A Nordic acquisition-oriented distribution group in IT accessories and consumer electronics

DistIT

DistIT acquires, owns and develops distributors of accessories for IT, Mobility, Multimedia, Network and data communications in the Nordic and Baltic countries. DistIT and its subsidiaries have a firm track record of value-added acquisitions, but also divestments such as Alcadon in 2016. Today DistIT consists of Deltaco, Aurora Group, Septon Electronics and Sominis Technology. Sales were SEK 1.8bn in 2017 with an EBIT margin of 3.3%. Financial targets are 10% EPS growth and an equity ratio >35%. The shares are listed on NASDAQ First North.

Financials

DistIT

SEKm 2018 2019 2020
Sales 2246 2399 2471
Sales growth (%) 26,1 6,8 3
EBITDA 87 110 N/A
EBITDA margin (%) 4 3,9 4,6
EBIT adj 61 86 99
EBIT adj margin (%) 3,4 3,8 4,1
Pretax profit 61 88 99
EPS rep 3,6 5,3 5,9
EPS growth (%) -89,7 46,9 11,5
EPS adj 4,44 5,3 5,9
DPS 1,6 2 2,15
EV/EBITDA (x) 8,5 6,5 5,8
EV/EBIT adj (x) 8,5 7,2 6,4
P/E (x) 10 6,8 6,1
P/E adj (x) 8,1 6,8 6,1
EV/sales (x) 0,3 0,3 0,3
FCF yield (%) -7,2 9,4 12,7
Dividend yield (%) 4,4 5,5 5,9
Net IB debt/EBITDA 3,1 2,2 1,8

Company news

DISTIT

KALLELSE TILL EXTRA BOLAGSSTÄMMA

16 January 2019

Main shareholders

DistIT

Main shareholders Share capital % Voting shares % Verified
Anders Bladh 13.8 % 13.8 % 30 Sep 2018
Athanase Industrial Partners 12.6 % 12.6 % 28 Dec 2018
Avanza Pension 10.6 % 10.6 % 31 Dec 2018
Humle Fonder 6.7 % 6.7 % 31 Dec 2018
Theodor Jeansson 6.6 % 6.6 % 31 Dec 2018
Catella Fonder 5.4 % 5.4 % 31 Dec 2018
Carl Rosvall 2.9 % 2.9 % 31 Dec 2018
Siamak Alian 2.4 % 2.4 % 31 Dec 2018
Kristoffer Jeansson 2.0 % 2.0 % 31 Dec 2018
Taaleritehtaan Rahastoyhtiö Oy 1.9 % 1.9 % 31 Dec 2018
Source: Holdings by Modular Finance AB

Insider list

DistIT

Name
Robert Erik Rosenzweig
Robert Erik Rosenzweig
Robert Erik Rosenzweig
Athanase Industrial Partners Fund II Ltd
Athanase Capital Partners AB
Stefan Maximilian Charette
Athanase Capital Partners AB
Charette Group Ltd
Athanase Industrial Partners II AB
Athanase Industrial Partners Fund II Ltd
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