Reported Earnings • Jul 12
Second quarter 2026 earnings released: kr0.64 loss per share (vs kr0.10 profit in 2Q 2025) Second quarter 2026 results: kr0.64 loss per share (down from kr0.10 profit in 2Q 2025). Revenue: kr725.0m (down 8.1% from 2Q 2025). Net loss: kr31.0m (down kr36.0m from profit in 2Q 2025). 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. New Risk • Jun 25
New major risk - Revenue and earnings growth Earnings have declined by 35% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 35% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (€14.0m market cap, or US$15.9m). Announcement • Jun 15
Netel Holding AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 127.343664 million. Netel Holding AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 127.343664 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 36,383,904
Price\Range: SEK 3.5
Transaction Features: Rights Offering Board Change • May 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 Therese Lundstedt was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 09
Netel Holding AB (publ), Annual General Meeting, May 07, 2026 Netel Holding AB (publ), Annual General Meeting, May 07, 2026, at 11:00 W. Europe Standard Time. Location: tandstickspalatset, vastra tradgardsgatan 15, stockholm Sweden Announcement • May 22
A group of shareholders acquired 46.70% stake in Netel Holding AB (publ) (OM:NETEL) from Cinnamon International S.à R.l. for approximately SEK 190 million. Etemad Group AB, Tamt AB, S-Bolagen Aktiebolag,Santhe Dahl Invest Ab, Jeanette Reuterskiöld, Bernt Ivarsson, Cicero Fonder and Fredrik Helenius acquired 46.70% stake in Netel Holding AB (publ) (OM:NETEL) from Cinnamon International S.à R.l. for approximately SEK 190 million on May 21, 2025.
Linklaters LLP led by Charlotte Levin acted as legal advisor for Cinnamon International S.à R.l. Polar Advisory acted as Sole Manager and Bookrunner in the Sale.
Etemad Group AB, Tamt AB, S-Bolagen Aktiebolag, Santhe Dahl Invest Ab, Jeanette Reuterskiöld, Bernt Ivarsson, Cicero Fonder and Fredrik Helenius completed the acquisition of 46.70% stake in Netel Holding AB (publ) (OM:NETEL) from Cinnamon International S.à R.l. on May 21, 2025. Recent Insider Transactions • Nov 14
President & CEO recently bought €22k worth of stock On the 11th of November, Jeanette Reuterskiöld bought around 18k shares on-market at roughly €1.23 per share. This transaction amounted to 78% 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 Jeanette's only on-market trade for the last 12 months. Announcement • Nov 08
Netel Holding AB (publ), Annual General Meeting, May 08, 2025 Netel Holding AB (publ), Annual General Meeting, May 08, 2025. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €1.44, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Construction industry in Europe. Total loss to shareholders of 69% over the past three years. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: kr0.17 (vs kr0.27 in 3Q 2023) Third quarter 2024 results: EPS: kr0.17 (down from kr0.27 in 3Q 2023). Revenue: kr897.0m (flat on 3Q 2023). Net income: kr8.00m (down 39% from 3Q 2023). Profit margin: 0.9% (down from 1.5% in 3Q 2023). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year whereas the company’s share price has fallen by 25% per year. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €1.97, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 191% over the past year. Reported Earnings • Jul 14
Second quarter 2024 earnings released: EPS: kr0.23 (vs kr0.062 in 2Q 2023) Second quarter 2024 results: EPS: kr0.23 (up from kr0.062 in 2Q 2023). Revenue: kr927.0m (up 7.7% from 2Q 2023). Net income: kr11.0m (up 267% from 2Q 2023). Profit margin: 1.2% (up from 0.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Construction industry in Europe. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €1.58, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 46% over the past year. Board Change • May 17
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 Nina Macpherson 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 26
First quarter 2024 earnings released: kr0.17 loss per share (vs kr0.19 loss in 1Q 2023) First quarter 2024 results: kr0.17 loss per share (improved from kr0.19 loss in 1Q 2023). Revenue: kr715.0m (up 4.5% from 1Q 2023). Net loss: kr8.00m (loss narrowed 11% from 1Q 2023). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Construction industry in Europe. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.09, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 12x in the Construction industry in Europe. Total loss to shareholders of 61% over the past year. Reported Earnings • Apr 07
Full year 2023 earnings released: EPS: kr0.91 (vs kr2.58 in FY 2022) Full year 2023 results: EPS: kr0.91 (down from kr2.58 in FY 2022). Revenue: kr3.46b (up 10% from FY 2022). Net income: kr44.0m (down 64% from FY 2022). Profit margin: 1.3% (down from 3.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Construction industry in Europe. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €1.07, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Construction industry in Europe. Total loss to shareholders of 58% over the past year. Reported Earnings • Feb 18
Full year 2023 earnings released: EPS: kr0.91 (vs kr2.58 in FY 2022) Full year 2023 results: EPS: kr0.91 (down from kr2.58 in FY 2022). Revenue: kr3.49b (up 11% from FY 2022). Net income: kr44.0m (down 64% from FY 2022). Profit margin: 1.3% (down from 3.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Construction industry in Europe. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €1.24, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Construction industry in Europe. Total loss to shareholders of 54% over the past year. Announcement • Jan 26
Netel Holding AB (publ) Appoints Fredrik Helenius as CFO Netel Holding AB (publ) announced that Fredrik Helenius has been appointed as the new CFO. Fredrik has been Group Accounting Manager since 2020 and was appointed acting CFO on 10 January 2024. Before Fredrik Helenius joined Netel Group as Group Accounting Manager in 2020, he worked as a consultant at BCG and as a consultant in accounting and tax, among other things. Fredrik Helenius has a master's degree from the Stockholm School of Economics and is born 1990. Announcement • Jan 10
Netel Holding AB (Publ) Announces CFO Changes Peter Andersson has chosen to end his employment as CFO of Netel Group. Fredrik Helenius, Group Accounting Manager, assumes the role as acting CFO with immediate effect. Before Fredrik Helenius joined Netel Group as Group Accounting Manager in 2020, he worked as a consultant at BCG and as a consultant in accounting and tax, among other things. Fredrik Helenius has a master's degree from the Stockholm School of Economics. The process to appoint a regular CFO starts immediately. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €1.32, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Construction industry in Europe. Total loss to shareholders of 55% over the past year. Announcement • Dec 21
Hans Petersson Declines Re-Election as Chairperson of Netel Group AB’s Board of Directors Hans Petersson has declined re-election as Chairperson of Netel Group AB’s (Netel) Board of Directors. He will remain as Chairperson of the Board until the next Annual General Meeting in May 2024. The Nomination Committee of Netel proposes that Alireza Etemad be appointed Chairperson at the Annual General Meeting in May 2024. Alireza Etemad has been a member of the Netel Board of Directors since 2016. The Nomination Committee of Netel comprises representatives of four of the company’s largest shareholders and the Chairperson of the Board, Hans Petersson. The members representing the shareholders are Alireza Etemad (IK Partners), Celia Grip (Swedbank Robur Fonder), Andreas Berdal Lorentzen (Delphi Fondsforvaltning) and Peter Magnusson (Cicero Fonder). The Nomination Committee’s complete proposals will be announced in due time before the Annual General Meeting 2024. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €1.04, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Construction industry in Europe. Total loss to shareholders of 66% over the past year. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: kr0.27 (vs kr0.65 in 3Q 2022) Third quarter 2023 results: EPS: kr0.27 (down from kr0.65 in 3Q 2022). Revenue: kr893.0m (up 14% from 3Q 2022). Net income: kr13.0m (down 58% from 3Q 2022). Profit margin: 1.5% (down from 4.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Construction industry in Germany. New Risk • Nov 08
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 7.3% 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 Debt is not well covered by operating cash flow (7.9% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (€37.0m market cap, or US$39.5m). Recent Insider Transactions • Jul 20
Interim CEO & Director recently bought €17k worth of stock On the 17th of July, Jeanette Reuterskiöld bought around 17k shares on-market at roughly €1.04 per share. This transaction increased Jeanette's direct individual holding by 6x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €85k. This was Jeanette's only on-market trade for the last 12 months. Reported Earnings • Jul 14
Second quarter 2023 earnings released: EPS: kr0.062 (vs kr0.61 in 2Q 2022) Second quarter 2023 results: EPS: kr0.062 (down from kr0.61 in 2Q 2022). Revenue: kr862.0m (up 15% from 2Q 2022). Net income: kr3.00m (down 90% from 2Q 2022). Profit margin: 0.3% (down from 3.9% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Construction industry in Germany. Announcement • Jul 14
Netel Holding AB (Publ) Provides Earnings Guidance for the Year 2023 Netel Holding AB (publ) provided earnings guidance for the year 2023. The company expects at least 10% growth for the full-year 2023, which is line with the financial growth target. Valuation Update With 7 Day Price Move • May 19
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to €1.22, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Construction industry in Europe. Total loss to shareholders of 69% over the past year. Recent Insider Transactions • May 11
Independent Chairman recently bought €85k worth of stock On the 8th of May, Hans Petersson bought around 50k shares on-market at roughly €1.70 per share. This transaction amounted to 26% 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 Hans' only on-market trade for the last 12 months. Reported Earnings • May 06
First quarter 2023 earnings released: kr0.19 loss per share (vs kr0.32 profit in 1Q 2022) First quarter 2023 results: kr0.19 loss per share (down from kr0.32 profit in 1Q 2022). Revenue: kr686.0m (up 9.6% from 1Q 2022). Net loss: kr9.00m (down 160% from profit in 1Q 2022). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Construction industry in Europe. Valuation Update With 7 Day Price Move • May 04
Investor sentiment deteriorates as stock falls 35% After last week's 35% share price decline to €1.89, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Construction industry in Europe. Total loss to shareholders of 53% over the past year. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €2.90, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Construction industry in Europe. Total loss to shareholders of 29% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €5.12 per share. Reported Earnings • Apr 06
Full year 2022 earnings released: EPS: kr2.58 (vs kr1.86 in FY 2021) Full year 2022 results: EPS: kr2.58 (up from kr1.86 in FY 2021). Revenue: kr3.14b (up 30% from FY 2021). Net income: kr123.0m (up 86% from FY 2021). Profit margin: 3.9% (up from 2.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Construction industry in Europe. Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: kr2.58 (vs kr1.86 in FY 2021) Full year 2022 results: EPS: kr2.58 (up from kr1.86 in FY 2021). Revenue: kr3.17b (up 31% from FY 2021). Net income: kr123.0m (up 86% from FY 2021). Profit margin: 3.9% (up from 2.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Construction industry in Europe. Announcement • Jan 21
Netel Holding AB (publ) (OM:NETEL) entered into agreement to acquire 100% stake in Elektrotjanst I Katrineholm Ab. Netel Holding AB (publ) (OM:NETEL) entered into agreement to acquire 100% stake in Elektrotjanst I Katrineholm Ab on January 20, 2023. The purchase price is paid in cash and through the offset issue of 303,294 shares in Netel Holding. The acquired business had a turnover of approximately SEK 69 million in the fiscal year September 2021-August 2022. The company has 34 employees. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Nina Macpherson 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 • Nov 10
Third quarter 2022 earnings released: EPS: kr0.65 (vs kr0.61 in 3Q 2021) Third quarter 2022 results: EPS: kr0.65 (up from kr0.61 in 3Q 2021). Revenue: kr779.0m (up 27% from 3Q 2021). Net income: kr31.0m (up 55% from 3Q 2021). Profit margin: 4.0% (up from 3.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Construction industry in Europe. Announcement • Nov 09
Netel Holding AB (publ), Annual General Meeting, May 04, 2023 Netel Holding AB (publ), Annual General Meeting, May 04, 2023. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: kr0.61 (vs kr0.61 in 2Q 2021) Second quarter 2022 results: EPS: kr0.61. Revenue: kr751.0m (up 22% from 2Q 2021). Net income: kr29.0m (up 45% from 2Q 2021). Profit margin: 3.9% (up from 3.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 26%, compared to a 2.8% growth forecast for the Construction industry in Germany. Announcement • Jul 16
Netel Holding AB (publ) (OM:NETEL) agreed to acquire Doocey North East Limited. Netel Holding AB (publ) (OM:NETEL) agreed to acquire Doocey North East Limited on July 15, 2022. Doocey reported net sales of about £82 million in 2020/21 with15 employees and has a strong order backlog for coming years. Doocey has historically had a higher EBITA margin than Netel Group. Consolidation is expected in August 2022.The purchase price is paid in cash and through the offset issue of 90,364 shares in Netel Holding. Announcement • Jun 28
Netel Holding AB (publ) (OM:NETEL) signed an agreement to acquire Border Civils & Utilities Ltd for 0.293365 million shares. Netel Holding AB (publ) (OM:NETEL) signed an agreement to acquire Border Civils & Utilities Ltd on June 27, 2022. . The purchase price is paid in cash and through the offset issue of 293,365 shares in Netel Holding. Board Change • May 12
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Nina Macpherson 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 • May 08
First quarter 2022 earnings released: EPS: kr0.32 (vs kr0.92 in 1Q 2021) First quarter 2022 results: EPS: kr0.32 (down from kr0.92 in 1Q 2021). Revenue: kr626.0m (up 8.9% from 1Q 2021). Net income: kr15.0m (down 50% from 1Q 2021). Profit margin: 2.4% (down from 5.2% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 32%, compared to a 7.5% growth forecast for the industry in Germany. Announcement • May 05
Netel Holding AB (publ) Elects New Directors of the Board Netel Holding AB (publ) at its Annual General Meeting held on May 4, 2022 elected Ann-Sofi Danielsson and Jeanette Reuterskiöld as new Directors of the Board. Announcement • Apr 14
Netel Holding AB (publ) (OM:NETEL) agreed to acquire KMAB Karlskoga Mark AB. Netel Holding AB (publ) (OM:NETEL) agreed to acquire KMAB Karlskoga Mark AB on April 13, 2022. The purchase price is paid in cash and through the offset issue of 141,522 shares in Netel Holding. KMAB reported net sales of about SEK 63 million in 2021 with twelve employees. Consolidation is expected in May 2022 and KMAB will be part of segment Sweden, business area Infraservice. Reported Earnings • Apr 13
Full year 2021 earnings released Full year 2021 results: Revenue: kr2.42b (up 31% from FY 2020). Net income: kr66.0m (up 38% from FY 2020). Profit margin: 2.7% (up from 2.6% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 32%, compared to a 5.8% growth forecast for the industry in Germany. Announcement • Apr 12
Netel Holding AB (publ) to Report Fiscal Year 2022 Results on Feb 16, 2023 Netel Holding AB (publ) announced that they will report fiscal year 2022 results on Feb 16, 2023 Announcement • Feb 24
Netel Holding AB (publ) (OM:NETEL) entered into an agreement to acquire Elcenter I Söderköping Aktiebolag. Netel Holding AB (publ) (OM:NETEL) entered into an agreement to acquire Elcenter I Söderköping Aktiebolag on February 22, 2022. For the year ended December 31, 2021, Elcenter had sales of approximately SEK 30 million. Announcement • Feb 11
Netel Holding AB (publ) (OM:NETEL) signed an agreement to acquire Eltek Entreprenad Sverige Ab. Netel Holding AB (publ) (OM:NETEL) signed an agreement to acquire Eltek Entreprenad Sverige Ab on February 9, 2022.