Cash flow Lundberg B

Equities

LUND B

SE0000108847

Investment Holding Companies

Market Closed - Nasdaq Stockholm Other stock markets 17:00:00 11/05/2026 BST			5-day change	1st Jan Change
529.00 ^SEK	-0.09%		-0.56%	+3.42%

04-30	Major shareholder Lundbergs acquires shares worth approximately SEK 205 million in Indutrade	FW
04-21	Lundbergs shares trade ex-dividend today on Nasdaq Stockholm following SEK 4.90 payout	FW

a87855e08cc0.i3RpmN6ENZ8-L3lR4Ot9_0uXZyqo1G3I6Qc8vWQ_HD8.6gxR3PPVc9NpSBgAi5gKnR3_XlCFoFqRrjNl9TRuLUXBPhv26c1T2w0fSQ

Published financial data: LUNDBERG B

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Interest and Investment Income, Total (Revenue Block)	906M	695M	865M	1.18B	1.42B
Gain (Loss) on Sale of Investments, Total (Rev)	364M	64M	235M	273M	95M
Other Revenues, Total	30.32B	27.74B	34.62B	32.25B	36.44B
Total Revenues	31.6B	28.5B	35.72B	33.71B	37.96B
Property Expenses	11.4B	12.45B	12.73B	14.57B	13.75B
Selling General & Admin Expenses, Total	4.46B	6.06B	5.34B	6.04B	6.07B
Depreciation & Amortization - (IS) - (Collected)	1.3B	1.39B	1.42B	1.46B	1.53B
Other Operating Expenses	3.08B	1.72B	2.97B	2.64B	3.12B
Total Operating Expenses	20.25B	21.63B	22.46B	24.71B	24.47B
Operating Income (REIT / Utility Template)	11.34B	6.87B	13.27B	9B	13.48B
Interest Expense, Total	-317M	-335M	-534M	-605M	-667M
Interest and Investment Income	10M	1M	-	75M	58M
Net Interest Expenses	-307M	-334M	-534M	-530M	-609M
Currency Exchange Gains (Loss)	-	-	-	-	-1M
Other Non Operating Income (Expenses)	5M	30M	14M	-14M	-2M
EBT, Excl. Unusual Items	11.04B	6.57B	12.75B	8.46B	12.87B
Gain (Loss) on Sale of Investments	-	-12M	1M	-4M	-1M
Gain (Loss) on Sale of Assets	337M	34M	15M	21M	11M
Asset Writedown	5.76B	599M	-3.53B	1.33B	2.48B
Insurance Settlements	-	489M	7M	3M	102M
EBT, Incl. Unusual Items	17.13B	7.68B	9.24B	9.81B	15.46B
Income Tax Expense	2.21B	1.91B	566M	1.42B	1.04B
Earnings From Continuing Operations	14.92B	5.77B	8.68B	8.38B	14.42B
Net Income to Company	14.92B	5.77B	8.68B	8.38B	14.42B
Minority Interest	-3.56B	-4.26B	-1.42B	-2.08B	-2.34B
Net Income - (IS)	11.37B	1.51B	7.26B	6.3B	12.08B
Net Income to Common Incl Extra Items	11.37B	1.51B	7.26B	6.3B	12.08B
Net Income to Common Excl. Extra Items	11.37B	1.51B	7.26B	6.3B	12.08B
Per Share Items
Net EPS - Basic	45.84	6.1	29.25	25.41	48.7
Basic EPS - Continuing Operations	45.84	6.1	29.25	25.41	48.7
Basic Weighted Average Shares Outstanding	248M	248M	248M	248M	248M
Net EPS - Diluted	45.84	6.1	29.25	25.41	48.7
Diluted EPS - Continuing Operations	45.84	6.1	29.25	25.41	48.7
Diluted Weighted Average Shares Outstanding	248M	248M	248M	248M	248M
Normalized Basic EPS	13.49	-0.62	26.39	12.92	22.99
Normalized Diluted EPS	13.49	-0.62	26.39	12.92	22.99
Dividend Per Share	3.75	4	4.3	4.6	4.9
Payout Ratio	7.64	61.43	13.67	16.92	9.45
Supplemental Items
EBITDA	12.53B	8.17B	14.56B	10.32B	14.87B
EBITA	11.4B	6.93B	13.31B	9.05B	13.53B
EBIT	11.34B	6.87B	13.27B	9B	13.48B
EBITDAR	12.54B	8.17B	14.57B	10.33B	14.87B
Total Revenues (As Reported)	26.28B	32.45B	30.46B	31.7B	30.62B
Effective Tax Rate - (Ratio)	12.9	24.83	6.12	14.53	6.75
Total Current Taxes	729M	1.35B	905M	818M	405M
Total Deferred Taxes	1.48B	559M	-340M	607M	639M
Normalized Net Income	3.35B	-153M	6.54B	3.2B	5.7B
Interest Capitalized	11M	-	-	-	-
Interest on Long-Term Debt	27M	28M	30M	33M	41M
Non-Cash Pension Expense	0	-8M	-	-8M	-
Supplemental Operating Expense Items
Net Rental Expense, Total	7M	6M	9M	9M	4M
Imputed Operating Lease Interest Expense	843K	742K	1.88M	2.14M	933K
Imputed Operating Lease Depreciation	6.16M	5.26M	7.12M	6.86M	3.07M
Maintenance & Repair Expenses, Total	199M	215M	245M	223M	203M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Gross Property Plant And Equipment	86.68B	93.62B	99.22B	102B	102B
Accumulated Depreciation	-28.9B	-30.32B	-31.49B	-32.1B	-32.74B
Net Property Plant And Equipment	57.78B	63.3B	67.74B	70.12B	69.67B
Total Real Estate Assets	57.78B	63.3B	67.74B	70.12B	69.67B
Cash And Equivalents	2.21B	2.79B	2.03B	1.27B	1.53B
Accounts Receivable, Total	2.47B	3.01B	2.77B	2.9B	2.48B
Other Receivables	574M	1.55B	609M	553M	575M
Investment In Debt and Equity Securities	19.38B	16.98B	20.31B	22.02B	29.07B
Goodwill	441M	441M	441M	441M	441M
Other Intangibles, Total	285M	163M	252M	204M	161M
Other Current Assets, Total	6.44B	11.66B	7.59B	7.92B	8B
Deferred Tax Assets Long-Term (Collected)	3M	2M	3M	3M	3M
Other Long-Term Assets, Total	113B	112B	114B	119B	130B
Total Assets	203B	212B	216B	224B	242B
Liabilities
Current Portion of Long-Term Debt	2.81B	5.12B	3.12B	5.2B	4.12B
Current Portion of Leases	80M	98M	96M	99M	124M
Short-Term Borrowings	780M	681M	1.67B	674M	3.22B
Long-Term Debt	17.81B	14.26B	14.13B	14.05B	16.3B
Long-Term Leases	855M	840M	855M	844M	1.13B
Accounts Payable, Total	3.19B	4.19B	3.77B	4.13B	4.11B
Current Income Taxes Payable	160M	157M	147M	217M	167M
Unearned Revenue, Current	494M	550M	545M	557M	515M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	1.7B	2.75B	2.2B	2.35B	1.75B
Pension & Other Post Retirement Benefits	204M	145M	143M	165M	142M
Deferred Tax Liability Non-Current	26.72B	28.45B	28.55B	28.89B	30.35B
Other Non Current Liabilities	550M	579M	558M	516M	550M
Total Liabilities	55.35B	57.82B	55.77B	57.69B	62.49B
Common Stock, Total	2.48B	2.48B	2.48B	2.48B	2.48B
Retained Earnings	83.29B	83.98B	89.84B	94.86B	105B
Comprehensive Income and Other	13.81B	13.36B	15.24B	16.4B	20.47B
Total Common Equity	99.58B	99.82B	108B	114B	128B
Minority Interest	47.58B	54.12B	52.77B	52.97B	51.28B
Total Equity	147B	154B	160B	167B	179B
Total Liabilities And Equity	203B	212B	216B	224B	242B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	248M	248M	248M	248M	248M
ECS Total Common Shares Outstanding	248M	248M	248M	248M	248M
Book Value / Share	401.54	402.5	433.7	458.6	515.27
Tangible Book Value	98.86B	99.22B	107B	113B	127B
Tangible Book Value Per Share	398.61	400.06	430.91	456	512.84
Total Debt	22.33B	21B	19.86B	20.87B	24.9B
Net Debt	20.12B	18.21B	17.83B	19.6B	23.36B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-350M	-175M	-	-113M	-
Debt Equivalent Oper. Leases	56M	48M	72M	72M	32M
Minority Interest, Total (Incl. Fin. Div)	47.58B	54.12B	52.77B	52.97B	51.28B
Equity Method Investments, Total	35.96B	33.99B	39.85B	43.61B	52.28B
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	975M	1.23B	1.12B	1.2B	977M
Inventories - Finished Goods, Total	2.28B	2.83B	2.9B	3.41B	3.37B
Inventories - Others	1.87B	2B	2.24B	2.47B	2.62B
Buildings, Total	6.51B	6.84B	7.02B	7.22B	7.34B
Machinery, Total	31.46B	32.98B	34.13B	35B	-
Full Time Employees	4.07K	4.09K	4.2K	4.17K	4.1K
Accumulated Allowance for Doubtful Accounts (Supple)	28M	28M	30M	30M	27M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	11.37B	1.51B	7.26B	6.3B	12.08B
Depreciation, Depletion & Amortization	1.25B	1.34B	1.38B	1.4B	1.48B
Amortization of Goodwill and Intangible Assets - (CF)	57M	57M	38M	51M	46M
Total Depreciation, Depletion & Amortization	1.3B	1.39B	1.42B	1.46B	1.53B
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Total Asset Writedown	-5.07B	204M	4.57B	-233M	-1.18B
(Income) Loss On Equity Investments - (CF)	-4.9B	2.59B	-5.24B	-2.32B	-7.31B
Change in Accounts Receivable	-188M	-1.32B	898M	-	227M
Change In Inventories	-414M	-1.11B	-2M	-739M	-166M
Change in Other Net Operating Assets (Collected)	399M	1.01B	-212M	458M	-39M
Other Operating Activities	3.99B	4.48B	1.2B	2.74B	3.11B
Cash from Operations	6.49B	8.74B	9.89B	7.66B	8.25B
Acquisition of Real Estate Assets, Total	-3.04B	-3.16B	-3.53B	-3.62B	-3.65B
Sale of Real Estate Assets, Total	648M	46M	53M	58M	14M
Net Sale / Acquisition of Real Estate Assets	-2.39B	-3.11B	-3.48B	-3.56B	-3.64B
Cash Acquisitions	-193M	-114M	-	-	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-2B	-1.04B	-1.68B	-2.29B	-2.71B
Net (Increase) Decrease in Loans Originated / Sold - Investing	25M	3M	-	-	-
Other Investing Activities, Total	-	-	-	-21M	1M
Cash from Investing	-4.56B	-4.26B	-5.16B	-5.88B	-6.34B
Short Term Debt Issued, Total	-	-	336M	-	126M
Long-Term Debt Issued, Total	5.15B	2.8B	7.2B	7.6B	9.88B
Total Debt Issued	5.15B	2.8B	7.54B	7.6B	10.01B
Short Term Debt Repaid, Total	-379M	-170M	-	-115M	-
Long-Term Debt Repaid, Total	-3.82B	-4.1B	-8.93B	-6.83B	-6.31B
Total Debt Repaid	-4.2B	-4.27B	-8.93B	-6.95B	-6.31B
Repurchase of Common Stock	-	-	-1.12B	-647M	-2.67B
Common Dividends Paid	-868M	-930M	-992M	-1.07B	-1.14B
Common & Preferred Stock Dividends Paid	-868M	-930M	-992M	-1.07B	-1.14B
Other Financing Activities, Total	-1.42B	-1.51B	-2B	-1.49B	-1.53B
Cash from Financing	-1.34B	-3.91B	-5.5B	-2.55B	-1.64B
Foreign Exchange Rate Adjustments	2M	5M	3M	2M	-4M
Miscellaneous Cash Flow Adjustments	1M	-	-1M	-	-
Net Change in Cash	603M	579M	-761M	-758M	264M
Supplemental Items
Cash Interest Paid	243M	273M	469M	488M	617M
Cash Income Tax Paid (Refund)	914M	1.91B	409M	763M	531M
Net Debt Issued / Repaid	950M	-1.47B	-1.39B	652M	3.7B
Levered Free Cash Flow	5.4B	-615M	11.87B	4.78B	6.98B
Unlevered Free Cash Flow	5.6B	-406M	12.21B	5.16B	7.39B
Change In Net Working Capital	1.07B	4.65B	-4.27B	-190M	397M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.71	2.07	3.88	2.55	3.62
Return on Total Capital	4.44	2.49	4.67	3.06	4.3
Return On Equity %	10.82	3.83	5.52	5.13	8.34
Return on Common Equity	12.3	1.52	7	5.7	10
Margin Analysis
Gross Profit Margin %	63.91	56.32	64.37	56.77	63.77
SG&A Margin	24.43	33.42	25.89	29.77	26.64
EBITDA Margin %	39.65	28.65	40.76	30.61	39.17
EBITA Margin %	36.08	24.32	37.25	26.85	35.64
EBIT Margin %	35.9	24.12	37.14	26.7	35.52
Income From Continuing Operations Margin %	47.23	20.25	24.29	24.87	37.99
Net Income Margin %	35.98	5.31	20.31	18.69	31.82
Net Avail. For Common Margin %	35.98	5.31	20.31	18.69	31.82
Normalized Net Income Margin	10.59	-0.54	18.32	9.5	15.02
Levered Free Cash Flow Margin	17.1	-2.16	33.24	14.18	18.38
Unlevered Free Cash Flow Margin	17.72	-1.42	34.17	15.3	19.48
Asset Turnover
Asset Turnover	0.17	0.14	0.17	0.15	0.16
Fixed Assets Turnover	0.57	0.47	0.55	0.49	0.54
Inventory Turnover (Average Inventory)	2.38	2.23	2.06	2.18	1.96
Short Term Liquidity
Current Ratio	1.27	1.4	1.13	0.96	0.9
Quick Ratio	0.57	0.54	0.47	0.36	0.33
Operating Cash Flow to Current Liabilities	0.7	0.65	0.86	0.58	0.59
Days Outstanding Inventory (Average Inventory)	153.48	164.03	176.84	167.6	186.4
Average Days Payable Outstanding	90	100.51	112.31	93.89	110.35
Long Term Solvency
Total Debt/Equity	15.18	13.64	12.39	12.52	13.9
Total Debt / Total Capital	13.18	12	11.02	11.12	12.21
LT Debt/Equity	12.68	9.81	9.35	8.93	9.73
Long-Term Debt / Total Capital	11.01	8.63	8.32	7.94	8.55
Total Liabilities / Total Assets	27.33	27.3	25.81	25.71	25.87
EBIT / Interest Expense	35.79	20.52	24.85	14.88	20.21
EBITDA / Interest Expense	39.9	24.67	27.5	17.28	22.51
(EBITDA - Capex) / Interest Expense	34.45	20.36	24.18	13.79	19.26
Total Debt / EBITDA	1.77	2.54	1.35	2	1.66
Net Debt / EBITDA	1.59	2.2	1.21	1.87	1.56
Total Debt / (EBITDA - Capex)	2.05	3.08	1.54	2.5	1.94
Net Debt / (EBITDA - Capex)	1.84	2.67	1.38	2.35	1.82
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	38.63	-9.02	25.33	-5.64	12.6
Gross Profit, 1 Yr. Growth %	52.46	-19.45	43.24	-16.78	26.48
EBITDA, 1 Yr. Growth %	88.16	-34.82	78.32	-29.15	44.08
EBITA, 1 Yr. Growth %	103.81	-39.21	91.98	-31.98	49.48
EBIT, 1 Yr. Growth %	103.63	-39.4	93.02	-32.17	49.81
Earnings From Cont. Operations, 1 Yr. Growth %	263.27	-61.31	50.32	-3.4	72.03
Net Income, 1 Yr. Growth %	216.54	-86.68	379.19	-13.14	91.67
Diluted EPS Before Extra, 1 Yr. Growth %	216.57	-86.69	379.51	-13.13	91.66
Normalized Net Income, 1 Yr. Growth %	19.75	-104.57	-4.37K	-51.04	77.98
Net Property, Plant and Equip., 1 Yr. Growth %	8.12	9.56	7.01	3.52	-0.64
Inventory, 1 Yr. Growth %	14.64	18.49	3.21	13.06	-1.68
Accounts Receivable, 1 Yr. Growth %	18.27	21.9	-7.95	4.84	-14.44
Total Assets, 1 Yr. Growth %	12.5	4.56	2.05	3.84	7.65
Common Equity, 1 Yr. Growth %	16.81	0.24	7.75	5.74	12.36
Tangible Book Value, 1 Yr. Growth %	17.01	0.36	7.71	5.82	12.46
Cash From Operations, 1 Yr. Growth %	56.75	34.63	13.15	-22.52	7.59
Capital Expenditures, 1 Yr. Growth %	40.41	-16.38	22.56	27.43	1.5
Levered Free Cash Flow, 1 Yr. Growth %	102.73	-111.39	-2.03K	-60.13	46.56
Unlevered Free Cash Flow, 1 Yr. Growth %	97.47	-107.25	-3.11K	-58.14	43.89
Dividend Per Share, 1 Yr. Growth %	7.14	6.67	7.5	6.98	6.52
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	6.4	11.83	6.78	8.75	3.08
Gross Profit, 2 Yr. CAGR %	8.07	10.1	7.42	9.19	2.6
EBITDA, 2 Yr. CAGR %	9.77	10.75	7.81	12.41	1.03
EBITA, 2 Yr. CAGR %	10.39	11.31	8.03	14.27	0.83
EBIT, 2 Yr. CAGR %	10.18	11.08	8.15	14.42	0.8
Earnings From Cont. Operations, 2 Yr. CAGR %	-12.6	18.55	-23.74	20.5	28.91
Net Income, 2 Yr. CAGR %	-2.38	-35.07	-20.11	104.02	29.03
Diluted EPS Before Extra, 2 Yr. CAGR %	-2.37	-35.09	-20.12	104.1	29.03
Normalized Net Income, 2 Yr. CAGR %	32.55	-76.62	39.87	357.06	-6.66
Net Property, Plant and Equip., 2 Yr. CAGR %	6.18	8.84	8.28	5.25	1.42
Inventory, 2 Yr. CAGR %	11.06	16.55	10.59	8.02	5.43
Accounts Receivable, 2 Yr. CAGR %	9.15	20.07	5.93	-1.76	-5.29
Total Assets, 2 Yr. CAGR %	7.48	8.46	3.3	2.94	5.72
Common Equity, 2 Yr. CAGR %	10.74	8.21	3.93	6.74	9
Tangible Book Value, 2 Yr. CAGR %	10.49	8.37	3.97	6.76	9.09
Cash From Operations, 2 Yr. CAGR %	2.43	45.27	23.43	-6.37	-8.7
Capital Expenditures, 2 Yr. CAGR %	24.73	8.39	1.24	20.95	14.24
Levered Free Cash Flow, 2 Yr. CAGR %	-10.13	-51.95	48.27	178.73	-23.71
Unlevered Free Cash Flow, 2 Yr. CAGR %	-9.5	-62.17	47.66	256.51	-22.54
Dividend Per Share, 2 Yr. CAGR %	-	6.9	7.08	7.24	6.75
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	17.12	0.7	16.16	2.47	10.02
Gross Profit, 3 Yr. CAGR %	27.8	-2.44	20.19	-1.34	14.67
EBITDA, 3 Yr. CAGR %	47.59	-7.74	29.81	-6.26	22.1
EBITA, 3 Yr. CAGR %	57.97	-9.52	33.49	-7.41	24.98
EBIT, 3 Yr. CAGR %	58.02	-9.73	33.54	-7.43	25.18
Earnings From Cont. Operations, 3 Yr. CAGR %	25.87	-33.39	28.31	-17.49	35.68
Net Income, 3 Yr. CAGR %	46.84	-49.74	26.42	-17.85	99.82
Diluted EPS Before Extra, 3 Yr. CAGR %	46.83	-49.76	26.41	-17.85	99.86
Normalized Net Income, 3 Yr. CAGR %	15.2	-56.87	32.81	-1.43	233.76
Net Property, Plant and Equip., 3 Yr. CAGR %	28.05	7.3	8.23	6.67	3.25
Inventory, 3 Yr. CAGR %	6.11	13.48	11.92	11.41	4.69
Accounts Receivable, 3 Yr. CAGR %	7.21	13.24	9.89	5.56	-6.19
Total Assets, 3 Yr. CAGR %	14.27	6.5	6.28	3.48	4.49
Common Equity, 3 Yr. CAGR %	15.78	7.13	8.06	4.53	8.58
Tangible Book Value, 3 Yr. CAGR %	15.6	7.01	8.15	4.59	8.63
Cash From Operations, 3 Yr. CAGR %	8.67	12.21	33.66	5.68	-1.93
Capital Expenditures, 3 Yr. CAGR %	14.05	9.19	12.92	6.95	14.43
Levered Free Cash Flow, 3 Yr. CAGR %	88.95	-54.86	64.56	-4	124.67
Unlevered Free Cash Flow, 3 Yr. CAGR %	80.4	-60.99	62.67	-2.7	163.14
Dividend Per Share, 3 Yr. CAGR %	5.43	-	7.1	7.05	7
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.25	3.71	12.68	3.85	10.74
Gross Profit, 5 Yr. CAGR %	7.49	3.17	18.91	2.05	12.82
EBITDA, 5 Yr. CAGR %	7.3	1.96	30.17	-0.15	17.43
EBITA, 5 Yr. CAGR %	7.89	1.52	35.7	-0.66	19.32
EBIT, 5 Yr. CAGR %	7.83	1.4	35.78	-0.75	19.34
Earnings From Cont. Operations, 5 Yr. CAGR %	-0.7	-9.42	3.01	-15.57	28.55
Net Income, 5 Yr. CAGR %	-1.47	-25.69	15.11	-11.98	27.46
Diluted EPS Before Extra, 5 Yr. CAGR %	-1.47	-25.7	15.1	-11.98	27.45
Normalized Net Income, 5 Yr. CAGR %	18.78	-32.41	24.5	10.97	15.34
Net Property, Plant and Equip., 5 Yr. CAGR %	16.53	18.61	19.74	6.47	5.45
Inventory, 5 Yr. CAGR %	6.41	10.93	7.88	11.27	9.28
Accounts Receivable, 5 Yr. CAGR %	1.82	6.63	6.7	6.98	3.55
Total Assets, 5 Yr. CAGR %	10.64	10.39	9.75	5.06	6.06
Common Equity, 5 Yr. CAGR %	11.76	9.78	10.88	6.97	8.43
Tangible Book Value, 5 Yr. CAGR %	11.67	9.71	10.8	6.91	8.53
Cash From Operations, 5 Yr. CAGR %	8.2	11.51	14.35	4.37	14.76
Capital Expenditures, 5 Yr. CAGR %	16.32	14.63	8.76	13.75	11.97
Levered Free Cash Flow, 5 Yr. CAGR %	4.67	-32.36	71.48	-6.5	21.23
Unlevered Free Cash Flow, 5 Yr. CAGR %	4.46	-38.3	66.5	-5.48	21.12
Dividend Per Share, 5 Yr. CAGR %	6.02	5.92	6.09	-	6.96