Mobile phones for the elderly

Doro

DORO is one of the world's leading brands of mobile phones and other telecom products that are easy to use. The company develops and commercializes products that are especially adapted for the growing number of seniors in the world. Its business is divided into the segments Consumer (products) and Care (services). DORO is established in over 40 countries on five continents, with the Nordics, Great Britain and North America being its primary markets.

Financials

DORO

SEKm 2017 2018 2019
Sales 1924 1960 2062
Sales growth (%) -1,8 1,9 5,2
EBITDA 156 207 228
EBITDA margin (%) 8,1 10,5 11,1
EBIT adj 97 141 153
EBIT adj margin (%) 5 7,2 7,4
Pretax profit 93 133 148
EPS rep 2,87 4,25 4,86
EPS growth (%) 115,1 48,3 14,5
EPS adj 3,01 4,63 4,86
DPS 0 1 1,3
EV/EBITDA (x) 7,3 5 4,2
EV/EBIT adj (x) 11,8 7,4 6,2
P/E (x) 15,3 8,9 7,7
P/E adj (x) 14,5 8,1 7,7
EV/sales (x) 0,6 0,5 0,5
FCF yield (%) 4,8 1,4 12,9
Dividend yield (%) 0 2,7 3,5
Net IB debt/EBITDA 0,7 0,7 0,2

Main shareholders

Doro

Main shareholders Share capital % Voting shares %
Accendo Capital 15.5 % 15.5 %
Rite Ventures 10.3 % 10.3 %
Lazard Asset Management 5.7 % 5.7 %
Humle Fonder 3.7 % 3.7 %
Nordea Fonder 3.1 % 3.1 %
Dimensional Fund Advisors 2.7 % 2.7 %
Avanza Pension 2.5 % 2.5 %
Bengt Julander 2.5 % 2.5 %
Theodor Jeansson 2.2 % 2.2 %
Doro AB 1.8 % 1.8 %