Reported Earnings • May 22
First quarter 2026 earnings released: kr0.99 loss per share (vs kr0.093 loss in 1Q 2025) First quarter 2026 results: kr0.99 loss per share (further deteriorated from kr0.093 loss in 1Q 2025). Revenue: kr1.00b (down 15% from 1Q 2025). Net loss: kr53.2m (loss widened kr48.2m from 1Q 2025). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Construction industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Announcement • Apr 21
Fasadgruppen Group AB (publ), Annual General Meeting, May 21, 2026 Fasadgruppen Group AB (publ), Annual General Meeting, May 21, 2026, at 13:00 W. Europe Standard Time. Location: uggelviksgatan 2a, stockholm Sweden Announcement • Apr 01
Fasadgruppen Group AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 503.60505 million. Fasadgruppen Group AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 503.60505 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 33,573,670
Price\Range: SEK 15
Transaction Features: Rights Offering Announcement • Nov 04
HindÅS Holding Ab signed an agreement to acquire Alnova Balkongsystem AB from Fasadgruppen Group AB (publ) (OM:FG). HindÅS Holding Ab signed an agreement to acquire Alnova Balkongsystem AB from Fasadgruppen Group AB (publ) (OM:FG) on November 3, 2025. The divestment is part of Fasadgruppen’s efforts to actively develop the portfolio structure within the Specialist Companies segment and to ensure the right conditions for continued value creation and an improved margin profile within the Group. The transaction will have limited cash flow impact for Fasadgruppen. As a result of the divestment, a non-cash item related to goodwill will be recognized in connection with the closing, in accordance with applicable accounting principles.
Alnova Balkongsystem AB has annual sales of around SEK 150 million.
The transaction is expected to be completed in December 2025. Announcement • May 16
Fasadgruppen Group AB (publ) Resolves No Dividend for the Financial Year 2024 Fasadgruppen Group AB (publ) at its annual general meeting held on 13 May 2025 resolved that no dividend shall be paid for the financial year 2024 and that the funds at the disposal of the general meeting shall be carried forward. Announcement • May 14
Fasadgruppen Group AB (publ) Approves Board Elections Fasadgruppen Group AB (publ) at its annual general meeting held on 13 May 2025, approved the election Of Mikael Karlsson (chair) and Mikael Matts as new board members. Announcement • Feb 12
Fasadgruppen Group AB (publ) Creates Flatter Organisation In light of the weak financial performance in 2024, Fasadgruppen Group AB (publ) intends to implement a reorganisation that also entails changes in Group management. The purpose of the new structure is to create a flatter organisation with more efficient governance. The planned reorganisation will remove one level between Group management and the subsidiaries, and reorganise the unit with central support functions. The planned new organisation is based on a flat structure in which the subsidiaries are divided into clusters that share a Chair of the Board. Denmark and Norway will form their own clusters, each with a COB, while the Swedish market will initially be divided between seven COBs. To further optimise governance, a number of smaller subsidiaries will be incorporated as divisions of larger subsidiaries, which will reduce the number of business units by around 10. Overall, the changes are expected to provide opportunities to both reduce costs and increase profitability in the subsidiaries over time. In connection with the planned reorganisation, the composition of Fasadgruppen's Group management will change, with the majority having experience of running subsidiaries themselves. Martin Jacobsson, CEO, Casper Tamm, CFO, Daniél Bergman, Head of M&A and Subsidiary Chair, Jan Erik Pedersen, Subsidiary Chair, Peter Andersen, Subsidiary Chair, Johan Fägerlind, Subsidiary Chair, Dave Higgins, Director Clear Line, Petri Mahanen, Director Rovakate. Announcement • Feb 11
Fasadgruppen Group AB (publ) to Report Fiscal Year 2025 Results on Feb 05, 2026 Fasadgruppen Group AB (publ) announced that they will report fiscal year 2025 results on Feb 05, 2026 Announcement • Jan 28
Fasadgruppen Group AB (publ) (OM:FG) acquired an unknown minority stake in Liab Platbyggarna Ab. Fasadgruppen Group AB (publ) (OM:FG) acquired an unknown minority stake in Liab Platbyggarna Ab on January 27, 2025. Fasadgruppen acquires 80 percent of Liab with an option to purchase the remaining shares, owned by Liab’s existing management, after three and five years respectively. Fasadgruppen is using existing cash and available credit facilities to finance the acquisition. The seller has undertaken to re-invest part of the purchase price by acquiring existing shares in Fasadgruppen within the next three months following completion for an amount corresponding to SEK 4.5 million.
For the period ending December 31, 2024, Liab Platbyggarna Ab reported total revenue of approximately SEK 80 million and has 46 full-time employees.
Fasadgruppen Group AB (publ) (OM:FG) completed the acquisition of an unknown minority stake in Liab Platbyggarna Ab on January 27, 2025. Announcement • Nov 27
Fasadgruppen Group AB (publ) to Report Fiscal Year 2024 Results on Feb 11, 2025 Fasadgruppen Group AB (publ) announced that they will report fiscal year 2024 results at 9:00 AM, Central European Standard Time on Feb 11, 2025 Upcoming Dividend • Nov 06
Upcoming dividend of kr0.85 per share Eligible shareholders must have bought the stock before 13 November 2024. Payment date: 19 November 2024. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (3.9%). Recent Insider Transactions • Nov 06
Non-Independent Director recently bought €406k worth of stock On the 4th of November, Tomas Stahl bought around 100k shares on-market at roughly €4.06 per share. This transaction amounted to 50% 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 €557k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: kr0.59 (vs kr1.22 in 3Q 2023) Third quarter 2024 results: EPS: kr0.59 (down from kr1.22 in 3Q 2023). Revenue: kr1.22b (down 3.3% from 3Q 2023). Net income: kr29.1m (down 52% from 3Q 2023). Profit margin: 2.4% (down from 4.8% in 3Q 2023). Revenue is forecast to grow 14% 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 9% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings. Announcement • Oct 30
Fasadgruppen Group AB (publ) (OM:FG) acquired Clear Line Holdings Ltd for approximately £120 million. Fasadgruppen Group AB (publ) (OM:FG) acquired Clear Line Holdings Ltd for approximately £120 million on October 29, 2024. The purchase price consists of a cash consideration of £51.1 million, loan notes of £15.3 million which the sellers of Clear Line have undertaken to set off against new shares in Fasadgruppen (the “Loan Notes”) and shares in a newly formed local company in the UK with a value of £53.4 million (the “Company Shares”) in cash and debt free basis. For the rolling twelve-month period ended June 30, 2024, Clear Line generated net sales of approximately £48.9 million, with an adjusted EBITA of approximately £21.7 million. Overall, Clear Line is a value-creating acquisition that complements Fasadgruppen's existing presence and strategy in the Nordic region well. Through the acquisition, the group positions itself to benefit from the extensive renovation, energy efficiency and fire remediation needs of the national property portfolio and the professional business climate that exists in the market, while continuing to develop its Nordic operations. Fasadgruppen is financing the cash part of the acquisition with credit facilities of £48.4 million. The credit facilities are covered by the existing loan facility agreement totalling £158.752 million and £36.3 million that Fasadgruppen has with Nordea, SEB and Svensk Exportkredit. Under the agreement, the lending banks have issued a new loan facility of £36.3 million for the acquisition of Clear Line, which replaces a corresponding amount in the group's revolving credit facility. The remaining amount of £12.1 million is utilised from the revolving credit facility. The new loan facility has the same terms as the other facilities.
In connection with the Transaction, Fasadgruppen has retained Grant Thornton LLP as financial, tax and commercial advisor, Burges Salmon LLP as legal advisor in the UK and Gernandt & Danielsson Advokatbyrå as legal advisor in Sweden.
Fasadgruppen Group AB (publ) (OM:FG) completed the acquisition of Clear Line Holdings Ltd on October 29, 2024. Buy Or Sell Opportunity • Oct 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 30% to €3.81. The fair value is estimated to be €4.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 2.9%. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 137% in the next 2 years. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €3.96, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Construction industry in Europe. Total loss to shareholders of 75% over the past three years. Buy Or Sell Opportunity • Sep 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 35% to €3.81. The fair value is estimated to be €4.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 2.9%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 152% in the next 2 years. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: kr0.63 (vs kr1.14 in 2Q 2023) Second quarter 2024 results: EPS: kr0.63 (down from kr1.14 in 2Q 2023). Revenue: kr1.33b (up 1.3% from 2Q 2023). Net income: kr31.4m (down 44% from 2Q 2023). Profit margin: 2.4% (down from 4.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Announcement • Jul 02
Fasadgruppen Group AB (publ) (OM:FG) agreed to acquire Brenden Materialer As and Brenden & Co Stillasutleie AS and Prostillas As. Fasadgruppen Group AB (publ) (OM:FG) agreed to acquire Brenden Materialer As and Brenden & Co Stillasutleie AS and Prostillas As on July 1, 2024. In this transaction, Fasadgruppen Group will acquire 100% stake in Brenden Materialer, Brenden & Co Stillasutleie and 15% stake in Prostillas. Fasadgruppen is using existing cash and available credit facilities to finance the acquisition. The seller has undertaken to re-invest part of the purchase price by acquiring existing shares in Fasadgruppen within the next three months following completion for an amount corresponding to NOK 25 million. The shares bought under the re-investment are subject to a lock-up commitment for 36 months. The acquisition is subject to approval by the Norwegian competition authorities and is expected to be completed during the third quarter of 2024. Announcement • May 16
Fasadgruppen Group AB (Publ) Approves Dividend, Payable on 23 May 2024 and 19 November 2024 The annual general meeting of Fasadgruppen Group AB (publ) resolved on a dividend of SEK 1.70 per share divided into two separate dividend payments of SEK 0.85 per share each. The record date for the first dividend payment shall be 17 May 2024 and the record date for the second dividend payment shall be 14 November 2024. The dividend payments are expected to be made on 22 May 2024 (SEK 0.85 per share) and 19 November 2024 (SEK 0.85 per share). Upcoming Dividend • May 10
Upcoming dividend of kr0.85 per share Eligible shareholders must have bought the stock before 16 May 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.8%). Reported Earnings • May 08
First quarter 2024 earnings released: kr0.20 loss per share (vs kr0.58 profit in 1Q 2023) First quarter 2024 results: kr0.20 loss per share (down from kr0.58 profit in 1Q 2023). Revenue: kr1.06b (down 7.0% from 1Q 2023). Net loss: kr9.90m (down 134% from profit in 1Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Construction 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 fallen by 23% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 21
Full year 2023 earnings released: EPS: kr4.42 (vs kr5.62 in FY 2022) Full year 2023 results: EPS: kr4.42 (down from kr5.62 in FY 2022). Revenue: kr5.11b (up 12% from FY 2022). Net income: kr219.2m (down 19% from FY 2022). Profit margin: 4.3% (down from 6.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Construction 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 fallen by 24% per year, which means it is significantly lagging earnings. Declared Dividend • Feb 18
Dividend of kr0.85 announced Shareholders will receive a dividend of kr0.85. Ex-date: 16th May 2024 Payment date: 22nd May 2024 Dividend yield will be 15%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 42% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 103% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 14
Full year 2023 earnings released: EPS: kr4.42 (vs kr5.62 in FY 2022) Full year 2023 results: EPS: kr4.42 (down from kr5.62 in FY 2022). Revenue: kr5.17b (up 14% from FY 2022). Net income: kr219.2m (down 19% from FY 2022). Profit margin: 4.2% (down from 6.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Construction 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 fallen by 20% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €5.53, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Construction industry in Europe. Total loss to shareholders of 29% over the past three years. Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: kr1.22 (vs kr2.15 in 3Q 2022) Third quarter 2023 results: EPS: kr1.22 (down from kr2.15 in 3Q 2022). Revenue: kr1.29b (up 7.0% from 3Q 2022). Net income: kr60.5m (down 43% from 3Q 2022). Profit margin: 4.7% (down from 8.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Construction industry in Germany. Recent Insider Transactions • Nov 16
Independent Director recently bought €83k worth of stock On the 14th of November, Tomas Stahl bought around 20k shares on-market at roughly €4.16 per share. This transaction amounted to 10.0% 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 €125k more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €4.35, 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 44% over the past year. Announcement • Oct 26
Fasadgruppen Group AB (publ) Appoints Johan Claesson as Chief Operating Officer As of 1 November 2023, Fasadgruppen will implement a change in the organisational structure that affects the composition of the group management. A new operational unit will bring together all geographical business areas and a number of central specialist functions that support the subsidiaries' operations. Johan Claesson has been appointed Chief Operating Officer to lead the new unit. Johan is currently Business Area Manager for Fasadgruppen SouthWest and has been part of Fasadgruppen's group management since 2020. He has previously been Business Area Manager for façades and interiors at STO Scandinavia AB. As of 1 November 2023, Fasadgruppen's group management consists of CEO Martin Jacobsson, CFO Casper Tamm, Head of M&A Daniél Bergman, COO Johan Claesson and Head of Communications and Sustainability Adrian Westman. Announcement • Oct 25
Fasadgruppen Group AB (publ) (OM:FG) agreed to acquire Surface ByggstÄLlningar Ab. Fasadgruppen Group AB (publ) (OM:FG) agreed to acquire Surface ByggstÄLlningar Ab on October 23, 2023. Fasadgruppen has used existing cash and available credit facilities to finance the acquisition. The seller has undertaken to re-invest part of the purchase price by acquiring existing shares in Fasadgruppen within the next three months following completion for an amount corresponding to SEK 15 million. The shares bought under the re-investment are subject to a lock-up commitment for 36 months. Surface ByggstÄLlningar has reported revenues of approximately SEK 114 million for the financial year 2022. The acquisition of Surface is expected to be completed in October 2023. New Risk • Oct 20
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 6.2% 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 (57% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €4.36, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Construction industry in Europe. Total loss to shareholders of 45% over the past year. Announcement • Sep 05
Fasadgruppen Group AB (publ) signed an agreement to acquire Rosborg Entreprenad Ab. Fasadgruppen Group AB (publ) signed an agreement to acquire Rosborg Entreprenad Ab on September 5, 2023. Fasadgruppen is using existing cash to finance the acquisition. The acquisition is expected to be completed in October 2023. As of split financial year 2022/2023 Rosborg Entreprenad reported revenues amounted to approximately SEK 58 million. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: kr1.14 (vs kr1.58 in 2Q 2022) Second quarter 2023 results: EPS: kr1.14 (down from kr1.58 in 2Q 2022). Revenue: kr1.31b (up 7.6% from 2Q 2022). Net income: kr56.3m (down 27% from 2Q 2022). Profit margin: 4.3% (down from 6.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Construction industry in Germany. Announcement • Jul 01
Fasadgruppen Group AB (publ) (OM:FG) agreed to acquire Weldmatic A/S. Fasadgruppen Group AB (publ) (OM:FG) agreed to acquire Weldmatic A/S on June 30, 2023. Fasadgruppen is using existing cash to finance the acquisition. For the financial year 2022, Weldmatic had 11 full-time employees and revenues amounted to approximately DKK 27 million. The acquisition of is expected to be completed in July 2023. Reported Earnings • May 16
First quarter 2023 earnings released: EPS: kr0.58 (vs kr0.48 in 1Q 2022) First quarter 2023 results: EPS: kr0.58 (up from kr0.48 in 1Q 2022). Revenue: kr1.15b (up 56% from 1Q 2022). Net income: kr28.9m (up 30% from 1Q 2022). Profit margin: 2.5% (down from 3.0% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Construction industry in Europe. Announcement • May 12
Fasadgruppen Group AB (publ) Approves Dividend, Payable on May 19, 2023 Fasadgruppen Group AB (publ) at its annual general meeting held on May 11, 2023 resolved on a dividend of SEK 1.70 per share and that 15 May 2023 shall be the record date for the dividend. Payment of the dividend is expected to be made on Friday 19 May 2023. Upcoming Dividend • May 06
Upcoming dividend of kr1.70 per share at 2.0% yield Eligible shareholders must have bought the stock before 12 May 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.7%). Announcement • Feb 15
Fasadgruppen Group AB (Publ) Proposes Dividend For 2022 The Board of Directors of Fasadgruppen Group AB (publ) proposed a dividend of SEK 1.70 (SEK 1.20) per share for 2022. Reported Earnings • Feb 15
Full year 2022 earnings released: EPS: kr5.62 (vs kr4.10 in FY 2021) Full year 2022 results: EPS: kr5.62 (up from kr4.10 in FY 2021). Revenue: kr4.55b (up 70% from FY 2021). Net income: kr271.9m (up 46% from FY 2021). Profit margin: 6.0% (down from 6.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 2.8% growth forecast for the Construction industry in Europe. Announcement • Jan 25
Fasadgruppen Group AB (publ) Announces CEO Changes Fasadgruppen Group AB (publ) announced that its CEO Pål Warolin has informed the company's Board of Directors that he wishes to step down as CEO in 2023 for personal reasons. The Board has therefore decided, in dialogue with Pål Warolin, that he will continue in his role until the date of Fasadgruppen's Annual General Meeting on 11 May 2023. The Board has decided to appoint Martin Jacobsson, currently deputy CEO and Head of M&A, as the new CEO of Fasadgruppen as of 12 May 2023. Martin Jacobsson was the first employee of Fasadgruppen's parent company and served as CFO in 2018-19, before being appointed deputy CEO and Head of M&A. In his current role, he has worked closely with outgoing CEO Pål Warolin. Martin Jacobsson has previously worked at Handelsbanken Capital Markets and holds a MSc in Industrial Engineering from LTH, Faculty of Engineering. Announcement • Nov 06
Fasadgruppen Group AB (publ), Annual General Meeting, May 11, 2023 Fasadgruppen Group AB (publ), Annual General Meeting, May 11, 2023. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €6.98, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Construction industry in Europe. Total loss to shareholders of 55% over the past year. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: kr1.58 (vs kr1.00 in 2Q 2021) Second quarter 2022 results: EPS: kr1.58 (up from kr1.00 in 2Q 2021). Revenue: kr1.22b (up 81% from 2Q 2021). Net income: kr76.7m (up 70% from 2Q 2021). Profit margin: 6.3% (down from 6.7% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 29%, compared to a 5.3% growth forecast for the Construction industry in Germany. Announcement • Jul 05
Fasadgruppen Group AB (publ) (OM:FG) agreed to acquire Rkc Construction Oy. Fasadgruppen Group AB (publ) (OM:FG) agreed to acquire Rkc Construction Oy on July 4, 2022. The purchase price consists of cash and a so-called promissory note of €5.945 million which the sellers of Rovakate have agreed to set off against new shares in Fasadgruppen following the completion of the acquisition. The promissory note will be settled through a decision by the board of directors, based on the authorization from the general meeting on May 12, 2022. Fasadgruppen will finance the cash part of the purchase price with existing cash. The acquisition of Rovakate is expected to be completed during August 2022. Recent Insider Transactions • Jun 30
Deputy Chief Executive Officer recently bought €79k worth of stock On the 27th of June, Martin Jacobsson bought around 10k shares on-market at roughly €7.87 per share. In the last 3 months, they made an even bigger purchase worth €94k. Despite this recent purchase, insiders have collectively sold €787k more in shares than they bought in the last 12 months. Recent Insider Transactions • May 21
Chairman recently bought €52k worth of stock On the 17th of May, Ulrika Dellby bought around 4k shares on-market at roughly €11.77 per share. This was the largest purchase by an insider in the last 3 months. This was Ulrika's only on-market trade for the last 12 months. Board Change • May 14
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Tomas Stahl is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 13
First quarter 2022 earnings released: EPS: kr0.48 (vs kr0.16 in 1Q 2021) First quarter 2022 results: EPS: kr0.48 (up from kr0.16 in 1Q 2021). Revenue: kr744.2m (up 72% from 1Q 2021). Net income: kr22.2m (up 204% from 1Q 2021). Profit margin: 3.0% (up from 1.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 42%, compared to a 7.1% growth forecast for the industry in Germany. Upcoming Dividend • May 06
Upcoming dividend of kr1.20 per share Eligible shareholders must have bought the stock before 13 May 2022. Payment date: 19 May 2022. 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 (4.1%). Lower than average of industry peers (3.5%). Buying Opportunity • Apr 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.6%. The fair value is estimated to be €19.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 7.1%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 23% per annum over the same time period. Announcement • Apr 06
Fasadgruppen Group AB (publ) (OM:FG) acquired Gaj StÅLkonstruktioner AB. Fasadgruppen Group AB (publ) (OM:FG) acquired Gaj StÅLkonstruktioner AB on April 5, 2022. Gaj has 35 full-time employees and for the financial year 2021, its revenues amounted to approximately SEK 57 million.
Fasadgruppen Group AB (publ) (OM:FG) completed the acquisition of Gaj StÅLkonstruktioner AB on April 5, 2022. Recent Insider Transactions • Mar 12
Independent Chairman of the Board recently sold €1.4m worth of stock On the 9th of March, Per Sjostrand sold around 100k shares on-market at roughly €14.14 per share. This was the largest sale by an insider in the last 3 months. This was Per's only on-market trade for the last 12 months. Announcement • Feb 26
Fasadgruppen Group AB (publ) (OM:FG) completed the acquisition of Alnova Balkongsystem AB. Fasadgruppen Group AB (publ) (OM:FG) entered into an agreement to acquire Alnova Balkongsystem AB on February 23, 2022. The purchase price consists of cash and a so-called vendor note of approximately SEK 10 million which the sellers of Alnova have agreed to set off against new shares in Fasadgruppen following the completion of the acquisition. Fasadgruppen will finance the cash part of the purchase price with available credit facilities and existing cash. The vendor note will be settled through a decision by the board of directors, based on the authorisation from the annual general meeting on May 18, 2021, to direct to the sellers a set-off issue of new shares with a value equal to the vendor note of approximately SEK 10 million. Erik Selin will become a shareholder in Fasadgruppen through the issue of new shares. The acquisition of Alnova is expected to be completed around February 28, 2022.
Fasadgruppen Group AB (publ) (OM:FG) completed the acquisition of Alnova Balkongsystem AB on February 24, 2022. Announcement • Feb 25
Fasadgruppen Group AB (publ) (OM:FG) entered into an agreement to acquire Alnova Balkongsystem AB. Fasadgruppen Group AB (publ) (OM:FG) entered into an agreement to acquire Alnova Balkongsystem AB on February 23, 2022. The purchase price consists of cash and a so-called vendor note of approximately SEK 10 million which the sellers of Alnova have agreed to set off against new shares in Fasadgruppen following the completion of the acquisition. Fasadgruppen will finance the cash part of the purchase price with available credit facilities and existing cash. The vendor note will be settled through a decision by the board of directors, based on the authorisation from the annual general meeting on 18 May 2021, to direct to the sellers a set-off issue of new shares with a value equal to the vendor note of approximately SEK 10 million. Erik Selin will become a shareholder in Fasadgruppen through the issue of new shares. The acquisition of Alnova is expected to be completed around 28 February 2022. Reported Earnings • Feb 18
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: kr4.10 (up from kr2.71 in FY 2020). Revenue: kr2.73b (up 103% from FY 2020). Net income: kr185.7m (up 107% from FY 2020). Profit margin: 6.8% (up from 6.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.8%. Over the next year, revenue is forecast to grow 23%, compared to a 10% growth forecast for the industry in Germany. Announcement • Feb 18
Fasadgruppen Group AB (Publ) Proposes Dividend for Fiscal Year 2021 The Board of Directors of Fasadgruppen Group AB (publ) proposed a dividend of SEK 1.20 per share for 2021. Announcement • Feb 12
Fasadgruppen Group Ordinary Shares to Be Deleted from Other OTC Fasadgruppen Group AB (publ)'s Ordinary Shares will be deleted from other OTC effective from February 14, 2022 due to Inactive Security. Announcement • Feb 07
Fasadgruppen Group AB (publ) (OM:FG) agreed to acquire Helsingborgs Fasad & Kakel AB. Fasadgruppen Group AB (publ) (OM:FG) agreed to acquire Helsingborgs Fasad & Kakel AB on February 7, 2022. Helsingborgs Fasad has 14 full-time employees, and for the financial year 2021, its preliminary revenues amounted to SEK 30 million. Fasadgruppen is using available credit facilities and existing cash to finance the acquisition. The seller has undertaken to re-invest part of the purchase price by acquiring existing shares in Fasadgruppen within the next three months for an amount corresponding to SEK 3 million. The shares bought under the re-investment are subject to a lock-up commitment for twelve months. Fasadgruppen intends to complete the acquisition of all shares in Helsingborgs Fasad during the first quarter. Announcement • Feb 03
Fasadgruppen Group AB (publ) (OM:FG) acquired Miljø-Sanering As. Fasadgruppen Group AB (publ) (OM:FG) acquired Miljø-Sanering As on February 1, 2022. Fasadgruppen is using existing cash to finance the acquisition of all shares in Miljø-Sanering. Miljø-Sanering for the financial year 2021, has its preliminary revenues amounted to approximately NOK 6.7 million. Miljø-Sanering has 6 full-time employees.
Fasadgruppen Group AB (publ) (OM:FG) completed the acquisition of Miljø-Sanering As on February 1, 2022. Recent Insider Transactions • Dec 12
Insider recently sold €3.1m worth of stock On the 9th of December, Andreas Bendrik sold around 193k shares on-market at roughly €16.32 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.8m more than they bought in the last 12 months. Announcement • Nov 24
Fasadgruppen Group AB (publ) (OM:FG) acquired Haga Plåt i Umeå AB and Ahlins Plåt AB. Fasadgruppen Group AB (publ) (OM:FG) acquired Haga Plåt i Umeå AB and Ahlins Plåt AB on November 22, 2021. Fasadgruppen is using existing cash to finance the acquisition of all shares in Haga and Ahlins. The seller has undertaken to re-invest part of the purchase price by acquiring existing shares in Fasadgruppen within the next three months for an amount corresponding to SEK 6.4 million.
Fasadgruppen Group AB (publ) (OM:FG) completed the acquisition of Haga Plåt i Umeå AB and Ahlins Plåt AB on November 22, 2021. Reported Earnings • Nov 19
Third quarter 2021 earnings released: EPS kr1.59 (vs kr0.80 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr727.4m (up 115% from 3Q 2020). Net income: kr72.0m (up 138% from 3Q 2020). Profit margin: 9.9% (up from 8.9% in 3Q 2020). The increase in margin was driven by higher revenue. Announcement • Jul 03
Fasadgruppen Group AB (publ) (OM:FG) acquired Hans Eklund Glasmasteri AB. Fasadgruppen Group AB (publ) (OM:FG) acquired Hans Eklund Glasmasteri AB on July 1, 2021. Fasadgruppen is using available credit facilities and existing cash to finance the acquisition of all shares in Eklunds Glas. The seller has undertaken to re-invest part of the purchase price by acquiring existing shares in Fasadgruppen within the next three months for an amount corresponding to SEK 6 million. The shares bought under the re-investment are subject to a lock-up commitment until 1 July 2022. Eklunds Glas reported a revenue of SEK 44 million for the financial year 2020. The completion of the acquisition is not subject to any conditions, and Eklunds Glas will therefore immediately become part of Fasadgruppen. In a related transaction, as announced in a press release on June 22, 2021, Fasadgruppen has today also completed the acquisition of all shares in Åby Fasad.
Fasadgruppen Group AB (publ) (OM:FG) completed the acquisition of Hans Eklund Glasmasteri AB on July 1, 2021. Announcement • Jun 24
Fasadgruppen Group AB (publ) (OM:FG) agreed to acquire Åby Fasad Ab. Fasadgruppen Group AB (publ) (OM:FG) agreed to acquire Åby Fasad Ab on June 22, 2021. Upon completion Christian and Andreas Carinci will continue to work in their current roles. The deal will be financed through available credit facilities and existing cash. The deal is expected to close on July 1, 2021. Announcement • May 19
Fasadgruppen Group AB (Publ) Resolves Dividend, Payable on May 25, 2021 Fasadgruppen Group AB (publ) announced that at the AGM held on May 18, 2021, it has resolved dividend of SEK 0.60 per share. May 20, 2021 shall be the record date for the dividend. Payment for the dividend is expected to be made on May 25, 2021. Reported Earnings • May 19
First quarter 2021 earnings released: EPS kr0.16 (vs kr1.02 in 1Q 2020) The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: kr437.4m (up 46% from 1Q 2020). Net income: kr7.30m (down 70% from 1Q 2020). Profit margin: 1.7% (down from 8.0% in 1Q 2020). The decrease in margin was driven by higher expenses. Announcement • May 14
Fasadgruppen Group AB (publ) (OM:FG) acquired RSM Fasade AS And Rogaland Blikk AS. Fasadgruppen Group AB (publ) (OM:FG) acquired RSM Fasade AS And Rogaland Blikk AS on May 12, 2021. Fasadgruppen is using available credit facilities and existing cash to finance the acquisition of all shares in RSM and RB. The sellers of RSM and RB have undertaken to re-invest part of the purchase price by acquiring existing shares in Fasadgruppen within the next three months for an amount corresponding to NOK 10.8 million. For the year ended December 31, 2020 RSM recorded the revenues of NOK 49 million and RB recorded the revenues of NOK 18 million. The completion of the acquisition is not subject to any conditions, and RSM and RB will therefore immediately become part of Fasadgruppen.
Fasadgruppen Group AB (publ) (OM:FG) completed the acquisition of RSM Fasade AS And Rogaland Blikk AS on May 12, 2021. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improved over the past week After last week's 15% share price gain to kr13.22, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 15x in the Construction industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €11.21 per share. Reported Earnings • Feb 21
Full year 2020 earnings released: EPS kr2.71 (vs kr3.81 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: kr1.34b (up 32% from FY 2019). Net income: kr89.6m (up 4.3% from FY 2019). Profit margin: 6.7% (down from 8.4% in FY 2019). The decrease in margin was driven by higher expenses. Analyst Estimate Surprise Post Earnings • Feb 21
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 35%. Over the next year, revenue is forecast to grow 66%, compared to a 6.0% growth forecast for the Construction industry in Germany. 
