Storskogen STOR B
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Full analysis: 6 Apr 2026
Latest news check: 12 Aug 2026
General analysis — not personal advice.
HOLD
7/10
Confidence
Hold. Consider adding only if Q2 shows clear margin/organic EBITA improvement or if the share price declines to levels offering a clearer margin of safety versus cash generation; otherwise stay on the sidelines.
Organic growth has returned and cash flow is improving, yet margins stayed under pressure and execution risk remains elevated.
Market sentiment
5/10
→
Trend: Stable
Sentiment has stabilized from neutral-negative toward more neutral, supported by the CEO’s insider buy and continued positive broker stance despite a lower target price; attention remains on margin pressure and execution risk.
Price context
The share trades at SEK 10.82 after a 19 % rally over three months but remains 10 % below the 52-week high.
Risk assessment
7/10
Dilution:
Low
Positive cash flow and buybacks, no equity raise
Jurisdiction:
Low
Mainly Nordics/UK/Western Europe
Execution:
High
Many subsidiaries; integration and oversight complex
Recent changes
- Report shows recovered organic growth but continued margin pressure, driven by the quarter's figures and acquisitions.
About the company
Storskogen is an acquisition-driven industrial group/investment company owning and developing SMEs across Services, Trade, and Industry. The company is profitable and cash-flow generative, but still carries relatively high net debt and weak organic profit growth. Management focus is on margins, deleveraging, and selectively restarting M&A.
Sector:
Industrial investment company (serial acquirer)
Type:
Finance
Next report
23 Oct 2026
Q3
Catalysts
23 Oct 2026
Q3 2026 report
High
Unknown
New business area head for Services
Medium
Horizon:
Bull case
Low valuation and resumed organic growth provide upside if margins stabilise in the second half.
Bear case
Continued margin pressure and complex governance across many subsidiaries keep uncertainty elevated.
Signal rationale (informational)
Organic growth has returned and cash flow is improving, yet margins stayed under pressure and execution risk remains elevated.
Recent news
- Q2 report released 11 August showed net sales of SEK 8,861 m (+5 % YoY, organic 4 %) and adjusted EBITA margin of 9.7 %. Two platform acquisitions and two add-on acquisitions were closed during the quarter with one more after period-end. Johan Ekström was appointed acting head of the Services business area.
Key figures
Revenue
Q2 2026
SEK 8.9B
Net income
Q2 2026
SEK 379M
Shares outstanding
Q2 2026
RAW 1.7B
EPS
Q2 2026
SEK 0.22
Price & valuation
Last close
SEK 10.82
Market Cap
SEK 18.3B
1 week
+0.1 %
3 months
+19.0 %
12 months
+7.8 %
From 52w high
-10.0 %
From 52w low
+29.2 %
Exchange
Stockholm
Type
Finance
Sector
Industrial investment company (serial acquirer)
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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.