Nilorngruppen AB Class B (SE:NIL.B)
:NIL.B
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Nilorngruppen AB Class B
(NIL.B)
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Rating:63Neutral
Price Target:
kr56.00
▼(-8.79% Downside)
Action:ReiteratedDate:03/14/26
The score is driven primarily by mixed fundamentals: strong recent cash generation and conservative leverage support resilience, but stalled revenue and sharply compressed margins—especially the 2025 gross-margin deterioration—are a major risk. Technicals further weigh on the score due to a clear downtrend and negative momentum, while a reasonable P/E and moderate dividend yield provide partial valuation support.
Positive Factors
Strong free cash flow generation
Consistent, high free cash flow across 2023–2025 provides durable internal funding for capex, dividends, and debt reduction. This cash conversion supports strategic flexibility and resilience through apparel cycle volatility, reducing reliance on external financing over the medium term.
Negative Factors
Severe 2025 gross-margin deterioration
A collapse from mid‑40% to ~7.8% gross margin is a structural red flag: it suggests major mix, pricing, or cost disruptions that materially weaken operating leverage. If persistent, this undermines margin recovery, free cash conversion quality, and sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Consistent, high free cash flow across 2023–2025 provides durable internal funding for capex, dividends, and debt reduction. This cash conversion supports strategic flexibility and resilience through apparel cycle volatility, reducing reliance on external financing over the medium term.
Read all positive factors
Nilorngruppen AB Class B (NIL.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr567.82M
Dividend Yield2.33%
Average Volume (3M)19.84K
Price to Earnings (P/E)15.1
Beta (1Y)0.47
Revenue Growth4.54%
EPS Growth15.80%
CountrySE
Employees667
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)0.44
Shares Outstanding10,441,988
10 Day Avg. Volume7,556
30 Day Avg. Volume19,839
Financial Highlights & Ratios
PEG Ratio-1.04
Price to Book (P/B)2.20
Price to Sales (P/S)0.80
P/FCF Ratio8.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)5.42
Revenue Forecast (FY)kr953.00M
Nilorngruppen AB Class B Business Overview & Revenue Model
Company Description
Nilörngruppen AB produces and sells labels, packaging products, and accessories primarily in the fashion and garment industries in Nordic countries, the rest of Europe, and Asia. It also offers hangtags, woven labels, printed labels, badges, butto...
How the Company Makes Money
Nilorngruppen makes money primarily by manufacturing and selling labeling and trim products used in customers’ finished goods (most commonly apparel), charging per unit and/or per order based on specifications such as materials, production method ...
Nilorngruppen AB Class B Earnings Call Summary
Earnings Call Date:Oct 24, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Apr 24, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted significant sales growth, operating profit increases, and strategic investments in technology and facilities. However, challenges such as a decline in order intake, ongoing weakness in the luxury segment, and currency impacts on equity were noted, indicating a mixed performance.Positive Updates
Sales Increase
Sales increased by 10%, and when adjusted for currency effects, the increase is 18%.
Negative Updates
Order Intake Decline
Order intake decreased by 13%, partly due to a large packaging order shifting to Q4 and currency effects.
Read all updates
Q3-2025 Updates
Positive
Negative
Sales Increase
Sales increased by 10%, and when adjusted for currency effects, the increase is 18%.
Read all positive updates
Company Guidance
In the Nilörn Q3 interim report presentation, Krister Magnusson highlighted several key metrics. The order intake showed a decline of 13%, influenced by a significant packaging order of SEK 18 million shifted to Q4, and a currency effect explaining an additional 6%. Adjusted sales increased by 18%, with operating profit rising to SEK 26.3 million from SEK 15 million the previous year, resulting in an 11.4% operating margin, aligning with their target range of 10-12%. The tax rate for the quarter was 24.6%, consistent with the year-to-date figure. Nilörn's equity stood at nearly SEK 350 million, despite a SEK 32 million negative currency impact due to the strong Swedish krona. The company employs almost 700 people, with significant investments in Bangladesh and Portugal. Looking forward, they anticipate the luxury segment to recover by mid-2026, and they are considering segment reporting for future quarterly reports.Nilorngruppen AB Class B Financial Statement Overview
Summary
Income Statement
60
Neutral
Balance Sheet
73
Positive
Cash Flow
77
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 945.11M | 944.67M | 869.77M | 942.81M | 788.30M |
| Gross Profit | 73.79M | 427.52M | 379.71M | 416.52M | 364.13M |
| EBITDA | 105.86M | 118.90M | 94.19M | 164.55M | 144.10M |
| Net Income | 49.94M | 58.50M | 39.34M | 101.00M | 87.44M |
Balance Sheet | |||||
| Total Assets | 575.75M | 597.49M | 577.85M | 613.98M | 556.07M |
| Cash, Cash Equivalents and Short-Term Investments | 101.68M | 100.81M | 104.72M | 113.08M | 116.37M |
| Total Debt | 77.75M | 81.56M | 111.49M | 95.62M | 75.71M |
| Total Liabilities | 231.51M | 247.10M | 283.03M | 280.76M | 277.81M |
| Stockholders Equity | 343.41M | 349.61M | 294.47M | 333.22M | 278.26M |
Cash Flow | |||||
| Free Cash Flow | 86.12M | 84.63M | 77.00M | 10.09M | 67.98M |
| Operating Cash Flow | 90.77M | 94.26M | 89.11M | 26.73M | 78.83M |
| Investing Cash Flow | -30.19M | -22.22M | -17.74M | -8.37M | -11.74M |
| Financing Cash Flow | -42.05M | -79.63M | -62.94M | -23.19M | -21.95M |
Nilorngruppen AB Class B Technical Analysis
Negative
61.40
Price Trends
57.20
Negative
59.51
Negative
58.24
Negative
Market Momentum
-2.02
Negative
37.99
Neutral
20.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:NIL.B, the sentiment is Negative. The current price of 61.4 is above the 20-day moving average (MA) of 51.70, above the 50-day MA of 57.20, and above the 200-day MA of 58.24, indicating a bearish trend. The MACD of -2.02 indicates Negative momentum. The RSI at 37.99 is Neutral, neither overbought nor oversold. The STOCH value of 20.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:NIL.B.
Nilorngruppen AB Class B Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | kr1.74B | 17.16 | 23.44% | 4.95% | 9.20% | 11.72% | |
63 Neutral | kr567.82M | 15.14 | 16.85% | 2.33% | 4.54% | 15.80% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | kr698.10M | -22.80 | -1.19% | 2.30% | -4.95% | -157.76% | |
46 Neutral | kr564.86M | -2.77 | -11.15% | ― | -17.48% | 20.08% | |
46 Neutral | kr665.63M | 35.47 | -0.15% | ― | 15.59% | 16.67% | |
44 Neutral | kr345.32M | -11.13 | -4.80% | ― | -0.80% | -442.39% |
* Consumer Cyclical Sector Average
SE:NIL.B
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.