New Risk • May 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 62% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Minor Risk Market cap is less than US$100m (kr.65.9m market cap, or US$10.2m). Aankondiging • Apr 17
Erria A/S has filed a Follow-on Equity Offering in the amount of DKK 16.126632 million. Erria A/S has filed a Follow-on Equity Offering in the amount of DKK 16.126632 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 4,589,252
Price\Range: DKK 3.514
Transaction Features: Rights Offering Reported Earnings • Mar 26
Full year 2025 earnings released Full year 2025 results: Revenue: kr.215.3m (up 14% from FY 2024). Net income: kr.7.96m (up 11% from FY 2024). Profit margin: 3.7% (down from 3.8% in FY 2024). The decrease in margin was driven by higher expenses. New Risk • Mar 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (31% accrual ratio). Market cap is less than US$10m (kr.50.9m market cap, or US$7.79m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Shareholders have been diluted in the past year (21% increase in shares outstanding). New Risk • Mar 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (31% accrual ratio). Market cap is less than US$10m (kr.54.5m market cap, or US$8.62m). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Aankondiging • Feb 25
Erria A/S, Annual General Meeting, Apr 08, 2026 Erria A/S, Annual General Meeting, Apr 08, 2026. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr.4.68, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 9x in the Shipping industry in Europe. Total loss to shareholders of 16% over the past three years. New Risk • Dec 03
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 Danish stocks, typically moving 6.5% 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 Risks High level of non-cash earnings (31% accrual ratio). Market cap is less than US$10m (kr.50.4m market cap, or US$7.87m). Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change). New Risk • Sep 22
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 Danish stocks, typically moving 6.1% 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 Risks High level of non-cash earnings (31% accrual ratio). Market cap is less than US$10m (kr.47.4m market cap, or US$7.50m). Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change). Reported Earnings • Mar 10
Full year 2024 earnings released Full year 2024 results: Revenue: kr.191.7m (down 4.7% from FY 2023). Net income: kr.7.16m (up 69% from FY 2023). Profit margin: 3.7% (up from 2.1% in FY 2023). The increase in margin was driven by lower expenses. New Risk • Mar 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (60% accrual ratio). Market cap is less than US$10m (kr.55.2m market cap, or US$8.02m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr.3.82, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 24% over the past three years. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr.3.76, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 8x in the Shipping industry in Europe. Total returns to shareholders of 28% over the past three years. Aankondiging • Dec 18
Erria A/S, Annual General Meeting, Apr 03, 2025 Erria A/S, Annual General Meeting, Apr 03, 2025. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr.3.70, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 7x in the Shipping industry in Europe. Total loss to shareholders of 1.1% over the past three years. Reported Earnings • Mar 13
Full year 2023 earnings released Full year 2023 results: Revenue: kr.202.0m (up 28% from FY 2022). Net income: kr.4.25m (down 55% from FY 2022). Profit margin: 2.1% (down from 5.9% in FY 2022). The decrease in margin was driven by higher expenses. New Risk • Mar 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (kr.40.9m market cap, or US$5.99m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (8.6% average weekly change). Profit margins are more than 30% lower than last year (2.8% net profit margin). Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Aankondiging • Dec 13
Erria A/S to Report First Half, 2024 Results on Aug 21, 2024 Erria A/S announced that they will report first half, 2024 results on Aug 21, 2024 Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr.3.74, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 44% over the past three years. Aankondiging • Sep 16
Erria A/S, Annual General Meeting, Apr 03, 2024 Erria A/S, Annual General Meeting, Apr 03, 2024. New Risk • Aug 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Danish stocks, typically moving 9.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.9% average weekly change). Market cap is less than US$10m (kr.49.0m market cap, or US$7.11m). Minor Risks Profit margins are more than 30% lower than last year (2.8% net profit margin). Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Reported Earnings • Aug 24
First half 2023 earnings released: EPS: kr.0.20 (vs kr.0.55 in 1H 2022) First half 2023 results: EPS: kr.0.20 (down from kr.0.55 in 1H 2022). Revenue: kr.94.7m (up 92% from 1H 2022). Net income: kr.2.33m (down 61% from 1H 2022). Profit margin: 2.5% (down from 12% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. New Risk • Jul 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 Danish stocks, typically moving 6.5% 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 Market cap is less than US$10m (kr.53.8m market cap, or US$7.92m). Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Reported Earnings • Mar 09
Full year 2022 earnings released Full year 2022 results: Revenue: kr.160.1m (up 171% from FY 2021). Net income: kr.9.34m (up kr.8.34m from FY 2021). Profit margin: 5.8% (up from 1.7% in FY 2021). The increase in margin was driven by higher revenue. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Deputy Chairman Peter Ellegaard was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Aug 24
First half 2022 earnings released: EPS: kr.0.55 (vs kr.0.055 in 1H 2021) First half 2022 results: EPS: kr.0.55 (up from kr.0.055 in 1H 2021). Revenue: kr.52.4m (up 77% from 1H 2021). Net income: kr.6.01m (up kr.5.50m from 1H 2021). Profit margin: 12% (up from 1.7% in 1H 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 129% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improved over the past week After last week's 15% share price gain to kr.6.00, the stock trades at a trailing P/E ratio of 65x. Average trailing P/E is 10x in the Shipping industry in Europe. Total returns to shareholders of 156% over the past three years. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improved over the past week After last week's 70% share price gain to kr.6.45, the stock trades at a trailing P/E ratio of 69.9x. Average trailing P/E is 8x in the Shipping industry in Europe. Total returns to shareholders of 173% over the past three years. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improved over the past week After last week's 16% share price gain to kr.3.06, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 7x in the Shipping industry in Europe. Total loss to shareholders of 2.5% over the past three years. Board Change • May 03
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Deputy Chairman Peter Ellegaard was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Is New 90 Day High Low • Jan 15
New 90-day high: kr.3.90 The company is up 13% from its price of kr.3.46 on 16 October 2020. The Danish market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 36% over the same period. Is New 90 Day High Low • Nov 03
New 90-day low: kr.2.70 The company is down 20% from its price of kr.3.38 on 05 August 2020. The Danish market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Shipping industry, which is up 19% over the same period. Is New 90 Day High Low • Oct 12
New 90-day low: kr.3.24 The company is down 10.0% from its price of kr.3.60 on 14 July 2020. The Danish market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Shipping industry, which is up 16% over the same period.