Financials EQT AB

Equities

Real-time Estimate Cboe Europe Other stock markets 12:00:56 2025-03-25 pm EDT			5-day change	1st Jan Change
328.90 ^SEK	-0.57%		+3.53%	+7.32%

Mar. 24	Sundal Collier Upgrades EQT to Buy, Boosts PT	MT
Mar. 24	EQT rises after ABG raised to buy	FW

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	709	1,623	1,536	2,131	2,355	2,827	3,461	3,982
Change	-	128.91%	-5.36%	38.74%	10.51%	20.02%	22.44%	15.06%
EBITDA ¹	385	1,100	829	1,226	1,359	1,769	2,354	2,856
Change	-	185.71%	-24.64%	47.89%	10.85%	30.14%	33.09%	21.36%
EBIT ¹	350	1,063	785	1,172	1,287	1,652	2,239	2,642
Change	-	203.71%	-26.15%	49.3%	9.81%	28.34%	35.57%	17.98%
Interest Paid ¹	6.2	-	-46	-35	11	-40	-40	-40
Earnings before Tax (EBT) ¹	311	878	263	239	899	1,175	1,828	2,462
Change	-	182.32%	-70.05%	-9.13%	276.15%	30.73%	55.56%	34.67%
Net income ¹	379	909	176	130	776	1,092	1,689	2,143
Change	-	139.84%	-80.64%	-26.14%	496.92%	40.71%	54.7%	26.87%
Announcement Date	1/26/21	1/19/22	1/18/23	1/18/24	1/23/25	-	-	-

¹EUR in Million

Estimates

¹EUR in Million

Estimates

Fiscal Period: December	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2
Net sales ¹	444	709	912	733	804	1,019	1,112	1,088	1,266	1,332	1,367
Change	-	59.68%	28.63%	-19.63%	9.69%	26.74%	9.13%	-2.16%	16.36%	5.2%	2.67%
EBITDA	305	492	608	413	416	555	653	609	749	-	-
Change	-	61.31%	23.58%	-32.07%	0.73%	33.41%	17.66%	-6.74%	22.99%	-100%	-
EBIT ¹	286	476	587	393	392	530	624	572	716	781	795.2
Change	-	66.43%	23.32%	-33.05%	-0.25%	35.2%	17.74%	-8.33%	25.17%	9.07%	1.82%
Charge d'intérêts	0.2	-6	6	-4	-42	-17	-18	11	-	-	-
Earnings before Tax (EBT)	243	397	481	-	-	-	-	-	-	-	-
Change	-	63.37%	21.16%	-100%	-	-	-	-	-	-	-
Net income	332	361	548	-	-58	11	118	282	494	-	-
Change	-	8.73%	51.8%	-100%	-	-	972.73%	138.98%	75.18%	-100%	-
Announcement Date	1/26/21	7/22/21	1/19/22	7/14/22	1/18/23	7/14/23	1/18/24	7/18/24	1/23/25	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-789	-588	-	998	996	522	-245	-1,409
Change	-	-174.52%	-	-	-0.2%	-47.59%	-146.93%	-675.1%
Announcement Date	1/26/21	1/19/22	1/18/23	1/18/24	1/23/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	8.4	11	31	23	17	27.15	29.68	32.53
Change	-	30.95%	181.82%	-25.81%	-26.09%	59.71%	9.31%	9.6%
Free Cash Flow (FCF) ¹	163.4	597	518	922	447	1,693	2,371	2,744
Change	-	265.36%	-13.23%	77.99%	-51.52%	278.75%	40.05%	15.73%
Announcement Date	1/26/21	1/19/22	1/18/23	1/18/24	1/23/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	54.3%	67.78%	53.97%	57.53%	57.71%	62.57%	68.01%	71.73%
EBIT Margin (%)	49.37%	65.5%	51.11%	55%	54.65%	58.44%	64.7%	66.34%
EBT Margin (%)	43.86%	54.1%	17.12%	11.22%	38.17%	41.58%	52.83%	61.83%
Net margin (%)	53.46%	56.01%	11.46%	6.1%	32.95%	38.63%	48.81%	53.81%
FCF margin (%)	23.05%	36.78%	33.72%	43.27%	18.98%	59.9%	68.51%	68.91%
FCF / Net Income (%)	43.11%	65.68%	294.32%	709.23%	57.6%	155.05%	140.36%	128.05%
Profitability
ROA	24.84%	32.96%	2.61%	10.83%	10.78%	10.17%	12.65%	15.63%
ROE	32.33%	43.22%	3.77%	16.43%	15.82%	17.83%	21.25%	21.75%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	0.81x	0.73x	0.29x	-	-
Debt / Free cash flow	-	-	-	1.08x	2.23x	0.31x	-	-
Capital Intensity
CAPEX / Current Assets (%)	1.18%	0.68%	2.02%	1.08%	0.72%	0.96%	0.86%	0.82%
CAPEX / EBITDA (%)	2.18%	1%	3.74%	1.88%	1.25%	1.54%	1.26%	1.14%
CAPEX / FCF (%)	5.14%	1.84%	5.98%	2.49%	3.8%	1.6%	1.25%	1.19%
Items per share
Cash flow per share ¹	0.1802	0.6211	0.5317	0.7965	0.3918	1.08	1.589	2.34
Change	-	244.74%	-14.39%	49.8%	-50.81%	175.71%	47.13%	47.23%
Dividend per Share ¹	0.2344	0.2712	0.2695	0.3163	0.3748	0.4221	0.4775	0.5126
Change	-	15.67%	-0.64%	17.37%	18.5%	12.63%	13.12%	7.35%
Book Value Per Share ¹	1.325	2.982	6.197	5.061	6.837	7.094	7.971	9.524
Change	-	125.11%	107.83%	-18.34%	35.09%	3.76%	12.36%	19.49%
EPS ¹	0.398	0.929	0.171	0.117	0.656	0.9232	1.429	1.818
Change	-	133.42%	-81.59%	-31.58%	460.68%	40.72%	54.84%	27.15%
Nbr of stocks (in thousands)	952,984	986,646	1,186,608	1,184,824	1,181,331	1,182,468	1,182,468	1,182,468
Announcement Date	1/26/21	1/19/22	1/18/23	1/18/24	1/23/25	-	-	-