Upcoming Dividend • May 05
Upcoming dividend of kr5.10 per share Eligible shareholders must have bought the stock before 12 May 2026. Payment date: 19 May 2026. Payout ratio is a comfortable 73% but the company is paying out more than the cash it is generating. Trailing yield: 2.5%. Lower than top quartile of Swedish dividend payers (4.3%). Higher than average of industry peers (1.8%). Reported Earnings • Apr 30
First quarter 2026 earnings released: EPS: kr0.59 (vs kr1.25 in 1Q 2025) First quarter 2026 results: EPS: kr0.59 (down from kr1.25 in 1Q 2025). Revenue: kr6.74b (down 2.2% from 1Q 2025). Net income: kr379.0m (down 53% from 1Q 2025). Profit margin: 5.6% (down from 12% in 1Q 2025). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Industrials industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 30
Price target decreased by 9.7% to kr247 Down from kr274, the current price target is an average from 3 analysts. New target price is 19% above last closing price of kr208. Stock is down 20% over the past year. The company posted earnings per share of kr7.69 last year. Reported Earnings • Mar 23
Full year 2025 earnings released: EPS: kr7.69 (vs kr9.65 in FY 2024) Full year 2025 results: EPS: kr7.69 (down from kr9.65 in FY 2024). Revenue: kr28.1b (up 8.7% from FY 2024). Net income: kr4.92b (down 20% from FY 2024). Profit margin: 18% (down from 24% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Industrials industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 2% per year. Declared Dividend • Feb 13
Dividend increased to kr5.10 Dividend of kr5.10 is 11% higher than last year. Ex-date: 12th May 2026 Payment date: 19th May 2026 Dividend yield will be 2.3%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (87% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 26% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.6% EPS decline seen over the last 5 years. Reported Earnings • Feb 12
Full year 2025 earnings released: EPS: kr7.69 (vs kr9.65 in FY 2024) Full year 2025 results: EPS: kr7.69 (down from kr9.65 in FY 2024). Revenue: kr28.1b (up 8.7% from FY 2024). Net income: kr4.92b (down 20% from FY 2024). Profit margin: 18% (down from 24% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Industrials industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 2% per year. Announcement • Feb 12
Investment AB Latour (publ) announces Annual dividend, payable on May 19, 2026 Investment AB Latour (publ) announced Annual dividend of SEK 5.1000 per share payable on May 19, 2026, ex-date on May 12, 2026 and record date on May 13, 2026. Announcement • Nov 18
Investment AB Latour (publ) Appoints Andreas Örje Wellstam as New Chief Investment Officer for Latour, Effective April 1, 2025 Investment AB Latour (publ) has appointed Andreas Örje Wellstam new Chief Investment Officer (CIO) of Latour, effective April 1, 2025. Andreas will succeed Johan Menckel who will leave his role no later than April 1, in accordance with previous communication. Andreas most recently served as CEO of Latour's subsidiary Swegon, where he successfully has contributed to its development into a European leader in indoor environment products. Prior to that, Andreas has held several senior positions within Swegon and began his career at Latour in 2010 as Investment Director. Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: kr1.65 (vs kr1.68 in 3Q 2024) Third quarter 2025 results: EPS: kr1.65 (down from kr1.68 in 3Q 2024). Revenue: kr6.75b (up 8.4% from 3Q 2024). Net income: kr1.05b (down 2.1% from 3Q 2024). Profit margin: 16% (down from 17% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Industrials industry in Sweden. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year. New Risk • Aug 19
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (100% cash payout ratio). Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: kr2.30 (vs kr2.58 in 2Q 2024) Second quarter 2025 results: EPS: kr2.30 (down from kr2.58 in 2Q 2024). Revenue: kr7.10b (up 8.8% from 2Q 2024). Net income: kr1.47b (down 11% from 2Q 2024). Profit margin: 21% (down from 25% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Industrials industry in Sweden. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year. Announcement • Jul 15
Investment AB Latour (Publ) Announces Johan Menckel, Chief Investment Officer to Leave by April 1, 2026 Investment AB Latour (publ) announced that Johan Menckel, Chief Investment Officer of Investment AB Latour since 2021, has announced that he has accepted the job as new CEO of LKAB and is leaving his current role at Latour by April 1, 2026 at the latest. Announcement • Jun 11
Investment AB Latour (publ) to Report Fiscal Year 2025 Results on Feb 11, 2026 Investment AB Latour (publ) announced that they will report fiscal year 2025 results on Feb 11, 2026 Announcement • May 09
Investment AB Latour (publ) Approves Dividend Investment AB Latour (publ) at its AGM held on May 8, 2025, approved to distribute a dividend of SEK 4.60 per share. Upcoming Dividend • May 02
Upcoming dividend of kr4.60 per share Eligible shareholders must have bought the stock before 09 May 2025. Payment date: 15 May 2025. Payout ratio is a comfortable 59% but the company is paying out more than the cash it is generating. Trailing yield: 1.8%. Lower than top quartile of Swedish dividend payers (4.1%). Higher than average of industry peers (1.2%). Price Target Changed • Apr 30
Price target decreased by 7.2% to kr289 Down from kr311, the current price target is an average from 2 analysts. New target price is 11% above last closing price of kr261. Stock is down 3.2% over the past year. The company posted earnings per share of kr9.65 last year. Reported Earnings • Apr 29
First quarter 2025 earnings released: EPS: kr1.25 (vs kr3.11 in 1Q 2024) First quarter 2025 results: EPS: kr1.25 (down from kr3.11 in 1Q 2024). Revenue: kr6.88b (up 12% from 1Q 2024). Net income: kr799.0m (down 60% from 1Q 2024). Profit margin: 12% (down from 32% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Industrials industry in Sweden. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. New Risk • Apr 03
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 95% Dividend yield: 1.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Apr 03
Investment AB Latour (publ), Annual General Meeting, May 08, 2025 Investment AB Latour (publ), Annual General Meeting, May 08, 2025, at 16:00 W. Europe Standard Time. Location: at radisson blu scandinavia hotel, sodra hamngatan 59, goteborg Sweden Reported Earnings • Mar 24
Full year 2024 earnings released: EPS: kr9.65 (vs kr9.22 in FY 2023) Full year 2024 results: EPS: kr9.65 (up from kr9.22 in FY 2023). Revenue: kr25.9b (up 1.3% from FY 2023). Net income: kr6.17b (up 4.7% from FY 2023). Profit margin: 24% (in line with FY 2023). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Industrials industry in Sweden. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Declared Dividend • Feb 24
Dividend increased to kr4.60 Dividend of kr4.60 is 12% higher than last year. Ex-date: 9th May 2025 Payment date: 15th May 2025 Dividend yield will be 1.6%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (48% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 3.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 12
Full year 2024 earnings released: EPS: kr9.65 (vs kr9.22 in FY 2023) Full year 2024 results: EPS: kr9.65 (up from kr9.22 in FY 2023). Revenue: kr25.9b (up 1.3% from FY 2023). Net income: kr6.17b (up 4.7% from FY 2023). Profit margin: 24% (in line with FY 2023). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Industrials industry in Sweden. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Feb 11
Investment AB Latour (Publ) Proposes an Increased Dividend for 2024 The Board of Directors of Investment AB Latour (publ) proposed an increased dividend of SEK 4.60 (4.10) per share which is equivalent to an increase of 12.2%. Announcement • Jan 21
Investment AB Latour (Publ) Announces CFO Changes Investment AB Latour (publ) has appointed Mikael Johnsson Albrektsson new CFO for Latour. Mikael will start his role on May 1, 2025, and will succeed Anders Mörck that previously announced that he will leave for pension during 2025. Mikael comes from a position as CEO for Bemsiq AB, where he successfully built a fast-growing business area within Latour. Mikael has previously been Investment Director within Latour and has in total now 8 years within Latour. Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: kr1.68 (vs kr0.87 in 3Q 2023) Third quarter 2024 results: EPS: kr1.68 (up from kr0.87 in 3Q 2023). Revenue: kr6.23b (up 1.9% from 3Q 2023). Net income: kr1.08b (up 94% from 3Q 2023). Profit margin: 17% (up from 9.1% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Industrials industry in Sweden. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 28
Price target increased by 8.8% to kr290 Up from kr266, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of kr298. Stock is up 49% over the past year. The company posted earnings per share of kr9.22 last year. Reported Earnings • Aug 21
Second quarter 2024 earnings released: EPS: kr2.58 (vs kr2.97 in 2Q 2023) Second quarter 2024 results: EPS: kr2.58 (down from kr2.97 in 2Q 2023). Revenue: kr6.52b (down 1.3% from 2Q 2023). Net income: kr1.65b (down 13% from 2Q 2023). Profit margin: 25% (down from 29% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Industrials industry in Sweden. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Recent Insider Transactions • May 31
CFO & Secretary recently bought kr1.7m worth of stock On the 28th of May, Anders Morck bought around 8k shares on-market at roughly kr215 per share. This transaction amounted to 3.2% 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 kr2.0m. This was Anders' only on-market trade for the last 12 months. Recent Insider Transactions • May 16
Executive VP & Chief Investment Officer recently bought kr1.9m worth of stock On the 13th of May, Johan Menckel bought around 7k shares on-market at roughly kr286 per share. This transaction amounted to 4.2% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr2.0m. Insiders have collectively bought kr6.3m more in shares than they have sold in the last 12 months. Announcement • May 15
Investment AB Latour (Publ) Approves Dividend for 2023 Investment AB Latour (publ) approved distribution of a dividend of SEK 4.10 per share at the Annual General Meeting on May 14, 2024 . Upcoming Dividend • May 10
Upcoming dividend of kr4.10 per share Eligible shareholders must have bought the stock before 15 May 2024. Payment date: 21 May 2024. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Swedish dividend payers (4.4%). Higher than average of industry peers (1.3%). Recent Insider Transactions • May 06
Executive VP & Chief Investment Officer recently bought kr2.0m worth of stock On the 2nd of May, Johan Menckel bought around 8k shares on-market at roughly kr267 per share. This transaction amounted to 5.0% 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 kr4.4m more in shares than they have sold in the last 12 months. Announcement • Apr 28
Investment AB Latour (publ) to Report Q4, 2024 Results on Feb 11, 2025 Investment AB Latour (publ) announced that they will report Q4, 2024 results on Feb 11, 2025 Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: kr3.11 (vs kr3.18 in 1Q 2023) First quarter 2024 results: EPS: kr3.11 (down from kr3.18 in 1Q 2023). Revenue: kr6.12b (down 3.9% from 1Q 2023). Net income: kr1.99b (down 2.2% from 1Q 2023). Profit margin: 32% (in line with 1Q 2023). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Industrials industry in Sweden. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 1% per year. Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: kr9.22 (vs kr6.51 in FY 2022) Full year 2023 results: EPS: kr9.22 (up from kr6.51 in FY 2022). Revenue: kr25.6b (up 13% from FY 2022). Net income: kr5.89b (up 42% from FY 2022). Profit margin: 23% (up from 18% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Industrials industry in Sweden. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 26
Investment AB Latour (publ) Announces Chairman, Joakim Rosengren to Not Seek Re-Election After five years in the Board of Investment AB Latour (publ) including one year as the Chairman, Joakim Rosengren has informed the Nomination Committee that he is not available for re-election at the next Annual General Meeting. Declared Dividend • Feb 16
Dividend increased to kr4.10 Dividend of kr4.10 is 11% higher than last year. Ex-date: 15th May 2024 Payment date: 21st May 2024 Dividend yield will be 1.6%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (44% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 13
Full year 2023 earnings released: EPS: kr9.22 (vs kr6.51 in FY 2022) Full year 2023 results: EPS: kr9.22 (up from kr6.51 in FY 2022). Revenue: kr25.6b (up 13% from FY 2022). Net income: kr5.89b (up 42% from FY 2022). Profit margin: 23% (up from 18% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Industrials industry in Sweden. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 12
Investment AB Latour (Publ) Proposes an Increased Dividend for 2023 Investment AB Latour (publ) proposed an increased dividend of SEK 4.10 (3.70) per share, corresponding to an increase of 11%. Price Target Changed • Feb 08
Price target increased by 11% to kr232 Up from kr210, the current price target is an average from 2 analysts. New target price is 13% below last closing price of kr266. Stock is up 18% over the past year. The company posted earnings per share of kr6.51 last year. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: kr0.87 (vs kr1.06 in 3Q 2022) Third quarter 2023 results: EPS: kr0.87 (down from kr1.06 in 3Q 2022). Revenue: kr6.11b (up 8.5% from 3Q 2022). Net income: kr555.0m (down 18% from 3Q 2022). Profit margin: 9.1% (down from 12% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Industrials industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 3% per year. Price Target Changed • Sep 12
Price target decreased by 9.0% to kr210 Down from kr230, the current price target is an average from 3 analysts. New target price is 9.1% above last closing price of kr192. Stock is down 5.6% over the past year. The company posted earnings per share of kr6.51 last year. Announcement • Sep 01
Investment AB Latour (Publ) Announces Appointment of Heléne Mellquist as Executive Vice President and Chief Operating Officer Investment AB Latour (publ) announced that Heléne Mellquist has been employed as Executive Vice President and Chief Operating Officer in Latour. Latour's operations have had a strong growth for a long time. With this as a background, it is natural to adapt and strengthen the organisation to continue growing in combination with an active ownership and a delegated organisation. Heléne Mellquist has a long industrial and international experience from senior positions within, among others, Volvo Group, most recently as CEO for Volvo Penta. Heléne's background and profile fit well into Latour, a long-term principal owner in leading international industrial companies. As part of the management team Heléne will share the ownership responsibility for Latour´s holdings with the rest of the management in Latour. Announcement • Aug 27
Joakim Rosengren acquired additional minority stake in Investment AB Latour (publ) (OM:LATO B) for SEK 1.9 million. Joakim Rosengren acquired additional minority stake in Investment AB Latour (publ) (OM:LATO B) for SEK 1.9 million on August 25, 2023. Pursuant to transaction, Joakim Rosengren bought 10,000 additional shares in Investment AB Latour and now owns 18,000 shares in it.Joakim Rosengren completed the acquisition of additional minority stake in Investment AB Latour (publ) (OM:LATO B) on August 25, 2023. Recent Insider Transactions • Aug 25
Independent Chairman of the board recently bought kr1.9m worth of stock On the 22nd of August, Joakim Rosengren bought around 10k shares on-market at roughly kr188 per share. This transaction amounted to 67% 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 kr4.4m. Joakim has been a buyer over the last 12 months, purchasing a net total of kr3.9m worth in shares. Reported Earnings • Aug 22
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr6.61b (up 19% from 2Q 2022). Net income: kr1.90b (up 103% from 2Q 2022). Profit margin: 29% (up from 17% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Industrials industry in Sweden. Recent Insider Transactions • Jun 04
President recently bought kr4.4m worth of stock On the 1st of June, Johan Hjertonsson bought around 32k shares on-market at roughly kr137 per share. This transaction amounted to 64% 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 Johan's only on-market trade for the last 12 months. Price Target Changed • May 24
Price target increased by 11% to kr249 Up from kr225, the current price target is an average from 3 analysts. New target price is 18% above last closing price of kr212. Stock is down 6.3% over the past year. The company posted earnings per share of kr6.51 last year. Recent Insider Transactions • May 09
Independent Director recently bought kr250k worth of stock On the 5th of May, Mariana Linder bought around 1k shares on-market at roughly kr226 per share. This transaction amounted to 1.2% 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 kr2.0m. Insiders have collectively bought kr2.3m more in shares than they have sold in the last 12 months. Upcoming Dividend • May 04
Upcoming dividend of kr3.70 per share at 1.6% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 17 May 2023. Payout ratio is a comfortable 57% but the company is paying out more than the cash it is generating. Trailing yield: 1.6%. Lower than top quartile of Swedish dividend payers (5.1%). Higher than average of industry peers (1.4%). Recent Insider Transactions • Mar 28
Independent Director recently bought kr2.0m worth of stock On the 23rd of March, Joakim Rosengren bought around 10k shares on-market at roughly kr200 per share. This transaction increased Joakim's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr2.2m more in shares than they have sold in the last 12 months. Price Target Changed • Feb 13
Price target increased by 20% to kr260 Up from kr218, the current price target is provided by 1 analyst. New target price is 11% above last closing price of kr234. Stock is down 12% over the past year. The company posted earnings per share of kr6.51 last year. Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: kr6.51 (vs kr6.85 in FY 2021) Full year 2022 results: EPS: kr6.51 (down from kr6.85 in FY 2021). Revenue: kr22.6b (up 22% from FY 2021). Net income: kr4.16b (down 4.9% from FY 2021). Profit margin: 18% (down from 24% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Feb 10
Investment AB Latour (Publ) Proposes Dividend for the Year 2022 Investment AB Latour (publ) announced that Board of Directors proposes an increased dividend of SEK 3.70 per share for the year 2022 against SEK 3.30 per share for the same period a year ago. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Director Ulrika Kolsrud was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Third quarter 2022 earnings released: EPS: kr1.06 (vs kr1.65 in 3Q 2021) Third quarter 2022 results: EPS: kr1.06 (down from kr1.65 in 3Q 2021). Revenue: kr5.63b (up 27% from 3Q 2021). Net income: kr679.0m (down 36% from 3Q 2021). Profit margin: 12% (down from 24% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Reported Earnings • Aug 23
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr5.56b (up 15% from 2Q 2021). Net income: kr938.0m (down 20% from 2Q 2021). Profit margin: 17% (down from 24% in 2Q 2021). 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 increased by 19% per year, which means it is well ahead of earnings. Board Change • Jun 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Director Ulrika Kolsrud was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions Derivative • May 26
CFO & Secretary exercised options to buy kr2.7m worth of stock. On the 23rd of May, Anders Morck exercised options to buy 12k shares at a strike price of around kr111, costing a total of kr1.3m. This transaction amounted to 8.5% of their direct individual holding at the time of the trade. Since June 2021, Anders has owned 141.00k shares directly. Company insiders have collectively bought kr2.6m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • May 08
Independent Director recently bought kr201k worth of stock On the 2nd of May, Lena Olving bought around 810 shares on-market at roughly kr248 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr310k. Insiders have collectively bought kr1.3m more in shares than they have sold in the last 12 months. Upcoming Dividend • May 04
Upcoming dividend of kr3.30 per share Eligible shareholders must have bought the stock before 11 May 2022. Payment date: 17 May 2022. Trailing yield: 1.4%. Lower than top quartile of Swedish dividend payers (4.8%). Higher than average of industry peers (1.2%). 
