Lagercrantz Group LAGR B
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Full analysis: 6 Apr 2026
Latest news check: 18 Jul 2026
General analysis — not personal advice.
NEUTRAL
7/10
Confidence
Hold/wait; consider adding on a pullback or clearer progress toward 20% EBITA.
Quality and momentum: strong profitability, cash generation, and clear targets.
- However: valuation and organic-growth uncertainty make entry timing important.
- Therefore: review ahead of the May 19, 2026 annual report and track progress toward the 20% target.
Market sentiment
7/10
→
Trend: Stable
Sentiment remains positive around the business model and acquisition pace, but is more cautious in the near term after the margin miss and the negative share price reaction on report day.
Risk assessment
4/10
Dilution:
Low
Strong cash flow; no equity raises mentioned
Jurisdiction:
Low
Mainly Nordics and Western Europe
Execution:
Medium
High M&A pace requires flawless integration
Recent changes
- 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.
Sector:
Serial acquirer in niche B2B technology and industrials
Type:
Industrial
Next report
23 Oct 2026
Q2
Catalysts
25 Aug 2026
AGM and dividend decision
Low
23 Oct 2026
Q2 2026/27 interim report
High
2027
Ongoing acquisitions (M&A)
High
Horizon:
Bull case
Strong organic growth and a high acquisition pace can keep driving earnings growth if price increases help stabilise margins.
Bear case
Margin pressure and a high valuation raise the risk of further downside reactions if upcoming quarters do not show a clear profitability rebound.
Signal rationale (informational)
Quality and momentum: strong profitability, cash generation, and clear targets.
- However: valuation and organic-growth uncertainty make entry timing important.
- Therefore: review ahead of the May 19, 2026 annual report and track progress toward the 20% target.
Recent news
- On 17 July 2026, Lagercrantz released its Q1 2026/27 interim report with net sales of SEK 2,907m (+18%, organic +6%) and EBITA of SEK 498m (+15%), but the EBITA margin slipped to 17.1% (17.5% last year) and came in slightly below expectations; the company is implementing price adjustments to offset cost inflation and the board proposes a higher dividend of SEK 2.50 per share with the AGM on 25 August 2026.
Price & valuation
Last close
SEK 230
1 week
-1.5 %
3 months
-4.9 %
12 months
-1.3 %
From 52w high
-13.3 %
From 52w low
+19.9 %
Exchange
Stockholm
Type
Industrials
Sector
Serial acquirer in niche B2B technology and industrials
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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.