Announcement • Jul 16
Hexatronic Group AB (publ) Announces Appointment of Oscar Wärme as Acting Head of Data Center, Effective August 1, 2026 Hexatronic Group AB (publ) had appointed Oscar Wärme as acting Head of Data Center, effective August 1, 2026. He succeeded Martin Åberg as Head of Data Center, who decided to leave Hexatronic in June 2026. Oscar Wärme joined Hexatronic in 2022 and currently serves as Head of M&A. He has played a key role in acquisition strategy, operations and in the development of the focus on the Harsh Environment and especially the Data Center business areas. Prior to joining Hexatronic, Oscar held M&A positions at Loomis and deal advisory at KPMG. In his new role, Oscar will be a member of Executive Management Team and report to Rikard Fröberg, President and CEO. Martin Åberg will remain available to support a smooth transition. Announcement • Jul 15
Hexatronic Group AB (publ) to Report Fiscal Year 2026 Results on Feb 04, 2027 Hexatronic Group AB (publ) announced that they will report fiscal year 2026 results on Feb 04, 2027 Announcement • Jun 15
Martin Åberg to Leave Hexatronic as Deputy CEO and Head of the Data Center Business Area Martin Åberg has informed the CEO of Hexatronic that he has decided to leave his position as Deputy CEO and Head of the Data Center business area to focus on his private investments going forward. To ensure an orderly and smooth transition, Martin Åberg will remain in his role until a successor has been appointed. Martin Åberg has been a member of Group Management since 2014. During his time at Hexatronic, he has served as Deputy CEO and has been responsible for business development and M&A. In recent years, he has also held the position as Head of the Data Center business area. He has played a central role in driving strategic initiatives and has contributed significantly to the Group’s growth and diversification. Announcement • Jun 01
Hexatronic Group AB (publ) (OM:HTRO) completed the acquisition of Superior Fiber & Data Services, Inc. Hexatronic Group AB (publ) (OM:HTRO) entered into an agreement to acquire Superior Fiber & Data Services, Inc. for enterprise value of $29 million on May 6, 2026. The consideration includes a potential additional earn-out of $3 million payable in 2029. The acquisition will be financed with proceeds from an accelerated bookbuilding process. The transaction is valued at an EV/EBITDA multiple of 5.8x to 6.4x. Randy Fuller, the founder and current Chief Operating Officer of Superior Fiber & Data Services, Inc, will remain with the company and transition into the role of Chief Executive Officer. Superior Fiber & Data Services, Inc is planning to do a tax reorganization prior to the completion of the acquisition which would lower the effective EV/EBITDA multiple to 5.4x-6.0x.
For the period ending December 31, 2025, Superior Fiber & Data Services, Inc. reported total revenue of $40 million and EBITDA of $5 million.
The transaction is expected to be completed on before end of May 2026.
Hexatronic Group AB (publ) (OM:HTRO) completed the acquisition of Superior Fiber & Data Services, Inc. on June 1, 2026. Announcement • May 09
Hexatronic Group AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 600.000012 million. Hexatronic Group AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 600.000012 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 15,789,474
Price\Range: SEK 38 Announcement • May 07
Hexatronic Group AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 550 million. Hexatronic Group AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 550 million.
Security Name: Ordinary Shares
Security Type: Common Stock Announcement • Apr 03
Hexatronic Group AB (publ) (OM:HTRO) completed the acquisition of JOWO-Systemtechnik AG. Hexatronic Group AB (publ) (OM:HTRO) signed a binding agreement to acquire JOWO-Systemtechnik AG for an enterprise value of €11.8 million on March 2, 2026. The transaction also includes a self-funded earnout based on performance, payable in 2031. JOWO will be consolidated into the Hexatronic Harsh Environment business area. The acquisition has been financed through available cash and existing credit facilities.
The transaction reflects TEV/EBITDA multiple of 4.7x. For the period ending December 31, 2025, JOWO-Systemtechnik AG reported total revenue of €18 million.
The transaction is subject to approval by the German Authorities under the German Foreign Trade and Payments Act, and is expected to close in Q2, 2026.
Hexatronic Group AB (publ) (OM:HTRO) completed the acquisition of JOWO-Systemtechnik AG on April 1, 2026. Announcement • Mar 03
Hexatronic Group AB (publ) (OM:HTRO) signed a binding agreement to acquire JOWO-Systemtechnik AG for an enterprise value of €11.8 million. Hexatronic Group AB (publ) (OM:HTRO) signed a binding agreement to acquire JOWO-Systemtechnik AG for an enterprise value of €11.8 million on March 2, 2026. JOWO will be consolidated into the Hexatronic Harsh Environment business area. The acquisition has been financed through available cash and existing credit facilities.
The transaction reflects TEV/EBITDA multiple of 4.7x. For the period ending December 31, 2025, JOWO-Systemtechnik AG reported total revenue of €18 million.
The transaction is subject to approval by the German Authorities under the German Foreign Trade and Payments Act, and is expected to close in Q2, 2026. Announcement • Nov 26
Hexatronic Group AB (publ) (OM:HTRO) acquired Communication Zone Inc. for $20.4 million. Hexatronic Group AB (publ) (OM:HTRO) acquired Communication Zone Inc. for $20.4 million on November 25, 2025. Hexatronic Group AB (publ) will pay an earnout/contingent payment of $3.5 million cash. As part of consideration, $3.5 million is paid towards common equity of Communication Zone Inc. The founders of Communication Zone, John Kaprales and Rick Wasmund, will remain in their respective positions as CEO and President, continuing to develop the business. Communication Zone will be part of the Hexatronic Data Center business area. The acquisition has been financed through available cash and existing debt facilities.
For the period ending December 31, 2024, Communication Zone Inc. has a turnover of approximately USD 20 million and a normalized EBITDA of USD 4 million.
Hexatronic Group AB (publ) (OM:HTRO) completed the acquisition of Communication Zone Inc. for $20.4 million on November 25, 2025. Announcement • Sep 18
Hexatronic Group AB (publ), Annual General Meeting, May 12, 2026 Hexatronic Group AB (publ), Annual General Meeting, May 12, 2026. Location: gothenburg Sweden Announcement • Apr 03
Hexatronic Group AB (publ), Annual General Meeting, May 05, 2025 Hexatronic Group AB (publ), Annual General Meeting, May 05, 2025, at 15:00 W. Europe Standard Time. Location: at gothia towers, massans gata 24, se-412 51, gothenburg Sweden Announcement • Feb 05
Hexatronic Group AB (publ) Implements Changes in Executive Management Hexatronic Group AB (publ) implemented changes in Executive Management. As part of focusing the business on the Group's business areas and future growth strategy, changes are being made to the Executive Management Team. Anna Bailey, Sourcing and Supply Director, and Tomas Jendel, CTO, will leave Executive Management to continue their corresponding roles in the Fiber Solutions business area. Linn Lundstedt, General Counsel and Company Secretary of Hexatronic Group, will join Executive Management. The changes will take effect immediately. Linn Lundstedt (born 1984) was recruited to Hexatronic in 2023. She previously worked as corporate counsel at Ericsson and Preem and as an attorney at the law firm Roschier. She holds a Master of Laws from Uppsala University and a Bachelor of Social Science in Business from Uppsala University. Organizationally, the management of the business areas is represented in the Executive Management Team. Incoming CEO Rikard Fröberg, who starts on March 1, will also lead Fiber Solutions. Martin Åberg is responsible for Data Center and Jakob Skov is responsible for Harsh Environment. Announcement • Oct 02
Hexatronic Group AB (publ) (OM:HTRO) completed the acquisition of Parts of Endor from Sýn hf. (ICSE:SYN). Hexatronic Group AB (publ) (OM:HTRO) signed a letter of intent to acquire Parts of Endor from Sýn hf. (ICSE:SYN) on July 8, 2024. The acquisition will not have a material impact on Hexatronic's results. In total, less than five employees will be transferred to Hexatronic. Hexatronic expects to take over the business in autumn.
Hexatronic Group AB (publ) (OM:HTRO) completed the acquisition of Parts of Endor from Sýn hf. (ICSE:SYN) on October 1, 2024. Announcement • Sep 20
Hexatronic Group AB (Publ) Announces Appointment of Nomination Committee Hexatronic Group AB (publ) announced that Nomination Committee for Annual General Meeting in 2025 has been established. The four largest shareholders, in terms of votes at the end of August, had the right to nominate members. The Chairman of the Board shall be co-opted into the Nomination Committee. The Nomination Committee has been appointed as follows: Staffan Ringvall, Handelsbanken Fonder (Chairman of the Nomination Committee), Sophie Larsén, AMF Pension & Fonder, Mark Shay, Accendo Capital,Jonas Nordlund, representing himself Magnus Nicolin, co-opted, Chairman of the Board of Hexatronic Group. Announcement • May 08
Hexatronic Group AB (Publ) Announces Board Appointments Hexatronic Group AB (publ) at its AGM held on May 7, 2024, approved the appointment of Diego Andersson, Linda Hernström, Magnus Nicolin and Åsa Sundberg as members of the Board of Directors. Magnus Nicolin was elected as Chairman of the Board of Directors. Announcement • Apr 27
Hexatronic Group AB (publ) Changes in Executive Management Team Hexatronic Group AB (publ) announced two changes in the company's executive management. Jakob Skov, Head of focus area Harsh Environment, will join the company's executive management as of April 2024 and in June 2024 Pernilla Grennfelt will join Hexatronic as Head of Investor Relations and join the company's executive management. Jakob Skov joined Hexatronic in 2022 and has since then successfully led Hexatronic's focus area Harsh Environment, which in the recent year has grown into a significant part of the Group's total sales. Jakob Skov has held senior roles in several global companies that specialize in advanced fiberoptics. He holds an MSc in International Business Administration and Finance from Aarhus School of Economics. Pernilla Grennfelt will assume the role as Head of Investor Relations in June 2024. Pernilla comes most recently from a role as a partner at Cord Communications. She was previously interim Head of Investor Relations at Tele2 and has before that participated in establishing and leading Investor Relations at Gränges and ICA Gruppen. She holds an MSc in Business Administration from Gothenburg School of Business, Economics and Law. Following these changes, Hexatronic's executive management team will consist of: Henrik Larsson Lyon – CEO and President; Pernilla Lindén – CFO; Martin Åberg – Deputy CEO; Jakob Skov – Head of focus area Harsh Environment; Christian Priess – Head of Central Europe; Magnus Angermund – Head of Northern Europe; Anna Bailey – Sourcing and Supply Chain Director; Lise-Lott Schönbeck – CMO; Tomas Jendel – CTO; Pernilla Grennfelt – Head of Investor Relations. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 38% After last week's 38% share price gain to kr32.59, the stock trades at a forward P/E ratio of 12x. Average trailing P/E is 16x in the Electrical industry in the United Kingdom. Total returns to shareholders of 60% over the past three years. Announcement • Feb 09
Hexatronic Group AB (Publ) Proposes No Payment of Dividend for the Financial Year 2023 The Board of Directors of Hexatronic Group AB (publ) proposed to the Annual General Meeting that no payment of dividend will be made for the financial year 2023. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment deteriorates as stock falls 50% After last week's 50% share price decline to kr23.67, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 16x in the Electrical industry in the United Kingdom. Total returns to shareholders of 66% over the past three years. Recent Insider Transactions • Dec 18
CEO & Group President recently bought kr498k worth of stock On the 15th of December, Henrik Larsson-Lyon bought around 21k shares on-market at roughly kr23.70 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Henrik has been a buyer over the last 12 months, purchasing a net total of kr2.5m worth in shares. Announcement • Oct 21
Hexatronic Group AB (publ), Annual General Meeting, May 07, 2024 Hexatronic Group AB (publ), Annual General Meeting, May 07, 2024. Announcement • Sep 23
Hexatronic Group AB (Publ) Provides Earnings Guidance for the Second Half of 2023 Hexatronic Group AB (publ) provided earnings guidance for the second half of 2023. Following softer market conditions in primarily the US and Germany in the subsequent period, the company foresees a negative organic revenue growth during the second half of 2023. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to kr64.94, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Electrical industry in the United Kingdom. Total returns to shareholders of 401% over the past three years. New Risk • Aug 20
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: kr2.3m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks High level of debt (62% net debt to equity). Significant insider selling over the past 3 months (kr2.3m sold). Reported Earnings • Aug 16
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr2.28b (up 37% from 2Q 2022). Net income: kr259.0m (up 37% from 2Q 2022). Profit margin: 11% (in line with 2Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electrical industry in the United Kingdom. Announcement • Jun 29
Hexatronic Group AB (publ) (OM:HTRO) signed an agreement to acquire Cortland Fibron BX Limited from Rubicon Partners. Hexatronic Group AB (publ) (OM:HTRO) signed an agreement to acquire Cortland Fibron BX Limited from Rubicon Partners on June 28, 2023. The purchase price corresponds to a fixed enterprise value of GBP 25 million, with a potential earn-out of up to GBP 7 million based on Fibron’s accumulated EBITDA for the full year of 2023. EBITDA for the current year is expected to be GBP 5.3 million, which will result in full earnout and a purchase price of GBP 32 million. This corresponds to a transaction multiple of 6.0x based on expected EBITDA for the current year and 7.4x based on EBITDA for the full year of 2022. The proposed acquisition will be fully financed through existing credit facilities from Danske bank and SEB. After completion of the transaction, Hexatronic’s proforma net debt is expected to amount to 1.5 times proforma EBITDA. Proforma net debt including lease liabilities is expected to amount to 1.8 times proforma EBITDA. The existing Fibron management team will remain in their current roles. The transaction is subject to customary closing conditions and regulatory approval under the National Security and Investment Act. The deal is expected to be completed in the latter part of the third quarter 2023. Alvarez & Marsal is serving as financial due diligence advisor to Hexatronic, White & Case is serving as legal counsel in connection with the transaction. Rubicon Partners were advised by KPMG (sell-side M&A) and Proskauer (legal). Announcement • May 10
Hexatronic Group AB (publ) Approves Dividend for the Financial Year 2022 Hexatronic Group AB (publ) at its AGM held on 9 May 2023 resolved that a dividend of SEK 0.10 per share for the financial year 2022 shall be paid and that the record date for receipt of the dividend shall be 11 May 2023. Announcement • Feb 09
Hexatronic Group AB (Publ) Proposes Dividend for the Financial Year 2022 The Board of Directors of Hexatronic Group AB (publ) will propose a dividend of SEK 0.10 (0.10) per share for the financial year 2022 to the Annual General meeting. Recent Insider Transactions • Dec 29
Independent Director recently bought kr3.9m worth of stock On the 27th of December, Jaakko Kivinen bought around 28k shares on-market at roughly kr141 per share. This transaction increased Jaakko's direct individual holding by 11x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr54m more in shares than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improved over the past week After last week's 17% share price gain to kr123, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 18x in the Electrical industry in Europe. Total returns to shareholders of 70% over the past year. Recent Insider Transactions • May 31
CEO & Group President recently bought kr482k worth of stock On the 24th of May, Henrik Larsson-Lyon bought around 1k shares on-market at roughly kr386 per share. This was the largest purchase by an insider in the last 3 months. This was Henrik's only on-market trade for the last 12 months. Recent Insider Transactions • May 25
Deputy Chief Executive Officer recently bought kr325k worth of stock On the 20th of May, Martin Åberg bought around 900 shares on-market at roughly kr361 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr15m more in shares than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improved over the past week After last week's 18% share price gain to kr434, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 16x in the Electrical industry in the United Kingdom. Total returns to shareholders of 168% over the past year. Simply Wall St's valuation model estimates the intrinsic value at kr350 per share. Reported Earnings • Apr 14
Full year 2021 earnings released: EPS: kr6.60 (vs kr3.38 in FY 2020) Full year 2021 results: EPS: kr6.60 (up from kr3.38 in FY 2020). Revenue: kr3.49b (up 68% from FY 2020). Net income: kr253.1m (up 100% from FY 2020). Profit margin: 7.2% (up from 6.1% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 43%, compared to a 206% growth forecast for the industry in the United Kingdom. Recent Insider Transactions • Mar 02
Insider recently sold kr17m worth of stock On the 25th of February, Håkan Bäckström sold around 50k shares on-market at roughly kr340 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr16m more than they bought in the last 12 months. Reported Earnings • Feb 25
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: kr6.60 (up from kr3.38 in FY 2020). Revenue: kr3.52b (up 69% from FY 2020). Net income: kr253.1m (up 100% from FY 2020). Profit margin: 7.2% (up from 6.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.1%. Over the next year, revenue is forecast to grow 38%, compared to a 241% growth forecast for the industry in the United Kingdom. Announcement • Feb 25
Hexatronic Group AB (publ) to Report Fiscal Year 2022 Results on Feb 09, 2023 Hexatronic Group AB (publ) announced that they will report fiscal year 2022 results at 7:00 AM, Central European Standard Time on Feb 09, 2023 Recent Insider Transactions • Jan 26
Insider recently bought kr1.0m worth of stock On the 24th of January, Anna Bailey bought around 3k shares on-market at roughly kr340 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr1.3m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jan 16
Independent Director recently bought kr1.0m worth of stock On the 14th of January, Jaakko Kivinen bought around 3k shares on-market at roughly kr387 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr1.3m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment deteriorated over the past week After last week's 19% share price decline to kr414, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 22x in the Electrical industry in Europe. Total returns to shareholders of 426% over the past year. Simply Wall St's valuation model estimates the intrinsic value at kr391 per share. Recent Insider Transactions • Dec 12
Chief Technology Officer recently bought kr248k worth of stock On the 10th of December, Tomas Jendel bought around 540 shares on-market at roughly kr460 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Nov 03
Third quarter 2021 earnings released: EPS kr1.89 (vs kr1.04 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr909.2m (up 70% from 3Q 2020). Net income: kr72.4m (up 85% from 3Q 2020). Profit margin: 8.0% (up from 7.3% in 3Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improved over the past week After last week's 19% share price gain to kr323, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 21x in the Electrical industry in Europe. Total returns to shareholders of 410% over the past year. Simply Wall St's valuation model estimates the intrinsic value at kr243 per share. Announcement • Sep 24
Hexatronic Group AB (publ) (OM:HTRO) signed an agreement to acquire Kevin M. Ehringer Enterprises, Inc. from Kevin Ehringer. Hexatronic Group AB (publ) (OM:HTRO) signed an agreement to acquire Kevin M. Ehringer Enterprises, Inc. from Kevin Ehringer on September 22, 2021. As per the transaction, Kevin Ehringer will remain as Chief Executive Officer. The acquisition is financed by a senior bank loan from Danske Bank. The acquisition is subject to customary closing conditions and is expected to close early October 2021. White & Case Advokat AB acted as legal advisor to Hexatronic in the transaction. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS kr1.81 (vs kr0.88 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr796.5m (up 56% from 2Q 2020). Net income: kr68.3m (up 106% from 2Q 2020). Profit margin: 8.6% (up from 6.5% in 2Q 2020). The increase in margin was driven by higher revenue. Executive Departure • Aug 11
Acting Chief Financial Officer Svante Goden has left the company On the 9th of August, Svante Goden's tenure as Acting Chief Financial Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Svante's name. Svante is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.29 years. Announcement • Aug 04
Hexatronic Group AB (publ) (OM:HTRO) acquired Optical Solutions (Australia) Pty Limited. Hexatronic Group AB (publ) (OM:HTRO) acquired Optical Solutions (Australia) Pty Limited on August 2, 2021. In a related transaction, Hexatronic Group AB acquired The Fibre Optic Shop Pty Ltd on August 2, 2021. OSA and FOS is consolidated into Hexatronic Group from August 1, 2021. The combined enterprise value for the two businesses amounts to AUD 47.4 million, with an additional purchase consideration of up to AUD 6.8 million based on performance of the two entities. For both transactions, the fixed purchase price is partly paid 90% in cash and 10% in newly issued shares. Both acquisitions are being financed by a senior bank loan from Danske Bank. Corrs Chambers Westgarth acted as legal counsel to Hexatronic on this transaction.
Hexatronic Group AB (publ) (OM:HTRO) completed the acquisition of Optical Solutions (Australia) Pty Limited on August 2, 2021. Announcement • Jun 04
Mpirical Limited acquired Hexatronic Group AB (publ) (OM:HTRO) from the four Directors of Mpirical Limited. Mpirical Limited acquired Hexatronic Group AB (publ) (OM:HTRO) from the four Directors of Mpirical Limited on June 3, 2021. Under the terms, the consideration will be paid in part by issuing 98,615 ordinary shares at SEK 145.66 per share and in part through cash. As part of the transaction, the current team of Mpirical Limited will become part of Hexatronic Group AB (publ) with the four directors of Mpirical Limited retaining their current roles. DMH Stallard acted as legal advisor to Hexatronic Group AB (publ). BCMS Corporate Limited acted as Financial advisor and Mills & Reeve LLP acted as Legal advisor to the four directors of Mpirical Limited.
Mpirical Limited completed the acquisition of Hexatronic Group AB (publ) (OM:HTRO) from the four Directors of Mpirical Limited on June 3, 2021. Announcement • May 07
Hexatronic Group AB (publ) Approves Dividend, Payable 14 May 2021 Hexatronic Group AB (publ) approved dividend of SEK 0.50 per share with record date 10 May 2021 and estimated payment on 14 May 2021 at its AGM held on 6 May 2021. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS kr3.38 (vs kr1.81 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: kr2.08b (up 13% from FY 2019). Net income: kr126.5m (up 89% from FY 2019). Profit margin: 6.1% (up from 3.6% in FY 2019). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improved over the past week After last week's 17% share price gain to kr125, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 26x in the Electrical industry in Europe. Total returns to shareholders of 169% over the past year. Simply Wall St's valuation model estimates the intrinsic value at kr148 per share. Announcement • Mar 03
Hexatronic Group AB (publ) (OM:HTRO) acquired 75% stake in Tk-Kontor-Freitag Gmbh. Hexatronic Group AB (publ) (OM:HTRO) acquired 75% stake in Tk-Kontor-Freitag Gmbh on March 1, 2021. Tk-Kontor-Freitag Gmbh will operate independently of Hexatronic. The founder and CEO will remain a shareholder in Tk-Kontor-Freitag Gmbh and continue in his current role. The acquisition has no significant impact on Hexatronic’s earnings.
Hexatronic Group AB (publ) (OM:HTRO) completed the acquisition of 75% stake in Tk-Kontor-Freitag Gmbh on March 1, 2021. Is New 90 Day High Low • Feb 26
New 90-day high: kr107 The company is up 63% from its price of kr65.60 on 27 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 33% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr165 per share. Reported Earnings • Feb 25
Full year 2020 earnings released: EPS kr3.38 (vs kr1.81 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: kr2.08b (up 13% from FY 2019). Net income: kr126.5m (up 89% from FY 2019). Profit margin: 6.1% (up from 3.6% in FY 2019). The increase in margin was driven by higher revenue. Analyst Estimate Surprise Post Earnings • Feb 25
Revenue misses expectations Revenue missed analyst estimates by 0.02%. Over the next year, revenue is forecast to grow 22%, compared to a 267% growth forecast for the Electrical industry in the United Kingdom. Announcement • Feb 24
Hexatronic Group AB (publ) to Report Fiscal Year 2021 Results on Feb 23, 2022 Hexatronic Group AB (publ) announced that they will report fiscal year 2021 results on Feb 23, 2022 Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 28% share price gain to kr101, the stock is trading at a trailing P/E ratio of 39.1x, up from the previous P/E ratio of 30.5x. This compares to an average P/E of 30x in the Electrical industry in the United Kingdom. Total returns to shareholders over the past year are 76%. Is New 90 Day High Low • Feb 04
New 90-day high: kr101 The company is up 59% from its price of kr63.50 on 06 November 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electrical industry, which is up 74% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr177 per share. Announcement • Jan 23
Hexatronic Australia Pty, Wholly Owned Subsidiary of Hexatronic Group AB, Signs Strategic Supply Agreement with Vocus in Australia Hexatronic Australia Pty, a wholly owned subsidiary of Hexatronic Group AB, has signed a strategic supply agreement with the communications provider Vocus Pty, to supply fibre optic cables. The fibre cable will be used by Vocus as the company expands its fibre broadband network in Australia. The agreement will initially run for two years and Hexatronic will be a supplier for high count fibre optic cable. Is New 90 Day High Low • Dec 23
New 90-day high: kr73.50 The company is up 23% from its price of kr59.80 on 24 September 2020. The British market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electrical industry, which is up 58% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr178 per share. Is New 90 Day High Low • Dec 02
New 90-day high: kr68.60 The company is up 5.0% from its price of kr65.30 on 03 September 2020. The British market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 48% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr153 per share. Announcement • Dec 02
Hexatronic Group AB (publ) Announces Appointment of Magnus Angermund as Head of Northern Europe Hexatronic Group AB (publ) announced that Magnus Angermund, former Marketing manager and responsible for several subsidiaries within Hexatronic Group as well as being the Group’s representative for FTTH (Fiber-to-the-Home) Council Europe, returns to Hexatronic Group and to a newly established position as Head of Northern Europe. As Head of Northern Europe, Magnus will be responsible for Hexatronic Group’s operations in markets including the Nordics, the Baltic states and the UK. Magnus will report to the CEO of Hexatronic Group and is a member of the Group’s management team. Magnus will begin his new position no later than in the month of April 2021. Announcement • Nov 24
Lennart Sparud Is Leaving His Position as CFO in Hexatronic Group AB (Publ) Hexatronic Group AB (publ)’s CFO, Lennart Sparud, has announced that he is leaving the company for a role as CFO at the privately owned investment company Profura Group. Lennart will continue his current role during the search for his successor, but for a maximum of six months.