OEM International AB

OEM B

Equity

ISIN SE0017766843 / Valor 118721488

NASDAQ Nordic Exchange Stockholm, Equities (2024-09-18)

SEK 114.20-1.72%

OEM International AB
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

OEM International AB is a leading technology trading group in Europe, with a history dating back to 1974. The company operates through various product areas, including OEM Automatic, OEM Automatic Klitsø, and other subsidiaries, offering a wide range of products to over 30,000 customers across 15 countries. With a team of around 1,000 employees in 34 business units, OEM International AB aims to help customers achieve their goals and realize their dreams through innovative technology solutions.

Summarized from source with an LLMView SourceSector: Technology

Record Turnover and Profit

OEM International AB reported a record year for the financial year 2023, with a 9 percent growth in turnover and a 6 percent increase in operating profit. This marks the tenth consecutive year of increased turnover and profits for the company.

Regional Performance

All regions experienced a record year in terms of turnover, with particularly strong results in Sweden, Denmark, Norway, the United Kingdom, and Eastern Central Europe. Sweden, the largest region, saw an 8 percent increase in turnover, while the region Denmark, Norway, United Kingdom, and Eastern Central Europe achieved a 15 percent increase in turnover.

Acquisitions

During 2023, OEM International AB made three acquisitions with a combined annual turnover of approximately SEK 200 million. These acquisitions include Ingemar Liljenberg AB, Lagermetall AB, and Unit-Pump, which are expected to create synergies and favorable development within the group.

Dividend Increase

For the 2023 financial year, OEM International AB proposed a dividend of 1.75 SEK per share, representing a 17 percent increase compared to the previous year's normal dividend. This continues the company's long-standing tradition of paying improved dividends, with few exceptions.

Market Outlook

Despite the challenges of the past few years, including raw material shortages and logistics interruptions, OEM International AB has normalized its business situation in 2023. However, ongoing political unrest and market uncertainties remain, prompting the company to adapt its strategies to serve customers and seize new business opportunities.

Summarized from source with an LLMView Source

Key figures

45.7%1Y

33.7%3Y

225%5Y

Performance

32.7%1Y

42.4%3Y

40.6%5Y

Volatility