Indutrade AB (publ) INDT
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Full analysis: 6 Apr 2026
Latest news check: 2 Aug 2026
General analysis — not personal advice.
BUY
6/10
Confidence
Consider adding in steps (e.g., 2–3 tranches) rather than all at once, as the stock can trade mixed even after strong results. If already overweight: add only on weakness or keep weight and seek confirmation in coming quarters.
Strong order intake, record margins and the tenth acquisition of the year continue to support the growth outlook.
Market sentiment
7/10
↑
Trend: Improving
Sentiment has strengthened further following the acquisition and Redeye’s positive comments on the organic recovery.
Price context
The share trades around 238–240 SEK with a 21.1 % gain over the past three months yet sits 8.8 % below its 52-week high.
Risk assessment
6/10
Dilution:
Low
Strong cash flow; no major equity issuance reported
Jurisdiction:
Low
Mainly Sweden/Western Europe; stable legal regimes
Execution:
Medium
Acquisition and integration require consistent execution
Recent changes
- Q2/H1 2026 showed ~+5% organic growth, a clearly improved EBITA margin (~14.7%), and strong order intake building the backlog into H2.
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Show all changes (6) — follow the company freeAbout the company
Indutrade is an acquisition-driven industrial group focused on technical trading, selling niche industrial components, systems and services. It operates a highly decentralized model through 200+ subsidiaries across many countries, combining stable profitability with M&A-led growth. Recently weak organic growth has increased focus on efficiency measures and deal pace.
Sector:
Technical trading and industrial components
Type:
Industrial
Next report
23 Oct 2026
Q3
Catalysts
23 Oct 2026
Q3 2026 report
High
Unknown
New acquisitions
High
Horizon:
Bull case
Strong order intake and sequential margin improvement provide good visibility for earnings growth in the second half.
Bear case
Macroeconomic and geopolitical uncertainty could dampen demand in certain business areas.
Signal rationale (informational)
Strong order intake, record margins and the tenth acquisition of the year continue to support the growth outlook.
Recent news
- Indutrade acquired Dutch Controlin B.V. on 23 July, an electrification specialist with approximately SEK 130 m in annual revenue. Redeye published a positive update on 28 July confirming sequential margin improvement and strong order intake.
Key figures
Revenue
Q2 2026
SEK 9.0B
EBITDA
Q2 2026
SEK 1.3B
Net income
Q2 2026
SEK 0.8B
Cash
Q2 2026
SEK 1.4B
Price & valuation
Last close
SEK 240
1 week
-3.5 %
3 months
+24.8 %
12 months
+3.6 %
From 52w high
-8.4 %
From 52w low
+31.3 %
Exchange
Stockholm
Type
Industrials
Sector
Technical trading and industrial components
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.