View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsNetmore Group 향후 성장Future 기준 점검 2/6Netmore Group (는) 각각 연간 56.4% 및 26.4% 수익과 수익이 증가할 것으로 예상됩니다.핵심 정보56.4%이익 성장률n/aEPS 성장률Wireless Telecom 이익 성장47.3%매출 성장률26.4%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트31 Oct 2023최근 향후 성장 업데이트Breakeven Date Change • Nov 01No longer forecast to breakevenThe analyst covering Netmore Group no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr21.0m in 2024. New forecast suggests the company will make a loss of kr20.6m in 2024.Breakeven Date Change • Aug 28Forecast to breakeven in 2024The analyst covering Netmore Group expects the company to break even for the first time. New forecast suggests the company will make a profit of kr21.0m in 2024. Average annual earnings growth of 116% is required to achieve expected profit on schedule.Breakeven Date Change • Dec 15Forecast to breakeven in 2024The analyst covering Netmore Group expects the company to break even for the first time. New forecast suggests the company will make a profit of kr7.30m in 2024. Average annual earnings growth of 70% is required to achieve expected profit on schedule.모든 업데이트 보기Recent updates공지 • Oct 30Netmore Group AB (publ) agreed to acquire Everynet BV.Netmore Group AB (publ) agreed to acquire Everynet BV on October 30, 2024. The acquisition of Everynet adds more than 1 million provisioned sensors spanning a range of key Netmore use cases, including approximately 400,000 track-and-trace devices, 300,000 smart gas meters, 200,000 smart water meters, and multiple additional LoRaWAN use cases, bringing total active devices under Netmore management to over 2.3 million. The acquisition, pending regulatory approval, will expand Netmore’s direct presence to 17 countries, positioning the company as the top LoRaWAN network operator in the world.공지 • Aug 13Bredband2 i Skandinavien AB (publ) (OM:BRE2) agreed to acquire Bredbandsson AB from Netmore Group AB (publ) for SEK 18.5 million.Bredband2 i Skandinavien AB (publ) (OM:BRE2) agreed to acquire Bredbandsson AB from Netmore Group AB (publ) for SEK 18.5 million on August 12, 2024. For the period ending December 31, 2023, Bredbandsson AB reported a turnover of SEK 20 million. The transaction is subject to approval from the Inspectorate for Strategic Products. The expected completion of the transaction is September 1, 2024.공지 • May 16Netmore Group Appoints Lim Perng as Head of Sales, APACNetmore Group announced it is expanding its IoT business into the Asia Pacific region to address growing demand for sensor-based utility and municipal infrastructure monitoring and energy management solutions. With this expansion, Netmore has named Lim Perng as Head of Sales, APAC. Lim brings over 15 years of success in the telecommunications industry and a proven track record of driving business growth and forging strategic partnerships across the Asia Pacific region.공지 • Feb 07Netmore Group AB (publ) (OM:NETM B) acquired Senet, Inc.Netmore Group AB (publ) (OM:NETM B) acquired Senet, Inc. on February 6, 2024. Q Advisors acted as the exclusive financial advisor to Senet. Redeye AB is the Netmore Group's certified adviser.Netmore Group AB (publ) (OM:NETM B) completed the acquisition of Senet, Inc. on February 6, 2024.공지 • Nov 17Netmore Group AB (publ) (OM:NETM B) acquired Objenious LoRaWAN assets of Bouygues Telecom.Netmore Group AB (publ) (OM:NETM B) acquired Objenious LoRaWAN assets of Bouygues Telecom on November 15, 2023. This acquisition, facilitated by its owner, Polar Structure, ensures the network’s continued operation to support long-term projects enabled by a European vision of the market and sustainable network infrastructure deployments. Netmore Group AB (publ) (OM:NETM B) completed the acquisition of Objenious LoRaWAN assets of Bouygues Telecom on November 15, 2023.Breakeven Date Change • Nov 01No longer forecast to breakevenThe analyst covering Netmore Group no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr21.0m in 2024. New forecast suggests the company will make a loss of kr20.6m in 2024.Board Change • Oct 06High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Chairman of the Board Karim Sahibzada was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.New Risk • Aug 28New major risk - Revenue and earnings growthEarnings have declined by 18% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-kr61m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 18% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€27.0m market cap, or US$29.2m).Breakeven Date Change • Aug 28Forecast to breakeven in 2024The analyst covering Netmore Group expects the company to break even for the first time. New forecast suggests the company will make a profit of kr21.0m in 2024. Average annual earnings growth of 116% is required to achieve expected profit on schedule.Reported Earnings • Aug 28Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: kr21.6m (up 83% from 2Q 2022). Net loss: kr14.0m (loss narrowed 14% from 2Q 2022). Revenue is forecast to grow 48% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Wireless Telecom industry in Europe.New Risk • Aug 27New major risk - Revenue and earnings growthEarnings have declined by 23% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-kr58m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 23% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (kr15m net loss next year). Market cap is less than US$100m (€26.9m market cap, or US$29.0m).Reported Earnings • May 03First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: kr35.4m (up 196% from 1Q 2022). Net income: kr2.11m (up kr18.2m from 1Q 2022). Profit margin: 6.0% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 46% p.a. on average during the next 2 years, compared to a 1.3% growth forecast for the Wireless Telecom industry in Europe.Reported Earnings • Feb 18Full year 2022 earnings released: kr0.21 loss per share (vs kr0.31 loss in FY 2021)Full year 2022 results: kr0.21 loss per share (improved from kr0.31 loss in FY 2021). Revenue: kr57.8m (up 20% from FY 2021). Net loss: kr66.7m (loss narrowed 5.6% from FY 2021).공지 • Jan 27Melita Limited acquired Netmore M2M Ab from Netmore Group AB (publ) (OM:NETM B) for €4.35 million.Melita Limited acquired Netmore M2M Ab from Netmore Group AB (publ) (OM:NETM B) for €4.35 million on January 26, 2023. Melita Limited acquired Netmore M2M Ab for an initial cash purchase price of €1.75 million, plus a conditional additional cash purchase price of up to a further €2.6 million. Subject to target achievement, the additional purchase price 1 will accrue to Netmore Group in Q1 2024 and the additional purchase price 2 in Q3 2024. Melita Limited completed the acquisition of Netmore M2M Ab from Netmore Group AB (publ) (OM:NETM B) on January 26, 2023.Breakeven Date Change • Dec 15Forecast to breakeven in 2024The analyst covering Netmore Group expects the company to break even for the first time. New forecast suggests the company will make a profit of kr7.30m in 2024. Average annual earnings growth of 70% is required to achieve expected profit on schedule.Board Change • Nov 16High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Chairman of the Board Rolf Norberg is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Nov 13Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: kr12.4m (down 5.1% from 3Q 2021). Net loss: kr15.0m (loss narrowed 4.0% from 3Q 2021). Revenue is forecast to grow 56% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Wireless Telecom industry in Europe.공지 • Aug 26Netmore Group AB (Publ) Announces CFO ChangesNetmore Group AB (publ) announced that CFO Thomas Plate is stepping down, in a joint agreement with the company. Peter Magnusson, who worked previously as CFO of nShift, was named his successor from September 1, 2022.Reported Earnings • May 16First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: kr13.4m (up 16% from 1Q 2021). Net loss: kr16.1m (loss narrowed 25% from 1Q 2021). Over the next year, revenue is forecast to grow 37%, compared to a 1.7% growth forecast for the industry in Germany.Board Change • Apr 27High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Chairman of the Board Rolf Norberg is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Feb 20Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: kr0.22 loss per share (up from kr0.38 loss in FY 2020). Revenue: kr54.1m (up 30% from FY 2020). Net loss: kr70.7m (loss widened 18% from FY 2020). Revenue missed analyst estimates by 8.9%. Over the next year, revenue is forecast to grow 15%, compared to a 2.8% growth forecast for the industry in Germany.Reported Earnings • Nov 13Third quarter 2021 earnings releasedThe company reported a solid third quarter result with improved revenues and control over costs, although losses increased. Third quarter 2021 results: Revenue: kr14.3m (up 16% from 3Q 2020). Net loss: kr15.6m (loss widened 13% from 3Q 2020).공지 • Sep 19Netmore Launches IoT Marketplace that Presents 30 Turnkey SolutionsNetmore Group launched a marketplace for players within IoT. The marketplace gathers and presents turnkey solutions in a wide range of application areas from a growing number of international service developers, sensor manufacturers and platform developers. Netmore's nationwide LoRaWAN supplies the units in the various solutions with reliable and cost-effective connectivity and guarantees coverage for large-scale projects. At the time of launch, Netmore IoT Market offers over 30 ready-made IoT solutions in areas such as water, heating, parking, air quality and tracking. The applications and solutions presented have been developed by the more than 70 different companies and organizations that are already connected to the marketplace. Below is a selection of the current offer on the marketplace: H2OIoT: Water Consumption & Supervision - Reduce water consumption in property portfolio by visualizing water consumption down to the individual level. Reduces costs and increases resource efficiency.; Bintel Fill level measurement in Molok and UWS containers - Switch to demand-controlled emptying of waste by optimizing emptying routes. Reduces costs and reduces climate impact.; Talkpool Indoor Air Quality Solution - Ensure the right air quality in, for example, schools and offices. Counteracts the spread of covid-19. Present ready-made IoT solutions or offer sensors, meters, and other devices to potential buyers Netmore offers and encourages established and new service developers, sensor manufacturers and other IoT players to present their solutions and offers in the marketplace, and thereby strengthen their position in the emerging international IoT landscape, where more and more cities, municipalities, industries and property owners see the concrete benefits of digitization. Great efficiency gains to be reaped for municipalities, private companies, and real estate companies The ongoing digitalisation journey that is taking place in municipalities, cities, industries, and properties, among others, is judged to have very great potential for creating efficiency gains and competitive advantages in many application areas. Data collected with the help of IoT can already be used to, for example, enable energy savings, minimize resource use and waste, track goods and optimize and plan logistics chains. Netmore brings together the players in the IoT market to market and make visible the great opportunities that exist, so that more companies, municipalities, and organizations can improve their operations through digitization.Reported Earnings • Aug 26Second quarter 2021 earnings releasedThe company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: kr13.3m (up 15% from 2Q 2020). Net loss: kr19.5m (loss widened 28% from 2Q 2020).Recent Insider Transactions • Jul 01Chief Product Officer recently sold €80k worth of stockOn the 24th of June, Andreas Eriksson sold around 539k shares on-market at roughly €0.15 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Reported Earnings • May 20First quarter 2021 earnings releasedThe company reported a mediocre first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: kr11.6m (up 49% from 1Q 2020). Net loss: kr21.6m (loss widened 114% from 1Q 2020).공지 • May 14Buildroid Invest AB made an offer to acquire remaining Series B shares of Netmore Group AB (publ) (OM:NETM B).Buildroid Invest AB made an offer to acquire remaining Series B shares of Netmore Group AB (publ) (OM:NETM B) on May 11, 2021. As per terms of transaction, Buildroid Invest AB will pay SEK 1.5 for each share as well as the convertible bonds at 100 percent of the nominal amount plus accrued interest. The acceptance deadline is June 25, 2021.공지 • Mar 05Netmore Group AB (publ) (OM:NETM B) completed the acquisition of Nordic Iot Networks Ab from TalkPool AB.Netmore Group AB (publ) (OM:NETM B) agreed to acquire Nordic Iot Networks Ab from TalkPool AB for SEK 7.5 million on December 30, 2020. Under the terms, Netmore Group AB will satisfy the consideration with the issue of SEK 3.5 million worth shares and SEK 4 million debt. The transaction will take place on February 15, 2021. Netmore Group AB (publ) (OM:NETM B) completed the acquisition of Nordic Iot Networks Ab from TalkPool AB on March 4, 2021.공지 • Feb 10Niam Chooses Netmore's Turnkey 5G Solution for Rollout of Open 5G Infrastructure in Its Nordic Property PortfolioNiam chooses Netmore as its 5G operator when they begin the implementation of open 5G infrastructure for indoor use in their properties. Netmore delivers a turnkey 5G solution without any need for CAPEX investments or operation and maintenance work for the property owner (5G-as-a-service). The solution enables property owners to use the technology themselves, while mobile operators can use the infrastructure and offer 5G services at the location. By doing so, Niam and Netmore initiate an extensive venture that begins with a pilot in Niam's properties in one of Stockholm's new districts (Värtahamnen), along with selected properties in the other Nordic countries. Following this, the ambition is to establish the open 5G technology throughout large parts of Niam's property portfolio in the Nordic region. Because Niam's property portfolio is equipped with Netmore's 5G solution, it also means that the properties will be connected to Netmore's property network and will therefore take part of Netmore's complete property offer. The flagship product, Netmore Proptech Node, is installed in each property, thereby giving property owners and property managers full control and access to their digital environment. With the help of the node, a foundation is laid for secure, digitized and efficient property management. In addition to 5G compatibility, Netmore Proptech Node also offers support for fiber connections, Wi-Fi and LoRaWAN. Netmore's turnkey 5G offer to property owners is specifically designed to suit the particular conditions that arise when establishing the new technology on a large scale. The secure solution is adapted to extensive rollouts at high speed and does not require CAPEX investments. Additionally, Netmore introduces a transparent pricing model for all stakeholders using the infrastructure. Furthermore, the maintenance and management of the network is carried out by Netmore, which in its role as operator of 5G networks in real estate, ensures that the technology is of the highest quality and is adapted to the various needs arising from 5G technology usage.공지 • Jan 01Netmore Group AB (publ) (OM:NETM B) agreed to acquire Nordic Iot Networks Ab from TalkPool AB for SEK 7.5 million.Netmore Group AB (publ) (OM:NETM B) agreed to acquire Nordic Iot Networks Ab from TalkPool AB for SEK 7.5 million on December 30, 2020. Under the terms, Netmore Group AB will satisfy the consideration with the issue of SEK 3.5 million worth shares and SEK 4 million debt. The transaction will take place on February 15, 2021.이익 및 매출 성장 예측DB:98B - 애널리스트 향후 추정치 및 과거 재무 데이터 (SEK Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2024113-21N/A-5112/31/202384-42N/A-5519/30/202384-46-63-60N/A6/30/202368-46-61-57N/A3/31/202359-32-58-54N/A12/31/202254-67-58-54N/A9/30/202248-61-64-54N/A6/30/202249-62-64-54N/A3/31/202249-65-56-49N/A12/31/202148-71-60-51N/A9/30/202147-77-81-44N/A6/30/202147-75-82-45N/A3/31/202147-71-86-46N/A12/31/202042-60-76-39N/A9/30/202038-50-44-38N/A6/30/202033-38-45-39N/A12/31/201919-23-28-22N/A9/30/201912-24-16-15N/A6/30/20195-28-13-12N/A3/31/20194-31-9-9N/A12/31/20183-30-15-15N/A9/30/20184-25-19-18N/A6/30/20185-25-18-17N/A3/31/20186-25-27-26N/A12/31/20179-23-23-22N/A12/31/20165-16N/A6N/A4/30/20163-8N/A-9N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 98B 향후 3년 동안 수익성이 없을 것으로 예상됩니다.수익 vs 시장: 98B 향후 3년 동안 수익성이 없을 것으로 예상됩니다.고성장 수익: 98B 향후 3년 동안 수익성이 없을 것으로 예상됩니다.수익 대 시장: 98B 의 수익(연간 26.4%)이 German 시장(연간 6.5%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 98B 의 수익(연간 26.4%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 98B의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YTelecom 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/03/01 08:11종가2024/03/01 00:00수익2023/09/30연간 수익2022/12/31데이터 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 소스Netmore Group AB (publ)는 2명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Bertil NilssonCarlsquare ABForbes GoldmanRedeye
Breakeven Date Change • Nov 01No longer forecast to breakevenThe analyst covering Netmore Group no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr21.0m in 2024. New forecast suggests the company will make a loss of kr20.6m in 2024.
Breakeven Date Change • Aug 28Forecast to breakeven in 2024The analyst covering Netmore Group expects the company to break even for the first time. New forecast suggests the company will make a profit of kr21.0m in 2024. Average annual earnings growth of 116% is required to achieve expected profit on schedule.
Breakeven Date Change • Dec 15Forecast to breakeven in 2024The analyst covering Netmore Group expects the company to break even for the first time. New forecast suggests the company will make a profit of kr7.30m in 2024. Average annual earnings growth of 70% is required to achieve expected profit on schedule.
공지 • Oct 30Netmore Group AB (publ) agreed to acquire Everynet BV.Netmore Group AB (publ) agreed to acquire Everynet BV on October 30, 2024. The acquisition of Everynet adds more than 1 million provisioned sensors spanning a range of key Netmore use cases, including approximately 400,000 track-and-trace devices, 300,000 smart gas meters, 200,000 smart water meters, and multiple additional LoRaWAN use cases, bringing total active devices under Netmore management to over 2.3 million. The acquisition, pending regulatory approval, will expand Netmore’s direct presence to 17 countries, positioning the company as the top LoRaWAN network operator in the world.
공지 • Aug 13Bredband2 i Skandinavien AB (publ) (OM:BRE2) agreed to acquire Bredbandsson AB from Netmore Group AB (publ) for SEK 18.5 million.Bredband2 i Skandinavien AB (publ) (OM:BRE2) agreed to acquire Bredbandsson AB from Netmore Group AB (publ) for SEK 18.5 million on August 12, 2024. For the period ending December 31, 2023, Bredbandsson AB reported a turnover of SEK 20 million. The transaction is subject to approval from the Inspectorate for Strategic Products. The expected completion of the transaction is September 1, 2024.
공지 • May 16Netmore Group Appoints Lim Perng as Head of Sales, APACNetmore Group announced it is expanding its IoT business into the Asia Pacific region to address growing demand for sensor-based utility and municipal infrastructure monitoring and energy management solutions. With this expansion, Netmore has named Lim Perng as Head of Sales, APAC. Lim brings over 15 years of success in the telecommunications industry and a proven track record of driving business growth and forging strategic partnerships across the Asia Pacific region.
공지 • Feb 07Netmore Group AB (publ) (OM:NETM B) acquired Senet, Inc.Netmore Group AB (publ) (OM:NETM B) acquired Senet, Inc. on February 6, 2024. Q Advisors acted as the exclusive financial advisor to Senet. Redeye AB is the Netmore Group's certified adviser.Netmore Group AB (publ) (OM:NETM B) completed the acquisition of Senet, Inc. on February 6, 2024.
공지 • Nov 17Netmore Group AB (publ) (OM:NETM B) acquired Objenious LoRaWAN assets of Bouygues Telecom.Netmore Group AB (publ) (OM:NETM B) acquired Objenious LoRaWAN assets of Bouygues Telecom on November 15, 2023. This acquisition, facilitated by its owner, Polar Structure, ensures the network’s continued operation to support long-term projects enabled by a European vision of the market and sustainable network infrastructure deployments. Netmore Group AB (publ) (OM:NETM B) completed the acquisition of Objenious LoRaWAN assets of Bouygues Telecom on November 15, 2023.
Breakeven Date Change • Nov 01No longer forecast to breakevenThe analyst covering Netmore Group no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr21.0m in 2024. New forecast suggests the company will make a loss of kr20.6m in 2024.
Board Change • Oct 06High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Chairman of the Board Karim Sahibzada was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
New Risk • Aug 28New major risk - Revenue and earnings growthEarnings have declined by 18% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-kr61m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 18% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€27.0m market cap, or US$29.2m).
Breakeven Date Change • Aug 28Forecast to breakeven in 2024The analyst covering Netmore Group expects the company to break even for the first time. New forecast suggests the company will make a profit of kr21.0m in 2024. Average annual earnings growth of 116% is required to achieve expected profit on schedule.
Reported Earnings • Aug 28Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: kr21.6m (up 83% from 2Q 2022). Net loss: kr14.0m (loss narrowed 14% from 2Q 2022). Revenue is forecast to grow 48% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Wireless Telecom industry in Europe.
New Risk • Aug 27New major risk - Revenue and earnings growthEarnings have declined by 23% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-kr58m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 23% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (kr15m net loss next year). Market cap is less than US$100m (€26.9m market cap, or US$29.0m).
Reported Earnings • May 03First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: kr35.4m (up 196% from 1Q 2022). Net income: kr2.11m (up kr18.2m from 1Q 2022). Profit margin: 6.0% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 46% p.a. on average during the next 2 years, compared to a 1.3% growth forecast for the Wireless Telecom industry in Europe.
Reported Earnings • Feb 18Full year 2022 earnings released: kr0.21 loss per share (vs kr0.31 loss in FY 2021)Full year 2022 results: kr0.21 loss per share (improved from kr0.31 loss in FY 2021). Revenue: kr57.8m (up 20% from FY 2021). Net loss: kr66.7m (loss narrowed 5.6% from FY 2021).
공지 • Jan 27Melita Limited acquired Netmore M2M Ab from Netmore Group AB (publ) (OM:NETM B) for €4.35 million.Melita Limited acquired Netmore M2M Ab from Netmore Group AB (publ) (OM:NETM B) for €4.35 million on January 26, 2023. Melita Limited acquired Netmore M2M Ab for an initial cash purchase price of €1.75 million, plus a conditional additional cash purchase price of up to a further €2.6 million. Subject to target achievement, the additional purchase price 1 will accrue to Netmore Group in Q1 2024 and the additional purchase price 2 in Q3 2024. Melita Limited completed the acquisition of Netmore M2M Ab from Netmore Group AB (publ) (OM:NETM B) on January 26, 2023.
Breakeven Date Change • Dec 15Forecast to breakeven in 2024The analyst covering Netmore Group expects the company to break even for the first time. New forecast suggests the company will make a profit of kr7.30m in 2024. Average annual earnings growth of 70% is required to achieve expected profit on schedule.
Board Change • Nov 16High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Chairman of the Board Rolf Norberg is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Nov 13Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: kr12.4m (down 5.1% from 3Q 2021). Net loss: kr15.0m (loss narrowed 4.0% from 3Q 2021). Revenue is forecast to grow 56% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Wireless Telecom industry in Europe.
공지 • Aug 26Netmore Group AB (Publ) Announces CFO ChangesNetmore Group AB (publ) announced that CFO Thomas Plate is stepping down, in a joint agreement with the company. Peter Magnusson, who worked previously as CFO of nShift, was named his successor from September 1, 2022.
Reported Earnings • May 16First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: kr13.4m (up 16% from 1Q 2021). Net loss: kr16.1m (loss narrowed 25% from 1Q 2021). Over the next year, revenue is forecast to grow 37%, compared to a 1.7% growth forecast for the industry in Germany.
Board Change • Apr 27High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Chairman of the Board Rolf Norberg is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Feb 20Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: kr0.22 loss per share (up from kr0.38 loss in FY 2020). Revenue: kr54.1m (up 30% from FY 2020). Net loss: kr70.7m (loss widened 18% from FY 2020). Revenue missed analyst estimates by 8.9%. Over the next year, revenue is forecast to grow 15%, compared to a 2.8% growth forecast for the industry in Germany.
Reported Earnings • Nov 13Third quarter 2021 earnings releasedThe company reported a solid third quarter result with improved revenues and control over costs, although losses increased. Third quarter 2021 results: Revenue: kr14.3m (up 16% from 3Q 2020). Net loss: kr15.6m (loss widened 13% from 3Q 2020).
공지 • Sep 19Netmore Launches IoT Marketplace that Presents 30 Turnkey SolutionsNetmore Group launched a marketplace for players within IoT. The marketplace gathers and presents turnkey solutions in a wide range of application areas from a growing number of international service developers, sensor manufacturers and platform developers. Netmore's nationwide LoRaWAN supplies the units in the various solutions with reliable and cost-effective connectivity and guarantees coverage for large-scale projects. At the time of launch, Netmore IoT Market offers over 30 ready-made IoT solutions in areas such as water, heating, parking, air quality and tracking. The applications and solutions presented have been developed by the more than 70 different companies and organizations that are already connected to the marketplace. Below is a selection of the current offer on the marketplace: H2OIoT: Water Consumption & Supervision - Reduce water consumption in property portfolio by visualizing water consumption down to the individual level. Reduces costs and increases resource efficiency.; Bintel Fill level measurement in Molok and UWS containers - Switch to demand-controlled emptying of waste by optimizing emptying routes. Reduces costs and reduces climate impact.; Talkpool Indoor Air Quality Solution - Ensure the right air quality in, for example, schools and offices. Counteracts the spread of covid-19. Present ready-made IoT solutions or offer sensors, meters, and other devices to potential buyers Netmore offers and encourages established and new service developers, sensor manufacturers and other IoT players to present their solutions and offers in the marketplace, and thereby strengthen their position in the emerging international IoT landscape, where more and more cities, municipalities, industries and property owners see the concrete benefits of digitization. Great efficiency gains to be reaped for municipalities, private companies, and real estate companies The ongoing digitalisation journey that is taking place in municipalities, cities, industries, and properties, among others, is judged to have very great potential for creating efficiency gains and competitive advantages in many application areas. Data collected with the help of IoT can already be used to, for example, enable energy savings, minimize resource use and waste, track goods and optimize and plan logistics chains. Netmore brings together the players in the IoT market to market and make visible the great opportunities that exist, so that more companies, municipalities, and organizations can improve their operations through digitization.
Reported Earnings • Aug 26Second quarter 2021 earnings releasedThe company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: kr13.3m (up 15% from 2Q 2020). Net loss: kr19.5m (loss widened 28% from 2Q 2020).
Recent Insider Transactions • Jul 01Chief Product Officer recently sold €80k worth of stockOn the 24th of June, Andreas Eriksson sold around 539k shares on-market at roughly €0.15 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Reported Earnings • May 20First quarter 2021 earnings releasedThe company reported a mediocre first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: kr11.6m (up 49% from 1Q 2020). Net loss: kr21.6m (loss widened 114% from 1Q 2020).
공지 • May 14Buildroid Invest AB made an offer to acquire remaining Series B shares of Netmore Group AB (publ) (OM:NETM B).Buildroid Invest AB made an offer to acquire remaining Series B shares of Netmore Group AB (publ) (OM:NETM B) on May 11, 2021. As per terms of transaction, Buildroid Invest AB will pay SEK 1.5 for each share as well as the convertible bonds at 100 percent of the nominal amount plus accrued interest. The acceptance deadline is June 25, 2021.
공지 • Mar 05Netmore Group AB (publ) (OM:NETM B) completed the acquisition of Nordic Iot Networks Ab from TalkPool AB.Netmore Group AB (publ) (OM:NETM B) agreed to acquire Nordic Iot Networks Ab from TalkPool AB for SEK 7.5 million on December 30, 2020. Under the terms, Netmore Group AB will satisfy the consideration with the issue of SEK 3.5 million worth shares and SEK 4 million debt. The transaction will take place on February 15, 2021. Netmore Group AB (publ) (OM:NETM B) completed the acquisition of Nordic Iot Networks Ab from TalkPool AB on March 4, 2021.
공지 • Feb 10Niam Chooses Netmore's Turnkey 5G Solution for Rollout of Open 5G Infrastructure in Its Nordic Property PortfolioNiam chooses Netmore as its 5G operator when they begin the implementation of open 5G infrastructure for indoor use in their properties. Netmore delivers a turnkey 5G solution without any need for CAPEX investments or operation and maintenance work for the property owner (5G-as-a-service). The solution enables property owners to use the technology themselves, while mobile operators can use the infrastructure and offer 5G services at the location. By doing so, Niam and Netmore initiate an extensive venture that begins with a pilot in Niam's properties in one of Stockholm's new districts (Värtahamnen), along with selected properties in the other Nordic countries. Following this, the ambition is to establish the open 5G technology throughout large parts of Niam's property portfolio in the Nordic region. Because Niam's property portfolio is equipped with Netmore's 5G solution, it also means that the properties will be connected to Netmore's property network and will therefore take part of Netmore's complete property offer. The flagship product, Netmore Proptech Node, is installed in each property, thereby giving property owners and property managers full control and access to their digital environment. With the help of the node, a foundation is laid for secure, digitized and efficient property management. In addition to 5G compatibility, Netmore Proptech Node also offers support for fiber connections, Wi-Fi and LoRaWAN. Netmore's turnkey 5G offer to property owners is specifically designed to suit the particular conditions that arise when establishing the new technology on a large scale. The secure solution is adapted to extensive rollouts at high speed and does not require CAPEX investments. Additionally, Netmore introduces a transparent pricing model for all stakeholders using the infrastructure. Furthermore, the maintenance and management of the network is carried out by Netmore, which in its role as operator of 5G networks in real estate, ensures that the technology is of the highest quality and is adapted to the various needs arising from 5G technology usage.
공지 • Jan 01Netmore Group AB (publ) (OM:NETM B) agreed to acquire Nordic Iot Networks Ab from TalkPool AB for SEK 7.5 million.Netmore Group AB (publ) (OM:NETM B) agreed to acquire Nordic Iot Networks Ab from TalkPool AB for SEK 7.5 million on December 30, 2020. Under the terms, Netmore Group AB will satisfy the consideration with the issue of SEK 3.5 million worth shares and SEK 4 million debt. The transaction will take place on February 15, 2021.