Ratos AB Class A

Ratos AB Class A

36.52
SEK
-0.30
(-0.81%)
0.51EPS
3.98P/E
10.84BMarket Cap
Oct 23Next 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
82.12
88.46
77.07
79.43
72.6
72.81
67.01
65.93
70.13
92.26
103.96
61.57
57.78
62.56
Basic EPS, GAAP
2.14
3.23
1.3
-1.8
0.72
-1.41
2.12
2.18
8.2
1.69
3.75
0.76
6.53
8.35
Free Cash Flow per Basic Share
3.56
3.33
3.94
4.57
4.09
2.3
6.01
10.08
4.5
4.42
13.17
10.58
7.04
9.98
Dividend per Share
3.15
3.27
3.53
3.49
2.13
2.01
0.5
0.65
0.94
1.2
0.84
1.26
1.36
2.76
Book Value per Share
43.31
44.16
40.57
35.52
30.41
27.39
29.27
29.49
36.94
37.87
37.88
37.64
40.83
51.02
Tangible Book Value per Share
-21.06
-9.1
-4.45
-11.17
-11.85
-13.64
-13.11
4.04
1.61
-14.23
-11.27
-11.66
4.91
14.5
Basic Weighted Avg Shares
318
318
318
318
318
318
318
318
322
324
325
326
326
326
Sales/Revenue/Turnover
26,084
28,098
24,479
25,228
23,060
23,126
21,285
20,940
22,550
29,875
33,747
20,057
18,833
20,395
Operating Margin (%)
5.46
5.2
3.81
3.08
3.99
-0.16
2.48
6.58
6.81
4.76
2.28
1.97
-6.78
0.01
Depreciation Expense
1,225
1,204
1,345
3,174
1,163
1,167
1,194
1,242
1,020
1,322
1,507
1,504
1,296
2,885
Net Income, GAAP
742
1,109
496
-500
268
-448
673
693
2,637
548
1,218
249
2,130
2,721
Effective Tax Rate (%)
25.95
17.41
24.22
- -
38.15
- -
19.36
29.55
12.71
25.38
11.75
65.43
- -
63.66
Profit Margin (%)
2.84
3.95
2.03
-1.98
1.16
-1.94
3.16
3.31
11.69
1.83
3.61
1.24
11.31
13.34
Working Capital
502
2,781
3,501
2,138
1,715
677
234
3,501
1,519
1,853
184
-1,157
1,221
2,054
LT Debt
10,160
8,305
5,886
6,953
5,819
4,938
8,399
6,760
7,191
11,318
9,141
7,613
7,002
6,881
Total Equity
16,133
17,009
15,301
13,286
11,546
10,630
11,218
11,281
13,327
13,788
14,451
14,752
15,434
16,630
Return on Invested Capital (%)
5.95
6.83
4.03
- -
3.34
- -
4.92
4.95
7.02
4.99
10.22
1.4
- -
1.46
Return on Capital (%)
4.6
5.99
2.65
- -
1.76
- -
4.5
3.81
13.17
2.11
3.77
0.32
- -
10.62
Return on Common Equity (%)
5.21
7.39
3.07
-4.73
2.19
-4.88
7.48
7.43
24.75
4.52
9.9
2.03
16.65
19.33

Capital Structure

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
912
1,281
939
LT Borrowings
4,232
- -
- -
LT Finance Leases
2,770
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
326
326
326
Market Capitalization
12,406
10,503
10,835

Working Capital

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5,901
6,572
6,753
Cash, Cash Equivalents & STI
1,138
1,368
1,754
Accounts Receivable, Net
2,150
2,245
2,190
Inventories
1,570
1,901
1,705
Total Current Liabilities
4,680
5,621
4,699
Payables & Accruals
- -
- -
- -
ST Debt
912
1,281
939
Deferred Revenue
- -
- -
- -

Growth Rates

SEK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.5%
6.62%
4.62%
Free Cash Flow
28.02%
18%
-33.41%
Net Income, GAAP
13.06%
199.88%
755.42%
Sales/Revenue/Turnover
-0.84%
1.29%
-6.1%
Total Cash Common Dividend
- -
20.54%
8.07%

Quarterly Revenue

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,825
5,991
4,596
4,683
20,057
2025
4,472
5,594
- -
4,601
18,833
2026
4,497
5,703
- -
- -
- -

Quarterly Earnings Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
1.87
-0.45
-0.71
0.76
2025
0.76
9.91
- -
-5.34
6.53
2026
0.59
3.19
- -
- -
- -

Quarterly Dividends Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
1.26
- -
- -
1.26
2025
- -
1.36
- -
- -
1.36
2026
- -
1.41
- -
- -
- -

Company Description

CEO
Gustaf Salford
Full Time Employees
9,062
Sector
Finance
Industry
Financial conglomerates
Address
Sturegatan 10 Stockholm AB Sweden 114 36
IPO Date
Jan 1, 1954
Website
ratos.se
Business
Ratos AB (publ) Ratos AB (publ) is a Swedish private equity firm that owns and develops unlisted mid-sized companies primarily in the Nordic region across three business areas: Industry; Construction & Services; and Consumer. In the Industry area, it offers technological solutions including product and digital development through subsidiaries such as Diab, which provides sustainable composite core materials; HL Display, which enhances retail shopping experiences; LEDiL, a supplier of secondary optics; Oase Outdoors, an innovative camping and outdoor equipment provider; Knightec Group, formed by the 2024 merger of Knightec and Semcon for product and digital services; Aleido, focused on aftermarket information and learning solutions; Speed Group, a third-party logistics provider; and TFS, a global contract research organization. The Construction & Services area delivers maintenance for critical infrastructure in railway, road, and energy sectors via Aibel, an energy services company; Expin Group, specializing in rail electrification; and Presis Infra, which maintains transport infrastructure; alongside construction services for hospitals, schools, and government buildings through Sentia, created in 2024 by merging HENT and SSEA Group and listed on Euronext Oslo Børs in June 2025 with Ratos retaining a 40% stake. The Consumer area simplifies consumer life via KVD, a used vehicle marketplace, and Plantasjen, a retailer of plants and home furnishings that completed reconstruction in February 2025 to optimize its store network and organization. Recent developments include the sale of ventilation company airteam in early 2025; leadership changes such as the appointment of Gustaf Salford as CEO in November 2025 and updates to the Leadership Team; a multi-billion SEK contract renewal by Speed Group with Ericsson in early 2025; and sustained focus on sustainability integrated into operations for long-term profitability. Founded in 1934 and headquartered at Sturegatan 10 in Stockholm, Sweden, Ratos AB (publ) reported net sales of SEK 32 billion and adjusted EBITA of SEK 2.3 billion in 2024 across 14 companies employing approximately 10,900 people.

Company News

  • Ratos AB (publ) (RTOBF) Q2 2026 Earnings Call Transcript

  • Ratos AB (publ) (OTCMKTS:RTOBF) Shares Up 24.8% – Here’s What Happened