New Risk • Jul 15
New major risk - Revenue and earnings growth Earnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€68.5m market cap, or US$78.5m). Reported Earnings • Jul 15
Second quarter 2026 earnings released: EPS: kr0.64 (vs kr0.20 loss in 2Q 2025) Second quarter 2026 results: EPS: kr0.64 (up from kr0.20 loss in 2Q 2025). Revenue: kr63.8m (up 12% from 2Q 2025). Net income: kr8.00m (up kr10.6m from 2Q 2025). Profit margin: 13% (up from net loss in 2Q 2025). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Board Change • May 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Director Martin Gren was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공고 • Mar 18
LumenRadio AB (publ), Annual General Meeting, Apr 24, 2026 LumenRadio AB (publ), Annual General Meeting, Apr 24, 2026, at 10:00 W. Europe Standard Time. Location: at johan willins gata 6, gothenburg 416 64 Sweden Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: kr0.91 (vs kr1.48 in 3Q 2023) Third quarter 2024 results: EPS: kr0.91 (down from kr1.48 in 3Q 2023). Revenue: kr66.5m (down 6.0% from 3Q 2023). Net income: kr11.4m (down 39% from 3Q 2023). Profit margin: 17% (down from 27% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. 공고 • Oct 15
LumenRadio AB (publ), Annual General Meeting, Apr 25, 2025 LumenRadio AB (publ), Annual General Meeting, Apr 25, 2025, at 10:00 W. Europe Standard Time. Reported Earnings • Jul 16
Second quarter 2024 earnings released: EPS: kr0.50 (vs kr1.04 in 2Q 2023) Second quarter 2024 results: EPS: kr0.50 (down from kr1.04 in 2Q 2023). Revenue: kr64.8m (down 1.1% from 2Q 2023). Net income: kr6.32m (down 51% from 2Q 2023). Profit margin: 9.7% (down from 20% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Reported Earnings • Apr 24
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr46.8m (down 27% from 1Q 2023). Net income: kr1.94m (down 84% from 1Q 2023). Profit margin: 4.1% (down from 19% in 1Q 2023). The decrease in margin was driven by lower revenue. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: kr3.80 (vs kr2.97 in FY 2022) Full year 2023 results: EPS: kr3.80 (up from kr2.97 in FY 2022). Revenue: kr257.9m (up 28% from FY 2022). Net income: kr47.3m (up 40% from FY 2022). Profit margin: 18% (up from 17% in FY 2022). The increase in margin was driven by higher revenue. Reported Earnings • Nov 03
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr70.7m (up 32% from 3Q 2022). Net income: kr18.9m (up 71% from 3Q 2022). Profit margin: 27% (up from 21% in 3Q 2022). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €11.22, the stock trades at a trailing P/E ratio of 37.8x. Average trailing P/E is 19x in the Communications industry in Europe. New Risk • Nov 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company. Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Sabina Linden was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 28
Second quarter 2023 earnings released: EPS: kr1.04 (vs kr0.97 in 2Q 2022) Second quarter 2023 results: EPS: kr1.04 (up from kr0.97 in 2Q 2022). Revenue: kr65.6m (up 22% from 2Q 2022). Net income: kr12.9m (up 17% from 2Q 2022). Profit margin: 20% (in line with 2Q 2022). Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €9.48, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 20x in the Communications industry in Europe. Board Change • Jul 26
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Sabina Linden was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공고 • Jul 14
LumenRadio AB (publ) (OM:LUMEN) entered into agreement to acquire Radiocrafts AS for NOK 85 million. LumenRadio AB (publ) (OM:LUMEN) entered into agreement to acquire Radiocrafts AS for NOK 85 million on July 13, 2023. After the transaction, Radiocrafts will operate as a separate business area within LumenRadio, with Peder Martin Evjen, co-founder and CEO of the company, joining LumenRadio's management team. The purchase price for Radiocrafts is set at 85 MNOK, with a potential additional purchase price of up to 30 MNOK, which payment will be finalized in the first quarter of 2026, subject to the achievement of certain profitability targets. The transaction is expected to be completed on September 1, 2023. 
