Broadband via fiber network

Bredband2

Bredband2 supplies broadband, IP Telephony, data storage and safety solutions through the fiber network. In addition, the company offers co-location for webservers, e-mail and other operation-critical systems with associated network services such as Internet and VPN. The customer base is mainly private clients, but Bredband2 also offers a variety of different products to companies. Today, Bredband2 is primarily operating in the open city networks, where there is free competition between different operators.

Financials

BREDBAND2

SEKm 2018 2019 2020
Sales 600 641 693
Sales growth (%) 13,9 6,7 8,1
EBITDA 65 73 85
EBITDA margin (%) 10,9 11,3 12,3
EBIT adj 41 49 61
EBIT adj margin (%) 6,8 7,6 8,8
Pretax profit 41 48 60
EPS rep 0,05 0,05 0,07
EPS growth (%) 2,8 19,1 24,9
EPS adj 0,05 0,05 0,07
DPS 0,05 0,05 0,06
EV/EBITDA (x) 11,3 9 7,5
EV/EBIT adj (x) 17,9 13,5 10,5
P/E (x) 27 21,2 16,9
P/E adj (x) 27 21,2 16,9
EV/sales (x) 1,2 1 0,9
FCF yield (%) 5,8 5,5 6,4
Dividend yield (%) 4,1 4,4 5,3
Net IB debt/EBITDA -1,9 -2 -1,9

Main shareholders

Bredband2

Main shareholders Share capital % Voting shares % Verified
Anders Lövgren 16.6 % 16.6 % 31 Dec 2018
Dan Örjan Berglund 13.3 % 13.3 % 31 Dec 2018
Leif Danielsson 7.9 % 7.9 % 31 Dec 2018
Ulf Östberg 3.8 % 3.8 % 31 Dec 2018
Berenberg Funds 3.1 % 3.1 % 30 Nov 2018
Veralda Investment Ltd 2.4 % 2.4 % 30 Sep 2018
Daniel Krook 2.0 % 2.0 % 31 Dec 2018
Avanza Pension 2.0 % 2.0 % 31 Dec 2018
Pelagus Konsult AB 1.7 % 1.7 % 31 Dec 2018
Pie Funds Management Ltd 1.6 % 1.6 % 31 Mar 2018
Source: Holdings by Modular Finance AB

Insider list

Bredband2

Name
Advokat Rolf Johansson AB
Marand Group AB
Mats Robert Burén
Mats Robert Burén
Mats Robert Burén
Mats Robert Burén
Mats Robert Burén
Mats Robert Burén
Mats Robert Burén
Mats Robert Burén
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