お知らせ • Feb 12
CombinedX AB (publ) announces Annual dividend, payable on May 13, 2026 CombinedX AB (publ) announced Annual dividend of SEK 1.0000 per share payable on May 13, 2026, ex-date on May 07, 2026 and record date on May 08, 2026. お知らせ • Nov 27
CombinedX AB (publ), Annual General Meeting, May 06, 2026 CombinedX AB (publ), Annual General Meeting, May 06, 2026. お知らせ • May 13
CombinedX AB (publ) (OM:CX) entered into an agreement to acquire Align Consulting AS. CombinedX AB (publ) (OM:CX) entered into an agreement to acquire Align Consulting AS on May 12, 2025. As part of consideration, NOK 113.75 million, divided into one-third shares and two-thirds cash. The number of newly issued shares in CombinedX is 1,016,034 1 , which corresponds to a dilution of 5.3%. The shares received are subject to the sellers' lock-up until the end of 2027, which contains customary exceptions. In addition, the sellers may receive an annual additional purchase price of a maximum of NOK 18.75 million/year based on profit growth in 2025, 2026 and 2027, a total maximum of NOK 56.25 million. The sellers have committed to reinvest 20% of the additional purchase price paid in shares in CombinedX, however, a maximum of 2 million NOK per year, with a lock-up, which contains customary exceptions, until the end of 2027. The sellers consist of the founders of, and employees of, Align, all of whom are operational key personnel within Align, which ensures continuity and commitment to the continued operations. The acquisition is expected to contribute to an increase in CombinedX’s EBITA margin and earnings per share. CombinedX intends to raise SEK 35 million in new acquisition credits and finance the remaining cash from its own cash. The number of shares is calculated based on a volume-weighted average price 15 trading days prior to the day of signing the LOI on April 9, 2025, corresponding to 36.54 SEK/share, with deduction for the decided dividend of 1.40 SEK/share, and the average price of NOK/SEK during the same period, corresponding to 1.05 NOK/SEK.
The expected completion of the transaction in May, 2025. お知らせ • Feb 14
CombinedX AB (publ), Annual General Meeting, May 07, 2025 CombinedX AB (publ), Annual General Meeting, May 07, 2025. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: kr0.20 (vs kr0.84 in 3Q 2023) Third quarter 2024 results: EPS: kr0.20 (down from kr0.84 in 3Q 2023). Revenue: kr196.8m (up 28% from 3Q 2023). Net income: kr3.70m (down 74% from 3Q 2023). Profit margin: 1.9% (down from 9.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the IT industry in Germany. Reported Earnings • Jul 22
Second quarter 2024 earnings released: EPS: kr0.56 (vs kr1.01 in 2Q 2023) Second quarter 2024 results: EPS: kr0.56 (down from kr1.01 in 2Q 2023). Revenue: kr251.9m (up 31% from 2Q 2023). Net income: kr10.2m (down 41% from 2Q 2023). Profit margin: 4.0% (down from 9.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the IT industry in Germany. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €3.40, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the IT industry in Germany. Total returns to shareholders of 42% over the past year. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: kr1.02 (vs kr1.05 in 1Q 2023) First quarter 2024 results: EPS: kr1.02 (down from kr1.05 in 1Q 2023). Revenue: kr225.4m (up 7.7% from 1Q 2023). Net income: kr17.4m (down 2.8% from 1Q 2023). Profit margin: 7.7% (down from 8.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the IT industry in Germany. Upcoming Dividend • May 01
Upcoming dividend of kr2.00 per share Eligible shareholders must have bought the stock before 08 May 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.9%). New Risk • Apr 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.4% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (6.4% increase in shares outstanding). Market cap is less than US$100m (€86.1m market cap, or US$93.5m). Recent Insider Transactions • Feb 27
Independent Chairman of the Board recently sold €929k worth of stock On the 23rd of February, Niklas Hellberg sold around 250k shares on-market at roughly €3.72 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Niklas' only on-market trade for the last 12 months. Reported Earnings • Feb 08
Full year 2023 earnings released: EPS: kr4.15 (vs kr2.13 in FY 2022) Full year 2023 results: EPS: kr4.15 (up from kr2.13 in FY 2022). Revenue: kr767.3m (up 18% from FY 2022). Net income: kr70.9m (up 101% from FY 2022). Profit margin: 9.2% (up from 5.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the IT industry in Germany. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: kr0.84 (vs kr0.43 in 3Q 2022) Third quarter 2023 results: EPS: kr0.84 (up from kr0.43 in 3Q 2022). Revenue: kr154.0m (down 6.2% from 3Q 2022). Net income: kr14.4m (up 99% from 3Q 2022). Profit margin: 9.4% (up from 4.4% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Germany. Upcoming Dividend • Apr 28
Upcoming dividend of kr1.05 per share at 2.9% yield Eligible shareholders must have bought the stock before 05 May 2023. Payment date: 11 May 2023. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.1%). Board Change • Feb 14
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Niklas Flyborg was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 02
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Niklas Flyborg was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. お知らせ • Jan 12
CombinedX AB (publ) (OM:CX) acquired Absfront AB for SEK 38.5 million. CombinedX AB (publ) (OM:CX) acquired Absfront AB for SEK 38.5 million on January 10, 2023. The purchase price SEK 26 million to be paid in cash, SEK 5 million in new shares. To carry out set-off issue of 175,118 shares towards sellers of absfront. Of maximum purchase price, SEK 7.5 million is earn-out, deal to positively affect co's revenue, ebitda-margin in 2023.CombinedX AB (publ) (OM:CX) completed the acquisition of Absfront AB for SEK 38.5 million on January 10, 2023. Board Change • Nov 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Niklas Flyborg was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.