Timber pure-play

Bergs Timber

Bergs Timber is the only listed timber pure-play in Sweden. It sells sawn and processed wood products. ~80% of the group’s products are exported, mainly to the UK, US and other European countries. In January 2018, the company announced its intention to acquire Norvik Timber, a transformational acquisition that will approximately double the group’s production capacity and revenues. Norvik Timber is a vertically integrated group with sawmills, production of processed wood products like windows, houses and furniture, and distribution of own and third-party products.

Financials

Bergs Timber

SEKm 2018 2019 2020
Sales 2029 3380 3258
Sales growth (%) 66,9 66,6 -3,6
EBITDA 205 336 273
EBITDA margin (%) 6,8 10,1 9,9
EBIT adj 36 166 252
EBIT adj margin (%) 3 8,2 7,5
Pretax profit 151 243 178
EPS rep 0,58 0,56 0,41
EPS growth (%) 280,1 -3,6 -26,6
EPS adj 0,61 0,56 0,41
DPS 0,05 0,09 0,14
EV/EBITDA (x) 6,5 4,2 4,7
EV/EBIT adj (x) 8,1 5,6 6,9
P/E (x) 6,5 5,4 7,4
P/E adj (x) 6,2 5,4 7,4
EV/sales (x) 0,7 0,4 0,4
FCF yield (%) -20,5 14,9 17,2
Dividend yield (%) 1,3 3,1 4,6
Net IB debt/EBITDA 2,5 1,2 0,9

Main shareholders

Bergs Timber

Main shareholders Share capital % Voting shares % Verified
Norvik hf 64.7 % 64.7 % 8 Jun 2018
Åke Bergh 3.1 % 3.1 % 31 Dec 2018
Niklas Sjöfors 2.9 % 2.9 % 31 Dec 2018
Danica Pension 2.6 % 2.6 % 31 Dec 2018
Setra Trävaror AB 1.8 % 1.8 % 31 Dec 2018
Per Anders Bendt 1.2 % 1.2 % 31 Dec 2018
Swedbank Försäkring 1.2 % 1.2 % 31 Dec 2018
Nordnet Pensionsförsäkring 0.8 % 0.8 % 31 Dec 2018
Islandsbanki Hf 0.7 % 0.7 % 31 Dec 2018
Avanza Pension 0.6 % 0.6 % 31 Dec 2018
Source: Holdings by Modular Finance AB

Insider list

Bergs Timber

Name
Patrik Ivarsson
Patrik Ivarsson
Christina Marianne Brav
Anders Marklund
Norvik hf.
Patrik Larsson
Sampsa Auvinen
Jon Helgi Gudmundsson
Michael Bertorp
NIKLAS SJÖFORS
Show More