Technology trading group

Addtech

Addtech is a technology trading group that provides technological and economic value added between manufacturers and customers. The business consists of 130+ independent companies that sell high-tech products and solutions. Its customers primarily operate in the manufacturing industry and infrastructure, and half of sales consists of customized products and solutions. Addtech strives to be market-leading and active in carefully selected niches with high levels of knowledge and technology. The company conducts a very active acquisition strategy with decentralized area of responsibility. The share is listed on Nasdaq Stockholm since 2001.

Financials

Addtech

SEKm 2017 2018 2019
Sales 7178 8022 9523
Sales growth (%) 16,6 11,8 18,7
EBITDA 755 882 1058
EBITDA margin (%) 10,5 11 11,1
EBIT adj 604 689 852
EBIT adj margin (%) 8,4 8,6 8,9
Pretax profit 580 665 809
EPS rep 30,98 7,65 9,35
EPS growth (%) 432,1 -75,3 22,1
EPS adj 7,85 9,09 11,22
DPS 3,5 4 4,3
EV/EBITDA (x) 14,6 14,4 14,1
EV/EBIT adj (x) 18,2 18,5 17,6
P/E (x) 4,8 22 21,4
P/E adj (x) 18,9 18,5 17,8
EV/sales (x) 1,5 1,6 1,6
FCF yield (%) 1,6 0,2 1,3
Dividend yield (%) 2,4 2,4 2,2
Net IB debt/EBITDA 1,3 1,6 1,4