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 2018 2019 2020
Sales 990 1001 1035
Sales growth (%) 3,1 1,1 3,4
EBITDA 88 98 N/A
EBITDA margin (%) 7,2 8,9 9,8
EBIT adj 49 61 71
EBIT adj margin (%) 5,1 6,1 7,1
Pretax profit 55 66 73
EPS rep 5,16 5,95 6,6
EPS growth (%) 30,1 15,3 10,9
EPS adj 5,16 5,95 6,6
DPS 2,5 2,75 2,75
EV/EBITDA (x) 5,8 5,1 4,5
EV/EBIT adj (x) 8,4 7 6,1
P/E (x) 7,9 6,9 6,2
P/E adj (x) 7,9 6,9 6,2
EV/sales (x) 0,5 0,5 0,5
FCF yield (%) 8,3 11 13
Dividend yield (%) 6,1 6,7 6,7
Net IB debt/EBITDA 1,9 1,5 1,2

Main shareholders

Lammhults

Main shareholders Share capital % Voting shares % Verified
Anders Hultman & Yngve Conradsson 21.4 % 28.7 % 31 Dec 2018
Jerry Fredriksson 5.5 % 22.2 % 31 Dec 2018
Sune Lundqvist (Input Interiör) 12.5 % 5.8 % 31 Dec 2018
Avanza Pension 6.4 % 2.9 % 31 Dec 2018
Marie Louise Sjöberg 1.1 % 2.7 % 31 Dec 2018
Thomas Krishan 4.2 % 1.9 % 31 Dec 2018
Spiltan Fonder 4.1 % 1.9 % 31 Dec 2018
Patrik Enblad 2.7 % 1.2 % 31 Dec 2018
Nordnet Pensionsförsäkring 2.4 % 1.1 % 31 Dec 2018
Lars & Kersti Bülow 2.4 % 1.1 % 31 Dec 2018
Source: Holdings by Modular Finance AB

Insider list

Lammhults

Name
Johan Karl Gustav Ragnar
Johan Karl Gustav Ragnar
Johan Karl Gustav Ragnar
Johan Karl Gustav Ragnar
Håkan Johansson
Scapa Capital AB
Håkan Johansson
Håkan Johansson
Håkan Johansson
Håkan Johansson
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