Balance Sheet Lagercrantz Group AB

Equities

LAGR B

SE0014990966

Consumer Goods Conglomerates

Real-time Estimate Cboe Europe Other stock markets 06:28:58 2024-09-16 am EDT			5-day change	1st Jan Change
190.75 ^SEK	+0.13%		+2.20%	+41.23%

Sep. 13	Lagercrantz to Buy Finnish Telescopic Masts Company Mastsystem	MT
Sep. 13	Lagercrantz Group AB (OM:LAGR B) signed an agreement to acquire Mastsystem Int'l Oy.	CI

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Published financial data: LAGERCRANTZ GROUP AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	4.18B	4.09B	5.48B	7.25B	8.13B
Total Revenues	4.18B	4.09B	5.48B	7.25B	8.13B
Cost of Goods Sold, Total	2.62B	2.51B	3.39B	4.51B	4.93B
Gross Profit	1.56B	1.58B	2.09B	2.74B	3.2B
Selling General & Admin Expenses, Total	1.11B	1.07B	1.33B	1.68B	1.96B
Other Operating Expenses	-4M	-25M	-2M	4M	-1M
Other Operating Expenses, Total	1.1B	1.04B	1.32B	1.68B	1.96B
Operating Income	458M	534M	769M	1.06B	1.24B
Interest Expense, Total	-21M	-23M	-27M	-74M	-140M
Interest And Investment Income	1M	1M	1M	3M	10M
Net Interest Expenses	-20M	-22M	-26M	-71M	-130M
Currency Exchange Gains (Loss)	8M	-9M	-9M	-13M	-11M
Other Non Operating Income (Expenses)	1M	-3M	-1M	-	3M
EBT, Excl. Unusual Items	447M	500M	733M	971M	1.1B
Merger & Related Restructuring Charges	-3M	-3M	-5M	-5M	-10M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Other Unusual Items	16M	5M	13M	2M	24M
EBT, Incl. Unusual Items	460M	502M	741M	968M	1.12B
Income Tax Expense	94M	114M	169M	210M	239M
Earnings From Continuing Operations	366M	388M	572M	758M	877M
Net Income to Company	366M	388M	572M	758M	877M
Net Income - (IS)	366M	388M	572M	758M	877M
Net Income to Common Incl Extra Items	366M	388M	572M	758M	877M
Net Income to Common Excl. Extra Items	366M	388M	572M	758M	877M
Per Share Items
Net EPS - Basic	1.8	1.91	2.81	3.71	4.26
Basic EPS - Continuing Operations	1.8	1.91	2.81	3.71	4.26
Basic Weighted Average Shares Outstanding	203M	203M	204M	204M	206M
Net EPS - Diluted	1.8	1.91	2.8	3.7	4.25
Diluted EPS - Continuing Operations	1.8	1.91	2.8	3.7	4.25
Diluted Weighted Average Shares Outstanding	204M	204M	204M	205M	206M
Normalized Basic EPS	1.38	1.54	2.25	2.97	3.34
Normalized Diluted EPS	1.37	1.53	2.24	2.96	3.34
Dividend Per Share	0.67	1	1.3	1.6	1.9
Payout Ratio	46.17	34.79	35.66	34.96	37.51
Supplemental Items
EBITDA	602M	690M	970M	1.3B	1.54B
EBITA	556M	639M	904M	1.21B	1.44B
EBIT	458M	534M	769M	1.06B	1.24B
EBITDAR	607M	693M	973M	1.31B	1.54B
Effective Tax Rate - (Ratio)	20.43	22.71	22.81	21.69	21.42
Total Current Taxes	111M	131M	181M	228M	265M
Total Deferred Taxes	-17M	-17M	-12M	-18M	-25M
Normalized Net Income	279M	312M	458M	607M	689M
Interest on Long-Term Debt	3M	4M	6M	7M	10M
Non-Cash Pension Expense	-	-	3M	3M	4M
Supplemental Operating Expense Items
Selling and Marketing Expenses	769M	722M	876M	1.1B	1.28B
General and Administrative Expenses	338M	346M	449M	585M	677M
Net Rental Expense, Total	5M	3M	3M	3M	3M
Imputed Operating Lease Interest Expense	694K	402K	365K	741K	1.14M
Imputed Operating Lease Depreciation	4.31M	2.6M	2.64M	2.26M	1.86M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	117M	151M	210M	360M	355M
Total Cash And Short Term Investments	117M	151M	210M	360M	355M
Accounts Receivable, Total	716M	672M	972M	1.24B	1.37B
Other Receivables	168M	120M	207M	288M	397M
Total Receivables	884M	792M	1.18B	1.52B	1.77B
Inventory	562M	655M	949M	1.17B	1.37B
Prepaid Expenses	12M	11M	18M	22M	29M
Total Current Assets	1.58B	1.61B	2.36B	3.07B	3.52B
Gross Property Plant And Equipment	1.04B	1.08B	1.29B	1.61B	1.87B
Accumulated Depreciation	-555M	-499M	-546M	-637M	-726M
Net Property Plant And Equipment	480M	586M	741M	973M	1.14B
Goodwill	1.52B	1.61B	2.01B	2.45B	3.11B
Other Intangibles, Total	758M	785M	1.08B	1.52B	2.04B
Deferred Tax Assets Long-Term	14M	15M	12M	12M	14M
Other Long-Term Assets, Total	4M	6M	7M	10M	11M
Total Assets	4.35B	4.61B	6.21B	8.03B	9.84B
Liabilities
Accounts Payable, Total	329M	366M	497M	588M	631M
Accrued Expenses, Total	143M	164M	212M	246M	267M
Short-term Borrowings	166M	130M	242M	16M	491M
Current Portion of Long-Term Debt	307M	307M	7M	19M	10M
Current Portion of Leases	83M	96M	113M	123M	149M
Current Income Taxes Payable	105M	71M	104M	173M	248M
Unearned Revenue Current, Total	37M	36M	72M	85M	117M
Other Current Liabilities	393M	413M	547M	794M	1.22B
Total Current Liabilities	1.56B	1.58B	1.79B	2.04B	3.13B
Long-Term Debt	701M	708M	1.58B	2.23B	2.29B
Long-Term Leases	97M	150M	216M	247M	306M
Pension & Other Post Retirement Benefits	76M	76M	63M	55M	63M
Deferred Tax Liability Non Current	211M	218M	295M	409M	540M
Other Non Current Liabilities	17M	20M	28M	42M	42M
Total Liabilities	2.66B	2.76B	3.98B	5.02B	6.37B
Common Stock, Total	49M	49M	49M	49M	49M
Additional Paid In Capital	345M	345M	345M	415M	415M
Retained Earnings	1.31B	1.55B	1.87B	2.51B	2.93B
Comprehensive Income and Other	-19M	-88M	-36M	39M	72M
Total Common Equity	1.68B	1.86B	2.23B	3.01B	3.47B
Total Equity	1.68B	1.86B	2.23B	3.01B	3.47B
Total Liabilities And Equity	4.35B	4.61B	6.21B	8.03B	9.84B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	203M	203M	204M	206M	206M
ECS Total Common Shares Outstanding	203M	203M	204M	206M	206M
Book Value / Share	8.29	9.12	10.94	14.61	16.84
Tangible Book Value	-592M	-539M	-863M	-955M	-1.68B
Tangible Book Value Per Share	-2.91	-2.65	-4.24	-4.64	-8.18
Total Debt	1.35B	1.39B	2.16B	2.63B	3.25B
Net Debt	1.24B	1.24B	1.95B	2.27B	2.89B
Debt Equivalent of Unfunded Proj. Benefit Obligation	76M	76M	63M	55M	65M
Debt Equivalent Oper. Leases	40M	24M	24M	24M	24M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	196M	244M	414M	493M	537M
Inventories - Work In Process, Total	32M	44M	79M	117M	114M
Inventories - Finished Goods, Total	334M	367M	456M	557M	718M
Land - (BS)	-	-	-	-	351M
Buildings, Total	122M	125M	156M	273M	-
Machinery, Total	626M	690M	772M	934M	1.02B
Full Time Employees	1.53K	1.63K	1.95K	2.42K	2.76K
Accumulated Allowance for Doubtful Accounts (Supple)	2M	1M	4M	8M	9M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	366M	388M	572M	758M	877M
Depreciation & Amortization - CF	136M	140M	176M	231M	250M
Amortization of Goodwill and Intangible Assets - (CF)	98M	105M	135M	156M	196M
Depreciation & Amortization, Total	234M	245M	311M	387M	446M
Asset Writedown & Restructuring Costs	-	-	2M	2M	2M
Other Operating Activities, Total	3M	13M	2M	-20M	-1M
Change In Accounts Receivable	11M	126M	-186M	-54M	-33M
Change In Inventories	3M	-2M	-177M	-8M	52M
Change in Other Net Operating Assets	-110M	12M	70M	5M	-16M
Cash from Operations	507M	782M	594M	1.07B	1.33B
Capital Expenditure	-81M	-71M	-96M	-139M	-91M
Sale of Property, Plant, and Equipment	5M	-	11M	7M	3M
Cash Acquisitions	-260M	-325M	-653M	-846M	-1.18B
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-15M	-19M	-27M	-39M	-34M
Investment in Marketable and Equity Securities, Total	-	-	-	-	4M
Cash from Investing	-351M	-415M	-765M	-1.02B	-1.29B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	100M	-	1.38B	1.58B	1.15B
Total Debt Issued	100M	-	1.38B	1.58B	1.15B
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-82M	-184M	-886M	-1.36B	-823M
Total Debt Repaid	-82M	-184M	-886M	-1.36B	-823M
Issuance of Common Stock	4M	9M	9M	163M	-
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-169M	-135M	-204M	-265M	-329M
Common & Preferred Stock Dividends Paid	-169M	-135M	-204M	-265M	-329M
Other Financing Activities, Total	-31M	-23M	-71M	-31M	-42M
Cash from Financing	-178M	-333M	224M	87M	-47M
Foreign Exchange Rate Adjustments	-	-	6M	10M	7M
Net Change in Cash	-22M	34M	59M	150M	-6M
Supplemental Items
Cash Interest Paid	18M	19M	21M	66M	131M
Cash Income Tax Paid (Refund)	79M	120M	188M	255M	265M
Levered Free Cash Flow	357M	517M	346M	708M	1.15B
Unlevered Free Cash Flow	370M	532M	363M	754M	1.24B
Change In Net Working Capital	54M	-43M	306M	114M	-141M
Net Debt Issued / Repaid	18M	-184M	490M	220M	324M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	6.98	7.45	8.89	9.26	8.67
Return on Total Capital	10.2	10.62	12.59	13.15	12.54
Return On Equity %	22.93	21.93	28.02	28.95	27.08
Return on Common Equity	22.93	21.93	28.02	28.95	27.08
Margin Analysis
Gross Profit Margin %	37.37	38.57	38.18	37.81	39.33
SG&A Margin	26.51	26.13	24.19	23.2	24.09
EBITDA Margin %	14.4	16.87	17.69	18.01	18.92
EBITA Margin %	13.3	15.62	16.49	16.71	17.67
EBIT Margin %	10.96	13.05	14.03	14.56	15.25
Income From Continuing Operations Margin %	8.76	9.48	10.43	10.46	10.79
Net Income Margin %	8.76	9.48	10.43	10.46	10.79
Net Avail. For Common Margin %	8.76	9.48	10.43	10.46	10.79
Normalized Net Income Margin	6.68	7.64	8.36	8.38	8.47
Levered Free Cash Flow Margin	8.54	12.65	6.31	9.77	14.14
Unlevered Free Cash Flow Margin	8.86	13	6.61	10.41	15.22
Asset Turnover
Asset Turnover	1.02	0.91	1.01	1.02	0.91
Fixed Assets Turnover	11.21	7.68	8.26	8.46	7.68
Receivables Turnover (Average Receivables)	5.95	5.89	6.67	6.56	6.23
Inventory Turnover (Average Inventory)	4.8	4.13	4.23	4.26	3.89
Short Term Liquidity
Current Ratio	1.01	1.02	1.31	1.5	1.13
Quick Ratio	0.64	0.6	0.77	0.92	0.68
Operating Cash Flow to Current Liabilities	0.32	0.49	0.33	0.52	0.42
Days Sales Outstanding (Average Receivables)	61.47	61.92	54.73	55.64	58.73
Days Outstanding Inventory (Average Inventory)	76.19	88.38	86.38	85.7	94.1
Average Days Payable Outstanding	45.61	48.67	42.76	41.92	43.45
Cash Conversion Cycle (Average Days)	92.05	101.63	98.34	99.42	109.38
Long Term Solvency
Total Debt/Equity	80.4	74.99	96.99	87.47	93.69
Total Debt / Total Capital	44.57	42.85	49.24	46.66	48.37
LT Debt/Equity	47.39	46.25	80.74	82.22	74.94
Long-Term Debt / Total Capital	26.27	26.43	40.99	43.86	38.69
Total Liabilities / Total Assets	61.28	59.76	64.1	62.54	64.76
EBIT / Interest Expense	21.81	23.22	28.48	14.26	8.86
EBITDA / Interest Expense	32.95	33.87	40	19.49	12.04
(EBITDA - Capex) / Interest Expense	29.1	30.78	36.44	17.61	11.39
Total Debt / EBITDA	1.96	1.79	2	1.83	1.93
Net Debt / EBITDA	1.79	1.59	1.81	1.58	1.72
Total Debt / (EBITDA - Capex)	2.22