Aankondiging • Mar 26
SP Group A/S announces Annual dividend, payable on May 04, 2026 SP Group A/S announced Annual dividend of DKK 4.0000 per share payable on May 04, 2026, ex-date on April 30, 2026 and record date on May 01, 2026. Aankondiging • Dec 13
SP Group A/S, Annual General Meeting, Apr 29, 2026 SP Group A/S, Annual General Meeting, Apr 29, 2026. Aankondiging • Aug 22
SP Group A/S Approves Company's Policy on Capital Allocation and Dividend SP Group A/S approved SP Group’s Policy on capital allocation and dividend. Annual dividend distribution: SP Group aims to distribute dividends annually. The amount of dividend is determined on the basis of the Company’s financial performance, future investment needs and market conditions. The annual dividend will generally be 15-25% of the profit for the year after tax, taking into consideration, however, the Company’s capital structure and cash needs. Extraordinary dividend: In the event of an exceptionally high profit or capital release, the Board of Directors may resolve to distribute extraordinary dividends to the shareholders. Aankondiging • Jul 11
Sp Group A/S Lowers Revenue Expectations for 2025 SP Group A/S announced that it is lowering its revenue expectations for 2025. The company announced that Revenue growth is now expected in the range of -3% to +3% (previously 3-10%). Aankondiging • May 22
SP Group A/S Maintains Earnings Guidance for the Fiscal Year 2025 SP Group A/S maintained earnings guidance for the fiscal year 2025. For the year, the company revenue is still expected to grow by 3% to 10%. Aankondiging • Dec 16
SP Group A/S, Annual General Meeting, Apr 24, 2025 SP Group A/S, Annual General Meeting, Apr 24, 2025. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: kr.4.99 (vs kr.1.98 in 3Q 2023) Third quarter 2024 results: EPS: kr.4.99 (up from kr.1.98 in 3Q 2023). Revenue: kr.709.7m (up 22% from 3Q 2023). Net income: kr.60.2m (up 150% from 3Q 2023). Profit margin: 8.5% (up from 4.1% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Aankondiging • Aug 30
SP Group A/S (CPSE:SPG) commences an Equity Buyback, under the authorization approved on April 25, 2024. SP Group A/S (CPSE:SPG) commences share repurchases on August 26, 2024, under the program mandated by the shareholders in the Annual General Meeting held on April 25, 2024. As per the mandate, the company is authorized to repurchase its own shares. The authority will be valid until the AGM in 2029.
On August 23, 2024, the company announces a share repurchase program. Under the program, the company will repurchase up to DKK 40 million. The shares cannot be purchased at prices exceeding the higher of the price of the latest independent trade and the price of the highest independent bid on NASDAQ Copenhagen at the time of the transaction. The purpose of the program is to hedge the existing warrant programs. The program will run from August 26, 2024, and will be valid until April 10, 2025. Recent Insider Transactions • Aug 30
Insider recently bought €114k worth of stock On the 28th of August, Soren Ulstrup bought around 3k shares on-market at roughly €38.15 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.3m more in shares than they have sold in the last 12 months. Reported Earnings • Aug 25
Second quarter 2024 earnings released: EPS: kr.5.87 (vs kr.2.50 in 2Q 2023) Second quarter 2024 results: EPS: kr.5.87 (up from kr.2.50 in 2Q 2023). Revenue: kr.762.2m (up 15% from 2Q 2023). Net income: kr.71.1m (up 134% from 2Q 2023). Profit margin: 9.3% (up from 4.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Aankondiging • Aug 23
SP Group A/S Updates Earnings Guidance for the Full Year 2024 SP Group A/S updated earnings guidance for the full year 2024. for the year, the company expects revenue to grow by 8% to 18% against 5% to 15% expected previously. New Risk • Aug 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (42% net debt to equity). Share price has been volatile over the past 3 months (6.9% average weekly change). Buy Or Sell Opportunity • Jul 02
Now 20% undervalued Over the last 90 days, the stock has risen 18% to €33.55. The fair value is estimated to be €41.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has declined by 3.2%. Revenue is forecast to grow by 4.8% in a year. Earnings are forecast to grow by 30% in the next year. Buy Or Sell Opportunity • Jun 28
Now 22% undervalued Over the last 90 days, the stock has risen 15% to €32.85. The fair value is estimated to be €41.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has declined by 3.2%. Revenue is forecast to grow by 4.8% in a year. Earnings are forecast to grow by 30% in the next year. Buy Or Sell Opportunity • Jun 05
Now 20% undervalued Over the last 90 days, the stock has risen 43% to €33.35. The fair value is estimated to be €41.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has declined by 3.2%. Revenue is forecast to grow by 2.1% in a year. Earnings are forecast to decline by 8.5% in the next year. New Risk • Jun 05
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 42% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company. Reported Earnings • May 28
First quarter 2024 earnings released: EPS: kr.5.47 (vs kr.4.42 in 1Q 2023) First quarter 2024 results: EPS: kr.5.47 (up from kr.4.42 in 1Q 2023). Revenue: kr.722.9m (up 2.2% from 1Q 2023). Net income: kr.66.3m (up 23% from 1Q 2023). Profit margin: 9.2% (up from 7.6% in 1Q 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Aankondiging • Apr 26
SP Group A/S Grants Dividend SP Group A/S announced that at its AGM held on April 25, 2024, a dividend of DKK 3.00 per share was granted. Upcoming Dividend • Apr 19
Upcoming dividend of kr.3.00 per share Eligible shareholders must have bought the stock before 26 April 2024. Payment date: 30 April 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.9%). Recent Insider Transactions • Apr 04
CEO & Member of Executive Board recently bought €118k worth of stock On the 2nd of April, Frank Gad bought around 4k shares on-market at roughly €29.46 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Frank has been a buyer over the last 12 months, purchasing a net total of €1.0m worth in shares. Declared Dividend • Mar 30
Dividend of kr.3.00 announced Shareholders will receive a dividend of kr.3.00. Ex-date: 26th April 2024 Payment date: 30th April 2024 Dividend yield will be 10%, which is higher than the industry average of 6.1%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 7.7% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €28.35, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Chemicals industry in Germany. Total loss to shareholders of 36% over the past three years. Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: kr.13.04 (vs kr.17.49 in FY 2022) Full year 2023 results: EPS: kr.13.04 (down from kr.17.49 in FY 2022). Revenue: kr.2.61b (down 1.9% from FY 2022). Net income: kr.158.5m (down 26% from FY 2022). Profit margin: 6.1% (down from 8.0% in FY 2022). Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Aankondiging • Dec 15
SP Group A/S to Report Fiscal Year 2023 Results on Mar 21, 2024 SP Group A/S announced that they will report fiscal year 2023 results on Mar 21, 2024 Recent Insider Transactions • Nov 20
CEO & Member of Executive Board recently bought €130k worth of stock On the 17th of November, Frank Gad bought around 5k shares on-market at roughly €25.94 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €709k. Frank has been a buyer over the last 12 months, purchasing a net total of €1.7m worth in shares. Reported Earnings • Nov 16
Third quarter 2023 earnings released: EPS: kr.1.98 (vs kr.3.16 in 3Q 2022) Third quarter 2023 results: EPS: kr.1.98 (down from kr.3.16 in 3Q 2022). Revenue: kr.583.0m (down 4.0% from 3Q 2022). Net income: kr.24.1m (down 38% from 3Q 2022). Profit margin: 4.1% (down from 6.3% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Sep 20
Deputy Chairman recently bought €121k worth of stock On the 12th of September, Erik Holm bought around 4k shares on-market at roughly €27.32 per share. This transaction amounted to 6.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €709k. Erik has been a buyer over the last 12 months, purchasing a net total of €255k worth in shares. Board Change • Sep 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Bente Overgaard was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Sep 01
Deputy Chairman recently bought €70k worth of stock On the 30th of August, Erik Holm bought around 3k shares on-market at roughly €27.77 per share. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Erik's only on-market trade for the last 12 months. Board Change • Aug 31
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Bente Overgaard was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Aug 24
SP Group A/S Revises Earnings Guidance for the Fiscal Year 2023 SP Group A/S revised earnings guidance for the fiscal year 2023. For the period, the company expects revenue to grow by 0%-10% (previously 5%-15%). Reported Earnings • Aug 23
Second quarter 2023 earnings released: EPS: kr.2.50 (vs kr.4.60 in 2Q 2022) Second quarter 2023 results: EPS: kr.2.50 (down from kr.4.60 in 2Q 2022). Revenue: kr.662.8m (down 2.6% from 2Q 2022). Net income: kr.30.3m (down 46% from 2Q 2022). Profit margin: 4.6% (down from 8.2% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • May 25
First quarter 2023 earnings released: EPS: kr.4.42 (vs kr.5.37 in 1Q 2022) First quarter 2023 results: EPS: kr.4.42 (down from kr.5.37 in 1Q 2022). Revenue: kr.707.3m (down 1.8% from 1Q 2022). Net income: kr.53.7m (down 18% from 1Q 2022). Profit margin: 7.6% (down from 9.1% in 1Q 2022). Upcoming Dividend • Apr 21
Upcoming dividend of kr.3.00 per share at 1.0% yield Eligible shareholders must have bought the stock before 28 April 2023. Payment date: 02 May 2023. Payout ratio is a comfortable 17% but the company is paying out more than the cash it is generating. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (5.3%). Recent Insider Transactions • Mar 29
CEO & Member of Executive Board recently bought €192k worth of stock On the 27th of March, Frank Gad bought around 6k shares on-market at roughly €31.99 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Frank has been a buyer over the last 12 months, purchasing a net total of €331k worth in shares. Reported Earnings • Mar 25
Full year 2022 earnings released: EPS: kr.17.49 (vs kr.16.63 in FY 2021) Full year 2022 results: EPS: kr.17.49 (up from kr.16.63 in FY 2021). Revenue: kr.2.66b (up 7.1% from FY 2021). Net income: kr.212.8m (up 5.0% from FY 2021). Profit margin: 8.0% (down from 8.2% in FY 2021). The decrease in margin was driven by higher expenses. Board Change • Feb 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Director Bente Overgaard was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Director Bente Overgaard was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 23
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Director Bente Overgaard was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 16
SP Group A/S Provides Earnings Guidance for the Fiscal Year 2022 SP Group A/S provided earnings guidance for the fiscal year 2022. For the period, the company expected revenue to grow by 5-15% for an EBITDA margin of 16-18% and an EBT margin of 9-12%. Board Change • Oct 10
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Director Bente Overgaard was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: kr.4.58 (vs kr.3.96 in 2Q 2021) Second quarter 2022 results: EPS: kr.4.58 (up from kr.3.96 in 2Q 2021). Revenue: kr.680.4m (up 6.2% from 2Q 2021). Net income: kr.56.1m (up 16% from 2Q 2021). Profit margin: 8.2% (up from 7.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 2.4% growth forecast for the Chemicals industry in Germany. Board Change • Jul 07
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Director Bente Overgaard was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • May 25
Sp Group A/S Provides Earnings Guidance for the Fiscal Year 2022 SP Group A/S provided earnings guidance for the fiscal year 2022. For the year, the company expects revenue to grow by 5% to 15%. Reported Earnings • May 25
First quarter 2022 earnings released: EPS: kr.5.37 (vs kr.4.36 in 1Q 2021) First quarter 2022 results: EPS: kr.5.37 (up from kr.4.36 in 1Q 2021). Revenue: kr.720.1m (up 20% from 1Q 2021). Net income: kr.65.3m (up 23% from 1Q 2021). Profit margin: 9.1% (up from 8.9% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 16%, compared to a 6.4% growth forecast for the industry in Germany. Board Change • Apr 29
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Director Bente Overgaard was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 28
SP Group A/S Approves Dividend SP Group A/S at its annual general meeting held on April 27, 2022, approved a dividend of DKK 3.00 per share. Upcoming Dividend • Apr 21
Upcoming dividend of kr.3.00 per share Eligible shareholders must have bought the stock before 28 April 2022. Payment date: 02 May 2022. Payout ratio is a comfortable 18% but the company is paying out more than the cash it is generating. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (3.9%). Lower than average of industry peers (4.8%). Aankondiging • Apr 06
SP Group A/S Proposes Dividends for the Financial Year 2021 The board of directors of SP Group A/S proposed payment of dividends of DKK 3.00 per share for the financial year 2021 in the Annual General Meeting to be held on April 27, 2022. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: kr.16.63 (vs kr.12.85 in FY 2020) Full year 2021 results: EPS: kr.16.63 (up from kr.12.85 in FY 2020). Revenue: kr.2.48b (up 14% from FY 2020). Net income: kr.202.7m (up 34% from FY 2020). Profit margin: 8.2% (up from 6.9% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 12%, compared to a 6.9% growth forecast for the industry in Germany. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS kr.4.06 (vs kr.2.49 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr.600.3m (up 18% from 3Q 2020). Net income: kr.49.4m (up 71% from 3Q 2020). Profit margin: 8.2% (up from 5.7% in 3Q 2020). The increase in margin was driven by higher revenue. Aankondiging • Aug 27
SP Group A/S Revises Earnings Guidance for the Year 2021 SP Group A/S revised earnings guidance for the year 2021. For the year, the company now expects revenue to grow by 8% to 14% (previously 4% to 12%) and an EBT margin of 9% to 12% (unchanged). Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS kr.3.93 (vs kr.3.57 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr.640.4m (up 13% from 2Q 2020). Net income: kr.48.5m (up 21% from 2Q 2020). Profit margin: 7.6% (up from 7.1% in 2Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • May 28
First quarter 2021 earnings released: EPS kr.4.36 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr.598.1m (up 9.5% from 1Q 2020). Net income: kr.53.0m (up 35% from 1Q 2020). Profit margin: 8.9% (up from 7.2% in 1Q 2020). The increase in margin was driven by higher revenue. Aankondiging • May 27
SP Group A/S Provides Earnings Guidance for the Year 2021 SP Group A/S provided earnings guidance for the year 2021. The upgraded fiscal year 2021 guidance provided in Announcement no. 28/2021 is maintained. The company now expects fiscal year 2021 revenue to grow by 4% to 12%. Aankondiging • Apr 28
SP Group A/S Approves Dividend SP Group A/S at its annual general meeting held on April 27, 2021, approved a dividend of DKK 5.00 per share. Reported Earnings • Mar 28
Full year 2020 earnings released The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: kr.2.18b (up 8.2% from FY 2019). Net income: kr.150.8m (up 7.6% from FY 2019). Profit margin: 6.9% (down from 7.0% in FY 2019). Is New 90 Day High Low • Feb 03
New 90-day high: €45.50 The company is up 43% from its price of €31.80 on 05 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 25% over the same period. Is New 90 Day High Low • Jan 09
New 90-day high: €40.40 The company is up 24% from its price of €32.60 on 09 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 17% over the same period. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improved over the past week After last week's 18% share price gain to kr.36.60, the stock is trading at a trailing P/E ratio of 23.3x, up from the previous P/E ratio of 19.7x. This compares to an average P/E of 27x in the Chemicals industry in Germany. Is New 90 Day High Low • Dec 17
New 90-day high: €33.40 The company is up 6.0% from its price of €31.60 on 18 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 13% over the same period. Analyst Estimate Surprise Post Earnings • Nov 13
Revenue beats expectations Revenue exceeded analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 12%, compared to a 3.6% growth forecast for the Chemicals industry in Germany. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS kr.2.35 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: kr.508.0m (up 7.1% from 3Q 2019). Net income: kr.28.9m (down 5.6% from 3Q 2019). Profit margin: 5.7% (down from 6.5% in 3Q 2019). The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Oct 07
New 90-day high: €32.70 The company is up 19% from its price of €27.40 on 09 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 10.0% over the same period. 
