Lagercrantz Group LAGR B
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The news check keeps the assessment current.
General analysis — not personal advice.
Hold/wait; consider adding on a pullback or clearer progress toward 20% EBITA.
Organic growth and continued acquisition activity sustain the case despite marginal margin pressure in Q1, supporting the review stance ahead of the next report.
Sentiment remains positive around acquisition activity but is still tempered by some concern over margin pressure after the Q1 report.
NEUTRAL is the call. Positive is the market mood. Low risk means less can go wrong.
Latest change
- 19 Jun 2026 — The new analysis states Lagercrantz published FY 2025/26 results with continued strong profitability (EBITA margin ~18.1%) and a proposed dividend of SEK 2.50 per share.
About the company
Lagercrantz Group is a decentralized industrial/technology group that acquires and develops niche B2B companies across areas such as electronics, mechatronics, industrial automation, and security solutions. Growth is driven by an active buy-and-build strategy combined with high profitability and strong cash generation. The company recently raised its ambition to reach a 20% EBITA margin within 2–3 years.
Bull case
High acquisition pace and organic growth can continue to drive earnings growth if price increases stabilise margins.
Bear case
Margin pressure and high valuation increase the risk of further share price reactions if profitability does not recover clearly.
Why this signal
Organic growth and continued acquisition activity sustain the case despite marginal margin pressure in Q1, supporting the review stance ahead of the next report.
Recent news
Insider purchases by Vice CEO Jonas Ahlberg and a flagging from Swedbank Robur above 5 % have been noted. The 2.50 SEK per share dividend has been paid and the company marked 25 years on the stock exchange. Prior acquisitions are being integrated into the Control division with no new deals announced.