Tools and work clothes for professionals

Swedol

Swedol operates through c.95 stores and an omni-channel concept where all sales channels work together to create a unique Swedol experience. This setup is challenging larger companies within the professional segment. Swedol offers a broad range of products that combines quality and value and includes both external brands and strong private labels. The group consists of c.50% workwear and personal protection and c.50% tools and supplies.

Financials

Swedol

SEKm 2018 2019 2020
Sales 3241 3650 3904
Sales growth (%) 5,7 12,6 7
EBITDA 388 451 487
EBITDA margin (%) 12 12,3 12,5
EBIT adj 337 382 412
EBIT adj margin (%) 10,4 10,5 10,6
Pretax profit 317 373 404
EPS rep 3,03 3,47 3,76
EPS growth (%) 21,8 14,5 8,3
EPS adj 3,26 3,56 3,85
DPS 1,24 1,3 1,4
EV/EBITDA (x) 7,5 6,9 6,2
EV/EBIT adj (x) 8,7 8,1 7,3
P/E (x) 10,4 10 9,2
P/E adj (x) 9,6 9,7 9
EV/sales (x) 0,9 0,8 0,8
FCF yield (%) 3,3 7,4 6,5
Dividend yield (%) 4 3,7 4
Net IB debt/EBITDA 0,8 0,5 0,3

Main shareholders

Swedol

Main shareholders Share capital % Voting shares % Verified
Nordstjernan 67.0 % 72.4 % 31 Dec 2018
Handelsbanken Fonder 7.5 % 6.2 % 31 Jan 2019
Avanza Pension 4.1 % 3.4 % 31 Dec 2018
Familjen Zetterberg 2.6 % 2.2 % 31 Dec 2018
Canaccord Genuity Wealth Management 2.3 % 2.0 % 31 Jan 2019
AMF Försäkring & Fonder 1.2 % 1.0 % 31 Jan 2019
Danica Pension 1.1 % 1.0 % 31 Dec 2018
La Financière de l'Echiquier 1.0 % 0.8 % 30 Jun 2018
SEB Fonder 0.6 % 0.5 % 31 Jan 2019
XACT Fonder 0.5 % 0.4 % 31 Jan 2019
Source: Holdings by Modular Finance AB

Insider list

Swedol

Name
Peter Karl Johan Söderberg
Skogsvik Förvaltning AB
Skogsvik Förvaltning AB
Skogsvik Förvaltning AB
Aktiebolaget Zelda
Aktiebolaget Zelda
Aktiebolaget Zelda
Aktiebolaget Zelda
Irene Wisenborn Bellander
Irene Wisenborn Bellander
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