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Indutrade AB
(INDT)
Indutrade AB (INDT) vs. iShares MSCI Sweden ETF (EWD)
Indutrade AB Business Overview & Revenue Model
Indutrade AB Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 32.23B | 32.54B | 31.84B | 27.02B | 21.71B |
| Gross Profit | 11.40B | 11.40B | 11.05B | 9.36B | 7.61B |
| EBITDA | 5.48B | 5.80B | 5.77B | 4.88B | 3.89B |
| Net Income | 2.56B | 2.75B | 2.87B | 2.68B | 2.10B |
Balance Sheet | |||||
| Total Assets | 33.23B | 34.42B | 31.28B | 28.86B | 22.00B |
| Cash, Cash Equivalents and Short-Term Investments | 2.39B | 3.05B | 3.01B | 1.59B | 1.46B |
| Total Debt | 9.64B | 10.79B | 10.46B | 9.81B | 6.50B |
| Total Liabilities | 16.11B | 17.77B | 16.79B | 16.09B | 11.70B |
| Stockholders Equity | 17.11B | 16.64B | 14.47B | 12.76B | 10.29B |
Cash Flow | |||||
| Free Cash Flow | 3.50B | 3.61B | 3.95B | 1.82B | 2.48B |
| Operating Cash Flow | 3.99B | 4.13B | 4.49B | 2.37B | 2.85B |
| Investing Cash Flow | -2.23B | -2.50B | -2.13B | -3.32B | -2.00B |
| Financing Cash Flow | -2.34B | -1.63B | -932.00M | 991.00M | -200.00M |
Indutrade AB Technical Analysis
Indutrade AB Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | kr90.32B | 43.54 | 30.33% | 0.98% | 9.24% | 15.27% | |
69 Neutral | kr18.55B | 31.32 | 25.27% | 1.22% | 3.19% | 4.60% | |
68 Neutral | kr22.27B | 35.44 | 15.33% | 1.03% | -1.37% | 14.78% | |
59 Neutral | kr85.54B | 33.42 | 16.43% | 1.26% | 0.97% | -2.09% | |
57 Neutral | kr71.85B | 30.88 | 11.04% | 0.95% | 9.08% | -3.36% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | kr15.55B | 14.63 | 5.21% | 0.88% | -4.70% | ― |
Indutrade AB Corporate Events
Indutrade has expanded its presence in the automotive aftermarket by acquiring all shares in Italian technical trading company CAT Ricambi, which generates annual sales of about EUR 30 million and employs 38 people in Modena. The deal strengthens Indutrade’s footprint in Northern Italy and enhances its cluster within the automotive aftermarket segment, with CAT Ricambi to be integrated into the Industrial & Engineering business area and expected to contribute marginally positively to earnings per share.
The most recent analyst rating on (SE:INDT) stock is a Buy with a SEK258.00 price target. To see the full list of analyst forecasts on Indutrade AB stock, see the SE:INDT Stock Forecast page.
Indutrade AB has called its 2026 Annual General Meeting for 1 April 2026 at the IVA Conference Center in Stockholm, allowing shareholders to participate either in person or via proxy. The company is also enabling postal voting, in line with its Articles of Association, to broaden access for shareholders who cannot attend physically.
To exercise their voting rights, shareholders must be registered in the Euroclear Sweden AB share register as of 24 March 2026 and submit notice of participation or postal votes by 26 March 2026. The notice clarifies procedures for power of attorney, documentation for legal entities, and voting rights registration for nominee-registered shareholders, underscoring Indutrade’s focus on clear governance and shareholder participation mechanisms.
The most recent analyst rating on (SE:INDT) stock is a Buy with a SEK253.00 price target. To see the full list of analyst forecasts on Indutrade AB stock, see the SE:INDT Stock Forecast page.
Indutrade has acquired all shares in Danish company Belman A/S, a specialist in customised metallic and non-metallic expansion joints and bellows used across marine, process and power generation industries, with annual sales of about DKK 180 million and operations in Denmark and India. The deal, Indutrade’s first acquisition of 2026, closed on 2 February, brings 142 employees into its Process, Energy & Water business area and is expected to have a marginally positive effect on earnings per share, reinforcing the group’s strategy of expanding its portfolio of technically advanced industrial solutions with companies that demonstrate sustainable, profitable growth.
The most recent analyst rating on (SE:INDT) stock is a Buy with a SEK230.00 price target. To see the full list of analyst forecasts on Indutrade AB stock, see the SE:INDT Stock Forecast page.
In its year-end report for 2025, Indutrade AB reported that market conditions remained uncertain and overall demand was weak, yet the group managed to improve its underlying profitability and maintain strong cash generation. In the fourth quarter, order intake rose 2% and organic orders increased 3%, particularly supported by customers in energy, water/wastewater, infrastructure and construction, while medical technology and pharmaceutical demand remained solid; however, net sales dipped 1% and reported EBITA fell 10% due to non-recurring project cost issues in two UK companies. Excluding these non-recurring items, the EBITA margin strengthened to 14.9% on the back of a robust gross margin, with the Industrial & Engineering business area showing the strongest sales and margin performance. For the full year, net sales reached SEK 32.2 billion with an EBITA margin of 13.8% and free operating cash flow of SEK 3.5 billion, supported by inventory reductions that helped keep operating cash flow high, while leverage remained low and the financial position strong. Indutrade continued to execute its acquisition-driven growth strategy, completing 13 acquisitions in 2025 with combined annual sales of about SEK 1.3 billion and expanding its footprint to Spain for the first time, and the board proposed a slightly higher dividend, underscoring confidence in the company’s cash flow and balance sheet strength despite lower earnings.
The most recent analyst rating on (SE:INDT) stock is a Hold with a SEK255.00 price target. To see the full list of analyst forecasts on Indutrade AB stock, see the SE:INDT Stock Forecast page.
Indutrade AB’s Nomination Committee has proposed the re-election of all eight current Board members, including Bo Annvik, Pia Brantgärde Linder, Anders Jernhall, Kerstin Lindell, Martin Lindqvist, Ulf Lundahl, Katarina Martinson and Lars Pettersson, with Martinson nominated to continue as Chair. The proposal keeps the Board size unchanged at eight directors and signals a clear preference for continuity in the group’s governance ahead of the Annual General Meeting scheduled for 1 April 2026, suggesting confidence in the existing leadership as the company pursues its long-term growth and acquisition strategy.
The most recent analyst rating on (SE:INDT) stock is a Hold with a SEK255.00 price target. To see the full list of analyst forecasts on Indutrade AB stock, see the SE:INDT Stock Forecast page.
Indutrade has announced that it will publish its Year-End Report 2025 on 29 January, followed by a live webcast presentation and Q&A session led by President and CEO Bo Annvik and CFO Patrik Johnson later the same morning. The English-language webcast, along with on-demand access to the presentation materials, underscores the group’s efforts to maintain transparent communication with investors and other stakeholders as it reports on performance across its diversified portfolio of industrial and technology companies.
The most recent analyst rating on (SE:INDT) stock is a Hold with a SEK255.00 price target. To see the full list of analyst forecasts on Indutrade AB stock, see the SE:INDT Stock Forecast page.
Indutrade has expanded its position in the industrial temperature measurement niche with the acquisition of Belgian company Thermibel S.A., a specialist in designing, manufacturing and selling temperature sensors and calibration equipment for industrial customers, primarily in the Belgian and French markets. Founded in 1983 and employing 32 people, Thermibel broadens Indutrade’s portfolio with proprietary thermocouples, resistance temperature detectors, probes, transmitters, calibration instrumentation and accredited calibration services, and will be integrated into the Business Area Technology & Systems Solutions. As Indutrade’s 13th acquisition in 2025, the deal strengthens its cluster of temperature sensor companies and is expected to have a marginally positive impact on earnings per share, underlining the group’s continued acquisition-driven growth strategy in specialised industrial niches.
The most recent analyst rating on (SE:INDT) stock is a Hold with a SEK255.00 price target. To see the full list of analyst forecasts on Indutrade AB stock, see the SE:INDT Stock Forecast page.