New Risk • Jul 21
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 159% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Jul 19
Second quarter 2026 earnings released: EPS: kr0.08 (vs kr0.10 loss in 2Q 2025) Second quarter 2026 results: EPS: kr0.08 (up from kr0.10 loss in 2Q 2025). Revenue: kr870.0m (flat on 2Q 2025). Net income: kr12.0m (up kr27.0m from 2Q 2025). Profit margin: 1.4% (up from net loss in 2Q 2025). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Food industry in Sweden. Over the last 3 years on average, earnings per share has increased by 143% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 01
President of South Europe Division recently bought kr281k worth of stock On the 26th of May, Marjolaine Cevoz-Goyat bought around 21k shares on-market at roughly kr13.70 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth kr301k. Insiders have collectively bought kr2.0m more in shares than they have sold in the last 12 months. Upcoming Dividend • Apr 30
Upcoming dividend of kr0.22 per share Eligible shareholders must have bought the stock before 07 May 2026. Payment date: 13 May 2026. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Swedish dividend payers (4.2%). Lower than average of industry peers (2.3%). Recent Insider Transactions • Apr 27
Chief Financial Officer recently bought kr301k worth of stock On the 24th of April, Niclas Lundin bought around 25k shares on-market at roughly kr12.05 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr309k. This was Niclas' only on-market trade for the last 12 months. Reported Earnings • Apr 26
First quarter 2026 earnings released: EPS: kr0.57 (vs kr0.048 in 1Q 2025) First quarter 2026 results: EPS: kr0.57 (up from kr0.048 in 1Q 2025). Revenue: kr893.0m (down 4.7% from 1Q 2025). Net income: kr82.0m (up kr75.0m from 1Q 2025). Profit margin: 9.2% (up from 0.7% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Food industry in Sweden. Over the last 3 years on average, earnings per share has increased by 144% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Apr 24
Midsona AB (publ) to Report Q1, 2027 Results on Apr 27, 2027 Midsona AB (publ) announced that they will report Q1, 2027 results on Apr 27, 2027 Announcement • Mar 31
Jari Latvanen Declines Re-Election as Board Member of Midsona AB (Publ) Midsona AB (publ) announced that Jari Latvanen has declined re-election as Board member. Announcement • Mar 18
Midsona AB (publ) to Report Fiscal Year 2025 Final Results on Apr 08, 2026 Midsona AB (publ) announced that they will report fiscal year 2025 final results at 9:00 AM, Central European Standard Time on Apr 08, 2026 Announcement • Feb 14
Midsona AB (Publ) Announces Jari Latvanen, Decline Re-Election as Board member Midsona AB (publ) at the Annual General Meeting on 6 May 2026 Jari Latvanen has declined re-election as board member. Recent Insider Transactions • Feb 04
Independent Director recently bought kr309k worth of stock On the 2nd of February, Tomas Bergendahl bought around 30k shares on-market at roughly kr10.30 per share. This transaction increased Tomas' direct individual holding by 6x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr429k more in shares than they have sold in the last 12 months. Declared Dividend • Feb 02
Dividend increased to kr0.22 Dividend of kr0.22 is 10.0% higher than last year. Ex-date: 7th May 2026 Payment date: 13th May 2026 Dividend yield will be 2.2%, which is higher than the industry average of 1.5%. Sustainability & Growth Dividend is not covered by earnings (320% earnings payout ratio). However, it is well covered by cash flows (16% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 255% to bring the payout ratio under control. EPS is expected to grow by 200% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Feb 01
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: kr0.069 (down from kr0.32 in FY 2024). Revenue: kr3.63b (down 2.6% from FY 2024). Net income: kr10.0m (down 79% from FY 2024). Profit margin: 0.3% (down from 1.3% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 1.7% growth forecast for the Food industry in Sweden. Over the last 3 years on average, earnings per share has increased by 137% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jan 30
Midsona AB (publ) Proposes Dividend for 2025 Midsona AB (publ) announced that the Board of Directors proposed that a dividend of SEK 0.22 per share be paid for 2025, corresponding to SEK 31,994,178 against SEK 0.20 per share corresponding to SEK 29,085,616 paid last year. Announcement • Jan 28
Midsona AB Announces Chief Financial Officer Changes Midsona AB appointed Niclas Lundin as its new Chief Financial Officer, effective March 1, 2026. Niclas Lundin, born in 1972, most recently comes from Danir Group where he has had a combined role as CFO of the Group and CEO of the parent company. Prior to that, he held several senior finance positions, including as CFO at Skånemejerier. Niclas Lundin holds a Master’s degree in Accounting from Lund University and has previously been an authorised public accountant. Midsona’s current CFO, Max Bokander, will leave Midsona on March 31, 2026. Reported Earnings • Oct 23
Third quarter 2025 earnings released: kr0.11 loss per share (vs kr0.062 profit in 3Q 2024) Third quarter 2025 results: kr0.11 loss per share (down from kr0.062 profit in 3Q 2024). Revenue: kr895.0m (down 2.6% from 3Q 2024). Net loss: kr15.0m (down 267% from profit in 3Q 2024). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Food industry in Sweden. Over the last 3 years on average, earnings per share has increased by 127% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Oct 22
New major risk - Revenue and earnings growth Earnings have declined by 26% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (145% payout ratio). Announcement • Oct 16
Midsona AB (publ), Annual General Meeting, May 06, 2026 Midsona AB (publ), Annual General Meeting, May 06, 2026. New Risk • Oct 10
New major risk - Revenue and earnings growth Earnings have declined by 26% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (145% payout ratio). Announcement • May 08
Midsona AB (Publ) Approves Dividend, Payable on May 14, 2025 Midsona AB (publ) resolved on a dividend of SEK 0.20 per share. The record date for the dividend was set at May 9, 2025, and payment through Euroclear Sweden AB is expected to be made on May 14, 2025. Upcoming Dividend • May 01
Upcoming dividend of kr0.20 per share Eligible shareholders must have bought the stock before 08 May 2025. Payment date: 14 May 2025. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Swedish dividend payers (4.0%). In line with average of industry peers (2.3%). Reported Earnings • Apr 27
First quarter 2025 earnings released: EPS: kr0.05 (vs kr0.11 in 1Q 2024) First quarter 2025 results: EPS: kr0.05 (down from kr0.11 in 1Q 2024). Revenue: kr937.0m (flat on 1Q 2024). Net income: kr7.00m (down 56% from 1Q 2024). Profit margin: 0.7% (down from 1.7% in 1Q 2024). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Food industry in Sweden. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 01
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: kr0.33 (up from kr0.36 loss in FY 2023). Revenue: kr3.73b (down 1.7% from FY 2023). Net income: kr47.0m (up kr100.0m from FY 2023). Profit margin: 1.3% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Food industry in Sweden. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Announcement • Feb 01
Midsona AB (publ) Announces Peter Åsberg to Leave as CEO Midsona AB (publ) announced that Peter Åsberg will leave his position as CEO of Midsona AB but will remain in his role during a transition period until a successor assumes office. The Board of Directors will now initiate the process of recruiting a successor. Announcement • Jan 16
Midsona Appoints Josefin Kronstrand as Group Purchasing Director Midsona establishes a central purchasing function and appoints Josefin Kronstrand to lead it. Josefin Kronstrand was born in 1981, has a Master of Science in Business Administration from the University of Gothenburg and comes to Midsona from Lantmännen, where she holds the position as Head of Procurement in the Lantmännen Cerealia business area. She has extensive experience from senior roles within Lantmännen and Sony Nordic. Josefin Kronstrand will report to CEO and president Peter Åsberg and will start her employment at Midsona on 15 March 2025. Josefin Kronstrand will be part of Midsona's Group Management from the date of taking up the position as Purchasing Director. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: kr0.07 (vs kr0.12 loss in 3Q 2023) Third quarter 2024 results: EPS: kr0.07 (up from kr0.12 loss in 3Q 2023). Revenue: kr919.0m (flat on 3Q 2023). Net income: kr9.00m (up kr27.0m from 3Q 2023). Profit margin: 1.0% (up from net loss in 3Q 2023). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Food industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jul 19
Second quarter 2024 earnings released: EPS: kr0.02 (vs kr0.22 loss in 2Q 2023) Second quarter 2024 results: EPS: kr0.02 (up from kr0.22 loss in 2Q 2023). Revenue: kr918.0m (up 2.8% from 2Q 2023). Net income: kr3.00m (up kr35.0m from 2Q 2023). Profit margin: 0.3% (up from net loss in 2Q 2023). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Food industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has fallen by 46% per year, which means it is performing significantly worse than earnings. New Risk • Jul 11
New major risk - Revenue and earnings growth Earnings have declined by 53% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Jul 03
Midsona Announces Management Changes Midsona's implementation of the new strategy continues, with the aim of strengthening profitability and achieving the new financial targets. As a next step, the Group is now establishing central functions for Marketing & Innovation, Purchasing and HR to increase coordination and create the right conditions for profitable growth. Within these focus areas, cutting-edge expertise is recruited internally, who in their new roles will be part of the Group Management. In order to successfully implement the new strategy, Midsona's management and board have decided to strengthen the central coordination between the different divisions, but also the various functions. Three focus areas that strengthen the strategy: By establishing central and cross-divisional functions for the areas of Marketing & Innovation, Purchasing and HR, a stronger foundation is created for creating growth opportunities. The organisational structure will come into effect as of August 15, 2024. Markus Wessner will be Ulrikas Palm's successor as Division Director Nordics. As previously communicated, Ulrika Palm will leave the Group in the autumn of 2024. Today, Markus has the role of Country Director for Midsona Sweden and Denmark. He has a background in sales and marketing from companies such as Cloetta, Kellogg's, BRIO and ICA. Anna Törnebrant, former Nordic Consumer & Marketing Director, will take on the role of Chief Marketing Officer. Anna has previous experience as CEO of Sydgrönt and leading positions in sales and marketing within Mars Inc. and Barilla. Åsa Gavelstad, former Nordic HR Manager, will take on the role of Director HR. Åsa has previously worked as HR Manager at Abdon Food and before that in several HR roles within Sony Ericsson Mobile. Announcement • Jun 20
Midsona AB (Publ) Announces Resignation of Ulrika Palm as Division Director Nordics Ulrika Palm, Midsona's Division Director Nordics since 2018 and part of Midsona's Group Management since 2016, has chosen to leave the company for a position outside the company. Ulrika will leave her position at Midsona in the autumn of 2024. Midsona now starts the process to recruit Ulrika's successor. Announcement • May 08
Midsona AB (Publ) Appoints Tomas Bergendahl as Director Midsona AB (publ) announced that at its AGM held on May 7, 2024, announced that Tomas Bergendahl was elected as new Director of the Board, for the period until the next Annual General Meeting. Recent Insider Transactions • Apr 28
Director recently bought kr774k worth of stock On the 25th of April, Johan Wester bought around 95k shares on-market at roughly kr8.15 per share. This transaction amounted to 41% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr872k more in shares than they have sold in the last 12 months. New Risk • Apr 26
New major risk - Revenue and earnings growth Earnings have declined by 53% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: kr0.11 (vs kr0.041 loss in 1Q 2023) First quarter 2024 results: EPS: kr0.11 (up from kr0.041 loss in 1Q 2023). Revenue: kr929.0m (down 4.6% from 1Q 2023). Net income: kr16.0m (up kr22.0m from 1Q 2023). Profit margin: 1.7% (up from net loss in 1Q 2023). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Food industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 11 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Feb 29
Independent Chairman recently bought kr98k worth of stock On the 23rd of February, Patrik Andersson bought around 14k shares on-market at roughly kr7.26 per share. This transaction amounted to 56% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Patrik's only on-market trade for the last 12 months. New Risk • Feb 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr1.04b (US$100.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 01
Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat Full year 2023 results: kr0.36 loss per share (improved from kr6.73 loss in FY 2022). Revenue: kr3.79b (down 2.7% from FY 2022). Net loss: kr53.0m (loss narrowed 89% from FY 2022). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Food industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 31 percentage points per year, which is a significant difference in performance. Announcement • Nov 10
Midsona Implements Management Changes in Division North Europe In the light of Erk Schuchhardt's decision to step down from his role as Director for Division North Europe, Heiko Hintze will assume this role and he will also be part of the Group Management. Heiko Hintze has been Commercial Director of the division since spring 2023. During his short time at Midsona, Heiko Hintze has reorganized the commercial function within the division and concluded several customer agreements that are expected to have a positive effect from the beginning of 2024. He is an experienced leader who in previous roles has driven growth and created results. He has held several senior positions, including Managing Director of Santaverde and General Manager of Yogi Tea where he successfully built the European business. He has also held senior roles at Cadbury and Colgate-Palmolive. Erk Schuchardt, sold the family business Davert GmbH, to Midsona in 2018 and subsequently stayed on as Managing Director and played an important role in the integration of the business into Midsona. Announcement • Oct 31
Midsona AB (Publ) Announces Board Appointments Midsona AB (publ) announced the members of the nomination committee ahead of the company's 2024 Annual General Meeting have now been appointed and the members of the nomination committee are: Henrik Munthe, Stena Adactum AB, Chair of the Nomination Committee; Bengt Belfrage, Nordea Fonder; Rune Bro Róin, Roin Holding ApS; Patrik Andersson, Chair of the Board in Midsona. Reported Earnings • Oct 27
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr923.0m (down 2.2% from 3Q 2022). Net loss: kr18.0m (loss narrowed 96% from 3Q 2022). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Food industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Announcement • Oct 12
Midsona AB (publ) to Report First Half, 2024 Results on Jul 18, 2024 Midsona AB (publ) announced that they will report first half, 2024 results on Jul 18, 2024 Reported Earnings • Jul 20
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr893.0m (down 6.6% from 2Q 2022). Net loss: kr32.0m (loss widened 60% from 2Q 2022). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Food industry in Sweden. Announcement • May 06
Midsona AB (publ) Approves Election of Anna-Karin Falk as Ordinary Board Members Midsona AB (publ) approved the election of Anna-Karin Falk as ordinary Board members, at its AGM held on May 4, 2023. Reported Earnings • Apr 28
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr974.0m (flat on 1Q 2022). Net loss: kr6.00m (down 150% from profit in 1Q 2022). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Food industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 05
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: kr6.73 loss per share (down from kr1.31 profit in FY 2021). Revenue: kr3.90b (up 3.3% from FY 2021). Net loss: kr501.0m (down kr590.0m from profit in FY 2021). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 1.2%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Food industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Dec 21
Director recently bought kr417k worth of stock On the 12th of December, Johan Wester bought around 50k shares on-market at roughly kr8.34 per share. This transaction amounted to 54% of their direct individual holding 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 kr23m more in shares than they bought in the last 12 months. Recent Insider Transactions • Dec 14
Director recently bought kr417k worth of stock On the 12th of December, Johan Wester bought around 50k shares on-market at roughly kr8.34 per share. This transaction amounted to 54% of their direct individual holding 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 kr23m more in shares than they bought in the last 12 months. Announcement • Dec 07
Midsona AB (publ) to Report Nine Months, 2023 Results on Oct 26, 2023 Midsona AB (publ) announced that they will report nine months, 2023 results on Oct 26, 2023 Recent Insider Transactions • Dec 01
Independent Director recently sold kr1.3m worth of stock On the 24th of November, Peter Wahlberg sold around 161k shares on-market at roughly kr7.99 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth kr5.3m. Insiders have been net sellers, collectively disposing of kr23m more than they bought in the last 12 months. Price Target Changed • Nov 16
Price target decreased to kr32.00 Down from kr47.50, the current price target is an average from 2 analysts. New target price is 299% above last closing price of kr8.02. Stock is down 84% over the past year. The company is forecast to post a net loss per share of kr6.60 compared to earnings per share of kr1.31 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Henrik Stenqvist was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Nov 09
Price target decreased to kr32.00 Down from kr47.50, the current price target is an average from 2 analysts. New target price is 293% above last closing price of kr8.14. Stock is down 84% over the past year. The company is forecast to post a net loss per share of kr6.60 compared to earnings per share of kr1.31 last year. Reported Earnings • Oct 26
Third quarter 2022 earnings: Revenues miss analyst expectations Third quarter 2022 results: Revenue: kr944.0m (up 5.7% from 3Q 2021). Net loss: kr478.0m (down kr509.0m from profit in 3Q 2021). Revenue missed analyst estimates by 6.2%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Food industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 46% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorated over the past week After last week's 25% share price decline to kr9.87, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Food industry in Europe. Total loss to shareholders of 78% over the past three years. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr15.54, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Food industry in Europe. Total loss to shareholders of 63% over the past three years. Price Target Changed • Aug 12
Price target decreased to kr44.00 Down from kr47.50, the current price target is an average from 3 analysts. New target price is 93% above last closing price of kr22.80. Stock is down 70% over the past year. The company is forecast to post earnings per share of kr0.73 for next year compared to kr1.31 last year. Reported Earnings • Jul 21
Second quarter 2022 earnings: Revenues in line with analyst expectations Second quarter 2022 results: Revenue: kr956.0m (up 5.9% from 2Q 2021). Net loss: kr20.0m (down 183% from profit in 2Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 6.8%, compared to a 7.2% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Announcement • Jul 20
Midsona AB (publ) to Report First Half, 2023 Results on Jul 20, 2023 Midsona AB (publ) announced that they will report first half, 2023 results on Jul 20, 2023 Recent Insider Transactions • Jun 05
Director of Operations recently sold kr75k worth of stock On the 1st of June, Tobias Traneborn sold around 3k shares on-market at roughly kr24.05 per share. This was the largest sale by an insider in the last 3 months. This was Tobias' only on-market trade for the last 12 months. Board Change • May 12
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Henrik Stenqvist was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 29
First quarter 2022 earnings: Revenues miss analyst expectations First quarter 2022 results: Revenue: kr972.0m (flat on 1Q 2021). Net income: kr12.0m (down 64% from 1Q 2021). Profit margin: 1.2% (down from 3.4% in 1Q 2021). Revenue missed analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 7.3%, compared to a 11% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Price Target Changed • Apr 27
Price target decreased to kr47.50 Down from kr53.00, the current price target is an average from 3 analysts. New target price is 100% above last closing price of kr23.75. Stock is down 71% over the past year. The company is forecast to post earnings per share of kr1.72 for next year compared to kr1.31 last year. Major Estimate Revision • Apr 14
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from kr1.88 to kr2.24. Revenue forecast steady at kr4.02b. Net income forecast to grow 83% next year vs 15% growth forecast for Personal Products industry in Sweden. Consensus price target of kr47.50 unchanged from last update. Share price fell 2.2% to kr24.65 over the past week. Reported Earnings • Apr 12
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: kr1.31 (down from kr2.71 in FY 2020). Revenue: kr3.77b (up 1.7% from FY 2020). Net income: kr89.0m (down 49% from FY 2020). Profit margin: 2.4% (down from 4.7% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 6.6%, compared to a 9.5% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Feb 16
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from kr2.35 to kr1.93 per share. Revenue forecast steady at kr4.02b. Net income forecast to grow 58% next year vs 10% growth forecast for Personal Products industry in Sweden. Consensus price target of kr47.50 unchanged from last update. Share price was steady at kr37.85 over the past week. Recent Insider Transactions • Feb 08
Independent Director recently bought kr389k worth of stock On the 7th of February, Henrik Stenqvist bought around 10k shares on-market at roughly kr38.86 per share. 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. Reported Earnings • Feb 05
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: kr1.22 (down from kr2.71 in FY 2020). Revenue: kr3.77b (up 1.7% from FY 2020). Net income: kr89.0m (down 49% from FY 2020). Profit margin: 2.4% (down from 4.7% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 7.5%, compared to a 8.8% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment deteriorated over the past week After last week's 18% share price decline to kr44.55, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 30x in the Personal Products industry in Europe. Total loss to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr88.79 per share. Price Target Changed • Nov 11
Price target decreased to kr60.00 Down from kr80.75, the current price target is an average from 3 analysts. New target price is 19% above last closing price of kr50.60. Stock is down 29% over the past year. The company is forecast to post earnings per share of kr1.89 for next year compared to kr2.71 last year. Price Target Changed • Oct 25
Price target decreased to kr68.75 Down from kr80.75, the current price target is an average from 3 analysts. New target price is 25% above last closing price of kr54.80. Stock is down 14% over the past year. The company is forecast to post earnings per share of kr2.05 for next year compared to kr2.71 last year. Reported Earnings • Oct 23
Third quarter 2021 earnings released The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: kr893.0m (up 8.8% from 3Q 2020). Net income: kr31.0m (down 8.8% from 3Q 2020). Profit margin: 3.5% (down from 4.1% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Oct 18
Upcoming dividend of kr0.60 per share Eligible shareholders must have bought the stock before 25 October 2021. Payment date: 29 October 2021. Trailing yield: 2.0%. Lower than top quartile of Swedish dividend payers (3.6%). In line with average of industry peers (1.9%). Recent Insider Transactions • Aug 28
Director recently bought kr1.0m worth of stock On the 26th of August, Johan Wester bought around 15k shares on-market at roughly kr68.57 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr5.3m more in shares than they bought in the last 12 months. Major Estimate Revision • Aug 03
Consensus EPS estimates increase to kr2.77 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from kr3.92b to kr4.00b. EPS estimate increased from kr2.49 to kr2.77 per share. Net income forecast to grow 38% next year vs 16% growth forecast for Personal Products industry in Sweden. Consensus price target down from kr83.25 to kr80.75. Share price rose 2.8% to kr73.00 over the past week. Major Estimate Revision • Jul 29
Consensus EPS estimates fall to kr2.49 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from kr4.11b to kr3.92b. EPS estimate also fell from kr3.24 to kr2.49. Net income forecast to grow 33% next year vs 16% growth forecast for Personal Products industry in Sweden. Consensus price target down from kr91.25 to kr83.25. Share price was steady at kr72.00 over the past week.