View Future GrowthCombinedX 과거 순이익 실적과거 기준 점검 2/6CombinedX은 연평균 13.7%의 비율로 수입이 증가해 온 반면, IT 산업은 수입이 7.1% 증가했습니다. 매출은 연평균 13.4%의 비율로 증가했습니다. CombinedX의 자기자본이익률은 7%이고 순이익률은 3.6%입니다.핵심 정보13.67%순이익 성장률8.73%주당순이익(EPS) 성장률IT 산업 성장률13.97%매출 성장률13.42%자기자본이익률6.96%순이익률3.64%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트Reported Earnings • Oct 26Third 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 22Second 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.Reported Earnings • May 08First 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.Reported Earnings • Feb 08Full 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 29Third 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.모든 업데이트 보기Recent updates공지 • Feb 12CombinedX AB (publ) announces Annual dividend, payable on May 13, 2026CombinedX 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.공지 • Nov 27CombinedX AB (publ), Annual General Meeting, May 06, 2026CombinedX AB (publ), Annual General Meeting, May 06, 2026.공지 • May 13CombinedX 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.공지 • Feb 14CombinedX AB (publ), Annual General Meeting, May 07, 2025CombinedX AB (publ), Annual General Meeting, May 07, 2025.Reported Earnings • Oct 26Third 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 22Second 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 20Investor 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 08First 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 01Upcoming dividend of kr2.00 per shareEligible 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 10New minor risk - Shareholder dilutionThe 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 27Independent Chairman of the Board recently sold €929k worth of stockOn 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 08Full 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 29Third 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 28Upcoming dividend of kr1.05 per share at 2.9% yieldEligible 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 14No independent directorsFollowing 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 02No independent directorsFollowing 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.공지 • Jan 12CombinedX 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 21No independent directorsFollowing 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.매출 및 비용 세부 내역CombinedX가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이DB:K13 매출, 비용 및 순이익 (SEK Millions)날짜매출순이익일반관리비연구개발비31 Mar 269683573031 Dec 259493872030 Sep 259334767030 Jun 259294666031 Mar 259465167031 Dec 249315171030 Sep 248835376030 Jun 248416375031 Mar 247827068031 Dec 237667164030 Sep 237566268030 Jun 237305067031 Mar 236994167031 Dec 226513564030 Sep 226023658030 Jun 225863952031 Mar 225765150031 Dec 215604946030 Sep 215503146030 Jun 21549249031 Mar 21543-1127031 Dec 20533-1558030 Sep 20486-873030 Jun 204601583031 Mar 20418-1132031 Dec 19389-2122031 Oct 193942123031 Jul 1937711118030 Apr 193658114031 Jan 1934015101031 Oct 183152188031 Jul 182731079030 Apr 182501775030 Apr 171941452030 Apr 161761470양질의 수익: K13는 고품질 수익을 보유하고 있습니다.이익 마진 증가: K13의 현재 순 이익률 (3.6%)은 지난해 (5.3%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: K13는 지난 5년 동안 흑자전환하며 연평균 13.7%의 수익 성장을 기록했습니다.성장 가속화: K13은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.수익 대 산업: K13은 지난 1년 동안 수익이 감소(-30.3%)하여 IT 업계 평균(-12%)과 비교하기 어렵습니다.자기자본이익률높은 ROE: K13의 자본 수익률(7%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YSoftware 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/06 09:23종가2026/05/06 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 소스CombinedX AB (publ)는 1명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Fredrik NilssonRedeye
Reported Earnings • Oct 26Third 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 22Second 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.
Reported Earnings • May 08First 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.
Reported Earnings • Feb 08Full 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 29Third 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.
공지 • Feb 12CombinedX AB (publ) announces Annual dividend, payable on May 13, 2026CombinedX 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.
공지 • Nov 27CombinedX AB (publ), Annual General Meeting, May 06, 2026CombinedX AB (publ), Annual General Meeting, May 06, 2026.
공지 • May 13CombinedX 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.
공지 • Feb 14CombinedX AB (publ), Annual General Meeting, May 07, 2025CombinedX AB (publ), Annual General Meeting, May 07, 2025.
Reported Earnings • Oct 26Third 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 22Second 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 20Investor 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 08First 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 01Upcoming dividend of kr2.00 per shareEligible 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 10New minor risk - Shareholder dilutionThe 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 27Independent Chairman of the Board recently sold €929k worth of stockOn 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 08Full 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 29Third 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 28Upcoming dividend of kr1.05 per share at 2.9% yieldEligible 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 14No independent directorsFollowing 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 02No independent directorsFollowing 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.
공지 • Jan 12CombinedX 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 21No independent directorsFollowing 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.