Recent Insider Transactions • Jun 23
Independent Chairman recently bought kr369k worth of stock On the 15th of June, Anders Boos bought around 12k shares on-market at roughly kr31.17 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. This was Anders' only on-market trade for the last 12 months. Reported Earnings • Apr 14
Full year 2025 earnings released: kr20.62 loss per share (vs kr1.01 profit in FY 2024) Full year 2025 results: kr20.62 loss per share (down from kr1.01 profit in FY 2024). Revenue: kr820.1m (down 11% from FY 2024). Net loss: kr277.7m (down kr291.5m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 11
Full year 2025 earnings released: kr20.62 loss per share (vs kr1.01 profit in FY 2024) Full year 2025 results: kr20.62 loss per share (down from kr1.01 profit in FY 2024). Revenue: kr783.3m (down 15% from FY 2024). Net loss: kr277.7m (down kr291.5m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Announcement • Feb 10
Wall to Wall Group AB to Report Fiscal Year 2025 Results on Feb 10, 2026 Wall to Wall Group AB announced that they will report fiscal year 2025 results at 9:00 AM, Central European Standard Time on Feb 10, 2026 Buy Or Sell Opportunity • Feb 04
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.3% to kr38.00. The fair value is estimated to be kr49.39, 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. Meanwhile, the company became loss making. Announcement • Feb 03
Wtw Launches Rewards Ai WTW announced the launch of Rewards AI, a groundbreaking Generative AI-enabled software designed to transform how HR and compensation professionals access, analyze and act on rewards data. Built on WTW's trusted proprietary data, Rewards AI delivers clarity, confidence, and efficiency in compensation decision-making. With accelerating technological advancements and ever-increasing data volumes, HR and compensation teams can struggle to move beyond surface-level insights to drive strategic decisions. Rewards AI addresses this challenge by combining WTW's legacy of data integrity with cutting-edge AI, offering a "human-led, machine-powered" approach that simplifies complex workflows and accelerates insight discovery. Rewards AI features a conversational and intelligent interface, allowing users to ask questions in natural language and receive instant, tailored answers. This intuitive interaction helps professionals easily navigate, understand, and action complex rewards data, responding quickly to market shifts with greater clarity. Rewards AI ensures transparency in how results are generated, with every recommendation traceable to its source, creating trust and eliminating guesswork from strategic compensation planning. New Risk • Nov 09
New major risk - Revenue and earnings growth Earnings have declined by 21% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 21% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (kr549.6m market cap, or US$57.7m). New Risk • Sep 08
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 10% 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: Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (kr767.8m market cap, or US$82.0m). Reported Earnings • Aug 17
Second quarter 2025 earnings released Second quarter 2025 results: kr2.91 loss per share. Revenue: kr217.4m (down 10% from 2Q 2024). Net loss: kr39.3m (flat on 2Q 2024). Announcement • May 30
JVG AB agreed to acquire Coatab Rörteknik AB from Wall to Wall Group AB (OM:WTW A). JVG AB agreed to acquire Coatab Rörteknik AB from Wall to Wall Group AB (OM:WTW A) on May 28, 2025. A cash consideration will be paid by JVG AB. The consideration consists of 0.19 million common equity of JVG AB to be issued for common equity of Coatab Rörteknik AB. As part of consideration, an undisclosed value is paid towards common equity and an undisclosed value is paid towards non-convertible debt of Coatab Rörteknik AB. The consideration for the divestment will be paid partly through the redemption of up to 0.189 million of JVG AB’s A shares in Wall to Wall Group AB and partly through a preliminary cash purchase price, corresponding to the settlement of net debt. The transaction is subject to approval of offer by target shareholders. Reported Earnings • May 02
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: kr2.30 loss per share (down from kr0.30 profit in 1Q 2024). Revenue: kr206.7m (down 11% from 1Q 2024). Net loss: kr31.1m (down kr35.3m from profit in 1Q 2024). Revenue missed analyst estimates by 16%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Consumer Durables industry in Sweden. Announcement • Apr 30
Wall to Wall Group AB Approves Dividend, Payable on 7 May 2025 Wall to Wall Group AB at its AGM held on April 29, 2025, approved the Board of Directors proposal, for a dividend of SEK 1.00 per share with the record date of 2 May 2025 and a distribution by Euroclear Sweden AB on 7 May 2025. Upcoming Dividend • Apr 23
Upcoming dividend of kr1.00 per share Eligible shareholders must have bought the stock before 30 April 2025. Payment date: 07 May 2025. Payout ratio is on the higher end at 99%, however this is supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Swedish dividend payers (4.1%). Lower than average of industry peers (3.1%). New Risk • Feb 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 2,813% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (99% payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (kr824.8m market cap, or US$77.0m). Reported Earnings • Feb 15
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: kr1.02 (down from kr1.26 in FY 2023). Revenue: kr951.9m (flat on FY 2023). Net income: kr13.8m (down 20% from FY 2023). Profit margin: 1.4% (down from 1.8% in FY 2023). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 52%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Durables industry in Sweden. Announcement • Feb 15
Wall to Wall Group AB, Annual General Meeting, Apr 29, 2025 Wall to Wall Group AB, Annual General Meeting, Apr 29, 2025. Buy Or Sell Opportunity • Jan 13
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 6.5% to kr59.00. The fair value is estimated to be kr48.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last year. Meanwhile, the company has become profitable. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 26% in the next 2 years. Recent Insider Transactions • Dec 23
Chairman & Independent Director recently bought kr493k worth of stock On the 19th of December, Anders Boos bought around 8k shares on-market at roughly kr58.96 per share. This transaction amounted to 2.2% 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. Buy Or Sell Opportunity • Nov 06
Now 21% overvalued Over the last 90 days, the stock has fallen 20% to kr57.00. The fair value is estimated to be kr47.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last year. Meanwhile, the company has become profitable. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 29% in the next 2 years. Major Estimate Revision • Nov 01
Consensus EPS estimates increase by 42%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from kr974.9m to kr940.0m. EPS estimate rose from kr1.32 to kr1.88. Net income forecast to shrink 7.0% next year vs 19% growth forecast for Consumer Durables industry in Sweden . Consensus price target down from kr48.50 to kr45.00. Share price was steady at kr55.00 over the past week. Reported Earnings • Oct 26
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: kr1.52 (up from kr0.32 in 3Q 2023). Revenue: kr230.4m (up 6.0% from 3Q 2023). Net income: kr20.7m (up 371% from 3Q 2023). Profit margin: 9.0% (up from 2.0% in 3Q 2023). Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Consumer Durables industry in Sweden. Announcement • Oct 21
Wall to Wall Group AB Announces CEO Changes The Board of Directors of Wall to Wall Group AB has appointed André Strömgren as the new Chief Executive Officer with immediate effect. The Company’s current CEO, Joachim Welin, is leaving the Company. André is currently the Chief Financial Officer of the Company, a role he will retain until a successor is appointed. Reported Earnings • Aug 15
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: kr245.8m (up 13% from 2Q 2023). Net income: kr0 (down kr4.40m from profit in 2Q 2023). Profit margin: 0% (down from 2.0% in 2Q 2023). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Consumer Durables industry in Sweden. Over the last 3 years on average, earnings per share has increased by 137% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to kr82.40, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 19x in the Consumer Durables industry in Sweden. Total loss to shareholders of 15% over the past year. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: kr0.30 (vs kr0.26 loss in 1Q 2023) First quarter 2024 results: EPS: kr0.30 (up from kr0.26 loss in 1Q 2023). Revenue: kr233.4m (down 44% from 1Q 2023). Net income: kr4.20m (up kr7.60m from 1Q 2023). Profit margin: 1.8% (up from net loss in 1Q 2023). Board Change • Apr 29
High number of new directors Director Maria Siden was the last director to join the board, commencing their role in 2024. Announcement • Apr 16
Wall to Wall Group Announces CFO Changes Wall to Wall Group has appointed André Strömgren as the new CFO and member of the Group management. André will assume his role no later than September 1, 2024. The company's current acting CFO, Linus Marmstedt, will remain in his current role until André takes over. André has extensive experience from leading positions in finance and IR regarding both listed and unlisted companies, most recently as CFO at Quant. Previous experience includes PA Resources and Electrolux. Announcement • Mar 12
Wall to Wall Group AB Proposes Cash Dividend for the Financial Year 2023, Payable on 22 April 2024 The Board of Directors of Wall to Wall Group AB proposed a dividend for the financial year 2023 of SEK 1 per share. The Board of Directors proposed 17 April 2024 as record date for the dividend. If themeeting decides according to the proposal the dividend is expected to be distributed by Euroclear Sweden on 22 April 2024. Announcement • Mar 11
Wall to Wall Group AB, Annual General Meeting, Apr 15, 2024 Wall to Wall Group AB, Annual General Meeting, Apr 15, 2024, at 11:00 Central European Standard Time. Location: Wigge & Partners Advokat KB’s offices at Birger Jarlsgatan 25, Stockholm Sweden Agenda: To consider Presentation of the Annual Report and the Auditors' Report, the Consolidated Accounts and the Auditors' Report on the Consolidated Accounts, and the Auditor's opinion on whether the current guidelines for remuneration for senior executives have been followed; to consider Presentation by the CEO; to consider Resolution on adoption of the income statement and balance sheet as well as the consolidated income statement and consolidated balance sheet; to consider Resolution on allocation of the Company’s profit as shown in the balance sheet adopted by the meeting and record date; to consider Resolution on discharge from liability of the Directors of the Board of Directors and the CEO; to consider Determination of the number of Directors and Auditors; to consider Election of Directors as well as Chair of the Board of Directors; and to consider other matters. Announcement • Feb 01
Wall to Wall Group AB to Report Fiscal Year 2023 Results on Feb 16, 2024 Wall to Wall Group AB announced that they will report fiscal year 2023 results at 8:00 AM, Central European Standard Time on Feb 16, 2024 Announcement • Jan 09
Wall to Wall Group AB (OM:WTW A) commences an Equity Buyback for 1,381,729.1 shares, representing 10% of its issued share capital, under the authorization approved on December 22, 2023. Wall to Wall Group AB (OM:WTW A) commences share repurchases on January 4, 2023, under the program mandated by the shareholders in the Extraordinary General Meeting held on December 22, 2023. As per the mandate, the company is authorized to repurchase its up to 1,381,729 shares, representing 10% of its issued share capital. The shares will be repurchased in a manner such that the company’s holding in treasury does not exceed 10% of its issued share capital. The shares will be repurchased at a price that will correspond to the market price at the time of the acquisition with a deviation that does not exceed the registered price interval on each occasion. The purpose of the program is to give the company flexibility regarding its equity and thereby optimize the capital structure of the company. The repurchased share can be used as payment for, or financing of, acquisitions of companies and to be able to fulfil undertakings in accordance with future incentive programs. The authority shall expire at date on which the next Annual General Meeting is required to be held. As of November 22, 2023, the company had 13,817,291 issued and outstanding shares, out of which 11,817,291 were A shares and 2,000,000 were B shares and the company had no shares in treasury.
On December 22, 2023, the company announces a share repurchase program. Under the program, the company will repurchase up to 1,381,729 A shares, for a total of SEK 125 million through its broker Carnegie Investment Bank AB (publ). Announcement • Nov 24
Tebede AB Appoints Joachim Welin as CEO Tebede AB announced that Anders Lönnqvist has been the CEO of the Company since its founding in 2021. Joachim Welin has been the CEO of Spolargruppen since 2019. As the companies now harmonise, it is natural that Joachim Welin becomes its Group CEO effective January 1, 2024. Joachim Welin, Philip Maazon, and Linus Marmstedt will form the core of Wall to Wall Group's executive management. In addition, Karl-Johan Tjärnvall, the original founder of Spolargruppen, will primarily focus on acquisitions and business development and thus continue to be a central part of Wall to Wall Group. Announcement • Nov 04
Tebede AB to Report Q3, 2023 Results on Nov 06, 2023 Tebede AB announced that they will report Q3, 2023 results on Nov 06, 2023 Announcement • Jun 25
tbd30 AB (publ) has completed an IPO in the amount of SEK 800 million. tbd30 AB (publ) has completed an IPO in the amount of SEK 800 million.
Security Name: Class A Shares
Security Type: Common Stock
Securities Offered: 8,000,000
Price\Range: SEK 100
Discount Per Security: SEK 0
Transaction Features: Blank Check Blind Pool Company