Added to YB: 2026-04-28
Pitch date: 2026-04-25
TEQ.ST [neutral]
Teqnion AB (publ)
+3.32%
current return
Author Info
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Company Info
Teqnion AB (publ), a diversified industrial company, provides a range of products in selected niche markets in Sweden, United Kingdom, European Union, Norway, United States, and internationally.
Market Cap
SEK 2.7B
Pitch Price
SEK 156.80
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.00
P/E
N/A
EV/Sales
1.69
Sector
Trading Companies and Distributors
Category
N/A
Teqnion Q1 2026
TEQ.ST (earnings): Q1 EBITA +106% to 68 MSEK (14.3% margin), but organic sales -5.4%, net profit -4.4% despite EBITA doubling. Goodwill 111% of equity (tangible equity -166 MSEK). Financial expenses 4x YoY to 17.6 MSEK (25.9% of EBITA). Parent co. loss -0.5 MSEK vs +49.1 MSEK prior year. Working capital drain -30 MSEK, FCF 20 MSEK vs 53 MSEK acquisition spend. Net debt +46% to 337 MSEK (+167 MSEK earn-outs). 34% effective tax rate. Growth entirely from 10 acquisitions (435 MSEK annual sales). Risks: negative tangible equity, rising leverage, no organic growth, parent depends on subsidiar
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