View ValuationNilörngruppen 향후 성장Future 기준 점검 4/6Nilörngruppen (는) 각각 연간 20.4% 및 4.6% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 20.5% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 16.7% 로 예상됩니다.핵심 정보20.4%이익 성장률20.53%EPS 성장률Luxury 이익 성장16.5%매출 성장률4.6%향후 자기자본이익률16.72%애널리스트 커버리지Low마지막 업데이트04 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates공고 • Jul 17+ 1 more updateNilörngruppen AB (publ)(OM:NIL B) dropped from OMX Nordic Small Cap IndexNilörngruppen AB (publ) has been dropped from the OMX Nordic Small Cap Index .공고 • May 12Nilörngruppen AB (publ) Appoints Per H. Danielsen as DirectorNilörngruppen AB (publ) at its AGM held on May 11, 2026, elected as new director Per H. Danielsen.공고 • May 06Trimco Group (UK) Limited proposed to acquire Nilörngruppen AB (publ) (OM:NIL B) from AB Traction (OM:TRAC B), Protector Forsikring ASA (OB:PROT), Kavaljer Fonder, Krister Magnusson, and others for approximately SEK 880 million.Trimco Group (UK) Limited proposed to acquire Nilörngruppen AB (publ) (OM:NIL B) from AB Traction (OM:TRAC B), Protector Forsikring ASA (OB:PROT), Kavaljer Fonder, Krister Magnusson, and others for approximately SEK 880 million on May 4, 2026. Under the Offer, Trimco offers SEK 77 in cash for each class A and class B share in Nilörngruppen, corresponding to a total equity value of approximately SEK 878 million. The Board of Directors unanimously recommends that the shareholders of Nilörngruppen accept the offer. The transaction is subject to approval by regulatory board / committee. The completion of the Offer is conditional on customary conditions, e.g. that the Offeror becomes the owner of more than 90% of the total number of shares. The acceptance period for the Offer is expected to commence around June 19, 2026, and end around July 10, 2026, subject to any extensions. KANTER Advokatbyrå KB acted as legal advisor for Nilörngruppen AB. Stockholm Corporate Finance AB acted as fairness opinion provider for Nilörngruppen AB. DNB Carnegie Investment Bank AB acted as financial advisor for Trimco Group (UK) Limited. Roschier Advokatbyrå Ab acted as legal advisor for Trimco Group (UK) Limited. Cleary Gottlieb Steen & Hamilton LLP acted as legal advisor for Trimco Group (UK) Limited.Reported Earnings • Apr 27First quarter 2026 earnings released: EPS: kr1.07 (vs kr1.38 in 1Q 2025)First quarter 2026 results: EPS: kr1.07 (down from kr1.38 in 1Q 2025). Revenue: kr217.6m (down 16% from 1Q 2025). Net income: kr12.2m (down 22% from 1Q 2025). Profit margin: 5.6% (down from 6.1% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings.New Risk • Apr 07New major risk - Revenue and earnings growthEarnings have declined by 7.8% 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 Shares are highly illiquid. Earnings have declined by 7.8% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (kr569.5m market cap, or US$60.1m).Declared Dividend • Mar 04Dividend of kr1.50 announcedDividend of kr1.50 is the same as last year. Ex-date: 13th May 2026 Payment date: 20th May 2026 Dividend yield will be 2.8%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 57% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 15Full year 2025 earnings released: EPS: kr4.43 (vs kr5.13 in FY 2024)Full year 2025 results: EPS: kr4.43 (down from kr5.13 in FY 2024). Revenue: kr945.1m (flat on FY 2024). Net income: kr50.5m (down 14% from FY 2024). Profit margin: 5.3% (down from 6.2% in FY 2024). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 11% per year.공고 • Feb 13Nilörngruppen AB, Annual General Meeting, May 12, 2026Nilörngruppen AB, Annual General Meeting, May 12, 2026.Valuation Update With 7 Day Price Move • Feb 12Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to kr52.80, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Luxury industry in Europe. Total loss to shareholders of 23% over the past three years.공고 • Feb 12+ 3 more updatesNilörngruppen AB to Report Q3, 2026 Results on Oct 20, 2026Nilörngruppen AB announced that they will report Q3, 2026 results on Oct 20, 2026Recent Insider Transactions • Dec 22Independent Director recently bought kr63k worth of stockOn the 19th of December, Per Wagnås bought around 1k shares on-market at roughly kr62.96 per share. This trade did not impact their existing holding. 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 • Oct 26Third quarter 2025 earnings released: EPS: kr1.66 (vs kr0.85 in 3Q 2024)Third quarter 2025 results: EPS: kr1.66 (up from kr0.85 in 3Q 2024). Revenue: kr230.3m (up 11% from 3Q 2024). Net income: kr18.9m (up 94% from 3Q 2024). Profit margin: 8.2% (up from 4.7% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.공고 • Oct 24Nilörngruppen AB to Report Q1, 2026 Results on Apr 24, 2026Nilörngruppen AB announced that they will report Q1, 2026 results on Apr 24, 2026Reported Earnings • Jul 18Second quarter 2025 earnings released: EPS: kr0.95 (vs kr1.64 in 2Q 2024)Second quarter 2025 results: EPS: kr0.95 (down from kr1.64 in 2Q 2024). Revenue: kr237.3m (down 9.4% from 2Q 2024). Net income: kr10.8m (down 42% from 2Q 2024). Profit margin: 4.6% (down from 7.2% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.공고 • May 15Nilörngruppen AB Approves Dividend, Payable on 21 May 2025Nilörngruppen AB at the Annual General Meeting of Nilörngruppen AB held 14 May 2025, Dividend to shareholders was decided to be paid at SEK 1.50 per share (total SEK 17.1 million) in accordance with the Board's proposal. The record date for the right to receive dividends was set for 16 May 2025 and a dividend to shareholders is expected to be paid on 21 May 2025.Declared Dividend • May 06Dividend of kr1.50 announcedShareholders will receive a dividend of kr1.50. Ex-date: 15th May 2025 Payment date: 21st May 2025 Dividend yield will be 2.5%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Apr 26First quarter 2025 earnings released: EPS: kr1,384 (vs kr1.46 in 1Q 2024)First quarter 2025 results: EPS: kr1,384. Revenue: kr258.6m (up 6.7% from 1Q 2024). Net income: kr15.8m (down 5.5% from 1Q 2024). Profit margin: 6.1% (down from 6.9% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Luxury industry in Europe.공고 • Apr 12+ 2 more updatesNilörngruppen AB to Report Q2, 2025 Results on Jul 16, 2025Nilörngruppen AB announced that they will report Q2, 2025 results on Jul 16, 2025Declared Dividend • Apr 10Dividend increased to kr1.50Dividend of kr1.50 is 50% higher than last year. Ex-date: 15th May 2025 Payment date: 21st May 2025 Dividend yield will be 2.6%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Declared Dividend • Mar 20Dividend increased to kr1.50Dividend of kr1.50 is 50% higher than last year. Ex-date: 15th May 2025 Payment date: 21st May 2025 Dividend yield will be 2.3%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공고 • Mar 12Nilörngruppen AB to Report Q1, 2025 Results on Apr 24, 2025Nilörngruppen AB announced that they will report Q1, 2025 results on Apr 24, 2025Declared Dividend • Feb 28Dividend increased to kr1.50Dividend of kr1.50 is 50% higher than last year. Ex-date: 15th May 2025 Payment date: 21st May 2025 Dividend yield will be 2.2%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공고 • Feb 26Nilörngruppen AB announces Annual dividend, payable on May 21, 2025Nilörngruppen AB announced Annual dividend of SEK 1.5000 per share payable on May 21, 2025, ex-date on May 15, 2025 and record date on May 16, 2025.New Risk • Feb 15New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (kr784.5m market cap, or US$73.3m).Reported Earnings • Feb 13Full year 2024 earnings released: EPS: kr5.17 (vs kr3.45 in FY 2023)Full year 2024 results: EPS: kr5.17 (up from kr3.45 in FY 2023). Revenue: kr944.7m (up 7.6% from FY 2023). Net income: kr58.9m (up 50% from FY 2023). Profit margin: 6.2% (up from 4.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.공고 • Feb 12Nilörngruppen AB, Annual General Meeting, May 14, 2025Nilörngruppen AB, Annual General Meeting, May 14, 2025.Reported Earnings • Oct 25Third quarter 2024 earnings released: EPS: kr0.85 (vs kr1.17 in 3Q 2023)Third quarter 2024 results: EPS: kr0.85 (down from kr1.17 in 3Q 2023). Revenue: kr208.4m (down 2.9% from 3Q 2023). Net income: kr9.75m (down 27% from 3Q 2023). Profit margin: 4.7% (down from 6.2% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in Europe.Reported Earnings • Jul 17Second quarter 2024 earnings released: EPS: kr1.64 (vs kr0.81 in 2Q 2023)Second quarter 2024 results: EPS: kr1.64 (up from kr0.81 in 2Q 2023). Revenue: kr262.0m (up 14% from 2Q 2023). Net income: kr18.7m (up 104% from 2Q 2023). Profit margin: 7.2% (up from 4.0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.공고 • May 15+ 1 more updateNilörngruppen AB Elects DirectorsNilorngruppen AB announced that at its AGM held on 14 May 2024, the shareholders elected new directors Per Wagnås and Annika Elfström. Petter Stillström was appointed to serve as Chairman of the Board of Directors.Upcoming Dividend • May 09Upcoming dividend of kr1.00 per shareEligible shareholders must have bought the stock before 15 May 2024. Payment date: 21 May 2024. Payout ratio is a comfortable 25% but the company is paying out more than the cash it is generating. Trailing yield: 1.3%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (1.6%).Reported Earnings • Apr 18First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: kr242.3m (up 9.5% from 1Q 2023). Net income: kr16.7m (up 50% from 1Q 2023). Profit margin: 6.9% (up from 5.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Luxury industry in Europe.공고 • Mar 15Nilörngruppen AB to Report Fiscal Year 2023 Results on Apr 23, 2024Nilörngruppen AB announced that they will report fiscal year 2023 results on Apr 23, 2024Declared Dividend • Feb 19Dividend reduced to kr1.00Dividend of kr1.00 is 80% lower than last year. Ex-date: 15th May 2024 Payment date: 21st May 2024 Dividend yield will be 1.6%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 76% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 11Full year 2023 earnings released: EPS: kr3.45 (vs kr8.86 in FY 2022)Full year 2023 results: EPS: kr3.45 (down from kr8.86 in FY 2022). Revenue: kr869.8m (down 8.3% from FY 2022). Net income: kr39.4m (down 61% from FY 2022). Profit margin: 4.5% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.공고 • Feb 10Nilörngruppen AB Proposes Dividend for the Year 2023Nilörngruppen AB announced that the board has decided to propose to the annual general meeting a dividend of SEK 1.00 per share compared to SEK 5.00 per share paid a year ago equivalent to SEK 11.4 million compared to SEK 57.0 million.공고 • Oct 26+ 4 more updatesNilörngruppen AB to Report Q2, 2024 Results on Jul 16, 2024Nilörngruppen AB announced that they will report Q2, 2024 results on Jul 16, 2024Reported Earnings • Oct 26Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: kr214.7m (down 7.5% from 3Q 2022). Net income: kr13.4m (down 52% from 3Q 2022). Profit margin: 6.2% (down from 12% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Luxury industry in the United Kingdom.Board Change • Oct 20Less than half of directors are independentFollowing 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 Ann-Christine Hvittfeldt was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Sep 15Less than half of directors are independentFollowing 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 Ann-Christine Hvittfeldt was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Jul 17New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 99% The company is paying a dividend despite having no free cash flows. Dividend yield: 9.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 99% Paying a dividend despite having no free cash flows. High level of non-cash earnings (24% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (6.5% net profit margin). Market cap is less than US$100m (kr638.5m market cap, or US$62.4m).New Risk • Jul 16New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.5% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.5% net profit margin). Market cap is less than US$100m (kr638.5m market cap, or US$62.3m).Reported Earnings • Jul 14Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: kr230.2m (down 14% from 2Q 2022). Net income: kr9.20m (down 74% from 2Q 2022). Profit margin: 4.0% (down from 13% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Luxury industry in the United Kingdom.공고 • Jun 13Nilörngruppen AB Expands Its Management TeamNilörngruppen AB announced that it is expanding its management team by including Fredrik Clason and Anna-Karin Wårfors. Fredrik, who has been employed by Nilörn since 2007, is the Head of Marketing and Sales with a deep understanding of customers' needs. Anna-Karin Wårfors has successfully led Nilörn's sustainability efforts since 2017 and, together with global team, focuses on a more sustainable offering to clients and ESG reporting.Nilörn's formal management team has consisted of the Asia Manager, Andrew Hoppe, and CEO, Krister Magnusson, in recent years. Parallel to the management team, the company have advisory committees. By including Fredrik and Anna-Karin, company have strengthened the management team and created a broader knowledge base to meet future challenges and opportunities.Board Change • May 19Less than half of directors are independentFollowing 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 Ann-Christine Hvittfeldt was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공고 • May 05Nilörngruppen AB Approves Dividend, Payable on 10 May 2023Nilörngruppen AB announced that at the Annual General Meeting held on May 3, 2023 approved dividend of SEK 5.00 per share (total SEK 57.0 million) in accordance with the Board's proposal. The record date for the right to receive dividends was set for 5 May 2023 and a dividend to shareholders is expected to be paid on 10 May 2023.Board Change • May 03Less than half of directors are independentFollowing 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 Ann-Christine Hvittfeldt was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 15Full year 2022 earnings released: EPS: kr8.86 (vs kr7.67 in FY 2021)Full year 2022 results: EPS: kr8.86 (up from kr7.67 in FY 2021). Revenue: kr948.3m (up 20% from FY 2021). Net income: kr101.0m (up 16% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 6.1% growth forecast for the Luxury industry in the United Kingdom.Reported Earnings • Feb 10Full year 2022 earnings released: EPS: kr8.86 (vs kr7.67 in FY 2021)Full year 2022 results: EPS: kr8.86 (up from kr7.67 in FY 2021). Revenue: kr942.8m (up 19% from FY 2021). Net income: kr101.0m (up 16% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Luxury industry in the United Kingdom.공고 • Feb 10+ 2 more updatesNilörngruppen AB to Report Fiscal Year 2023 Results on Feb 09, 2024Nilörngruppen AB announced that they will report fiscal year 2023 results on Feb 09, 2024공고 • Feb 09Nilörngruppen AB Proposes DividendThe Board of Directors of Nilörngruppen AB has decided to propose to the Annual General Meeting a dividend of SEK 5.00 (5.00) per share, equivalent to MSEK 57.0 (57.0).Buying Opportunity • Feb 06Now 20% undervaluedOver the last 90 days, the stock is up 14%. The fair value is estimated to be kr113, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 40%. Revenue is forecast to grow by 5.9% in 2 years. Earnings is forecast to decline by 21% in the next 2 years.Board Change • Jan 12Less than half of directors are independentFollowing 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 Henrik Lange was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Nov 16Less than half of directors are independentFollowing 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 Henrik Lange was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 26Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: kr232.0m (up 14% from 3Q 2021). Net income: kr28.0m (up 35% from 3Q 2021). Profit margin: 12% (up from 10% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Luxury industry in the United Kingdom.Reported Earnings • Jul 16Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: kr269.1m (up 54% from 2Q 2021). Net income: kr36.0m (up 115% from 2Q 2021). Profit margin: 13% (up from 9.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 2.6% compared to a 11% growth forecast for the industry in the United Kingdom.Board Change • May 14Less than half of directors are independentFollowing 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 Henrik Lange was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 27First quarter 2022 earnings released: EPS: kr2.45 (vs kr1.72 in 1Q 2021)First quarter 2022 results: EPS: kr2.45 (up from kr1.72 in 1Q 2021). Revenue: kr242.3m (up 38% from 1Q 2021). Net income: kr27.9m (up 42% from 1Q 2021). Profit margin: 12% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 3.3%, compared to a 11% growth forecast for the industry in the United Kingdom.Upcoming Dividend • Apr 27Upcoming dividend of kr5.00 per shareEligible shareholders must have bought the stock before 04 May 2022. Payment date: 10 May 2022. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of British dividend payers (4.6%). Higher than average of industry peers (1.6%).공고 • Apr 21Nilörngruppen AB, Annual General Meeting, May 03, 2023Nilörngruppen AB, Annual General Meeting, May 03, 2023, at 17:00 Central European Standard Time.Reported Earnings • Apr 17Full year 2021 earnings released: EPS: kr7.67 (vs kr2.94 in FY 2020)Full year 2021 results: EPS: kr7.67 (up from kr2.94 in FY 2020). Revenue: kr790.2m (up 28% from FY 2020). Net income: kr87.4m (up 161% from FY 2020). Profit margin: 11% (up from 5.4% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 11% growth forecast for the industry in the United Kingdom.Valuation Update With 7 Day Price Move • Mar 18Investor sentiment improved over the past weekAfter last week's 17% share price gain to kr94.90, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the Luxury industry in Europe.Reported Earnings • Feb 10Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: kr7.67 (up from kr2.94 in FY 2020). Revenue: kr788.3m (up 27% from FY 2020). Net income: kr87.4m (up 161% from FY 2020). Profit margin: 11% (up from 5.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.0%. Over the next year, revenue is forecast to grow 2.1%, compared to a 12% growth forecast for the industry in the United Kingdom.공고 • Feb 10Nilörngruppen AB to Report Fiscal Year 2022 Results on Feb 10, 2023Nilörngruppen AB announced that they will report fiscal year 2022 results on Feb 10, 2023Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improved over the past weekAfter last week's 19% share price gain to kr98.00, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Luxury industry in Europe.Valuation Update With 7 Day Price Move • Nov 16Investor sentiment improved over the past weekAfter last week's 18% share price gain to kr81.10, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 26x in the Luxury industry in Europe.Upcoming Dividend • May 04Upcoming dividend of kr2.00 per shareEligible shareholders must have bought the stock before 11 May 2021. Payment date: 18 May 2021. Trailing yield: 2.7%. Lower than top quartile of British dividend payers (4.0%). Higher than average of industry peers (1.0%).Reported Earnings • Apr 26Full year 2020 earnings released: EPS kr2.94 (vs kr4.14 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: kr619.7m (down 13% from FY 2019). Net income: kr33.5m (down 29% from FY 2019). Profit margin: 5.4% (down from 6.6% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improved over the past weekAfter last week's 48% share price gain to kr59.70, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 29x in the Luxury industry in Europe. Total loss to shareholders of 27% over the past three years.이익 및 매출 성장 예측LSE:0GB5 - 애널리스트 향후 추정치 및 과거 재무 데이터 (SEK Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20281,025826999212/31/2027967675990212/31/202692256608923/31/2026907467195N/A12/31/2025948507291N/A9/30/2025960597492N/A6/30/2025938507392N/A3/31/2025963587190N/A12/31/2024946597294N/A9/30/2024925517696N/A6/30/20249315496114N/A3/31/2024899455475N/A12/31/2023878397089N/A9/30/2023871435270N/A6/30/2023888571434N/A3/31/2023927843048N/A12/31/20229481012845N/A9/30/20229801223448N/A6/30/20229511154658N/A3/31/2022857964959N/A12/31/2021790876879N/A9/30/2021729727584N/A6/30/2021672658694N/A3/31/2021639477583N/A12/31/2020620346475N/A9/30/2020616264563N/A6/30/2020640262953N/A3/31/202069342-543N/A12/31/201971647N/A63N/A9/30/201973466N/A78N/A6/30/201973566N/A70N/A3/31/201975572N/A90N/A12/31/201871671N/A60N/A9/30/201870667N/A59N/A6/30/201868364N/A56N/A3/31/201867361N/A63N/A12/31/201768065N/A66N/A9/30/201767558N/A65N/A6/30/201767160N/A64N/A3/31/201765062N/A58N/A12/31/201661056N/A55N/A9/30/201658257N/A48N/A6/30/201655750N/A40N/A3/31/201653743N/A34N/A12/31/201552739N/A32N/A9/30/201550736N/A31N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 0GB5 의 연간 예상 수익 증가율(20.4%)이 saving rate(3.6%)보다 높습니다.수익 vs 시장: 0GB5 의 연간 수익(20.4%)이 UK 시장(11.6%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 0GB5 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 0GB5 의 수익(연간 4.6%)이 UK 시장(연간 4%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 0GB5 의 수익(연간 4.6%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 0GB5의 자본 수익률은 3년 후 16.7%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YConsumer-durables 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/09 16:31종가2026/07/07 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 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.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 소스Nilörngruppen AB (publ)는 2명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullABG Sundal Colliernull nullABG Sundal Collier Sponsored
공고 • Jul 17+ 1 more updateNilörngruppen AB (publ)(OM:NIL B) dropped from OMX Nordic Small Cap IndexNilörngruppen AB (publ) has been dropped from the OMX Nordic Small Cap Index .
공고 • May 12Nilörngruppen AB (publ) Appoints Per H. Danielsen as DirectorNilörngruppen AB (publ) at its AGM held on May 11, 2026, elected as new director Per H. Danielsen.
공고 • May 06Trimco Group (UK) Limited proposed to acquire Nilörngruppen AB (publ) (OM:NIL B) from AB Traction (OM:TRAC B), Protector Forsikring ASA (OB:PROT), Kavaljer Fonder, Krister Magnusson, and others for approximately SEK 880 million.Trimco Group (UK) Limited proposed to acquire Nilörngruppen AB (publ) (OM:NIL B) from AB Traction (OM:TRAC B), Protector Forsikring ASA (OB:PROT), Kavaljer Fonder, Krister Magnusson, and others for approximately SEK 880 million on May 4, 2026. Under the Offer, Trimco offers SEK 77 in cash for each class A and class B share in Nilörngruppen, corresponding to a total equity value of approximately SEK 878 million. The Board of Directors unanimously recommends that the shareholders of Nilörngruppen accept the offer. The transaction is subject to approval by regulatory board / committee. The completion of the Offer is conditional on customary conditions, e.g. that the Offeror becomes the owner of more than 90% of the total number of shares. The acceptance period for the Offer is expected to commence around June 19, 2026, and end around July 10, 2026, subject to any extensions. KANTER Advokatbyrå KB acted as legal advisor for Nilörngruppen AB. Stockholm Corporate Finance AB acted as fairness opinion provider for Nilörngruppen AB. DNB Carnegie Investment Bank AB acted as financial advisor for Trimco Group (UK) Limited. Roschier Advokatbyrå Ab acted as legal advisor for Trimco Group (UK) Limited. Cleary Gottlieb Steen & Hamilton LLP acted as legal advisor for Trimco Group (UK) Limited.
Reported Earnings • Apr 27First quarter 2026 earnings released: EPS: kr1.07 (vs kr1.38 in 1Q 2025)First quarter 2026 results: EPS: kr1.07 (down from kr1.38 in 1Q 2025). Revenue: kr217.6m (down 16% from 1Q 2025). Net income: kr12.2m (down 22% from 1Q 2025). Profit margin: 5.6% (down from 6.1% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings.
New Risk • Apr 07New major risk - Revenue and earnings growthEarnings have declined by 7.8% 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 Shares are highly illiquid. Earnings have declined by 7.8% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (kr569.5m market cap, or US$60.1m).
Declared Dividend • Mar 04Dividend of kr1.50 announcedDividend of kr1.50 is the same as last year. Ex-date: 13th May 2026 Payment date: 20th May 2026 Dividend yield will be 2.8%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 57% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 15Full year 2025 earnings released: EPS: kr4.43 (vs kr5.13 in FY 2024)Full year 2025 results: EPS: kr4.43 (down from kr5.13 in FY 2024). Revenue: kr945.1m (flat on FY 2024). Net income: kr50.5m (down 14% from FY 2024). Profit margin: 5.3% (down from 6.2% in FY 2024). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 11% per year.
공고 • Feb 13Nilörngruppen AB, Annual General Meeting, May 12, 2026Nilörngruppen AB, Annual General Meeting, May 12, 2026.
Valuation Update With 7 Day Price Move • Feb 12Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to kr52.80, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Luxury industry in Europe. Total loss to shareholders of 23% over the past three years.
공고 • Feb 12+ 3 more updatesNilörngruppen AB to Report Q3, 2026 Results on Oct 20, 2026Nilörngruppen AB announced that they will report Q3, 2026 results on Oct 20, 2026
Recent Insider Transactions • Dec 22Independent Director recently bought kr63k worth of stockOn the 19th of December, Per Wagnås bought around 1k shares on-market at roughly kr62.96 per share. This trade did not impact their existing holding. 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 • Oct 26Third quarter 2025 earnings released: EPS: kr1.66 (vs kr0.85 in 3Q 2024)Third quarter 2025 results: EPS: kr1.66 (up from kr0.85 in 3Q 2024). Revenue: kr230.3m (up 11% from 3Q 2024). Net income: kr18.9m (up 94% from 3Q 2024). Profit margin: 8.2% (up from 4.7% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
공고 • Oct 24Nilörngruppen AB to Report Q1, 2026 Results on Apr 24, 2026Nilörngruppen AB announced that they will report Q1, 2026 results on Apr 24, 2026
Reported Earnings • Jul 18Second quarter 2025 earnings released: EPS: kr0.95 (vs kr1.64 in 2Q 2024)Second quarter 2025 results: EPS: kr0.95 (down from kr1.64 in 2Q 2024). Revenue: kr237.3m (down 9.4% from 2Q 2024). Net income: kr10.8m (down 42% from 2Q 2024). Profit margin: 4.6% (down from 7.2% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.
공고 • May 15Nilörngruppen AB Approves Dividend, Payable on 21 May 2025Nilörngruppen AB at the Annual General Meeting of Nilörngruppen AB held 14 May 2025, Dividend to shareholders was decided to be paid at SEK 1.50 per share (total SEK 17.1 million) in accordance with the Board's proposal. The record date for the right to receive dividends was set for 16 May 2025 and a dividend to shareholders is expected to be paid on 21 May 2025.
Declared Dividend • May 06Dividend of kr1.50 announcedShareholders will receive a dividend of kr1.50. Ex-date: 15th May 2025 Payment date: 21st May 2025 Dividend yield will be 2.5%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Apr 26First quarter 2025 earnings released: EPS: kr1,384 (vs kr1.46 in 1Q 2024)First quarter 2025 results: EPS: kr1,384. Revenue: kr258.6m (up 6.7% from 1Q 2024). Net income: kr15.8m (down 5.5% from 1Q 2024). Profit margin: 6.1% (down from 6.9% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Luxury industry in Europe.
공고 • Apr 12+ 2 more updatesNilörngruppen AB to Report Q2, 2025 Results on Jul 16, 2025Nilörngruppen AB announced that they will report Q2, 2025 results on Jul 16, 2025
Declared Dividend • Apr 10Dividend increased to kr1.50Dividend of kr1.50 is 50% higher than last year. Ex-date: 15th May 2025 Payment date: 21st May 2025 Dividend yield will be 2.6%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Declared Dividend • Mar 20Dividend increased to kr1.50Dividend of kr1.50 is 50% higher than last year. Ex-date: 15th May 2025 Payment date: 21st May 2025 Dividend yield will be 2.3%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공고 • Mar 12Nilörngruppen AB to Report Q1, 2025 Results on Apr 24, 2025Nilörngruppen AB announced that they will report Q1, 2025 results on Apr 24, 2025
Declared Dividend • Feb 28Dividend increased to kr1.50Dividend of kr1.50 is 50% higher than last year. Ex-date: 15th May 2025 Payment date: 21st May 2025 Dividend yield will be 2.2%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공고 • Feb 26Nilörngruppen AB announces Annual dividend, payable on May 21, 2025Nilörngruppen AB announced Annual dividend of SEK 1.5000 per share payable on May 21, 2025, ex-date on May 15, 2025 and record date on May 16, 2025.
New Risk • Feb 15New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (kr784.5m market cap, or US$73.3m).
Reported Earnings • Feb 13Full year 2024 earnings released: EPS: kr5.17 (vs kr3.45 in FY 2023)Full year 2024 results: EPS: kr5.17 (up from kr3.45 in FY 2023). Revenue: kr944.7m (up 7.6% from FY 2023). Net income: kr58.9m (up 50% from FY 2023). Profit margin: 6.2% (up from 4.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
공고 • Feb 12Nilörngruppen AB, Annual General Meeting, May 14, 2025Nilörngruppen AB, Annual General Meeting, May 14, 2025.
Reported Earnings • Oct 25Third quarter 2024 earnings released: EPS: kr0.85 (vs kr1.17 in 3Q 2023)Third quarter 2024 results: EPS: kr0.85 (down from kr1.17 in 3Q 2023). Revenue: kr208.4m (down 2.9% from 3Q 2023). Net income: kr9.75m (down 27% from 3Q 2023). Profit margin: 4.7% (down from 6.2% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in Europe.
Reported Earnings • Jul 17Second quarter 2024 earnings released: EPS: kr1.64 (vs kr0.81 in 2Q 2023)Second quarter 2024 results: EPS: kr1.64 (up from kr0.81 in 2Q 2023). Revenue: kr262.0m (up 14% from 2Q 2023). Net income: kr18.7m (up 104% from 2Q 2023). Profit margin: 7.2% (up from 4.0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
공고 • May 15+ 1 more updateNilörngruppen AB Elects DirectorsNilorngruppen AB announced that at its AGM held on 14 May 2024, the shareholders elected new directors Per Wagnås and Annika Elfström. Petter Stillström was appointed to serve as Chairman of the Board of Directors.
Upcoming Dividend • May 09Upcoming dividend of kr1.00 per shareEligible shareholders must have bought the stock before 15 May 2024. Payment date: 21 May 2024. Payout ratio is a comfortable 25% but the company is paying out more than the cash it is generating. Trailing yield: 1.3%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (1.6%).
Reported Earnings • Apr 18First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: kr242.3m (up 9.5% from 1Q 2023). Net income: kr16.7m (up 50% from 1Q 2023). Profit margin: 6.9% (up from 5.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Luxury industry in Europe.
공고 • Mar 15Nilörngruppen AB to Report Fiscal Year 2023 Results on Apr 23, 2024Nilörngruppen AB announced that they will report fiscal year 2023 results on Apr 23, 2024
Declared Dividend • Feb 19Dividend reduced to kr1.00Dividend of kr1.00 is 80% lower than last year. Ex-date: 15th May 2024 Payment date: 21st May 2024 Dividend yield will be 1.6%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 76% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 11Full year 2023 earnings released: EPS: kr3.45 (vs kr8.86 in FY 2022)Full year 2023 results: EPS: kr3.45 (down from kr8.86 in FY 2022). Revenue: kr869.8m (down 8.3% from FY 2022). Net income: kr39.4m (down 61% from FY 2022). Profit margin: 4.5% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Feb 10Nilörngruppen AB Proposes Dividend for the Year 2023Nilörngruppen AB announced that the board has decided to propose to the annual general meeting a dividend of SEK 1.00 per share compared to SEK 5.00 per share paid a year ago equivalent to SEK 11.4 million compared to SEK 57.0 million.
공고 • Oct 26+ 4 more updatesNilörngruppen AB to Report Q2, 2024 Results on Jul 16, 2024Nilörngruppen AB announced that they will report Q2, 2024 results on Jul 16, 2024
Reported Earnings • Oct 26Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: kr214.7m (down 7.5% from 3Q 2022). Net income: kr13.4m (down 52% from 3Q 2022). Profit margin: 6.2% (down from 12% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Luxury industry in the United Kingdom.
Board Change • Oct 20Less than half of directors are independentFollowing 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 Ann-Christine Hvittfeldt was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Sep 15Less than half of directors are independentFollowing 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 Ann-Christine Hvittfeldt was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Jul 17New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 99% The company is paying a dividend despite having no free cash flows. Dividend yield: 9.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 99% Paying a dividend despite having no free cash flows. High level of non-cash earnings (24% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (6.5% net profit margin). Market cap is less than US$100m (kr638.5m market cap, or US$62.4m).
New Risk • Jul 16New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.5% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.5% net profit margin). Market cap is less than US$100m (kr638.5m market cap, or US$62.3m).
Reported Earnings • Jul 14Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: kr230.2m (down 14% from 2Q 2022). Net income: kr9.20m (down 74% from 2Q 2022). Profit margin: 4.0% (down from 13% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Luxury industry in the United Kingdom.
공고 • Jun 13Nilörngruppen AB Expands Its Management TeamNilörngruppen AB announced that it is expanding its management team by including Fredrik Clason and Anna-Karin Wårfors. Fredrik, who has been employed by Nilörn since 2007, is the Head of Marketing and Sales with a deep understanding of customers' needs. Anna-Karin Wårfors has successfully led Nilörn's sustainability efforts since 2017 and, together with global team, focuses on a more sustainable offering to clients and ESG reporting.Nilörn's formal management team has consisted of the Asia Manager, Andrew Hoppe, and CEO, Krister Magnusson, in recent years. Parallel to the management team, the company have advisory committees. By including Fredrik and Anna-Karin, company have strengthened the management team and created a broader knowledge base to meet future challenges and opportunities.
Board Change • May 19Less than half of directors are independentFollowing 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 Ann-Christine Hvittfeldt was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공고 • May 05Nilörngruppen AB Approves Dividend, Payable on 10 May 2023Nilörngruppen AB announced that at the Annual General Meeting held on May 3, 2023 approved dividend of SEK 5.00 per share (total SEK 57.0 million) in accordance with the Board's proposal. The record date for the right to receive dividends was set for 5 May 2023 and a dividend to shareholders is expected to be paid on 10 May 2023.
Board Change • May 03Less than half of directors are independentFollowing 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 Ann-Christine Hvittfeldt was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 15Full year 2022 earnings released: EPS: kr8.86 (vs kr7.67 in FY 2021)Full year 2022 results: EPS: kr8.86 (up from kr7.67 in FY 2021). Revenue: kr948.3m (up 20% from FY 2021). Net income: kr101.0m (up 16% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 6.1% growth forecast for the Luxury industry in the United Kingdom.
Reported Earnings • Feb 10Full year 2022 earnings released: EPS: kr8.86 (vs kr7.67 in FY 2021)Full year 2022 results: EPS: kr8.86 (up from kr7.67 in FY 2021). Revenue: kr942.8m (up 19% from FY 2021). Net income: kr101.0m (up 16% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Luxury industry in the United Kingdom.
공고 • Feb 10+ 2 more updatesNilörngruppen AB to Report Fiscal Year 2023 Results on Feb 09, 2024Nilörngruppen AB announced that they will report fiscal year 2023 results on Feb 09, 2024
공고 • Feb 09Nilörngruppen AB Proposes DividendThe Board of Directors of Nilörngruppen AB has decided to propose to the Annual General Meeting a dividend of SEK 5.00 (5.00) per share, equivalent to MSEK 57.0 (57.0).
Buying Opportunity • Feb 06Now 20% undervaluedOver the last 90 days, the stock is up 14%. The fair value is estimated to be kr113, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 40%. Revenue is forecast to grow by 5.9% in 2 years. Earnings is forecast to decline by 21% in the next 2 years.
Board Change • Jan 12Less than half of directors are independentFollowing 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 Henrik Lange was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Nov 16Less than half of directors are independentFollowing 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 Henrik Lange was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 26Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: kr232.0m (up 14% from 3Q 2021). Net income: kr28.0m (up 35% from 3Q 2021). Profit margin: 12% (up from 10% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Luxury industry in the United Kingdom.
Reported Earnings • Jul 16Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: kr269.1m (up 54% from 2Q 2021). Net income: kr36.0m (up 115% from 2Q 2021). Profit margin: 13% (up from 9.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 2.6% compared to a 11% growth forecast for the industry in the United Kingdom.
Board Change • May 14Less than half of directors are independentFollowing 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 Henrik Lange was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 27First quarter 2022 earnings released: EPS: kr2.45 (vs kr1.72 in 1Q 2021)First quarter 2022 results: EPS: kr2.45 (up from kr1.72 in 1Q 2021). Revenue: kr242.3m (up 38% from 1Q 2021). Net income: kr27.9m (up 42% from 1Q 2021). Profit margin: 12% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 3.3%, compared to a 11% growth forecast for the industry in the United Kingdom.
Upcoming Dividend • Apr 27Upcoming dividend of kr5.00 per shareEligible shareholders must have bought the stock before 04 May 2022. Payment date: 10 May 2022. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of British dividend payers (4.6%). Higher than average of industry peers (1.6%).
공고 • Apr 21Nilörngruppen AB, Annual General Meeting, May 03, 2023Nilörngruppen AB, Annual General Meeting, May 03, 2023, at 17:00 Central European Standard Time.
Reported Earnings • Apr 17Full year 2021 earnings released: EPS: kr7.67 (vs kr2.94 in FY 2020)Full year 2021 results: EPS: kr7.67 (up from kr2.94 in FY 2020). Revenue: kr790.2m (up 28% from FY 2020). Net income: kr87.4m (up 161% from FY 2020). Profit margin: 11% (up from 5.4% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 11% growth forecast for the industry in the United Kingdom.
Valuation Update With 7 Day Price Move • Mar 18Investor sentiment improved over the past weekAfter last week's 17% share price gain to kr94.90, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the Luxury industry in Europe.
Reported Earnings • Feb 10Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: kr7.67 (up from kr2.94 in FY 2020). Revenue: kr788.3m (up 27% from FY 2020). Net income: kr87.4m (up 161% from FY 2020). Profit margin: 11% (up from 5.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.0%. Over the next year, revenue is forecast to grow 2.1%, compared to a 12% growth forecast for the industry in the United Kingdom.
공고 • Feb 10Nilörngruppen AB to Report Fiscal Year 2022 Results on Feb 10, 2023Nilörngruppen AB announced that they will report fiscal year 2022 results on Feb 10, 2023
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improved over the past weekAfter last week's 19% share price gain to kr98.00, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Luxury industry in Europe.
Valuation Update With 7 Day Price Move • Nov 16Investor sentiment improved over the past weekAfter last week's 18% share price gain to kr81.10, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 26x in the Luxury industry in Europe.
Upcoming Dividend • May 04Upcoming dividend of kr2.00 per shareEligible shareholders must have bought the stock before 11 May 2021. Payment date: 18 May 2021. Trailing yield: 2.7%. Lower than top quartile of British dividend payers (4.0%). Higher than average of industry peers (1.0%).
Reported Earnings • Apr 26Full year 2020 earnings released: EPS kr2.94 (vs kr4.14 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: kr619.7m (down 13% from FY 2019). Net income: kr33.5m (down 29% from FY 2019). Profit margin: 5.4% (down from 6.6% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improved over the past weekAfter last week's 48% share price gain to kr59.70, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 29x in the Luxury industry in Europe. Total loss to shareholders of 27% over the past three years.