Income Statement Case Group AB

Stocks

CASE

SE0017082514

Investment Management & Fund Operators

Market Closed - Nasdaq Stockholm 12:00:00 2026-10-01 EDT			5-day change	1st Jan Change
21.10 ^SEK	+2.93%		+2.93%	-11.34%

09-17	Case Group CEO Johan Andrassy buys 10,000 shares	FW
08-24	Case Group board member Emil Lundström makes a small share purchase	FW

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Published financial data: CASE GROUP AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Revenues	114M	56.65M	129M	167M	212M
Total Revenues	114M	56.65M	129M	167M	212M
Cost of Goods Sold, Total	44.76M	26.67M	75.53M	89.3M	101M
Gross Profit	69.17M	29.98M	53.62M	77.76M	111M
Selling General & Admin Expenses, Total	27.22M	27.84M	49.14M	53.91M	56.03M
Depreciation & Amortization - (IS)	42K	7K	-	9K	20K
Other Operating Expenses	1.02M	1.3M	1.83M	1.8M	2.03M
Other Operating Expenses, Total	28.28M	29.15M	50.97M	55.71M	58.09M
Operating Income	40.88M	830K	2.65M	22.04M	53.26M
Interest Expense, Total	-	-214K	-2.86M	-2.31M	-1.28M
Interest And Investment Income	-	-	303K	1.32M	1.19M
Net Interest Expenses	-	-214K	-2.56M	-992K	-92K
Other Non Operating Income (Expenses)	-	-	-1K	1K	-1K
EBT, Excl. Unusual Items	40.88M	616K	93K	21.05M	53.17M
Gain (Loss) On Sale Of Investments	-	-3.61M	350K	40K	12K
Asset Writedown	-52K	-	-	-	-
EBT, Incl. Unusual Items	40.83M	-2.99M	443K	21.09M	53.18M
Income Tax Expense	7.2M	2K	-	3.96M	11.12M
Earnings From Continuing Operations	33.63M	-2.99M	443K	17.13M	42.06M
Net Income to Company	33.63M	-2.99M	443K	17.13M	42.06M
Net Income - (IS)	33.63M	-2.99M	443K	17.13M	42.06M
Net Income to Common Incl Extra Items	33.63M	-2.99M	443K	17.13M	42.06M
Net Income to Common Excl. Extra Items	33.63M	-2.99M	443K	17.13M	42.06M
Per Share Items
Net EPS - Basic	1.69	-0.15	0.02	0.53	1.31
Basic EPS - Continuing Operations	1.69	-0.15	0.02	0.53	1.31
Basic Weighted Average Shares Outstanding	19.9M	19.96M	22.15M	32.18M	32.18M
Net EPS - Diluted	1.69	-0.15	0.02	0.53	1.31
Diluted EPS - Continuing Operations	1.69	-0.15	0.02	0.53	1.31
Diluted Weighted Average Shares Outstanding	19.9M	19.96M	22.15M	32.18M	32.18M
Normalized Basic EPS	1.28	0.02	0	0.41	1.03
Normalized Diluted EPS	1.28	0.02	0	0.41	1.03
Dividend Per Share	-	-	-	-	0.75
Payout Ratio	74.14	-	-	-	-
Supplemental Items
EBITDA	40.92M	837K	2.66M	22.05M	53.28M
EBITA	40.92M	830K	2.65M	22.04M	53.26M
EBIT	40.88M	830K	2.65M	22.04M	53.26M
EBITDAR	43.68M	3.55M	7.12M	26.1M	57.26M
Effective Tax Rate - (Ratio)	17.65	-0.07	-	18.77	20.9
Normalized Net Income	25.55M	385K	58.12K	13.16M	33.23M
Supplemental Operating Expense Items
Marketing Expenses	1.83M	1.86M	1.56M	1.46M	2.1M
Selling and Marketing Expenses	1.83M	1.86M	1.56M	1.46M	2.1M
General and Administrative Expenses	22.62M	23.28M	43.12M	48.4M	49.95M
Net Rental Expense, Total	2.76M	2.71M	4.46M	4.05M	3.98M
Imputed Operating Lease Interest Expense	-	-	2.27M	2.14M	1.64M
Imputed Operating Lease Depreciation	-	-	2.19M	1.91M	2.35M

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Assets
Cash And Equivalents	76.91M	22.78M	31.3M	48.2M	76.42M
Short Term Investments	-	17.69M	878K	659K	227K
Total Cash And Short Term Investments	76.91M	40.46M	32.18M	48.86M	76.64M
Accounts Receivable, Total	157K	2.33M	-	184K	-
Other Receivables	7.27M	6.81M	9.94M	16.46M	22.52M
Total Receivables	7.42M	9.14M	9.94M	16.64M	22.52M
Prepaid Expenses	1.55M	3.8M	2.07M	2.17M	5.17M
Other Current Assets, Total	-	75M	1K	-	1K
Total Current Assets	85.88M	128M	44.19M	67.66M	104M
Gross Property Plant And Equipment	242K	242K	-	-	548K
Accumulated Depreciation	-235K	-242K	-	-	-262K
Net Property Plant And Equipment	7K	0	-	-	286K
Other Intangibles, Total	0	-	288M	288M	291M
Other Long-Term Assets, Total	463K	225K	224K	224K	225K
Total Assets	86.35M	129M	333M	356M	396M
Liabilities
Accounts Payable, Total	1.96M	2.23M	2.2M	2.13M	5.34M
Accrued Expenses, Total	15.47M	11.96M	17.92M	31.71M	35.86M
Current Portion of Long-Term Debt	-	-	-	10M	10M
Current Income Taxes Payable	2.16M	-	-	2.59M	2.72M
Other Current Liabilities	-	-	-	966K	1.05M
Total Current Liabilities	19.59M	14.2M	20.12M	47.39M	54.98M
Long-Term Debt	-	50M	40M	20M	10M
Other Non Current Liabilities	399K	1.16M	931K	-	1K
Total Liabilities	19.99M	65.35M	61.05M	67.39M	64.98M
Common Stock, Total	995K	995K	1.18M	1.61M	1.61M
Additional Paid In Capital	36.17M	36.07M	244M	244M	244M
Retained Earnings	29.2M	26.2M	26.65M	43.78M	85.84M
Comprehensive Income and Other	1K	-	-	-	-
Total Common Equity	66.36M	63.27M	272M	289M	331M
Total Equity	66.36M	63.27M	272M	289M	331M
Total Liabilities And Equity	86.35M	129M	333M	356M	396M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	19.9M	19.9M	23.56M	32.18M	32.18M
ECS Total Common Shares Outstanding	19.9M	19.9M	23.56M	32.18M	32.18M
Book Value / Share	3.33	3.18	11.54	8.98	10.28
Tangible Book Value	66.36M	63.27M	-16.64M	495K	39.87M
Tangible Book Value Per Share	3.33	3.18	-0.71	0.02	1.24
Total Debt	0	50M	40M	30M	20M
Net Debt	-76.91M	9.54M	7.82M	-18.86M	-56.64M
Debt Equivalent Oper. Leases	22.08M	21.67M	35.68M	32.39M	31.86M
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	9	11	18	17	19

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Net Income	33.63M	-2.99M	443K	17.13M	42.06M
Depreciation & Amortization - CF	9K	7K	-	9K	20K
Amortization of Goodwill and Intangible Assets - (CF)	33K	-	-	-	-
Depreciation & Amortization, Total	42K	7K	-	9K	20K
(Gain) Loss From Sale Of Asset	-	1.37M	115K	-272K	12K
Other Operating Activities, Total	52K	0	-	0	-11K
Change In Accounts Receivable	-4.14M	-68.1M	75.92M	-6.8M	-8.89M
Change in Other Net Operating Assets	11.77M	-15.49M	5.7M	16.34M	7.59M
Cash from Operations	41.35M	-85.21M	82.18M	26.41M	40.79M
Capital Expenditure	-	-	-	-97K	-306K
Sale of Property, Plant, and Equipment	-	-	-	360K	-
Sale (Purchase) of Intangible assets	-	-	-104M	-	-2.69M
Investment in Marketable and Equity Securities, Total	-	-19.06M	16.81M	220K	431K
Other Investing Activities, Total	-125K	237K	-	-	-
Cash from Investing	-125K	-18.82M	-86.76M	483K	-2.56M
Long-Term Debt Issued, Total	-	50M	-	-	-
Total Debt Issued	-	50M	-	-	-
Long-Term Debt Repaid, Total	-	-	-10M	-10M	-10M
Total Debt Repaid	-	-	-10M	-10M	-10M
Issuance of Common Stock	18.74M	-	24.3M	-	-
Common Dividends Paid	-24.93M	-	-	-	-
Common & Preferred Stock Dividends Paid	-24.93M	-	-	-	-
Other Financing Activities, Total	-	-103K	-1.08M	-	-
Cash from Financing	-6.19M	49.9M	13.22M	-10M	-10M
Foreign Exchange Rate Adjustments	-	-	-115K	-	-
Miscellaneous Cash Flow Adjustments	-	-	-1K	-	-1K
Net Change in Cash	35.03M	-54.13M	8.52M	16.9M	28.22M
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	7.2M	2K	-	3.96M	11.12M
Levered Free Cash Flow	33.68M	-83.96M	-21.85M	21.79M	28.21M
Unlevered Free Cash Flow	33.68M	-83.82M	-20.06M	23.23M	29.01M
Change In Net Working Capital	-8.09M	84.35M	-81.85M	-9.54M	1.3M
Net Debt Issued / Repaid	-	50M	-10M	-10M	-10M

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Profitability
Return on Assets	36.91	0.48	0.72	4	8.85
Return on Total Capital	48.54	0.58	0.78	4.37	9.94
Return On Equity %	63.87	-4.62	0.26	6.11	13.57
Return on Common Equity	63.87	-4.62	0.26	6.11	13.57
Margin Analysis
Gross Profit Margin %	60.71	52.93	41.52	46.55	52.52
SG&A Margin	23.89	49.15	38.05	32.27	26.43
EBITDA Margin %	35.92	1.48	2.06	13.2	25.13
EBITA Margin %	35.91	1.47	2.05	13.2	25.12
EBIT Margin %	35.89	1.47	2.05	13.2	25.12
Income From Continuing Operations Margin %	29.52	-5.29	0.34	10.26	19.84
Net Income Margin %	29.52	-5.29	0.34	10.26	19.84
Net Avail. For Common Margin %	29.52	-5.29	0.34	10.26	19.84
Normalized Net Income Margin	22.43	0.68	0.04	7.88	15.67
Levered Free Cash Flow Margin	29.57	-148.21	-16.92	13.04	13.31
Unlevered Free Cash Flow Margin	29.57	-147.97	-15.54	13.91	13.69
Asset Turnover
Asset Turnover	1.65	0.53	0.56	0.48	0.56
Fixed Assets Turnover	9.91K	16.18K	-	-	1.48K
Receivables Turnover (Average Receivables)	-	45.55	-	-	-
Short Term Liquidity
Current Ratio	4.38	9.04	2.2	1.43	1.9
Quick Ratio	4.31	3.49	2.09	1.38	1.8
Operating Cash Flow to Current Liabilities	2.11	-6	4.08	0.56	0.74
Days Sales Outstanding (Average Receivables)	-	8.01	-	-	-
Average Days Payable Outstanding	11.73	28.69	10.72	8.88	13.55
Long Term Solvency
Total Debt/Equity	-	79.03	14.72	10.38	6.04
Total Debt / Total Capital	-	44.14	12.83	9.41	5.7
LT Debt/Equity	-	79.03	14.72	6.92	3.02
Long-Term Debt / Total Capital	-	44.14	12.83	6.27	2.85
Total Liabilities / Total Assets	23.15	50.81	18.34	18.91	16.41
EBIT / Interest Expense	-	3.88	0.93	9.54	41.48
EBITDA / Interest Expense	-	3.91	0.93	9.54	41.5
(EBITDA - Capex) / Interest Expense	-	3.91	0.93	9.5	41.26
Total Debt / EBITDA	-	59.74	15.04	1.36	0.38
Net Debt / EBITDA	-1.88	11.39	2.94	-0.85	-1.06
Total Debt / (EBITDA - Capex)	-	59.74	15.04	1.37	0.38
Net Debt / (EBITDA - Capex)	-1.88	11.39	2.94	-0.86	-1.07
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	49.91	-50.28	127.99	29.35	26.9
Gross Profit, 1 Yr. Growth %	65.62	-56.65	78.85	45.01	43.2
EBITDA, 1 Yr. Growth %	128.29	-97.95	217.68	729.41	141.59
EBITA, 1 Yr. Growth %	128.86	-97.97	219.52	731.26	141.6
EBIT, 1 Yr. Growth %	129.1	-97.97	219.52	731.26	141.6
Earnings From Cont. Operations, 1 Yr. Growth %	129.03	-108.9	-114.8	3.77K	145.49
Net Income, 1 Yr. Growth %	129.03	-108.9	-114.8	3.77K	145.49
Normalized Net Income, 1 Yr. Growth %	128.19	-98.49	-84.9	22.54K	152.53
Diluted EPS Before Extra, 1 Yr. Growth %	87.75	-108.88	-113.33	2.73K	145.49
Accounts Receivable, 1 Yr. Growth %	-	1.38K	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-56.25	-100	-	-	-
Total Assets, 1 Yr. Growth %	65.76	48.95	158.8	7.05	11.13
Tangible Book Value, 1 Yr. Growth %	70.63	-4.67	-126.3	-102.97	7.95K
Common Equity, 1 Yr. Growth %	70.49	-4.67	329.64	6.3	14.56
Cash From Operations, 1 Yr. Growth %	296.19	-306.08	-196.45	-67.86	54.42
Capital Expenditures, 1 Yr. Growth %	-	-	-	-99.97	-
Levered Free Cash Flow, 1 Yr. Growth %	425.93	-349.25	-73.97	-110.59	29.48
Unlevered Free Cash Flow, 1 Yr. Growth %	424.75	-348.85	-76.06	-111.39	24.89
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	9.43	-13.66	6.47	71.73	28.12
Gross Profit, 2 Yr. CAGR %	11.56	-15.27	-11.95	61.05	44.1
EBITDA, 2 Yr. CAGR %	30.42	-78.39	-74.51	413.31	347.63
EBITA, 2 Yr. CAGR %	30.63	-78.45	-74.54	415.37	348.14
EBIT, 2 Yr. CAGR %	30.67	-78.43	-74.53	415.37	348.14
Earnings From Cont. Operations, 2 Yr. CAGR %	33.45	-54.84	-88.52	139.22	874.42
Net Income, 2 Yr. CAGR %	33.45	-54.84	-88.52	139.22	874.42
Normalized Net Income, 2 Yr. CAGR %	30.13	-81.46	-95.23	484.62	2.29K
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-59.18	-89.12	88.39	733.71
Accounts Receivable, 2 Yr. CAGR %	-	-	-	-71.9	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-67.18	-	-	-	-
Total Assets, 2 Yr. CAGR %	32.99	57.13	96.34	66.45	9.07
Tangible Book Value, 2 Yr. CAGR %	50.81	27.54	-49.93	-91.15	54.79
Common Equity, 2 Yr. CAGR %	50.64	27.49	102.38	113.71	10.35
Cash From Operations, 2 Yr. CAGR %	37.08	185.74	40.98	-44.32	-29.55
Capital Expenditures, 2 Yr. CAGR %	-	-	-	-	-96.74
Levered Free Cash Flow, 2 Yr. CAGR %	-	262.06	-19.45	-49.06	-62.98
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	261.37	-22.82	-47.35	-62.29
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-15.87	19.33	13.61	55.26
Gross Profit, 3 Yr. CAGR %	-	-18.59	8.69	3.98	54.86
EBITDA, 3 Yr. CAGR %	-	-67.36	-47.07	-18.62	299.28
EBITA, 3 Yr. CAGR %	-	-67.41	-47.06	-18.63	300.35
EBIT, 3 Yr. CAGR %	-	-67.4	-47.03	-18.61	300.35
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-45.87	-68.87	-20.13	141.3
Net Income, 3 Yr. CAGR %	-	-45.87	-68.87	-20.13	141.3
Normalized Net Income, 3 Yr. CAGR %	-	-70.56	-82.69	-19.81	341.93
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-71.89	-31.96	105.77
Accounts Receivable, 3 Yr. CAGR %	-	-	-	5.43	-
Total Assets, 3 Yr. CAGR %	-	38.11	85.56	60.4	45.48
Tangible Book Value, 3 Yr. CAGR %	-	29.43	-24.65	-80.46	-14.27
Common Equity, 3 Yr. CAGR %	-	29.33	91.14	63.29	73.6
Cash From Operations, 3 Yr. CAGR %	-	57.03	98.95	-13.88	-21.77
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	50.55	-13.52	-30.48
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	46.21	-11.65	-29.79
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	11.92	22.77
Gross Profit, 5 Yr. CAGR %	-	-	-	6.95	21.67
EBITDA, 5 Yr. CAGR %	-	-	-	-1.73	24.34
EBITA, 5 Yr. CAGR %	-	-	-	-1.67	24.4
EBIT, 5 Yr. CAGR %	-	-	-	-1.64	24.44
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-1.92	23.43
Net Income, 5 Yr. CAGR %	-	-	-	-1.92	23.43
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-2.7	24.3
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	7.75
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	78.01
Total Assets, 5 Yr. CAGR %	-	-	-	48.81	50.03
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-55.75	0.5
Common Equity, 5 Yr. CAGR %	-	-	-	58.11	53.43
Cash From Operations, 5 Yr. CAGR %	-	-	-	3.72	31.34
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	34.52
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	35.22