Scandinavian design with a global audience

Lammhults

Lammhults Design Group's business concept is to create positive experiences through modern interiors. The group comprises two business areas: Office & Home Interiors, which develops, produces and markets products for interiors in public and domestic settings, and Public Interiors, which develops, markets and sells interiors and product solutions for public environments. The foundation of the business is based on consumer insight, innovation, design management, sustainability and strong brands. In 2017 sales were SEK 720m with EBIT of SEK 37m. Financial targets include sales growth of 10%, EBIT margin >8%. The shares are listed on Nasdaq OMX Small Cap.

Financials

LAMMHULTS

SEKm 2017 2018 2019
Sales 961 990 1001
Sales growth (%) 16,2 3,1 1,1
EBITDA 69 88 98
EBITDA margin (%) 7,2 8,9 9,8
EBIT adj 49 61 71
EBIT adj margin (%) 5,1 6,1 7,1
Pretax profit 44 55 66
EPS rep 3,97 5,16 5,95
EPS growth (%) 1,8 30,1 15,3
EPS adj 4,08 5,16 5,95
DPS 2 2,5 2,75
EV/EBITDA (x) 8,1 6 5,2
EV/EBIT adj (x) 11,4 8,7 7,3
P/E (x) 12 8,4 7,2
P/E adj (x) 11,6 8,4 7,2
EV/sales (x) 0,6 0,5 0,5
FCF yield (%) 5,6 7,9 10,5
Dividend yield (%) 4,2 5,8 6,4
Net IB debt/EBITDA 2,3 1,9 1,5

Main shareholders

Lammhults

Main shareholders Share capital % Voting shares %
Anders Hultman & Yngve Conradsson 21.3 % 28.1 %
Jerry Fredriksson 5.5 % 22.2 %
Sune Lundqvist (Input Interiör) 12.5 % 5.8 %
Avanza Pension 6.4 % 2.9 %
Marie Louise Sjöberg 1.1 % 2.7 %
Thomas Krishan 4.2 % 1.9 %
Spiltan Fonder 4.1 % 1.9 %
Patrik Enblad 2.7 % 1.2 %
Nordnet Pensionsförsäkring 2.4 % 1.1 %
Lars & Kersti Bülow 2.4 % 1.1 %