Cash flow AddTech AB

Stocks

ADDT B

SE0014781795

Diversified Industrial Goods Wholesale

Real-time Estimate Cboe Europe Other stock markets 16:22:48 20/07/2026 +03			5-day change	1st Jan Change
340.80 ^SEK	-0.70%		+2.82%	+4.58%

08:20am	Head of Automation buys Addtech shares for nearly €105,000	FW
07-17	Handelsbanken raises Addtech target price to 410 kronor (400), reiterates buy - BN	FW

8693829e.JwxKo2pE2B1xovonXwG8nGZ8hLtIYiPwq9s3dnUQT94.EWM51SAT6lAU5LdDMHH6yDYavdUnAE-J2uxYJRZEOJJ_Q3nuOQPvXx7hyg

Published financial data: ADDTECH AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022	2023	2024	2025	2026
Revenues	14.04B	18.71B	20.02B	21.8B	22.7B
Total Revenues	14.04B	18.71B	20.02B	21.8B	22.7B
Cost of Goods Sold, Total	9.72B	13.09B	13.67B	14.8B	15.14B
Gross Profit	4.32B	5.62B	6.35B	6.99B	7.56B
Selling General & Admin Expenses, Total	2.87B	3.51B	3.89B	4.27B	4.56B
Other Operating Expenses	-30M	-23M	-19M	-47M	-31M
Other Operating Expenses, Total	2.84B	3.49B	3.87B	4.22B	4.53B
Operating Income	1.48B	2.13B	2.47B	2.77B	3.03B
Interest Expense, Total	-47M	-126M	-256M	-263M	-195M
Interest And Investment Income	2M	11M	46M	44M	27M
Net Interest Expenses	-45M	-115M	-210M	-219M	-168M
Income (Loss) On Equity Invest.	4M	6M	4M	5M	4M
Currency Exchange Gains (Loss)	-15M	-43M	-36M	-22M	-37M
Other Non Operating Income (Expenses)	-18M	-22M	-19M	-22M	-17M
EBT, Excl. Unusual Items	1.41B	1.96B	2.21B	2.51B	2.82B
Merger & Related Restructuring Charges	-10M	-10M	-26M	-24M	-19M
Gain (Loss) On Sale Of Assets	7M	3M	4M	17M	3M
Other Unusual Items	30M	52M	-7M	11M	79M
EBT, Incl. Unusual Items	1.43B	2B	2.18B	2.52B	2.88B
Income Tax Expense	316M	451M	492M	575M	672M
Earnings From Continuing Operations	1.12B	1.55B	1.69B	1.94B	2.21B
Net Income to Company	1.12B	1.55B	1.69B	1.94B	2.21B
Minority Interest	-43M	-59M	-59M	-48M	-59M
Net Income - (IS)	1.07B	1.5B	1.63B	1.89B	2.15B
Net Income to Common Incl Extra Items	1.07B	1.5B	1.63B	1.89B	2.15B
Net Income to Common Excl. Extra Items	1.07B	1.5B	1.63B	1.89B	2.15B
Per Share Items
Net EPS - Basic	3.99	5.55	6.05	7.01	7.95
Basic EPS - Continuing Operations	3.99	5.55	6.05	7.01	7.95
Basic Weighted Average Shares Outstanding	269M	270M	270M	270M	270M
Net EPS - Diluted	3.95	5.55	6.05	7	7.95
Diluted EPS - Continuing Operations	3.95	5.55	6.05	7	7.95
Diluted Weighted Average Shares Outstanding	270M	270M	270M	270M	270M
Normalized Basic EPS	3.1	4.33	4.91	5.64	6.3
Normalized Diluted EPS	3.09	4.32	4.91	5.63	6.29
Dividend Per Share	1.8	2.5	2.8	3.2	3.6
Payout Ratio	30.07	32.44	41.3	39.9	40.24
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	1.84B	2.58B	3B	3.39B	3.7B
EBITA	1.77B	2.49B	2.89B	3.25B	3.56B
EBIT	1.48B	2.13B	2.47B	2.77B	3.03B
EBITDAR	1.85B	2.6B	3.02B	3.42B	3.74B
Effective Tax Rate - (Ratio)	22.05	22.49	22.54	22.86	23.35
Total Current Taxes	351M	492M	543M	642M	820M
Total Deferred Taxes	-34.8M	-41.1M	-51.5M	-67M	-148M
Normalized Net Income	836M	1.17B	1.32B	1.52B	1.7B
Interest on Long-Term Debt	9M	11M	18M	25M	28M
Non-Cash Pension Expense	4M	7M	9M	8M	8M
Supplemental Operating Expense Items
Selling and Marketing Expenses	2.11B	2.58B	2.91B	3.17B	3.37B
General and Administrative Expenses	753M	922M	979M	1.09B	1.18B
Research And Development Expense From Footnotes	5M	4M	-	8M	9M
Net Rental Expense, Total	16M	22M	24M	33M	37M
Imputed Operating Lease Interest Expense	1.63M	4.99M	9.89M	12.17M	8.66M
Imputed Operating Lease Depreciation	14.37M	17.01M	14.11M	20.83M	28.34M

Fiscal Period: March	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	437M	606M	798M	1.17B	1.49B
Total Cash And Short Term Investments	437M	606M	798M	1.17B	1.49B
Accounts Receivable, Total	2.56B	3.41B	3.43B	3.38B	3.76B
Other Receivables	270M	230M	289M	309M	260M
Total Receivables	2.83B	3.64B	3.72B	3.69B	4.02B
Inventory	2.57B	3.33B	3.12B	3.26B	3.47B
Prepaid Expenses	95M	119M	138M	144M	112M
Other Current Assets, Total	8M	12M	12M	12M	87M
Total Current Assets	5.94B	7.7B	7.79B	8.28B	9.18B
Gross Property Plant And Equipment	2.34B	2.91B	3.32B	3.72B	3.41B
Accumulated Depreciation	-1.28B	-1.73B	-2B	-2.28B	-1.73B
Net Property Plant And Equipment	1.06B	1.18B	1.32B	1.45B	1.68B
Long-term Investments	35M	35M	35M	46M	46M
Goodwill	3.31B	3.94B	4.72B	5.53B	6.61B
Other Intangibles, Total	2.03B	2.34B	2.69B	3.12B	3.68B
Deferred Tax Assets Long-Term	30M	45M	39M	33M	33M
Deferred Charges Long-Term	30M	39M	56M	58M	73M
Total Assets	12.43B	15.27B	16.66B	18.51B	21.31B
Liabilities
Accounts Payable, Total	1.32B	1.67B	1.54B	1.64B	1.8B
Accrued Expenses, Total	682M	856M	828M	823M	890M
Short-term Borrowings	1.31B	292M	482M	696M	946M
Current Portion of Long-Term Debt	524M	557M	600M	313M	412M
Current Portion of Leases	214M	247M	251M	275M	303M
Current Income Taxes Payable	122M	164M	210M	221M	335M
Unearned Revenue Current, Total	27M	28M	37M	33M	128M
Other Current Liabilities	1.01B	1.4B	1.31B	1.32B	1.33B
Total Current Liabilities	5.21B	5.21B	5.25B	5.32B	6.14B
Long-Term Debt	1.67B	3.14B	3.44B	4.4B	4.84B
Long-Term Leases	466M	473M	447M	503M	645M
Pension & Other Post Retirement Benefits	314M	218M	241M	262M	241M
Deferred Tax Liability Non Current	500M	633M	767M	924M	1.07B
Other Non Current Liabilities	9M	18M	25M	37M	9M
Total Liabilities	8.17B	9.7B	10.18B	11.45B	12.95B
Common Stock, Total	51M	51M	51M	51M	51M
Additional Paid In Capital	344M	344M	344M	344M	344M
Retained Earnings	3.4B	4.35B	4.96B	6.07B	7.17B
Comprehensive Income and Other	137M	442M	620M	161M	240M
Total Common Equity	3.93B	5.18B	5.97B	6.63B	7.81B
Minority Interest	328M	389M	504M	436M	556M
Total Equity	4.26B	5.57B	6.48B	7.06B	8.36B
Total Liabilities And Equity	12.43B	15.27B	16.66B	18.51B	21.31B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	270M	270M	270M	270M	270M
ECS Total Common Shares Outstanding	270M	270M	270M	270M	270M
Book Value / Share	14.58	19.23	22.14	24.56	28.92
Tangible Book Value	-1.41B	-1.09B	-1.44B	-2.02B	-2.49B
Tangible Book Value Per Share	-5.22	-4.04	-5.32	-7.5	-9.21
Total Debt	4.18B	4.71B	5.22B	6.19B	7.15B
Net Debt	3.75B	4.11B	4.43B	5.02B	5.66B
Debt Equivalent of Unfunded Proj. Benefit Obligation	314M	218M	241M	262M	241M
Debt Equivalent Oper. Leases	128M	176M	192M	264M	296M
Minority Interest, Total (Incl. Fin. Div)	328M	389M	504M	436M	556M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	285M	386M	393M	418M	534M
Inventories - Work In Process, Total	275M	300M	374M	423M	495M
Inventories - Finished Goods, Total	2.01B	2.64B	2.36B	2.42B	2.44B
Buildings, Total	232M	269M	324M	387M	408M
Machinery, Total	921M	1.22B	1.5B	1.72B	1.95B
Full Time Employees	3.56K	3.91K	4.18K	4.24K	4.81K
Part Time Employees	-	-	-	298	-
Accumulated Allowance for Doubtful Accounts (Supple)	22M	24M	25M	39M	45M

Fiscal Period: March	2022	2023	2024	2025	2026
Net Income	1.07B	1.5B	1.63B	1.89B	2.15B
Depreciation & Amortization - CF	274M	332M	385M	427M	459M
Amortization of Goodwill and Intangible Assets - (CF)	288M	356M	413M	483M	529M
Depreciation & Amortization, Total	562M	688M	798M	910M	988M
Amortization of Deferred Charges, Total - (CF)	14M	17M	21M	25M	27M
(Gain) Loss From Sale Of Asset	-2M	-2M	-	-12M	1M
Other Operating Activities, Total	-37M	40M	52M	-42M	-55M
Change In Accounts Receivable	-579M	-387M	112M	168M	-168M
Change In Inventories	-460M	-537M	432M	66M	12M
Change in Other Net Operating Assets	549M	597M	-472M	-298M	44M
Cash from Operations	1.12B	1.91B	2.58B	2.71B	3B
Capital Expenditure	-95M	-118M	-151M	-171M	-133M
Sale of Property, Plant, and Equipment	6M	5M	4M	34M	5M
Cash Acquisitions	-1.15B	-1.2B	-1.3B	-1.6B	-1.58B
Divestitures	12M	-	-	-	-
Sale (Purchase) of Intangible assets	-31M	-77M	-38M	-62M	-50M
Investment in Marketable and Equity Securities, Total	4M	7M	6M	3M	3M
Cash from Investing	-1.26B	-1.39B	-1.48B	-1.8B	-1.76B
Long-Term Debt Issued, Total	940M	3B	189M	1.07B	446M
Total Debt Issued	940M	3B	189M	1.07B	446M
Long-Term Debt Repaid, Total	-464M	-2.78B	-394M	-280M	-350M
Total Debt Repaid	-464M	-2.78B	-394M	-280M	-350M
Issuance of Common Stock	30M	23M	29M	16M	19M
Repurchase of Common Stock	-	-31M	-	-	-
Common Dividends Paid	-323M	-485M	-674M	-755M	-864M
Common & Preferred Stock Dividends Paid	-323M	-485M	-674M	-755M	-864M
Other Financing Activities, Total	-36M	-94M	-72M	-524M	-189M
Cash from Financing	147M	-371M	-922M	-474M	-938M
Foreign Exchange Rate Adjustments	4M	16M	21M	-67M	20M
Net Change in Cash	17M	169M	192M	370M	322M
Supplemental Items
Cash Interest Paid	26M	104M	220M	221M	155M
Cash Income Tax Paid (Refund)	416M	474M	522M	702M	755M
Levered Free Cash Flow	424M	1.13B	1.92B	2.27B	2.47B
Unlevered Free Cash Flow	453M	1.2B	2.08B	2.44B	2.59B
Change In Net Working Capital	922M	639M	95M	-4M	139M
Net Debt Issued / Repaid	476M	216M	-205M	789M	96M

Fiscal Period: March	2022	2023	2024	2025	2026
Profitability
Return on Assets	8.32	9.63	9.68	9.84	9.52
Return on Total Capital	12.24	14.24	14.06	13.87	13.18
Return On Equity %	28.98	31.61	28.06	28.65	28.6
Return on Common Equity	30.04	32.8	29.25	30.03	29.75
Margin Analysis
Gross Profit Margin %	30.78	30.05	31.7	32.08	33.3
SG&A Margin	20.45	18.77	19.45	19.59	20.08
EBITDA Margin %	13.08	13.78	14.98	15.53	16.32
EBITA Margin %	12.59	13.31	14.42	14.92	15.69
EBIT Margin %	10.54	11.4	12.35	12.7	13.36
Income From Continuing Operations Margin %	7.96	8.3	8.45	8.9	9.72
Net Income Margin %	7.65	7.99	8.15	8.68	9.46
Net Avail. For Common Margin %	7.65	7.99	8.15	8.68	9.46
Normalized Net Income Margin	5.95	6.23	6.61	6.98	7.49
Levered Free Cash Flow Margin	3.02	6.02	9.59	10.42	10.87
Unlevered Free Cash Flow Margin	3.23	6.44	10.39	11.18	11.4
Asset Turnover
Asset Turnover	1.26	1.35	1.25	1.24	1.14
Fixed Assets Turnover	13.6	16.74	15.99	15.73	14.5
Receivables Turnover (Average Receivables)	6.35	6.22	5.86	6.4	6.35
Inventory Turnover (Average Inventory)	4.59	4.44	4.24	4.64	4.5
Short Term Liquidity
Current Ratio	1.14	1.48	1.48	1.55	1.49
Quick Ratio	0.63	0.81	0.86	0.91	0.9
Operating Cash Flow to Current Liabilities	0.22	0.37	0.49	0.51	0.49
Days Sales Outstanding (Average Receivables)	57.44	58.68	62.5	57.06	57.46
Days Outstanding Inventory (Average Inventory)	79.45	82.18	86.35	78.71	81.08
Average Days Payable Outstanding	39.39	39.39	43.54	38.84	40.88
Cash Conversion Cycle (Average Days)	97.5	101.47	105.31	96.94	97.66
Long Term Solvency
Total Debt/Equity	98.24	84.57	80.66	87.58	85.47
Total Debt / Total Capital	49.56	45.82	44.65	46.69	46.08
LT Debt/Equity	50.15	64.9	60.08	69.4	65.61
Long-Term Debt / Total Capital	25.3	35.16	33.26	37	35.37
Total Liabilities / Total Assets	65.73	63.51	61.11	61.85	60.76
EBIT / Interest Expense	31.49	16.94	9.66	10.53	15.55
EBITDA / Interest Expense	43.45	22.4	12.78	13.99	20.62
(EBITDA - Capex) / Interest Expense	41.43	21.46	12.19	13.34	19.94
Total Debt / EBITDA	2.05	1.67	1.6	1.68	1.78
Net Debt / EBITDA	1.83	1.46	1.35	1.36	1.41
Total Debt / (EBITDA - Capex)	2.15	1.74	1.67	1.76	1.84
Net Debt / (EBITDA - Capex)	1.92	1.52	1.42	1.43	1.46
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	23.84	33.31	6.97	8.88	4.16
Gross Profit, 1 Yr. Growth %	24.42	30.13	12.88	10.16	8.12
EBITDA, 1 Yr. Growth %	38.78	40.47	16.29	12.27	9.39
EBITA, 1 Yr. Growth %	40.43	40.84	15.9	12.02	9.53
EBIT, 1 Yr. Growth %	46.68	44.19	15.89	11.2	9.53
Earnings From Cont. Operations, 1 Yr. Growth %	53.22	39.12	8.82	14.72	13.71
Net Income, 1 Yr. Growth %	52.12	39.2	9.16	15.93	13.48
Normalized Net Income, 1 Yr. Growth %	47.56	39.52	13.51	14.04	11.77
Diluted EPS Before Extra, 1 Yr. Growth %	51.92	40.41	9.08	15.7	13.57
Accounts Receivable, 1 Yr. Growth %	37.53	30.54	0.68	-1.31	11.17
Inventory, 1 Yr. Growth %	54.67	29.47	-6.04	4.32	6.38
Net Property, Plant and Equip., 1 Yr. Growth %	4.86	11.54	12.38	9.21	16.45
Total Assets, 1 Yr. Growth %	26.73	22.89	9.08	11.14	15.11
Tangible Book Value, 1 Yr. Growth %	11.76	-22.6	31.86	40.95	22.83
Common Equity, 1 Yr. Growth %	22.12	31.87	15.24	10.93	17.81
Cash From Operations, 1 Yr. Growth %	-25.42	70.47	34.75	5.2	10.59
Capital Expenditures, 1 Yr. Growth %	33.8	24.21	27.97	13.24	-22.22
Levered Free Cash Flow, 1 Yr. Growth %	-67.76	165.8	70.57	17.66	8.56
Unlevered Free Cash Flow, 1 Yr. Growth %	-66.24	165.95	72.7	16.52	6.24
Dividend Per Share, 1 Yr. Growth %	50	38.89	12	14.29	12.5
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	9.37	28.49	19.42	7.92	6.49
Gross Profit, 2 Yr. CAGR %	8.85	27.24	21.2	11.51	9.14
EBITDA, 2 Yr. CAGR %	17.4	39.62	27.81	14.58	10.82
EBITA, 2 Yr. CAGR %	17.8	40.63	27.76	14.28	10.77
EBIT, 2 Yr. CAGR %	17.01	45.43	29.26	13.91	10.37
Earnings From Cont. Operations, 2 Yr. CAGR %	13.11	46	23.04	11.73	14.22
Net Income, 2 Yr. CAGR %	11.62	45.52	23.27	12.5	14.7
Normalized Net Income, 2 Yr. CAGR %	13.42	43.48	25.84	14.23	12.89
Diluted EPS Before Extra, 2 Yr. CAGR %	11.1	46.05	23.76	12.34	14.63
Accounts Receivable, 2 Yr. CAGR %	13.01	35.34	14.64	-0.32	4.74
Inventory, 2 Yr. CAGR %	25.08	41.51	10.29	-1	5.35
Net Property, Plant and Equip., 2 Yr. CAGR %	6.27	8.15	11.96	10.78	12.77
Total Assets, 2 Yr. CAGR %	20.87	24.79	15.78	10.1	13.11
Tangible Book Value, 2 Yr. CAGR %	160.71	-7	1.03	36.33	31.58
Common Equity, 2 Yr. CAGR %	14.13	26.9	23.28	13.06	14.32
Cash From Operations, 2 Yr. CAGR %	0.18	12.76	51.56	19.06	7.87
Capital Expenditures, 2 Yr. CAGR %	5.72	28.92	26.07	20.38	-6.15
Levered Free Cash Flow, 2 Yr. CAGR %	-29	-7.43	112.93	42.06	13.02
Unlevered Free Cash Flow, 2 Yr. CAGR %	-27.41	-5.24	114.31	42.22	11.26
Dividend Per Share, 2 Yr. CAGR %	34.16	44.34	24.72	13.14	13.39
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	11.42	16.83	20.87	15.8	6.65
Gross Profit, 3 Yr. CAGR %	11.43	15.53	22.26	17.4	10.37
EBITDA, 3 Yr. CAGR %	18.12	24.64	31.36	22.63	12.83
EBITA, 3 Yr. CAGR %	18.56	25.03	31.85	22.52	12.68
EBIT, 3 Yr. CAGR %	18.34	25.45	34.83	23.22	12.43
Earnings From Cont. Operations, 3 Yr. CAGR %	18.46	21.19	32.37	20.2	12.39
Net Income, 3 Yr. CAGR %	17.62	20.15	32.22	20.77	12.82
Normalized Net Income, 3 Yr. CAGR %	16.87	21.53	32.7	22.1	13.4
Diluted EPS Before Extra, 3 Yr. CAGR %	17.26	20.12	32.51	21.01	12.75
Accounts Receivable, 3 Yr. CAGR %	10.67	19.37	22.63	9.05	3.37
Inventory, 3 Yr. CAGR %	21.94	26.53	23.45	8.26	1.4
Net Property, Plant and Equip., 3 Yr. CAGR %	57.61	8	9.54	11.04	12.64
Total Assets, 3 Yr. CAGR %	20.83	21.54	19.32	14.21	11.75
Tangible Book Value, 3 Yr. CAGR %	43.72	73.92	4.48	12.89	31.67
Common Equity, 3 Yr. CAGR %	16.75	19.76	22.89	19.02	14.62
Cash From Operations, 3 Yr. CAGR %	28.85	19.6	19.66	34.19	16.17
Capital Expenditures, 3 Yr. CAGR %	10.72	11.55	28.6	21.64	4.07
Levered Free Cash Flow, 3 Yr. CAGR %	16.85	10.25	13.48	75.05	29.88
Unlevered Free Cash Flow, 3 Yr. CAGR %	17.24	11.91	15.75	75.21	29.04
Dividend Per Share, 3 Yr. CAGR %	12.92	35.72	32.64	21.14	12.92
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	14.36	18.46	14.55	13.18	14.9
Gross Profit, 5 Yr. CAGR %	14.05	17.6	15.24	13.9	16.83
EBITDA, 5 Yr. CAGR %	20.26	24.91	21.9	20.51	22.86
EBITA, 5 Yr. CAGR %	20.67	25.34	22.16	20.61	23.12
EBIT, 5 Yr. CAGR %	20.48	26.04	22.6	20.7	24.62
Earnings From Cont. Operations, 5 Yr. CAGR %	19.94	24.19	20.27	17.32	24.79
Net Income, 5 Yr. CAGR %	19.54	23.8	19.85	17.03	24.91
Normalized Net Income, 5 Yr. CAGR %	19.14	24.98	20.38	18.55	24.59
Diluted EPS Before Extra, 5 Yr. CAGR %	19.26	23.73	19.82	16.95	25.05
Accounts Receivable, 5 Yr. CAGR %	16.93	20.16	12.69	11.06	15.13
Inventory, 5 Yr. CAGR %	22.22	24.36	17.14	14.7	15.86
Net Property, Plant and Equip., 5 Yr. CAGR %	40.95	41.61	37.46	9.1	10.82
Total Assets, 5 Yr. CAGR %	22.45	22.57	18.78	16.83	16.79
Tangible Book Value, 5 Yr. CAGR %	49.56	23.77	24.82	57.78	14.58
Common Equity, 5 Yr. CAGR %	18.24	19.98	19.32	17.04	19.39
Cash From Operations, 5 Yr. CAGR %	15.26	28.81	37.5	19.39	14.79
Capital Expenditures, 5 Yr. CAGR %	10.37	20.73	16.62	15	13.38
Levered Free Cash Flow, 5 Yr. CAGR %	1.87	29.48	48.55	22.01	13.42
Unlevered Free Cash Flow, 5 Yr. CAGR %	2.92	30.41	49.23	23.17	14.05
Dividend Per Share, 5 Yr. CAGR %	15.52	20.11	17.5	26.19	24.57