Buy Or Sell Opportunity • Aug 10
Now 21% undervalued Over the last 90 days, the stock has risen 25% to kr241. The fair value is estimated to be kr303, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 3.0%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Buy Or Sell Opportunity • Jul 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.8% to kr241. The fair value is estimated to be kr302, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 3.0%. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. New Risk • Jul 17
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 43% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 17
Second quarter 2026 earnings released: EPS: kr2.15 (vs kr1.75 in 2Q 2025) Second quarter 2026 results: EPS: kr2.15 (up from kr1.75 in 2Q 2025). Revenue: kr8.99b (up 11% from 2Q 2025). Net income: kr783.0m (up 23% from 2Q 2025). Profit margin: 8.7% (up from 7.9% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to kr257, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 20x in the Machinery industry in the United Kingdom. Total returns to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr287 per share. Recent Insider Transactions • Jun 07
Insider recently bought kr934k worth of stock On the 3rd of June, Juha Kujala bought around 5k shares on-market at roughly kr187 per share. This transaction amounted to 12% 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 kr3.0m more in shares than they have sold in the last 12 months. Announcement • May 30
Indutrade AB (publ) (OM:INDT) acquired Valve Estate B.V. Indutrade AB (publ) (OM:INDT) acquired Valve Estate B.V. on May 27, 2026. Valveco will be included in Indutrade Business Area Process, Energy & Water.
For the period ending December 31, 2025, Valve Estate B.V. reported total revenue of €32 million.
Indutrade AB (publ) (OM:INDT) completed the acquisition of Valve Estate B.V. on May 27, 2026. Buy Or Sell Opportunity • May 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to kr200. The fair value is estimated to be kr253, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has declined by 3.2%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Announcement • May 26
Indutrade AB (publ) (OM:INDT) completed the acquisition of Phacotec Produkt-Service GmbH. Indutrade AB (publ) (OM:INDT) acquired Phacotec Produkt-Service GmbH on May 22, 2026. Phacotec will be included in Indutrade's Business Area Life Science. The acquisition is Indutrade's fourth in 2026 and is expected to have a marginally positive impact on Indutrade's earnings per share.
Indutrade AB (publ) (OM:INDT) completed the acquisition of Phacotec Produkt-Service GmbH on May 22, 2026. Buy Or Sell Opportunity • Apr 29
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.8% to kr199. The fair value is estimated to be kr257, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has declined by 3.2%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Reported Earnings • Apr 26
First quarter 2026 earnings released: EPS: kr1.64 (vs kr1.71 in 1Q 2025) First quarter 2026 results: EPS: kr1.64 (down from kr1.71 in 1Q 2025). Revenue: kr8.06b (flat on 1Q 2025). Net income: kr599.0m (down 3.9% from 1Q 2025). Profit margin: 7.4% (down from 7.8% in 1Q 2025). Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 3% per year and the company’s share price has also fallen by 3% per year. Announcement • Apr 24
Indutrade AB (publ) to Report Fiscal Year 2026 Results on Jan 27, 2027 Indutrade AB (publ) announced that they will report fiscal year 2026 results on Jan 27, 2027 Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr253, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 20x in the Machinery industry in the United Kingdom. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr237 per share. Announcement • Apr 02
Indutrade AB (Publ) Approves Cash Dividend, Payable on 10 April 2026 Indutrade's Annual General Meeting was held on 1 April 2026. The AGM adopted the Board of Directors' proposal that a dividend of SEK 3.10 per share be paid. The record date for the dividend was set to 7 April 2026 and payment is expected to be distributed on 10 April 2026. Announcement • Mar 28
Patrik Johnson to Step Down as CFO of Indutrade AB (Publ) on 16 July 2026 Indutrade AB (publ) announced that Patrik Johnson will step down as CFO and member of the Group management of the company. He will continue in his position until the second quarter 2026 interim report has been published on July 16, 2026. Upcoming Dividend • Mar 26
Upcoming dividend of kr3.10 per share Eligible shareholders must have bought the stock before 02 April 2026. Payment date: 10 April 2026. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (2.1%). Reported Earnings • Mar 12
Full year 2025 earnings released: EPS: kr7.03 (vs kr7.55 in FY 2024) Full year 2025 results: EPS: kr7.03 (down from kr7.55 in FY 2024). Revenue: kr32.2b (down 1.0% from FY 2024). Net income: kr2.56b (down 6.9% from FY 2024). Profit margin: 7.9% (down from 8.4% in FY 2024). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 2% per year. Announcement • Feb 27
Indutrade AB (publ) (OM:INDT) signed an agreement to acquire Cat Ricambi Srl. Indutrade AB (publ) (OM:INDT) signed an agreement to acquire Cat Ricambi Srl on February 26, 2026. CAT Ricambi srl has annual sales of approximately €30 million. The closing is expected to take place on the same day. Announcement • Feb 17
Indutrade AB (publ) to Report Fiscal Year 2025 Results on Mar 10, 2026 Indutrade AB (publ) announced that they will report fiscal year 2025 results on Mar 10, 2026 Announcement • Feb 04
Indutrade AB (publ) (OM:INDT) acquired Belman A/S. Indutrade AB (publ) (OM:INDT) acquired Belman A/S on February 2, 2026.
For the period ending December 31, 2025, Belman A/S reported total revenue of DKK 180 million.
Indutrade AB (publ) (OM:INDT) completed the acquisition of Belman A/S on February 2, 2026. Declared Dividend • Feb 01
Dividend increased to kr3.10 Dividend of kr3.10 is 3.3% higher than last year. Ex-date: 2nd April 2026 Payment date: 10th April 2026 Dividend yield will be 1.5%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 30
Full year 2025 earnings released: EPS: kr7.03 (vs kr7.55 in FY 2024) Full year 2025 results: EPS: kr7.03 (down from kr7.55 in FY 2024). Revenue: kr32.2b (down 1.0% from FY 2024). Net income: kr2.56b (down 6.9% from FY 2024). Profit margin: 7.9% (down from 8.4% in FY 2024). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year. Announcement • Jan 30
Indutrade AB (publ) announces Annual dividend, payable on April 10, 2026 Indutrade AB (publ) announced Annual dividend of SEK 3.1000 per share payable on April 10, 2026, ex-date on April 02, 2026 and record date on April 07, 2026. Announcement • Dec 24
Indutrade AB (publ) (OM:INDT) acquired Thermibel Sa. Indutrade AB (publ) (OM:INDT) acquired Thermibel Sa on December 22, 2025.
Indutrade AB (publ) (OM:INDT) completed the acquisition of Thermibel Sa on December 22, 2025. Announcement • Nov 20
Indutrade AB (publ) (OM:INDT) completed the acquisition of Aplicaciones Tecnicas Maquinsa. Indutrade AB (publ) (OM:INDT) acquired Aplicaciones Tecnicas Maquinsa on November 17, 2025. APLICACIONES TECNICAS MAQUINSA SL will be included in Indutrade's Business Area Life Science. The transaction is expected to have a marginally positive impact on Indutrade's earnings per share.
Indutrade AB (publ) (OM:INDT) completed the acquisition of Aplicaciones Tecnicas Maquinsa on November 17, 2025. Reported Earnings • Oct 21
Third quarter 2025 earnings released: EPS: kr1.85 (vs kr1.92 in 3Q 2024) Third quarter 2025 results: EPS: kr1.85 (down from kr1.92 in 3Q 2024). Revenue: kr7.85b (down 1.6% from 3Q 2024). Net income: kr674.0m (down 3.7% from 3Q 2024). Profit margin: 8.6% (down from 8.8% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Sep 26
Indutrade AB (publ) (OM:INDT) signed an agreement to acquire Aldax AB. Indutrade AB (publ) (OM:INDT) signed an agreement to acquire Aldax AB on September 25, 2025.
For the period ending December 31, 2024, Aldax AB reported total revenue of SEK 50 million. Announcement • Sep 15
Indutrade AB (publ), Annual General Meeting, Apr 01, 2026 Indutrade AB (publ), Annual General Meeting, Apr 01, 2026. Location: stockholm Sweden Announcement • Sep 02
Indutrade AB (publ) (OM:INDT) acquired Crane Electronics Limited. Indutrade AB (publ) (OM:INDT) acquired Crane Electronics Limited on August 29, 2025. The deal is expected to have a marginally positive impact on Indutrade AB (publ) earnings per share.
For the period ending April 5, 2025, Crane Electronics Limited reported total revenue of £8 million.
Indutrade AB (publ) (OM:INDT) completed the acquisition of Crane Electronics Limited on August 29, 2025. Announcement • Aug 23
Indutrade AB (publ) (OM:INDT) signed an agreement to acquire Scan Auto & Dybbroe Group A/S. Indutrade AB (publ) (OM:INDT) signed an agreement to acquire Scan Auto & Dybbroe Group A/S on August 22, 2025. Scan Auto & Dybbroe Group A/S will be included in Indutrade's Business Area Industrial & Engineering. The acquisition is Indutrade's seventh in 2025 and is expected to have a marginally positive impact on Indutrade's earnings per share.
For the period ending December 31, 2024, Scan Auto & Dybbroe Group A/S reported total revenue of DKK 125 million.
The acquisition is conditional upon approval by the Danish Competition Authority, and closing is expected to be finalised during Q3 2025. Announcement • Aug 01
Indutrade AB (publ) (OM:INDT) acquired OPTIMED PRO OFFICE AP SZEWCZYK SPÓLKA JAWNA. Indutrade AB (publ) (OM:INDT) acquired OPTIMED PRO OFFICE AP SZEWCZYK SPÓLKA JAWNA on July 30, 2025.
For the period ending December 31, 2024, OPTIMED PRO OFFICE AP SZEWCZYK SPÓLKA JAWNA reported total revenue of PLN 14 million.
Indutrade AB (publ) (OM:INDT) completed the acquisition of OPTIMED PRO OFFICE AP SZEWCZYK SPÓLKA JAWNA on July 30, 2025. Reported Earnings • Jul 16
Second quarter 2025 earnings released: EPS: kr1.75 (vs kr2.00 in 2Q 2024) Second quarter 2025 results: EPS: kr1.75 (down from kr2.00 in 2Q 2024). Revenue: kr8.12b (down 4.4% from 2Q 2024). Net income: kr638.0m (down 13% from 2Q 2024). Profit margin: 7.9% (down from 8.6% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 5% per year. Announcement • Jul 09
Indutrade AB (publ) (OM:INDT) acquired Utodas B.V. Indutrade AB (publ) (OM:INDT) acquired Utodas B.V. on July 8, 2025. Utodas will be part of Indutrade's Technology & Systems Solutions business area.
For the period ending December 31, 2024, Utodas B.V. reported total revenue of €3 million.
Indutrade AB (publ) (OM:INDT) completed the acquisition of Utodas B.V. on July 8, 2025. Announcement • Jun 26
Indutrade AB (Publ) Announces Senior Vice President, Technology & Systems Solutions Changes Indutrade AB (publ) announced that Peter Laveson has been appointed Senior Vice President and Head of Business Area Technology & Systems Solutions. He will assume his new position on 1 September 2025 and will report to Bo Annvik, President and CEO, and be part of the Group Management team. Peter Laveson has extensive industrial experience from global and listed companies, including CEO of NOTE, Svevik Industri AB and Athanase Innovation. He has an M.Sc. in Business Administration from Lund University, School of Economics & Management. Peter Laveson succeeds Patrik Stolpe, who will leave his position on 30 June 2025. Peter Eriksson, Senior Advisor, will on an interim basis lead the Business Area until Peter Lavesson assumes his position. Reported Earnings • Apr 27
First quarter 2025 earnings released: EPS: kr1.71 (vs kr1.61 in 1Q 2024) First quarter 2025 results: EPS: kr1.71 (up from kr1.61 in 1Q 2024). Revenue: kr8.04b (up 3.8% from 1Q 2024). Net income: kr623.0m (up 6.1% from 1Q 2024). Profit margin: 7.8% (up from 7.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year. Announcement • Apr 25
Indutrade AB (publ) to Report Fiscal Year 2025 Results on Jan 29, 2026 Indutrade AB (publ) announced that they will report fiscal year 2025 results on Jan 29, 2026 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to kr240, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 16x in the Machinery industry in the United Kingdom. Total returns to shareholders of 5.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr271 per share. Board Change • Apr 08
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Pia Linder was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Mar 28
Upcoming dividend of kr3.00 per share Eligible shareholders must have bought the stock before 04 April 2025. Payment date: 10 April 2025. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of British dividend payers (6.0%). Lower than average of industry peers (2.4%). Reported Earnings • Mar 12
Full year 2024 earnings released: EPS: kr7.55 (vs kr7.86 in FY 2023) Full year 2024 results: EPS: kr7.55 (down from kr7.86 in FY 2023). Revenue: kr32.5b (up 2.2% from FY 2023). Net income: kr2.75b (down 4.0% from FY 2023). Profit margin: 8.4% (down from 9.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year. Declared Dividend • Feb 10
Dividend increased to kr3.00 Dividend of kr3.00 is 5.3% higher than last year. Ex-date: 4th April 2025 Payment date: 10th April 2025 Dividend yield will be 1.0%, which is lower than the industry average of 2.7%. Payout Ratios Payout ratio: 40%. Cash payout ratio: 30%. Announcement • Feb 06
Indutrade AB Appoints Gustav Rada as Head of Acquisitions and Business Development, Effective March 1, 2025 Gustav Ruda has been appointed new Head of Acquisitions and Business Development in Indutrade AB. He will assume his new position on March 1, 2025 and will report to Bo Annvik, President and CEO, and be part of the Group Management team. The change is part of a structured succession where Jonas Halvord, the current Head of Acquisitions and Business Development, will move into a role as Senior Advisor and continue to work with acquisitions on a part-time basis. Gustav Ruda has worked with acquisitions and business development within Indutrade for the past ten years. He has also been a Business Controller for a business area within Indutrade and has previous experience from an investment company and as a management consultant. He has an M.Sc. in Industrial Engineering and Management from KTH Royal Institute of Technology and has conducted studies at Stockholm School of Economics. Reported Earnings • Jan 31
Full year 2024 earnings released: EPS: kr7.55 (vs kr7.86 in FY 2023) Full year 2024 results: EPS: kr7.55 (down from kr7.86 in FY 2023). Revenue: kr32.5b (up 2.2% from FY 2023). Net income: kr2.75b (down 4.0% from FY 2023). Profit margin: 8.4% (down from 9.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 10% per year. Announcement • Jan 11
Indutrade AB (publ) to Report Fiscal Year 2024 Final Results on Mar 11, 2025 Indutrade AB (publ) announced that they will report fiscal year 2024 final results on Mar 11, 2025 Announcement • Nov 30
Indutrade AB (publ) (OM:INDT) acquired Hansa Engineering Ab. Indutrade AB (publ) (OM:INDT) signed an agreement to acquire Hansa Engineering Ab on November 29, 2024. As part of the acquisition, Indutrade AB was to acquire all shares in Hansa Engineering Ab. The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share. For the period ending December 31, 2023, Hansa Engineering Ab reported total revenue of SEK 60 million.
Indutrade AB (publ) (OM:INDT) completed the acquisition of Hansa Engineering Ab on November 29, 2024. Announcement • Nov 12
Indutrade AB (publ) (OM:INDT) acquired PG Flowteknik Scandinavia ApS. Indutrade AB (publ) (OM:INDT) signed an agreement to acquire PG Flowteknik Scandinavia ApS on November 11, 2024. As part of the transaction, Indutrade AB will acquire all shares in PG Flowteknik Scandinavia ApS. Upon completion, PG Flowteknik will be included in Indutrade's Business Area Process, Energy & Water and is expected to have a marginally positive impact on Indutrade's earnings per share. For the period ending December 31, 2023, PG Flowteknik Scandinavia ApS reported total revenue of DKK 50 million.
Indutrade AB (publ) (OM:INDT) completed the acquisition of PG Flowteknik Scandinavia ApS on November 11, 2024. Announcement • Oct 30
Indutrade AB (publ) (OM:INDT) acquired Tidyco Limited. Indutrade AB (publ) (OM:INDT) acquired Tidyco Limited on October 29, 2024. The transaction is expected to have a marginally positive impact on Indutrade's earnings per share. For the period ending December 31, 2023, Tidyco Limited reported total revenue of £13 million and has 79 employees.
Indutrade AB (publ) (OM:INDT) completed the acquisition of Tidyco Limited on October 29, 2024. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: kr1.92 (vs kr1.87 in 3Q 2023) Third quarter 2024 results: EPS: kr1.92 (up from kr1.87 in 3Q 2023). Revenue: kr7.97b (up 1.6% from 3Q 2023). Net income: kr700.0m (up 2.8% from 3Q 2023). Profit margin: 8.8% (up from 8.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 6% per year. Announcement • Oct 18
Indutrade AB (publ) (OM:INDT) acquired Geoteam A/S. Indutrade AB (publ) (OM:INDT) acquired Geoteam A/S on October 17, 2024.
For the period ending December 31, 2023, Geoteam A/S reported total revenue of DKK 85 million.
Indutrade AB (publ) (OM:INDT) completed the acquisition of Geoteam A/S on October 17, 2024. Announcement • Sep 24
Indutrade AB (publ), Annual General Meeting, Apr 03, 2025 Indutrade AB (publ), Annual General Meeting, Apr 03, 2025. Location: stockholm Sweden Announcement • Sep 23
Indutrade AB (Publ) Announces Appointment of Nomination Committee Indutrade AB (publ) announced the following persons have been appointed as members of the Nomination Committee: Claes Boustedt, L E Lundbergföretagen AB and Committee Chair; Dick Bergqvist, AMF Tjänstepension & AMF Fonder; Camilla Wirth, Alecta Tjänstepension Ömsesidigt; Monica Åsmyr, Swedbank Robur Fonder; Katarina Martinson, Chair of the Board, Indutrade AB. Buy Or Sell Opportunity • Aug 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to kr323. The fair value is estimated to be kr268, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 25% in the next 2 years. Reported Earnings • Jul 19
Second quarter 2024 earnings released: EPS: kr2.00 (vs kr1.99 in 2Q 2023) Second quarter 2024 results: EPS: kr2.00 (up from kr1.99 in 2Q 2023). Revenue: kr8.49b (up 4.8% from 2Q 2023). Net income: kr729.0m (flat on 2Q 2023). Profit margin: 8.6% (down from 8.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jun 01
Indutrade AB (publ) (OM:INDT) acquired Beratherm AG. Indutrade AB (publ) (OM:INDT) signed an agreement to acquire Beratherm AG on May 31, 2024. Beratherm AG reported an annual sales of CHF 4.5 million. Beratherm will be included in Indutrade's Business Area Process, Energy & Water. The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share.
Indutrade AB (publ) (OM:INDT) completed the acquisition of Beratherm AG on May 31, 2024. Buy Or Sell Opportunity • May 11
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at kr273. The fair value is estimated to be kr227, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 7.9% in 2 years. Earnings are forecast to grow by 19% in the next 2 years. Announcement • Apr 27
Indutrade AB (publ) to Report Fiscal Year 2024 Results on Jan 30, 2025 Indutrade AB (publ) announced that they will report fiscal year 2024 results on Jan 30, 2025 Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: kr1.61 (vs kr2.06 in 1Q 2023) First quarter 2024 results: EPS: kr1.61 (down from kr2.06 in 1Q 2023). Revenue: kr7.74b (down 4.0% from 1Q 2023). Net income: kr587.0m (down 22% from 1Q 2023). Profit margin: 7.6% (down from 9.3% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in the United Kingdom. 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 5% per year, which means it is significantly lagging earnings growth. Announcement • Apr 10
Indutrade AB (publ) Approves Dividend, Payable on 16 April 2024 Indutrade AB (publ) at its Annual General Meeting held on 9 April 2024 approved a dividend of SEK 2.85 per share be paid. The record date for the dividend was set to 11 April 2024 and payment is expected to be distributed on 16 April 2024. Upcoming Dividend • Apr 03
Upcoming dividend of kr2.85 per share Eligible shareholders must have bought the stock before 10 April 2024. Payment date: 16 April 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of British dividend payers (6.0%). Lower than average of industry peers (2.1%). Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: kr7.86 (vs kr7.36 in FY 2022) Full year 2023 results: EPS: kr7.86 (up from kr7.36 in FY 2022). Revenue: kr31.8b (up 18% from FY 2022). Net income: kr2.87b (up 6.8% from FY 2022). Profit margin: 9.0% (in line with FY 2022). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Declared Dividend • Mar 17
Dividend increased to kr2.85 Dividend of kr2.85 is 9.6% higher than last year. Ex-date: 10th April 2024 Payment date: 16th April 2024 Dividend yield will be 1.0%, which is lower than the industry average of 2.7%. Payout Ratios Payout ratio: 36%. Cash payout ratio: 26%. Buy Or Sell Opportunity • Mar 15
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 6.6% to kr281. The fair value is estimated to be kr234, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 6.5% per annum over the same time period. Buy Or Sell Opportunity • Feb 24
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to kr281. The fair value is estimated to be kr234, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 6.5% per annum over the same time period. Board Change • Feb 20
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. 4 highly experienced directors. Independent Director Kerstin Lindell 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. Announcement • Feb 01
Indutrade AB (publ) Proposes Dividend for the Year 2023 Indutrade AB (publ) proposed a dividend of SEK 2.85 per share for the year 2023 compared to SEK 2.60 per share paid a year ago. Announcement • Jan 31
Indutrade AB (Publ) Announces Not to Re-Election of Krister Mellvé as Director Indutrade AB (publ) announced that Krister Mellvé has announced that he is not available for re-election as Director, at the AGM to be held on April 9, 2024. Reported Earnings • Oct 28
Third quarter 2023 earnings released: EPS: kr1.87 (vs kr1.90 in 3Q 2022) Third quarter 2023 results: EPS: kr1.87 (down from kr1.90 in 3Q 2022). Revenue: kr7.85b (up 17% from 3Q 2022). Net income: kr681.0m (down 1.4% from 3Q 2022). Profit margin: 8.7% (down from 10% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Oct 11
Indutrade AB (publ) (OM:INDT) acquired TSE TROLLER AG. Indutrade AB (publ) (OM:INDT) acquired TSE TROLLER AG on October 9, 2023. Indutrade AB (publ) (OM:INDT) completed the acquisition of TSE TROLLER AG on October 9, 2023. Announcement • Oct 10
Indutrade AB (publ) (OM:INDT) acquired Powerpoint Engineering Ltd. Indutrade AB (publ) (OM:INDT) acquired Powerpoint Engineering Ltd on October 6, 2023. The annual sales of Powerpoint Engineering Ltd is €13 million. Powerpoint Engineering will be included in Indutrade's Business Area UK.
Indutrade AB (publ) (OM:INDT) completed the acquisition of Powerpoint Engineering Ltd on October 6, 2023. Announcement • Sep 19
Indutrade AB (publ), Annual General Meeting, Apr 09, 2024 Indutrade AB (publ), Annual General Meeting, Apr 09, 2024. Announcement • Sep 02
Indutrade AB (publ) (OM:INDT) acquired Noby A/s. Indutrade AB (publ) (OM:INDT) acquired Noby A/s on September 1, 2023. Noby reported annual sales of approximately NOK 60 million. The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share.Indutrade AB (publ) (OM:INDT) completed the acquisition of Noby A/s on September 1, 2023 Reported Earnings • Jul 20
Second quarter 2023 earnings released: EPS: kr1.99 (vs kr1.85 in 2Q 2022) Second quarter 2023 results: EPS: kr1.99 (up from kr1.85 in 2Q 2022). Revenue: kr8.10b (up 21% from 2Q 2022). Net income: kr724.0m (up 7.3% from 2Q 2022). Profit margin: 8.9% (down from 10% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Machinery industry in the United Kingdom. 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 13% per year, which means it is significantly lagging earnings growth. Announcement • Jun 15
Indutrade AB (publ) (OM:INDT) signed an agreement to acquire Labema Oy. Indutrade AB (publ) (OM:INDT) signed an agreement to acquire Labema Oy on June 14, 2023. The closing takes place today and Labema will be included in Indutrade's Business Area Finland. The acquisition is Indutrade's fifth in 2023 and is expected to have a marginally positive impact on Indutrade's earnings per share. For FY 2022, Labema had sales of approximately €6.3 million and has 20 employees in Helsinki. Recent Insider Transactions • Jun 11
CEO, President & Director recently bought kr499k worth of stock On the 5th of June, Bo Annvik bought around 2k shares on-market at roughly kr264 per share. This transaction amounted to 3.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Bo's only on-market trade for the last 12 months. Recent Insider Transactions • Jun 02
Independent Director recently sold kr13m worth of stock On the 31st of May, Krister Mellvé sold around 50k shares on-market at roughly kr257 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr17m more than they bought in the last 12 months. Upcoming Dividend • Mar 23
Upcoming dividend of kr2.60 per share at 1.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 05 April 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (2.6%). Reported Earnings • Mar 12
Full year 2022 earnings released: EPS: kr7.36 (vs kr5.76 in FY 2021) Full year 2022 results: EPS: kr7.36 (up from kr5.76 in FY 2021). Revenue: kr27.0b (up 24% from FY 2021). Net income: kr2.68b (up 28% from FY 2021). Profit margin: 9.9% (in line with FY 2021). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Machinery industry in the United Kingdom. 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 35% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 05
Full year 2022 earnings released: EPS: kr7.36 (vs kr5.76 in FY 2021) Full year 2022 results: EPS: kr7.36 (up from kr5.76 in FY 2021). Revenue: kr27.0b (up 24% from FY 2021). Net income: kr2.68b (up 28% from FY 2021). Profit margin: 9.9% (in line with FY 2021). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Machinery industry in the United Kingdom. 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 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 03
Indutrade AB (Publ) Proposes Dividend for the Year 2022, Payable on 5 April 2023 Indutrade AB (publ) announced that the AGM will be held on 29 March 2023. The Board of Directors proposed a dividend of SEK 2.60 (SEK 2.30) per share for the year 2022, which corresponds to SEK 947 million (SEK 838). The proposed dividend is in line with Indutrade's policy that the dividend shall, over time, amount to between 30% and 50% of the net profit. The proposed record date for the dividend is 31 March 2023. Provided that the AGM resolves in accordance with the Board's proposal, payment of the dividend is expected to be made on 5 April 2023. Announcement • Feb 02
Bengt Kjell Announces Not Available for Re-Election to the Board of Indutrade AB (Publ) Indutrade AB (publ) announced Bengt Kjell is not available for re-election. 
