Technology trading group

Addtech

Addtech is a technology trading group that provides technological and economic value added between manufacturers and customers. The business consists of 130+ independent companies that sell high-tech products and solutions. Its customers primarily operate in the manufacturing industry and infrastructure, and half of sales consists of customized products and solutions. Addtech strives to be market-leading and active in carefully selected niches with high levels of knowledge and technology. The company conducts a very active acquisition strategy with decentralized area of responsibility. The share is listed on Nasdaq Stockholm since 2001.

Financials

Addtech

SEKm 2017 2018 2019
Sales 7178 8022 9610
Sales growth (%) 16,6 11,8 19,8
EBITDA 755 882 1072
EBITDA margin (%) 10,5 11 11,2
EBIT adj 604 689 858
EBIT adj margin (%) 8,4 8,6 8,9
Pretax profit 580 665 815
EPS rep 6,57 7,65 9,42
EPS growth (%) -77,3 16,5 23,1
EPS adj 7,85 9,09 11,35
DPS 3,5 4 4,3
EV/EBITDA (x) 14,6 14,4 13
EV/EBIT adj (x) 18,2 18,5 16,2
P/E (x) 22,6 22 19,1
P/E adj (x) 18,9 18,5 15,8
EV/sales (x) 1,5 1,6 1,4
FCF yield (%) 1,6 0,2 0,6
Dividend yield (%) 2,4 2,4 2,4
Net IB debt/EBITDA 1,3 1,6 1,6

Main shareholders

Addtech

Main shareholders Share capital % Voting shares %
Anders Börjesson & Tisenhult-Gruppen 2.3 % 15.5 %
Swedbank Robur Fonder 9.2 % 6.5 %
SEB Fonder 8.0 % 5.6 %
Lannebo Fonder 7.5 % 5.3 %
Fidelity 6.0 % 4.2 %
ODIN Fonder 5.0 % 3.5 %
Livförsäkringsbolaget Skandia 3.9 % 2.7 %
Mawer Investment Management 3.0 % 2.1 %
Handelsbanken Fonder 2.9 % 2.0 %
Sandrew Aktiebolag 2.6 % 1.9 %