Recent Insider Transactions • Jun 04
Independent Director recently bought kr141k worth of stock On the 1st of June, Goran Hesseborn bought around 500 shares on-market at roughly kr281 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr253k. Despite this recent purchase, insiders have collectively sold kr3.1m more in shares than they bought in the last 12 months. Recent Insider Transactions • May 25
Independent Director recently bought kr181k worth of stock On the 21st of May, Goran Hesseborn bought around 600 shares on-market at roughly kr302 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr253k. Despite this recent purchase, insiders have collectively sold kr3.2m more in shares than they bought in the last 12 months. Reported Earnings • May 19
Full year 2025 earnings released: EPS: kr15.51 (vs kr10.35 in FY 2024) Full year 2025 results: EPS: kr15.51 (up from kr10.35 in FY 2024). Revenue: kr2.60b (up 32% from FY 2024). Net income: kr196.1m (up 53% from FY 2024). Profit margin: 7.6% (up from 6.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Hospitality industry in Sweden. Recent Insider Transactions • May 19
Independent Director recently bought kr253k worth of stock On the 15th of May, Goran Hesseborn bought around 800 shares on-market at roughly kr317 per share. This transaction increased Goran'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. Despite this recent purchase, insiders have collectively sold kr3.4m more in shares than they bought in the last 12 months. Upcoming Dividend • May 06
Upcoming dividend of kr8.50 per share Eligible shareholders must have bought the stock before 13 May 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Swedish dividend payers (4.3%). Lower than average of industry peers (3.9%). New Risk • Apr 13
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: kr3.9m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Recent Insider Transactions • Apr 13
President recently sold kr3.9m worth of stock On the 8th of April, Thomas Dahlstedt sold around 13k shares on-market at roughly kr301 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Thomas' only on-market trade for the last 12 months. Major Estimate Revision • Feb 25
Consensus EPS estimates increase by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from kr2.75b to kr2.85b. EPS estimate increased from kr14.47 to kr16.52 per share. Net income forecast to grow 7.2% next year vs 19% growth forecast for Hospitality industry in Sweden. Consensus price target up from kr300 to kr340. Share price was steady at kr309 over the past week. Recent Insider Transactions • Feb 22
Independent Director recently bought kr243k worth of stock On the 19th of February, Goran Hesseborn bought around 800 shares on-market at roughly kr304 per share. This trade did not impact their existing holding. 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 • Feb 20
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: kr15.41 (up from kr9.64 in FY 2024). Revenue: kr2.60b (up 32% from FY 2024). Net income: kr196.1m (up 64% from FY 2024). Profit margin: 7.6% (up from 6.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) also surpassed analyst estimates by 29%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Hospitality industry in Sweden. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to kr305, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Hospitality industry in Sweden. Total returns to shareholders of 174% over the past year. Duyuru • Feb 19
Nordrest Holding AB (publ), Annual General Meeting, May 12, 2026 Nordrest Holding AB (publ), Annual General Meeting, May 12, 2026. Reported Earnings • Nov 11
Third quarter 2025 earnings: Revenues exceed analyst expectations Third quarter 2025 results: Revenue: kr589.0m (up 39% from 3Q 2024). Net income: kr29.1m (up 23% from 3Q 2024). Profit margin: 4.9% (down from 5.6% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.6%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Hospitality industry in Sweden. Major Estimate Revision • Sep 04
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from kr13.22 to kr11.73 per share. Revenue forecast steady at kr2.38b. Net income forecast to grow 23% next year vs 27% growth forecast for Hospitality industry in Sweden. Consensus price target up from kr180 to kr250. Share price was steady at kr215 over the past week. Price Target Changed • Aug 29
Price target increased by 39% to kr250 Up from kr180, the current price target is provided by 1 analyst. New target price is 14% above last closing price of kr220. Stock is up 72% over the past year. The company is forecast to post earnings per share of kr11.73 for next year compared to kr9.64 last year. Reported Earnings • Aug 28
First quarter 2025 earnings released: EPS: kr2.69 (vs kr2.85 in 1Q 2024) First quarter 2025 results: EPS: kr2.69. Revenue: kr545.9m (up 10% from 1Q 2024). Net income: kr33.5m (up 17% from 1Q 2024). Profit margin: 6.1% (up from 5.8% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Hospitality industry in Sweden. Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr217, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Hospitality industry in Sweden. Total returns to shareholders of 79% over the past year. Buy Or Sell Opportunity • Jun 26
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to kr174. The fair value is estimated to be kr143, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 65% in the next 2 years. Major Estimate Revision • May 19
Consensus revenue estimates increase by 10% The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from kr2.16b to kr2.38b. EPS estimate increased from kr11.84 to kr13.22 per share. Net income forecast to grow 38% next year vs 31% growth forecast for Hospitality industry in Sweden. Consensus price target of kr180 unchanged from last update. Share price rose 2.9% to kr155 over the past week. Duyuru • May 07
Nordrest Holding AB (publ) (OM:NREST) entered into an agreement to acquire 40% stake in ORIFO APS from Ib Runge Hansen for DKK 40 million. Nordrest Holding AB (publ) (OM:NREST) entered into an agreement to acquire 40% stake in ORIFO APS from Ib Runge Hansen for DKK 40 million on May 7, 2025. A cash consideration of DKK 40 million will be paid by Nordrest Holding AB (publ). As part of consideration, DKK 40 million is paid towards common equity of ORIFO APS. The purchase price for the initial acquisition of 40% consists of a fixed part of DKK 40 million and an additional purchase price. The acquisition includes a certain net cash and the fixed purchase price corresponds to an EV/EBIT of just over 4x in relation to the outcome in 2024. The additional purchase price will be paid after 2027 with the equivalent of 40% of 4.5x Orifo's average annual EBIT over DKK 20 million during the period 2025-2027. Nordrest also has the option to acquire an additional 40% after 2027 for a valuation corresponding to 5x Orifo's average annual EBIT during the period 2025-2027, and to purchase the remaining 20% after 2029 for a valuation corresponding to 7x Orifo's average annual EBIT during the period 2028-2029. Ib Runge Hansen will continue as CEO of Orifo, but the parties' intention is to jointly recruit a successor in good time before Nordrest becomes 100% owner of the Orifo.
For the period ending December 31, 2024, ORIFO APS reported total revenue of DKK 195.26 million (approximately SEK 300 million) and EBIT of DKK 22.78 million (approximately SEK 35 million).
The transaction will be completed in early May 2025. Duyuru • Apr 10
Nordrest Holding AB (publ) announces Annual dividend, payable on May 15, 2025 Nordrest Holding AB (publ) announced Annual dividend of SEK 5.0000 per share payable on May 15, 2025, ex-date on May 09, 2025 and record date on May 12, 2025. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr137, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Hospitality industry in Sweden. Duyuru • Mar 07
Nordrest Holding AB (publ), Annual General Meeting, May 08, 2025 Nordrest Holding AB (publ), Annual General Meeting, May 08, 2025. Duyuru • Nov 20
Nordrest Holding AB (publ) (OM:NREST) agreed to acquire Garam & Vermiglio Catering Oy. Nordrest Holding AB (publ) (OM:NREST) agreed to acquire Garam & Vermiglio Catering Oy on November 18, 2024. The transaction is financed with equity. For the period ending December 31, 2023, Garam & Vermiglio Catering Oy reported total revenue of SEK 30 million. The expected completion of the transaction is at end of the year2024. This strategic initiative marks the start of Nordrest's presence in Finland. Reported Earnings • Nov 15
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: kr1.90. Net income: kr23.6m (up kr23.6m from 3Q 2023). Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Sweden. Recent Insider Transactions • Nov 14
President recently bought kr2.9m worth of stock On the 12th of November, Thomas Dahlstedt bought around 26k shares on-market at roughly kr110 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. Thomas has been a buyer over the last 12 months, purchasing a net total of kr2.9m worth in shares. Buy Or Sell Opportunity • Jul 29
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at kr118. The fair value is estimated to be kr98.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Jul 05
Now 17% overvalued The stock has been flat over the last 90 days, currently trading at kr116. The fair value is estimated to be kr99.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Jun 27
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at kr119. The fair value is estimated to be kr98.95, however this is not to be taken as a sell recommendation but rather should be used as a guide only.