Recent Insider Transactions • Jun 20
Independent President of the Board recently bought kr76k worth of stock On the 17th of June, Anders Holm bought around 26k shares on-market at roughly kr2.95 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr92k. Anders has been a buyer over the last 12 months, purchasing a net total of kr1.2m worth in shares. Recent Insider Transactions • Jun 04
Independent President of the Board recently bought kr92k worth of stock On the 29th of May, Anders Holm bought around 30k shares on-market at roughly kr3.06 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. Anders has been a buyer over the last 12 months, purchasing a net total of kr1.3m worth in shares. Announcement • Apr 29
Lyckegård Group AB (publ), Annual General Meeting, Jun 01, 2026 Lyckegård Group AB (publ), Annual General Meeting, Jun 01, 2026, at 13:00 W. Europe Standard Time. Location: signalistgatan 9, vasteras, Sweden Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr3.22, the stock trades at a trailing P/E ratio of 44.4x. Average trailing P/E is 26x in the Machinery industry in Sweden. Total returns to shareholders of 24% over the past three years. New Risk • Apr 10
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (kr193.3m market cap, or US$20.8m). Recent Insider Transactions • Mar 29
Independent President of the Board recently bought kr59k worth of stock On the 26th of March, Anders Holm bought around 20k shares on-market at roughly kr2.94 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr126k. Anders has been a buyer over the last 12 months, purchasing a net total of kr1.3m worth in shares. Recent Insider Transactions • Feb 12
Independent President of the Board recently bought kr126k worth of stock On the 6th of February, Anders Holm bought around 50k shares on-market at roughly kr2.51 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr136k. Anders has been a buyer over the last 12 months, purchasing a net total of kr1.2m worth in shares. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Director Peter Johansson was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jan 23
Independent President of the Board recently bought kr75k worth of stock On the 20th of January, Anders Holm bought around 25k shares on-market at roughly kr3.00 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr194k. Anders has been a buyer over the last 12 months, purchasing a net total of kr1.1m worth in shares. Recent Insider Transactions • Dec 05
Independent President of the Board recently bought kr62k worth of stock On the 1st of December, Anders Holm bought around 23k shares on-market at roughly kr2.76 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr194k. Anders has been a buyer over the last 12 months, purchasing a net total of kr997k worth in shares. Recent Insider Transactions • Nov 23
Independent President of the Board recently bought kr136k worth of stock On the 19th of November, Anders Holm bought around 56k shares on-market at roughly kr2.45 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr194k. Anders has been a buyer over the last 12 months, purchasing a net total of kr808k worth in shares. Recent Insider Transactions • Nov 06
Independent President of the Board recently bought kr194k worth of stock On the 4th of November, Anders Holm bought around 70k shares on-market at roughly kr2.76 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Anders has been a buyer over the last 12 months, purchasing a net total of kr671k worth in shares. Reported Earnings • Oct 30
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: kr45.1m (up 51% from 3Q 2024). Net loss: kr1.63m (loss narrowed 67% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Sep 02
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 Swedish stocks, typically moving 9.9% 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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr8.0m free cash flow). Earnings have declined by 38% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (kr230.1m market cap, or US$24.3m). Reported Earnings • Aug 22
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: kr78.7m (up 7.7% from 2Q 2024). Net income: kr7.33m (up 474% from 2Q 2024). Profit margin: 9.3% (up from 1.7% in 2Q 2024). New Risk • Jul 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr9.2m free cash flow). Earnings have declined by 50% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (kr131.4m market cap, or US$13.8m). Recent Insider Transactions • Jul 11
Director recently bought kr76k worth of stock On the 9th of July, Fredrik Ove Lunden bought around 40k shares on-market at roughly kr1.91 per share. This transaction amounted to 29% 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 kr907k more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 25
President of the Board recently bought kr54k worth of stock On the 22nd of May, Anders Holm bought around 33k shares on-market at roughly kr1.64 per share. This transaction amounted to 1.2% 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 Anders' only on-market trade for the last 12 months. Reported Earnings • May 09
First quarter 2025 earnings released First quarter 2025 results: Revenue: kr44.0k (down 100% from 1Q 2024). Net loss: kr2.6k (loss narrowed 100% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 19% per year. Announcement • May 01
Lyckegård Group AB (publ), Annual General Meeting, Jun 02, 2025 Lyckegård Group AB (publ), Annual General Meeting, Jun 02, 2025, at 10:00 W. Europe Standard Time. Location: trollebergsvagen, 102-28 in staffanstorp, Sweden New Risk • Apr 23
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr3.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr3.8m free cash flow). Earnings have declined by 51% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (kr103.9m market cap, or US$10.8m). Reported Earnings • Mar 28
Full year 2024 earnings released: kr1.05 loss per share (vs kr1.24 loss in FY 2023) Full year 2024 results: kr1.05 loss per share. Revenue: kr193.4m (up 13% from FY 2023). Net loss: kr60.8m (loss widened 37% from FY 2023). New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr10m free cash flow). Earnings have declined by 57% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Market cap is less than US$10m (kr57.8m market cap, or US$5.18m). Reported Earnings • Nov 21
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: kr30.8m (down 38% from 3Q 2023). Net loss: kr4.88m (loss narrowed 22% from 3Q 2023). Recent Insider Transactions • Sep 19
President of the Board recently bought kr1.3m worth of stock On the 16th of September, Anders Holm bought around 1m shares on-market at roughly kr0.90 per share. This transaction increased Anders' direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Anders' only on-market trade for the last 12 months. Recent Insider Transactions • Sep 05
Director recently bought kr358k worth of stock On the 30th of August, Dan Åsberg bought around 331k shares on-market at roughly kr1.08 per share. This transaction increased Dan'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. Insiders have collectively bought kr425k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 21
Second quarter 2024 earnings released: EPS: kr0.029 (vs kr0.079 in 2Q 2023) Second quarter 2024 results: EPS: kr0.029 (down from kr0.079 in 2Q 2023). Revenue: kr73.8m (up 9.6% from 2Q 2023). Net income: kr1.28m (down 53% from 2Q 2023). Profit margin: 1.7% (down from 4.0% in 2Q 2023). The decrease in margin was driven by higher expenses. New Risk • Jul 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 33% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 54% per year over the past 5 years. Market cap is less than US$10m (kr77.8m market cap, or US$7.40m). Minor Risk Shareholders have been diluted in the past year (33% increase in shares outstanding). Recent Insider Transactions • Jun 20
President of the Board recently bought kr333k worth of stock On the 17th of June, Anders Holm bought around 222k shares on-market at roughly kr1.50 per share. This transaction amounted to 43% 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 Anders' only on-market trade for the last 12 months. Board Change • Jun 19
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. No independent directors (6 non-independent directors). Director Fredrik Ove Lunden was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • May 13
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr43.1m (up 107% from 1Q 2023). Net loss: kr51.0m (loss widened kr45.8m from 1Q 2023). Reported Earnings • Apr 02
Full year 2023 earnings released: kr1.02 loss per share (vs kr1.32 loss in FY 2022) Full year 2023 results: kr1.02 loss per share. Revenue: kr171.7m (up 195% from FY 2022). Net loss: kr44.5m (loss widened 100% from FY 2022). Reported Earnings • Nov 23
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr54.7m (up 409% from 3Q 2022). Net loss: kr6.28m (loss widened 22% from 3Q 2022). Reported Earnings • Aug 22
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr68.3m (up 228% from 2Q 2022). Net income: kr2.70m (up 142% from 2Q 2022). Profit margin: 4.0% (down from 5.4% in 2Q 2022). The decrease in margin was driven by higher expenses. New Risk • Jun 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 14% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr9.4m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 44% per year over the past 5 years. Shareholders have been substantially diluted in the past year (181% increase in shares outstanding). Minor Risk Market cap is less than US$100m (kr131.0m market cap, or US$12.3m). Reported Earnings • May 21
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr21.0m (up 140% from 1Q 2022). Net loss: kr5.22m (loss narrowed 23% from 1Q 2022). Reported Earnings • Mar 24
Full year 2022 earnings released: kr1.44 loss per share (vs kr1.26 loss in FY 2021) Full year 2022 results: kr1.44 loss per share (further deteriorated from kr1.26 loss in FY 2021). Revenue: kr59.8m (up 45% from FY 2021). Net loss: kr22.3m (loss widened 98% from FY 2021). Reported Earnings • Nov 22
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr11.2m (up 39% from 3Q 2021). Net loss: kr5.16m (loss narrowed 19% from 3Q 2021). Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Fredrik Ove Lunden was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 22
Full year 2021 earnings released Full year 2021 results: kr1.26 loss per share. Revenue: kr41.2m (up 222% from FY 2020). Net loss: kr11.3m (loss widened 306% from FY 2020). Board Change • Feb 19
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 
