Upcoming Dividend • Apr 10
Upcoming dividend of kr1.50 per share Eligible shareholders must have bought the stock before 17 April 2026. Payment date: 23 April 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.8%. Within top quartile of Swedish dividend payers (4.1%). Higher than average of industry peers (4.3%). Reported Earnings • Feb 21
Full year 2025 earnings: Revenues in line with analyst expectations Full year 2025 results: Revenue: kr444.1m (down 4.3% from FY 2024). Net income: kr14.2m (down 32% from FY 2024). Profit margin: 3.2% (down from 4.5% in FY 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Professional Services industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 18
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: kr0.42 (down from kr0.57 in 3Q 2024). Revenue: kr99.7m (down 2.8% from 3Q 2024). Net income: kr4.50m (down 26% from 3Q 2024). Profit margin: 4.5% (down from 5.9% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 8.8%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Professional Services industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 24
Second quarter 2025 earnings: EPS misses analyst expectations Second quarter 2025 results: EPS: kr0.19 (down from kr0.36 in 2Q 2024). Revenue: kr111.7m (down 6.0% from 2Q 2024). Net income: kr2.00m (down 49% from 2Q 2024). Profit margin: 1.8% (down from 3.3% in 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 56%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Professional Services industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • May 15
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: kr0.27 (down from kr0.76 in 1Q 2024). Revenue: kr117.0m (down 8.9% from 1Q 2024). Net income: kr2.90m (down 65% from 1Q 2024). Profit margin: 2.5% (down from 6.4% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 53%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Declared Dividend • Apr 04
Dividend reduced to kr1.90 Dividend of kr1.90 is 44% lower than last year. Ex-date: 11th April 2025 Payment date: 17th April 2025 Dividend yield will be 6.6%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is not adequately covered by earnings (97% earnings payout ratio) nor is it adequately covered by cash flows (96% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 8.2% to bring the payout ratio under control. EPS is expected to grow by 78% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Apr 03
Ogunsen AB (publ) announces Annual dividend, payable on April 17, 2025 Ogunsen AB (publ) announced Annual dividend of SEK 1.9000 per share payable on April 17, 2025, ex-date on April 11, 2025 and record date on April 14, 2025. Announcement • Mar 12
Ogunsen AB (publ), Annual General Meeting, Apr 10, 2025 Ogunsen AB (publ), Annual General Meeting, Apr 10, 2025, at 16:00 W. Europe Standard Time. Location: at the companys premises, at humlegardsgatan 20, 4th floor, stockholm Sweden Reported Earnings • Feb 26
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: kr1.95 (down from kr3.48 in FY 2023). Revenue: kr465.2m (down 9.1% from FY 2023). Net income: kr21.0m (down 44% from FY 2023). Profit margin: 4.5% (down from 7.3% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Professional Services industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 13% per year. Recent Insider Transactions • Nov 14
Founder & Chairman recently sold kr924k worth of stock On the 8th of November, Per Ogunro sold around 30k shares on-market at roughly kr30.81 per share. This transaction amounted to 3.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Per has been a net seller over the last 12 months, reducing personal holdings by kr2.1m. Reported Earnings • Nov 10
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: kr0.57 (down from kr0.65 in 3Q 2023). Revenue: kr102.7m (down 6.9% from 3Q 2023). Net income: kr6.10m (down 13% from 3Q 2023). Profit margin: 5.9% (down from 6.3% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) exceeded analyst estimates by 7.7%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 25
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: kr0.36 (down from kr0.67 in 2Q 2023). Revenue: kr118.9m (down 7.0% from 2Q 2023). Net income: kr3.90m (down 46% from 2Q 2023). Profit margin: 3.3% (down from 5.6% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 53%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Professional Services industry in Sweden. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • May 19
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: kr0.76 (down from kr1.23 in 1Q 2023). Revenue: kr128.7m (down 10% from 1Q 2023). Net income: kr8.20m (down 38% from 1Q 2023). Profit margin: 6.4% (down from 9.2% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Professional Services industry in Sweden. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 12
Upcoming dividend of kr3.40 per share Eligible shareholders must have bought the stock before 19 April 2024. Payment date: 25 April 2024. Payout ratio is on the higher end at 98%, and the cash payout ratio is above 100%. Trailing yield: 8.1%. Within top quartile of Swedish dividend payers (4.3%). Higher than average of industry peers (3.2%). Recent Insider Transactions • Feb 29
Founder & Chairman recently sold kr759k worth of stock On the 23rd of February, Per Ogunro sold around 20k shares on-market at roughly kr37.97 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Per has been a net seller over the last 12 months, reducing personal holdings by kr5.4m. Reported Earnings • Feb 26
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: kr3.48 (down from kr4.57 in FY 2022). Revenue: kr513.0m (up 1.6% from FY 2022). Net income: kr37.3m (down 24% from FY 2022). Profit margin: 7.3% (down from 9.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.7%. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Professional Services industry in Sweden. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Nov 27
Founder & Chairman recently sold kr400k worth of stock On the 21st of November, Per Ogunro sold around 12k shares on-market at roughly kr33.38 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Per has been a net seller over the last 12 months, reducing personal holdings by kr4.7m. Recent Insider Transactions Derivative • Nov 26
Chief Financial Officer exercised options to buy kr139k worth of stock. On the 23rd of November, Elin Akerlund exercised options to buy 4k shares at a strike price of around kr27.10, costing a total of kr108k. As of today, Elin currently holds no shares directly. Company insiders have collectively sold kr9.7m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Nov 24
Third quarter 2023 earnings: Revenues miss analyst expectations Third quarter 2023 results: Revenue: kr110.6m (down 5.7% from 3Q 2022). Net income: kr7.00m (down 43% from 3Q 2022). Profit margin: 6.3% (down from 11% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 6.7%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Professional Services industry in Sweden. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. New Risk • Aug 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (102% payout ratio). Market cap is less than US$100m (kr355.6m market cap, or US$32.9m). Reported Earnings • Aug 30
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: kr0.67 (down from kr1.01 in 2Q 2022). Revenue: kr128.3m (up 2.4% from 2Q 2022). Net income: kr7.20m (down 33% from 2Q 2022). Profit margin: 5.6% (down from 8.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) also missed analyst estimates by 42%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Professional Services industry in Sweden. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to kr37.05, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Professional Services industry in Sweden. Total returns to shareholders of 110% over the past three years. Upcoming Dividend • May 01
Upcoming dividend of kr4.50 per share at 9.7% yield Eligible shareholders must have bought the stock before 08 May 2023. Payment date: 12 May 2023. Payout ratio is on the higher end at 98%, however this is supported by cash flows. Trailing yield: 9.7%. Within top quartile of Swedish dividend payers (5.1%). Higher than average of industry peers (3.1%). Recent Insider Transactions • Mar 06
Deputy CEO & Director recently sold kr2.7m worth of stock On the 28th of February, Fredrik Lidberg sold around 57k shares on-market at roughly kr48.11 per share. This transaction amounted to 11% 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 kr3.0m more than they bought in the last 12 months. Reported Earnings • Mar 04
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: kr4.57 (up from kr3.31 in FY 2021). Revenue: kr506.4m (up 21% from FY 2021). Net income: kr48.9m (up 38% from FY 2021). Profit margin: 9.7% (up from 8.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.6%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Professional Services industry in Sweden. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Dec 13
CEO & President recently sold kr236k worth of stock On the 8th of December, Kent Sangler sold around 5k shares on-market at roughly kr44.55 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Kent's only on-market trade for the last 12 months. Board Change • Nov 16
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. 3 experienced directors. 3 highly experienced directors. No independent directors (6 non-independent directors). Director Anna Batra was the last director to join the board, commencing their role in 2019. 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 • Aug 21
Second quarter 2022 earnings: Revenues exceed analyst expectations Second quarter 2022 results: Revenue: kr125.7m (up 20% from 2Q 2021). Net income: kr10.8m (up 16% from 2Q 2021). Profit margin: 8.6% (down from 8.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.3%. Over the next year, revenue is forecast to grow 6.3%, compared to a 11% growth forecast for the Professional Services industry in Sweden. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorated over the past week After last week's 21% share price decline to kr42.05, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Professional Services industry in Sweden. Total returns to shareholders of 24% over the past three years. Upcoming Dividend • Apr 29
Upcoming dividend of kr3.30 per share Eligible shareholders must have bought the stock before 06 May 2022. Payment date: 12 May 2022. Payout ratio is on the higher end at 100%, however this is supported by cash flows. Trailing yield: 6.2%. Within top quartile of Swedish dividend payers (4.6%). Higher than average of industry peers (3.3%). 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. 3 experienced directors. 3 highly experienced directors. No independent directors (6 non-independent directors). Director Anna Batra was the last director to join the board, commencing their role in 2019. 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 • Feb 28
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: kr3.31 (up from kr1.03 in FY 2020). Revenue: kr421.3m (up 19% from FY 2020). Net income: kr35.4m (up 220% from FY 2020). Profit margin: 8.4% (up from 3.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 14%, compared to a 12% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 1% per year. Recent Insider Transactions • Feb 06
Head of Gothenburg Region recently sold kr68k worth of stock On the 4th of February, Rebecca Dellborg sold around 2k shares on-market at roughly kr45.24 per share. In the last 3 months, there was an even bigger sale from another insider worth kr854k. Insiders have been net sellers, collectively disposing of kr997k more than they bought in the last 12 months. Recent Insider Transactions • Jan 22
Deputy CEO & Director recently sold kr854k worth of stock On the 18th of January, Fredrik Lidberg sold around 18k shares on-market at roughly kr47.47 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr860k more than they bought in the last 12 months. Reported Earnings • Nov 14
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr97.0m (up 28% from 3Q 2020). Net income: kr8.90m (up 117% from 3Q 2020). Profit margin: 9.2% (up from 5.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Oct 06
Deputy CEO & Director recently sold kr413k worth of stock On the 4th of October, Fredrik Lidberg sold around 10k shares on-market at roughly kr41.30 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought kr112k more than they sold in the last 12 months. Reported Earnings • Aug 23
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr105.0m (up 22% from 2Q 2020). Net income: kr9.30m (up kr8.10m from 2Q 2020). Profit margin: 8.9% (up from 1.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Jul 14
Head of Gothenburg Region recently bought kr96k worth of stock On the 12th of July, Rebecca Dellborg bought around 3k shares on-market at roughly kr31.90 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr312k. Insiders have collectively bought kr525k more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improved over the past week After last week's 21% share price gain to kr38.00, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Professional Services industry in Sweden. Total loss to shareholders of 11% over the past three years. Recent Insider Transactions • Jun 15
Deputy Chief Executive Officer recently bought kr312k worth of stock On the 10th of June, Fredrik Lidberg bought around 10k shares on-market at roughly kr31.17 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr429k more in shares than they have sold in the last 12 months. Upcoming Dividend • Apr 29
Upcoming dividend of kr2.00 per share Eligible shareholders must have bought the stock before 06 May 2021. Payment date: 12 May 2021. Trailing yield: 6.4%. Within top quartile of Swedish dividend payers (3.5%). Higher than average of industry peers (1.8%). Is New 90 Day High Low • Mar 04
New 90-day high: kr27.40 The company is up 19% from its price of kr23.00 on 03 December 2020. The Swedish market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 2.0% over the same period. Reported Earnings • Feb 28
Full year 2020 earnings released: EPS kr1.03 (vs kr1.72 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: kr360.8m (down 13% from FY 2019). Net income: kr11.0m (down 40% from FY 2019). Profit margin: 3.0% (down from 4.4% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 28
Revenue and earnings miss expectations Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 3.6%. Over the next year, revenue is forecast to grow 10%, compared to a 6.0% growth forecast for the Professional Services industry in Sweden. Is New 90 Day High Low • Jan 23
New 90-day high: kr25.50 The company is up 20% from its price of kr21.20 on 23 October 2020. The Swedish market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 13% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: kr24.60 The company is up 13% from its price of kr21.75 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 Professional Services industry, which is up 1.0% over the same period. Recent Insider Transactions • Nov 28
Director recently bought kr117k worth of stock On the 26th of November, Claes Ruthberg bought around 5k shares on-market at roughly kr23.49 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr1.4m more in shares than they bought in the last 12 months. Analyst Estimate Surprise Post Earnings • Nov 16
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 14%. Earnings per share (EPS) exceeded analyst estimates by 375%. Over the next year, revenue is forecast to grow 7.5%, compared to a 1.7% growth forecast for the Professional Services industry in Sweden. Reported Earnings • Nov 16
Third quarter 2020 earnings released: EPS kr0.38 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: kr78.4m (down 22% from 3Q 2019). Net income: kr4.10m (down 47% from 3Q 2019). Profit margin: 5.2% (down from 7.7% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 22
New 90-day low: kr20.40 The company is down 1.0% from its price of kr20.70 on 24 July 2020. The Swedish market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 7.0% over the same period.