Recent Insider Transactions • Jun 12
CEO & President recently bought kr121k worth of stock On the 10th of June, Fredrik Valentin bought around 4k shares on-market at roughly kr31.20 per share. This transaction amounted to 3.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Fredrik has been a buyer over the last 12 months, purchasing a net total of kr1.2m worth in shares. Board Change • May 19
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Mikael Vaezi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 27
Alcadon Group AB (publ), Annual General Meeting, Apr 29, 2026 Alcadon Group AB (publ), Annual General Meeting, Apr 29, 2026, at 10:00 W. Europe Standard Time. Location: kanter advokatbyra, engelbrektsgatan 3, stockholm Sweden Announcement • Jan 15
Alcadon Group AB (Publ) Decides to Discontinue the Operational Activities of Alcadon GmbH Alcadon Group has decided to discontinue the operational activities of Alcadon GmbH (Germany) and prioritise geographies and market segments with stronger gross margins and lower tied-up capital. The discontinuation will be completed in 2026 and affects two locally employed staff, who during the discontinuation period will focus on sell-out of remaining inventory. From December 2025, the German operations will be reported separately in Alcadon Group's income statement as discontinued operations in accordance with IFRS 5 and will therefore not be included in Alcadon Group's adjusted operating profit (EBITA adjusted) for the fourth quarter and full year 2025. The decision to discontinue the German operations is based on a long-term analysis of Alcadon Group's current operations in eight European countries within three main market segments: structured cabling, data centres and broadband. Since 2024, the European broadband market has changed significantly, with a clear decline in demand and, consequently, increased competition and pressure on margins. The reason for decreased demand is that several countries have now reached high levels of broadband-connected homes, while planned broadband rollouts in markets with lower degree of connected homes have stalled for various reasons. The current operations in Germany are heavily dependent on the broadband segment, and the changed market situation has had a negative impact on us, resulting in losses over a longer period. Over the past year, company have implemented both management changes and cost adjustments in Germany, while continued low demand has led to increased margin pressure to such an extent that the measures undertaken have not been sufficient. In addition, company have a challenge with large inventory levels of customer-specific products in Germany that are at risk of obsolescence. Although long-term assessment is that the broadband roll-out in Germany will continue and over time come on a par with other countries, the competition for broadband projects is predicted to be so fierce that company's current operations in Germany, with only one market segment to stand on, will not contribute to the Group's financial targets in the foreseeable future. Alcadon Group has therefore decided to discontinue its operations in Germany and prioritise geographies and market segments where company can achieve stronger gross margins with higher capital efficiency. At the same time, the remaining subsidiaries need to complete ongoing adjustments to new market conditions and continue their work on strengthening profitability in order to create long-term increased shareholder value. Recent Insider Transactions • Nov 21
Insider recently bought kr220k worth of stock On the 18th of November, Magnus Larsson bought around 10k shares on-market at roughly kr22.00 per share. This transaction increased Magnus' direct individual holding by 1x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr638k. Insiders have collectively bought kr1.1m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 07
CEO & President recently bought kr638k worth of stock On the 5th of November, Fredrik Valentin bought around 30k shares on-market at roughly kr21.25 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. Fredrik has been a buyer over the last 12 months, purchasing a net total of kr840k worth in shares. Reported Earnings • Oct 26
Third quarter 2025 earnings released: EPS: kr0.38 (vs kr0.22 in 3Q 2024) Third quarter 2025 results: EPS: kr0.38 (up from kr0.22 in 3Q 2024). Revenue: kr349.4m (down 11% from 3Q 2024). Net income: kr9.20m (up 70% from 3Q 2024). Profit margin: 2.6% (up from 1.4% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Recent Insider Transactions • Sep 28
CEO & President recently bought kr108k worth of stock On the 22nd of September, Fredrik Valentin bought around 5k shares on-market at roughly kr21.50 per share. This transaction amounted to 7.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Fredrik has been a buyer over the last 12 months, purchasing a net total of kr203k worth in shares. Recent Insider Transactions • Sep 24
CEO & President recently bought kr108k worth of stock On the 22nd of September, Fredrik Valentin bought around 5k shares on-market at roughly kr21.50 per share. This transaction amounted to 7.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Fredrik has been a buyer over the last 12 months, purchasing a net total of kr203k worth in shares. Reported Earnings • Aug 10
Second quarter 2025 earnings released: EPS: kr0.31 (vs kr0.45 in 2Q 2024) Second quarter 2025 results: EPS: kr0.31 (down from kr0.45 in 2Q 2024). Revenue: kr378.6m (down 11% from 2Q 2024). Net income: kr7.70m (down 30% from 2Q 2024). Profit margin: 2.0% (down from 2.6% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to kr25.40, the stock trades at a trailing P/E ratio of 19.8x. Average forward P/E is 17x in the Electronic industry in Sweden. Total loss to shareholders of 66% over the past three years. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to kr19.85, the stock trades at a trailing P/E ratio of 15.5x. Average forward P/E is 15x in the Electronic industry in Sweden. Total loss to shareholders of 76% over the past three years. Recent Insider Transactions • May 02
CEO & President recently bought kr95k worth of stock On the 29th of April, Fredrik Valentin bought around 5k shares on-market at roughly kr19.00 per share. This transaction amounted to 10.0% 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 Fredrik's only on-market trade for the last 12 months. Reported Earnings • Apr 30
First quarter 2025 earnings released: EPS: kr0.33 (vs kr0.62 in 1Q 2024) First quarter 2025 results: EPS: kr0.33 (down from kr0.62 in 1Q 2024). Revenue: kr411.6m (up 3.1% from 1Q 2024). Net income: kr8.10m (down 40% from 1Q 2024). Profit margin: 2.0% (down from 3.4% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to kr18.35, the stock trades at a trailing P/E ratio of 12.2x. Average forward P/E is 16x in the Electronic industry in Sweden. Total loss to shareholders of 75% over the past three years. Announcement • Mar 28
Alcadon Group AB (publ), Annual General Meeting, Apr 29, 2025 Alcadon Group AB (publ), Annual General Meeting, Apr 29, 2025, at 10:00 W. Europe Standard Time. Location: at kanter advokatbyra, engelbrektsgatan 3, stockholm Sweden Reported Earnings • Feb 21
Full year 2024 earnings released: EPS: kr1.55 (vs kr1.76 in FY 2023) Full year 2024 results: EPS: kr1.55 (down from kr1.76 in FY 2023). Revenue: kr1.60b (up 2.0% from FY 2023). Net income: kr36.9m (down 2.5% from FY 2023). Profit margin: 2.3% (down from 2.4% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Recent Insider Transactions • Nov 24
Insider recently bought kr205k worth of stock On the 15th of November, Susanne Stengade bought around 7k shares on-market at roughly kr29.24 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, there was an even bigger purchase from another insider worth kr317k. Insiders have collectively bought kr544k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 01
CEO & Director recently bought kr317k worth of stock On the 25th of October, Pierre Fors bought around 10k shares on-market at roughly kr31.73 per share. This transaction amounted to 10.0% 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 Pierre's only on-market trade for the last 12 months. New Risk • Oct 26
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (kr759.8m market cap, or US$71.7m). Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: kr0.22 (vs kr0.63 in 3Q 2023) Third quarter 2024 results: EPS: kr0.22 (down from kr0.63 in 3Q 2023). Revenue: kr390.9m (up 2.5% from 3Q 2023). Net income: kr5.40m (down 61% from 3Q 2023). Profit margin: 1.4% (down from 3.6% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Announcement • Sep 30
Alcadon Group AB (Publ) Announces Board Changes The Board of Directors of Alcadon Group AB (publ) decided to appoint Jonas Mårtensson, the current Vice Chairman, as acting Chairman of the Board for the period until Fredrik Valentin takes office. Pierre Fors will remain as a Board member during this period. Reported Earnings • Aug 11
Second quarter 2024 earnings released: EPS: kr0.45 (vs kr0.10 loss in 2Q 2023) Second quarter 2024 results: EPS: kr0.45 (up from kr0.10 loss in 2Q 2023). Revenue: kr425.3m (up 15% from 2Q 2023). Net income: kr11.0m (up kr13.2m from 2Q 2023). Profit margin: 2.6% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 7% per year. Recent Insider Transactions • May 31
CEO & President recently bought kr128k worth of stock On the 28th of May, Sonny Mirborn bought around 4k shares on-market at roughly kr33.60 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Sonny has been a buyer over the last 12 months, purchasing a net total of kr454k worth in shares. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: kr0.62 (vs kr0.56 in 1Q 2023) First quarter 2024 results: EPS: kr0.62 (up from kr0.56 in 1Q 2023). Revenue: kr399.4m (up 2.7% from 1Q 2023). Net income: kr13.6m (up 17% from 1Q 2023). Profit margin: 3.4% (up from 3.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Apr 17
Sonny Mirborn to Leave Alcadon Group AB (publ) as Group CEO in October 2024 Alcadon Group AB (publ) announced that Group CEO, Sonny Mirborn has informed the Board of the company that he wishes to leave his role to take up the position as Group CEO of an unlisted company in an industry that is not related to Alcadon's business. The Board will immediately initiate a recruitment process to find a new Group CEO. Sonny Mirborn will continue to work as Group CEO during the notice period. Announcement • Apr 03
Alcadon Group AB (publ) (OM:ALCA) completed the acquisition of Lewralos Limited from Keith Mahony and Derek Finlay. Alcadon Group AB (publ) (OM:ALCA) signed an agreement to acquire Lewralos Limited from Keith Mahony and Derek Finlay for €13 million on March 6, 2024. The purchase price on a cash and debt-free basis amounts to €10.1 million, of which up to 25% of the purchase price is paid through a new issue of shares in Alcadon to the Sellers by way of an issue-in-kind upon closing, which is expected to take place on 2 April 2024, and the remainder will be settled in cash. A conditioned based purchase price of a maximum of €2.9 million may be paid if certain conditions are met during the period up until and including three years after closing, which part of the additional purchase price can be paid through a set-off issue, subject to the approval of the general meeting. The acquisition will be financed through a combination of cash and shares in Alcadon and bank facilities. The main part of the bank facility is short-term and intended to be used to refinance existing cash position in Wood Communications, which will be settled shortly following closing date. The acquisition includes taking of Wood Communications Ltd. Following the acquisition, Keith Mahony, Managing Director, and Derek Finlay, Sales Director, will become significant owners of Alcadon Group. Wood Communications will continue to operate an independent company within the Alcadon group in line with Alcadon’s strategy of working with decentralized business units with synergy potential. The transaction is expected to take place on 2 April 2024.
Alcadon Group AB (publ) (OM:ALCA) completed the acquisition of Lewralos Limited from Keith Mahony and Derek Finlay on April 2, 2024. Reported Earnings • Mar 27
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: kr1.76. Revenue: kr1.57b (up 42% from FY 2022). Net income: kr37.9m (up 2.2% from FY 2022). Profit margin: 2.4% (down from 3.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 9.3%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Electronic industry in Sweden. Announcement • Mar 26
Alcadon Group AB (publ), Annual General Meeting, Apr 26, 2024 Alcadon Group AB (publ), Annual General Meeting, Apr 26, 2024, at 10:00 Central European Standard Time. Location: Courtyard by Marriott hotel on Kungsholmen Stockholm Sweden Announcement • Mar 08
Alcadon Group AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 75.000018 million. Alcadon Group AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 75.000018 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 2,054,795
Price\Range: SEK 36.5
Transaction Features: Subsequent Direct Listing New Risk • Feb 25
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Market cap is less than US$100m (kr876.5m market cap, or US$85.0m). Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to kr34.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Electronic industry in Sweden. Total returns to shareholders of 29% over the past three years. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: kr0.63 (vs kr0.25 in 3Q 2022) Third quarter 2023 results: EPS: kr0.63 (up from kr0.25 in 3Q 2022). Revenue: kr381.4m (up 32% from 3Q 2022). Net income: kr13.7m (up 169% from 3Q 2022). Profit margin: 3.6% (up from 1.8% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Recent Insider Transactions • Sep 08
CEO & President recently bought kr112k worth of stock On the 6th of September, Sonny Mirborn bought around 3k shares on-market at roughly kr33.32 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr140k. Sonny has been a buyer over the last 12 months, purchasing a net total of kr498k worth in shares. Recent Insider Transactions • Aug 16
CEO & President recently bought kr140k worth of stock On the 11th of August, Sonny Mirborn bought around 4k shares on-market at roughly kr38.03 per share. This transaction amounted to 15% 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 kr192k. Sonny has been a buyer over the last 12 months, purchasing a net total of kr505k worth in shares. Reported Earnings • Aug 13
Second quarter 2023 earnings released: kr0.10 loss per share (vs kr0.40 profit in 2Q 2022) Second quarter 2023 results: kr0.10 loss per share (down from kr0.40 profit in 2Q 2022). Revenue: kr371.1m (up 72% from 2Q 2022). Net loss: kr2.20m (down 128% from profit in 2Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Jun 29
Chief Executive Officer of Sweden recently bought kr87k worth of stock On the 27th of June, Magnus Larsson bought around 2k shares on-market at roughly kr43.58 per share. This transaction amounted to 26% 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 kr408k. Insiders have collectively bought kr1.2m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr43.05, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Electronic industry in Sweden. Total returns to shareholders of 139% over the past three years. Recent Insider Transactions • Jun 04
Chairman of the Board recently bought kr192k worth of stock On the 1st of June, Pierre Fors bought around 5k shares on-market at roughly kr38.45 per share. This transaction amounted to 5.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr408k. Pierre has been a buyer over the last 12 months, purchasing a net total of kr600k worth in shares. Recent Insider Transactions • May 08
Chairman of the Board recently bought kr408k worth of stock On the 4th of May, Pierre Fors bought around 10k shares on-market at roughly kr40.80 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. This was Pierre's only on-market trade for the last 12 months. Major Estimate Revision • Apr 28
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from kr3.82 to kr3.38 per share. Revenue forecast steady at kr1.67b. Net income forecast to grow 113% next year vs 30% growth forecast for Electronic industry in Sweden. Consensus price target of kr95.00 unchanged from last update. Share price fell 8.1% to kr45.00 over the past week. Buying Opportunity • Apr 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 32%. The fair value is estimated to be kr63.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings is also forecast to grow by 29% per annum over the same time period. Buying Opportunity • Mar 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 32%. The fair value is estimated to be kr63.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings is also forecast to grow by 29% per annum over the same time period. Reported Earnings • Mar 27
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: kr1.86 (down from kr2.63 in FY 2021). Revenue: kr1.11b (up 51% from FY 2021). Net income: kr37.1m (down 22% from FY 2021). Profit margin: 3.3% (down from 6.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.6%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Electronic 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 increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Mar 24
CEO & President recently bought kr147k worth of stock On the 22nd of March, Sonny Mirborn bought around 3k shares on-market at roughly kr55.30 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Sonny has been a buyer over the last 12 months, purchasing a net total of kr265k worth in shares. Major Estimate Revision • Feb 28
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from kr4.36 to kr3.82 per share. Revenue forecast steady at kr1.69b. Net income forecast to grow 113% next year vs 46% growth forecast for Electronic industry in Sweden. Consensus price target of kr95.00 unchanged from last update. Share price fell 6.3% to kr64.20 over the past week. Recent Insider Transactions • Feb 23
Insider recently sold kr51k worth of stock On the 16th of February, Susanne Stengade sold around 752 shares on-market at roughly kr68.02 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought kr332k more than they sold in the last 12 months. Reported Earnings • Feb 22
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: kr1.80 (down from kr2.63 in FY 2021). Revenue: kr1.11b (up 51% from FY 2021). Net income: kr37.1m (down 21% from FY 2021). Profit margin: 3.3% (down from 6.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.6%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic 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 increased by 58% per year, which means it is tracking significantly ahead of earnings growth. 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. 4 non-independent directors. Director Lars Engstrom was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 29
Alcadon Group AB (publ) to Report Fiscal Year 2022 Results on Feb 21, 2023 Alcadon Group AB (publ) announced that they will report fiscal year 2022 results at 8:00 AM, Central European Standard Time on Feb 21, 2023 Reported Earnings • Oct 28
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: kr0.25 (down from kr0.71 in 3Q 2021). Revenue: kr288.0m (up 58% from 3Q 2021). Net income: kr5.10m (down 60% from 3Q 2021). Profit margin: 1.8% (down from 7.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) missed analyst estimates by 50%. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Oct 11
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from kr1.12b to kr1.08b. EPS estimate also fell from kr2.70 per share to kr2.20 per share. Net income forecast to grow 70% next year vs 33% growth forecast for Electronic industry in Sweden. Consensus price target of kr95.00 unchanged from last update. Share price was steady at kr73.50 over the past week. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improved over the past week After last week's 15% share price gain to kr71.90, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the Electronic industry in Sweden. Total returns to shareholders of 293% over the past three years. Announcement • Aug 18
Alcadon Group AB (publ) (OM:ALCA) completed the acquisition of Networks Centre Holding Company Limited. Alcadon Group AB (publ) (OM:ALCA) agreed to acquire Networks Centre Holding Company Limited for £41.5 million on August 10, 2022. The purchase price amounts to GBP 31.5 million on a cash and debt free basis of which approximately GBP 5.8 million will be paid in newly issued shares of Alcadon Group AB. On this basis, the Board of Directors has today decided on a directed share issue of 987,694 shares in Alcadon Group AB, of which the main shareholder Duncan Lindsay and related parties will receive 631,477 shares and the other nine shareholders 356,217 shares at a subscription price of SEK 73.30 per share. In addition, an additional purchase price (Earn-Out) of maximum GBP 10 million in cash is paid depending on the development of NWC's EBITDA over the next 36 months.
Deal will be financed through existing cash in Alcadon and refinancing of existing loans of £10.5 million together with a new bank loan of £20.3 million with a term of 3+1 years. Following the acquisition, the current Group Managing Director, Duncan Lindsay, will assume the role of Senior Vice President UK within Alcadon Group, where he will also be part of Alcadon Group's management team. The current Sales Director, James Reid, will take over the responsibility as Managing Director of the Networks Centre Group. Networks Centre will remain an independent company within Alcadon Group in line with Alcadon's strategy of working with decentralized profit centers. NWC reported per end of June revenues of £42.6 million with an underlying EBITDA of £3.6 million for the last twelve months. NWC will be consolidated into Alcadon Group as of the Acquisition Date, which is scheduled for 17 August 2022.
Alcadon Group AB (publ) (OM:ALCA) completed the acquisition of Networks Centre Holding Company Limited on August 17, 2022. Announcement • Aug 13
Alcadon Group AB (publ) to Report Q3, 2022 Results on Oct 28, 2022 Alcadon Group AB (publ) announced that they will report Q3, 2022 results at 8:00 AM, Central European Standard Time on Oct 28, 2022 Reported Earnings • Aug 12
Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2022 results: EPS: kr0.40 (down from kr0.70 in 2Q 2021). Revenue: kr216.1m (up 22% from 2Q 2021). Net income: kr7.80m (down 38% from 2Q 2021). Profit margin: 3.6% (down from 7.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 44%. Over the next year, revenue is forecast to grow 26%, compared to a 14% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 12
Alcadon Group AB (publ) (OM:ALCA) agreed to acquire Networks Centre Holding Company Limited for £41.5 million. Alcadon Group AB (publ) (OM:ALCA) agreed to acquire Networks Centre Holding Company Limited for £41.5 million on August 10, 2022. Deal will be financed through existing cash in Alcadon and refinancing of existing loans of £10.5 million together with a new bank loan of £20.3 million with a term of 3+1 years. Following the acquisition, the current Group Managing Director, Duncan Lindsay, will assume the role of Senior Vice President UK within Alcadon Group, where he will also be part of Alcadon Group's management team. The current Sales Director, James Reid, will take over the responsibility as Managing Director of the Networks Centre Group. Networks Centre will remain an independent company within Alcadon Group in line with Alcadon's strategy of working with decentralized profit centers. NWC reported per end of June revenues of £42.6 million with an underlying EBITDA of £3.6 million for the last twelve months. NWC will be consolidated into Alcadon Group as of the Acquisition Date, which is scheduled for 17 August 2022. Major Estimate Revision • Jul 21
Consensus EPS estimates fall by 26% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from kr1.05b to kr952.0m. EPS estimate also fell from kr3.91 per share to kr2.91 per share. Net income forecast to grow 32% next year vs 32% growth forecast for Electronic industry in Sweden. Consensus price target of kr105 unchanged from last update. Share price was steady at kr72.90 over the past week. Recent Insider Transactions • May 18
Director recently bought kr68k worth of stock On the 12th of May, Marie Ygge bought around 1k shares on-market at roughly kr67.69 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr101k. Despite this recent purchase, insiders have collectively sold kr6.4m more in shares than they bought in the last 12 months. Board Change • Apr 27
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. 4 non-independent directors. Director Lars Engstrom was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 18
Upcoming dividend of kr0.50 per share Eligible shareholders must have bought the stock before 25 April 2022. Payment date: 29 April 2022. Trailing yield: 0.6%. Lower than top quartile of Swedish dividend payers (4.8%). Lower than average of industry peers (0.9%). Recent Insider Transactions • Mar 09
CEO & President recently bought kr101k worth of stock On the 4th of March, Sonny Mirborn bought around 1k shares on-market at roughly kr69.20 per share. This was the largest purchase by an insider in the last 3 months. Sonny has been a buyer over the last 12 months, purchasing a net total of kr315k worth in shares. Reported Earnings • Feb 24
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: kr2.63 (up from kr1.72 in FY 2020). Revenue: kr736.5m (up 57% from FY 2020). Net income: kr47.1m (up 62% from FY 2020). Profit margin: 6.4% (up from 6.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.8%. Over the next year, revenue is forecast to grow 47%, compared to a 16% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment deteriorated over the past week After last week's 17% share price decline to kr78.00, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Electronic industry in Sweden. Total returns to shareholders of 192% over the past three years. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr103, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 22x in the Electronic industry in Sweden. Total returns to shareholders of 255% over the past three years. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improved over the past week After last week's 18% share price gain to kr107, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 21x in the Electronic industry in Sweden. Total returns to shareholders of 261% over the past three years. Announcement • Dec 08
Alcadon Group AB (publ) (OM:ALCA) acquired 80% stake in 6X International BV for €0.81 million. Alcadon Group AB (publ) (OM:ALCA) acquired 80% stake in 6X International BV for €0.81 million on December 7, 2021. Under the terms, Alcadon will pay €0.61 million in cash and earnout of €0.2 million in cash depending on the development of the gross profit in 6X International over the next 36 months. The consideration is financed through existing cash. The transaction include a call/put option for the remaining 20% stake that can be exercised from 2024-2028. 6X International will be consolidated in Alcadon. Post acquisition, Alcadon hold 80% and Helkon BV hold 20% in 6X International. The acquisition has a limited effect on Alcadon's Cash Earnings per Share.
Alcadon Group AB (publ) (OM:ALCA) completed the acquisition of 80% stake in 6X International BV on December 7, 2021.