Financials Investor AB

Equities

Real-time Estimate Cboe Europe Other stock markets 10:52:48 2025-06-12 am EDT			5-day change	1st Jan Change
280.15 ^SEK	-1.60%		-1.72%	-4.04%

Jun. 10	Affärsvärlden raises its recommendation for Investor to buy, sell recommendation for Öresund	FW
Jun. 10	Telenor is said to be ready to pick up Tre in Sweden after the EU changed its stance - Di	FW

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	39,323	40,737	51,812	71,862	75,681	66,526	69,663	72,982
Change	-	3.6%	27.19%	38.7%	5.31%	-12.1%	4.72%	4.76%
EBITDA ¹	8,879	8,997	10,802	17,577	18,963	20,297	-	-
Change	-	1.33%	20.06%	62.72%	7.89%	7.03%	-	-
EBIT ¹	4,469	3,972	5,110	132,744	122,090	-6,954	85,336	76,467
Change	-	-11.12%	28.65%	2,497.73%	-8.03%	-105.7%	1,327.14%	-10.39%
Interest Paid	-1,973	-3,347	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Net income ¹	52,790	228,065	-74,681	127,045	113,338	-14,490	76,741	67,974
Change	-	332.02%	-132.75%	270.12%	-10.79%	-112.78%	629.62%	-11.42%
Announcement Date	1/21/21	1/21/22	1/20/23	1/19/24	1/23/25	-	-	-

¹SEK in Million

Estimates

Fiscal Period: December	2021 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	-	14,168	16,998	17,789	-	19,022	18,001	19,133	18,812	19,735
Change	-	-	19.97%	4.65%	-	-	-5.37%	6.29%	-1.68%	4.91%
EBITDA ¹	-	2,872	4,012	4,407	-	4,483	4,486	4,694	4,901	4,882
Change	-	-	39.69%	9.85%	-	-	0.07%	4.64%	4.41%	-0.39%
EBIT	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-
Net income	26,966	-	-	-	-11,090	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-
Announcement Date	10/18/21	1/20/23	4/21/23	7/17/23	10/19/23	1/19/24	4/18/24	7/17/24	10/17/24	1/23/25

¹SEK in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	19,812	14,491	10,263	13,938	12,194	6,881	9,586	9,586
Change	-	-26.86%	-29.18%	35.81%	-12.51%	-43.57%	39.31%	0%
Announcement Date	1/21/21	1/21/22	1/20/23	1/19/24	1/23/25	-	-	-

¹SEK in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024
CAPEX ¹	2,090	2,786	3,799	4,368	3,721	4,420
Change	-	33.3%	36.36%	14.98%	-14.81%	18.79%
Free Cash Flow (FCF) ¹	68,267	31,624	140,257	-44,446	79,768	78,539
Change	-	-53.68%	343.51%	-131.69%	279.47%	-1.54%
Announcement Date	3/27/20	3/30/21	3/25/22	3/24/23	3/27/24	4/4/25

¹SEK in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	22.58%	22.09%	20.85%	24.46%	25.06%	30.51%	-	-
EBIT Margin (%)	11.36%	9.75%	9.86%	184.72%	161.32%	-10.45%	122.5%	104.78%
EBT Margin (%)	-	-	-	-	-	-	-	-
Net margin (%)	134.25%	559.85%	-144.14%	176.79%	149.76%	-21.78%	110.16%	93.14%
FCF margin (%)	20.81%	25.67%	-	-	-	-	-	-
FCF / Net Income (%)	15.5%	4.59%	-	-	-	-	-	-
Profitability
ROA	-	-	-	-	-	-	-	-
ROE	11.96%	39.86%	1.26%	19.2%	14.76%	-1.8%	9.39%	7.93%
Financial Health
Leverage (Debt/EBITDA)	2.23x	1.61x	0.95x	0.79x	0.64x	0.34x	-	-
Debt / Free cash flow	2.42x	1.39x	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	7.08%	9.33%	-	-	-	-	-	-
CAPEX / EBITDA (%)	31.38%	42.23%	-	-	-	-	-	-
CAPEX / FCF (%)	34.04%	36.33%	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	3.5	4	4.4	4.8	5.2	5.58	5.975	6.385
Change	-	14.29%	10%	9.09%	8.33%	7.31%	7.08%	6.86%
Book Value Per Share ¹	-	223	197	-	-	-	-	-
Change	-	-	-11.66%	-	-	-	-	-
EPS ¹	17.23	74.41	-	-	-	-	-	-
Change	-	331.86%	-	-	-	-	-	-
Nbr of stocks (in thousands)	3,062,209	3,063,178	3,062,872	3,062,660	3,062,896	3,063,416	3,063,416	3,063,416
Announcement Date	1/21/21	1/21/22	1/20/23	1/19/24	1/23/25	-	-	-