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 2017 2018 2019
Sales 3067 3242 3401
Sales growth (%) 29,3 5,7 4,9
EBITDA 332 378 413
EBITDA margin (%) 10,8 11,7 12,1
EBIT adj 292 320 349
EBIT adj margin (%) 9,5 9,9 10,3
Pretax profit 270 309 343
EPS rep 2,49 2,88 3,19
EPS growth (%) 63,2 15,6 10,9
EPS adj 2,72 3,01 3,28
DPS 0,94 1,11 1,3
EV/EBITDA (x) 8,3 7,1 6
EV/EBIT adj (x) 9,4 8,3 7,1
P/E (x) 11,7 10,6 9,6
P/E adj (x) 10,7 10,1 9,3
EV/sales (x) 0,9 0,8 0,7
FCF yield (%) 7,9 10,4 11
Dividend yield (%) 3,2 3,7 4,3
Net IB debt/EBITDA 1 0,4 -0,1

Main shareholders

Swedol

Main shareholders Share capital % Voting shares %
Nordstjernan 66.4 % 72.0 %
Handelsbanken Fonder 7.2 % 6.0 %
Familjen Zetterberg 2.6 % 2.2 %
Canaccord Genuity Wealth Management 2.2 % 1.9 %
Avanza Pension 2.1 % 1.7 %
Danica Pension 1.4 % 1.2 %
AMF Försäkring & Fonder 1.2 % 1.0 %
Martin Gren (Grenspecialisten) 1.2 % 1.0 %
La Financière de l'Echiquier 1.0 % 0.8 %
Evli Fonder 0.6 % 0.5 %