Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Anders Oscarsson was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 25
Lifco AB (Publ) Appoints Anders Oscarsson as New Member of the Board Lifco AB (publ) at its AGM held on 24 April 2026 approved that Anders Oscarsson was elected new member of the Board. Announcement • Mar 17
Lifco AB (publ) to Report Fiscal Year 2026 Final Results on Mar 30, 2027 Lifco AB (publ) announced that they will report fiscal year 2026 final results on Mar 30, 2027 Announcement • Mar 11
Lifco AB (publ) to Report Fiscal Year 2025 Final Results on Mar 30, 2026 Lifco AB (publ) announced that they will report fiscal year 2025 final results on Mar 30, 2026 Announcement • Jan 30
Lifco AB (publ) Proposes Dividend for the Year 2025, Payable on 6 May 2026 The Board of Directors of Lifco AB (publ) and Chief Executive Officer proposed that the Annual General Meeting authorise the payment of a dividend of SEK 2.70 per share (SEK 2.40 per share) for 2025, representing a total distribution of SEK 1,226.4 million (SEK 1,090.1 million). This is equal to 33.8% (33.0%) of the net profit for the year attributable to shareholders of Lifco AB. The proposed record date for the dividend is 30 April 2026. Euroclear Sweden expects to be able to distribute the dividend to the shareholders on 6 May 2026, subject to the resolution of the Annual General Meeting. Announcement • Nov 26
Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire Db Orthodontics Limited. Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire Db Orthodontics Limited on November 25, 2025. DB Orthodontics Limited will be consolidated in Business Area Dental.
In the financial year ended October 2025, DB Orthodontics Limited reported net sales of approximately £8.9 million.
The transaction is expected to be completed in the fourth quarter of 2025. Announcement • Nov 22
Lifco AB (Publ) Announces That Axel Wachtmeister as Board Member Will Not Be Available for Re-Election in 2026 Lifco AB (publ) informed that the current Board member Axel Wachtmeister, who has served since 2006, has announced that he will not be available for re-election in 2026. Announcement • Nov 04
Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Hegutechnik GmbH & Co. Kg. Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Hegutechnik GmbH & Co. Kg. on November 3, 2025. HEGUtechnik will be consolidated in business area systems solutions, division Contract Manufacturing. The acquisition will not have any significant effect on Lifco's earnings or financial position in the current financial year.
In 2024, HEGUtechnik reported net sales of approximately €10.3 million.
Consolidation is expected to take place in the fourth quarter of 2025. Announcement • Sep 12
Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Citodent Imaging B.V. Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Citodent Imaging B.V. on September 11, 2025. Citodent Imaging will be consolidated in Business Area Dental. The acquisition will not have any significant effect on Lifco’s earnings or financial position in the current financial year.
For the period ending December 31, 2024, Citodent Imaging B.V. reported total revenue of €1.2 million and has eight employees.
Consolidation is expected to take place in the third quarter of 2025. Announcement • Aug 02
Lifco AB (publ) (OM:LIFCO B) agreed to acquire Maximover Limited. Lifco AB (publ) (OM:LIFCO B) agreed to acquire Maximover Limited on August 1, 2025.
For the period ending May 31, 2025, Maximover Limited reported total revenue of £39 million.
The transaction is expected to take place in the third quarter of 2025. Announcement • Jul 27
Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire unknown majority stake in Stoffl Rudolf GmbH. Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire unknown majority stake in Stoffl Rudolf GmbH on July 25, 2025. In 2024, Stöffl reported net sales of approximately EUR 14.6 million. Consolidation is expected to take place in the third quarter
of 2025. Announcement • Jul 22
Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Ur Fog S.R.L. Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Ur Fog S.R.L. on July 22, 2025.
For the period ending December 31, 2024, Ur Fog S.R.L. reported total revenue of €7.8 million.
The expected completion of the transaction is in third quarter of 2025. Announcement • Jul 04
Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Hedon Electronic Developments B.v. Lifco AB (publ) (OM:LIFCO B) agreed to acquire an unknown majority stake in Hedon Electronic Developments B.v. on July 3, 2025.
For the period ending December 31, 2024, Hedon Electronic Developments B.v. reported total revenue of €7.4 million.
HedoN will be consolidated in Business Area Systems Solutions, division Special Products. Consolidation is expected to take place in the third quarter of 2025. Announcement • Jun 04
Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Klemko Techniek B.V. Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Klemko Techniek B.V. on June 4, 2025. Klemko Group will be consolidated in Business Area Systems Solutions, division Infrastructure Products.
For the period ending December 31, 2024, Klemko Techniek B.V. reported total revenue of €19.1 million.
The expected completion of the transaction is in second quarter of 2025.. Announcement • Apr 25
Lifco AB (Publ) Approves Dividend Lifco AB (publ) at its Annual General Meeting held on 25 April 2025, In accordance with the proposal of the Board of Directors and the CEO, the Meeting resolved to declare a dividend of SEK 2.40 per share. 29 April 2025 was determined as record date for dividend. Announcement • Apr 24
Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire Gestenco International Aktiebolag. Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire Gestenco International Aktiebolag on April 24, 2025. As part of the acquisition, Gestenco International will be consolidated in Business Area Dental. The consolidation is expected to take place in the second quarter of 2025. The acquisition will not have any significant effect on Lifco’s earnings or financial position in the current financial year.
For the period ending December 31, 2024, Gestenco International Aktiebolag reported total revenue of SEK 19 million. Announcement • Mar 28
Lifco AB (publ) (OM:LIFCO B) agreed to acquire Heavy Duty Parts Limited. Lifco AB (publ) (OM:LIFCO B) agreed to acquire Heavy Duty Parts Limited on March 28, 2025. Heavy Duty Parts will be consolidated in Business Area Systems Solutions, division Transportation Products. Heavy Duty Parts Limited has a total 25 employees. The acquisition will not have any significant effect on Lifco’s earnings or financial position in the current financial year.
For the period ending December 31, 2024, Heavy Duty Parts Limited reported total revenue of £11.7 million.
The expected completion of the transaction is in the first quarter of 2025. Announcement • Feb 01
Lifco AB (Publ) Proposes Dividend for the Year 2024, Payable on 5 May 2025 The Board of Directors of Lifco AB (publ) proposed that the Annual General Meeting authorise the payment of a dividend of SEK 2.40 (2.10) per share for 2024, representing a total distribution of SEK 1,090.1 million (953.9). This is equal to 33.0 (29.1)% of the net profit for the year attributable to shareholders of Lifco AB. The proposed record date is 29 April 2025. Euroclear Sweden expects to be able to distribute the dividend to the shareholders on 5 May 2025, subject to the resolution of the Annual General Meeting. Announcement • Jan 31
Lifco AB (publ), Annual General Meeting, Apr 25, 2025 Lifco AB (publ), Annual General Meeting, Apr 25, 2025, at 11:00 W. Europe Standard Time. Location: bonnierhuset, torsgatan 21, stockholm Sweden Announcement • Nov 26
Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Manifattura Catene Vigano' - M.C.V. Spa. Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Manifattura Catene Vigano' - M.C.V. Spa on November 26, 2024. Manifattura Catene Vigano has reported net sales of approximately €22.9 million in 2023. Consolidation is expected to take place in the fourth quarter of 2024. Announcement • Nov 07
Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Kögel Filter GmbH Contecma-Filtration. Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Kögel Filter GmbH Contecma-Filtration on November 6, 2024. For the period ending December 31, 2023, Kögel Filter GmbH Contecma-Filtration reported total revenue of €3.8 million. Consolidation is expected to take place in the fourth quarter of 2024. Announcement • Oct 24
Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Tds (E&W) Limited. Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Tds (E&W) Limited on October 23, 2024. In the financial year ended March 2024, TDS reported net sales of approximately GBP 3.8 million. The company is based in Glasgow, Scotland and has 30 employees. TDS will be consolidated in the Business Area Dental. The acquisition will not have any significant effect on Lifco’s earnings or financial position in the current financial year. Consolidation is expected to take place in the fourth quarter of 2024. Reported Earnings • Oct 22
Third quarter 2024 earnings released: EPS: kr1.64 (vs kr1.63 in 3Q 2023) Third quarter 2024 results: EPS: kr1.64 (up from kr1.63 in 3Q 2023). Revenue: kr6.28b (up 7.4% from 3Q 2023). Net income: kr743.0m (flat on 3Q 2023). Profit margin: 12% (in line with 3Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Sep 25
Lifco AB (publ) (OM:LIFCO B) agreed to acquire an unknown majority stake in Gmt Equipment B.V. Lifco AB (publ) (OM:LIFCO B) agreed to acquire an unknown majority stake in Gmt Equipment B.V. on September 24, 2024. GMT Equipment will be consolidated in the Business Area Demolition & Tools.
For the period ending December 31, 2023, Gmt Equipment B.V. reported total revenue of €5.5 million.
Consolidation is expected to take place in the fourth quarter of 2024. Announcement • Sep 21
Lifco AB (publ) (OM:LIFCO B) agreed to acquire an unknown majority stake in Ivium Technologies B.V. Lifco AB (publ) (OM:LIFCO B) agreed to acquire an unknown majority stake in Ivium Technologies B.V. on September 20, 2024.
For the period ending December 31, 2023, Ivium Technologies B.V. reported total revenue of €5.3 million.
Consolidation is expected to take place in the third quarter of 2024. Announcement • Jul 29
Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire Expand Media Group International Ab. Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire Expand Media Group International Ab on July 29, 2024. In 2023, Expand Media Group reported net sales of SEK 196 million. Consolidation is expected to take place in the third quarter of 2024. New Risk • Jul 14
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 49% 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 • Jul 14
Second quarter 2024 earnings released: EPS: kr1.98 (vs kr1.88 in 2Q 2023) Second quarter 2024 results: EPS: kr1.98 (up from kr1.88 in 2Q 2023). Revenue: kr6.73b (up 8.4% from 2Q 2023). Net income: kr900.0m (up 5.3% from 2Q 2023). Profit margin: 13% (in line with 2Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Jun 01
Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Cardel Group Ltd. Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Cardel Group Ltd on May 31, 2024. In 2023, Cardel Group reported net sales of approximately £16.5 million. The company is based in Baldock, UK and Langenhagen, Germany and has 74 employees. Cardel Group will be consolidated in business area systems solutions, division contract manufacturing. The Completion of the transaction is expected to take place in the second quarter of 2024. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: kr1.52 (vs kr1.72 in 1Q 2023) First quarter 2024 results: EPS: kr1.52 (down from kr1.72 in 1Q 2023). Revenue: kr6.01b (flat on 1Q 2023). Net income: kr689.0m (down 12% from 1Q 2023). Profit margin: 12% (down from 13% in 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Apr 25
Lifco AB Declares Dividend Lifco AB at its Annual General Meeting held on 24 April 2024 declared a dividend of SEK 2.10 per share. 26 April 2024 was determined as record date for dividend. Upcoming Dividend • Apr 18
Upcoming dividend of kr2.10 per share Eligible shareholders must have bought the stock before 25 April 2024. Payment date: 02 May 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.7%). Declared Dividend • Apr 03
Dividend of kr2.10 announced Shareholders will receive a dividend of kr2.10. Ex-date: 25th April 2024 Payment date: 2nd May 2024 Dividend yield will be 8.5%, which is higher than the industry average of 2.9%. Payout Ratios Payout ratio: 29%. Cash payout ratio: 24%. Announcement • Mar 29
Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Brevetti Montolit Spa on March 28, 2024 Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Brevetti Montolit Spa on March 28, 2024. In 2023, Brevetti Montolit reported net sales of approximately €18.5 million. Announcement • Mar 21
Lifco AB (publ) to Report Fiscal Year 2024 Results on Jan 31, 2025 Lifco AB (publ) announced that they will report fiscal year 2024 results on Jan 31, 2025 Reported Earnings • Mar 21
Full year 2023 earnings released: EPS: kr7.21 (vs kr6.13 in FY 2022) Full year 2023 results: EPS: kr7.21 (up from kr6.13 in FY 2022). Revenue: kr24.5b (up 14% from FY 2022). Net income: kr3.27b (up 18% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 03
Full year 2023 earnings released: EPS: kr7.21 (vs kr6.13 in FY 2022) Full year 2023 results: EPS: kr7.21 (up from kr6.13 in FY 2022). Revenue: kr24.5b (up 14% from FY 2022). Net income: kr3.27b (up 18% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 03
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 29% to €22.61. The fair value is estimated to be €18.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Announcement • Feb 02
Lifco AB (publ) Proposes Dividend for the Year 2023, Payable on 2 May 2024 Lifco AB (publ) proposed at Annual General Meeting the payment of dividend per share at SEK 2.10 per share for the year 2023 against SEK 1.80 per share a year ago, corresponding to SEK 953.9 million against SEK 817.6 million a year ago. The proposed record date is 26 April 2024. Euroclear Sweden expects to be able to send the dividend to the shareholders on 2 May 2024, subject to the resolution of the Annual General Meeting. Reported Earnings • Oct 22
Third quarter 2023 earnings released: EPS: kr1.64 (vs kr1.46 in 3Q 2022) Third quarter 2023 results: EPS: kr1.64 (up from kr1.46 in 3Q 2022). Revenue: kr5.85b (up 17% from 3Q 2022). Net income: kr743.0m (up 13% from 3Q 2022). Profit margin: 13% (in line with 3Q 2022). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Oct 13
Lifco AB (publ) (OM:LIFCO B) agreed to acquire Sailmakers Group BV. Lifco AB (publ) (OM:LIFCO B) agreed to acquire Sailmakers Group BV on October 12, 2023. Closing of transaction is expected to take place in the fourth quarter of 2023. Announcement • Oct 10
Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Ortho-Care (u.K.) Ltd from Lynn Scott, Joy Elizabeth Garford, Richard Garford, Kelvin George Scott. Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Ortho-Care (u.K.) Ltd from Lynn Scott, Joy Elizabeth Garford, Richard Garford, Kelvin George Scott on October 7, 2023.In 2022, Ortho-Care reported net sales of £10 million. Reported Earnings • Jul 19
Second quarter 2023 earnings released: EPS: kr1.88 (vs kr1.66 in 2Q 2022) Second quarter 2023 results: EPS: kr1.88 (up from kr1.66 in 2Q 2022). Revenue: kr6.21b (up 13% from 2Q 2022). Net income: kr855.0m (up 13% from 2Q 2022). Profit margin: 14% (in line with 2Q 2022). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Jul 12
Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Astro Srl. Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Astro Srl on July 11, 2023. Astro reported net sales of approximately €9.1 million for the year ended 2022. Astro will be consolidated in Business Area Systems Solution, division Special Products of Lifco. The deal is expected to take place in the third quarter of 2023. Announcement • Jun 30
Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake Amayse A/S. Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake Amayse A/S on June 29, 2023. In 2022, Amayse reported net sales of approximately DKK 51 million. Amayse has 21 employees. Amayse will be consolidated in Business Area Systems Solutions, division Special Products. closing of the transaction is expected to take place in the third quarter of 2023 Reported Earnings • Apr 30
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr5.96b (up 19% from 1Q 2022). Net income: kr782.0m (up 26% from 1Q 2022). Profit margin: 13% (in line with 1Q 2022). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Industrials industry in Europe. Upcoming Dividend • Apr 25
Upcoming dividend of kr1.80 per share at 0.8% yield Eligible shareholders must have bought the stock before 02 May 2023. Payment date: 08 May 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.0%). Board Change • Apr 08
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Director Caroline af Ugglas was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Feb 28
CEO, President & Director recently bought €284k worth of stock On the 24th of February, Per Waldemarson bought around 15k shares on-market at roughly €18.90 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Per has been a buyer over the last 12 months, purchasing a net total of €678k worth in shares. Announcement • Feb 13
Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire The Real Spirit Of Coffee Limited. Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire The Real Spirit Of Coffee Limited on February 13, 2023. The Real Spirit of Coffee will be consolidated in Business Area Systems Solutions, division Service and Distribution. The Real Spirit of Coffee reported net sales of approximately £24 million in 2022. The closing is expected to take place in the second quarter of 2023. The acquisition will not have any significant effect on Lifco’s earnings or financial position in current financial year. Reported Earnings • Feb 05
Full year 2022 earnings released: EPS: kr6.13 (vs kr5.26 in FY 2021) Full year 2022 results: EPS: kr6.13 (up from kr5.26 in FY 2021). Revenue: kr21.6b (up 23% from FY 2021). Net income: kr2.78b (up 17% from FY 2021). Profit margin: 13% (in line with FY 2021). Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 21% per year. Announcement • Feb 04
Lifco AB (publ) Proposes Dividend for 2022, Payable on 8 May 2023 Lifco AB (publ) proposed that the Annual General Meeting authorise the payment of a dividend of SEK 1.80 per share (SEK 1.50 per share) for 2022, representing a total distribution of SEK 817.6 million (SEK 681.3 million). This is equal to 29.4% (28.5%) of the net profit for the year attributable to shareholders of the company. The proposed record date is 3 May 2023. The company expects to be able to send the dividend to the shareholders on 8 May 2023, subject to the resolution of the Annual General Meeting. Announcement • Dec 17
Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire Prolec Ltd from James Fisher and Sons plc (LSE:FSJ). Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire Prolec Ltd from James Fisher and Sons plc (LSE:FSJ) on December 16, 2022. Prolec will be consolidated in the Business Area Demolition & Tools. In 2021, Prolec reported net sales of approximately GBP 4 million. The transaction is expected to close in December, 2022. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improved over the past week After last week's 19% share price gain to €16.70, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 14x in the Industrials industry in Europe. Total returns to shareholders of 85% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.47 per share. Reported Earnings • Oct 22
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr5.02b (up 21% from 3Q 2021). Net income: kr657.0m (up 30% from 3Q 2021). Profit margin: 13% (in line with 3Q 2021). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Industrials industry in Europe. Announcement • Sep 03
Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire all of the shares in Condale Plastics Ltd. Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire all of the shares in Condale Plastics Ltd on September 2, 2022. Condale Plastics has about 80 employees and reported net sales of approximately GBP 18 million in 2021. The acquisition will not have any significant effect on Lifco’s earnings or financial position in current financial year. Consolidation is expected to take place in September 2022. Announcement • Aug 18
Lifco AB (publ) (OM:LIFCO B) entered into an agreement to acquire Efka B.V. Lifco AB (publ) (OM:LIFCO B) entered into an agreement to acquire Efka B.V. on August 17, 2022. EFKA will be consolidated in Business Area Systems Solutions, division Service and Distribution of Lifco AB. EFKA has about 40 employees and reported net sales of €11.6 million in 2021. Consolidation is expected to take place in the third quarter 2022. Buying Opportunity • Jun 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 28%. The fair value is estimated to be €20.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 13% in 2 years. Earnings is forecast to grow by 12% in the next 2 years. Announcement • Jun 14
Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Oslo Dental As. Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Oslo Dental As on June 13, 2022. Oslo Dental As reported net sales of about NOK 27 million in 2021. Announcement • May 06
Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire Trevi Benne Spa. Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire Trevi Benne Spa on May 5, 2022. Trevi reported net sales of approximately €37 million in 2021. The acquisition will not have any significant effect on Lifco’s earnings or financial position
in current financial year. Recent Insider Transactions • May 05
CEO, President & Director recently bought €188k worth of stock On the 2nd of May, Per Waldemarson bought around 10k shares on-market at roughly €18.81 per share. In the last 3 months, they made an even bigger purchase worth €288k. Per has been a buyer over the last 12 months, purchasing a net total of €476k worth in shares. Announcement • May 05
Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire unknown majority stake in Bcc Solutions Oy. Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire unknown majority stake in Bcc Solutions Oy on May 4, 2022. BCC Solutions Oy has reported net sales of approximately €11 million in 2021. Consolidation is expected to take place in May, 2022. Announcement • May 02
Lifco AB Approves Dividend Lifco AB at the AGm held on April 29, 2022, it resolved to declare a dividend of SEK 1.50 per share. 3 May 2022 was determined as record date for dividend. Reported Earnings • May 01
First quarter 2022 earnings released: EPS: kr1.36 (vs kr1.09 in 1Q 2021) First quarter 2022 results: EPS: kr1.36 (up from kr1.09 in 1Q 2021). Revenue: kr5.02b (up 30% from 1Q 2021). Net income: kr619.0m (up 26% from 1Q 2021). Profit margin: 12% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 6.5%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 27
Upcoming dividend of kr1.50 per share Eligible shareholders must have bought the stock before 02 May 2022. Payment date: 06 May 2022. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.0%). Lower than average of industry peers (3.5%). Announcement • Mar 31
Lifco AB (publ) Proposes Dividend for the Financial Year 2021, Payable on 6 May 2022 The Board of Directors of Lifco AB (publ) proposed that the AGM resolves on a dividend of SEK 1.50 per share for the financial year 2021 and that the record date for the dividend shall be 3 May 2022. If the AGM resolves in accordance with the proposal, it is expected that the dividend will be disbursed by Euroclear Sweden on 6 May 2022. The last day for trading in the Lifco share including the right to dividend is 29 April 2022. Recent Insider Transactions • Mar 01
Head of Business Area Systems Solutions recently bought €97k worth of stock On the 25th of February, Martin Linder bought around 5k shares on-market at roughly €19.50 per share. In the last 3 months, there was an even bigger purchase from another insider worth €288k. Insiders have collectively bought €6.6m more in shares than they have sold in the last 12 months. Announcement • Feb 28
Lifco AB (publ) (OM:LIFCO B) signed agreement to acquire unknown majority stake in Specialist Alarm Services Ltd. Lifco AB (publ) (OM:LIFCO B) signed agreement to acquire unknown majority stake in Specialist Alarm Services Ltd on February 28, 2022. Consolidation is expected to take place in March, 2022. Recent Insider Transactions • Feb 16
CEO, President & Director recently bought €288k worth of stock On the 14th of February, Per Waldemarson bought around 15k shares on-market at roughly €19.19 per share. This was the largest purchase by an insider in the last 3 months. Per has been a buyer over the last 12 months, purchasing a net total of €561k worth in shares. Reported Earnings • Feb 04
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: kr5.26 (up from kr3.65 in FY 2020). Revenue: kr17.5b (up 27% from FY 2020). Net income: kr2.39b (up 44% from FY 2020). Profit margin: 14% (up from 12% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 6.1%, compared to a 5.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 02
Lifco AB (publ) Announces Dividend for the Year 2021, Payable on 6 May 2022 Lifco AB (publ) authorise the payment of a dividend of SEK 1.50 (SEK 1.20) per share for 2021, representing a total distribution of SEK 681.3 million (SEK 545.1 million). The proposed record date is 3 May, 2022. Euroclear Sweden expects to be able to send the dividend to the shareholders on 6 May, 2022, subject to the resolution of the Annual General Meeting. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €21.39, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 19x in the Industrials industry in Europe. Total returns to shareholders of 218% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.12 per share. Announcement • Dec 28
Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Cormidi Sr. Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Cormidi Sr on December 27, 2021. For the year ended 2020, Cormidi reported revenue of €13 million. Completion of transaction is subject to subject to relevant regulatory approvals and is expected to close during the first quarter of 2022. The acquisition will not have any significant effect on Lifco’s earnings or financial position in the financial year 2022. Cormidi will be consolidated in Business Area Demolition & Tools. Announcement • Dec 22
Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Cenec Tavlebygg As. Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire an unknown majority stake in Cenec Tavlebygg As on December 21, 2021. Cenec has reported net sales of approximately NOK 17 million in 2020 and eight employees. Consolidation is expected to take place in January, 2022. Recent Insider Transactions • Nov 10
Independent Director recently bought €106k worth of stock On the 8th of November, Ulf Grunander bought around 4k shares on-market at roughly €26.51 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €6.2m more in shares than they have sold in the last 12 months. 
