Midsummer AB

Midsummer AB

1.18
SEK
+0.00
(+0.34%)
-0.03EPS
649.31MMarket Cap
Oct 23Next Earn
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.35
2.62
3.98
3.79
1.31
1.01
0.5
0.48
0.26
0.51
0.56
Basic EPS, GAAP
0.24
0.53
0.67
-0.83
-1.68
-1.39
-0.82
-2.15
-0.63
-0.23
-0.03
Free Cash Flow per Basic Share
-0.06
0.19
-1.1
-2.43
-2.42
-0.95
-1.43
-1.31
-0.35
-0.24
-0.07
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.27
0.79
2.56
1.83
2.75
2.37
1.72
1.38
0.36
0.33
0.65
Tangible Book Value per Share
-0.18
0.29
1.99
1.25
2.26
1.87
1.21
1
0.11
0.18
0.55
Basic Weighted Avg Shares
44
44
55
49
55
93
107
103
204
322
416
Sales/Revenue/Turnover
59
115
218
184
72
94
53
50
52
164
232
Operating Margin (%)
18.93
21.74
16.39
-12.52
-77.59
-126.08
-191.23
-397.2
-242.11
-38.24
1.88
Depreciation Expense
12
17
21
32
19
38
34
36
36
44
- -
Net Income, GAAP
10
23
37
-40
-92
-130
-88
-222
-129
-74
-12
Effective Tax Rate (%)
- -
5.56
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
17.52
20.09
16.89
-21.84
-128.28
-137.19
-164.56
-447.74
-248.55
-45.3
-5.25
Working Capital
16
22
89
223
338
253
-11
169
16
34
133
LT Debt
1
- -
20
214
209
208
25
220
237
200
124
Total Equity
12
35
141
100
256
253
183
195
75
112
342
Return on Invested Capital (%)
- -
86.79
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
91.24
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
99.05
42.01
-33.46
-51.83
-50.9
-40.25
-117.53
-95.91
-79.49
-5.18

Capital Structure

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
35
5
5
LT Borrowings
199
122
122
LT Finance Leases
1
1
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
337
527
530
Market Capitalization
464
460
649

Working Capital

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
132
246
244
Cash, Cash Equivalents & STI
29
150
126
Accounts Receivable, Net
18
19
23
Inventories
34
25
35
Total Current Liabilities
97
83
110
Payables & Accruals
- -
- -
- -
ST Debt
35
5
5
Deferred Revenue
- -
- -
- -

Growth Rates

SEK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-7.01%
48.8%
Free Cash Flow
- -
-1.84%
10.77%
Net Income, GAAP
- -
15.38%
-42.49%
Sales/Revenue/Turnover
- -
40.24%
215.55%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8
12
27
4
52
2025
5
63
45
52
164
2026
55
81
- -
- -
- -

Quarterly Earnings Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.15
-0.35
-0.05
-0.13
-0.63
2025
-0.15
-0.07
-0.05
0.03
-0.23
2026
-0.01
- -
- -
- -
- -

Quarterly Dividends Per Share

SEK

•

in mil. unless spec.

Year

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

Company Description

CEO
Stig Eric Robin Jaremalm
Full Time Employees
120
Sector
Producer manufacturing
Industry
Industrial machinery
Address
Elektronikhojden 6 Järfälla Sweden 175 43
IPO Date
Jun 21, 2018
Business
Midsummer AB (publ) develops, manufactures and sells lightweight thin-film CIGS solar panels and roofs, as well as production equipment for flexible solar cells; core products include Midsummer DUO, a turnkey manufacturing system for cadmium-free CIGS solar cells, Midsummer UNO, a research tool for thin-film solar development, Midsummer SLIM, flexible solar panels integrated with standing seam sheet metal roofs for metal and bitumen surfaces, Midsummer WAVE, wavy solar panels designed for two-cup roof tiles from brands such as Benders Palema, Monier Jönåker and S Eriks Mjöbäckda Ekeby, and Midsummer BOLD, ultra-light flexible panels for bitumen, PVC and membrane roofs with power outputs ranging from 114.5 W/m² to 150 W/m²; the company also provides installation services, solar roof replacements, energy storage batteries and electric vehicle chargers to industrial, commercial, public sector, residential customers and installers. Founded in 2004 and headquartered in Järfälla, Sweden, with production facilities in Järfälla and Bari, Italy, Midsummer operates primarily in the Nordic region, European Union, China and internationally, emphasizing 90% lower CO2 emissions versus traditional silicon panels through efficient thin-film processes powered by renewable energy. Recent developments encompass a May 2025 order exceeding SEK 143 million from Saab for a 15 MW solar cell factory with expansion options, November 2025 negotiations with Saab for a larger facility and long-term partnership in Colombia tied to defense projects and technology transfer, a new 50 MW thin-film factory in Italy positioning Midsummer as Europe's largest producer in the segment, a fully guaranteed SEK 175 million rights issue, partnerships with Asian OEMs for Midsummer BOLD-S production to meet global demand, and receipt of the 2025 Swedish Solar Energy Award.