1. Denmark Stocks

  2. •

    Distribution services

  3. •

    Wholesale distributors
Brdr A & O Johansen A/S Class B

Brdr A & O Johansen A/S Class B

104.00
DKK
+1.00
(+0.97%)
7.87EPS
11.09P/E
1.89BMarket Cap
Oct 28Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
47.07
45.93
53.38
73.39
120.65
124.13
131.27
151.73
175.89
197.78
193.59
199.78
224.71
239.93
Basic EPS, GAAP
2.01
1.5
1.78
2.74
4.24
4.36
4.8
6.4
9.3
10.84
7.58
6.01
7.37
7.9
Free Cash Flow per Basic Share
0.67
0.04
-0.23
4.02
0.73
8.08
9.46
11.65
3.85
0.38
8.01
1.43
4.12
12.93
Dividend per Share
- -
- -
- -
- -
0.6
0.6
0.6
0.6
1.49
4.5
5.25
3.75
3
4.43
Book Value per Share
17.58
18.98
20.78
35.5
29.68
34.24
39.38
46.62
56.11
65.18
68.32
71.15
77.25
76.66
Tangible Book Value per Share
14.44
15.83
12.52
12.53
8.16
13.28
18.12
25.49
33.42
36.84
38.87
28.17
32.79
30
Basic Weighted Avg Shares
49
49
49
38
27
27
27
27
27
27
27
27
27
27
Sales/Revenue/Turnover
2,310
2,259
2,631
2,823
3,269
3,373
3,583
4,098
4,801
5,375
5,261
5,429
6,121
6,423
Operating Margin (%)
5.76
4.7
4.74
5
4.5
4.59
4.91
5.46
6.6
7.13
5.55
4.53
4.76
4.61
Depreciation Expense
37
44
54
66
76
86
106
105
101
108
113
120
143
157
Net Income, GAAP
99
74
88
105
115
119
131
173
254
294
206
163
201
211
Effective Tax Rate (%)
21.22
24.38
23.99
22.14
21.1
21.12
22.23
21.69
22.17
21.98
21.28
22.23
22.84
22.96
Profit Margin (%)
4.27
3.27
3.34
3.73
3.51
3.51
3.66
4.22
5.29
5.48
3.92
3.01
3.28
3.29
Working Capital
341
244
62
-196
-419
-255
-142
41
63
220
205
137
56
7
LT Debt
169
167
166
284
168
228
264
243
242
475
465
737
662
726
Total Equity
863
936
1,025
732
656
757
870
1,030
1,240
1,407
1,475
1,536
1,668
1,655
Return on Invested Capital (%)
10.63
7.27
7.45
8.42
8.27
8.44
9.59
12.45
17.27
17.17
11.43
8.23
8.45
7.87
Return on Capital (%)
10.38
7.22
7.44
8.4
8.72
8.8
9.62
12.63
17.43
16.96
11.19
8.61
8.65
8.33
Return on Common Equity (%)
12.11
8.2
8.95
12
16.54
16.78
16.1
18.19
22.36
22.25
14.3
10.85
12.53
13.38

Capital Structure

DKK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
449
633
554
LT Borrowings
548
541
588
LT Finance Leases
114
127
138
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
22
22
22
Market Capitalization
1,999
1,828
1,890

Working Capital

DKK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,718
1,833
1,923
Cash, Cash Equivalents & STI
61
36
53
Accounts Receivable, Net
697
811
848
Inventories
897
913
958
Total Current Liabilities
1,662
1,898
1,916
Payables & Accruals
- -
- -
- -
ST Debt
449
633
554
Deferred Revenue
- -
- -
- -

Growth Rates

DKK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.12%
10.28%
8.57%
Free Cash Flow
145.39%
394.61%
188.69%
Net Income, GAAP
10.97%
6.99%
22.83%
Sales/Revenue/Turnover
8.98%
8.58%
12.74%
Total Cash Common Dividend
- -
63.63%
-19.92%

Quarterly Revenue

DKK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,251
1,302
1,326
1,550
5,429
2025
1,486
1,497
- -
1,673
6,121
2026
1,582
1,671
- -
- -
- -

Quarterly Earnings Per Share

DKK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1
1.1
1.7
2.26
6.01
2025
1.5
1.5
- -
2.97
7.37
2026
1.6
1.8
- -
- -
- -

Quarterly Dividends Per Share

DKK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.13
0.69
- -
- -
3.75
2025
2.45
0.6
- -
- -
3
2026
3.26
0.58
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Niels Axel Johansen
Full Time Employees
1,018
Sector
Distribution services
Industry
Wholesale distributors
Address
Rørvang 3 Albertslund ZE Denmark 2620
IPO Date
Jan 1, 1963
Website
ao.dk
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Business
Brødrene A & O Johansen A/S engages in the wholesale distribution of technical installation materials and tools to the construction industry across Denmark, Sweden, Norway, and other Nordic and Baltic markets. Founded in 1914 and headquartered in Albertslund, Denmark, the company operates through two primary segments, Professional B2B and Private B2C, serving plumbers, electricians, carpenters, building and sewer contractors, construction companies, municipalities, utilities, and public institutions, as well as do-it-yourself customers. Its core products and services encompass plumbing, heating, and sanitary ware including fittings and pipes; electrical equipment and components such as lighting and cables; climate control systems; water supply and drainage products; tools and machines like pumps, cement mixers, and vacuum cleaners; brackets and fastening materials; workwear and safety equipment; and locking systems, with additional offerings in equipment rental and online sales via platforms including BilligVVS.dk, LavprisVVS.dk, VVSochBad.se, BilligVVS.no, Greenline.dk, LampeGuru.dk, Lampeguru.no, and CompletVVS. In recent developments, the company completed acquisitions of three entities in 2024 contributing to 3% topline growth and 11% growth in the second half, including the July 2024 purchase of Designkupp AS operating VVSKupp.no, Norway's leading online bathroom products store with NOK 125 million in 2023 revenue, strengthening its Norwegian e-commerce presence and tripling business scale there; it also integrated Inriver PIM to streamline management of over 800,000 SKUs, accelerating product time-to-market from days to hours across ERP, webshops, and print systems; and anticipates continued organic and acquisitive growth in 2025 with improved margins from higher B2C contributions.