Reported Earnings • Jul 19
Second quarter 2026 earnings released: EPS: kr1.77 (vs kr2.26 in 2Q 2025) Second quarter 2026 results: EPS: kr1.77 (down from kr2.26 in 2Q 2025). Revenue: kr3.31b (up 1.6% from 2Q 2025). Net income: kr137.0m (down 21% from 2Q 2025). Profit margin: 4.1% (down from 5.3% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Declared Dividend • May 21
Dividend of kr2.80 announced Shareholders will receive a dividend of kr2.80. Ex-date: 2nd November 2026 Payment date: 6th November 2026 Dividend yield will be 23%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 50% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 21
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Director Joonas Sandholm was the last director to join the board, commencing their role in 2026. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 14
Lindab International AB (Publ) Elects Joonas Sandholm as Members of the Board Lindab International AB (publ) at its Annual General Meeting held on May 12, 2026 elected Joonas Sandholm as members of the Board. Announcement • Apr 08
Lindab International AB (publ) Proposes Dividend for the Financial Year 2025 The Board of Lindab International AB (publ) proposed that a dividend of in total SEK 5.60 per share is resolved for the financial year 2025, to be paid half-yearly in two instalments of SEK 2.80 per share. As record dates for the half-yearly dividend the Board proposes May 15, 2026 and November 3, 2026, respectively. The dividend is expected to be distributed by Euroclear Sweden AB on the third banking day after the respective record date. Announcement • Feb 13
Lindab International AB (publ), Annual General Meeting, May 12, 2026 Lindab International AB (publ), Annual General Meeting, May 12, 2026. Announcement • Jul 03
Lindab International AB (publ) (OM:LIAB) completed the acquisition of Has-Vent Limited. Lindab International AB (publ) (OM:LIAB) agreed to acquire Has-Vent Limited on October 5, 2023. The acquisition is financed through Lindab's own funds. HAS-Vent has 105 employees and an annual turnover of approximately SEK 280 million. As of February 28, 2024, The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services. The CMA announced the launch of its merger inquiry by notice to the Parties on February 28, 2024, and has a deadline of April 26, 2024, for its phase 1 decision. The end of the initial period and the deadline for the CMA to announce its decision whether to refer the Merger for a Phase 2 investigation is therefore April 26, 2024. Following an initial Phase 1 investigation, the Competition and Markets Authority (CMA) has found that Lindab International AB's purchase of HAS-Vent Holdings Limited raises competition concerns in relation to the supply of circular ducts and fittings in England and Wales. Lindab and HAS-Vent now have 5 working days to offer solutions which fully resolve the CMA's competition concerns, otherwise it will refer the deal to an in-depth Phase 2 investigation. The Competition and Markets Authority (CMA) has found that the acquisition has resulted, or may be expected to result, in a substantial lessening of competition (SLC) in the supply of circular ducts and fittings in the local areas centered around Nottingham and Stoke-on-Trent. This could lead to reduced choice and higher prices for customers in those areas. On November 27, 2024, the CMA gives notice of the proposal to accept final undertakings and is inviting comments on the proposed draft undertakings by December 11, 2024. As of December 23, 2024, the Competition and Markets Authority (CMA) is investigating the completed acquisition by Lindab International AB of HAS-Vent Holdings Limited. As of July 1, 2025, the regulatory demands set by the CMA have been met, the review has concluded and been closed.
Lindab International AB (publ) (OM:LIAB) completed the acquisition of Has-Vent Limited on July 1, 2025. Announcement • May 14
Lindab International AB (publ) Approves Half-Yearly Dividend In accordance with the Board's proposal, the Meeting of Lindab International AB (publ) resolved on a dividend of SEK 5.40 per share distributed half-yearly of SEK 2.70 per share with record date 15 May and 3 November 2025, at its AGM held on May 13, 2025. Announcement • May 06
Lindab International AB (publ) to Report Fiscal Year 2025 Results on Feb 12, 2026 Lindab International AB (publ) announced that they will report fiscal year 2025 results on Feb 12, 2026 Announcement • Apr 03
Local investors and Slavomír Janík completed the acquisition of Lindab's operations in Slovakia from Lindab International AB (publ) (OM:LIAB). Local investors and Slavomír Janík signed an agreement to acquire Lindab's operations in Slovakia from Lindab International AB (publ) (OM:LIAB) on February 14, 2025.
Lindab's operations in Slovakia reported total revenue of SEK 100 million.
The expected completion of the transaction is in the second quarter of 2025.
Mannheimer Swartling Advokatbyrå Aktiebolag acted as legal advisor for Lindab International AB.
Local investors and Slavomír Janík completed the acquisition of Lindab's operations in Slovakia from Lindab International AB (publ) (OM:LIAB) on April 2, 2025. Announcement • Feb 13
Lindab International AB (Publ) Proposes Dividend Lindab International AB (publ) Board of Directors proposed a dividend of SEK 5.40 (SEK 5.40) per share. Announcement • Dec 21
Lindab International AB (publ) (OM:LIAB) acquired Acomat International. Lindab International AB (publ) (OM:LIAB) acquired Acomat International on December 19, 2024. The acquisition is financed with own cash.
For the period ending December 31, 2023, Acomat International reported total revenue of €80 million.
Lindab International AB (publ) (OM:LIAB) completed the acquisition of Acomat International on December 19, 2024. Announcement • Oct 29
Lindab International AB (publ) Announces to Close Production of Building Products in the Czech Republic Lindab has previously announced that the Profile Systems business area, which manufactures building products, evaluates structural measures to increase profitability. As part of this restructuring, Lindab has decided to close the production of products for Profile Systems in the Czech Republic. Lindab currently has production facilities for both ventilation and building products in the Czech Republic. The ventilation business will remain unchanged, while the production of building products will be terminated at the end of the year. The closure will affect approximately 30 employees in production and warehousing. Customer relations will be taken over by Lindab Slovakia from January. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €19.91, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the Building industry in Europe. Total loss to shareholders of 16% over the past three years. Announcement • Oct 25
Lindab Appoints Nomination Committee for Annual General Meeting 2025 Lindab International AB (publ) announced that the company's Nomination Committee has constituted themselves. The three largest shareholders have appointed members and these, together with the Chairman of the Board Peter Nilsson, have constituted themselves in accordance with the instructions for the Nomination Committee adopted by the AGM. Members of the Nomination Committee: Kristian Åkesson, appointed by Carnegie Fonder, Thomas Ehlin, appointed by Fjärde AP-fonden, Erik Durhan, appointed by Lannebo Kapitalförvaltning AB, and Peter Nilsson, as Chairman of the Board of Lindab International AB (publ). Kristian Åkesson was appointed Chairman of the Nomination Committee. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: kr2.05 (vs kr3.12 in 3Q 2023) Third quarter 2024 results: EPS: kr2.05 (down from kr3.12 in 3Q 2023). Revenue: kr3.35b (up 3.0% from 3Q 2023). Net income: kr158.0m (down 34% from 3Q 2023). Profit margin: 4.7% (down from 7.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 6% per year. Upcoming Dividend • Oct 25
Upcoming dividend of kr2.70 per share Eligible shareholders must have bought the stock before 31 October 2024. Payment date: 06 November 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.0%). Announcement • Sep 09
Lindab International AB (publ) (OM:LIAB) acquired Aeraulique-Thermique-Industrie-Batiment. Lindab International AB (publ) (OM:LIAB) acquired Aeraulique-Thermique-Industrie-Batiment on September 9, 2024.
Lindab International AB (publ) (OM:LIAB) completed the acquisiton of Aeraulique-Thermique-Industrie-Batiment on September 9, 2024. Reported Earnings • Jul 22
Second quarter 2024 earnings released: EPS: kr2.77 (vs kr3.13 in 2Q 2023) Second quarter 2024 results: EPS: kr2.77 (down from kr3.13 in 2Q 2023). Revenue: kr3.52b (up 4.6% from 2Q 2023). Net income: kr213.0m (down 11% from 2Q 2023). Profit margin: 6.1% (down from 7.1% in 2Q 2023). 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 4.5% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 2% per year. Announcement • Jul 21
Lindab International AB (publ) Provides Sales Guidance for the Year 2027 Lindab International AB (publ) provided sales guidance for the year 2027. The target for 2027 is to achieve sales of SEK 20 billion. Declared Dividend • May 16
Dividend of kr2.70 announced Shareholders will receive a dividend of kr2.70. Ex-date: 31st October 2024 Payment date: 6th November 2024 Dividend yield will be 16%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 19% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 72% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 15
Lindab International AB (Publ) Approves Dividend Lindab International AB (publ) at the Annual General Meeting held on May 16, 2024 approved to resolve on a dividend of SEK 5.40 per share distributed half-yearly of SEK 2.70 per share with record date 16 May and 1 November2024. Upcoming Dividend • May 10
Upcoming dividend of kr2.70 per share Eligible shareholders must have bought the stock before 15 May 2024. Payment date: 21 May 2024. Payout ratio is a comfortable 53% 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 (4.6%). Reported Earnings • May 05
First quarter 2024 earnings released: EPS: kr1.53 (vs kr2.35 in 1Q 2023) First quarter 2024 results: EPS: kr1.53 (down from kr2.35 in 1Q 2023). Revenue: kr3.15b (down 2.4% from 1Q 2023). Net income: kr117.0m (down 35% from 1Q 2023). Profit margin: 3.7% (down from 5.6% in 1Q 2023). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year. Declared Dividend • Feb 12
Final dividend of kr2.70 announced Shareholders will receive a dividend of kr2.70. Ex-date: 15th May 2024 Payment date: 21st May 2024 Dividend yield will be 16%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 19% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 55% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 08
Full year 2023 earnings released: EPS: kr11.07 (vs kr12.72 in FY 2022) Full year 2023 results: EPS: kr11.07 (down from kr12.72 in FY 2022). Revenue: kr13.1b (up 6.0% from FY 2022). Net income: kr849.0m (down 13% from FY 2022). Profit margin: 6.5% (down from 7.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Feb 07
Lindab International AB (Publ) Proposes Dividend Lindab International AB (publ) announced that the Board of Directors proposes a dividend of SEK 5.40 (5.20) per share. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €14.32, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Building industry in Europe. Total returns to shareholders of 8.6% over the past three years. Reported Earnings • Oct 28
Third quarter 2023 earnings released: EPS: kr3.13 (vs kr3.49 in 3Q 2022) Third quarter 2023 results: EPS: kr3.13 (down from kr3.49 in 3Q 2022). Revenue: kr3.25b (flat on 3Q 2022). Net income: kr239.0m (down 11% from 3Q 2022). Profit margin: 7.4% (down from 8.2% in 3Q 2022). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Building 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 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 27
Upcoming dividend of kr2.60 per share at 3.3% yield Eligible shareholders must have bought the stock before 03 November 2023. Payment date: 09 November 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (4.9%). Announcement • Oct 24
Lindab International AB (publ) Launches Ventilation Products in Recycled Steel with 62% Lower Climate Impact Lindab takes another step towards reducing the climate impact of its products by extending the standard product range with ventilation ducts in recycled steel. Recycled steel and fossil-free steel are the two materials that Lindab has chosen to reduce both its own and its customers' CO2 emissions. Fossil-free steel, unlike recycled steel, is not yet in large-scale production. Deliveries are expected to start in 2026. Recycled steel is a way to offer products already with lower climate impact. Steel as a material for ventilation products has many advantages. It has a long lifespan, is fireproof and can be recycled without deteriorating in quality. Steel produced with traditional methods has a high climate impact. The steel industry accounts for about 7% of the world's total carbon dioxide emissions. To achieve the global climate goals, new climate-smart technology is needed. As a major purchaser of steel, Lindab wants to ensure that steel with lower climate impact is tested and used in significant ventilation projects. Therefore, Lindab is the first ventilation company to offer ventilation ducts in recycled and fossil-free steel. The recycled steel is already available in sufficient volumes for ventilation ducts to be included in Lindab's standard product range. It contains 75% recycled material, resulting in a 62% reduction in climate impact. Lindab receives its recycled steel from ArcelorMittal's steel mill in Europe and has ongoing dialogues with other steel suppliers. Lindab has previously communicated that the company is the first supplier in the world to offer ventilation ducts in fossil-free steel. Thanks to a test delivery from SSAB, Lindab will have access to it before the large-scale production is expected to start in 2026. The fossil-free steel from the test delivery will be used for selected customer projects as it is only available in a small quantity, unlike products in recycled steel that can be offered on an ongoing basis. Announcement • Oct 17
Lindab International AB (Publ) Announces Board Appointments Lindab International AB (publ) announced that the Chairman of the Board Peter Nilsson, have constituted themselves in accordance with the instructions for the Nomination Committee adopted by the AGM. Members of the Nomination Committee: Henrik Didner, appointed by Didner & Gerge Fonder, Thomas Ehlin, appointed by Fjärde AP-fonden, Martin Nilsson, appointed by Första AP-fonden, Peter Nilsson, as Chairman of the Board of Lindab International AB (publ), Henrik Didner was appointed Chairman of the Nomination Committee. Announcement • Oct 06
Lindab International AB (publ) (OM:LIAB) acquired Has-Vent Limited. Lindab International AB (publ) (OM:LIAB) acquired Has-Vent Limited on October 5, 2023. The acquisition is financed through Lindab's own funds. HAS-Vent has 105 employees and an annual turnover of approximately SEK 280 million.
Lindab International AB (publ) (OM:LIAB) completed the acquisition of Has-Vent Limited on October 5, 2023. New Risk • Jul 25
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 7.4% 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 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 (7.4% average weekly change). Profit margins are more than 30% lower than last year (6.6% net profit margin). Announcement • Jul 23
Lindab International AB (publ) to Report Fiscal Year 2023 Results on Feb 07, 2024 Lindab International AB (publ) announced that they will report fiscal year 2023 results on Feb 07, 2024 New Risk • Jul 23
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.6% Last year net profit margin: 9.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (6.6% net profit margin). Reported Earnings • Jul 21
Second quarter 2023 earnings released: EPS: kr3.13 (vs kr3.92 in 2Q 2022) Second quarter 2023 results: EPS: kr3.13 (down from kr3.92 in 2Q 2022). Revenue: kr3.37b (up 6.1% from 2Q 2022). Net income: kr240.0m (down 20% from 2Q 2022). Profit margin: 7.1% (down from 9.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.9% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Recent Insider Transactions • May 25
President & CEO recently bought €186k worth of stock On the 23rd of May, Ola Ringdahl bought around 12k shares on-market at roughly €15.48 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €466k. Despite this recent buy, Ola has been a net seller over the last 12 months, reducing personal holdings by €1.1m. Announcement • May 12
Lindab International AB (publ) Approves Dividend Lindab International AB (publ) at its Annual General Meeting held on May 11, 2023, approved dividend of SEK 5.20 per share distributed half-yearly of SEK 2.60 per share with record date 15 May 2023 and 6 November 2023. Upcoming Dividend • May 05
Upcoming dividend of kr2.60 per share at 2.9% yield Eligible shareholders must have bought the stock before 12 May 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.1%). Reported Earnings • May 03
First quarter 2023 earnings released: EPS: kr2.35 (vs kr3.09 in 1Q 2022) First quarter 2023 results: EPS: kr2.35 (down from kr3.09 in 1Q 2022). Revenue: kr3.22b (up 18% from 1Q 2022). Net income: kr180.0m (down 24% from 1Q 2022). Profit margin: 5.6% (down from 8.6% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.9% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 20% per year. Board Change • May 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. Employee Representative Director Ulf Jonsson was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 31
Full year 2022 earnings released Full year 2022 results: Revenue: kr12.4b (up 28% from FY 2021). Net income: kr974.0m (up 1.7% from FY 2021). Profit margin: 7.9% (down from 9.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Building industry in Europe. Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: kr12.72 (vs kr12.54 in FY 2021) Full year 2022 results: EPS: kr12.72 (up from kr12.54 in FY 2021). Revenue: kr12.4b (up 28% from FY 2021). Net income: kr974.0m (up 1.7% from FY 2021). Profit margin: 7.9% (down from 9.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Feb 11
Lindab International AB (publ) to Report Q4, 2022 Results on Feb 09, 2023 Lindab International AB (publ) announced that they will report Q4, 2022 results at 7:40 AM, Central European Standard Time on Feb 09, 2023 Announcement • Feb 09
Lindab International AB (publ) Proposes to Increase the Dividend for 2022 Lindab International AB (publ) proposes to increase the dividend by 30% to SEK 5.20 per share (SEK 4.00 per share) for 2022. Announcement • Feb 01
Lindab Launches Low-Carbon Emissions Steel Products in Sweden Lindab announces that it will offer products in low-carbon emissions steel for the Swedish market. The low-carbon emissions steel consists mostly of recycled steel, is produced with 100% renewable energy and has approximately 70% lower climate impact than traditionally produced steel. The low-carbon emissions steel, XCarb® RRP, has about 70% lower CO2 footprint than traditionally produced steel, according to environmental product declarations by manufacturer ArcelorMittal. The steel is based on at least 75% recycled steel and is produced using 100% renewable energy. The steel is coated with Magestic, Lindab's trademark for zinc magnesium, an effective corrosion inhibitor. Announcement • Dec 06
Lindab International AB (Publ) Announces Resignation of Jonas Arkestad as Chief Financial Officer Lindab International AB (publ) announced that Jonas Arkestad has announced that he will leave his role as Chief Financial Officer and member of the Group management team. The recruitment of a replacement will begin immediately. Jonas Arkestad will continue in his role until a successor takes office, or until May 2023 at the latest. Upcoming Dividend • Oct 28
Upcoming dividend of kr2.00 per share Eligible shareholders must have bought the stock before 04 November 2022. Payment date: 10 November 2022. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (5.0%). Higher than average of industry peers (2.4%). Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: kr3.48 (vs kr3.92 in 3Q 2021) Third quarter 2022 results: EPS: kr3.48 (down from kr3.92 in 3Q 2021). Revenue: kr3.24b (up 30% from 3Q 2021). Net income: kr267.0m (down 11% from 3Q 2021). Profit margin: 8.2% (down from 12% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Building industry in Europe are expected to grow by 6.0%. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Oct 11
Lindab International AB (Publ) Appoints Nomination Committee Lindab announces that, in accordance with the decision at its Annual General Meeting, the Chairman of t Board Peter N Nilsson, in cooperation with the three largest owners of Lindab has appointed a Nomination Committee, comprising of: Thomas Ehlin, appointed by Fjärde AP-fonden Henrik Didner, appointed by Didner & Gerge Fonder. Anna Sundberg, appointed by Handelsbanken Fonder. Peteter Nilsson, as Chairman of the Board of Lindab Intertional AB (publ) Thomas Ehlin was appopointed Chairman of the Nomination Committee. Announcement • Sep 15
Lindab International AB (publ) (OM:LIAB) acquired Liftasud. Lindab International AB (publ) (OM:LIAB) acquired Liftasud on September 13, 2022.
Lindab International AB (publ) (OM:LIAB) completed the acquisition of Liftasud on September 13, 2022. Announcement • Sep 07
Lindab International AB (publ) (OM:LIAB) acquired Disys Technologies Limited. Lindab International AB (publ) (OM:LIAB) acquired Disys Technologies Limited on September 5, 2022. Disys Technologies Limited has annual sales of approximately SEK 18 million and an operating margin that is higher than Lindab's operating margin. DiSYS Technologies has 10 employees. The acquisition is financed through own funds.
Lindab International AB (publ) (OM:LIAB) completed the acquisition of Disys Technologies Limited on September 5, 2022. Reported Earnings • Jul 22
Second quarter 2022 earnings released: EPS: kr3.92 (vs kr3.51 in 2Q 2021) Second quarter 2022 results: EPS: kr3.92 (up from kr3.51 in 2Q 2021). Revenue: kr3.17b (up 27% from 2Q 2021). Net income: kr300.0m (up 12% from 2Q 2021). Profit margin: 9.5% (down from 11% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 7.8%, compared to a 12% growth forecast for the industry in Germany. 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 15% per year, which means it is significantly lagging earnings growth. Announcement • Jul 07
Lindab International AB (publ) (OM:LIAB) completed the acquisition of Muncholm A/S. Lindab International AB (publ) (OM:LIAB) agreed to acquire Muncholm A/S on June 8, 2022. Lars Nørskov Pedersen, co-owner and Managing director, as well as Sören Klavsen, co-owner and Sales manager for tinsmiths, will continue with Muncholm. The acquisition is subject to approval by the Danish anti-trust authorities. The transaction is expected to be completed during the third quarter of 2022.
Lindab International AB (publ) (OM:LIAB) completed the acquisition of Muncholm A/S on July 6, 2022. The acquisition received approval from Danish competition authorities on June 30, 2022. Announcement • Jun 17
Lindab International AB (publ) (OM:LIAB) acquired R-Vent Group B.V. Lindab International AB (publ) (OM:LIAB) acquired R-Vent Group B.V. on June 16, 2022.
Lindab International AB (publ) (OM:LIAB) completed the acquisition of R-Vent Group B.V. on June 16, 2022. Announcement • Jun 09
Lindab International AB (publ) (OM:LIAB) agreed to acquire Muncholm A/S. Lindab International AB (publ) (OM:LIAB) agreed to acquire Muncholm A/S on June 8, 2022. Muncholm has annual sales of approximately SEK 250 million. Lars Nørskov Pedersen, co-owner and Managing director, as well as Sören Klavsen, co-owner and Sales manager for tinsmiths, will continue in the company. The acquisition is subject to approval by the Danish anti-trust authorities. The transaction is expected to be completed during the third quarter of 2022. The company's operating margin is in line with Lindab's operating margin. Recent Insider Transactions • May 18
Independent Chairman of the Board recently bought €239k worth of stock On the 13th of May, Peter Nilsson bought around 13k shares on-market at roughly €18.01 per share. This was the largest purchase by an insider in the last 3 months. Peter has been a buyer over the last 12 months, purchasing a net total of €750k worth in shares. Announcement • May 13
Lindab International AB (publ) Approves Dividend for the Financial Year 2021 Lindab International AB (publ) announced that at its Annual General Meeting held on May 12, 2022, the Board resolved on a dividend of SEK 4.00 per share distributed half-yearly of SEK 2.00 per share with record date 16 May and 7 November 2022. Upcoming Dividend • May 06
Upcoming dividend of kr2.00 per share Eligible shareholders must have bought the stock before 13 May 2022. Payment date: 19 May 2022. Payout ratio is a comfortable 29% but the company is paying out more than the cash it is generating. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.1%). Lower than average of industry peers (2.8%). Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: kr3.09 (vs kr1.83 in 1Q 2021) First quarter 2022 results: EPS: kr3.09 (up from kr1.83 in 1Q 2021). Revenue: kr2.73b (up 22% from 1Q 2021). Net income: kr236.0m (up 69% from 1Q 2021). Profit margin: 8.6% (up from 6.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 11%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 06
Lindab International AB (publ) Proposes Dividend for the Financial Year 2021 Lindab International AB (publ) announced that at the Annual General Meeting to be held on May 12, 2022, the Board proposed that a dividend of in total SEK 4.00 per share is resolved for the financial year 2021, to be paid half-yearly in two instalments of SEK 2.00 per share. As record dates for the half-yearly dividend the Board proposes May 16, 2022 and November 7, 2022, respectively. The dividend is expected to be distributed by Euroclear Sweden AB on the third banking day after the respective record date. Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: kr12.54 (vs kr7.81 in FY 2020) Full year 2021 results: EPS: kr12.54 (up from kr7.81 in FY 2020). Revenue: kr9.65b (up 5.3% from FY 2020). Net income: kr958.0m (up 61% from FY 2020). Profit margin: 9.9% (up from 6.5% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 14%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Feb 13
Independent Chairman of the Board recently bought €190k worth of stock On the 11th of February, Peter Nilsson bought around 8k shares on-market at roughly €23.71 per share. This was the largest purchase by an insider in the last 3 months. Peter has been a buyer over the last 12 months, purchasing a net total of €712k worth in shares. Announcement • Feb 12
Lindab International AB (Publ) Proposes Dividend for the Year 2021 The Board of Directors of Lindab International AB (publ) proposed a dividend of SEK 4.00 (SEK 3.40) per share for the year 2021, split and paid out on two occasions. Reported Earnings • Feb 12
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: kr12.52 (up from kr7.81 in FY 2020). Revenue: kr9.65b (up 5.3% from FY 2020). Net income: kr958.0m (up 61% from FY 2020). Profit margin: 9.9% (up from 6.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.6%. Over the next year, revenue is forecast to grow 9.3%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 27
Lindab International AB (publ) (OM:LIAB) acquired Nord Trade Ab. Lindab International AB (publ) (OM:LIAB) acquired Nord Trade Ab on January 25, 2022. Nord Trade Ab has annual revenues of SEK 20 million.
Lindab International AB (publ) (OM:LIAB) completed the acquisition of Nord Trade Ab on January 25, 2022. Announcement • Dec 10
Lindab International AB (publ) (OM:LIAB) signed an agreement to acquire Alig Ventilation Ab. Lindab International AB (publ) (OM:LIAB) signed an agreement to acquire Alig Ventilation Ab on December 9, 2021. For the year ended year ended, 2020 Alig Ventilation reported sales of SEK 65 million and has 15 employees. Transaction is expected to be close in January 2022. Recent Insider Transactions • Nov 07
Independent Director recently bought €616k worth of stock On the 4th of November, Per Bertland bought around 22k shares on-market at roughly €27.98 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €511k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 02
Third quarter 2021 earnings released: EPS kr3.92 (vs kr2.44 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr2.49b (up 21% from 3Q 2020). Net income: kr299.0m (up 61% from 3Q 2020). Profit margin: 12% (up from 9.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. 
