Cash flow Better Collective A/S

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BETCO

DK0060952240

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Market Closed - Nasdaq Stockholm Other stock markets 17:00:00 15/05/2026 BST			5-day change	1st Jan Change
136.20 ^SEK	+0.89%		0.00%	+18.74%

05-15	AQR Capital Management no longer a public short seller in Better Collective	FW
05-12	Better Collective's co-CEOs and major shareholders continue to trim stakes	FW

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Published financial data: BETTER COLLECTIVE A/S

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	177M	269M	327M	371M	337M
Total Revenues	177M	269M	327M	371M	337M
Cost of Goods Sold, Total	106M	161M	188M	220M	202M
Gross Profit	71.38M	108M	138M	151M	135M
Selling General & Admin Expenses, Total	15.6M	23.36M	27.39M	37.92M	32.46M
Depreciation & Amortization - (IS)	1.76M	2.32M	3.96M	6.99M	6.86M
Amortization of Goodwill and Intangible Assets - (IS)	6.82M	12.35M	24.28M	34.08M	33.81M
Other Operating Expenses, Total	24.19M	38.02M	55.63M	78.99M	73.13M
Operating Income	47.19M	70.41M	82.84M	72.33M	61.38M
Interest Expense, Total	-2.2M	-3.99M	-12.57M	-15.35M	-11.9M
Interest And Investment Income	11K	5K	251K	1.3M	274K
Net Interest Expenses	-2.19M	-3.98M	-12.32M	-14.04M	-11.63M
Currency Exchange Gains (Loss)	1.39M	-373K	-1.34M	-1.38M	-6.72M
Other Non Operating Income (Expenses)	-1.72M	-1.03M	-9.22M	-3.16M	-1.44M
EBT, Excl. Unusual Items	44.67M	65.02M	59.96M	53.75M	41.59M
Restructuring Charges	-6K	-130K	-519K	-9.19M	-9.58M
Merger & Related Restructuring Charges	-5.99M	-1.26M	-10.22M	-2.22M	-835K
Impairment of Goodwill	-	-	-	-18.58M	-
Asset Writedown	-1.69M	-	-	-	-
Other Unusual Items	-10.75M	1.34M	8.8M	19.11M	-
EBT, Incl. Unusual Items	26.23M	64.96M	58.01M	42.86M	31.18M
Income Tax Expense	8.94M	16.89M	18.18M	8.85M	7.59M
Earnings From Continuing Operations	17.29M	48.08M	39.84M	34.01M	23.59M
Net Income to Company	17.29M	48.08M	39.84M	34.01M	23.59M
Net Income - (IS)	17.29M	48.08M	39.84M	34.01M	23.59M
Net Income to Common Incl Extra Items	17.29M	48.08M	39.84M	34.01M	23.59M
Net Income to Common Excl. Extra Items	17.29M	48.08M	39.84M	34.01M	23.59M
Per Share Items
Net EPS - Basic	0.34	0.88	0.72	0.55	0.38
Basic EPS - Continuing Operations	0.34	0.88	0.72	0.55	0.38
Basic Weighted Average Shares Outstanding	50.54M	54.36M	55.19M	61.88M	62.4M
Net EPS - Diluted	0.33	0.85	0.7	0.53	0.38
Diluted EPS - Continuing Operations	0.33	0.85	0.7	0.53	0.38
Diluted Weighted Average Shares Outstanding	52.88M	56.86M	57.85M	64.22M	65.06M
Normalized Basic EPS	0.55	0.75	0.68	0.54	0.42
Normalized Diluted EPS	0.53	0.71	0.65	0.52	0.4
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	54.63M	83.63M	108M	109M	97.86M
EBITA	54.01M	82.76M	107M	106M	94.26M
EBIT	47.19M	70.41M	82.84M	72.33M	61.38M
EBITDAR	55.17M	83.93M	109M	109M	97.93M
Effective Tax Rate - (Ratio)	34.07	26	31.33	20.65	24.34
Total Current Taxes	8.89M	10.15M	16.4M	7.18M	21.01M
Total Deferred Taxes	-38K	6.78M	3.64M	1.28M	-10.06M
Normalized Net Income	27.92M	40.64M	37.47M	33.59M	26M
Interest on Long-Term Debt	120K	150K	425K	811K	606K
Supplemental Operating Expense Items
Net Rental Expense, Total	545K	295K	539K	98K	68K
Imputed Operating Lease Interest Expense	83.25K	47.28K	170K	33.21K	19.46K
Imputed Operating Lease Depreciation	462K	248K	369K	64.79K	48.54K
Stock-Based Comp., COGS (Total)	1.2M	1.94M	2.51M	1.24M	2.7M
Stock-Based Comp., Other (Total)	-	-	-	1.24M	-
Total Stock-Based Compensation	1.2M	1.94M	2.51M	2.49M	2.7M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	28.6M	31.5M	43.55M	37.67M	13.49M
Short Term Investments	-	-	6.8M	-	-
Total Cash And Short Term Investments	28.6M	31.5M	50.36M	37.67M	13.49M
Accounts Receivable, Total	26.1M	48.02M	46.81M	56.56M	62.81M
Other Receivables	4.48M	11.58M	4.4M	10.14M	16.83M
Total Receivables	30.58M	59.6M	51.21M	66.7M	79.64M
Prepaid Expenses	2.22M	3.93M	4.25M	6.1M	7.7M
Restricted Cash	1.49M	-	-	-	-
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	62.9M	95.02M	106M	110M	101M
Gross Property Plant And Equipment	8.54M	14.77M	29.48M	37.42M	33.54M
Accumulated Depreciation	-4.18M	-5.93M	-7.9M	-14.78M	-18.33M
Net Property Plant And Equipment	4.36M	8.84M	21.58M	22.63M	15.22M
Long-term Investments	-	-	-	-	-
Goodwill	178M	184M	255M	361M	333M
Other Intangibles, Total	342M	488M	546M	672M	619M
Deferred Tax Assets Long-Term	9.54M	9.16M	7.24M	4.57M	4.09M
Other Long-Term Assets, Total	660K	725K	1.8M	1.94M	1.8M
Total Assets	597M	785M	938M	1.17B	1.07B
Liabilities
Accounts Payable, Total	9.87M	10.48M	10.94M	10.17M	10.58M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	10.68M	27.92M	61.94M	26.93M	17M
Current Portion of Leases	1.35M	1.65M	2.7M	4.38M	3.67M
Current Income Taxes Payable	1.74M	5.22M	6.75M	4.76M	2.29M
Other Current Liabilities	31.82M	19.79M	21.16M	27M	29.14M
Total Current Liabilities	55.45M	65.07M	103M	73.24M	62.67M
Long-Term Debt	126M	224M	301M	302M	291M
Long-Term Leases	1.52M	4.96M	13.33M	12.56M	8.31M
Deferred Tax Liability Non Current	69.6M	78.17M	84.67M	98.67M	81.53M
Other Non Current Liabilities	-	-	-	1K	-
Total Liabilities	253M	372M	503M	486M	443M
Common Stock, Total	546K	551K	554K	631K	620K
Additional Paid In Capital	268M	273M	275M	469M	469M
Retained Earnings	73.7M	124M	167M	200M	207M
Treasury Stock	-8.07M	-7.67M	-21.06M	-20.34M	-35.48M
Comprehensive Income and Other	10.8M	23.18M	14.57M	36.42M	-10.08M
Total Common Equity	345M	413M	435M	686M	631M
Total Equity	345M	413M	435M	686M	631M
Total Liabilities And Equity	597M	785M	938M	1.17B	1.07B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	54.18M	54.5M	53.98M	61.96M	58.68M
ECS Total Common Shares Outstanding	54.18M	54.5M	53.98M	61.96M	58.68M
Book Value / Share	6.36	7.58	8.06	11.07	10.75
Tangible Book Value	-175M	-259M	-366M	-347M	-321M
Tangible Book Value Per Share	-3.23	-4.74	-6.78	-5.59	-5.47
Total Debt	140M	259M	379M	346M	320M
Net Debt	111M	227M	329M	308M	306M
Debt Equivalent Oper. Leases	4.36M	2.36M	4.31M	784K	544K
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	60K	-	-	-	-
Machinery, Total	3.16M	5M	9.94M	13.18M	12.05M
Full Time Employees	781	949	1.31K	1.56K	1.37K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	1.26M	895K	1.16M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	17.29M	48.08M	39.84M	34.01M	23.59M
Depreciation & Amortization - CF	1.76M	2.32M	3.96M	7.1M	7.79M
Amortization of Goodwill and Intangible Assets - (CF)	6.82M	12.35M	24.28M	33.97M	32.88M
Depreciation & Amortization, Total	8.59M	14.67M	28.24M	41.07M	40.67M
Asset Writedown & Restructuring Costs	1.69M	-	-	-	-
Stock-Based Compensation (CF)	1.2M	1.94M	2.51M	1.24M	2.7M
Other Operating Activities, Total	6.83M	471K	12.7M	-13.19M	-5.48M
Change In Accounts Receivable	-8.42M	-23.02M	4.22M	-5.02M	-9.83M
Change In Accounts Payable	4.39M	3.23M	5.58M	-12.5M	-2.09M
Change in Other Net Operating Assets	-12K	2.84M	-4.09M	3.88M	1.63M
Cash from Operations	31.56M	48.2M	89.01M	49.5M	51.18M
Capital Expenditure	-687K	-1.8M	-5.14M	-3.94M	-347K
Sale of Property, Plant, and Equipment	972K	16K	3K	-	-
Cash Acquisitions	-208M	-14.34M	-57.28M	-120M	-9.69M
Sale (Purchase) of Intangible assets	-11.59M	-96.45M	-27.47M	-33.53M	-24.74M
Investment in Marketable and Equity Securities, Total	-	-	-14.93M	3.23M	-
Other Investing Activities, Total	-13K	-55K	-1.43M	-136K	100K
Cash from Investing	-219M	-113M	-106M	-155M	-34.68M
Long-Term Debt Issued, Total	139M	297M	45.49M	124M	-
Total Debt Issued	139M	297M	45.49M	124M	-
Long-Term Debt Repaid, Total	-88.22M	-217M	-4.3M	-141M	-4.56M
Total Debt Repaid	-88.22M	-217M	-4.3M	-141M	-4.56M
Issuance of Common Stock	149M	618K	2.03M	146M	-
Repurchase of Common Stock	-8.14M	-14.25M	-13.38M	-20.34M	-35.59M
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-3.15M	-29K	-508K	-10.36M	-407K
Cash from Financing	189M	65.74M	29.33M	99.15M	-40.56M
Foreign Exchange Rate Adjustments	937K	99K	-41K	-254K	-129K
Miscellaneous Cash Flow Adjustments	-	-	1K	554K	-
Net Change in Cash	2.04M	1.4M	12.06M	-5.88M	-24.18M
Supplemental Items
Cash Interest Paid	4.69M	5.67M	10.71M	19.5M	14.67M
Cash Income Tax Paid (Refund)	12.65M	16.24M	15.41M	16.73M	16.01M
Levered Free Cash Flow	47M	-77.3M	53.49M	27.44M	34.73M
Unlevered Free Cash Flow	48.38M	-74.81M	61.34M	37.03M	42.16M
Change In Net Working Capital	-21.37M	37.16M	-11.43M	14.26M	14.48M
Net Debt Issued / Repaid	51.16M	79.4M	41.19M	-16.51M	-4.56M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	6.46	6.37	6.01	4.29	3.42
Return on Total Capital	7.99	7.61	6.97	4.9	3.87
Return On Equity %	6.82	12.69	9.39	6.07	3.58
Return on Common Equity	6.82	12.69	9.39	6.07	3.58
Margin Analysis
Gross Profit Margin %	40.31	40.26	42.39	40.73	39.95
SG&A Margin	8.81	8.67	8.38	10.21	9.64
EBITDA Margin %	30.85	31.06	33.18	29.27	29.07
EBITA Margin %	30.51	30.73	32.79	28.61	28
EBIT Margin %	26.65	26.14	25.36	19.47	18.23
Income From Continuing Operations Margin %	9.77	17.85	12.19	9.16	7.01
Net Income Margin %	9.77	17.85	12.19	9.16	7.01
Net Avail. For Common Margin %	9.77	17.85	12.19	9.16	7.01
Normalized Net Income Margin	15.77	15.09	11.47	9.04	7.72
Levered Free Cash Flow Margin	26.55	-28.7	16.37	7.39	10.31
Unlevered Free Cash Flow Margin	27.32	-27.78	18.78	9.97	12.52
Asset Turnover
Asset Turnover	0.39	0.39	0.38	0.35	0.3
Fixed Assets Turnover	36.28	40.78	21.48	16.8	17.79
Receivables Turnover (Average Receivables)	8.14	7.27	6.89	7.19	5.64
Short Term Liquidity
Current Ratio	1.13	1.46	1.02	1.51	1.61
Quick Ratio	1.07	1.4	0.98	1.43	1.49
Operating Cash Flow to Current Liabilities	0.57	0.74	0.86	0.68	0.82
Days Sales Outstanding (Average Receivables)	44.84	50.23	52.98	50.92	64.71
Average Days Payable Outstanding	29.41	23.09	20.77	17.55	18.73
Long Term Solvency
Total Debt/Equity	40.46	62.64	87.09	50.38	50.65
Total Debt / Total Capital	28.8	38.51	46.55	33.5	33.62
LT Debt/Equity	36.97	55.48	72.24	45.82	47.37
Long-Term Debt / Total Capital	26.32	34.11	38.61	30.47	31.45
Total Liabilities / Total Assets	42.27	47.41	53.59	41.48	41.25
EBIT / Interest Expense	21.41	17.65	6.59	4.71	5.16
EBITDA / Interest Expense	25.31	21.33	8.84	7.39	8.58
(EBITDA - Capex) / Interest Expense	24.99	20.88	8.43	7.13	8.55
Total Debt / EBITDA	2.5	3.04	3.41	3.05	3.13
Net Debt / EBITDA	1.99	2.67	2.96	2.72	3
Total Debt / (EBITDA - Capex)	2.53	3.11	3.58	3.16	3.14
Net Debt / (EBITDA - Capex)	2.01	2.73	3.1	2.81	3.01
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	94.16	52.1	21.31	13.71	-9.37
Gross Profit, 1 Yr. Growth %	53.3	51.92	27.7	9.28	-11.11
EBITDA, 1 Yr. Growth %	47.28	53.09	29.63	0.29	-9.99
EBITA, 1 Yr. Growth %	47.55	53.22	29.44	-0.77	-11.32
EBIT, 1 Yr. Growth %	55.38	49.21	17.66	-12.68	-15.14
Earnings From Cont. Operations, 1 Yr. Growth %	-21.14	178.02	-17.14	-14.61	-30.64
Net Income, 1 Yr. Growth %	-21.14	178.02	-17.14	-14.61	-30.64
Normalized Net Income, 1 Yr. Growth %	56.22	45.56	-7.78	-10.35	-22.62
Diluted EPS Before Extra, 1 Yr. Growth %	-26.67	157.58	-17.65	-24.29	-28.67
Accounts Receivable, 1 Yr. Growth %	50	83.97	-2.52	20.82	11.06
Net Property, Plant and Equip., 1 Yr. Growth %	-19.09	102.59	144.05	4.87	-32.77
Total Assets, 1 Yr. Growth %	89.6	31.45	19.44	24.98	-8.36
Tangible Book Value, 1 Yr. Growth %	81.55	47.69	41.62	-5.35	-7.33
Common Equity, 1 Yr. Growth %	112.16	19.74	5.41	57.59	-8.01
Cash From Operations, 1 Yr. Growth %	18.32	52.72	84.67	-44.39	3.41
Capital Expenditures, 1 Yr. Growth %	49.35	162.59	185.09	-23.35	-91.2
Levered Free Cash Flow, 1 Yr. Growth %	198.5	-264.46	-169.19	-51	32.57
Unlevered Free Cash Flow, 1 Yr. Growth %	188.73	-254.63	-182	-42.01	17.82
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	62.02	71.85	35.84	17.45	1.52
Gross Profit, 2 Yr. CAGR %	37.04	52.61	39.28	18.13	-1.44
EBITDA, 2 Yr. CAGR %	40.95	50.16	40.87	14.02	-4.99
EBITA, 2 Yr. CAGR %	40.84	50.36	40.83	13.34	-6.19
EBIT, 2 Yr. CAGR %	47.06	52.26	32.5	1.36	-13.92
Earnings From Cont. Operations, 2 Yr. CAGR %	11.36	48.07	51.78	-15.89	-23.04
Net Income, 2 Yr. CAGR %	11.36	48.07	51.78	-15.89	-23.04
Normalized Net Income, 2 Yr. CAGR %	51.86	50.8	15.86	-9.08	-16.71
Diluted EPS Before Extra, 2 Yr. CAGR %	3.18	37.44	45.64	-21.04	-26.51
Accounts Receivable, 2 Yr. CAGR %	61.28	66.12	33.92	8.53	15.84
Net Property, Plant and Equip., 2 Yr. CAGR %	-7.77	28.03	122.35	59.98	-16.03
Total Assets, 2 Yr. CAGR %	61.3	57.87	25.3	22.18	7.02
Tangible Book Value, 2 Yr. CAGR %	90.08	63.75	44.62	15.78	-6.34
Common Equity, 2 Yr. CAGR %	57.9	59.39	12.35	28.89	20.4
Cash From Operations, 2 Yr. CAGR %	25.42	34.42	67.93	1.34	-24.17
Capital Expenditures, 2 Yr. CAGR %	-15.41	98.03	173.61	47.82	-74.02
Levered Free Cash Flow, 2 Yr. CAGR %	328.88	121.57	6.68	-40.42	-21.25
Unlevered Free Cash Flow, 2 Yr. CAGR %	411.69	111.3	12.6	-29.64	-18.74
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	63.53	58.64	53.02	28.02	7.73
Gross Profit, 3 Yr. CAGR %	45.56	41.83	43.81	28.46	7.45
EBITDA, 3 Yr. CAGR %	49.84	44.89	42.98	25.79	5.38
EBITA, 3 Yr. CAGR %	49.79	44.85	43.04	25.32	4.44
EBIT, 3 Yr. CAGR %	53.11	47.77	39.72	15.3	-4.47
Earnings From Cont. Operations, 3 Yr. CAGR %	46.98	51.07	22.02	25.3	-21.12
Net Income, 3 Yr. CAGR %	46.98	51.07	22.02	25.3	-21.12
Normalized Net Income, 3 Yr. CAGR %	52.76	49.73	28	6.36	-13.84
Diluted EPS Before Extra, 3 Yr. CAGR %	30.06	39.96	15.87	17.11	-23.67
Accounts Receivable, 3 Yr. CAGR %	52.51	68.51	39.08	29.4	9.36
Net Property, Plant and Equip., 3 Yr. CAGR %	46.33	19.89	58.74	73.08	19.83
Total Assets, 3 Yr. CAGR %	58.99	50.66	43.85	25.19	11.01
Tangible Book Value, 3 Yr. CAGR %	69.06	74.75	56.01	25.56	7.5
Common Equity, 3 Yr. CAGR %	58.96	43.99	38.87	25.76	15.18
Cash From Operations, 3 Yr. CAGR %	69.31	33.93	49.43	16.18	2.02
Capital Expenditures, 3 Yr. CAGR %	0.89	23.4	123.61	79.03	-42.28
Levered Free Cash Flow, 3 Yr. CAGR %	148.77	211.59	50.32	-16.42	-23.41
Unlevered Free Cash Flow, 3 Yr. CAGR %	160.27	243.38	54.12	-8.53	-17.4
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	59.03	59.29	51.83	40.67	29.85
Gross Profit, 5 Yr. CAGR %	50.47	47.11	43.02	31.83	23.64
EBITDA, 5 Yr. CAGR %	50.39	50.09	46.18	31.65	21.41
EBITA, 5 Yr. CAGR %	50.16	49.9	46.14	31.31	20.83
EBIT, 5 Yr. CAGR %	46.17	47	44.5	27.09	15.11
Earnings From Cont. Operations, 5 Yr. CAGR %	26.98	45.21	48.88	19.52	1.47
Net Income, 5 Yr. CAGR %	26.98	45.21	48.88	19.52	1.47
Normalized Net Income, 5 Yr. CAGR %	45.71	44.92	36.77	22.65	7.78
Diluted EPS Before Extra, 5 Yr. CAGR %	11.98	26.73	36.08	11.32	-3.42
Accounts Receivable, 5 Yr. CAGR %	91.52	62.75	44.78	41.32	29.27
Net Property, Plant and Equip., 5 Yr. CAGR %	40.16	58.04	72.99	34.56	23.04
Total Assets, 5 Yr. CAGR %	135.34	82.58	44.54	38.55	27.8
Tangible Book Value, 5 Yr. CAGR %	98	74.54	58.83	48.22	27.21
Common Equity, 5 Yr. CAGR %	124.57	94.66	38.36	37.75	31.16
Cash From Operations, 5 Yr. CAGR %	38.8	42.36	68.76	19.79	13.92
Capital Expenditures, 5 Yr. CAGR %	-2.85	77.63	50.37	32.64	-5.48
Levered Free Cash Flow, 5 Yr. CAGR %	60.69	96.53	77.3	60.76	17.14
Unlevered Free Cash Flow, 5 Yr. CAGR %	61.58	94.53	86.15	82.13	20.27