Major Estimate Revision • May 21
Consensus EPS estimates fall by 79% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from kr318.0m to kr314.0m. EPS estimate also fell from kr0.47 per share to kr0.10 per share. Net income forecast to shrink 75% next year vs 3.3% growth forecast for Household Products industry in Sweden . Consensus price target down from kr13.00 to kr10.50. Share price was steady at kr7.58 over the past week. Reported Earnings • Mar 02
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: kr0.40 (down from kr0.45 in FY 2024). Revenue: kr294.4m (up 12% from FY 2024). Net income: kr5.51m (down 11% from FY 2024). Profit margin: 1.9% (down from 2.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Household Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat. Major Estimate Revision • Mar 01
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from kr324.0m to kr318.0m. EPS estimate also fell from kr0.58 per share to kr0.47 per share. Net income forecast to grow 6.4% next year vs 23% growth forecast for Household Products industry in Sweden. Consensus price target down from kr14.00 to kr13.00. Share price fell 6.1% to kr8.40 over the past week. Price Target Changed • Feb 27
Price target decreased by 13% to kr13.00 Down from kr15.00, the current price target is provided by 1 analyst. New target price is 55% above last closing price of kr8.40. Stock is up 13% over the past year. The company is forecast to post earnings per share of kr0.41 for next year compared to kr0.45 last year. Announcement • Feb 27
Clemondo Group AB (publ), Annual General Meeting, May 19, 2026 Clemondo Group AB (publ), Annual General Meeting, May 19, 2026. 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. 4 experienced directors. 2 highly experienced directors. Independent Director Lina Wiles 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. Reported Earnings • Nov 17
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: kr0.05 (down from kr0.12 in 3Q 2024). Revenue: kr65.5m (up 14% from 3Q 2024). Net income: kr692.0k (down 59% from 3Q 2024). Profit margin: 1.1% (down from 2.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 50%. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Household Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 5% per year. Major Estimate Revision • Nov 14
Consensus EPS estimates fall by 21% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from kr0.52 to kr0.41 per share. Revenue forecast steady at kr294.0m. Net income forecast to grow 15% next year vs 14% growth forecast for Household Products industry in Sweden. Consensus price target down from kr15.00 to kr14.00. Share price was steady at kr9.50 over the past week. Price Target Changed • Nov 13
Price target decreased by 13% to kr14.00 Down from kr16.00, the current price target is provided by 1 analyst. New target price is 45% above last closing price of kr9.65. Stock is up 16% over the past year. The company is forecast to post earnings per share of kr0.41 for next year compared to kr0.45 last year. Major Estimate Revision • Aug 22
Consensus EPS estimates fall by 19% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from kr0.64 to kr0.52 per share. Revenue forecast steady at kr292.0m. Net income forecast to grow 6.4% next year vs 6.4% growth forecast for Household Products industry in Sweden. Consensus price target down from kr16.00 to kr15.00. Share price fell 2.5% to kr9.75 over the past week. Major Estimate Revision • Aug 05
Consensus EPS estimates fall by 20% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from kr0.80 to kr0.64. Revenue forecast unchanged from kr291.0m at last update. Net income forecast to grow 25% next year vs 25% growth forecast for Household Products industry in Sweden. Consensus price target down from kr18.50 to kr16.00. Share price fell 5.7% to kr9.90 over the past week. Recent Insider Transactions • May 30
Independent Chairman of the Board recently bought kr99k worth of stock On the 28th of May, Michael Engström bought around 9k shares on-market at roughly kr10.96 per share. This transaction amounted to 6.9% 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 Michael's only on-market trade for the last 12 months. Reported Earnings • May 23
First quarter 2025 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2025 results: EPS: kr0.23 (up from kr0.08 in 1Q 2024). Revenue: kr76.5m (up 14% from 1Q 2024). Net income: kr3.14m (up 184% from 1Q 2024). Profit margin: 4.1% (up from 1.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Household Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Price Target Changed • May 23
Price target increased by 28% to kr18.50 Up from kr14.50, the current price target is provided by 1 analyst. New target price is 73% above last closing price of kr10.70. Stock is up 19% over the past year. The company is forecast to post earnings per share of kr0.80 for next year compared to kr0.45 last year. Announcement • Apr 15
Clemondo Group AB (publ), Annual General Meeting, May 22, 2025 Clemondo Group AB (publ), Annual General Meeting, May 22, 2025, at 16:00 W. Europe Standard Time. Location: at makadamgatan 16, helsingborg Sweden New Risk • Mar 06
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.3% Last year net profit margin: 3.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (2.3% net profit margin). Market cap is less than US$100m (kr103.2m market cap, or US$10.2m). Major Estimate Revision • Nov 15
Consensus EPS estimates increase by 20%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from kr276.0m to kr266.0m. EPS estimate rose from kr0.05 to kr0.06. Net income forecast to grow 58% next year vs 19% growth forecast for Household Products industry in Sweden. Consensus price target of kr1.40 unchanged from last update. Share price rose 11% to kr0.85 over the past week. New Risk • Oct 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr104.1m (US$9.76m) This is considered a major risk. Companies with a small market capitalization 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. This is currently the only risk that has been identified for the company. Major Estimate Revision • Aug 22
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from kr0.06 to kr0.05. Revenue forecast unchanged from kr276.0m at last update. Net income forecast to grow 12% next year vs 36% growth forecast for Household Products industry in Sweden. Consensus price target of kr1.40 unchanged from last update. Share price rose 2.1% to kr0.89 over the past week. Recent Insider Transactions • Oct 02
Sales Manager Hygiene & Industry recently bought kr286k worth of stock On the 29th of September, Johannes Efstratiadis bought around 310k shares on-market at roughly kr0.92 per share. This transaction increased Johannes' direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr1.2m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Sep 21
Sales Manager Hygiene & Industry recently bought kr124k worth of stock On the 18th of September, Johannes Efstratiadis bought around 130k shares on-market at roughly kr0.95 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr961k more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 19
Sales Manager Hygiene & Industry recently bought kr604k worth of stock On the 16th of May, Johannes Efstratiadis bought around 600k shares on-market at roughly kr1.01 per share. This transaction amounted to 24% 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 kr1.4m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 14
Sales Manager Hygiene & Industry recently bought kr241k worth of stock On the 8th of March, Johannes Efstratiadis bought around 300k shares on-market at roughly kr0.80 per share. This transaction amounted to 13% 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 kr837k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 20
Independent Chairman of the Board recently bought kr97k worth of stock On the 16th of February, Michael Engström bought around 100k shares on-market at roughly kr0.97 per share. This transaction amounted to 72% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr460k. This was Michael's only on-market trade for the last 12 months. Reported Earnings • Feb 19
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: kr0.03 (down from kr0.13 in FY 2021). Revenue: kr304.1m (flat on FY 2021). Net income: kr3.76m (down 78% from FY 2021). Profit margin: 1.2% (down from 5.6% in FY 2021). Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Household Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Recent Insider Transactions • Dec 16
Insider recently bought kr460k worth of stock On the 14th of December, Johannes Efstratiadis bought around 573k shares on-market at roughly kr0.80 per share. This transaction amounted to 34% 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 kr500k more in shares than they have sold in the last 12 months. Major Estimate Revision • Nov 16
Consensus EPS estimates increase by 200% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from kr296.0m to kr301.0m. EPS estimate increased from kr0.01 to kr0.03 per share. Net income forecast to grow 27% next year vs 28% growth forecast for Household Products industry in Sweden. Consensus price target up from kr1.45 to kr1.55. Share price fell 3.1% to kr0.79 over the past week. Recent Insider Transactions Derivative • May 25
Sales & Marketing Manager exercised options to buy kr824k worth of stock. On the 23rd of May, Eva Ärlebo exercised options to buy 792k shares at a strike price of around kr0.82, costing a total of kr649k. This transaction amounted to 4,041% of their direct individual holding at the time of the trade. Eva currently holds less than 1% of total shares outstanding. Company insiders have collectively bought kr750k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: kr0.13 (vs kr0.29 in FY 2020) Full year 2021 results: EPS: kr0.13 (down from kr0.29 in FY 2020). Revenue: kr301.5m (down 16% from FY 2020). Net income: kr17.0m (down 55% from FY 2020). Profit margin: 5.6% (down from 11% in FY 2020). The decrease in margin was driven by lower revenue. Over the next year, revenue is expected to shrink by 1.5% compared to a 2.9% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
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. 4 experienced directors. No highly experienced directors. Independent Director Camilla Dahlin was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 19
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: kr0.13 (down from kr0.29 in FY 2020). Revenue: kr305.0m (down 15% from FY 2020). Net income: kr17.0m (down 55% from FY 2020). Profit margin: 5.6% (down from 11% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr1.39, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 10x in the Household Products industry in Europe. Total returns to shareholders of 180% over the past three years. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 21% share price gain to kr1.63, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 10x in the Household Products industry in Europe. Total returns to shareholders of 339% over the past three years. Board Change • Dec 06
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. 4 experienced directors. No highly experienced directors. Independent Director Camilla Dahlin was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS kr0.005 (vs kr0.056 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr57.6m (down 36% from 3Q 2020). Net income: kr603.0k (down 92% from 3Q 2020). Profit margin: 1.0% (down from 8.3% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Aug 25
Independent Chairman of the Board recently bought kr100k worth of stock On the 20th of August, Michael Engström bought around 55k shares on-market at roughly kr1.82 per share. This was the largest purchase by an insider in the last 3 months. Michael has been a buyer over the last 12 months, purchasing a net total of kr200k worth in shares. Reported Earnings • Aug 21
Second quarter 2021 earnings released The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr75.4m (down 22% from 2Q 2020). Net income: kr2.59m (down 73% from 2Q 2020). Profit margin: 3.4% (down from 10.0% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 130% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment deteriorated over the past week After last week's 26% share price decline to kr1.97, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 10x in the Household Products industry in Europe. Total returns to shareholders of 254% over the past three years. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improved over the past week After last week's 16% share price gain to kr2.75, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 10x in the Household Products industry in Europe. Total returns to shareholders of 391% over the past three years. Recent Insider Transactions • May 21
Independent Chairman of the Board recently bought kr100k worth of stock On the 19th of May, Michael Engström bought around 37k shares on-market at roughly kr2.70 per share. This was the largest purchase by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Reported Earnings • May 16
First quarter 2021 earnings released: EPS kr0.08 (vs kr0.026 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr95.7m (up 23% from 1Q 2020). Net income: kr11.2m (up 228% from 1Q 2020). Profit margin: 12% (up from 4.4% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improved over the past week After last week's 24% share price gain to kr3.42, the stock is trading at a trailing P/E ratio of 21.7x, up from the previous P/E ratio of 17.5x. This compares to an average P/E of 21x in the Household Products industry in Europe. Total returns to shareholders over the past three years are 168%. Is New 90 Day High Low • Jan 30
New 90-day low: kr2.86 The company is down 30% from its price of kr4.06 on 30 October 2020. The Swedish market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Household Products industry, which is down 1.0% over the same period. Valuation Update With 7 Day Price Move • Dec 10
Market bids up stock over the past week After last week's 18% share price gain to kr3.46, the stock is trading at a trailing P/E ratio of 22x, up from the previous P/E ratio of 18.7x. This compares to an average P/E of 19x in the Household Products industry in Europe. Total returns to shareholders over the past three years are 119%. Is New 90 Day High Low • Nov 24
New 90-day low: kr2.96 The company is down 10.0% from its price of kr3.30 on 26 August 2020. The Swedish market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Household Products industry, which is down 9.0% over the same period. Valuation Update With 7 Day Price Move • Nov 19
Market pulls back on stock over the past week After last week's 16% share price decline to kr3.36, the stock is trading at a trailing P/E ratio of 21.3x, down from the previous P/E ratio of 25.5x. This compares to an average P/E of 19x in the Household Products industry in Europe. Total returns to shareholders over the past three years are 151%. Reported Earnings • Nov 16
Third quarter 2020 earnings released: EPS kr0.056 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: kr89.9m (up 66% from 3Q 2019). Net income: kr7.46m (up kr8.76m from 3Q 2019). Profit margin: 8.3% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Oct 14
New 90-day high: kr4.44 The company is up 46% from its price of kr3.04 on 16 July 2020. The Swedish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Household Products industry, which is up 1.0% over the same period. Is New 90 Day High Low • Sep 28
New 90-day high: kr3.82 The company is up 41% from its price of kr2.70 on 30 June 2020. The Swedish market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Household Products industry, which is up 3.0% over the same period. 
