View Future GrowthBEWI 과거 순이익 실적과거 기준 점검 0/6BEWI 의 수입은 연평균 -60%의 비율로 감소해 온 반면, Chemicals 산업은 연평균 4.4%의 비율로 감소했습니다. 매출은 연평균 0.5%의 비율로 증가해 왔습니다.핵심 정보-60.04%순이익 성장률-60.50%주당순이익(EPS) 성장률Chemicals 산업 성장률12.41%매출 성장률0.53%자기자본이익률-8.14%순이익률-4.80%다음 순이익 업데이트19 Aug 2026최근 과거 실적 업데이트공시 • Dec 11+ 4 more updatesBEWI ASA to Report Q3, 2026 Results on Nov 04, 2026BEWI ASA announced that they will report Q3, 2026 results at 7:00 AM, Central European Standard Time on Nov 04, 2026공시 • Dec 16+ 4 more updatesBEWi ASA to Report Q3, 2025 Results on Nov 12, 2025BEWi ASA announced that they will report Q3, 2025 results at 7:00 AM, Central European Standard Time on Nov 12, 2025Reported Earnings • Nov 08Third quarter 2024 earnings released: €0.043 loss per share (vs €0.045 loss in 3Q 2023)Third quarter 2024 results: €0.043 loss per share (improved from €0.045 loss in 3Q 2023). Revenue: €252.1m (down 5.4% from 3Q 2023). Net loss: €8.30m (loss narrowed 4.6% from 3Q 2023). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 22Second quarter 2024 earnings released: EPS: €0.002 (vs €0.009 in 2Q 2023)Second quarter 2024 results: EPS: €0.002 (down from €0.009 in 2Q 2023). Revenue: €284.8m (down 1.7% from 2Q 2023). Net income: €300.0k (down 82% from 2Q 2023). Profit margin: 0.1% (down from 0.6% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.Reported Earnings • May 19First quarter 2024 earnings released: €0.047 loss per share (vs €0.007 loss in 1Q 2023)First quarter 2024 results: €0.047 loss per share (further deteriorated from €0.007 loss in 1Q 2023). Revenue: €244.0m (down 18% from 1Q 2023). Net loss: €9.10m (loss widened €7.70m from 1Q 2023). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.Reported Earnings • Apr 21Full year 2023 earnings released: €0.094 loss per share (vs €0.21 profit in FY 2022)Full year 2023 results: €0.094 loss per share (down from €0.21 profit in FY 2022). Revenue: €1.11b (up 5.2% from FY 2022). Net loss: €18.0m (down 152% from profit in FY 2022). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.모든 업데이트 보기Recent updates공시 • Dec 24BEWI ASA Appoints Christian Begby as Director, Effective December 22, 2025BEWI ASA held an extraordinary general meeting on December 22, 2025. The meeting elected Christian Begby as new director of the board of directors.공시 • Dec 12BEWI ASA, Annual General Meeting, May 28, 2026BEWI ASA, Annual General Meeting, May 28, 2026.공시 • Dec 11+ 4 more updatesBEWI ASA to Report Q3, 2026 Results on Nov 04, 2026BEWI ASA announced that they will report Q3, 2026 results at 7:00 AM, Central European Standard Time on Nov 04, 2026공시 • Aug 22+ 1 more updateBEWI ASA has completed a Follow-on Equity Offering in the amount of NOK 896 million.BEWI ASA has completed a Follow-on Equity Offering in the amount of NOK 896 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 38,344,458 Price\Range: NOK 20 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 6,455,542 Price\Range: NOK 20 Transaction Features: Subsequent Direct Listing공시 • Dec 17BEWi ASA, Annual General Meeting, May 21, 2025BEWi ASA, Annual General Meeting, May 21, 2025.공시 • Dec 16+ 4 more updatesBEWi ASA to Report Q3, 2025 Results on Nov 12, 2025BEWi ASA announced that they will report Q3, 2025 results at 7:00 AM, Central European Standard Time on Nov 12, 2025Recent Insider Transactions • Nov 17Director recently bought €1.2m worth of stockOn the 14th of November, Andreas Akselsen bought around 600k shares on-market at roughly €1.94 per share. This transaction increased Andreas' direct individual holding by 67x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Reported Earnings • Nov 08Third quarter 2024 earnings released: €0.043 loss per share (vs €0.045 loss in 3Q 2023)Third quarter 2024 results: €0.043 loss per share (improved from €0.045 loss in 3Q 2023). Revenue: €252.1m (down 5.4% from 3Q 2023). Net loss: €8.30m (loss narrowed 4.6% from 3Q 2023). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.Recent Insider Transactions • Sep 03Director recently bought €718k worth of stockOn the 30th of August, Andreas Akselsen bought around 300k shares on-market at roughly €2.39 per share. This transaction increased Andreas' direct individual holding by 33x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €754k more in shares than they have sold in the last 12 months.Reported Earnings • Aug 22Second quarter 2024 earnings released: EPS: €0.002 (vs €0.009 in 2Q 2023)Second quarter 2024 results: EPS: €0.002 (down from €0.009 in 2Q 2023). Revenue: €284.8m (down 1.7% from 2Q 2023). Net income: €300.0k (down 82% from 2Q 2023). Profit margin: 0.1% (down from 0.6% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.공시 • Jun 06BEWi ASA Approves the Appointment of Members of Nomination CommitteeBEWi ASA at its annual general meeting held on June 4, 2024, approved the appointment of members of the Company's nomination committee for the period up to the annual general meeting in 2026: André Michaelsen, chair; Rune Juliussen, member; Marianne Bekken, member and Svein Jensen, member.Reported Earnings • May 19First quarter 2024 earnings released: €0.047 loss per share (vs €0.007 loss in 1Q 2023)First quarter 2024 results: €0.047 loss per share (further deteriorated from €0.007 loss in 1Q 2023). Revenue: €244.0m (down 18% from 1Q 2023). Net loss: €9.10m (loss widened €7.70m from 1Q 2023). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.Reported Earnings • Apr 21Full year 2023 earnings released: €0.094 loss per share (vs €0.21 profit in FY 2022)Full year 2023 results: €0.094 loss per share (down from €0.21 profit in FY 2022). Revenue: €1.11b (up 5.2% from FY 2022). Net loss: €18.0m (down 152% from profit in FY 2022). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 16Full year 2023 earnings released: €0.094 loss per share (vs €0.21 profit in FY 2022)Full year 2023 results: €0.094 loss per share (down from €0.21 profit in FY 2022). Revenue: €1.11b (up 5.4% from FY 2022). Net loss: €18.0m (down 152% from profit in FY 2022). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Chemicals industry in Germany.공시 • Dec 22Bewi Announces Launch of New Production Line for Recycling Raw MaterialBEWI announced the opening of its new production line for expanded polystyrene (EPS) at the company's raw material facility in Etten-Leur in the Netherlands. The new production line, including a extruder, significantly strengthens BEWI's capacity for use of recycled materials, and thereby also the company's commitment to a circular economy. BEWI's new production line has an annual capacity of up to 25,000 tonnes of EPS, and the company intends to double the capacity by 2030. The new line can produce both grey and white EPS, using either virgin or recycled feedstock - or a combination. Grey EPS has approximately 20 per cent better insulation value than white EPS, meaning that a certain insulation value can be achieved by thinner boards. Increasing resource efficiency and circularity for EPS. BEWI's new production line, is handling a material essential in a variety of applications. EPS's role in modern industry is expansive, offering critical solutions for safe packaging, energy-efficient building insulation, and even in the production of durable goods such as car parts and bicycle helmets.공시 • Dec 20+ 5 more updatesBEWi ASA to Report Q3, 2024 Results on Nov 06, 2024BEWi ASA announced that they will report Q3, 2024 results at 7:00 AM, Central European Standard Time on Nov 06, 2024공시 • Dec 05An undisclosed buyer acquired 8.4% stake in KMC Properties ASA (OB:KMCP) from BEWi ASA (OB:BEWI).An undisclosed buyer acquired 8.4% stake in KMC Properties ASA (OB:KMCP) from BEWi ASA (OB:BEWI) on December 4, 2023. The deal value is settled in cash. Following the sale, BEWI does not own any shares in KMC Properties ASA.An undisclosed buyer completed the acquisition of 8.4% stake in KMC Properties ASA (OB:KMCP) from BEWi ASA (OB:BEWI) on December 4, 2023.Reported Earnings • Nov 08Third quarter 2023 earnings released: €0.045 loss per share (vs €0.063 profit in 3Q 2022)Third quarter 2023 results: €0.045 loss per share (down from €0.063 profit in 3Q 2022). Revenue: €266.6m (flat on 3Q 2022). Net loss: €8.70m (down 187% from profit in 3Q 2022). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Chemicals industry in Germany.New Risk • Nov 08New 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 Interest payments are not well covered by earnings (1.2x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 6x earnings per share. Cash payout ratio: 141% Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin).New Risk • Aug 25New 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 6.5% 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 Interest payments are not well covered by earnings (1.2x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 6x earnings per share. Cash payout ratio: 141% Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Shareholders have been diluted in the past year (22% increase in shares outstanding).New Risk • Aug 18New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 66% 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 Interest payments are not well covered by earnings (1.2x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 6x earnings per share. Cash payout ratio: 141% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Shareholders have been diluted in the past year (22% increase in shares outstanding).Reported Earnings • Aug 18Second quarter 2023 earnings released: EPS: €0.009 (vs €0.16 in 2Q 2022)Second quarter 2023 results: EPS: €0.009 (down from €0.16 in 2Q 2022). Revenue: €289.6m (up 4.5% from 2Q 2022). Net income: €1.70m (down 93% from 2Q 2022). Profit margin: 0.6% (down from 8.9% in 2Q 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Chemicals industry in Germany.공시 • Jun 02+ 1 more updateBEWi ASA Approves to Distribute Dividends of 2022BEWi ASA approved to resolve the distribution of a dividend of NOK 0.6 per share on the basis of the group's net income for 2022.Reported Earnings • Apr 27Full year 2022 earnings released: EPS: €0.21 (vs €0.23 in FY 2021)Full year 2022 results: EPS: €0.21 (down from €0.23 in FY 2021). Revenue: €1.05b (up 40% from FY 2021). Net income: €34.4m (down 3.6% from FY 2021). Profit margin: 3.3% (down from 4.8% in FY 2021). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Chemicals industry in Germany.Reported Earnings • Feb 17Full year 2022 earnings released: EPS: €0.21 (vs €0.23 in FY 2021)Full year 2022 results: EPS: €0.21 (down from €0.23 in FY 2021). Revenue: €1.05b (up 40% from FY 2021). Net income: €34.4m (down 3.6% from FY 2021). Profit margin: 3.3% (down from 4.8% in FY 2021). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Chemicals industry in Germany.공시 • Feb 16BEWI Proposes to Pay DividendThe board of directors of BEWI proposes to the general meeting to pay a dividend of NOK 0.60 per share, in line with the company's dividend policy of 30% to 50% of net profit. The dividends are proposed to be distributed following a sale of the company's real estate portfolio.공시 • Dec 30+ 4 more updatesBEWi ASA to Report Q4, 2023 Results on Feb 15, 2024BEWi ASA announced that they will report Q4, 2023 results at 7:00 AM, Central European Standard Time on Feb 15, 2024Buying Opportunity • Dec 17Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 20%. The fair value is estimated to be €5.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 60%. Revenue is forecast to grow by 24% in 2 years. Earnings is forecast to grow by 16% in the next 2 years.공시 • Dec 07BEWi ASA (OB:BEWI) acquired remaining 66% stake in Inoplast s.r.o.BEWi ASA (OB:BEWI) acquired remaining 66% stake in Inoplast s.r.o on December 1, 2022. Inoplast s.r.o. had annual revenues of approximately €6 million in 2021. BEWi ASA (OB:BEWI) completed the acquisition of remaining 66% stake in Inoplast s.r.o on December 1, 2022.공시 • Nov 29BEWi ASA entered into an agreement to acquire 80% stake in Aislamientos y Envases S.L. BEWi ASA entered into an agreement to acquire 80% stake in Aislamientos y Envases S.L. on November 28, 2022. The consideration will be settled in cash upon closing. The transaction is conditional upon customary conditions. Aislenvas had revenues of approximately €16 million and an EBITDA of €3.5 million for 2021. The transaction is expected to close in fourth quarter of 2022.Buying Opportunity • Nov 19Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 28%. The fair value is estimated to be €5.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 60%. Revenue is forecast to grow by 23% in 2 years. Earnings is forecast to grow by 15% in the next 2 years.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Maria Schauman was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: €0.065 (vs €0.082 in 3Q 2021)Third quarter 2022 results: EPS: €0.065 (down from €0.082 in 3Q 2021). Revenue: €267.5m (up 39% from 3Q 2021). Net income: €10.3m (down 20% from 3Q 2021). Profit margin: 3.9% (down from 6.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Germany are expected to remain flat.Buying Opportunity • Nov 10Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 29%. The fair value is estimated to be €5.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 60%. Revenue is forecast to grow by 26% in 2 years. Earnings is forecast to grow by 30% in the next 2 years.공시 • Nov 09Bewi Asa Authorises Dividend Distribution for the Financial Year of 2021, Payable on or About 18 November 2022BEWI ASA authorised to resolve a dividend distribution of NOK 1.10 per share for the financial year of 2021. Ex-date is 9 November 2022, Record date is 10 November 2022, Payment date is On or about 18 November 2022.공시 • Oct 20BEWi ASA (OB:BEWI) acquired Jackon Holding AS from Haas AS and others for an enterprise value of NOK 3.6 billion.BEWi ASA (OB:BEWI) acquired Jackon Holding AS from Haas AS and others for an enterprise value of NOK 3.6 billion on October 19, 2022. On October 15, 2021, agreement had been signed. As per the terms, consideration will be payable in cash and stock. The cash consideration was financed through cash sources available to BEWI. In 2020, Jackon Holding AS had revenues of NOK 3,150 million and an EBITDA of NOK 362 million. The transaction is subject to shareholders representing at least 50% of the shares in Jackon accepting the offer, satisfactory of due diligence, resolution of the BEWI general meeting to issue the consideration shares, Jackon’s board of directors approval, customary closing conditions, the right of first refusal and regulatory approvals. As of October 3, 2021, HAAS AS represent 50% in Jackon Holding has accepted the offer. HAAS AS has chosen to receive its consideration in the form of new BEWI shares. As of October 15, 2021, BEWI has received acceptances of the offer from shareholders holding the remaining 50% of the shares in Jackon. As of June 30, 2022, The Norwegian Competition Authority has approved the transaction. On July 1, 2022, Finland competition authority has approved the transaction. The transaction is expected to be completed during the first half of 2022. As of October 12, 2022, The transaction has received final approvals from all relevant competition authorities. As partial consideration in the Jackon Transaction, the Company’s board of directors has today resolved to increase the Company’s share capital with NOK 32,070,000 by the issuance of 32,070,000 new shares in the Company to HAAS AS, each with a nominal value of NOK 1, at a subscription price of NOK 45.9925 per share. The share capital increase was resolved pursuant to an authorization to increase the Company’s share capital granted by the extraordinary general meeting on 16 February 2022. As a consequence, thereof all conditions for finalising the acquisition of Jackon is now fulfilled. Carnegie AS acted as financial advisor to BEWi ASA. Advokatfirmaet Thommessen AS acted as legal advisor to BEWi ASA. Cirio Advokatbyrå Ab acted as legal advisor to BEWi ASA. BEWi ASA (OB:BEWI) completed acquisition of Jackon Holding AS from Haas AS and others on October 19, 2022.공시 • Sep 01BEWi ASA (OB:BEWI) completed the acquisition of Baltijos polistirenas, UAB for €28.8 million.BEWi ASA (OB:BEWI) entered into an agreement to acquire Baltijos polistirenas, UAB on July 1, 2022. In year 2021, Baltijos polistirenas reported revenues of approximately €31.0 million and an EBITDA of approximately €4.3 million. The agreed consideration is in line with BEWI's historical M&As, i.e., with an EV/ EBITDA multiple in the range of 5 to 7, whereas 50% will be settled in cash and 50% through issuance of consideration shares in BEWI ASA. The closing of the acquisition is conditional upon customary conditions and is expected in the third quarter of 2022. BEWi ASA (OB:BEWI) completed the acquisition of Baltijos polistirenas, UAB for €28.8 million on August 31, 2022. As per the terms of consideration, 50% has been paid in cash and 50% has been settled by the issuance of 2,238,188 consideration shares in BEWI at a share price of NOK 64.64 per share.Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: €0.16 (vs €0.095 in 2Q 2021)Second quarter 2022 results: EPS: €0.16 (up from €0.095 in 2Q 2021). Revenue: €277.0m (up 40% from 2Q 2021). Net income: €24.6m (up 71% from 2Q 2021). Profit margin: 8.9% (up from 7.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 23%, compared to a 2.9% growth forecast for the industry in Germany.공시 • Jul 03BEWi ASA (OB:BEWI) entered into an agreement to acquire Baltijos polistirenas, UAB.BEWi ASA (OB:BEWI) entered into an agreement to acquire Baltijos polistirenas, UAB on July 1, 2022. In year 2021, Baltijos polistirenas reported revenues of approximately EUR 31.0 million and an EBITDA of approximately EUR 4.3 million. The agreed consideration is in line with BEWI's historical M&As, i.e., with an EV/ EBITDA multiple in the range of 5 to 7, whereas 50% will be settled in cash and 50% through issuance of consideration shares in BEWI ASA. The closing of the acquisition is conditional upon customary conditions and is expected in the third quarter of 2022.Valuation Update With 7 Day Price Move • Jun 17Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €5.57, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 9x in the Chemicals industry in Germany. Total returns to shareholders of 121% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €9.43 per share.공시 • Jun 11BEWi ASA (OB:BEWI) acquired Berga Recycling Inc.BEWi ASA (OB:BEWI) acquired Berga Recycling Inc. on June 10, 2022. The consideration for 100 percent of the shares of Berga Recycling Inc. will be settled in cash. The consideration is just above BEWI's historical M&A range of an EV/ EBITDA multiple of 5 to 7. For 2021, Berga had sales revenues of approximately CAD 43 million, with an EBITDA margin of approximately 10 percent. The company has shown a sustained profitable growth of more than 20 per cent the last three years. BEWi ASA (OB:BEWI) completed the acquisition of Berga Recycling Inc. on June 10, 2022.Upcoming Dividend • May 27Upcoming dividend of kr1.10 per shareEligible shareholders must have bought the stock before 03 June 2022. Payment date: 14 June 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (5.1%).공시 • May 26BEWi ASA (OB:BEWI) acquired remaining 49% stake in Bewi Cellpack A/S from Thomas J. Bladt on May 25, 2022.BEWi ASA (OB:BEWI) acquired remaining 49% stake in Bewi Cellpack A/S from Thomas J. Bladt on May 25, 2022. Thomas J. Bladt will continue as managing director. BEWi ASA (OB:BEWI) completed the acquisition of remaining 49% stake in Bewi Cellpack A/S from Thomas J. Bladt on May 25, 2022.공시 • May 20BEWi ASA (OB: BEWI) acquired an additional 51% stake in Jablite Ltd. for £10 million.BEWi ASA (OB: BEWI) acquired an additional 51% stake in Jablite Ltd for £10 million on May 18, 2022. Jablite Group has an annual turnover of approximately £40 million. BEWi ASA (OB:BEWI) completed the acquisition of an additional 51% stake in Jablite Ltd on May 18, 2022.공시 • May 19BEWi ASA (OB:BEWI) acquired remaining 51% stake in Jablite Group for approximately £10 million.BEWi ASA (OB:BEWI) acquired remaining 51% stake in Jablite Group for approximately £10 million on May 18, 2022. The current management of Jablite, including managing director Richard Lee and finance director John Cooper will continue in their roles going forward. Rik Dobbelaere, previous CEO of Synbra Holding and BEWiSynbra Group, and director of the board of BEWI ASA, has been director of the board of Jablite since BEWI's acquisition of the 49 per cent stake in 2020. The annual turnover of Jablite Group was approximately £40 million. BEWi ASA (OB:BEWI) completed the acquisition of remaining 51% stake in Jablite Group on May 18, 2022.Reported Earnings • Apr 29Full year 2021 earnings released: EPS: €0.23 (vs €0.21 in FY 2020)Full year 2021 results: EPS: €0.23 (up from €0.21 in FY 2020). Revenue: €748.2m (up 62% from FY 2020). Net income: €35.7m (up 19% from FY 2020). Profit margin: 4.8% (down from 6.5% in FY 2020). Over the next year, revenue is forecast to grow 35%, compared to a 10% growth forecast for the industry in Germany.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Maria Schauman was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • Mar 09Chief Operating Officer recently sold €311k worth of stockOn the 2nd of March, Jonas Siljeskar sold around 50k shares on-market at roughly €6.22 per share. This was the largest sale by an insider in the last 3 months. Jonas has been a seller over the last 12 months, reducing personal holdings by €238k.Reported Earnings • Feb 25Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €0.23 (up from €0.21 in FY 2020). Revenue: €748.2m (up 62% from FY 2020). Net income: €35.7m (up 19% from FY 2020). Profit margin: 4.8% (down from 6.5% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.9%. Over the next year, revenue is forecast to grow 51%, compared to a 6.7% growth forecast for the industry in Germany.Buying Opportunity • Feb 25Now 25% undervaluedOver the last 90 days, the stock is up 13%. The fair value is estimated to be €8.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% per annum over the last 3 years. Earnings per share has grown by 76% per annum over the last 3 years.공시 • Feb 24BEWi ASA Proposes Dividend for the Financial Year of 2021BEWi ASA proposed to the general meeting to pay a dividend of NOK 1.10 per share for the financial year of 2021. The proposal is line with the company’s dividend policy to pay out 30 to 50% of net profit.공시 • Feb 17+ 1 more updateBEWi ASA Approves Board and Committee AppointmentsBEWi ASA approved the election of Liv Malvik as chair of the nomination committee and Roor Husby as members of the nomination committee for the period until the annual general meeting of 2024, at its EGM held on Feb. 16, 2022.Buying Opportunity • Jan 20Now 20% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be €8.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% per annum over the last 3 years. Earnings per share has grown by 86% per annum over the last 3 years.Valuation Update With 7 Day Price Move • Dec 10Investor sentiment improved over the past weekAfter last week's 16% share price gain to €6.90, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 10x in the Chemicals industry in Germany.공시 • Nov 25BEWi ASA (OB:BEWI) completed the acquisition of Kemisol Group from a family.BEWi ASA (OB:BEWI) agreed to acquire Kemisol Group from a family on October 29, 2021. BEWI will pay the consideration for the shares in cash through available sources. Kemisol reported revenue of €24.7 million and EBIDTA of €4.5 million as of December 31, 2020. Closing of the acquisition is conditional upon customary conditions specified in agreement and is expected in November 2021. Kemisol’s financials will be consolidated into BEWI’s accounts from 1 December 2021. BEWi ASA (OB:BEWI) completed the acquisition of Kemisol Group from a family on November 24, 2021.Reported Earnings • Nov 04Third quarter 2021 earnings released: EPS €0.082 (vs €0.04 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €193.0m (up 58% from 3Q 2020). Net income: €12.8m (up 125% from 3Q 2020). Profit margin: 6.6% (up from 4.7% in 3Q 2020). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Oct 13Investor sentiment improved over the past weekAfter last week's 18% share price gain to €6.36, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 11x in the Chemicals industry in Germany.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment improved over the past weekAfter last week's 17% share price gain to €4.54, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Chemicals industry in Germany.Valuation Update With 7 Day Price Move • Sep 01Investor sentiment improved over the past weekAfter last week's 18% share price gain to €3.23, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Chemicals industry in Germany.Recent Insider Transactions • Aug 14Chief Operating Officer recently bought €72k worth of stockOn the 12th of August, Jonas Siljeskar bought around 24k shares on-market at roughly €2.97 per share. This was the largest purchase by an insider in the last 3 months. This was Jonas' only on-market trade for the last 12 months.Reported Earnings • Aug 12Second quarter 2021 earnings releasedThe company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: €198.1m (up 92% from 2Q 2020). Net income: €14.4m (up 71% from 2Q 2020). Profit margin: 7.3% (down from 8.2% in 2Q 2020).Reported Earnings • May 22First quarter 2021 earnings releasedThe company reported a mediocre first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: €148.9m (up 45% from 1Q 2020). Net loss: €1.10m (down 148% from profit in 1Q 2020).Reported Earnings • Apr 24Full year 2020 earnings released: EPS €0.21 (vs €0.04 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €462.6m (up 7.6% from FY 2019). Net income: €30.1m (up 438% from FY 2019). Profit margin: 6.5% (up from 1.3% in FY 2019).매출 및 비용 세부 내역BEWI가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이DB:5T0 매출, 비용 및 순이익 (EUR Millions)날짜매출순이익일반관리비연구개발비31 Mar 26807-39396031 Dec 25796-43388030 Sep 25790-41381030 Jun 25778-39371031 Mar 25778-39362031 Dec 24773-38358030 Sep 24551-52295030 Jun 24626-52321031 Mar 24708-43343031 Dec 23821-33378030 Sep 231,128-17484030 Jun 231,1292459031 Mar 231,11725426031 Dec 221,05034379030 Sep 2298354320030 Jun 2290855298031 Mar 2283045274031 Dec 2174836252030 Sep 2167039230030 Jun 2159933213031 Mar 2150627199031 Dec 2046330188030 Sep 2043614177030 Jun 2042211172031 Mar 204366172031 Dec 194306172030 Sep 194407180030 Jun 194444177031 Mar 194314169031 Dec 183852144030 Sep 183115105030 Jun 18240780031 Mar 18188462031 Dec 17191462030 Sep 17183259030 Jun 17178056031 Mar 17172252031 Dec 16168549031 Dec 151745440양질의 수익: 5T0 은(는) 현재 수익성이 없습니다.이익 마진 증가: 5T0는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 5T0은 수익성이 없으며 지난 5년 동안 손실이 연평균 60% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 5T0의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: 5T0은 수익성이 없어 지난 해 수익 성장률을 Chemicals 업계(-13.5%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: 5T0는 현재 수익성이 없으므로 자본 수익률이 음수(-8.14%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YMaterials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/25 18:55종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스BEWI ASA는 5명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Niclas GehinDNB CarnegieHerman DahlNordea MarketsJoachim HusePareto Securities2명의 분석가 더 보기
공시 • Dec 11+ 4 more updatesBEWI ASA to Report Q3, 2026 Results on Nov 04, 2026BEWI ASA announced that they will report Q3, 2026 results at 7:00 AM, Central European Standard Time on Nov 04, 2026
공시 • Dec 16+ 4 more updatesBEWi ASA to Report Q3, 2025 Results on Nov 12, 2025BEWi ASA announced that they will report Q3, 2025 results at 7:00 AM, Central European Standard Time on Nov 12, 2025
Reported Earnings • Nov 08Third quarter 2024 earnings released: €0.043 loss per share (vs €0.045 loss in 3Q 2023)Third quarter 2024 results: €0.043 loss per share (improved from €0.045 loss in 3Q 2023). Revenue: €252.1m (down 5.4% from 3Q 2023). Net loss: €8.30m (loss narrowed 4.6% from 3Q 2023). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 22Second quarter 2024 earnings released: EPS: €0.002 (vs €0.009 in 2Q 2023)Second quarter 2024 results: EPS: €0.002 (down from €0.009 in 2Q 2023). Revenue: €284.8m (down 1.7% from 2Q 2023). Net income: €300.0k (down 82% from 2Q 2023). Profit margin: 0.1% (down from 0.6% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 19First quarter 2024 earnings released: €0.047 loss per share (vs €0.007 loss in 1Q 2023)First quarter 2024 results: €0.047 loss per share (further deteriorated from €0.007 loss in 1Q 2023). Revenue: €244.0m (down 18% from 1Q 2023). Net loss: €9.10m (loss widened €7.70m from 1Q 2023). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.
Reported Earnings • Apr 21Full year 2023 earnings released: €0.094 loss per share (vs €0.21 profit in FY 2022)Full year 2023 results: €0.094 loss per share (down from €0.21 profit in FY 2022). Revenue: €1.11b (up 5.2% from FY 2022). Net loss: €18.0m (down 152% from profit in FY 2022). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
공시 • Dec 24BEWI ASA Appoints Christian Begby as Director, Effective December 22, 2025BEWI ASA held an extraordinary general meeting on December 22, 2025. The meeting elected Christian Begby as new director of the board of directors.
공시 • Dec 12BEWI ASA, Annual General Meeting, May 28, 2026BEWI ASA, Annual General Meeting, May 28, 2026.
공시 • Dec 11+ 4 more updatesBEWI ASA to Report Q3, 2026 Results on Nov 04, 2026BEWI ASA announced that they will report Q3, 2026 results at 7:00 AM, Central European Standard Time on Nov 04, 2026
공시 • Aug 22+ 1 more updateBEWI ASA has completed a Follow-on Equity Offering in the amount of NOK 896 million.BEWI ASA has completed a Follow-on Equity Offering in the amount of NOK 896 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 38,344,458 Price\Range: NOK 20 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 6,455,542 Price\Range: NOK 20 Transaction Features: Subsequent Direct Listing
공시 • Dec 17BEWi ASA, Annual General Meeting, May 21, 2025BEWi ASA, Annual General Meeting, May 21, 2025.
공시 • Dec 16+ 4 more updatesBEWi ASA to Report Q3, 2025 Results on Nov 12, 2025BEWi ASA announced that they will report Q3, 2025 results at 7:00 AM, Central European Standard Time on Nov 12, 2025
Recent Insider Transactions • Nov 17Director recently bought €1.2m worth of stockOn the 14th of November, Andreas Akselsen bought around 600k shares on-market at roughly €1.94 per share. This transaction increased Andreas' direct individual holding by 67x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Reported Earnings • Nov 08Third quarter 2024 earnings released: €0.043 loss per share (vs €0.045 loss in 3Q 2023)Third quarter 2024 results: €0.043 loss per share (improved from €0.045 loss in 3Q 2023). Revenue: €252.1m (down 5.4% from 3Q 2023). Net loss: €8.30m (loss narrowed 4.6% from 3Q 2023). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.
Recent Insider Transactions • Sep 03Director recently bought €718k worth of stockOn the 30th of August, Andreas Akselsen bought around 300k shares on-market at roughly €2.39 per share. This transaction increased Andreas' direct individual holding by 33x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €754k more in shares than they have sold in the last 12 months.
Reported Earnings • Aug 22Second quarter 2024 earnings released: EPS: €0.002 (vs €0.009 in 2Q 2023)Second quarter 2024 results: EPS: €0.002 (down from €0.009 in 2Q 2023). Revenue: €284.8m (down 1.7% from 2Q 2023). Net income: €300.0k (down 82% from 2Q 2023). Profit margin: 0.1% (down from 0.6% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.
공시 • Jun 06BEWi ASA Approves the Appointment of Members of Nomination CommitteeBEWi ASA at its annual general meeting held on June 4, 2024, approved the appointment of members of the Company's nomination committee for the period up to the annual general meeting in 2026: André Michaelsen, chair; Rune Juliussen, member; Marianne Bekken, member and Svein Jensen, member.
Reported Earnings • May 19First quarter 2024 earnings released: €0.047 loss per share (vs €0.007 loss in 1Q 2023)First quarter 2024 results: €0.047 loss per share (further deteriorated from €0.007 loss in 1Q 2023). Revenue: €244.0m (down 18% from 1Q 2023). Net loss: €9.10m (loss widened €7.70m from 1Q 2023). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.
Reported Earnings • Apr 21Full year 2023 earnings released: €0.094 loss per share (vs €0.21 profit in FY 2022)Full year 2023 results: €0.094 loss per share (down from €0.21 profit in FY 2022). Revenue: €1.11b (up 5.2% from FY 2022). Net loss: €18.0m (down 152% from profit in FY 2022). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 16Full year 2023 earnings released: €0.094 loss per share (vs €0.21 profit in FY 2022)Full year 2023 results: €0.094 loss per share (down from €0.21 profit in FY 2022). Revenue: €1.11b (up 5.4% from FY 2022). Net loss: €18.0m (down 152% from profit in FY 2022). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Chemicals industry in Germany.
공시 • Dec 22Bewi Announces Launch of New Production Line for Recycling Raw MaterialBEWI announced the opening of its new production line for expanded polystyrene (EPS) at the company's raw material facility in Etten-Leur in the Netherlands. The new production line, including a extruder, significantly strengthens BEWI's capacity for use of recycled materials, and thereby also the company's commitment to a circular economy. BEWI's new production line has an annual capacity of up to 25,000 tonnes of EPS, and the company intends to double the capacity by 2030. The new line can produce both grey and white EPS, using either virgin or recycled feedstock - or a combination. Grey EPS has approximately 20 per cent better insulation value than white EPS, meaning that a certain insulation value can be achieved by thinner boards. Increasing resource efficiency and circularity for EPS. BEWI's new production line, is handling a material essential in a variety of applications. EPS's role in modern industry is expansive, offering critical solutions for safe packaging, energy-efficient building insulation, and even in the production of durable goods such as car parts and bicycle helmets.
공시 • Dec 20+ 5 more updatesBEWi ASA to Report Q3, 2024 Results on Nov 06, 2024BEWi ASA announced that they will report Q3, 2024 results at 7:00 AM, Central European Standard Time on Nov 06, 2024
공시 • Dec 05An undisclosed buyer acquired 8.4% stake in KMC Properties ASA (OB:KMCP) from BEWi ASA (OB:BEWI).An undisclosed buyer acquired 8.4% stake in KMC Properties ASA (OB:KMCP) from BEWi ASA (OB:BEWI) on December 4, 2023. The deal value is settled in cash. Following the sale, BEWI does not own any shares in KMC Properties ASA.An undisclosed buyer completed the acquisition of 8.4% stake in KMC Properties ASA (OB:KMCP) from BEWi ASA (OB:BEWI) on December 4, 2023.
Reported Earnings • Nov 08Third quarter 2023 earnings released: €0.045 loss per share (vs €0.063 profit in 3Q 2022)Third quarter 2023 results: €0.045 loss per share (down from €0.063 profit in 3Q 2022). Revenue: €266.6m (flat on 3Q 2022). Net loss: €8.70m (down 187% from profit in 3Q 2022). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Chemicals industry in Germany.
New Risk • Nov 08New 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 Interest payments are not well covered by earnings (1.2x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 6x earnings per share. Cash payout ratio: 141% Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin).
New Risk • Aug 25New 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 6.5% 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 Interest payments are not well covered by earnings (1.2x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 6x earnings per share. Cash payout ratio: 141% Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Shareholders have been diluted in the past year (22% increase in shares outstanding).
New Risk • Aug 18New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 66% 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 Interest payments are not well covered by earnings (1.2x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 6x earnings per share. Cash payout ratio: 141% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Shareholders have been diluted in the past year (22% increase in shares outstanding).
Reported Earnings • Aug 18Second quarter 2023 earnings released: EPS: €0.009 (vs €0.16 in 2Q 2022)Second quarter 2023 results: EPS: €0.009 (down from €0.16 in 2Q 2022). Revenue: €289.6m (up 4.5% from 2Q 2022). Net income: €1.70m (down 93% from 2Q 2022). Profit margin: 0.6% (down from 8.9% in 2Q 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Chemicals industry in Germany.
공시 • Jun 02+ 1 more updateBEWi ASA Approves to Distribute Dividends of 2022BEWi ASA approved to resolve the distribution of a dividend of NOK 0.6 per share on the basis of the group's net income for 2022.
Reported Earnings • Apr 27Full year 2022 earnings released: EPS: €0.21 (vs €0.23 in FY 2021)Full year 2022 results: EPS: €0.21 (down from €0.23 in FY 2021). Revenue: €1.05b (up 40% from FY 2021). Net income: €34.4m (down 3.6% from FY 2021). Profit margin: 3.3% (down from 4.8% in FY 2021). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Chemicals industry in Germany.
Reported Earnings • Feb 17Full year 2022 earnings released: EPS: €0.21 (vs €0.23 in FY 2021)Full year 2022 results: EPS: €0.21 (down from €0.23 in FY 2021). Revenue: €1.05b (up 40% from FY 2021). Net income: €34.4m (down 3.6% from FY 2021). Profit margin: 3.3% (down from 4.8% in FY 2021). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Chemicals industry in Germany.
공시 • Feb 16BEWI Proposes to Pay DividendThe board of directors of BEWI proposes to the general meeting to pay a dividend of NOK 0.60 per share, in line with the company's dividend policy of 30% to 50% of net profit. The dividends are proposed to be distributed following a sale of the company's real estate portfolio.
공시 • Dec 30+ 4 more updatesBEWi ASA to Report Q4, 2023 Results on Feb 15, 2024BEWi ASA announced that they will report Q4, 2023 results at 7:00 AM, Central European Standard Time on Feb 15, 2024
Buying Opportunity • Dec 17Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 20%. The fair value is estimated to be €5.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 60%. Revenue is forecast to grow by 24% in 2 years. Earnings is forecast to grow by 16% in the next 2 years.
공시 • Dec 07BEWi ASA (OB:BEWI) acquired remaining 66% stake in Inoplast s.r.o.BEWi ASA (OB:BEWI) acquired remaining 66% stake in Inoplast s.r.o on December 1, 2022. Inoplast s.r.o. had annual revenues of approximately €6 million in 2021. BEWi ASA (OB:BEWI) completed the acquisition of remaining 66% stake in Inoplast s.r.o on December 1, 2022.
공시 • Nov 29BEWi ASA entered into an agreement to acquire 80% stake in Aislamientos y Envases S.L. BEWi ASA entered into an agreement to acquire 80% stake in Aislamientos y Envases S.L. on November 28, 2022. The consideration will be settled in cash upon closing. The transaction is conditional upon customary conditions. Aislenvas had revenues of approximately €16 million and an EBITDA of €3.5 million for 2021. The transaction is expected to close in fourth quarter of 2022.
Buying Opportunity • Nov 19Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 28%. The fair value is estimated to be €5.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 60%. Revenue is forecast to grow by 23% in 2 years. Earnings is forecast to grow by 15% in the next 2 years.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Maria Schauman was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: €0.065 (vs €0.082 in 3Q 2021)Third quarter 2022 results: EPS: €0.065 (down from €0.082 in 3Q 2021). Revenue: €267.5m (up 39% from 3Q 2021). Net income: €10.3m (down 20% from 3Q 2021). Profit margin: 3.9% (down from 6.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Germany are expected to remain flat.
Buying Opportunity • Nov 10Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 29%. The fair value is estimated to be €5.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 60%. Revenue is forecast to grow by 26% in 2 years. Earnings is forecast to grow by 30% in the next 2 years.
공시 • Nov 09Bewi Asa Authorises Dividend Distribution for the Financial Year of 2021, Payable on or About 18 November 2022BEWI ASA authorised to resolve a dividend distribution of NOK 1.10 per share for the financial year of 2021. Ex-date is 9 November 2022, Record date is 10 November 2022, Payment date is On or about 18 November 2022.
공시 • Oct 20BEWi ASA (OB:BEWI) acquired Jackon Holding AS from Haas AS and others for an enterprise value of NOK 3.6 billion.BEWi ASA (OB:BEWI) acquired Jackon Holding AS from Haas AS and others for an enterprise value of NOK 3.6 billion on October 19, 2022. On October 15, 2021, agreement had been signed. As per the terms, consideration will be payable in cash and stock. The cash consideration was financed through cash sources available to BEWI. In 2020, Jackon Holding AS had revenues of NOK 3,150 million and an EBITDA of NOK 362 million. The transaction is subject to shareholders representing at least 50% of the shares in Jackon accepting the offer, satisfactory of due diligence, resolution of the BEWI general meeting to issue the consideration shares, Jackon’s board of directors approval, customary closing conditions, the right of first refusal and regulatory approvals. As of October 3, 2021, HAAS AS represent 50% in Jackon Holding has accepted the offer. HAAS AS has chosen to receive its consideration in the form of new BEWI shares. As of October 15, 2021, BEWI has received acceptances of the offer from shareholders holding the remaining 50% of the shares in Jackon. As of June 30, 2022, The Norwegian Competition Authority has approved the transaction. On July 1, 2022, Finland competition authority has approved the transaction. The transaction is expected to be completed during the first half of 2022. As of October 12, 2022, The transaction has received final approvals from all relevant competition authorities. As partial consideration in the Jackon Transaction, the Company’s board of directors has today resolved to increase the Company’s share capital with NOK 32,070,000 by the issuance of 32,070,000 new shares in the Company to HAAS AS, each with a nominal value of NOK 1, at a subscription price of NOK 45.9925 per share. The share capital increase was resolved pursuant to an authorization to increase the Company’s share capital granted by the extraordinary general meeting on 16 February 2022. As a consequence, thereof all conditions for finalising the acquisition of Jackon is now fulfilled. Carnegie AS acted as financial advisor to BEWi ASA. Advokatfirmaet Thommessen AS acted as legal advisor to BEWi ASA. Cirio Advokatbyrå Ab acted as legal advisor to BEWi ASA. BEWi ASA (OB:BEWI) completed acquisition of Jackon Holding AS from Haas AS and others on October 19, 2022.
공시 • Sep 01BEWi ASA (OB:BEWI) completed the acquisition of Baltijos polistirenas, UAB for €28.8 million.BEWi ASA (OB:BEWI) entered into an agreement to acquire Baltijos polistirenas, UAB on July 1, 2022. In year 2021, Baltijos polistirenas reported revenues of approximately €31.0 million and an EBITDA of approximately €4.3 million. The agreed consideration is in line with BEWI's historical M&As, i.e., with an EV/ EBITDA multiple in the range of 5 to 7, whereas 50% will be settled in cash and 50% through issuance of consideration shares in BEWI ASA. The closing of the acquisition is conditional upon customary conditions and is expected in the third quarter of 2022. BEWi ASA (OB:BEWI) completed the acquisition of Baltijos polistirenas, UAB for €28.8 million on August 31, 2022. As per the terms of consideration, 50% has been paid in cash and 50% has been settled by the issuance of 2,238,188 consideration shares in BEWI at a share price of NOK 64.64 per share.
Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: €0.16 (vs €0.095 in 2Q 2021)Second quarter 2022 results: EPS: €0.16 (up from €0.095 in 2Q 2021). Revenue: €277.0m (up 40% from 2Q 2021). Net income: €24.6m (up 71% from 2Q 2021). Profit margin: 8.9% (up from 7.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 23%, compared to a 2.9% growth forecast for the industry in Germany.
공시 • Jul 03BEWi ASA (OB:BEWI) entered into an agreement to acquire Baltijos polistirenas, UAB.BEWi ASA (OB:BEWI) entered into an agreement to acquire Baltijos polistirenas, UAB on July 1, 2022. In year 2021, Baltijos polistirenas reported revenues of approximately EUR 31.0 million and an EBITDA of approximately EUR 4.3 million. The agreed consideration is in line with BEWI's historical M&As, i.e., with an EV/ EBITDA multiple in the range of 5 to 7, whereas 50% will be settled in cash and 50% through issuance of consideration shares in BEWI ASA. The closing of the acquisition is conditional upon customary conditions and is expected in the third quarter of 2022.
Valuation Update With 7 Day Price Move • Jun 17Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €5.57, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 9x in the Chemicals industry in Germany. Total returns to shareholders of 121% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €9.43 per share.
공시 • Jun 11BEWi ASA (OB:BEWI) acquired Berga Recycling Inc.BEWi ASA (OB:BEWI) acquired Berga Recycling Inc. on June 10, 2022. The consideration for 100 percent of the shares of Berga Recycling Inc. will be settled in cash. The consideration is just above BEWI's historical M&A range of an EV/ EBITDA multiple of 5 to 7. For 2021, Berga had sales revenues of approximately CAD 43 million, with an EBITDA margin of approximately 10 percent. The company has shown a sustained profitable growth of more than 20 per cent the last three years. BEWi ASA (OB:BEWI) completed the acquisition of Berga Recycling Inc. on June 10, 2022.
Upcoming Dividend • May 27Upcoming dividend of kr1.10 per shareEligible shareholders must have bought the stock before 03 June 2022. Payment date: 14 June 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (5.1%).
공시 • May 26BEWi ASA (OB:BEWI) acquired remaining 49% stake in Bewi Cellpack A/S from Thomas J. Bladt on May 25, 2022.BEWi ASA (OB:BEWI) acquired remaining 49% stake in Bewi Cellpack A/S from Thomas J. Bladt on May 25, 2022. Thomas J. Bladt will continue as managing director. BEWi ASA (OB:BEWI) completed the acquisition of remaining 49% stake in Bewi Cellpack A/S from Thomas J. Bladt on May 25, 2022.
공시 • May 20BEWi ASA (OB: BEWI) acquired an additional 51% stake in Jablite Ltd. for £10 million.BEWi ASA (OB: BEWI) acquired an additional 51% stake in Jablite Ltd for £10 million on May 18, 2022. Jablite Group has an annual turnover of approximately £40 million. BEWi ASA (OB:BEWI) completed the acquisition of an additional 51% stake in Jablite Ltd on May 18, 2022.
공시 • May 19BEWi ASA (OB:BEWI) acquired remaining 51% stake in Jablite Group for approximately £10 million.BEWi ASA (OB:BEWI) acquired remaining 51% stake in Jablite Group for approximately £10 million on May 18, 2022. The current management of Jablite, including managing director Richard Lee and finance director John Cooper will continue in their roles going forward. Rik Dobbelaere, previous CEO of Synbra Holding and BEWiSynbra Group, and director of the board of BEWI ASA, has been director of the board of Jablite since BEWI's acquisition of the 49 per cent stake in 2020. The annual turnover of Jablite Group was approximately £40 million. BEWi ASA (OB:BEWI) completed the acquisition of remaining 51% stake in Jablite Group on May 18, 2022.
Reported Earnings • Apr 29Full year 2021 earnings released: EPS: €0.23 (vs €0.21 in FY 2020)Full year 2021 results: EPS: €0.23 (up from €0.21 in FY 2020). Revenue: €748.2m (up 62% from FY 2020). Net income: €35.7m (up 19% from FY 2020). Profit margin: 4.8% (down from 6.5% in FY 2020). Over the next year, revenue is forecast to grow 35%, compared to a 10% growth forecast for the industry in Germany.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Maria Schauman was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • Mar 09Chief Operating Officer recently sold €311k worth of stockOn the 2nd of March, Jonas Siljeskar sold around 50k shares on-market at roughly €6.22 per share. This was the largest sale by an insider in the last 3 months. Jonas has been a seller over the last 12 months, reducing personal holdings by €238k.
Reported Earnings • Feb 25Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €0.23 (up from €0.21 in FY 2020). Revenue: €748.2m (up 62% from FY 2020). Net income: €35.7m (up 19% from FY 2020). Profit margin: 4.8% (down from 6.5% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.9%. Over the next year, revenue is forecast to grow 51%, compared to a 6.7% growth forecast for the industry in Germany.
Buying Opportunity • Feb 25Now 25% undervaluedOver the last 90 days, the stock is up 13%. The fair value is estimated to be €8.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% per annum over the last 3 years. Earnings per share has grown by 76% per annum over the last 3 years.
공시 • Feb 24BEWi ASA Proposes Dividend for the Financial Year of 2021BEWi ASA proposed to the general meeting to pay a dividend of NOK 1.10 per share for the financial year of 2021. The proposal is line with the company’s dividend policy to pay out 30 to 50% of net profit.
공시 • Feb 17+ 1 more updateBEWi ASA Approves Board and Committee AppointmentsBEWi ASA approved the election of Liv Malvik as chair of the nomination committee and Roor Husby as members of the nomination committee for the period until the annual general meeting of 2024, at its EGM held on Feb. 16, 2022.
Buying Opportunity • Jan 20Now 20% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be €8.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% per annum over the last 3 years. Earnings per share has grown by 86% per annum over the last 3 years.
Valuation Update With 7 Day Price Move • Dec 10Investor sentiment improved over the past weekAfter last week's 16% share price gain to €6.90, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 10x in the Chemicals industry in Germany.
공시 • Nov 25BEWi ASA (OB:BEWI) completed the acquisition of Kemisol Group from a family.BEWi ASA (OB:BEWI) agreed to acquire Kemisol Group from a family on October 29, 2021. BEWI will pay the consideration for the shares in cash through available sources. Kemisol reported revenue of €24.7 million and EBIDTA of €4.5 million as of December 31, 2020. Closing of the acquisition is conditional upon customary conditions specified in agreement and is expected in November 2021. Kemisol’s financials will be consolidated into BEWI’s accounts from 1 December 2021. BEWi ASA (OB:BEWI) completed the acquisition of Kemisol Group from a family on November 24, 2021.
Reported Earnings • Nov 04Third quarter 2021 earnings released: EPS €0.082 (vs €0.04 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €193.0m (up 58% from 3Q 2020). Net income: €12.8m (up 125% from 3Q 2020). Profit margin: 6.6% (up from 4.7% in 3Q 2020). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment improved over the past weekAfter last week's 18% share price gain to €6.36, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 11x in the Chemicals industry in Germany.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment improved over the past weekAfter last week's 17% share price gain to €4.54, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Chemicals industry in Germany.
Valuation Update With 7 Day Price Move • Sep 01Investor sentiment improved over the past weekAfter last week's 18% share price gain to €3.23, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Chemicals industry in Germany.
Recent Insider Transactions • Aug 14Chief Operating Officer recently bought €72k worth of stockOn the 12th of August, Jonas Siljeskar bought around 24k shares on-market at roughly €2.97 per share. This was the largest purchase by an insider in the last 3 months. This was Jonas' only on-market trade for the last 12 months.
Reported Earnings • Aug 12Second quarter 2021 earnings releasedThe company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: €198.1m (up 92% from 2Q 2020). Net income: €14.4m (up 71% from 2Q 2020). Profit margin: 7.3% (down from 8.2% in 2Q 2020).
Reported Earnings • May 22First quarter 2021 earnings releasedThe company reported a mediocre first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: €148.9m (up 45% from 1Q 2020). Net loss: €1.10m (down 148% from profit in 1Q 2020).
Reported Earnings • Apr 24Full year 2020 earnings released: EPS €0.21 (vs €0.04 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €462.6m (up 7.6% from FY 2019). Net income: €30.1m (up 438% from FY 2019). Profit margin: 6.5% (up from 1.3% in FY 2019).