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Why Karnell Group stock moves

Karnell Group fell with the market.

Written after the close on ·

Why today

16,118 news analyzed today

Karnell Group fell with the market.

It was roughly unchanged, an ordinary day for the stock.

Over the same day the broader Stockholm market fell slightly, so the stock held up better.

Over the last five trading days Karnell Group fell slightly while the market rose slightly.

Today's move of −0.34% was 0.2 times a normal day's 1.4%. OMX Stockholm 30 moved −0.32% on the same day.

Karnell Group −0.34%OMX Stockholm 30 −0.32%In step with the market

Earlier days →

See the chart in ChartCompass, with every move explained →

Has the share price followed the business?

Price and earnings moved in the same direction: 1 out of 1 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed +76% and earnings per share +74%.

Revenue, profit and market cap

Revenue, profit and market cap (bn SEK)0.01.73.35.02022: 0.882022: 0.0420222023: 1.102023: 0.0820232024: 1.412024: 0.0820242025: 1.702025: 0.142025Now2024: 2.182.22025: 3.883.9Now: 4.554.5

RevenueProfitMarket capbn SEK

Market cap is 2.7 times 2025 revenue, against 1.5 in 2024. Profit in 2025: 142 m SEK.

Assets, liabilities and market cap

Assets, liabilities and market cap (bn SEK)0.01.73.35.02022: 1.282022: 0.6920222023: 1.602023: 0.8320232024: 2.232024: 1.0720242025: 2.232025: 0.992025Now2024: 2.182.22025: 3.883.9Now: 4.554.5

AssetsLiabilitiesMarket capbn SEK

Assets minus liabilities leave 1.2 bn SEK for shareholders. Market cap is 3.7 times that equity.

Price and earnings moved in the same direction: 1 out of 1 years.Market cap (Now): 4.5 bn SEKRevenue 2025: 1.7 bn SEK

What the key figures say about Karnell Group

The figures connect what Karnell Group earns with what investors pay.

The line shows the share price in the same year, on its own scale.

Earnings per share3.01 SEK
NowEarnings per share2022: 0.94222023: 1.48232024: 1.49242025: 2.59252024: 41.282025: 72.70

Profit divided by the number of shares. Each share represents this much of the earnings.

2022–2025: 0.94 SEK–2.59 SEK. Peers: Bergman & Beving 9.90 SEK, Bonheur 24.70 NOK, Aker 378.91 NOK.

Revenue2.1 bn SEK
NowRevenue2022: 880,129,000.00222023: 1,103,300,000.00232024: 1,410,200,000.00242025: 1,696,300,000.00252024: 41.282025: 72.70

What the company sold during the year.

2022–2025: 880 m SEK–1.7 bn SEK. Peers: Bergman & Beving 5.1 bn SEK, Bonheur 12.5 bn NOK, Aker 40.3 bn NOK.

Operating margin14.7%
NowOperating margin2022: 10.92222023: 12.03232024: 10.69242025: 12.24252024: 41.282025: 72.70

The percentage of revenue left after the costs of running the business.

2022–2025: 10.7%–12.2%. Peers: Bergman & Beving 9.1%, Bonheur 19.5%, Aker 41.0%.

Return on equity12.5%
NowReturn on equity2022: 6.48222023: 9.99232024: 6.65242025: 11.46252024: 41.282025: 72.70

Profit as a percentage of shareholders’ money in the company.

2022–2025: 6.5%–11.5%. Peers: Bergman & Beving 13.6%, Bonheur 14.1%, Aker 45.1%.

P/E28.3
NowP/E22232024: 27.70242025: 28.0725

The price investors pay for each unit of annual earnings per share. Not shown for a loss.

2022–2025: 27.7–28.1. Peers: Bergman & Beving 26.3, Bonheur 10.6, Aker 2.8.

Market cap per unit of revenue (P/S)2.18
NowMarket cap per unit of revenue (P/S)22232024: 1.55242025: 2.2925

What investors pay for each unit the company sells.

2022–2025: 1.55–2.29. Peers: Bergman & Beving 1.36, Bonheur 0.89, Aker 1.97.

Net debt / EBITDA1.68
NowNet debt / EBITDA2022: 2.33222023: 1.31232024: 1.32242025: 1.4125

Net debt divided by operating earnings before depreciation and amortisation.

2022–2025: 1.31–2.33. Peers: Bergman & Beving 3.18, Bonheur -0.00, Aker 1.47.

More key figures
Market cap / equity (P/B)3.12
NowMarket cap / equity (P/B)22232024: 1.88242025: 3.1425

Market cap divided by shareholders’ equity, what remains after liabilities.

2022–2025: 1.88–3.14. Peers: Bergman & Beving 3.37, Bonheur 1.20, Aker 1.18.

EV / EBIT20.2
2025EV / EBIT22232024: 16.47242025: 20.2525

Market cap plus net debt, divided by operating earnings. This includes debt.

2022–2025: 16.5–20.2.

Free cash flow per share5.84 SEK
NowFree cash flow per share2022: 0.32222023: 2.04232024: 2.30242025: 3.06252024: 41.282025: 72.70

Cash left after investments, divided by the number of shares.

2022–2025: 0.32 SEK–3.06 SEK. Peers: Bergman & Beving 18.79 SEK, Bonheur 25.06 NOK, Aker 19.61 NOK.

Equity ratio55.5%
2025Equity ratio2022: 46.02222023: 48.39232024: 52.17242025: 55.4525

The percentage of assets financed by shareholders’ equity.

2022–2025: 46.0%–55.5%.

People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor. October 26: Buy about 53 thousand SEK. September 22: Buy about 1.3 m SEK. September 22: Buy about 1.3 m SEK. September 21: Buy about 417 thousand SEK. September 21: Buy about 418 thousand SEK.

More about Karnell Group

Insider trades

People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor.

  • Lars-Ola Lundkvist, board memberBuyabout 53 thousand SEK
  • Hans Karlander, board member (closely associated)Buyabout 1.3 m SEK
  • Patrik Rignell, chair (closely associated)Buyabout 1.3 m SEK
  • Hans Karlander, board member (closely associated)Buyabout 417 thousand SEK
  • Patrik Rignell, chair (closely associated)Buyabout 418 thousand SEK

Earnings report

Report day6.7%

Normal day1.4%

On its last 11 report days Karnell Group usually moved about 6.7%. On a normal day it moves 1.4%.

−7.17% Why? +14.47% +13.64% −0.17%

10,000 SEK in Karnell Group bought on March 22, 2024 is worth 20,800 SEK today, with dividends reinvested.

The same amount in OMX Stockholm 30 with dividends would have become 14,000 SEK.

What would 10,000 SEK in Karnell Group be worth today? →

What would 10,000 SEK in Karnell Group be worth today?

20,800 SEK

with dividends reinvested, bought on March 22, 2024. The same amount in OMX Stockholm 30 with dividends would have become 14,000 SEK.

The five biggest days of the journey

· +14.5% · the whole market fell 0.1% the same day · report day

· +13.6% · the whole market fell 1.2% the same day · report day

· +11.9% · the whole market fell 0.3% the same day

· +11.3% · the whole market rose 0.4% the same day · report day

· +10.1% · the whole market rose 0.4% the same day

Earlier days

  • −2.96% market −0.11% Karnell Group fell slightly over the week's trading days. Read →

    Karnell Group fell slightly over the week's trading days.

    The broader Stockholm market was roughly flat over the same days, so the stock moved on its own.

    The stock remains well above its lowest close of the past year, though well below its highest.

  • −0.79% market +0.83% Karnell Group fell without company news. Read →

    Karnell Group fell without company news.

    Karnell Group fell slightly in the last session, while OMX Stockholm 30 rose clearly, so it moved against the market.

    No company news from the last session explains the move, and the day was an ordinary one for Karnell Group.

    Over the last five trading days, Karnell Group fell slightly while OMX Stockholm 30 rose slightly.

  • +1.03% market +0.48% Karnell Group rose slightly without a company-news explanation. Read →

    Karnell Group rose slightly without a company-news explanation.

    Over the last five trading days the shares rose slightly while OMX Stockholm 30 rose clearly, so the stock moved in line with the market.

    Over the same days, Industrials stocks on Nasdaq Stockholm rose by a median of about 1.9%, so sector sentiment was positive.

    The move was an ordinary one for Karnell Group, within its usual daily range.

    Broad market and sector gains usually lift stocks like this, and the strong Q3 report two weeks ago remains background support.

  • −7.17% market +0.41% Karnell Group fell on its Q3 report day, moving against the market. Read →

    Karnell Group fell on its Q3 report day, moving against the market.

    On Friday the stock fell very sharply while OMX Stockholm 30 rose slightly.

    The fall came as Karnell published record Q3 results that day, with sales up 33% and EBITA up 73%.

    A fall on strong results likely reflects expectations that were already high after the recent rally.

    Over five trading days the stock fell very sharply, moving more than the market, which fell sharply.

  • −13.13% market −3.67% Karnell Group fell very sharply over the last five trading days, moving much more than the market. Read →

    Karnell Group fell very sharply over the last five trading days, moving much more than the market.

    Its shares were hit on the day of its third-quarter report, which usually moves the stock several times more than a normal day.

    Over the same days the OMX Stockholm 30 index also fell sharply, so part of the drop reflects broader market weakness.

    The stock still sits well above its lowest level of the past year.

  • −1.03% market −2.51% Karnell Group fell slightly, with no company news explaining it. Read →

    Karnell Group fell slightly, with no company news explaining it.

    Over the last five trading days, Karnell Group fell clearly and moved more than the market.

    Over the same days, the OMX Stockholm 30 index fell sharply, so the market's drop was far larger.

    The move was an ordinary size for Karnell Group, and trading volume was around its usual level.

    Earlier, a preliminary third-quarter report showed strong sales and profit growth, which lifted the shares before the week.

  • +1.58% market +1.25% Karnell Group rallied, most likely on its preliminary third-quarter figures, which showed strong growth in operating profit. Read →

    Karnell Group rallied, most likely on its preliminary third-quarter figures, which showed strong growth in operating profit.

    Karnell Group rose clearly in the last session, moving in line with a broadly stronger OMX Stockholm 30 over the same days.

    The main trigger appears to be the company's early release of third-quarter 2026 numbers earlier this week: net sales rose about 33 percent, and EBITA (earnings before interest, taxes and amortization, a common measure of operating profit) climbed about 73 percent, with organic growth (growth excluding acquisitions) of roughly 19 percent.

    Commentary that the strong demand in one niche business is likely temporary tempered some of that enthusiasm, though a positive profit revision was clearly welcomed.

    Over the full five-day window the stock rose slightly, a little more than the market.

  • +1.98% market +1.19% Karnell Group rose slightly over the past five trading days, a little more than the broader OMX Stockholm 30 index, which also edged up. Read →

    Karnell Group rose slightly over the past five trading days, a little more than the broader OMX Stockholm 30 index, which also edged up.

    The main driver appears to be the company's preliminary third-quarter figures, which showed net sales up about 33 percent and operating profit (EBITA, earnings before interest, tax and amortisation) up about 73 percent, with strong organic growth, meaning growth excluding acquisitions.

    Market commentary also highlighted that the stock was lifted after a positive profit warning in reverse, and that insider share purchases had been made ahead of it, which likely added to investor confidence.

    The next key event is the full interim report for January to September, due on 23 October 2026.

  • −2.32% market −0.62% Karnell Group fell clearly, moving more than the market, which was down slightly. Read →

    Karnell Group fell clearly, moving more than the market, which was down slightly.

    The likely driver was a shift in sentiment after a run of strong news earlier in the week: the company's preliminary third-quarter figures showed operating profit (EBITA) up about 73 percent, and the company said one niche unit's high demand was likely temporary.

    Over the five trading days the shares rose slightly, roughly in line with a clearly rising market, so the decline in the last session interrupted an otherwise steady week.

    The next key event is the full January–September report on Friday 23 October 2026.

  • −3.67% market +0.21% Karnell Group fell sharply. Read →

    Karnell Group fell sharply.

    Over the last five trading days Karnell Group was roughly unchanged, while the OMX Stockholm 30 was also roughly flat, so the week's net move was small even though the last session was weak.

    The likely driver of the earlier strength was the preliminary third-quarter update released the day before the last session, showing net sales up about 33% to roughly 580 MSEK and EBITA — earnings before interest, tax and amortisation — up about 73%, with organic growth of about 19%.

    Watch the full interim report for January–September, due next week, for confirmation of the figures and the margin.

  • +8.13% market +0.36% Karnell jumped on strong preliminary figures. Read →

    Karnell jumped on strong preliminary figures.

    Karnell Group rose clearly over the last five trading days while the Stockholm market was roughly flat, and the sharpest gain came in the final session.

    The likely driver was the company's preliminary third-quarter figures, released that day: sales grew about 33% to roughly 580 million kronor, with about 19% of that organic (growth from existing businesses rather than acquisitions), and EBITA — operating profit before interest, tax and amortisation — rose about 73%, helped by strong demand and fast deliveries across both business areas.

    Management flagged that unusually high demand at one niche company is still seen as temporary, so the market may partly discount that boost.

    Watch the full interim report next week, which will show whether the momentum held.

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