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 2017 2018 2019
Sales 961 1007 1023
Sales growth (%) 16,2 4,9 1,6
EBITDA 69 86 95
EBITDA margin (%) 7,2 8,6 9,3
EBIT adj 49 60 68
EBIT adj margin (%) 5,1 5,9 6,6
Pretax profit 44 53 63
EPS rep 3,97 4,93 5,71
EPS growth (%) 1,8 24,3 15,8
EPS adj 4,08 4,93 5,71
DPS 2 2,5 2,75
EV/EBITDA (x) 8,1 6,2 5,4
EV/EBIT adj (x) 11,4 8,9 7,6
P/E (x) 12 9 7,8
P/E adj (x) 11,6 9 7,8
EV/sales (x) 0,6 0,5 0,5
FCF yield (%) 5,6 8 9,7
Dividend yield (%) 4,2 5,6 6,2
Net IB debt/EBITDA 2,3 1,8 1,5