Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent President of the board Ann-Marie Astrom was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • May 19
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 34% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (34% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 8x cash flows per share). Market cap is less than US$100m (kr575.5m market cap, or US$61.2m). Recent Insider Transactions • Mar 22
Director recently bought kr327k worth of stock On the 19th of March, Rickard Bergengren bought around 7k shares on-market at roughly kr46.74 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr2.7m more in shares than they have sold in the last 12 months. New Risk • Feb 21
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (kr514.7m market cap, or US$56.9m). Reported Earnings • Feb 20
Full year 2025 earnings released Full year 2025 results: Revenue: kr522.0m (down 9.4% from FY 2024). Net income: kr50.4m (up kr96.8m from FY 2024). Profit margin: 9.7% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jan 16
Director recently bought kr323k worth of stock On the 13th of January, Rickard Bergengren bought around 7k shares on-market at roughly kr46.60 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr4.0m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to kr48.30, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 24x in the Machinery industry in Sweden. Total returns to shareholders of 85% over the past three years. Reported Earnings • Nov 13
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: kr120.6m (down 19% from 3Q 2024). Net loss: kr23.1m (down kr25.2m from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 17
Upcoming dividend of kr7.00 per share Eligible shareholders must have bought the stock before 24 September 2025. Payment date: 30 September 2025. The company last paid an ordinary dividend in February 2015. The average dividend yield among industry peers is 3.1%. Recent Insider Transactions • Jul 20
Director recently bought kr1.0m worth of stock On the 17th of July, Rickard Bergengren bought around 25k shares on-market at roughly kr40.50 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr1.0m. Insiders have collectively bought kr8.8m more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 18
Director recently bought kr1.0m worth of stock On the 13th of May, Richard Bergengren bought around 25k shares on-market at roughly kr41.90 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr7.8m more in shares than they have sold in the last 12 months. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: kr0.42 (vs kr1.00 loss in 1Q 2024) First quarter 2025 results: EPS: kr0.42 (up from kr1.00 loss in 1Q 2024). Revenue: kr122.7m (down 11% from 1Q 2024). Net income: kr4.90m (up kr16.6m from 1Q 2024). Profit margin: 4.0% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Duyuru • Apr 10
Concejo AB (publ), Annual General Meeting, May 13, 2025 Concejo AB (publ), Annual General Meeting, May 13, 2025. Location: clarion collection hotel tapetfabriken, marcusplatsen 9,131 54, nacka Kazakhstan Recent Insider Transactions • Feb 21
Director recently bought kr1.6m worth of stock On the 18th of February, Richard Bergengren bought around 40k shares on-market at roughly kr39.67 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr8.7m more in shares than they have sold in the last 12 months. Reported Earnings • Feb 19
Full year 2024 earnings released: kr3.97 loss per share (vs kr1.39 profit in FY 2023) Full year 2024 results: kr3.97 loss per share (down from kr1.39 profit in FY 2023). Revenue: kr576.3m (up 7.7% from FY 2023). Net loss: kr46.4m (down 385% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Dec 18
Director recently bought kr208k worth of stock On the 16th of December, Richard Bergengren bought around 5k shares on-market at roughly kr41.53 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr674k. Insiders have collectively bought kr7.1m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 24
Director recently bought kr480k worth of stock On the 21st of November, Richard Bergengren bought around 12k shares on-market at roughly kr40.01 per share. This transaction amounted to 7.5% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr964k. Insiders have collectively bought kr7.0m more in shares than they have sold in the last 12 months. Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: kr0.18 (vs kr0.24 loss in 3Q 2023) Third quarter 2024 results: EPS: kr0.18 (up from kr0.24 loss in 3Q 2023). Revenue: kr149.6m (up 8.9% from 3Q 2023). Net income: kr2.10m (up kr4.90m from 3Q 2023). Profit margin: 1.4% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Oct 04
Director recently bought kr674k worth of stock On the 2nd of October, Richard Bergengren bought around 15k shares on-market at roughly kr44.92 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr1.5m. Insiders have collectively bought kr6.6m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Sep 26
Director recently bought kr453k worth of stock On the 19th of September, Richard Bergengren bought around 10k shares on-market at roughly kr45.29 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr1.5m. Insiders have collectively bought kr5.9m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Sep 02
Director recently bought kr714k worth of stock On the 30th of August, Richard Bergengren bought around 15k shares on-market at roughly kr47.82 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr1.5m. Insiders have collectively bought kr4.5m more in shares than they have sold in the last 12 months. Reported Earnings • Aug 28
Second quarter 2024 earnings released: kr0.48 loss per share (vs kr0.73 profit in 2Q 2023) Second quarter 2024 results: kr0.48 loss per share (down from kr0.73 profit in 2Q 2023). Revenue: kr128.9m (down 1.2% from 2Q 2023). Net loss: kr5.60m (down 166% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jul 26
Director recently bought kr1.5m worth of stock On the 24th of July, Richard Bergengren bought around 31k shares on-market at roughly kr49.54 per share. This transaction amounted to 45% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr3.9m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr49.60, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 26x in the Machinery industry in Sweden. Total loss to shareholders of 21% over the past three years. Recent Insider Transactions • May 17
Director recently bought kr242k worth of stock On the 15th of May, Rickard Bergengren bought around 5k shares on-market at roughly kr48.43 per share. This transaction amounted to 7.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr771k. Insiders have collectively bought kr2.6m more in shares than they have sold in the last 12 months. Reported Earnings • May 14
First quarter 2024 earnings released: kr1.00 loss per share (vs kr1.73 loss in 1Q 2023) First quarter 2024 results: kr1.00 loss per share (improved from kr1.73 loss in 1Q 2023). Revenue: kr137.2m (up 25% from 1Q 2023). Net loss: kr11.7m (loss narrowed 42% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 07
Upcoming dividend of kr3.00 per share Eligible shareholders must have bought the stock before 14 May 2024. Payment date: 20 May 2024. The company last paid an ordinary dividend in February 2014. The average dividend yield among industry peers is 2.8%. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to kr58.40, the stock trades at a trailing P/E ratio of 41.9x. Average trailing P/E is 27x in the Machinery industry in Sweden. Total loss to shareholders of 25% over the past three years. Recent Insider Transactions • Apr 14
Director recently bought kr771k worth of stock On the 10th of April, Rickard Bergengren bought around 18k shares on-market at roughly kr43.08 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr2.3m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to kr47.90, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 24x in the Machinery industry in Sweden. Total loss to shareholders of 30% over the past three years. Recent Insider Transactions • Mar 22
Director recently bought kr241k worth of stock On the 20th of March, Rickard Bergengren bought around 6k shares on-market at roughly kr40.15 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr711k. Insiders have collectively bought kr1.6m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to kr39.35, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 23x in the Machinery industry in Sweden. Total loss to shareholders of 35% over the past three years. Recent Insider Transactions • Feb 28
Director recently bought kr711k worth of stock On the 26th of February, Rickard Bergengren bought around 20k shares on-market at roughly kr35.54 per share. This transaction increased Rickard's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr1.3m more in shares than they have sold in the last 12 months. Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: kr1.39 (vs kr16.19 loss in FY 2022) Full year 2023 results: EPS: kr1.39 (up from kr16.19 loss in FY 2022). Revenue: kr535.2m (up 44% from FY 2022). Net income: kr16.3m (up kr205.7m from FY 2022). Profit margin: 3.0% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. New Risk • Feb 21
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 Swedish stocks, typically moving 9.4% 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: Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$100m (kr418.8m market cap, or US$40.4m). Recent Insider Transactions • Jan 17
Director recently bought kr104k worth of stock On the 15th of January, Rickard Bergengren bought around 3k shares on-market at roughly kr31.52 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr603k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 07
Director recently bought kr102k worth of stock On the 5th of December, Rickard Bergengren bought around 3k shares on-market at roughly kr31.89 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr499k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 29
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr137.4m (up 61% from 3Q 2022). Net loss: kr2.80m (loss narrowed 80% from 3Q 2022). Revenue is expected to decline by 3.8% p.a. on average during the next 3 years, while revenues in the Machinery industry in Sweden are expected to grow by 2.5%. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Oct 08
Director recently bought kr96k worth of stock On the 5th of October, Rickard Bergengren bought around 4k shares on-market at roughly kr27.36 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr98k. Insiders have collectively bought kr397k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Sep 06
Director recently bought kr98k worth of stock On the 1st of September, Rickard Bergengren bought around 3k shares on-market at roughly kr32.51 per share. This transaction amounted to 43% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr98k. Insiders have collectively bought kr301k more in shares than they have sold in the last 12 months. Reported Earnings • Sep 03
Second quarter 2023 earnings released: EPS: kr0.73 (vs kr2.89 loss in 2Q 2022) Second quarter 2023 results: EPS: kr0.73 (up from kr2.89 loss in 2Q 2022). Revenue: kr130.5m (up 49% from 2Q 2022). Net income: kr8.50m (up kr42.3m from 2Q 2022). Profit margin: 6.5% (up from net loss in 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 2.9% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jul 10
Director recently bought kr98k worth of stock On the 7th of July, Richard Bergengren bought around 3k shares on-market at roughly kr32.75 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, they made an even bigger purchase worth kr105k. Insiders have collectively bought kr204k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jun 05
Insider recently bought kr105k worth of stock On the 1st of June, Rickard Bergengren bought around 4k shares on-market at roughly kr26.34 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • May 26
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr110.0m (up 73% from 1Q 2022). Net loss: kr20.2m (loss narrowed 86% from 1Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 3.2% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Price Target Changed • Mar 01
Price target increased by 7.4% to kr58.00 Up from kr54.00, the current price target is provided by 1 analyst. New target price is 70% above last closing price of kr34.20. Stock is down 38% over the past year. The company is forecast to post earnings per share of kr1.37 next year compared to a net loss per share of kr16.18 last year. Reported Earnings • Feb 24
Full year 2022 earnings released Full year 2022 results: Revenue: kr371.7m (up 42% from FY 2021). Net loss: kr189.4m (loss widened kr167.5m from FY 2021). Revenue is expected to decline by 1.9% p.a. on average during the next 2 years, while revenues in the Machinery industry in Sweden are expected to grow by 3.4%. Buying Opportunity • Jan 13
Now 21% undervalued Over the last 90 days, the stock is up 7.4%. The fair value is estimated to be kr41.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 9.8% in a year. Earnings is forecast to grow by 73% in the next year. Buying Opportunity • Dec 14
Now 21% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be kr45.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has grown by 41%. Major Estimate Revision • Dec 09
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from kr313.0m to kr329.0m. Forecast EPS reduced from -kr13.60 to -kr16.00 per share. Machinery industry in Sweden expected to see average net income growth of 7.4% next year. Consensus price target up from kr54.00 to kr56.00. Share price rose 4.5% to kr35.80 over the past week. Reported Earnings • Dec 01
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr85.4m (up 24% from 3Q 2021). Net loss: kr14.0m (loss narrowed 89% from 3Q 2021). Revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Machinery industry in Sweden are expected to grow by 3.0%. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Board Change • Nov 16
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 Jonas Rydell was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Sep 09
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from kr272.0m to kr313.0m. EPS estimate fell from -kr9.30 to -kr13.60 per share. Machinery industry in Sweden expected to see average net income growth of 14% next year. Consensus price target down from kr63.00 to kr54.00. Share price fell 4.6% to kr33.00 over the past week. Reported Earnings • Sep 02
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr87.7m (up 12% from 2Q 2021). Net loss: kr33.8m (down 265% from profit in 2Q 2021). Over the next year, revenue is expected to shrink by 11% compared to a 11% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jun 02
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from kr293.0m to kr272.0m. Now expected to report a loss of kr9.30 per share instead of kr1.30 per share profit previously forecast. Electronic industry in Sweden expected to see average net income growth of 32% next year. Consensus price target down from kr73.00 to kr63.00. Share price was steady at kr41.20 over the past week. Price Target Changed • Jun 01
Price target decreased to kr63.00 Down from kr77.00, the current price target is provided by 1 analyst. New target price is 49% above last closing price of kr42.15. Stock is down 37% over the past year. The company is forecast to post a net loss per share of kr9.30 next year compared to a net loss per share of kr1.88 last year. Reported Earnings • May 26
First quarter 2022 earnings: Revenues exceed analyst expectations First quarter 2022 results: Revenue: kr63.7m (up 29% from 1Q 2021). Net loss: kr141.0m (down kr159.3m from profit in 1Q 2021). Revenue exceeded analyst estimates by 9.7%. Over the next year, revenue is forecast to grow 3.2%, compared to a 17% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Board Change • Apr 27
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 Jonas Rydell was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Mar 01
Price target decreased to kr73.00 Down from kr80.00, the current price target is provided by 1 analyst. New target price is 29% above last closing price of kr56.40. Stock is down 20% over the past year. The company is forecast to post earnings per share of kr1.20 next year compared to a net loss per share of kr1.88 last year. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: kr261.2m (up 2.2% from FY 2020). Net loss: kr14.6m (loss narrowed 92% from FY 2020). Revenue exceeded analyst estimates by 9.7%. Over the next year, revenue is forecast to stay flat compared to a 16% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 02
Third quarter 2021 earnings: Revenues in line with analyst expectations Third quarter 2021 results: Revenue: kr68.8m (down 20% from 3Q 2020). Net loss: kr127.3m (loss widened kr115.4m from 3Q 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 36%, compared to a 16% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 03
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr78.1m (up 4.6% from 2Q 2020). Net income: kr24.3m (up kr98.2m from 2Q 2020). Profit margin: 31% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Jun 03
First quarter 2021 earnings released: EPS kr1.56 (vs kr4.07 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: kr49.4m (down 21% from 1Q 2020). Net income: kr18.3m (up kr65.9m from 1Q 2020). Profit margin: 37% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Breakeven Date Change • Jun 03
Forecast breakeven pushed back to 2022 The analyst covering Concejo previously expected the company to break even in 2021. New forecast suggests losses will reduce by 94% to 2021. The company is expected to make a profit of kr15.0m in 2022. Average annual earnings growth of 112% is required to achieve expected profit on schedule. Upcoming Dividend • May 17
Upcoming dividend of kr15.00 per share Eligible shareholders must have bought the stock before 24 May 2021. Payment date: 28 May 2021. Trailing yield: 16%. Within top quartile of Swedish dividend payers (3.4%). Higher than average of industry peers (0.9%). Reported Earnings • Feb 27
Full year 2020 earnings released The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: kr255.7m (down 9.8% from FY 2019). Net loss: kr161.9m (loss narrowed 51% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 71% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 25
New 90-day high: kr72.80 The company is up 3.0% from its price of kr70.60 on 27 November 2020. The Swedish market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 6.0% over the same period. Is New 90 Day High Low • Dec 03
New 90-day high: kr71.60 The company is up 1.0% from its price of kr71.20 on 04 September 2020. The Swedish market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 11% over the same period. Reported Earnings • Nov 30
Third quarter 2020 earnings released: kr1.02 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: kr85.9m (up 64% from 3Q 2019). Net loss: kr11.9m (loss narrowed 81% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 75% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Nov 03
New 90-day low: kr64.80 The company is down 17% from its price of kr78.20 on 04 August 2020. The Swedish market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 10.0% over the same period. Is New 90 Day High Low • Oct 02
New 90-day low: kr65.80 The company is down 17% from its price of kr79.00 on 03 July 2020. The Swedish market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 24% over the same period.