Duyuru • Feb 17
Ratos AB (publ) announces Annual dividend, payable on April 01, 2026 Ratos AB (publ) announced Annual dividend of SEK 1.4000 per share payable on April 01, 2026, ex-date on March 26, 2026 and record date on March 27, 2026. Duyuru • Feb 16
Baneservice AS agreed to acquire 94% stake in Expin Group AB from Ratos AB (publ) (OM:RATO B). Baneservice AS agreed to acquire 94% stake in Expin Group AB from Ratos AB (publ) (OM:RATO B) on February 16, 2026. The transactions are subject to customary regulatory approvals and are expected to be completed in the second quarter of 2026. Duyuru • Dec 15
Ratos AB (publ) to Report Q1, 2026 Results on May 04, 2026 Ratos AB (publ) announced that they will report Q1, 2026 results on May 04, 2026 Duyuru • Oct 21
Ratos AB (publ) to Report Fiscal Year 2025 Results on Feb 16, 2026 Ratos AB (publ) announced that they will report fiscal year 2025 results on Feb 16, 2026 Duyuru • Sep 26
Ratos AB (publ), Annual General Meeting, Mar 25, 2026 Ratos AB (publ), Annual General Meeting, Mar 25, 2026. Duyuru • Mar 20
Nalka Invest AB entered into an agreement to acquire Airteam A/S from Ratos AB (publ) (OM:RATO B) for SEK 1.7 billion. Nalka Invest AB entered into an agreement to acquire Airteam A/S from Ratos AB (publ) (OM:RATO B) for SEK 1.7 billion on March 18, 2025. As part of the acquisition, Nalka Invest AB will acquire 100% shares in Airteam A/S. Ratos AB will receive SEK 1.2 billion for its 70% stake in Airteam A/S. The transaction reflects TEV/EBITDA multiple of 10x. For the period ending December 31, 2024, Airteam A/S reported total revenue of SEK 1.7 billion and EBITDA of SEK 160 million. The transaction is subject to customary regulatory approval and is expected to be completed in the second quarter of 2025. Carnegie Investment Bank AB acted as exclusive financial advisor to Ratos AB. Duyuru • Feb 18
Ratos AB (publ), Annual General Meeting, Mar 26, 2025 Ratos AB (publ), Annual General Meeting, Mar 26, 2025. Location: at the grand hotel, spegelsalen entrance, studio stockholm, stockholm Sweden Duyuru • Feb 17
Ratos AB (Publ) Proposes Dividend on Class A and Class B Shares for Financial Year 2024, Payable on 2 April 2025 Ratos AB (publ) announced the Board has proposed an ordinary dividend for the 2024 financial year of SEK 1.35 (1.25) per Class A and Class B share. The record date for the dividend is proposed as 28 March 2025 and dividends are expected to be paid from Euroclear Sweden on 2 April 2025. Duyuru • Jan 13
Ratos AB (publ) Announces CFO Changes, Effective from May 2025 Ratos AB (publ) appointed Anna Vilogorac as the new CFO of Ratos and will assume her new position during May 2025. Ratos’s current CFO, Jonas Ågrup, will be retiring. Anna Vilogorac served most recently as CFO of Triton company Nuent Group AB. Before that she held a variety of senior positions within finance, investor relations and strategy, including at Sandvik Group where she served as CFO of the Sandvik Rock Processing Solutions business area as well as Group Investor Relations Manager, Head of Group Business Control and Strategy Manager. She also worked for several years as a strategy consultant at KPMG and PwC. To ensure a smooth transition, Jonas Ågrup will remain in his current role until Anna Vilogorac is in place. Duyuru • Nov 08
Ratos AB (publ) (OM:RATO B) acquired an additional 24% stake in Presis Infra AS from KB Gruppen AS. Ratos AB (publ) (OM:RATO B) acquired an additional 24% stake in Presis Infra AS from KB Gruppen AS for NOK 895 million on November 6, 2024. With this transaction, Ratos has strengthened its holding from 72 to 97% stake. The remaining minority share is held by company management. Presis Infra has reported Net sales amounts to NOK 3,437 million for LTM as of the end of the third quarter of 2024.
Ratos AB (publ) (OM:RATO B) completed the acquisition of an additional 24% stake in Presis Infra AS from KB Gruppen AS on November 6, 2024. Reported Earnings • Oct 22
Third quarter 2024 earnings released: kr0.45 loss per share (vs kr0.57 profit in 3Q 2023) Third quarter 2024 results: kr0.45 loss per share (down from kr0.57 profit in 3Q 2023). Revenue: kr7.49b (down 6.0% from 3Q 2023). Net loss: kr146.0m (down 179% from profit in 3Q 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Duyuru • Oct 22
Ratos AB (publ) to Report Fiscal Year 2024 Results on Feb 17, 2025 Ratos AB (publ) announced that they will report fiscal year 2024 results on Feb 17, 2025 Reported Earnings • Jul 19
Second quarter 2024 earnings released: EPS: kr1.86 (vs kr1.80 in 2Q 2023) Second quarter 2024 results: EPS: kr1.86 (up from kr1.80 in 2Q 2023). Revenue: kr9.11b (down 8.9% from 2Q 2023). Net income: kr608.0m (up 3.8% from 2Q 2023). Profit margin: 6.7% (up from 5.9% in 2Q 2023). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 02
Now 21% undervalued Over the last 90 days, the stock has risen 4.4% to €3.15. The fair value is estimated to be €4.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 5.0% in 2 years. Earnings are forecast to decline by 6.2% in the next 2 years. Buy Or Sell Opportunity • Jun 25
Now 20% undervalued Over the last 90 days, the stock has risen 14% to €3.36. The fair value is estimated to be €4.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 5.5% in 2 years. Earnings are forecast to decline by 5.7% in the next 2 years. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: kr0.06 (vs kr0.086 loss in 1Q 2023) First quarter 2024 results: EPS: kr0.06 (up from kr0.086 loss in 1Q 2023). Revenue: kr7.86b (flat on 1Q 2023). Net income: kr21.0m (up kr49.0m from 1Q 2023). Profit margin: 0.3% (up from net loss in 1Q 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 20
Upcoming dividend of kr1.25 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 04 April 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (5.0%). Higher than average of industry peers (2.9%). Reported Earnings • Mar 11
Full year 2023 earnings released: EPS: kr3.74 (vs kr1.69 in FY 2022) Full year 2023 results: EPS: kr3.74 (up from kr1.69 in FY 2022). Revenue: kr33.7b (up 13% from FY 2022). Net income: kr1.22b (up 122% from FY 2022). Profit margin: 3.6% (up from 1.8% in FY 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Declared Dividend • Mar 04
Dividend of kr1.25 announced Shareholders will receive a dividend of kr1.25. Ex-date: 27th March 2024 Payment date: 4th April 2024 Dividend yield will be 41%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Feb 22
Ratos AB (publ) Proposes Dividend for Class A and Class B Share, Payable on April 4, 2024 The Board proposed a dividend for 2023 of SEK 1.25 per Class A share and 1.25 per Class B share. The proposed record date for the dividend is March 28, 2024 and payments from Euroclear Sweden AB are expected to be made on April 4, 2024. Buy Or Sell Opportunity • Feb 15
Now 20% undervalued Over the last 90 days, the stock has risen 12% to €3.12. The fair value is estimated to be €3.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period. Reported Earnings • Feb 14
Full year 2023 earnings released: EPS: kr3.73 (vs kr1.69 in FY 2022) Full year 2023 results: EPS: kr3.73 (up from kr1.69 in FY 2022). Revenue: kr34.0b (up 14% from FY 2022). Net income: kr1.22b (up 122% from FY 2022). Profit margin: 3.6% (up from 1.8% in FY 2022). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Duyuru • Jan 22
Ratos AB (publ) Proposes Dividend for Full-Year 2023 The Board of Ratos AB (publ) proposed a dividend for full-year 2023 of SEK 1.25 per share (0.84). Buying Opportunity • Jan 12
Now 21% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be €3.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 9.3% in 2 years. Earnings is forecast to grow by 91% in the next 2 years. Recent Insider Transactions • Nov 19
Insider recently sold €411k worth of stock On the 14th of November, Christian Gebauer sold around 150k shares on-market at roughly €2.74 per share. This transaction amounted to 13% 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 €492k more than they bought in the last 12 months. Duyuru • Nov 09
Ratos AB (Publ) Announces Executive Changes Ratos AB (publ) announced the appointment of Robert Röder as CEO. Robert Röder has worked in rail infrastructure for his entire working life and has spent the last 25 years in senior roles. He most recently served as CEO of NRC Group Sverige, where his task was to consolidate and integrate several companies after acquisitions and to further develop the company, which he did with great success. Before this, he held several leading positions at Strukton Rail, including COO, CEO and Board member. David Skalin and Daniel Skalin, who founded NVBS, will serve in other operative roles and as Board members of Expin Group. Buying Opportunity • Nov 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.3%. The fair value is estimated to be €3.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 9.3% in 2 years. Earnings is forecast to grow by 91% in the next 2 years. New Risk • Oct 24
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.6x 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 (2.6x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.1% net profit margin). Duyuru • Oct 23
Ratos AB (publ) to Report Fiscal Year 2023 Results on Feb 12, 2024 Ratos AB (publ) announced that they will report fiscal year 2023 results on Feb 12, 2024 Duyuru • Sep 14
Ratos AB (Publ) Announces Nomination Committee Ratos AB (publ) announced that the company's major owners/owner constellations have appointed a Nomination Committee with the Chairman of the Board Per-Olof Söderberg as the convener. The Nomination Committee comprises the following individuals: Jenny Parnesten, nominated by the Ragnar Söderberg Foundation, and own and related parties' holdings; Jan Söderberg, own holdings; Maria Söderberg, nominated by the Torsten Söderberg Foundation, and own holdings; Erik Brändström, nominated by Spiltan Fonder; Katarina Hammar, nominated by Nordea Funds; Per-Olof Söderberg, Chairman of Ratos's Board; The Nomination Committee has nominated Jenny Parnesten as Chairman. Duyuru • Sep 13
Ratos AB (publ), Annual General Meeting, Mar 26, 2024 Ratos AB (publ), Annual General Meeting, Mar 26, 2024. Location: Grand Hôtel, Studio Stockholm Sweden Stockholm Sweden Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €3.10, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Capital Markets industry in Germany. Total returns to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.81 per share. New Risk • Jul 20
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 70% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (70% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jul 20
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr10.0b (up 19% from 2Q 2022). Net income: kr586.0m (down 2.0% from 2Q 2022). Profit margin: 5.8% (down from 7.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 28
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr7.85b (up 26% from 1Q 2022). Net loss: kr28.0m (loss narrowed 87% from 1Q 2022). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 24
Non-Independent Chairman recently bought €215k worth of stock On the 17th of March, Per-Olof Soderberg bought around 80k shares on-market at roughly €2.68 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Per-Olof has been a buyer over the last 12 months, purchasing a net total of €10.0m worth in shares. Upcoming Dividend • Mar 22
Upcoming dividend of kr0.84 per share at 2.7% yield Eligible shareholders must have bought the stock before 29 March 2023. Payment date: 04 April 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.3%). Recent Insider Transactions • Mar 10
CEO, President & Director recently bought €89k worth of stock On the 7th of March, Jonas Wistrom bought around 30k shares on-market at roughly €2.96 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Jonas has been a net seller over the last 12 months, reducing personal holdings by €526k. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €3.00, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Capital Markets industry in Germany. Total returns to shareholders of 2.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.73 per share. Reported Earnings • Feb 14
Full year 2022 earnings released: EPS: kr1.68 (vs kr2.86 in FY 2021) Full year 2022 results: EPS: kr1.68 (down from kr2.86 in FY 2021). Revenue: kr30.0b (up 33% from FY 2021). Net income: kr548.0m (down 41% from FY 2021). Profit margin: 1.8% (down from 4.1% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 13
Ratos AB (publ) Proposes Dividend for Full Year 2022 The Board of Ratos AB (publ) proposed a dividend for full-year 2022 of SEK 0.84 per share (1.20). Duyuru • Dec 20
Ratos AB (publ) to Report Fiscal Year 2022 Results on Mar 07, 2023 Ratos AB (publ) announced that they will report fiscal year 2022 results on Mar 07, 2023 Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Ulla Litzen was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Nov 16
Ratos Announces Resignation of Joakim Twetman as President, Business Area Industry Ratos announced resignation of Joakim Twetman, President, Business Area Industry. The change will be effective, 15 November 2022. Duyuru • Oct 26
Ratos AB (Publ) Announces Resignation of Helena Svancars from Board of Directors Ratos AB (publ) announced that in order to avoid conflicts of interest in the future because of Helena Svancars change of employer, she resigns from Ratos Board of Directors. She resigns on 26 October 2022. Reported Earnings • Oct 25
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr7.09b (up 32% from 3Q 2021). Net income: kr200.0m (up kr187.0m from 3Q 2021). Profit margin: 2.8% (up from 0.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Capital Markets industry in Germany. Duyuru • Oct 25
Ratos AB (publ) to Report Fiscal Year 2022 Results on Feb 13, 2023 Ratos AB (publ) announced that they will report fiscal year 2022 results on Feb 13, 2023 Recent Insider Transactions • Jun 24
Chairman of the Board recently bought €3.6m worth of stock On the 17th of June, Per-Olof Soderberg bought around 811k shares on-market at roughly €4.39 per share. In the last 3 months, they made an even bigger purchase worth €4.0m. Per-Olof has been a buyer over the last 12 months, purchasing a net total of €13m worth in shares. Duyuru • Jun 18
Ratos AB (publ) (OM:RATO B) signed an agreement to acquire a 70% stake in Knightec Aktiebolag. Ratos AB (publ) (OM:RATO B) signed an agreement to acquire a 70% stake in Knightec Aktiebolag on June 16, 2022. The transaction is taking place at an enterprise value of SEK 1.6 billion. The deal was financed with Ratos’s own funds and bank financing. Over the past 12 months, Knightec had sales of SEK 941 million, with adjusted EBITA of SEK 140m. The acquisition of Knightec is conditional on customary competition clearance. Carnegie acted as sole financial adviser to the owners of Knightec in connection with the transaction. Recent Insider Transactions • May 06
Deputy Chairman recently bought €955k worth of stock On the 3rd of May, Jan Soderberg bought around 200k shares on-market at roughly €4.77 per share. In the last 3 months, there was an even bigger purchase from another insider worth €5.0m. Jan has been a buyer over the last 12 months, purchasing a net total of €1.6m worth in shares. Reported Earnings • May 03
First quarter 2022 earnings released First quarter 2022 results: Revenue: kr6.26b (up 41% from 1Q 2021). Net loss: kr215.0m (loss widened kr214.0m from 1Q 2021). Over the next year, revenue is forecast to grow 21% compared to a 7.5% decline forecast for the industry in Germany. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Ulla Litzen was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improved over the past week After last week's 15% share price gain to €4.99, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Capital Markets industry in Germany. Total returns to shareholders of 196% over the past three years. Upcoming Dividend • Mar 16
Upcoming dividend of kr1.20 per share Eligible shareholders must have bought the stock before 23 March 2022. Payment date: 29 March 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (3.6%). In line with average of industry peers (2.6%). Recent Insider Transactions • Feb 19
Chairman of the Board recently bought €5.0m worth of stock On the 15th of February, Per-Olof Soderberg bought around 1m shares on-market at roughly €5.02 per share. This was the largest purchase by an insider in the last 3 months. Per-Olof has been a buyer over the last 12 months, purchasing a net total of €5.6m worth in shares. Reported Earnings • Feb 17
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: kr2.86 (up from kr1.33 in FY 2020). Revenue: kr22.6b (up 7.7% from FY 2020). Net income: kr922.0m (up 118% from FY 2020). Profit margin: 4.1% (up from 2.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.0%. Over the next year, revenue is forecast to grow 10% compared to a 5.5% decline forecast for the funds industry in Germany. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 15
Ratos AB (Publ) Proposes Dividend for the Full Year of 2021, Payable on March 29, 2022 The Board of Ratos AB (publ) proposes a dividend for full-year 2021 of SEK 1.20 per Class A and Class B share (SEK 0.95). The record date for the dividend is proposed as 24 March 2022 and dividends are expected to be paid from Euroclear Sweden on 29 March 2022. Duyuru • Feb 08
Ratos AB (publ) Announces Declines Re-Election of Eva Karlsson Ratos AB (publ) announced Eva Karlsson has declined re-election at 2022 Annual General Meeting. Duyuru • Dec 19
Ratos AB (publ) (OM:RATO B) and KB Gruppen AS completed the acquisition of Presis Infra As from KB Gruppen AS and others. Ratos AB (publ) (OM:RATO B) and KB Gruppen AS signed an agreement to acquire Presis Infra As from KB Gruppen AS and others for an enterprise value of NOK 2.6 billion on November 18, 2021. As part of the transaction, the current majority owner, KB Gruppen is re-investing with a holding of 25% and Ratos AB will acquire 75% in Presis Infra. The acquisition will be financed with Ratos’s own funds and bank financing. For the 12-month period ending September 2021, Presis Infra had sales of NOK 1.7 billion. The acquisition is conditional on the customary competition clearance, is expected to be completed in December 2021. Sigurd Opedal of Wikborg Rein & Co. acted as a legal advisor to Ratos AB (publ) (OM:RATO B). Margaret Solberg, Ole-Andreas Torgersen and lead partner Ingar Solheim leads Selmer acted as legal advisor Vent Invest AS (which is controlled by KB Gruppen AS).
Ratos AB (publ) (OM:RATO B) and KB Gruppen AS completed the acquisition of Presis Infra As from KB Gruppen AS and others on December 18, 2021. Reported Earnings • Oct 27
Third quarter 2021 earnings released The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr5.39b (down 5.9% from 3Q 2020). Net income: kr13.0m (down 87% from 3Q 2020). Profit margin: 0.2% (down from 1.7% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Oct 27
Chairman of the Board recently bought €503k worth of stock On the 25th of October, Per-Olof Soderberg bought around 100k shares on-market at roughly €5.03 per share. This was the largest purchase by an insider in the last 3 months. Per-Olof has been a buyer over the last 12 months, purchasing a net total of €599k worth in shares. Recent Insider Transactions • Aug 13
CEO, President & Director recently sold €400k worth of stock On the 10th of August, Jonas Wistrom sold around 70k shares on-market at roughly €5.71 per share. This was the largest sale by an insider in the last 3 months. Jonas has been a seller over the last 12 months, reducing personal holdings by €247k. Reported Earnings • Jul 18
Second quarter 2021 earnings released: EPS kr1.86 (vs kr1.74 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: kr6.99b (up 7.2% from 2Q 2020). Net income: kr602.0m (up 8.5% from 2Q 2020). Profit margin: 8.6% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 25
Chairman of the Board recently bought €95k worth of stock On the 22nd of March, Per-Olof Soderberg bought around 21k shares on-market at roughly €4.48 per share. This was the largest purchase by an insider in the last 3 months. Per-Olof has been a buyer over the last 12 months, purchasing a net total of €188k worth in shares. Is New 90 Day High Low • Mar 10
New 90-day high: €4.52 The company is up 21% from its price of €3.74 on 09 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 12% over the same period. Upcoming Dividend • Mar 04
Upcoming Dividend of kr0.95 Per Share Will be paid on the 17th of March to those who are registered shareholders by the 11th of March. The trailing yield of 2.1% is below the top quartile of German dividend payers (3.5%), but is in line with industry peers (2.1%). Reported Earnings • Feb 11
Full year 2020 earnings released: EPS kr1.33 (vs kr2.11 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: kr20.9b (down 16% from FY 2019). Net income: kr424.0m (down 37% from FY 2019). Profit margin: 2.0% (down from 2.7% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 28
New 90-day high: €3.92 The company is up 32% from its price of €2.98 on 30 October 2020. The German market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 29
New 90-day high: €3.80 The company is up 25% from its price of €3.05 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: €3.77 The company is up 19% from its price of €3.16 on 10 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 4.0% over the same period. Is New 90 Day High Low • Nov 11
New 90-day high: €3.48 The company is up 9.0% from its price of €3.18 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 3.0% over the same period. Reported Earnings • Oct 25
Third quarter earnings released Over the last 12 months the company has reported total profits of kr508.0m, with earnings increasing by kr447.3m from the prior year. Total revenue was kr25.0b over the last 12 months, largely unchanged from the prior year. 
