Reported Earnings • May 18
First quarter 2026 earnings released: EPS: kr0.57 (vs kr0.61 loss in 1Q 2025) First quarter 2026 results: EPS: kr0.57 (up from kr0.61 loss in 1Q 2025). Revenue: kr1.10b (down 3.0% from 1Q 2025). Net income: kr8.50m (up kr17.6m from 1Q 2025). Profit margin: 0.8% (up from net loss in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. New Risk • May 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 1.2% over the past year. Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$100m (kr310.6m market cap, or US$33.4m). 공시 • Apr 02
Elon AB (publ), Annual General Meeting, May 12, 2026 Elon AB (publ), Annual General Meeting, May 12, 2026, at 10:00 W. Europe Standard Time. Location: at hammarby kaj 14 in stockholm, stockholm Sweden New Risk • Mar 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 1.2% over the past year. Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (kr267.5m market cap, or US$29.2m). Reported Earnings • Feb 23
Full year 2025 earnings released: kr6.69 loss per share (vs kr0.23 profit in FY 2024) Full year 2025 results: kr6.69 loss per share (down from kr0.23 profit in FY 2024). Revenue: kr4.69b (flat on FY 2024). Net loss: kr99.3m (down kr102.6m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 19
Third quarter 2025 earnings released: kr4.62 loss per share (vs kr0.68 profit in 3Q 2024) Third quarter 2025 results: kr4.62 loss per share (down from kr0.68 profit in 3Q 2024). Revenue: kr1.11b (down 1.1% from 3Q 2024). Net loss: kr68.6m (down kr78.6m from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 50% 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. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to kr17.75, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 25x in the Specialty Retail industry in Sweden. Total loss to shareholders of 58% over the past three years. New Risk • May 22
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Revenue has declined by 0.9% over the past year. 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 (kr361.1m market cap, or US$37.5m). Reported Earnings • May 07
First quarter 2025 earnings released: kr0.61 loss per share (vs kr2.21 loss in 1Q 2024) First quarter 2025 results: kr0.61 loss per share (improved from kr2.21 loss in 1Q 2024). Revenue: kr1.14b (up 3.7% from 1Q 2024). Net loss: kr9.10m (loss narrowed 72% from 1Q 2024). Upcoming Dividend • Apr 29
Upcoming dividend of kr1.25 per share Eligible shareholders must have bought the stock before 06 May 2025. Payment date: 15 May 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.1%. Within top quartile of Swedish dividend payers (4.1%). Higher than average of industry peers (4.4%). Declared Dividend • Apr 10
Dividend of kr1.25 announced Dividend of kr1.25 is the same as last year. Ex-date: 6th May 2025 Payment date: 15th May 2025 Dividend yield will be 5.6%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 5x earnings) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 518% to bring the payout ratio under control. However, EPS has declined by 39% over the last 5 years so the company would need to reverse this trend. 공시 • Apr 08
Elon AB (publ) announces Annual dividend, payable on May 15, 2025 Elon AB (publ) announced Annual dividend of SEK 1.2500 per share payable on May 15, 2025, ex-date on May 06, 2025 and record date on May 07, 2025. 공시 • Apr 05
Elon AB (publ), Annual General Meeting, May 05, 2025 Elon AB (publ), Annual General Meeting, May 05, 2025, at 10:00 W. Europe Standard Time. Location: at hammarby kaj 14, stockholm Sweden Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: kr0.22 (vs kr1.12 loss in FY 2023) Full year 2024 results: EPS: kr0.22 (up from kr1.12 loss in FY 2023). Revenue: kr4.76b (down 2.7% from FY 2023). Net income: kr3.30m (up kr20.0m from FY 2023). Profit margin: 0.1% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. New Risk • Jul 19
New major risk - Revenue and earnings growth Revenue has declined by 2.4% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Revenue has declined by 2.4% over the past year. Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (kr377.5m market cap, or US$35.3m). Upcoming Dividend • May 01
Upcoming dividend of kr1.25 per share Eligible shareholders must have bought the stock before 08 May 2024. Payment date: 15 May 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 4.5%. Within top quartile of Swedish dividend payers (4.3%). Higher than average of industry peers (3.5%). New Risk • Apr 24
New minor risk - Dividend sustainability The dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 4.4% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings 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. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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: Minor Risks Less than 3 years of financial data is available. Paying a dividend despite being loss-making. Market cap is less than US$100m (kr420.5m market cap, or US$38.7m).