Income Statement Stockwik Förvaltning AB

Stocks

STWK

SE0012257970

Business Support Services

Market Closed - Nasdaq Stockholm 12:00:00 2026-10-01 EDT			5-day change	1st Jan Change
15.20 ^SEK	+1.00%		-0.65%	-24.38%

09-14	Stockwik CEO Urban Lindskog increases his shareholding	FW
08-20	Stockwik AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI

8.IBcjHebZJmTqjmiI6dPO1Q2qT6rZRGhveA41OmvMfaw.GFNIJNGcYz7Y7zDFmaH94GOTKvmuM1wnF11idiW1CvYTR3l0rbELK4vJAw

Published financial data: STOCKWIK FÖRVALTNING AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Revenues	584M	765M	818M	851M	906M
Other Revenues, Total	-	-	-	-	-100K
Total Revenues	584M	765M	818M	851M	906M
Cost of Goods Sold, Total	268M	346M	314M	349M	401M
Gross Profit	316M	418M	504M	502M	505M
Selling General & Admin Expenses, Total	256M	349M	430M	418M	419M
Depreciation & Amortization - (IS)	37.8M	43.7M	52M	50.3M	50.2M
Other Operating Expenses	-6.8M	-10.2M	-12.9M	-9.3M	-8.6M
Other Operating Expenses, Total	287M	383M	469M	459M	460M
Operating Income	29.3M	35.4M	35.5M	42.6M	44.4M
Interest Expense, Total	-28.8M	-36.7M	-49.9M	-48.7M	-57.7M
Interest And Investment Income	700K	700K	1.8M	800K	900K
Net Interest Expenses	-28.1M	-36M	-48.1M	-47.9M	-56.8M
Currency Exchange Gains (Loss)	-	-	800K	400K	500K
Other Non Operating Income (Expenses)	-7.6M	-9.8M	-12.5M	-4.8M	-1.9M
EBT, Excl. Unusual Items	-6.4M	-10.4M	-24.3M	-9.7M	-13.8M
Gain (Loss) On Sale Of Investments	1.4M	-	200K	-	-
Gain (Loss) On Sale Of Assets	1.3M	3.8M	100K	2.9M	1.2M
Other Unusual Items	4.3M	7.3M	-	-	-
EBT, Incl. Unusual Items	600K	700K	-24M	-6.8M	-12.6M
Income Tax Expense	9.5M	-3.1M	13.2M	6.8M	-1.3M
Earnings From Continuing Operations	-8.9M	3.8M	-37.2M	-13.6M	-11.3M
Earnings Of Discontinued Operations	-2.1M	-	-	-	-
Net Income to Company	-11M	3.8M	-37.2M	-13.6M	-11.3M
Net Income - (IS)	-11M	3.8M	-37.2M	-13.6M	-11.3M
Net Income to Common Incl Extra Items	-11M	3.8M	-37.2M	-13.6M	-11.3M
Net Income to Common Excl. Extra Items	-8.9M	3.8M	-37.2M	-13.6M	-11.3M
Per Share Items
Net EPS - Basic	-1.92	0.62	-5.89	-2.15	-1.76
Basic EPS - Continuing Operations	-1.56	0.62	-5.89	-2.15	-1.76
Basic Weighted Average Shares Outstanding	5.72M	6.17M	6.31M	6.31M	6.42M
Net EPS - Diluted	-1.92	0.61	-5.89	-2.16	-1.76
Diluted EPS - Continuing Operations	-1.56	0.61	-5.89	-2.16	-1.76
Diluted Weighted Average Shares Outstanding	5.72M	6.18M	6.31M	6.31M	6.42M
Normalized Basic EPS	-0.7	-1.05	-2.41	-0.96	-1.34
Normalized Diluted EPS	-0.7	-1.05	-2.41	-0.96	-1.34
Supplemental Items
EBITDA	50.8M	56.3M	87.5M	54.3M	55M
EBITA	45.1M	51.7M	47.8M	50.2M	51M
EBIT	29.3M	35.4M	35.5M	42.6M	44.4M
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	593M	779M	833M	863M	918M
Effective Tax Rate - (Ratio)	1.58K	-442.86	-55	-100	10.32
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	14.1M	3.2M	6.6M	5.9M	2.8M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-4.6M	-6.3M	6.6M	900K	-4.1M
Normalized Net Income	-4M	-6.5M	-15.19M	-6.06M	-8.62M
Interest on Long-Term Debt	1.6M	2.2M	5.1M	5.9M	5M
Supplemental Operating Expense Items
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Assets
Cash And Equivalents	187M	153M	38.7M	37.3M	68.8M
Total Cash And Short Term Investments	187M	153M	38.7M	37.3M	68.8M
Accounts Receivable, Total	94M	104M	105M	104M	99.3M
Other Receivables	4M	6.7M	15.8M	10.4M	15.5M
Total Receivables	98M	111M	121M	115M	115M
Inventory	32.6M	57.1M	48.2M	48.3M	48.3M
Prepaid Expenses	15.9M	18M	14.7M	14.2M	15.1M
Other Current Assets, Total	-100K	-	-	-	-
Total Current Assets	333M	339M	222M	214M	247M
Gross Property Plant And Equipment	84.9M	116M	122M	161M	162M
Accumulated Depreciation	-27M	-39.4M	-38.3M	-63.5M	-64.3M
Net Property Plant And Equipment	57.9M	76.2M	83.4M	97.9M	98.1M
Goodwill	283M	352M	351M	352M	351M
Other Intangibles, Total	86.7M	104M	91M	83.3M	76.8M
Deferred Tax Assets Long-Term	60.2M	57.8M	51.4M	50.6M	54.7M
Other Long-Term Assets, Total	4.1M	4M	5.5M	5.1M	4.4M
Total Assets	825M	932M	804M	803M	832M
Liabilities
Accounts Payable, Total	53.2M	67M	63.6M	76.4M	81.2M
Accrued Expenses, Total	38.6M	50.1M	56.2M	51.3M	47.1M
Current Portion of Long-Term Debt	24M	457M	17.6M	3.7M	400K
Current Portion of Leases	14.4M	23.2M	28.3M	30.7M	33.3M
Unearned Revenue Current, Total	300K	1.2M	1.5M	1.7M	2M
Other Current Liabilities	35.1M	35.6M	35.4M	39.6M	29M
Total Current Liabilities	166M	634M	203M	203M	193M
Long-Term Debt	385M	11.9M	341M	344M	383M
Long-Term Leases	20.8M	25.7M	36.9M	44.5M	39.3M
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	-	-	-	-	-200K
Total Liabilities	571M	671M	581M	592M	615M
Common Stock, Total	3.1M	3.2M	3.2M	3.2M	3.6M
Additional Paid In Capital	793M	796M	796M	797M	815M
Retained Earnings	-542M	-538M	-575M	-589M	-601M
Comprehensive Income and Other	-	-	100K	100K	100K
Total Common Equity	254M	261M	224M	211M	217M
Minority Interest	100K	-	-	-	-
Total Equity	254M	261M	224M	211M	217M
Total Liabilities And Equity	825M	932M	804M	803M	832M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	6.16M	6.31M	6.31M	6.31M	7.21M
ECS Total Common Shares Outstanding	6.16M	6.31M	6.31M	6.31M	7.21M
Book Value / Share	41.26	41.36	35.45	33.47	30.12
Tangible Book Value	-116M	-195M	-218M	-224M	-211M
Tangible Book Value Per Share	-18.81	-30.87	-34.57	-35.53	-29.23
Total Debt	444M	518M	424M	423M	456M
Net Debt	257M	365M	385M	386M	387M
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	100K	-	-	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	3.2M	9.7M	14.4M	15.1M	14.5M
Inventories - Work In Process, Total	4.6M	14M	100K	200K	100K
Inventories - Finished Goods, Total	25.3M	34.5M	34.8M	34M	34M
Machinery, Total	48.2M	63.1M	53.4M	-	-
Full Time Employees	325	424	443	404	394

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Net Income	-11M	3.8M	-37.2M	-13.6M	-11.3M
Depreciation & Amortization - CF	36.7M	42.8M	39.7M	42.7M	43.6M
Amortization of Goodwill and Intangible Assets - (CF)	15.8M	16.3M	12.3M	7.6M	6.6M
Depreciation & Amortization, Total	52.5M	59.1M	52M	50.3M	50.2M
Asset Writedown & Restructuring Costs	-14M	-15.4M	-	-	-
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-7.8M	-15.8M	19.9M	3.9M	-7M
Change In Accounts Receivable	-6.8M	4.9M	-8.3M	7.2M	2.5M
Change In Inventories	-	-17.6M	8.9M	-100K	-100K
Change in Other Net Operating Assets	-6.7M	7M	5.3M	12.2M	200K
Cash from Operations	6.2M	26M	40.6M	59.9M	34.5M
Capital Expenditure	-1.1M	-3.2M	-4.2M	-9.7M	-6.6M
Cash Acquisitions	-99.1M	-98.9M	-15.6M	-16.3M	-1.8M
Divestitures	5.5M	-	6.9M	-200K	-100K
Investment in Marketable and Equity Securities, Total	500K	-	100K	-	800K
Other Investing Activities, Total	-	100K	-100K	-	-
Cash from Investing	-94.2M	-102M	-12.9M	-26.2M	-7.7M
Long-Term Debt Issued, Total	78.6M	75M	336M	21M	407M
Total Debt Issued	78.6M	75M	336M	21M	407M
Long-Term Debt Repaid, Total	-27.6M	-36.8M	-477M	-57.2M	-411M
Total Debt Repaid	-27.6M	-36.8M	-477M	-57.2M	-411M
Issuance of Common Stock	143M	3.2M	-	1.1M	20.9M
Other Financing Activities, Total	-5.4M	400K	-100K	-	-12.5M
Cash from Financing	188M	41.8M	-142M	-35.1M	4.6M
Miscellaneous Cash Flow Adjustments	-	-100K	-	-	100K
Net Change in Cash	100M	-34.3M	-114M	-1.4M	31.5M
Supplemental Items
Cash Interest Paid	35.8M	36.4M	50.6M	48.1M	46M
Cash Income Tax Paid (Refund)	9.7M	11.5M	5.1M	5.5M	18.6M
Levered Free Cash Flow	27.21M	42.29M	44M	55.59M	24.49M
Unlevered Free Cash Flow	45.21M	65.22M	75.19M	86.02M	60.55M
Change In Net Working Capital	24.5M	12.8M	-5.2M	-18.8M	10.8M
Net Debt Issued / Repaid	51M	38.2M	-142M	-36.2M	-3.8M

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Profitability
Return on Assets	2.62	2.52	2.55	3.31	3.39
Return on Total Capital	3.17	3	3.11	4.15	4.24
Return On Equity %	-4.77	1.48	-15.35	-6.25	-5.28
Return on Common Equity	-4.78	1.48	-15.35	-6.25	-5.28
Margin Analysis
Gross Profit Margin %	54.13	54.7	61.63	58.94	55.71
SG&A Margin	43.82	45.68	52.51	49.11	46.21
EBITDA Margin %	8.69	7.36	10.69	6.38	6.07
EBITA Margin %	7.72	6.76	5.84	5.9	5.63
EBIT Margin %	5.01	4.63	4.34	5.01	4.9
Income From Continuing Operations Margin %	-1.52	0.5	-4.55	-1.6	-1.25
Net Income Margin %	-1.88	0.5	-4.55	-1.6	-1.25
Net Avail. For Common Margin %	-1.52	0.5	-4.55	-1.6	-1.25
Normalized Net Income Margin	-0.68	-0.85	-1.86	-0.71	-0.95
Levered Free Cash Flow Margin	4.66	5.53	5.38	6.53	2.7
Unlevered Free Cash Flow Margin	7.74	8.53	9.19	10.11	6.68
Asset Turnover
Asset Turnover	0.84	0.87	0.94	1.06	1.11
Fixed Assets Turnover	12.71	11.4	10.25	9.39	9.25
Receivables Turnover (Average Receivables)	7.14	7.72	7.83	8.14	8.91
Inventory Turnover (Average Inventory)	9.8	7.72	5.96	7.24	8.31
Short Term Liquidity
Current Ratio	2.01	0.53	1.1	1.05	1.28
Quick Ratio	1.72	0.42	0.79	0.75	0.95
Operating Cash Flow to Current Liabilities	0.04	0.04	0.2	0.29	0.18
Days Sales Outstanding (Average Receivables)	51.11	47.28	46.59	44.95	40.98
Days Outstanding Inventory (Average Inventory)	37.24	47.26	61.2	50.54	43.92
Average Days Payable Outstanding	67.6	59.14	78.12	73.3	71.65
Cash Conversion Cycle (Average Days)	20.75	35.4	29.67	22.19	13.24
Long Term Solvency
Total Debt/Equity	174.77	198.28	189.54	200.38	209.9
Total Debt / Total Capital	63.61	66.47	65.46	66.71	67.73
LT Debt/Equity	159.66	14.41	169.02	184.09	194.38
Long-Term Debt / Total Capital	58.11	4.83	58.38	61.29	62.72
Total Liabilities / Total Assets	69.21	72.01	72.19	73.71	73.9
EBIT / Interest Expense	1.02	0.96	0.71	0.87	0.77
EBITDA / Interest Expense	2.84	2.57	2.82	1.91	1.64
(EBITDA - Capex) / Interest Expense	2.8	2.49	2.74	1.71	1.53
Total Debt / EBITDA	5.43	5.48	3.01	4.56	4.82
Net Debt / EBITDA	3.14	3.86	2.74	4.15	4.09
Total Debt / (EBITDA - Capex)	5.5	5.67	3.1	5.09	5.18
Net Debt / (EBITDA - Capex)	3.19	4	2.82	4.64	4.4
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	36.95	30.81	7.02	3.98	6.5
Gross Profit, 1 Yr. Growth %	59.56	32.17	20.59	4.39	0.66
EBITDA, 1 Yr. Growth %	103.2	10.83	116.05	-37.94	1.29
EBITA, 1 Yr. Growth %	117.87	14.63	-6.82	5.02	1.59
EBIT, 1 Yr. Growth %	161.61	20.82	1.43	20	4.23
Earnings From Cont. Operations, 1 Yr. Growth %	-2.32K	-142.7	-1.08K	-63.44	-16.91
Net Income, 1 Yr. Growth %	1.28K	-134.55	-1.08K	-63.44	-16.91
Normalized Net Income, 1 Yr. Growth %	-56.16	62.5	683.87	-59.92	42.27
Diluted EPS Before Extra, 1 Yr. Growth %	-1.88K	-139.22	-1.07K	-63.36	-18.48
Accounts Receivable, 1 Yr. Growth %	34.86	10.74	0.67	-0.57	-4.7
Inventory, 1 Yr. Growth %	47.51	75.15	-15.59	0.21	0
Net Property, Plant and Equip., 1 Yr. Growth %	69.79	31.61	9.45	17.39	0.2
Total Assets, 1 Yr. Growth %	44.83	12.96	-13.73	-0.12	3.58
Tangible Book Value, 1 Yr. Growth %	-24.46	68.22	12.01	2.75	-5.98
Common Equity, 1 Yr. Growth %	113.98	2.76	-14.29	-5.59	2.84
Cash From Operations, 1 Yr. Growth %	-81.27	319.35	56.15	47.54	-42.4
Capital Expenditures, 1 Yr. Growth %	-26.67	190.91	31.25	130.95	-31.96
Levered Free Cash Flow, 1 Yr. Growth %	-32.14	55.4	65.18	26.44	-55.95
Unlevered Free Cash Flow, 1 Yr. Growth %	-14.85	44.26	51.66	14.57	-29.61
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	29.95	33.85	18.32	5.49	5.23
Gross Profit, 2 Yr. CAGR %	43.29	45.22	26.25	9.51	2.51
EBITDA, 2 Yr. CAGR %	58.58	50.07	31.24	15.79	-20.72
EBITA, 2 Yr. CAGR %	56.14	58.04	2.95	-1.08	3.29
EBIT, 2 Yr. CAGR %	58.25	77.78	10.07	10.32	11.83
Earnings From Cont. Operations, 2 Yr. CAGR %	-43.21	208.22	104.44	89.18	-44.89
Net Income, 2 Yr. CAGR %	-36.87	117.94	83.9	89.18	-44.89
Normalized Net Income, 2 Yr. CAGR %	66.81	-15.6	94.86	76.89	-24.49
Diluted EPS Before Extra, 2 Yr. CAGR %	-51.2	164.4	94.67	88.18	-45.34
Accounts Receivable, 2 Yr. CAGR %	29.21	22.21	5.59	0.05	-2.66
Inventory, 2 Yr. CAGR %	37.67	60.74	21.59	-8.03	0.1
Net Property, Plant and Equip., 2 Yr. CAGR %	45.63	49.49	20.02	13.35	8.46
Total Assets, 2 Yr. CAGR %	54.19	27.91	-1.28	-7.18	1.71
Tangible Book Value, 2 Yr. CAGR %	34.51	12.73	37.27	7.28	-1.71
Common Equity, 2 Yr. CAGR %	65.35	48.28	-6.15	-10.04	-1.46
Cash From Operations, 2 Yr. CAGR %	-22.42	-11.37	155.9	51.78	-7.82
Capital Expenditures, 2 Yr. CAGR %	-25.84	46.06	95.4	74.1	25.36
Levered Free Cash Flow, 2 Yr. CAGR %	611.53	2.69	27.16	44.46	-25.37
Unlevered Free Cash Flow, 2 Yr. CAGR %	134.63	10.83	28.96	31.73	-10.2
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	66.43	30.24	24.23	13.34	5.83
Gross Profit, 3 Yr. CAGR %	71.25	39.48	36.5	16.59	6.47
EBITDA, 3 Yr. CAGR %	111.1	40.73	51.83	2.25	10.74
EBITA, 3 Yr. CAGR %	124.24	40.86	32.18	3.64	-0.2
EBIT, 3 Yr. CAGR %	265.52	44.63	46.89	13.29	8.25
Earnings From Cont. Operations, 3 Yr. CAGR %	-19.72	-48.36	353.07	15.18	43.8
Net Income, 3 Yr. CAGR %	-13.84	-48.36	259.6	7.33	43.8
Normalized Net Income, 3 Yr. CAGR %	31.73	65.36	18.51	14.87	64.5
Diluted EPS Before Extra, 3 Yr. CAGR %	-26.07	-54.63	307.27	11.57	42.39
Accounts Receivable, 3 Yr. CAGR %	80.82	22.74	14.56	3.49	-1.56
Inventory, 3 Yr. CAGR %	377.2	49.18	29.68	14	-5.43
Net Property, Plant and Equip., 3 Yr. CAGR %	147.91	40.8	34.73	19.13	8.79
Total Assets, 3 Yr. CAGR %	94.2	39	12.17	-0.9	-3.72
Tangible Book Value, 3 Yr. CAGR %	293.54	44.92	12.49	24.64	2.67
Common Equity, 3 Yr. CAGR %	74.87	41.1	23.52	-5.97	-5.94
Cash From Operations, 3 Yr. CAGR %	149.33	36.16	7.04	112.98	9.89
Capital Expenditures, 3 Yr. CAGR %	3.23	16.96	40.95	106.6	27.29
Levered Free Cash Flow, 3 Yr. CAGR %	114.04	328.49	3.14	26.88	-2.77
Unlevered Free Cash Flow, 3 Yr. CAGR %	111.56	99.52	12.29	23.91	6.89
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	47.83	54.27	45.2	19.71	16.25
Gross Profit, 5 Yr. CAGR %	53.11	60.8	51.59	26.62	20.55
EBITDA, 5 Yr. CAGR %	95.04	168.96	74.55	21.87	17.08
EBITA, 5 Yr. CAGR %	92.64	97.97	64.24	22.1	19.76
EBIT, 5 Yr. CAGR %	76.72	55.45	126.16	29.49	31.71
Earnings From Cont. Operations, 5 Yr. CAGR %	13.14	-12	16.68	-13.2	95.08
Net Income, 5 Yr. CAGR %	-8.97	-12	16.68	-13.2	69.82
Normalized Net Income, 5 Yr. CAGR %	3.84	14.43	54.06	33.35	-1.12
Diluted EPS Before Extra, 5 Yr. CAGR %	-3.27	-20.41	8.89	-19.85	82.38
Accounts Receivable, 5 Yr. CAGR %	53.87	63.54	45.81	13.1	7.34
Inventory, 5 Yr. CAGR %	218.16	255.9	176.18	22.94	16.93
Net Property, Plant and Equip., 5 Yr. CAGR %	70.66	82.15	85.47	29.1	23.53
Total Assets, 5 Yr. CAGR %	71.21	72.13	48.15	18.27	7.87
Tangible Book Value, 5 Yr. CAGR %	79.01	109.73	158.24	28.5	6.58
Common Equity, 5 Yr. CAGR %	70.55	58.01	36.33	17.85	12.84
Cash From Operations, 5 Yr. CAGR %	25.39	106.05	151.94	42.21	0.83
Capital Expenditures, 5 Yr. CAGR %	4.1	44.96	33.24	37.14	34.49
Levered Free Cash Flow, 5 Yr. CAGR %	53.32	94.67	73.8	152.88	-9.39
Unlevered Free Cash Flow, 5 Yr. CAGR %	87.28	95.87	73.55	59.97	2.66