BHG Group AB

BHG Group AB

21.72
SEK
+1.10
(+5.33%)
3.90BMarket Cap
Oct 23Next Earn
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
45.15
62
36.84
51.92
57.84
83.5
104.68
98.2
65.79
55.59
59.06
- -
Basic EPS, GAAP
0.66
1.35
-1.64
0.04
1.64
3.86
3.97
0.25
-8.73
-3.79
0.81
- -
Free Cash Flow per Basic Share
1.39
2.21
1.05
0.54
3.02
8.38
-1.83
-2.22
7.62
2.91
3.02
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
1.41
2.06
22.12
25.92
26.91
25.96
42.09
43.44
35.39
32.3
32.72
32.85
Tangible Book Value per Share
-2.37
-3.3
-11.57
-9.62
-12.11
-31.78
-32.31
-9.96
-11.12
-12.23
-11.23
-10.88
Basic Weighted Avg Shares
42
42
107
96
107
107
121
137
179
179
179
179
Sales/Revenue/Turnover
1,895
2,602
3,956
4,974
6,213
8,968
12,666
13,434
11,790
9,963
10,583
- -
Operating Margin (%)
2.47
3
2.16
1.84
4.61
7.29
5.62
-1.31
-1.62
-4.6
3.35
- -
Depreciation Expense
13
18
55
66
184
245
371
549
698
903
428
- -
Net Income, GAAP
27
57
29
54
176
415
481
34
-1,565
-679
145
- -
Effective Tax Rate (%)
26.61
22.4
22.01
- -
22.82
23.62
22.21
- -
- -
- -
21.06
- -
Profit Margin (%)
1.45
2.18
0.73
1.09
2.84
4.63
3.8
0.25
-13.27
-6.81
1.37
- -
Working Capital
-188
-108
72
162
138
-243
656
1,132
60
-33
-175
88
LT Debt
- -
157
893
695
1,153
2,492
3,139
2,576
1,923
1,871
1,715
1,852
Total Equity
162
230
2,375
2,814
2,925
2,823
5,256
7,670
6,510
5,985
6,081
6,099
Return on Invested Capital (%)
- -
17.71
3.83
- -
5.63
10.24
7.68
- -
- -
- -
3.8
- -
Return on Capital (%)
- -
17.99
3.28
- -
5.12
9.08
7.35
- -
- -
- -
2.47
- -
Return on Common Equity (%)
- -
30.5
-13.59
0.15
6.21
14.62
12.02
0.53
-22.42
-11.19
2.49
- -

Capital Structure

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
205
291
279
LT Borrowings
1,297
1,498
1,494
LT Finance Leases
417
389
358
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
179
179
179
Market Capitalization
5,735
4,165
3,904

Working Capital

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,874
2,115
2,338
Cash, Cash Equivalents & STI
301
350
565
Accounts Receivable, Net
189
483
504
Inventories
1,013
1,283
1,269
Total Current Liabilities
2,049
2,105
2,250
Payables & Accruals
- -
- -
- -
ST Debt
205
291
279
Deferred Revenue
- -
- -
- -

Growth Rates

SEK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
110.59%
22.11%
1.6%
Free Cash Flow
3.17%
-138.69%
3.79%
Net Income, GAAP
-443.71%
-988.73%
-121.41%
Sales/Revenue/Turnover
21.01%
5.16%
6.23%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,009
2,716
2,354
2,884
9,963
2025
2,204
2,745
- -
3,037
10,583
2026
2,246
3,025
- -
- -
- -

Quarterly Earnings Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.38
-0.57
-0.37
-2.47
-3.79
2025
0.11
0.42
- -
0.22
0.81
2026
-0.1
0.31
- -
- -
- -

Quarterly Dividends Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Karl Gustav Ingemar Öhrn
Full Time Employees
1,555
Sector
Retail trade
Industry
Specialty stores
Address
Neptunigatan 1 Malmö SN Sweden 211 20
IPO Date
Mar 27, 2018
Business
BHG Group AB (publ) (BHG.ST) operates as a leading Nordic consumer e-commerce company focused on home improvement, furniture, and furnishings, offering over 1.7 million products through an ecosystem of online stores, showrooms, last-mile delivery, and installation services; it segments operations into Home Improvement (DIY categories like garden, construction, and renovation via drop-shipping under brands including Bygghemma, Taloon, Golvpoolen, Nordiska Fönster, Hafa, and Hylte Jakt & Trädgård), Value Home (affordable furniture and leisure under Trademax, Chilli, Hemfint, Furniturebox, and others), and Premium Living (high-end furniture, home furnishings, and interior design under Nordic Nest, Svenssons i Lammhult, Sleepo, KitchenTime, and related brands). Founded in 2006 and headquartered in Malmö, Sweden, the company serves customers in Sweden, Finland, Denmark, Norway, the rest of Europe, and select international markets with approximately 2,000 employees and net sales of around SEK 6 billion in recent years, emphasizing category dominance, price matching, scalable low-capital operations, and data-driven optimization. In recent strategic moves, BHG completed the divestiture of its full stake in IP-Agency Finland Oy, a sports and leisure e-commerce platform, to the founders' holding company IPA Holding Oy for EUR 5 million (SEK 58 million) on April 1, 2025, following an initial agreement in late 2024; it continues consolidating Nordic DIY operations under the scalable Bygghemma Nordic platform while pursuing bolt-on acquisitions to enhance platforms, reported strong Q3 2025 organic growth of 13.4% and 76% earnings improvement amid Finnish market challenges, and maintains focus on portfolio optimization including prior integration of HYMA Skog & Trädgård from 2021.