HAKI Safety AB (publ)

HAKI Safety AB (publ)

HAKI-B.ST
HAKI Safety AB (publ)SE flagStockholm Stock Exchange
19.00
SEK
-0.30
- -
542.93MMarket Cap
HAKI Safety AB (publ)
HAKI-B.ST
(Stockholm Stock Exchange)

Recent

price

19.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
82.9
91.54
93.01
96.99
96.51
62.6
68.17
53.66
31.31
29.91
21.53
31.59
42.74
43.47
38.42
42.18
41.47
Revenue per Share
1.49
-0.6
-0.54
-0.67
-2.11
0.65
-1.72
-0.76
0.08
1.66
-0.02
2.13
2.6
2.27
1.5
1.22
0.88
Basic EPS, GAAP
-1.8
-4.95
-1.98
-2.7
-1.2
-3.39
1.45
1.9
4.35
0.49
0.82
-0.89
-3.95
4.76
-0.66
1.5
0.33
Free Cash Flow per Basic Share
1
1.5
0.49
- -
- -
- -
- -
- -
- -
0.51
- -
- -
0.77
0.81
0.91
0.5
0.95
Dividend per Share
25.78
23.68
21.45
21.18
19.21
19.85
18.05
17.08
16.58
18.54
18.03
20.11
21.92
22.98
23.71
25.51
- -
Book Value per Share
22.21
19.7
16.64
15.97
14.77
14.73
15.34
14.43
14.77
16.44
15.58
10.29
6.11
8.67
6.22
5.69
3.22
Tangible Book Value per Share
25
25
25
25
25
25
25
25
25
27
27
27
27
27
27
28
27
Basic Weighted Avg Shares
2,032
2,243
2,312
2,377
2,365
1,534
1,671
1,316
768
796
588
863
1,168
1,188
1,050
1,179
1,132
Sales/Revenue/Turnover
3.18
1.34
-0.15
0.06
0.82
3.77
1.56
-0.79
7.97
7.87
1.05
8.53
8.48
9.93
7.14
6.19
5.74
Operating Margin (%)
51
50
56
59
64
48
51
58
48
62
58
64
43
115
92
109
- -
Depreciation Expense
36
-15
-13
-16
-52
16
-42
-19
2
44
-1
58
71
62
41
34
24
Net Income, GAAP
35.96
- -
- -
- -
- -
25.35
- -
- -
16.25
16.58
- -
25.13
23.91
20.51
18
24.44
22.58
Effective Tax Rate (%)
1.8
-0.66
-0.58
-0.69
-2.18
1.04
-2.52
-1.42
0.25
5.55
-0.1
6.73
6.08
5.22
3.9
2.88
2.12
Profit Margin (%)
310
206
165
147
189
189
197
194
129
252
189
155
282
387
277
253
477
Working Capital
90
75
77
82
174
185
146
135
33
141
26
31
371
375
415
363
519
LT Debt
629
572
524
504
464
463
412
390
390
481
471
540
608
643
684
684
638
Total Equity
4.85
- -
- -
- -
- -
4.27
- -
- -
7.41
8.4
- -
9.21
8.66
8.83
5.47
4.8
4.48
Return on Invested Capital (%)
5.61
- -
- -
- -
- -
3.22
- -
- -
1.94
7.66
- -
10.31
9.49
7.92
5.87
4.67
7.12
Return on Capital (%)
5.82
-2.44
-2.41
-3.1
-10.43
3.32
-9.07
-4.34
0.46
9.82
-0.12
11.15
12.36
10.11
6.43
5
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
72
- -
- -
LT Borrowings
362
452
442
LT Finance Leases
53
85
77
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
27
27
27
Market Capitalization
658
666
617

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
586
598
591
Cash, Cash Equivalents & STI
35
- -
62
Accounts Receivable, Net
173
215
183
Inventories
348
350
306
Total Current Liabilities
309
104
114
Payables & Accruals
- -
- -
- -
ST Debt
72
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
-53.51%
-106.87%
-333.33%
Net Income, GAAP
-823.03%
-1,964.95%
-17.07%
Sales/Revenue/Turnover
0.8%
16.88%
12.29%
Total Cash Common Dividend
- -
- -
-44%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
242
263
253
292
1,050
2025
263
324
304
- -
1,179
2026
286
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
0.4
0.59
0.37
1.5
2025
-0.48
0.4
0.17
- -
1.22
2026
0.13
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.44
- -
0.44
0.91
2025
- -
0.51
- -
- -
0.5
2026
- -
- -
- -
- -
- -
Business
HAKI Safety AB (publ) (Nasdaq Stockholm: HAKI-B.ST) manufactures and supplies safety products and solutions for temporary workplaces in challenging environments, including infrastructure, energy, industry, aviation, rail, construction, and civil engineering sectors; its core offerings encompass work zone safety products such as catchfans, barrier systems, fall protection, access platforms, stairs, stairways, and spaghetti mats; system scaffolding solutions including system and frame scaffolding, weather protection, stair solutions, and bridge systems; and digital and technical solutions comprising surveying instruments, equipment for cadastral surveying and mapping, construction laser level tools, and digital design and construction tools for project planning and visualization. The company, founded in 1988 through a spin-off from Skåne-Gripen and headquartered in Malmö, Sweden, operates production facilities in Sweden, Hungary, Austria, the UK, and the US, supplemented by external contract manufacturing; it maintains approximately 350 employees across nine countries, with primary markets in Europe and North America. Formerly known as Midway Holding AB (publ), HAKI Safety rebranded in December 2023 to reflect its strategic shift from a diversified conglomerate to a focused provider of safety solutions centered on system scaffolds and related products. Recent acquisitions drive its growth strategy, including Span Access Solutions in 2019 for customized suspended platforms, Vertemax in 2021 for height safety and geographical expansion, Novakorp Systems and EKRO Bausystem in 2022 for barrier systems and German-speaking markets, Semmco Group in 2024 for aviation and rail access platforms and docking systems manufactured in the UK and US, and Trimtec in 2025 for Trimble precision equipment distribution in Sweden, broadening its geodesy offerings and enabling end-to-end solutions from planning to safety product delivery. HAKI Safety generates annual sales exceeding SEK 1 billion and pursues organic growth, geographical expansion in Europe and North America, supply chain optimization, and one to two acquisitions annually to diversify risks and enhance customer offerings in complex project segments.