Board Change • 23h
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Mikael Vaezi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Mar 27
Alcadon Group AB (publ), Annual General Meeting, Apr 29, 2026 Alcadon Group AB (publ), Annual General Meeting, Apr 29, 2026, at 10:00 W. Europe Standard Time. Location: kanter advokatbyra, engelbrektsgatan 3, stockholm Sweden 공시 • Jan 15
Alcadon Group AB (Publ) Decides to Discontinue the Operational Activities of Alcadon GmbH Alcadon Group has decided to discontinue the operational activities of Alcadon GmbH (Germany) and prioritise geographies and market segments with stronger gross margins and lower tied-up capital. The discontinuation will be completed in 2026 and affects two locally employed staff, who during the discontinuation period will focus on sell-out of remaining inventory. From December 2025, the German operations will be reported separately in Alcadon Group's income statement as discontinued operations in accordance with IFRS 5 and will therefore not be included in Alcadon Group's adjusted operating profit (EBITA adjusted) for the fourth quarter and full year 2025. The decision to discontinue the German operations is based on a long-term analysis of Alcadon Group's current operations in eight European countries within three main market segments: structured cabling, data centres and broadband. Since 2024, the European broadband market has changed significantly, with a clear decline in demand and, consequently, increased competition and pressure on margins. The reason for decreased demand is that several countries have now reached high levels of broadband-connected homes, while planned broadband rollouts in markets with lower degree of connected homes have stalled for various reasons. The current operations in Germany are heavily dependent on the broadband segment, and the changed market situation has had a negative impact on us, resulting in losses over a longer period. Over the past year, company have implemented both management changes and cost adjustments in Germany, while continued low demand has led to increased margin pressure to such an extent that the measures undertaken have not been sufficient. In addition, company have a challenge with large inventory levels of customer-specific products in Germany that are at risk of obsolescence. Although long-term assessment is that the broadband roll-out in Germany will continue and over time come on a par with other countries, the competition for broadband projects is predicted to be so fierce that company's current operations in Germany, with only one market segment to stand on, will not contribute to the Group's financial targets in the foreseeable future. Alcadon Group has therefore decided to discontinue its operations in Germany and prioritise geographies and market segments where company can achieve stronger gross margins with higher capital efficiency. At the same time, the remaining subsidiaries need to complete ongoing adjustments to new market conditions and continue their work on strengthening profitability in order to create long-term increased shareholder value. 공시 • Mar 28
Alcadon Group AB (publ), Annual General Meeting, Apr 29, 2025 Alcadon Group AB (publ), Annual General Meeting, Apr 29, 2025, at 10:00 W. Europe Standard Time. Location: at kanter advokatbyra, engelbrektsgatan 3, stockholm Sweden New Risk • Jan 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (€60.6m market cap, or US$62.1m). Board Change • Dec 30
Less than half of directors are independent Following 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. Non-Independent Director Mikael Vaezi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €2.62, the stock trades at a trailing P/E ratio of 16.8x. Average forward P/E is 16x in the Electronic industry in Germany. Total returns to shareholders of 9.4% over the past year. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: kr0.22 (vs kr0.63 in 3Q 2023) Third quarter 2024 results: EPS: kr0.22 (down from kr0.63 in 3Q 2023). Revenue: kr390.9m (up 2.5% from 3Q 2023). Net income: kr5.40m (down 61% from 3Q 2023). Profit margin: 1.4% (down from 3.6% in 3Q 2023). 공시 • Sep 30
Alcadon Group AB (Publ) Announces Board Changes The Board of Directors of Alcadon Group AB (publ) decided to appoint Jonas Mårtensson, the current Vice Chairman, as acting Chairman of the Board for the period until Fredrik Valentin takes office. Pierre Fors will remain as a Board member during this period. Reported Earnings • Aug 11
Second quarter 2024 earnings released: EPS: kr0.45 (vs kr0.10 loss in 2Q 2023) Second quarter 2024 results: EPS: kr0.45 (up from kr0.10 loss in 2Q 2023). Revenue: kr425.3m (up 15% from 2Q 2023). Net income: kr11.0m (up kr13.2m from 2Q 2023). Profit margin: 2.6% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Recent Insider Transactions • Jun 03
CEO & President recently bought €11k worth of stock On the 28th of May, Sonny Mirborn bought around 4k shares on-market at roughly €2.93 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Sonny has been a buyer over the last 12 months, purchasing a net total of €30k worth in shares. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: kr0.62 (vs kr0.56 in 1Q 2023) First quarter 2024 results: EPS: kr0.62 (up from kr0.56 in 1Q 2023). Revenue: kr399.4m (up 2.7% from 1Q 2023). Net income: kr13.6m (up 17% from 1Q 2023). Profit margin: 3.4% (up from 3.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €3.17, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Electronic industry in Germany. Total loss to shareholders of 25% over the past year. 공시 • Apr 17
Sonny Mirborn to Leave Alcadon Group AB (publ) as Group CEO in October 2024 Alcadon Group AB (publ) announced that Group CEO, Sonny Mirborn has informed the Board of the company that he wishes to leave his role to take up the position as Group CEO of an unlisted company in an industry that is not related to Alcadon's business. The Board will immediately initiate a recruitment process to find a new Group CEO. Sonny Mirborn will continue to work as Group CEO during the notice period. 공시 • Apr 03
Alcadon Group AB (publ) (OM:ALCA) completed the acquisition of Lewralos Limited from Keith Mahony and Derek Finlay. Alcadon Group AB (publ) (OM:ALCA) signed an agreement to acquire Lewralos Limited from Keith Mahony and Derek Finlay for €13 million on March 6, 2024. The purchase price on a cash and debt-free basis amounts to €10.1 million, of which up to 25% of the purchase price is paid through a new issue of shares in Alcadon to the Sellers by way of an issue-in-kind upon closing, which is expected to take place on 2 April 2024, and the remainder will be settled in cash. A conditioned based purchase price of a maximum of €2.9 million may be paid if certain conditions are met during the period up until and including three years after closing, which part of the additional purchase price can be paid through a set-off issue, subject to the approval of the general meeting. The acquisition will be financed through a combination of cash and shares in Alcadon and bank facilities. The main part of the bank facility is short-term and intended to be used to refinance existing cash position in Wood Communications, which will be settled shortly following closing date. The acquisition includes taking of Wood Communications Ltd. Following the acquisition, Keith Mahony, Managing Director, and Derek Finlay, Sales Director, will become significant owners of Alcadon Group. Wood Communications will continue to operate an independent company within the Alcadon group in line with Alcadon’s strategy of working with decentralized business units with synergy potential. The transaction is expected to take place on 2 April 2024.
Alcadon Group AB (publ) (OM:ALCA) completed the acquisition of Lewralos Limited from Keith Mahony and Derek Finlay on April 2, 2024. Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: kr1.76 (vs kr1.86 in FY 2022) Full year 2023 results: EPS: kr1.76. Revenue: kr1.57b (up 42% from FY 2022). Net income: kr37.9m (up 2.4% from FY 2022). Profit margin: 2.4% (down from 3.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. 공시 • Mar 26
Alcadon Group AB (publ), Annual General Meeting, Apr 26, 2024 Alcadon Group AB (publ), Annual General Meeting, Apr 26, 2024, at 10:00 Central European Standard Time. Location: Courtyard by Marriott hotel on Kungsholmen Stockholm Sweden 공시 • Mar 08
Alcadon Group AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 75.000018 million. Alcadon Group AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 75.000018 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 2,054,795
Price\Range: SEK 36.5
Transaction Features: Subsequent Direct Listing Reported Earnings • Feb 25
Full year 2023 earnings released: EPS: kr1.76 (vs kr1.86 in FY 2022) Full year 2023 results: EPS: kr1.76. Revenue: kr1.58b (up 42% from FY 2022). Net income: kr37.9m (up 2.2% from FY 2022). Profit margin: 2.4% (down from 3.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electronic industry in Germany. New Risk • Jan 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (2.4% net profit margin). Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Market cap is less than US$100m (€71.4m market cap, or US$77.7m). Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €3.00, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Electronic industry in Germany. New Risk • Nov 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of 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: Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Profit margins are more than 30% lower than last year (2.4% net profit margin). Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Market cap is less than US$100m (€57.7m market cap, or US$61.5m). Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: kr0.63 (vs kr0.25 in 3Q 2022) Third quarter 2023 results: EPS: kr0.63 (up from kr0.25 in 3Q 2022). Revenue: kr381.4m (up 32% from 3Q 2022). Net income: kr13.7m (up 169% from 3Q 2022). Profit margin: 3.6% (up from 1.8% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Germany. Reported Earnings • Aug 13
Second quarter 2023 earnings released: kr0.10 loss per share (vs kr0.40 profit in 2Q 2022) Second quarter 2023 results: kr0.10 loss per share (down from kr0.40 profit in 2Q 2022). Revenue: kr371.1m (up 72% from 2Q 2022). Net loss: kr2.20m (down 128% from profit in 2Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Recent Insider Transactions • Jul 06
Chief Executive Officer of Sweden recently bought €7.4k worth of stock On the 27th of June, Magnus Larsson bought around 2k shares on-market at roughly €3.71 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €36k. Insiders have collectively bought €104k more in shares than they have sold in the last 12 months. Reported Earnings • May 01
First quarter 2023 earnings released: EPS: kr0.56 (vs kr0.55 in 1Q 2022) First quarter 2023 results: EPS: kr0.56 (up from kr0.55 in 1Q 2022). Revenue: kr388.8m (up 90% from 1Q 2022). Net income: kr11.6m (up 9.4% from 1Q 2022). Profit margin: 3.0% (down from 5.2% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Germany. Buying Opportunity • Apr 28
Now 28% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €5.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 18%. Buying Opportunity • Apr 11
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €5.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings is also forecast to grow by 29% per annum over the same time period. Board Change • Apr 01
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Lars Engstrom was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Oct 29
Alcadon Group AB (publ) to Report Fiscal Year 2022 Results on Feb 21, 2023 Alcadon Group AB (publ) announced that they will report fiscal year 2022 results at 8:00 AM, Central European Standard Time on Feb 21, 2023