Ratos Boosts Underlying Profit as Portfolio Restructuring Drives Heavy Impairments

Ratos AB ( ($SE:RATO.B) ) has provided an update.

Ratos reported a mixed 2025, with continuing operations delivering adjusted EBITA of SEK 1,931m, up 17%, and a stronger adjusted EBITA margin, despite a 6% decline in net sales and heavy non-cash goodwill impairments, mainly in the Plantasjen unit. For the full group, operating profit nearly doubled to SEK 3,331m, supported by capital gains from the divestments of Sentia and airteam, while the board proposed a slightly higher dividend of SEK 1.40 per share, signaling confidence in underlying earnings.

The fourth quarter was marked by substantial restructuring, including extensive changes at Plantasjen, the planned divestment of Expin Group and a signed acquisition by portfolio company HL Display, all aligned with management’s push towards a more focused portfolio. Leadership transition also continued, with Gustaf Salford taking over as CEO on 1 December, as Ratos seeks to balance near-term losses driven by impairments with stronger adjusted profitability, lower leverage and an active portfolio rotation strategy that could reshape its earnings profile in coming years.

The most recent analyst rating on ($SE:RATO.B) stock is a Buy with a SEK43.00 price target. To see the full list of analyst forecasts on Ratos AB stock, see the SE:RATO.B Stock Forecast page.

More about Ratos AB

Ratos AB is a Swedish investment company that owns and develops a portfolio of businesses across multiple sectors, with a focus on improving operational performance and long-term value creation. The group manages both industrial and service-oriented companies and actively reshapes its portfolio through acquisitions, divestments and structural changes to sharpen its strategic focus.

YTD Price Performance: 0.53%

Average Trading Volume: 371,225

Technical Sentiment Signal: Strong Buy

Current Market Cap: SEK12.6B

See more data about RATO.B stock on TipRanks’ Stock Analysis page.