Board Change • Jul 14
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Pär Nuder was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jul 04
Azelio AB (Publ) Announces Resignation of Gustaf Albèrt as CFO Azelio AB (publ) announced that Gustaf Albèrt has chosen to end his position as CFO. Gustaf will remain in his current role during the notice period until a replacement is in place. The recruitment process for a new CFO will commence immediately. Announcement • Jun 30
Azelio AB (Publ) Announces Decline in Re-Election of Elaine Weidman Grunewald as Board Member The Nomination Committee's proposal for resolutions for the Annual General Meeting of Azelio AB (publ) on 30 June 2023 was published through the notice of the Annual General Meeting published on 30 May 2023. As the Board member proposed by the Nomination Committee, Elaine Weidman Grunewald, has announced that she declines re-election, the Nomination Committee has decided to withdraw its proposal in this part. Reported Earnings • Jun 01
First quarter 2023 earnings released: kr0.36 loss per share (vs kr1.13 loss in 1Q 2022) First quarter 2023 results: kr0.36 loss per share (improved from kr1.13 loss in 1Q 2022). Net loss: kr114.5m (loss narrowed 12% from 1Q 2022). Revenue is forecast to grow 65% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Electrical industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 62% per year, which means it is performing significantly worse than earnings. Recent Insider Transactions Derivative • Mar 06
Director exercised options to buy kr1.0m worth of stock. On the 28th of February, Kent Janer exercised options to buy 3m shares at a strike price of around kr0.51, costing a total of kr1.3m. This transaction amounted to 6.6% of their direct individual holding at the time of the trade. Kent currently holds 18.08m shares (0.05530487634389293 of the company). Company insiders have collectively bought kr1.4m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Feb 25
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: kr3.23 loss per share (in line with FY 2021). Net loss: kr496.7m (loss widened 36% from FY 2021). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 125%. Revenue is forecast to grow 59% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in Sweden. Announcement • Feb 10
Azelio AB Appoints Gustaf Albèrt as CFO Gustaf Albèrt has been appointed new CFO of Azelio AB and will take up his position on April 12, 2023. At the same time, Eva Ramström, who has been acting CFO since June 2022, returns to her role as Finance manager.On April 12, 2023, Gustaf Albèrt will take over as CFO of Azelio. Gustaf comes to Azelio from a role as CFO and Deputy CEO of Isofol Medical AB. Prior to that, Gustaf has, among other things, been CEO of Elanders Sverige AB. Breakeven Date Change • Dec 16
Forecast to breakeven in 2024 The analyst covering Azelio expects the company to break even for the first time. New forecast suggests losses will reduce by 63% per year to 2023. The company is expected to make a profit of kr16.1m in 2024. Average annual earnings growth of 83% is required to achieve expected profit on schedule. Major Estimate Revision • Dec 15
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from kr170.5m to kr76.9m. EPS estimate increased from -kr1.71 to -kr1.43 per share. Electrical industry in Sweden expected to see average net income growth of 11% next year. Consensus price target of kr5.75 unchanged from last update. Share price rose 3.1% to kr1.20 over the past week. Announcement • Dec 01
Azelio AB (publ), Annual General Meeting, May 11, 2023 Azelio AB (publ), Annual General Meeting, May 11, 2023. Reported Earnings • Nov 19
Third quarter 2022 earnings released: kr0.98 loss per share (vs kr0.79 loss in 3Q 2021) Third quarter 2022 results: kr0.98 loss per share (further deteriorated from kr0.79 loss in 3Q 2021). Revenue: kr11.1m (down 64% from 3Q 2021). Net loss: kr113.7m (loss widened 24% from 3Q 2021). Revenue is forecast to grow 59% p.a. on average during the next 3 years, compared to a 27% growth forecast for the Electrical industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 57% per year, which means it is performing significantly worse than earnings. Price Target Changed • Nov 16
Price target decreased to kr9.00 Down from kr34.33, the current price target is provided by 1 analyst. New target price is 642% above last closing price of kr1.21. Stock is down 95% over the past year. The company is forecast to post a net loss per share of kr1.71 next year compared to a net loss per share of kr3.23 last year. Breakeven Date Change • Nov 16
No longer forecast to breakeven The 2 analysts covering Azelio no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of kr219.9m in 2024. New consensus forecast suggests the company will make a loss of kr237.0m in 2024. Reported Earnings • Aug 19
Second quarter 2022 earnings released: kr1.19 loss per share (vs kr0.87 loss in 2Q 2021) Second quarter 2022 results: kr1.19 loss per share (down from kr0.87 loss in 2Q 2021). Revenue: kr25.3m (down 33% from 2Q 2021). Net loss: kr137.5m (loss widened 37% from 2Q 2021). Over the next year, revenue is forecast to grow 197%, compared to a 64% growth forecast for the Electrical industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Announcement • Aug 18
Azelio AB (publ) to Report Fiscal Year 2022 Results on Feb 24, 2023 Azelio AB (publ) announced that they will report fiscal year 2022 results on Feb 24, 2023 Recent Insider Transactions • Jun 24
Chief Executive Officer recently bought kr119k worth of stock On the 21st of June, Jonas Wallmander bought around 18k shares on-market at roughly kr6.62 per share. This was the largest purchase by an insider in the last 3 months. This was Jonas' only on-market trade for the last 12 months. Reported Earnings • May 12
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: kr1.13 loss per share (down from kr0.61 loss in 1Q 2021). Revenue: kr27.8m (down 31% from 1Q 2021). Net loss: kr130.3m (loss widened 100% from 1Q 2021). Revenue missed analyst estimates by 31%. Earnings per share (EPS) also missed analyst estimates by 15%. Over the next year, revenue is forecast to grow 154%, compared to a 74% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 27
Price target decreased to kr18.33 Down from kr34.33, the current price target is an average from 3 analysts. New target price is 104% above last closing price of kr9.00. Stock is down 83% over the past year. The company is forecast to post a net loss per share of kr2.17 next year compared to a net loss per share of kr3.23 last year. Breakeven Date Change • Apr 27
No longer forecast to breakeven The 3 analysts covering Azelio no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of kr219.9m in 2024. New consensus forecast suggests the company will make a loss of kr131.0m in 2024. Reported Earnings • Apr 15
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: kr3.23 loss per share (down from kr2.04 loss in FY 2020). Revenue: kr149.8m (up 17% from FY 2020). Net loss: kr365.9m (loss widened 90% from FY 2020). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 15%. Over the next year, revenue is forecast to grow 68%, compared to a 64% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Major Estimate Revision • Mar 10
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from kr399.5m to kr194.0m. EPS estimate increased from -kr1.92 to -kr1.84 per share. Electrical industry in Sweden expected to see average net income growth of 14% next year. Consensus price target down from kr34.33 to kr18.33. Share price was steady at kr6.90 over the past week. Price Target Changed • Mar 05
Price target decreased to kr18.33 Down from kr34.33, the current price target is an average from 3 analysts. New target price is 180% above last closing price of kr6.55. Stock is down 89% over the past year. The company is forecast to post a net loss per share of kr2.14 next year compared to a net loss per share of kr3.23 last year. Reported Earnings • Feb 26
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: kr3.23 loss per share (down from kr2.04 loss in FY 2020). Revenue: kr151.7m (up 19% from FY 2020). Net loss: kr365.9m (loss widened 90% from FY 2020). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 15%. Over the next year, revenue is forecast to grow 163%, compared to a 66% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Major Estimate Revision • Feb 23
Consensus revenue estimates increase by 37% The consensus outlook for revenues in 2021 has improved. 2021 revenue forecast increased from kr113.0m to kr154.5m. Forecast losses expected to reduce from -kr2.84 to -kr2.81 per share. Electrical industry in Sweden expected to see average net income growth of 119% next year. Consensus price target down from kr39.47 to kr34.33. Share price fell 39% to kr8.93 over the past week. Price Target Changed • Jan 06
Price target decreased to kr39.47 Down from kr47.83, the current price target is an average from 3 analysts. New target price is 46% above last closing price of kr27.12. Stock is down 60% over the past year. The company is forecast to post a net loss per share of kr3.00 next year compared to a net loss per share of kr2.03 last year. Breakeven Date Change • Dec 23
No longer forecast to breakeven The 2 analysts covering Azelio no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of kr161.6m in 2023. New consensus forecast suggests the company will make a loss of kr56.8m in 2023. Breakeven Date Change • Dec 23
No longer forecast to breakeven The 2 analysts covering Azelio no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of kr161.6m in 2023. New consensus forecast suggests the company will make a loss of kr56.8m in 2023. Recent Insider Transactions • Dec 03
Chairman of the Board recently bought kr1.0m worth of stock On the 1st of December, Bo Dankis bought around 50k shares on-market at roughly kr20.79 per share. 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. Reported Earnings • Nov 20
Third quarter 2021 earnings released: kr0.79 loss per share (vs kr0.53 loss in 3Q 2020) The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: kr31.4m (up 24% from 3Q 2020). Net loss: kr91.6m (loss widened 84% from 3Q 2020). Recent Insider Transactions Derivative • Sep 25
Director exercised options to buy kr13m worth of stock. On the 21st of September, Kent Janer exercised options to buy 372k shares at a strike price of around kr35.80, costing a total of kr13m. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. Since December 2020, Kent's direct individual holding has decreased from 19.67m shares to 18.05m. Company insiders have collectively bought kr28m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Aug 21
Second quarter 2021 earnings released: kr0.87 loss per share (vs kr0.53 loss in 2Q 2020) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: kr38.5m (up 14% from 2Q 2020). Net loss: kr100.3m (loss widened 106% from 2Q 2020). Recent Insider Transactions • Jul 20
Director recently bought kr650k worth of stock On the 16th of July, Kent Janer bought around 19k shares on-market at roughly kr35.02 per share. In the last 3 months, they made an even bigger purchase worth kr1.1m. Insiders have collectively bought kr2.5m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jul 08
Director recently bought kr1.1m worth of stock On the 5th of July, Kent Janer bought around 25k shares on-market at roughly kr43.50 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. Recent Insider Transactions Derivative • Jun 27
Director exercised options to buy kr10m worth of stock. On the 24th of June, Kent Janer exercised options to buy 215k shares at a strike price of around kr35.83, costing a total of kr7.7m. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. Since June 2020, Kent's direct individual holding has decreased from 17.80m shares to 17.77m. Company insiders have collectively bought kr8.9m more than they sold, via options and on-market transactions, in the last 12 months. Price Target Changed • May 28
Price target increased to kr54.50 Up from kr45.50, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of kr52.50. Stock is up 353% over the past year. Major Estimate Revision • May 28
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast fell from kr233.8m to kr190.5m. EPS estimate increased from -kr3.17 to -kr2.32 per share. Electrical industry in Sweden expected to see average net income growth of 27% next year. Consensus price target up from kr45.50 to kr54.50. Share price rose 14% to kr52.50 over the past week. Breakeven Date Change • May 28
Forecast breakeven pushed back to 2023 The 3 analysts covering Azelio previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 30% per year to 2022. The company is expected to make a profit of kr275.0m in 2023. Average annual earnings growth of 97% is required to achieve expected profit on schedule. Breakeven Date Change • May 22
Forecast breakeven pushed back to 2023 The 3 analysts covering Azelio previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 69% per year to 2022. The company is expected to make a profit of kr503.9m in 2023. Average annual earnings growth of 120% is required to achieve expected profit on schedule. Major Estimate Revision • May 18
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast increased from kr224.4m to kr233.8m. Forecast EPS reduced from -kr2.40 to -kr3.17 per share. Electrical industry in Sweden expected to see average net income growth of 29% next year. Consensus price target up from kr43.50 to kr45.50. Share price was steady at kr46.32 over the past week. Reported Earnings • May 12
First quarter 2021 earnings released: kr0.61 loss per share (vs kr0.51 loss in 1Q 2020) The company reported a mediocre first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: kr40.9m (up 42% from 1Q 2020). Net loss: kr65.1m (loss widened 44% from 1Q 2020). Reported Earnings • Apr 17
Full year 2020 earnings released: kr2.04 loss per share (vs kr3.80 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: kr127.8m (down 3.6% from FY 2019). Net loss: kr192.6m (loss widened 20% from FY 2019). Analyst Estimate Surprise Post Earnings • Feb 28
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) missed analyst estimates by 46%. Over the next year, revenue is forecast to grow 65%, compared to a 44% growth forecast for the Electrical industry in Sweden. Reported Earnings • Feb 28
Full year 2020 earnings released: kr2.04 loss per share (vs kr3.80 loss in FY 2019) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: kr135.6m (up 2.3% from FY 2019). Net loss: kr192.6m (loss widened 20% from FY 2019). Is New 90 Day High Low • Feb 12
New 90-day high: kr71.90 The company is up 95% from its price of kr36.80 on 13 November 2020. The Swedish market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 36% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: kr59.00 The company is up 119% from its price of kr27.00 on 06 October 2020. The Swedish market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Is New 90 Day High Low • Dec 09
New 90-day high: kr43.65 The company is up 97% from its price of kr22.15 on 10 September 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Analyst Estimate Surprise Post Earnings • Nov 21
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 23%. Earnings per share (EPS) exceeded analyst estimates by 7.0%. Over the next year, revenue is forecast to grow 56%, compared to a 62% growth forecast for the Electrical industry in Sweden. Reported Earnings • Nov 21
Third quarter 2020 earnings released: kr0.53 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: kr25.4m (down 17% from 3Q 2019). Net loss: kr49.8m (loss widened 8.0% from 3Q 2019). Price Target Changed • Oct 21
Price target raised to kr34.75 Up from kr24.75, the current price target is an average from 2 analysts. The new target price is 9.3% below the current share price of kr38.30. As of last close, the stock is up 141% over the past year. Is New 90 Day High Low • Oct 19
New 90-day high: kr33.00 The company is up 66% from its price of kr19.90 on 21 July 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Is New 90 Day High Low • Sep 26
New 90-day high: kr24.50 The company is up 71% from its price of kr14.30 on 26 June 2020. The Swedish market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.