Announcement • May 14
Nasdaq Stockholm Approves the Application and Decides to Delist the Shares in Byggfakta Group Nordic Holdco BYGGFAKTA GROUP Nordic HoldCo AB has applied for its shares to be delisted from Nasdaq Stockholm. Nasdaq Stockholm AB has approved the application and decided to delist the shares in BYGGFAKTA GROUP Nordic HoldCo AB. The last day of trading will be May 23, 2024. Announcement • May 08
Byggfakta Applies for Delisting of its Shares from Nasdaq Stockholm On 5 January 2024, Stirling Square, TA and Macquarie Capital through Giant BidCo, announced a public offer to the shareholders of Byggfakta Group Nordic HoldCo AB (publ) ("Byggfakta"). On 19 April 2024, Giant BidCo announced that the Offer had been accepted to such extent that Giant BidCo controlled 99.0% of the total number of shares and votes in Byggfakta and that Giant BidCo had declared the Offer unconditional. Giant BidCo has initiated a compulsory buy-out procedure in accordance with the Swedish Companies Act to acquire the shares not tendered in the Offer. Further, Byggfakta has applied for a delisting of the shares in Byggfakta from Nasdaq Stockholm. Byggfakta will announce the last day of trading in Byggfakta's shares on Nasdaq Stockholm as soon as Byggfakta has received notification thereof from Nasdaq Stockholm. Announcement • Apr 28
Byggfakta Group Nordic HoldCo AB (publ) to Report Fiscal Year 2024 Results on Feb 06, 2025 Byggfakta Group Nordic HoldCo AB (publ) announced that they will report fiscal year 2024 results on Feb 06, 2025 Reported Earnings • Apr 26
First quarter 2024 earnings: EPS exceeds analyst expectations First quarter 2024 results: EPS: kr0.093 (up from kr0.074 loss in 1Q 2023). Revenue: kr723.0m (up 16% from 1Q 2023). Net income: kr20.0m (up kr36.0m from 1Q 2023). Profit margin: 2.8% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 64%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Sweden. Recent Insider Transactions • Apr 25
Co-Chief Executive Officer of APAC & US recently sold kr4.5m worth of stock On the 19th of April, Robert Krups sold around 86k shares on-market at roughly kr52.00 per share. This transaction amounted to 100% 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 kr4.3m more than they bought in the last 12 months. Announcement • Apr 24
Byggfakta Group Nordic HoldCo AB (publ)(OM:BFG) dropped from OMX Nordic All-Share Index BYGGFAKTA GROUP Nordic HoldCo AB (publ) has been dropped from OMX Nordic All-Share Index. Reported Earnings • Apr 19
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: kr0.39 (down from kr0.58 in FY 2022). Revenue: kr2.67b (up 17% from FY 2022). Net income: kr83.0m (down 35% from FY 2022). Profit margin: 3.1% (down from 5.5% 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 72%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Sweden. New Risk • Feb 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 32% 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 Share price has been volatile over the past 3 months (9.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.1% net profit margin). Reported Earnings • Feb 08
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: kr0.39 (down from kr0.58 in FY 2022). Revenue: kr2.76b (up 20% from FY 2022). Net income: kr83.0m (down 35% from FY 2022). Profit margin: 3.0% (down from 5.6% 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 72%. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Sweden. Major Estimate Revision • Feb 08
Consensus EPS estimates increase by 29% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from kr2.82b to kr2.88b. EPS estimate increased from kr0.767 to kr0.99 per share. Net income forecast to grow 134% next year vs 49% growth forecast for Software industry in Sweden. Consensus price target up from kr46.20 to kr47.20. Share price was steady at kr46.20 over the past week. Announcement • Feb 06
Byggfakta Group Nordic HoldCo AB (publ) (OM:BFG) agreed to acquire Otwarty Rynek Elektroniczny S.A. Byggfakta Group Nordic HoldCo AB (publ) (OM:BFG) agreed to acquire Otwarty Rynek Elektroniczny S.A. on February 5, 2024. Announcement • Jan 25
Byggfakta Group Appoints Fredrik Lundqvist as New CFO Byggfakta Group has recruited Fredrik Lundqvist as the company’s new CFO. He will take up his role in August 2024 and will also join the company’s Group management.Fredrik Lundqvist is joining Byggfakta from Cabonline Group, the Nordic region’s leading taxi company, which he joined in 2018 and where he has held the role of CFO since 2022. Previously, Fredrik worked in FMCG at Anora Group and General Electric, and held roles including as Finance Manager for GE Medical Diagnostics Norway. Fredrik holds a master’s degree in economics and business administration from Uppsala University. Reported Earnings • Nov 10
Third quarter 2023 earnings: EPS misses analyst expectations Third quarter 2023 results: EPS: kr0.07 (down from kr0.11 in 3Q 2022). Revenue: kr682.0m (up 20% from 3Q 2022). Net income: kr14.0m (down 38% from 3Q 2022). Profit margin: 2.1% (down from 4.0% in 3Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 61%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Sweden. Announcement • Nov 08
Byggfakta Group Nordic HoldCo AB (publ), Annual General Meeting, May 16, 2024 Byggfakta Group Nordic HoldCo AB (publ), Annual General Meeting, May 16, 2024. Recent Insider Transactions • Oct 02
Group Chief People Officer recently bought kr134k worth of stock On the 27th of September, Lindi Teate bought around 4k shares on-market at roughly kr30.00 per share. This transaction amounted to 3.8% 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 the only on-market transaction from insiders over the last 12 months. Announcement • Jul 25
Johnny Engman Intends to Step Down as CFO of Byggfakta Group, Effective on January 31, 2024 Johnny Engman has announced his intent to step down from his role as CFO of Byggfakta Group. During his notice period, which extends through to 31 January 2024, he will remain with the company in his current role. The process of appointing a new Chief Financial Officer is now being started. Announcement • Jul 22
Byggfakta Group Nordic HoldCo AB (publ) to Report Fiscal Year 2023 Results on Feb 07, 2024 Byggfakta Group Nordic HoldCo AB (publ) announced that they will report fiscal year 2023 results on Feb 07, 2024 New Risk • Jul 21
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 34% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 20
Second quarter 2023 earnings: EPS exceeds analyst expectations Second quarter 2023 results: EPS: kr0.13 (down from kr0.21 in 2Q 2022). Revenue: kr695.0m (up 21% from 2Q 2022). Net income: kr29.0m (down 37% from 2Q 2022). Profit margin: 4.2% (down from 8.0% in 2Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Sweden. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to kr29.00, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 34x in the Software industry in Sweden. Total loss to shareholders of 11% over the past year. Announcement • May 26
Byggfakta Group Nordic HoldCo AB (publ) Appoints Stefan Lindqvist as New Member of the Board of Directors Byggfakta Group Nordic HoldCo AB (publ) announced that at its AGM held on 25 May 2023, approved election of Stefan Lindqvist as new member of the Board of Directors. Announcement • May 16
Jakt är Jakt Scandinavia AB entered to acquire 33% stake in Jakt & Fiskejournalen Sverige Ab from Byggfakta Group Nordic HoldCo AB (publ) (OM:BFG). Jakt är Jakt Scandinavia AB entered to acquire 33% stake in Jakt & Fiskejournalen Sverige Ab from Byggfakta Group Nordic HoldCo AB (publ) (OM:BFG) on May 15, 2023. Reported Earnings • May 02
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: kr0.58 (up from kr2.70 loss in FY 2021). Revenue: kr2.29b (up 43% from FY 2021). Net income: kr127.5m (up kr434.2m from FY 2021). Profit margin: 5.6% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Software industry in Sweden. Announcement • Feb 13
Byggfakta Group Nordic HoldCo AB (publ) (OM:BFG) acquired approximately 73% stake in 4CastGroup AS. Byggfakta Group Nordic HoldCo AB (publ) (OM:BFG) acquired approximately 73% stake in 4CastGroup AS on February 13, 2023. The existing management team will continue to run the operations under the leadership of Chief Executive Officer Bjørn Birkeland, who will keep his role and remain a significant shareholder in 4CastGroup. 4CastGroup's entire sales team will remain in their existing roles and continue as minority shareholders following the acquisition.
Byggfakta Group Nordic HoldCo AB (publ) (OM:BFG) completed the acquisition of approximately 73% stake in 4CastGroup AS on February 13, 2023. Reported Earnings • Feb 09
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: kr0.58 (up from kr2.70 loss in FY 2021). Revenue: kr2.36b (up 47% from FY 2021). Net income: kr127.5m (up kr434.2m from FY 2021). Profit margin: 5.4% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.8%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in Sweden. Board Change • Jan 01
High number of new directors Director Arash Alidoost was the last director to join the board, commencing their role in 2022. Reported Earnings • Nov 16
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: kr0.11 (up from kr0.14 loss in 3Q 2021). Revenue: kr567.0m (up 6.2% from 3Q 2021). Net income: kr22.7m (up kr51.9m from 3Q 2021). Profit margin: 4.0% (up from net loss in 3Q 2021). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 9.9%. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Software industry in Sweden. Reported Earnings • Nov 11
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: kr0.11 (up from kr0.14 loss in 3Q 2021). Revenue: kr579.2m (up 8.5% from 3Q 2021). Net income: kr22.7m (up kr51.9m from 3Q 2021). Profit margin: 3.9% (up from net loss in 3Q 2021). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 9.9%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Software industry in Sweden. Reported Earnings • Jul 22
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: kr0.21. Revenue: kr578.1m (flat on 2Q 2021). Net income: kr46.1m (up kr46.1m from 2Q 2021). Profit margin: 8.0% (up from null in 2Q 2021). Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 45%. Over the next year, revenue is forecast to grow 13%, compared to a 40% growth forecast for the industry in Sweden. Reported Earnings • May 06
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: kr0.05 (down from kr2.24 in 1Q 2021). Revenue: kr547.8m (up 126% from 1Q 2021). Net income: kr10.7m (down 83% from 1Q 2021). Profit margin: 2.0% (down from 26% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 69%. Over the next year, revenue is forecast to grow 21%, compared to a 46% growth forecast for the industry in Sweden. Board Change • Oct 15
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Chairman of the Board Henrik Lif is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.