Duyuru • Dec 24
BEWI ASA Appoints Christian Begby as Director, Effective December 22, 2025 BEWI ASA held an extraordinary general meeting on December 22, 2025. The meeting elected Christian Begby as new director of the board of directors. Duyuru • Dec 12
BEWI ASA, Annual General Meeting, May 28, 2026 BEWI ASA, Annual General Meeting, May 28, 2026. Duyuru • Dec 17
BEWi ASA, Annual General Meeting, May 21, 2025 BEWi ASA, Annual General Meeting, May 21, 2025. Recent Insider Transactions • Nov 17
Director recently bought €1.2m worth of stock On the 14th of November, Andreas Akselsen bought around 600k shares on-market at roughly €1.94 per share. This transaction increased Andreas' direct individual holding by 67x 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. Reported Earnings • Nov 08
Third quarter 2024 earnings released: €0.043 loss per share (vs €0.045 loss in 3Q 2023) Third quarter 2024 results: €0.043 loss per share (improved from €0.045 loss in 3Q 2023). Revenue: €252.1m (down 5.4% from 3Q 2023). Net loss: €8.30m (loss narrowed 4.6% from 3Q 2023). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Sep 03
Director recently bought €718k worth of stock On the 30th of August, Andreas Akselsen bought around 300k shares on-market at roughly €2.39 per share. This transaction increased Andreas' direct individual holding by 33x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €754k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 22
Second quarter 2024 earnings released: EPS: €0.002 (vs €0.009 in 2Q 2023) Second quarter 2024 results: EPS: €0.002 (down from €0.009 in 2Q 2023). Revenue: €284.8m (down 1.7% from 2Q 2023). Net income: €300.0k (down 82% from 2Q 2023). Profit margin: 0.1% (down from 0.6% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Duyuru • Jun 06
BEWi ASA Approves the Appointment of Members of Nomination Committee BEWi ASA at its annual general meeting held on June 4, 2024, approved the appointment of members of the Company's nomination committee for the period up to the annual general meeting in 2026: André Michaelsen, chair; Rune Juliussen, member; Marianne Bekken, member and Svein Jensen, member. Reported Earnings • May 19
First quarter 2024 earnings released: €0.047 loss per share (vs €0.007 loss in 1Q 2023) First quarter 2024 results: €0.047 loss per share (further deteriorated from €0.007 loss in 1Q 2023). Revenue: €244.0m (down 18% from 1Q 2023). Net loss: €9.10m (loss widened €7.70m from 1Q 2023). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 21
Full year 2023 earnings released: €0.094 loss per share (vs €0.21 profit in FY 2022) Full year 2023 results: €0.094 loss per share (down from €0.21 profit in FY 2022). Revenue: €1.11b (up 5.2% from FY 2022). Net loss: €18.0m (down 152% from profit in FY 2022). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 16
Full year 2023 earnings released: €0.094 loss per share (vs €0.21 profit in FY 2022) Full year 2023 results: €0.094 loss per share (down from €0.21 profit in FY 2022). Revenue: €1.11b (up 5.4% from FY 2022). Net loss: €18.0m (down 152% from profit in FY 2022). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Chemicals industry in Germany. Duyuru • Dec 22
Bewi Announces Launch of New Production Line for Recycling Raw Material BEWI announced the opening of its new production line for expanded polystyrene (EPS) at the company's raw material facility in Etten-Leur in the Netherlands. The new production line, including a extruder, significantly strengthens BEWI's capacity for use of recycled materials, and thereby also the company's commitment to a circular economy. BEWI's new production line has an annual capacity of up to 25,000 tonnes of EPS, and the company intends to double the capacity by 2030. The new line can produce both grey and white EPS, using either virgin or recycled feedstock - or a combination. Grey EPS has approximately 20 per cent better insulation value than white EPS, meaning that a certain insulation value can be achieved by thinner boards. Increasing resource efficiency and circularity for EPS. BEWI's new production line, is handling a material essential in a variety of applications. EPS's role in modern industry is expansive, offering critical solutions for safe packaging, energy-efficient building insulation, and even in the production of durable goods such as car parts and bicycle helmets. Duyuru • Dec 05
An undisclosed buyer acquired 8.4% stake in KMC Properties ASA (OB:KMCP) from BEWi ASA (OB:BEWI). An undisclosed buyer acquired 8.4% stake in KMC Properties ASA (OB:KMCP) from BEWi ASA (OB:BEWI) on December 4, 2023. The deal value is settled in cash. Following the sale, BEWI does not own any shares in KMC Properties ASA.An undisclosed buyer completed the acquisition of 8.4% stake in KMC Properties ASA (OB:KMCP) from BEWi ASA (OB:BEWI) on December 4, 2023. Reported Earnings • Nov 08
Third quarter 2023 earnings released: €0.045 loss per share (vs €0.063 profit in 3Q 2022) Third quarter 2023 results: €0.045 loss per share (down from €0.063 profit in 3Q 2022). Revenue: €266.6m (flat on 3Q 2022). Net loss: €8.70m (down 187% from profit in 3Q 2022). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Chemicals industry in Germany. New Risk • Nov 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 6x earnings per share. Cash payout ratio: 141% Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). New Risk • Aug 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 6x earnings per share. Cash payout ratio: 141% Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Shareholders have been diluted in the past year (22% increase in shares outstanding). New Risk • Aug 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 66% 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: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 6x earnings per share. Cash payout ratio: 141% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Shareholders have been diluted in the past year (22% increase in shares outstanding). Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: €0.009 (vs €0.16 in 2Q 2022) Second quarter 2023 results: EPS: €0.009 (down from €0.16 in 2Q 2022). Revenue: €289.6m (up 4.5% from 2Q 2022). Net income: €1.70m (down 93% from 2Q 2022). Profit margin: 0.6% (down from 8.9% in 2Q 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Chemicals industry in Germany. Reported Earnings • Apr 27
Full year 2022 earnings released: EPS: €0.21 (vs €0.23 in FY 2021) Full year 2022 results: EPS: €0.21 (down from €0.23 in FY 2021). Revenue: €1.05b (up 40% from FY 2021). Net income: €34.4m (down 3.6% from FY 2021). Profit margin: 3.3% (down from 4.8% in FY 2021). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Chemicals industry in Germany. Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: €0.21 (vs €0.23 in FY 2021) Full year 2022 results: EPS: €0.21 (down from €0.23 in FY 2021). Revenue: €1.05b (up 40% from FY 2021). Net income: €34.4m (down 3.6% from FY 2021). Profit margin: 3.3% (down from 4.8% in FY 2021). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Chemicals industry in Germany. Duyuru • Feb 16
BEWI Proposes to Pay Dividend The board of directors of BEWI proposes to the general meeting to pay a dividend of NOK 0.60 per share, in line with the company's dividend policy of 30% to 50% of net profit. The dividends are proposed to be distributed following a sale of the company's real estate portfolio. Buying Opportunity • Dec 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be €5.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 60%. Revenue is forecast to grow by 24% in 2 years. Earnings is forecast to grow by 16% in the next 2 years. Duyuru • Dec 07
BEWi ASA (OB:BEWI) acquired remaining 66% stake in Inoplast s.r.o. BEWi ASA (OB:BEWI) acquired remaining 66% stake in Inoplast s.r.o on December 1, 2022. Inoplast s.r.o. had annual revenues of approximately €6 million in 2021.
BEWi ASA (OB:BEWI) completed the acquisition of remaining 66% stake in Inoplast s.r.o on December 1, 2022. Duyuru • Nov 29
BEWi ASA entered into an agreement to acquire 80% stake in Aislamientos y Envases S.L. BEWi ASA entered into an agreement to acquire 80% stake in Aislamientos y Envases S.L. on November 28, 2022. The consideration will be settled in cash upon closing. The transaction is conditional upon customary conditions. Aislenvas had revenues of approximately €16 million and an EBITDA of €3.5 million for 2021. The transaction is expected to close in fourth quarter of 2022. Buying Opportunity • Nov 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 28%. The fair value is estimated to be €5.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 60%. Revenue is forecast to grow by 23% in 2 years. Earnings is forecast to grow by 15% in the next 2 years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Maria Schauman was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: €0.065 (vs €0.082 in 3Q 2021) Third quarter 2022 results: EPS: €0.065 (down from €0.082 in 3Q 2021). Revenue: €267.5m (up 39% from 3Q 2021). Net income: €10.3m (down 20% from 3Q 2021). Profit margin: 3.9% (down from 6.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Germany are expected to remain flat. Buying Opportunity • Nov 10
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be €5.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 60%. Revenue is forecast to grow by 26% in 2 years. Earnings is forecast to grow by 30% in the next 2 years. Duyuru • Nov 09
Bewi Asa Authorises Dividend Distribution for the Financial Year of 2021, Payable on or About 18 November 2022 BEWI ASA authorised to resolve a dividend distribution of NOK 1.10 per share for the financial year of 2021. Ex-date is 9 November 2022, Record date is 10 November 2022, Payment date is On or about 18 November 2022. Duyuru • Oct 20
BEWi ASA (OB:BEWI) acquired Jackon Holding AS from Haas AS and others for an enterprise value of NOK 3.6 billion. BEWi ASA (OB:BEWI) acquired Jackon Holding AS from Haas AS and others for an enterprise value of NOK 3.6 billion on October 19, 2022. On October 15, 2021, agreement had been signed. As per the terms, consideration will be payable in cash and stock. The cash consideration was financed through cash sources available to BEWI. In 2020, Jackon Holding AS had revenues of NOK 3,150 million and an EBITDA of NOK 362 million. The transaction is subject to shareholders representing at least 50% of the shares in Jackon accepting the offer, satisfactory of due diligence, resolution of the BEWI general meeting to issue the consideration shares, Jackon’s board of directors approval, customary closing conditions, the right of first refusal and regulatory approvals. As of October 3, 2021, HAAS AS represent 50% in Jackon Holding has accepted the offer. HAAS AS has chosen to receive its consideration in the form of new BEWI shares. As of October 15, 2021, BEWI has received acceptances of the offer from shareholders holding the remaining 50% of the shares in Jackon. As of June 30, 2022, The Norwegian Competition Authority has approved the transaction. On July 1, 2022, Finland competition authority has approved the transaction. The transaction is expected to be completed during the first half of 2022. As of October 12, 2022, The transaction has received final approvals from all relevant competition authorities. As partial consideration in the Jackon Transaction, the Company’s board of directors has today resolved to increase the Company’s share capital with NOK 32,070,000 by the issuance of 32,070,000 new shares in the Company to HAAS AS, each with a nominal value of NOK 1, at a subscription price of NOK 45.9925 per share. The share capital increase was resolved pursuant to an authorization to increase the Company’s share capital granted by the extraordinary general meeting on 16 February 2022. As a consequence, thereof all conditions for finalising the acquisition of Jackon is now fulfilled.
Carnegie AS acted as financial advisor to BEWi ASA. Advokatfirmaet Thommessen AS acted as legal advisor to BEWi ASA. Cirio Advokatbyrå Ab acted as legal advisor to BEWi ASA.
BEWi ASA (OB:BEWI) completed acquisition of Jackon Holding AS from Haas AS and others on October 19, 2022. Duyuru • Sep 01
BEWi ASA (OB:BEWI) completed the acquisition of Baltijos polistirenas, UAB for €28.8 million. BEWi ASA (OB:BEWI) entered into an agreement to acquire Baltijos polistirenas, UAB on July 1, 2022. In year 2021, Baltijos polistirenas reported revenues of approximately €31.0 million and an EBITDA of approximately €4.3 million. The agreed consideration is in line with BEWI's historical M&As, i.e., with an EV/ EBITDA multiple in the range of 5 to 7, whereas 50% will be settled in cash and 50% through issuance of consideration shares in BEWI ASA. The closing of the acquisition is conditional upon customary conditions and is expected in the third quarter of 2022.
BEWi ASA (OB:BEWI) completed the acquisition of Baltijos polistirenas, UAB for €28.8 million on August 31, 2022. As per the terms of consideration, 50% has been paid in cash and 50% has been settled by the issuance of 2,238,188 consideration shares in BEWI at a share price of NOK 64.64 per share. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: €0.16 (vs €0.095 in 2Q 2021) Second quarter 2022 results: EPS: €0.16 (up from €0.095 in 2Q 2021). Revenue: €277.0m (up 40% from 2Q 2021). Net income: €24.6m (up 71% from 2Q 2021). Profit margin: 8.9% (up from 7.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 23%, compared to a 2.9% growth forecast for the industry in Germany. Duyuru • Jul 03
BEWi ASA (OB:BEWI) entered into an agreement to acquire Baltijos polistirenas, UAB. BEWi ASA (OB:BEWI) entered into an agreement to acquire Baltijos polistirenas, UAB on July 1, 2022. In year 2021, Baltijos polistirenas reported revenues of approximately EUR 31.0 million and an EBITDA of approximately EUR 4.3 million. The agreed consideration is in line with BEWI's historical M&As, i.e., with an EV/ EBITDA multiple in the range of 5 to 7, whereas 50% will be settled in cash and 50% through issuance of consideration shares in BEWI ASA. The closing of the acquisition is conditional upon customary conditions and is
expected in the third quarter of 2022. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €5.57, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 9x in the Chemicals industry in Germany. Total returns to shareholders of 121% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €9.43 per share. Duyuru • Jun 11
BEWi ASA (OB:BEWI) acquired Berga Recycling Inc. BEWi ASA (OB:BEWI) acquired Berga Recycling Inc. on June 10, 2022. The consideration for 100 percent of the shares of Berga Recycling Inc. will be settled in cash. The consideration is just above BEWI's historical M&A range of an EV/ EBITDA multiple of 5 to 7. For 2021, Berga had sales revenues of approximately CAD 43 million, with an EBITDA margin of approximately 10 percent. The company has shown a sustained profitable growth of more than 20 per cent the last three years.
BEWi ASA (OB:BEWI) completed the acquisition of Berga Recycling Inc. on June 10, 2022. Upcoming Dividend • May 27
Upcoming dividend of kr1.10 per share Eligible shareholders must have bought the stock before 03 June 2022. Payment date: 14 June 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (5.1%). Duyuru • May 26
BEWi ASA (OB:BEWI) acquired remaining 49% stake in Bewi Cellpack A/S from Thomas J. Bladt on May 25, 2022. BEWi ASA (OB:BEWI) acquired remaining 49% stake in Bewi Cellpack A/S from Thomas J. Bladt on May 25, 2022. Thomas J. Bladt will continue as managing director.
BEWi ASA (OB:BEWI) completed the acquisition of remaining 49% stake in Bewi Cellpack A/S from Thomas J. Bladt on May 25, 2022. Duyuru • May 20
BEWi ASA (OB: BEWI) acquired an additional 51% stake in Jablite Ltd. for £10 million. BEWi ASA (OB: BEWI) acquired an additional 51% stake in Jablite Ltd for £10 million on May 18, 2022. Jablite Group has an annual turnover of approximately £40 million.
BEWi ASA (OB:BEWI) completed the acquisition of an additional 51% stake in Jablite Ltd on May 18, 2022. Duyuru • May 19
BEWi ASA (OB:BEWI) acquired remaining 51% stake in Jablite Group for approximately £10 million. BEWi ASA (OB:BEWI) acquired remaining 51% stake in Jablite Group for approximately £10 million on May 18, 2022. The current management of Jablite, including managing director Richard Lee and finance director John Cooper will continue in their roles going forward. Rik Dobbelaere, previous CEO of Synbra Holding and BEWiSynbra Group, and director of the board of BEWI ASA, has been director of the board of Jablite since BEWI's acquisition of the 49 per cent stake in 2020. The annual turnover of Jablite Group was approximately £40 million.
BEWi ASA (OB:BEWI) completed the acquisition of remaining 51% stake in Jablite Group on May 18, 2022. Reported Earnings • Apr 29
Full year 2021 earnings released: EPS: €0.23 (vs €0.21 in FY 2020) Full year 2021 results: EPS: €0.23 (up from €0.21 in FY 2020). Revenue: €748.2m (up 62% from FY 2020). Net income: €35.7m (up 19% from FY 2020). Profit margin: 4.8% (down from 6.5% in FY 2020). Over the next year, revenue is forecast to grow 35%, compared to a 10% growth forecast for the industry in Germany. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Maria Schauman was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 09
Chief Operating Officer recently sold €311k worth of stock On the 2nd of March, Jonas Siljeskar sold around 50k shares on-market at roughly €6.22 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 €238k. Reported Earnings • Feb 25
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €0.23 (up from €0.21 in FY 2020). Revenue: €748.2m (up 62% from FY 2020). Net income: €35.7m (up 19% from FY 2020). Profit margin: 4.8% (down from 6.5% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.9%. Over the next year, revenue is forecast to grow 51%, compared to a 6.7% growth forecast for the industry in Germany. Buying Opportunity • Feb 25
Now 25% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be €8.64, 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% per annum over the last 3 years. Earnings per share has grown by 76% per annum over the last 3 years. Duyuru • Feb 24
BEWi ASA Proposes Dividend for the Financial Year of 2021 BEWi ASA proposed to the general meeting to pay a dividend of NOK 1.10 per share for the financial year of 2021. The proposal is line with the company’s dividend policy to pay out 30 to 50% of net profit. Buying Opportunity • Jan 20
Now 20% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be €8.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% per annum over the last 3 years. Earnings per share has grown by 86% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improved over the past week After last week's 16% share price gain to €6.90, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 10x in the Chemicals industry in Germany. Duyuru • Nov 25
BEWi ASA (OB:BEWI) completed the acquisition of Kemisol Group from a family. BEWi ASA (OB:BEWI) agreed to acquire Kemisol Group from a family on October 29, 2021. BEWI will pay the consideration for the shares in cash through available sources. Kemisol reported revenue of €24.7 million and EBIDTA of €4.5 million as of December 31, 2020. Closing of the acquisition is conditional upon customary conditions specified in agreement and is expected in November 2021. Kemisol’s financials will be consolidated into BEWI’s accounts from 1 December 2021.
BEWi ASA (OB:BEWI) completed the acquisition of Kemisol Group from a family on November 24, 2021. Reported Earnings • Nov 04
Third quarter 2021 earnings released: EPS €0.082 (vs €0.04 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €193.0m (up 58% from 3Q 2020). Net income: €12.8m (up 125% from 3Q 2020). Profit margin: 6.6% (up from 4.7% in 3Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improved over the past week After last week's 18% share price gain to €6.36, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 11x in the Chemicals industry in Germany. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 17% share price gain to €4.54, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Chemicals industry in Germany. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improved over the past week After last week's 18% share price gain to €3.23, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Chemicals industry in Germany. Recent Insider Transactions • Aug 14
Chief Operating Officer recently bought €72k worth of stock On the 12th of August, Jonas Siljeskar bought around 24k shares on-market at roughly €2.97 per share. This was the largest purchase by an insider in the last 3 months. This was Jonas' only on-market trade for the last 12 months. Reported Earnings • Aug 12
Second quarter 2021 earnings released The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: €198.1m (up 92% from 2Q 2020). Net income: €14.4m (up 71% from 2Q 2020). Profit margin: 7.3% (down from 8.2% in 2Q 2020). Reported Earnings • May 22
First quarter 2021 earnings released The company reported a mediocre first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: €148.9m (up 45% from 1Q 2020). Net loss: €1.10m (down 148% from profit in 1Q 2020). Reported Earnings • Apr 24
Full year 2020 earnings released: EPS €0.21 (vs €0.04 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €462.6m (up 7.6% from FY 2019). Net income: €30.1m (up 438% from FY 2019). Profit margin: 6.5% (up from 1.3% in FY 2019).