS: kr0.85 (up from kr0.23 loss in 2Q 2025). Revenue: kr708.1m (up kr614.2m from 2Q 2025). Net income: kr87.7m (up kr111.3m from 2Q 2025). Profit margin: 12% (up from net loss in 2Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.お知らせ • Jun 29Besqab AB (publ) to Report First Half, 2026 Results on Jul 10, 2026Besqab AB (publ) announced that they will report first half, 2026 results on Jul 10, 2026Board Change • May 21Less than half of directors are independentFollowing 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. 5 non-independent directors. Independent Director Sara Mindus was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Mar 28Besqab AB (publ), Annual General Meeting, Apr 29, 2026Besqab AB (publ), Annual General Meeting, Apr 29, 2026, at 14:00 W. Europe Standard Time. Location: company`s premises at norra stationsgatan 69, 113 64 stockholm, stockholm Swedenお知らせ • Jan 23Besqab AB (Publ) Completes and Handover over Rental Housing Project Completes and HandoverBesqab AB (publ) has completed and handed over a rental housing project comprising 111 apartments in Taby to the buyer, Patrizia. The handover was completed in line with the agreed schedule. Besqab has finalized and delivered another project included in the portfolio of rental housing developments divested to the global asset manager Patrizia in June 2022. The project consists of 111 rental apartments within the development area Viggby Angar in Taby. According to the agreement, the buyer takes possession of each housing project upon completion. The completed projects have been handed over as scheduled.お知らせ • Dec 19Besqab Commences Construction of 70 New Homes At Norrberget in VaxholmBesqab AB (publ) is starting the construction of 70 homes in Storgarden, the fourth development phase at Norrberget in Vaxholm. The construction will be carried out as a dividend contract with Besqab's own site management. The homes are expected to be ready for occupancy in early 2028. Storgarden comprises four buildings with a total of 70 new apartments. It is the fourth phase of the Norrberget development area, which will ultimately include five residential blocks with approximately 230 homes, as well as a preschool and a special housing facility. Construction will be carried out as a split contract with Besqab's's own site management, like previous phases at Norrberget. Storgarden is expected to be completed in 2028.お知らせ • Nov 08Besqab Announces Management ChangesBesqab AB announced changes in the Management team. Hanna Bodbacka becomes Head of Operations Development with responsibility for sustainability, project planning, purchasing and digitalization. Sara Vesterlund takes over as Head of Business Development and Anna Åkerlund leaves the Management team to focus on the role of Head of Investment Relations. Hanna Bodbacka, previously Head of Sustainability, will become Head of Operations Development. The aim is to further strengthen the integration of sustainability in all project operations and to increase efficiency in all processes and working methods through AI and digitalization. Anna Åkerlund, former Head of IR, Communications and HR, is moving to the role of Head of IR. Responsibility for HR and Communications is dividend between Malin Semb-Josefson, newly recruited HR Manager, and Communications Manager Christina Durling. All report to the Management team. By November 7, 2025, the Besqab Group Management will be: Magnus Andersson, CEO. Hanna Bodbacka, Head of Operations Development. Emmy Fredenklo, Head of Legal. David Johansson, COO. Magnus Sundell, CFO. Anna Slåtteby, Head of Sales and Marketing. Sara Vesterlund, Head of Business Development.お知らせ • Oct 02Besqab AB (publ) (OM:BESQAB) entered into an agreement to acquire Stanford 1 in Hagastaden, Stockholm from Atrium Ljungberg AB (publ) (OM:ATRLJ B) for approximately SEK 820 million.Besqab AB (publ) (OM:BESQAB) entered into an agreement to acquire Stanford 1 in Hagastaden, Stockholm from Atrium Ljungberg AB (publ) (OM:ATRLJ B) for approximately SEK 820 million on September 30, 2025. A cash consideration of SEK 818 million will be paid by Besqab AB (publ).お知らせ • Aug 28Besqab AB (publ) to Develop 140 New Homes at Hagernas Strand in TabyBesqab AB (publ) is planning approximately 140 new residential units in a highly attractive seaside location at Hagernas Strand in Taby Municipality. The zoning plan has now gained legal force, and construction of the homes - developed in accordance with the Nordic Swan Ecolabel - is scheduled to begin in 2026.お知らせ • Aug 22Besqab AB (publ) Announces Zoning Plan for Saltangen Project in NackaThe zoning plan for Besqab AB's (publ) Saltangen project in Nacka has now gained legal force. Construction of the approximately 50 new homes is expected to begin in 2026. The zoning plan for the Saltangen project in NACKa was legally approved during the summer of 2025. The project is located in an established residential area with both single-family homes and apartment buildings, near Ektorp Centrum. Designed by Bergkrantz Arkitektur AB, the development includes two buildings with approximately 50 new apartments, carefully designed to blend in with the surrounding architecture. Construction is scheduled to start in 2026.お知らせ • Jun 13Besqab AB (publ) Begins Construction of Final Phase of Viggby Angar Housing Project in TabyBesqab AB (publ) has commenced construction of fifteen new townhouses, marking the fourth and final phase of the Viggby Angar development area in Taby. The construction is being carried out as a turnkey contract, with Bergschold & Holm responsible for groundwork and Active Bygg handling the building construction. The homes, designed to meet Energy Class B and Nordic Swan Ecolabel (Generation 4) standards, are expected to be ready for occupancy by summer 2026. The fourth phase of Viggby Angar consists of fifteen unique townhouses designed by Belatchew Architects. The construction is being carried up as a turnkey contract, With Bergschold &Holm responsible for groundwork and Active bygg for the building construction. Occupancy is expected in summer 2026, at which point the entire Viggby Angar area will be completed, comprising 274 newly built homes in both rental and cooperative formats, including single-family homes and apartment buildings. Sustainability has been a key focus in the planning of the townhouses, which are being built to meet Energy Class B andN Nordic Swan Ecolabel (generation 4) standards. The houses are arranged in two rows, with green roofs on one side and fully integrated solar panels on the other. The target climate footprint is 110 kg CO2e/sqm. The houses are insulated with wood fiber, built without steel beams or columns in the load-bearing structure, and use climate-improved concrete for the foundation. They are designed for flexibility, allowing for the addition of one to three bedrooms, and a walkway between the rows encourages social interaction. Reused brick and natural stone are used for exterior ground covering, and each household will have an electric car charger and a planter box with stormwater delay functionality.お知らせ • Jun 05Besqab AB (publ) Begins Construction of 38 New Seaside Homes in VaxholmBesqab AB (publ) has started construction of 38 new homes in the Berghallen project, which represents the third phase of the Norrberget development area in Vaxholm. The construction is being carried out as a divided contract under Besqab's management, and the homes are expected to be ready for first occupancy in early 2027. Berghallen, the third phase of Besqab's new development area Norrberget in Vaxholm, includes 38 apartments distributed across two multi-family buildings and three terrraced houses. In total, Norrberget will comprise approximately 250 new homes, spread across five blocks. The architecture is inspired by the existing buildings in old Vaxholm, featuring wooden facades and traditional colors. The attractive location with views over Vaxholmsfjarden has been utilized through window placement, dormers, and balconies. The project is being carried out as a split contract under besqab's management. The homes are being built to meet the Nordic Swan Ecolabel certification (version 3) and are expected to achieve energy class B. Sales have begun, and the first move-ins are expected in early 2027.お知らせ • May 07Besqab AB (publ) Approves Board ChangesBesqab AB (publ) announced that at its AGM held on 7 May 2025, resolved, in accordance with the nomination committee's proposal, to elect Louise Eklund as new director. Alexander Alm-Pandeya has declined re-election.お知らせ • Apr 08Besqab AB (publ), Annual General Meeting, May 07, 2025Besqab AB (publ), Annual General Meeting, May 07, 2025. Location: baker mckenzie advokatbyra at vasagatan 7, 101 23 stockholm, Australiaお知らせ • Mar 28Besqab AB (publ) Completes and Delivers Rental Housing Project in Huddinge to PatriziaBesqab AB (publ) has completed and delivered a rental housing project with four apartment buildings in Huddinge to Patrizia. The handover is in accordance with the time schedule. Besqab AB has completed and delivered another project in the portfolio of rental housing projects that were sold to Patrizia in June 2022. The project comprises 156 apartments in Huddinge. In June 2022, Aros Bostad (now Besqab) sold a larger portfolio of rental housing projects to the global asset manager Patrizia. The portfolio included projects in Danderyd, Huddinge, Taby, and Solna. According to the agreement, the buyer will take possession of each housing project upon completion. In October 2024, the first project, located in Danderyd, was handed over. The completed projects have been delivered in accordance with the time schedules.お知らせ • Feb 15Besqab AB (Publ) Is Building 22 New Homes in Vallingby in StockholmBesqab AB (publ) started the housing project with a ceremony. The project includes 22 new townhouses in Vallingby in Stockholm. The 22 new townhouses adds a new block in an already established area. Vemdalsgatan is a child-friendly area close to the metro, schools and shops. The homes will be completed in autumn 2026. The houses are built according to the Swan eco label.お知らせ • Jan 23Besqab AB (Publ) Launches New Residential Project with Townhouses in StockholmBesqab AB (publ) is starting the production of 22 new homes in the Glimten project, which constitutes the final part of Vallingby Parkstad in Stockholm Municipality. Turnkey contracts have been signed with Derome for house production and with Nator for groundworks. Sales have begun with large interest from the market. Glimten includes the new construction of 20 townhouses and two semi-detached houses, all three stories high with wooden facades and roof terraces. The homes are being built in line with the Nordic Swan Label, with energy class B and green concrete in the foundation slab. The project, which is the final phase of the new production area Vallingby Parkstad, is located in Racksta in Stockholm Municipality. Sales of Besqab's homes began in November 2024, and handover to customer is expected to take place in the summer of 2026.お知らせ • Dec 18Besqab AB (publ) Starts the Production of a Wooded Building with 76 New Residential Apartments in DanderydBesqab AB (publ) starts production of 76 new tenant-owned apartments in the Hertha project next to Danderyd Hospital. The building will be constructed with the facade and frame entirely made of wood. Contracts have been signed with Lindbäcks Bygg for the building construction and with Bergschöld & Holm for the site development and foundation work. Hertha has been designed by the architectural firm Hermansson, Hiller & Lundberg and will include 76 condominium apartments in a building with frames and facades made entirely of wood. Construction contracts have been signed with Lindbäcks Bygg for the building's construction and with Bergschöld & Holm for foundation work and site development. Production will commence in the fourth quarter of 2024, and the project is expected to be completed in the first half of 2026.New Risk • Oct 18New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.7% Last year net profit margin: 3.6% 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. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (112% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin).New Risk • Sep 15New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.7% Last year net profit margin: 3.6% 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. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (112% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin).お知らせ • Aug 19Besqab AB (publ) Announces CFO ChangesBesqab AB (publ) has recruited Magnus Sundell as the new CFO. Sundell, who has over 25 years of experience in senior positions within the real estate industry, succeeds Anna Jepson and will join the group management team. Magnus Sundell most recently served as Deputy CEO at SIBS AB, a company focused on industrial housing production. He holds a Bachelor of Science in Finance from Uppsala University and has previously held senior positions at several real estate companies, including GE Real Estate and Stendörren Fastigheter. Sundell will begin his role as CFO at Besqab on 1 September and will immediately join Besqab's group management as CFO. He succeeds Anna Jepson, who will leave the group after a transition period to take on the role of CFO at Atrium Ljungberg.お知らせ • Jun 13Besqab AB (Publ) Develops More Residential Apartments At Invernesshojden in DanderydBesqab AB's (publ) CEO Magnus Andersson has initiated another phase of new residential apartments in the development project Invernesshojden in Danderyd. Together with Hanna Bocander, Chairman of the Municipal Board in Danderyd, and NCC's Production Manager Sara Albrecht, the last support layer for the basement floor was put in place. The project Invernesshoj den started in 2018 and now the third phase starts. Earlier stages include both condominiums and rental properties and when the entire area is ready, approximately 480 new homes, spread over four stages, have been added to the Inverness area in Danderyd.New Risk • Jun 10New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 243% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.7% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (110% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (€8.6m sold).New Risk • Jun 09New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €8.6m 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 Risks Interest payments are not well covered by earnings (1.0x net interest cover). Shareholders have been substantially diluted in the past year (110% increase in shares outstanding). Minor Risk Significant insider selling over the past 3 months (€8.6m sold).New Risk • Jun 07New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 110% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Shareholders have been substantially diluted in the past year (110% increase in shares outstanding).Reported Earnings • Jun 04First quarter 2024 earnings released: kr0.94 loss per share (vs kr1.40 profit in 1Q 2023)First quarter 2024 results: kr0.94 loss per share (down from kr1.40 profit in 1Q 2023). Revenue: kr389.0m (down 22% from 1Q 2023). Net loss: kr58.5m (down 187% from profit in 1Q 2023). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany.Reported Earnings • Apr 17Full year 2023 earnings released: EPS: kr3.43 (vs kr1.59 loss in FY 2022)Full year 2023 results: EPS: kr3.43 (up from kr1.59 loss in FY 2022). Revenue: kr1.49b (up kr1.46b from FY 2022). Net income: kr168.3m (up kr230.9m from FY 2022). Profit margin: 11% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Durables industry in Germany.お知らせ • Feb 02Aros Bostadsutveckling AB (publ) (OM:AROS) made an offer to acquire Besqab AB (publ) (OM:BESQ) from a group of shareholders for SEK 1.8 billion.Aros Bostadsutveckling AB (publ) (OM:AROS) made an offer to acquire Besqab AB (publ) (OM:BESQ) from a group of shareholders for SEK 1.8 billion on January 31, 2024. The consideration for the shareholders in Besqab are offered 1.0417 newly issued common shares and 0.0718 newly issued series B preference shares in Aros Bostad for each existing share in Besqab. The total value of the Offer, based on all outstanding shares in Besqab, amounts to approximately SEK 1.86 billion, equivalent to approximately SEK 40.2 per share in Besqab. If Besqab were to pay dividends or carry out another value transfer before the settlement of the Offer the consideration in the Offer would be reduced accordingly. Assuming full acceptance of the Offer, Aros Bostad will issue approximately 48.1 million new common shares and approximately 3.2 million new series B preference shares. At full acceptance of the Offer, Aros Bostad’s shareholders will hold approximately 53% of the votes and Besqab’s shareholders will hold approximately 47% of the total votes in the New Company and the New Company is proposed to be named Besqab AB (publ). Aros Bostad has obtained irrevocable undertakings and declarations of intent to accept the Offer from shareholders in Besqab representing approximately 73% of the votes and capital in Besqab. Family Douglas (company incl.), Olle Engkvists stiftelse, Sven Jemsten with family (company incl.), Carl Wale with family, Paradeigma Partners AB, Kristian Wale with family (company incl.), Lars Öberg with family (company incl.), Paradigm Capital Value and AB Tuna Holding, representing approximately 36% of the votes and capital in Besqab, have entered irrevocable undertakings to accept the Offer. Additionally, family Nordström (company incl.), whose holdings together represents approximately 37% of the votes and capital in Besqab. Magnus Andersson will become CEO and Anna Jepson will become CFO of the New Company, and the intention is that the New Company’s senior executive management will consist of members from both Aros Bostad’s and Besqab’s current senior management teams, which secure continuity and an experienced and competent senior executive management. The board of directors of Besqab unanimously recommends the shareholders of Besqab to accept the Offer. The transaction is subject to Offer being accepted to such an extent that Aros Bostad becomes the owner of more than 90% of all outstanding shares in Besqab (at full dilution), if Aros Bostad undertakes to not complete the Offer if it is not accepted to that extent; approval of the shareholders of Aros Bostad at extraordinary general meeting held on February 16, 2024; Besqab does not resolve to issue shares or other securities in Besqab; any and all necessary regulatory authorisations, approvals, decisions and other actions required from authorities with respect to the Offer and for the completion of the acquisition obtained on terms acceptable to Aros Bostad; and the Offer is not rendered wholly or partly made impossible or significantly impeded as a result of any legislation or other regulation, court decision or order, governmental decision or any similar circumstance which is actual or reasonably foreseeable and which Aros Bostad could not have foreseen at the time of the announcement of the Offer. The acceptance period for the Offer is expected to commence on February 20, 2024 and conclude on March 12, 2024. The board of directors obtained fairness opinion from Öhrlings PricewaterhouseCoopers AB for recommendation. Aros Bostad has retained SEB Corporate Finance as financial advisor and Baker McKenzie as legal advisor in connection with the Offer.Board Change • Feb 01Insufficient new directorsThere 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. 3 highly experienced directors. Director Joakim Alm was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.New Risk • Jan 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% 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 High level of non-cash earnings (25% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding).Reported Earnings • Nov 19Third quarter 2023 earnings released: EPS: kr1.09 (vs kr0.13 loss in 3Q 2022)Third quarter 2023 results: EPS: kr1.09 (up from kr0.13 loss in 3Q 2022). Revenue: kr437.2m (up kr431.2m from 3Q 2022). Net income: kr52.6m (up kr57.4m from 3Q 2022). Profit margin: 12% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 14% decline forecast for the Real Estate industry in Germany.お知らせ • Oct 20An unknown fund managed by CBRE Investment Management, LLC acquired residential asset in Täby, Greater Stockholm, Sweden from Aros Bostadsutveckling AB (publ) (OM:AROS).An unknown fund managed by CBRE Investment Management, LLC acquired residential asset in Täby, Greater Stockholm, Sweden from Aros Bostadsutveckling AB (publ) (OM:AROS) on October 18, 2023. An unknown fund managed by CBRE Investment Management, LLC completed the acquisition of residential asset in Täby, Greater Stockholm, Sweden from Aros Bostadsutveckling AB (publ) (OM:AROS) on October 18, 2023.Reported Earnings • Aug 28Second quarter 2023 earnings released: kr0.081 loss per share (vs kr0.28 loss in 2Q 2022)Second quarter 2023 results: kr0.081 loss per share (improved from kr0.28 loss in 2Q 2022). Revenue: kr66.6m (up kr61.1m from 2Q 2022). Net loss: kr3.88m (loss narrowed 63% from 2Q 2022). Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany.New Risk • Jul 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.6% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (40% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding).Reported Earnings • Feb 18Full year 2022 earnings released: kr1.59 loss per share (vs kr1.27 profit in FY 2021)Full year 2022 results: kr1.59 loss per share (down from kr1.27 profit in FY 2021). Net loss: kr62.6m (down 240% from profit in FY 2021). Revenue is forecast to grow 58% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany.お知らせ • Feb 17+ 1 more updateAros Bostadsutveckling AB (publ) Announces CFO Changes, Effective 1 March 2023Aros Bostadsutveckling AB publ has appointed Maja Dahlén as new CFO for the business as of 1 March 2023. Maja Dahlén has worked at Aros Bostad since 2017, of which the three last years as Financial Director. Maja replaces Ken Wendelin, who leaves the company, and takes position in the management team as of 1 March 2023. The role as Financial Director is assumed by Alexander Kjäll, who has chosen to come back to Aros Bostad after a couple of years outside the company. Aros Bostad's current CFO and deputy CEO Ken Wendelin will, as previously announced, start a newengagement outside the group. Ken will however work for Aros Bostad until 30 April, to secure that Aros Bostad's new CFO and Head of Finance and Transaction are getting into their new roles.Reported Earnings • Nov 19Third quarter 2022 earnings released: kr0.13 loss per share (vs kr0.028 profit in 3Q 2021)Third quarter 2022 results: kr0.13 loss per share (down from kr0.028 profit in 3Q 2021). Net loss: kr4.81m (down kr5.87m from profit in 3Q 2021). Revenue is forecast to grow 64% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany.Valuation Update With 7 Day Price Move • May 19Investor sentiment improved over the past weekAfter last week's 24% share price gain to €5.76, the stock trades at a trailing P/E ratio of 51.8x. Average forward P/E is 8x in the Real Estate industry in Germany.Recent Insider Transactions • Mar 24CFO & Deputy CEO recently bought €33k worth of stockOn the 15th of March, Ken Wendelin bought around 6k shares on-market at roughly €5.49 per share. In the last 3 months, they made an even bigger purchase worth €36k. Ken has been a buyer over the last 12 months, purchasing a net total of €144k worth in shares.Recent Insider Transactions • Mar 23CFO & Deputy CEO recently bought €33k worth of stockOn the 15th of March, Ken Wendelin bought around 6k shares on-market at roughly €5.49 per share. In the last 3 months, they made an even bigger purchase worth €36k. Ken has been a buyer over the last 12 months, purchasing a net total of €144k worth in shares.Reported Earnings • Feb 28Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: kr1.27 (up from kr1.25 loss in FY 2020). Revenue: kr104.9m (up kr89.8m from FY 2020). Net income: kr44.6m (up kr84.9m from FY 2020). Profit margin: 43% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 120% compared to a 27% decline forecast for the industry in Germany.Recent Insider Transactions • Dec 03Founder & Director recently bought €109k worth of stockOn the 29th of November, Samir Taha bought around 20k shares on-market at roughly €5.45 per share. This was the largest purchase by an insider in the last 3 months. Samir has been a buyer over the last 12 months, purchasing a net total of €126k worth in shares.Reported Earnings • Dec 01Third quarter 2021 earnings: Revenues exceed analyst expectationsThird quarter 2021 results: Revenue: kr10.7m (up 67% from 3Q 2020). Net income: kr1.06m (up kr13.6m from 3Q 2020). Profit margin: 9.9% (up from net loss in 3Q 2020). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 53%. Over the next year, revenue is forecast to grow 98% compared to a 36% decline forecast for the industry in Germany.Reported Earnings • Sep 01Second quarter 2021 earnings released: kr0.42 loss per share (vs kr0.59 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: kr18.1m (up kr17.5m from 2Q 2020). Net loss: kr13.6m (loss narrowed 28% from 2Q 2020).収支内訳Besqab の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史DB:9HZ 収益、費用、利益 ( )SEK Millions日付収益収益G+A経費研究開発費30 Jun 262,097118173031 Mar 261,4827179031 Dec 25836-112197030 Sep 251,024-55208030 Jun 251,7337214031 Mar 253,07328229031 Dec 243,37640222030 Sep 243,35143195030 Jun 242,74847174031 Mar 241,38146142031 Dec 231,488168114030 Sep 231,00578130030 Jun 2357421139031 Mar 2351314126031 Dec 2225-63118030 Sep 2228-2488030 Jun 2232-1867031 Mar 2245-2258031 Dec 211054550030 Sep 211004746030 Jun 21973444031 Mar 21802937031 Dec 2016-4036030 Sep 2021-5539030 Jun 2014-3542031 Mar 2024250031 Dec 19271048030 Sep 19251848030 Jun 1932957031 Mar 1932-445031 Dec 1836-144030 Sep 1837-1939030 Jun 1833-2423031 Mar 1837-920031 Dec 17421317031 Dec 1627-67031 Dec 1513-320質の高い収益: 9HZ 非現金収入 のレベルが高いです。利益率の向上: 9HZの現在の純利益率 (5.6%)は、昨年(0.4%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 9HZの収益は過去 5 年間で年間1%減少しました。成長の加速: 9HZの過去 1 年間の収益成長率 ( 1633.8% ) は、5 年間の平均 ( 年間-1%を上回っています。収益対業界: 9HZの過去 1 年間の収益成長率 ( 1633.8% ) はConsumer Durables業界10.8%を上回りました。株主資本利益率高いROE: 9HZの 自己資本利益率 ( 4.3% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YConsumer-durables 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/09 11:14終値2026/08/07 00:00収益2026/06/30年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Besqab AB (publ) 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Erik GranströmDNB CarnegieMathias CarlsonDNB Carnegie Commissioned Research
Reported Earnings • Jul 12Second quarter 2026 earnings released: EPS: kr0.85 (vs kr0.23 loss in 2Q 2025)Second quarter 2026 results: EPS: kr0.85 (up from kr0.23 loss in 2Q 2025). Revenue: kr708.1m (up kr614.2m from 2Q 2025). Net income: kr87.7m (up kr111.3m from 2Q 2025). Profit margin: 12% (up from net loss in 2Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
お知らせ • Jun 29Besqab AB (publ) to Report First Half, 2026 Results on Jul 10, 2026Besqab AB (publ) announced that they will report first half, 2026 results on Jul 10, 2026
Reported Earnings • Jun 04First quarter 2024 earnings released: kr0.94 loss per share (vs kr1.40 profit in 1Q 2023)First quarter 2024 results: kr0.94 loss per share (down from kr1.40 profit in 1Q 2023). Revenue: kr389.0m (down 22% from 1Q 2023). Net loss: kr58.5m (down 187% from profit in 1Q 2023). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany.
Reported Earnings • Apr 17Full year 2023 earnings released: EPS: kr3.43 (vs kr1.59 loss in FY 2022)Full year 2023 results: EPS: kr3.43 (up from kr1.59 loss in FY 2022). Revenue: kr1.49b (up kr1.46b from FY 2022). Net income: kr168.3m (up kr230.9m from FY 2022). Profit margin: 11% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Durables industry in Germany.
Reported Earnings • Nov 19Third quarter 2023 earnings released: EPS: kr1.09 (vs kr0.13 loss in 3Q 2022)Third quarter 2023 results: EPS: kr1.09 (up from kr0.13 loss in 3Q 2022). Revenue: kr437.2m (up kr431.2m from 3Q 2022). Net income: kr52.6m (up kr57.4m from 3Q 2022). Profit margin: 12% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 14% decline forecast for the Real Estate industry in Germany.
Reported Earnings • Aug 28Second quarter 2023 earnings released: kr0.081 loss per share (vs kr0.28 loss in 2Q 2022)Second quarter 2023 results: kr0.081 loss per share (improved from kr0.28 loss in 2Q 2022). Revenue: kr66.6m (up kr61.1m from 2Q 2022). Net loss: kr3.88m (loss narrowed 63% from 2Q 2022). Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany.
Reported Earnings • Jul 12Second quarter 2026 earnings released: EPS: kr0.85 (vs kr0.23 loss in 2Q 2025)Second quarter 2026 results: EPS: kr0.85 (up from kr0.23 loss in 2Q 2025). Revenue: kr708.1m (up kr614.2m from 2Q 2025). Net income: kr87.7m (up kr111.3m from 2Q 2025). Profit margin: 12% (up from net loss in 2Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
お知らせ • Jun 29Besqab AB (publ) to Report First Half, 2026 Results on Jul 10, 2026Besqab AB (publ) announced that they will report first half, 2026 results on Jul 10, 2026
Board Change • May 21Less than half of directors are independentFollowing 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. 5 non-independent directors. Independent Director Sara Mindus was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Mar 28Besqab AB (publ), Annual General Meeting, Apr 29, 2026Besqab AB (publ), Annual General Meeting, Apr 29, 2026, at 14:00 W. Europe Standard Time. Location: company`s premises at norra stationsgatan 69, 113 64 stockholm, stockholm Sweden
お知らせ • Jan 23Besqab AB (Publ) Completes and Handover over Rental Housing Project Completes and HandoverBesqab AB (publ) has completed and handed over a rental housing project comprising 111 apartments in Taby to the buyer, Patrizia. The handover was completed in line with the agreed schedule. Besqab has finalized and delivered another project included in the portfolio of rental housing developments divested to the global asset manager Patrizia in June 2022. The project consists of 111 rental apartments within the development area Viggby Angar in Taby. According to the agreement, the buyer takes possession of each housing project upon completion. The completed projects have been handed over as scheduled.
お知らせ • Dec 19Besqab Commences Construction of 70 New Homes At Norrberget in VaxholmBesqab AB (publ) is starting the construction of 70 homes in Storgarden, the fourth development phase at Norrberget in Vaxholm. The construction will be carried out as a dividend contract with Besqab's own site management. The homes are expected to be ready for occupancy in early 2028. Storgarden comprises four buildings with a total of 70 new apartments. It is the fourth phase of the Norrberget development area, which will ultimately include five residential blocks with approximately 230 homes, as well as a preschool and a special housing facility. Construction will be carried out as a split contract with Besqab's's own site management, like previous phases at Norrberget. Storgarden is expected to be completed in 2028.
お知らせ • Nov 08Besqab Announces Management ChangesBesqab AB announced changes in the Management team. Hanna Bodbacka becomes Head of Operations Development with responsibility for sustainability, project planning, purchasing and digitalization. Sara Vesterlund takes over as Head of Business Development and Anna Åkerlund leaves the Management team to focus on the role of Head of Investment Relations. Hanna Bodbacka, previously Head of Sustainability, will become Head of Operations Development. The aim is to further strengthen the integration of sustainability in all project operations and to increase efficiency in all processes and working methods through AI and digitalization. Anna Åkerlund, former Head of IR, Communications and HR, is moving to the role of Head of IR. Responsibility for HR and Communications is dividend between Malin Semb-Josefson, newly recruited HR Manager, and Communications Manager Christina Durling. All report to the Management team. By November 7, 2025, the Besqab Group Management will be: Magnus Andersson, CEO. Hanna Bodbacka, Head of Operations Development. Emmy Fredenklo, Head of Legal. David Johansson, COO. Magnus Sundell, CFO. Anna Slåtteby, Head of Sales and Marketing. Sara Vesterlund, Head of Business Development.
お知らせ • Oct 02Besqab AB (publ) (OM:BESQAB) entered into an agreement to acquire Stanford 1 in Hagastaden, Stockholm from Atrium Ljungberg AB (publ) (OM:ATRLJ B) for approximately SEK 820 million.Besqab AB (publ) (OM:BESQAB) entered into an agreement to acquire Stanford 1 in Hagastaden, Stockholm from Atrium Ljungberg AB (publ) (OM:ATRLJ B) for approximately SEK 820 million on September 30, 2025. A cash consideration of SEK 818 million will be paid by Besqab AB (publ).
お知らせ • Aug 28Besqab AB (publ) to Develop 140 New Homes at Hagernas Strand in TabyBesqab AB (publ) is planning approximately 140 new residential units in a highly attractive seaside location at Hagernas Strand in Taby Municipality. The zoning plan has now gained legal force, and construction of the homes - developed in accordance with the Nordic Swan Ecolabel - is scheduled to begin in 2026.
お知らせ • Aug 22Besqab AB (publ) Announces Zoning Plan for Saltangen Project in NackaThe zoning plan for Besqab AB's (publ) Saltangen project in Nacka has now gained legal force. Construction of the approximately 50 new homes is expected to begin in 2026. The zoning plan for the Saltangen project in NACKa was legally approved during the summer of 2025. The project is located in an established residential area with both single-family homes and apartment buildings, near Ektorp Centrum. Designed by Bergkrantz Arkitektur AB, the development includes two buildings with approximately 50 new apartments, carefully designed to blend in with the surrounding architecture. Construction is scheduled to start in 2026.
お知らせ • Jun 13Besqab AB (publ) Begins Construction of Final Phase of Viggby Angar Housing Project in TabyBesqab AB (publ) has commenced construction of fifteen new townhouses, marking the fourth and final phase of the Viggby Angar development area in Taby. The construction is being carried out as a turnkey contract, with Bergschold & Holm responsible for groundwork and Active Bygg handling the building construction. The homes, designed to meet Energy Class B and Nordic Swan Ecolabel (Generation 4) standards, are expected to be ready for occupancy by summer 2026. The fourth phase of Viggby Angar consists of fifteen unique townhouses designed by Belatchew Architects. The construction is being carried up as a turnkey contract, With Bergschold &Holm responsible for groundwork and Active bygg for the building construction. Occupancy is expected in summer 2026, at which point the entire Viggby Angar area will be completed, comprising 274 newly built homes in both rental and cooperative formats, including single-family homes and apartment buildings. Sustainability has been a key focus in the planning of the townhouses, which are being built to meet Energy Class B andN Nordic Swan Ecolabel (generation 4) standards. The houses are arranged in two rows, with green roofs on one side and fully integrated solar panels on the other. The target climate footprint is 110 kg CO2e/sqm. The houses are insulated with wood fiber, built without steel beams or columns in the load-bearing structure, and use climate-improved concrete for the foundation. They are designed for flexibility, allowing for the addition of one to three bedrooms, and a walkway between the rows encourages social interaction. Reused brick and natural stone are used for exterior ground covering, and each household will have an electric car charger and a planter box with stormwater delay functionality.
お知らせ • Jun 05Besqab AB (publ) Begins Construction of 38 New Seaside Homes in VaxholmBesqab AB (publ) has started construction of 38 new homes in the Berghallen project, which represents the third phase of the Norrberget development area in Vaxholm. The construction is being carried out as a divided contract under Besqab's management, and the homes are expected to be ready for first occupancy in early 2027. Berghallen, the third phase of Besqab's new development area Norrberget in Vaxholm, includes 38 apartments distributed across two multi-family buildings and three terrraced houses. In total, Norrberget will comprise approximately 250 new homes, spread across five blocks. The architecture is inspired by the existing buildings in old Vaxholm, featuring wooden facades and traditional colors. The attractive location with views over Vaxholmsfjarden has been utilized through window placement, dormers, and balconies. The project is being carried out as a split contract under besqab's management. The homes are being built to meet the Nordic Swan Ecolabel certification (version 3) and are expected to achieve energy class B. Sales have begun, and the first move-ins are expected in early 2027.
お知らせ • May 07Besqab AB (publ) Approves Board ChangesBesqab AB (publ) announced that at its AGM held on 7 May 2025, resolved, in accordance with the nomination committee's proposal, to elect Louise Eklund as new director. Alexander Alm-Pandeya has declined re-election.
お知らせ • Apr 08Besqab AB (publ), Annual General Meeting, May 07, 2025Besqab AB (publ), Annual General Meeting, May 07, 2025. Location: baker mckenzie advokatbyra at vasagatan 7, 101 23 stockholm, Australia
お知らせ • Mar 28Besqab AB (publ) Completes and Delivers Rental Housing Project in Huddinge to PatriziaBesqab AB (publ) has completed and delivered a rental housing project with four apartment buildings in Huddinge to Patrizia. The handover is in accordance with the time schedule. Besqab AB has completed and delivered another project in the portfolio of rental housing projects that were sold to Patrizia in June 2022. The project comprises 156 apartments in Huddinge. In June 2022, Aros Bostad (now Besqab) sold a larger portfolio of rental housing projects to the global asset manager Patrizia. The portfolio included projects in Danderyd, Huddinge, Taby, and Solna. According to the agreement, the buyer will take possession of each housing project upon completion. In October 2024, the first project, located in Danderyd, was handed over. The completed projects have been delivered in accordance with the time schedules.
お知らせ • Feb 15Besqab AB (Publ) Is Building 22 New Homes in Vallingby in StockholmBesqab AB (publ) started the housing project with a ceremony. The project includes 22 new townhouses in Vallingby in Stockholm. The 22 new townhouses adds a new block in an already established area. Vemdalsgatan is a child-friendly area close to the metro, schools and shops. The homes will be completed in autumn 2026. The houses are built according to the Swan eco label.
お知らせ • Jan 23Besqab AB (Publ) Launches New Residential Project with Townhouses in StockholmBesqab AB (publ) is starting the production of 22 new homes in the Glimten project, which constitutes the final part of Vallingby Parkstad in Stockholm Municipality. Turnkey contracts have been signed with Derome for house production and with Nator for groundworks. Sales have begun with large interest from the market. Glimten includes the new construction of 20 townhouses and two semi-detached houses, all three stories high with wooden facades and roof terraces. The homes are being built in line with the Nordic Swan Label, with energy class B and green concrete in the foundation slab. The project, which is the final phase of the new production area Vallingby Parkstad, is located in Racksta in Stockholm Municipality. Sales of Besqab's homes began in November 2024, and handover to customer is expected to take place in the summer of 2026.
お知らせ • Dec 18Besqab AB (publ) Starts the Production of a Wooded Building with 76 New Residential Apartments in DanderydBesqab AB (publ) starts production of 76 new tenant-owned apartments in the Hertha project next to Danderyd Hospital. The building will be constructed with the facade and frame entirely made of wood. Contracts have been signed with Lindbäcks Bygg for the building construction and with Bergschöld & Holm for the site development and foundation work. Hertha has been designed by the architectural firm Hermansson, Hiller & Lundberg and will include 76 condominium apartments in a building with frames and facades made entirely of wood. Construction contracts have been signed with Lindbäcks Bygg for the building's construction and with Bergschöld & Holm for foundation work and site development. Production will commence in the fourth quarter of 2024, and the project is expected to be completed in the first half of 2026.
New Risk • Oct 18New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.7% Last year net profit margin: 3.6% 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. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (112% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin).
New Risk • Sep 15New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.7% Last year net profit margin: 3.6% 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. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (112% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin).
お知らせ • Aug 19Besqab AB (publ) Announces CFO ChangesBesqab AB (publ) has recruited Magnus Sundell as the new CFO. Sundell, who has over 25 years of experience in senior positions within the real estate industry, succeeds Anna Jepson and will join the group management team. Magnus Sundell most recently served as Deputy CEO at SIBS AB, a company focused on industrial housing production. He holds a Bachelor of Science in Finance from Uppsala University and has previously held senior positions at several real estate companies, including GE Real Estate and Stendörren Fastigheter. Sundell will begin his role as CFO at Besqab on 1 September and will immediately join Besqab's group management as CFO. He succeeds Anna Jepson, who will leave the group after a transition period to take on the role of CFO at Atrium Ljungberg.
お知らせ • Jun 13Besqab AB (Publ) Develops More Residential Apartments At Invernesshojden in DanderydBesqab AB's (publ) CEO Magnus Andersson has initiated another phase of new residential apartments in the development project Invernesshojden in Danderyd. Together with Hanna Bocander, Chairman of the Municipal Board in Danderyd, and NCC's Production Manager Sara Albrecht, the last support layer for the basement floor was put in place. The project Invernesshoj den started in 2018 and now the third phase starts. Earlier stages include both condominiums and rental properties and when the entire area is ready, approximately 480 new homes, spread over four stages, have been added to the Inverness area in Danderyd.
New Risk • Jun 10New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 243% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.7% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (110% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (€8.6m sold).
New Risk • Jun 09New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €8.6m 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 Risks Interest payments are not well covered by earnings (1.0x net interest cover). Shareholders have been substantially diluted in the past year (110% increase in shares outstanding). Minor Risk Significant insider selling over the past 3 months (€8.6m sold).
New Risk • Jun 07New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 110% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Shareholders have been substantially diluted in the past year (110% increase in shares outstanding).
Reported Earnings • Jun 04First quarter 2024 earnings released: kr0.94 loss per share (vs kr1.40 profit in 1Q 2023)First quarter 2024 results: kr0.94 loss per share (down from kr1.40 profit in 1Q 2023). Revenue: kr389.0m (down 22% from 1Q 2023). Net loss: kr58.5m (down 187% from profit in 1Q 2023). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany.
Reported Earnings • Apr 17Full year 2023 earnings released: EPS: kr3.43 (vs kr1.59 loss in FY 2022)Full year 2023 results: EPS: kr3.43 (up from kr1.59 loss in FY 2022). Revenue: kr1.49b (up kr1.46b from FY 2022). Net income: kr168.3m (up kr230.9m from FY 2022). Profit margin: 11% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Durables industry in Germany.
お知らせ • Feb 02Aros Bostadsutveckling AB (publ) (OM:AROS) made an offer to acquire Besqab AB (publ) (OM:BESQ) from a group of shareholders for SEK 1.8 billion.Aros Bostadsutveckling AB (publ) (OM:AROS) made an offer to acquire Besqab AB (publ) (OM:BESQ) from a group of shareholders for SEK 1.8 billion on January 31, 2024. The consideration for the shareholders in Besqab are offered 1.0417 newly issued common shares and 0.0718 newly issued series B preference shares in Aros Bostad for each existing share in Besqab. The total value of the Offer, based on all outstanding shares in Besqab, amounts to approximately SEK 1.86 billion, equivalent to approximately SEK 40.2 per share in Besqab. If Besqab were to pay dividends or carry out another value transfer before the settlement of the Offer the consideration in the Offer would be reduced accordingly. Assuming full acceptance of the Offer, Aros Bostad will issue approximately 48.1 million new common shares and approximately 3.2 million new series B preference shares. At full acceptance of the Offer, Aros Bostad’s shareholders will hold approximately 53% of the votes and Besqab’s shareholders will hold approximately 47% of the total votes in the New Company and the New Company is proposed to be named Besqab AB (publ). Aros Bostad has obtained irrevocable undertakings and declarations of intent to accept the Offer from shareholders in Besqab representing approximately 73% of the votes and capital in Besqab. Family Douglas (company incl.), Olle Engkvists stiftelse, Sven Jemsten with family (company incl.), Carl Wale with family, Paradeigma Partners AB, Kristian Wale with family (company incl.), Lars Öberg with family (company incl.), Paradigm Capital Value and AB Tuna Holding, representing approximately 36% of the votes and capital in Besqab, have entered irrevocable undertakings to accept the Offer. Additionally, family Nordström (company incl.), whose holdings together represents approximately 37% of the votes and capital in Besqab. Magnus Andersson will become CEO and Anna Jepson will become CFO of the New Company, and the intention is that the New Company’s senior executive management will consist of members from both Aros Bostad’s and Besqab’s current senior management teams, which secure continuity and an experienced and competent senior executive management. The board of directors of Besqab unanimously recommends the shareholders of Besqab to accept the Offer. The transaction is subject to Offer being accepted to such an extent that Aros Bostad becomes the owner of more than 90% of all outstanding shares in Besqab (at full dilution), if Aros Bostad undertakes to not complete the Offer if it is not accepted to that extent; approval of the shareholders of Aros Bostad at extraordinary general meeting held on February 16, 2024; Besqab does not resolve to issue shares or other securities in Besqab; any and all necessary regulatory authorisations, approvals, decisions and other actions required from authorities with respect to the Offer and for the completion of the acquisition obtained on terms acceptable to Aros Bostad; and the Offer is not rendered wholly or partly made impossible or significantly impeded as a result of any legislation or other regulation, court decision or order, governmental decision or any similar circumstance which is actual or reasonably foreseeable and which Aros Bostad could not have foreseen at the time of the announcement of the Offer. The acceptance period for the Offer is expected to commence on February 20, 2024 and conclude on March 12, 2024. The board of directors obtained fairness opinion from Öhrlings PricewaterhouseCoopers AB for recommendation. Aros Bostad has retained SEB Corporate Finance as financial advisor and Baker McKenzie as legal advisor in connection with the Offer.
Board Change • Feb 01Insufficient new directorsThere 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. 3 highly experienced directors. Director Joakim Alm was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
New Risk • Jan 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% 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 High level of non-cash earnings (25% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding).
Reported Earnings • Nov 19Third quarter 2023 earnings released: EPS: kr1.09 (vs kr0.13 loss in 3Q 2022)Third quarter 2023 results: EPS: kr1.09 (up from kr0.13 loss in 3Q 2022). Revenue: kr437.2m (up kr431.2m from 3Q 2022). Net income: kr52.6m (up kr57.4m from 3Q 2022). Profit margin: 12% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 14% decline forecast for the Real Estate industry in Germany.
お知らせ • Oct 20An unknown fund managed by CBRE Investment Management, LLC acquired residential asset in Täby, Greater Stockholm, Sweden from Aros Bostadsutveckling AB (publ) (OM:AROS).An unknown fund managed by CBRE Investment Management, LLC acquired residential asset in Täby, Greater Stockholm, Sweden from Aros Bostadsutveckling AB (publ) (OM:AROS) on October 18, 2023. An unknown fund managed by CBRE Investment Management, LLC completed the acquisition of residential asset in Täby, Greater Stockholm, Sweden from Aros Bostadsutveckling AB (publ) (OM:AROS) on October 18, 2023.
Reported Earnings • Aug 28Second quarter 2023 earnings released: kr0.081 loss per share (vs kr0.28 loss in 2Q 2022)Second quarter 2023 results: kr0.081 loss per share (improved from kr0.28 loss in 2Q 2022). Revenue: kr66.6m (up kr61.1m from 2Q 2022). Net loss: kr3.88m (loss narrowed 63% from 2Q 2022). Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany.
New Risk • Jul 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.6% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (40% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding).
Reported Earnings • Feb 18Full year 2022 earnings released: kr1.59 loss per share (vs kr1.27 profit in FY 2021)Full year 2022 results: kr1.59 loss per share (down from kr1.27 profit in FY 2021). Net loss: kr62.6m (down 240% from profit in FY 2021). Revenue is forecast to grow 58% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany.
お知らせ • Feb 17+ 1 more updateAros Bostadsutveckling AB (publ) Announces CFO Changes, Effective 1 March 2023Aros Bostadsutveckling AB publ has appointed Maja Dahlén as new CFO for the business as of 1 March 2023. Maja Dahlén has worked at Aros Bostad since 2017, of which the three last years as Financial Director. Maja replaces Ken Wendelin, who leaves the company, and takes position in the management team as of 1 March 2023. The role as Financial Director is assumed by Alexander Kjäll, who has chosen to come back to Aros Bostad after a couple of years outside the company. Aros Bostad's current CFO and deputy CEO Ken Wendelin will, as previously announced, start a newengagement outside the group. Ken will however work for Aros Bostad until 30 April, to secure that Aros Bostad's new CFO and Head of Finance and Transaction are getting into their new roles.
Reported Earnings • Nov 19Third quarter 2022 earnings released: kr0.13 loss per share (vs kr0.028 profit in 3Q 2021)Third quarter 2022 results: kr0.13 loss per share (down from kr0.028 profit in 3Q 2021). Net loss: kr4.81m (down kr5.87m from profit in 3Q 2021). Revenue is forecast to grow 64% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany.
Valuation Update With 7 Day Price Move • May 19Investor sentiment improved over the past weekAfter last week's 24% share price gain to €5.76, the stock trades at a trailing P/E ratio of 51.8x. Average forward P/E is 8x in the Real Estate industry in Germany.
Recent Insider Transactions • Mar 24CFO & Deputy CEO recently bought €33k worth of stockOn the 15th of March, Ken Wendelin bought around 6k shares on-market at roughly €5.49 per share. In the last 3 months, they made an even bigger purchase worth €36k. Ken has been a buyer over the last 12 months, purchasing a net total of €144k worth in shares.
Recent Insider Transactions • Mar 23CFO & Deputy CEO recently bought €33k worth of stockOn the 15th of March, Ken Wendelin bought around 6k shares on-market at roughly €5.49 per share. In the last 3 months, they made an even bigger purchase worth €36k. Ken has been a buyer over the last 12 months, purchasing a net total of €144k worth in shares.
Reported Earnings • Feb 28Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: kr1.27 (up from kr1.25 loss in FY 2020). Revenue: kr104.9m (up kr89.8m from FY 2020). Net income: kr44.6m (up kr84.9m from FY 2020). Profit margin: 43% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 120% compared to a 27% decline forecast for the industry in Germany.
Recent Insider Transactions • Dec 03Founder & Director recently bought €109k worth of stockOn the 29th of November, Samir Taha bought around 20k shares on-market at roughly €5.45 per share. This was the largest purchase by an insider in the last 3 months. Samir has been a buyer over the last 12 months, purchasing a net total of €126k worth in shares.
Reported Earnings • Dec 01Third quarter 2021 earnings: Revenues exceed analyst expectationsThird quarter 2021 results: Revenue: kr10.7m (up 67% from 3Q 2020). Net income: kr1.06m (up kr13.6m from 3Q 2020). Profit margin: 9.9% (up from net loss in 3Q 2020). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 53%. Over the next year, revenue is forecast to grow 98% compared to a 36% decline forecast for the industry in Germany.
Reported Earnings • Sep 01Second quarter 2021 earnings released: kr0.42 loss per share (vs kr0.59 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: kr18.1m (up kr17.5m from 2Q 2020). Net loss: kr13.6m (loss narrowed 28% from 2Q 2020).