Investment AB Latour
SWB:18LB

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Investment AB Latour Logo
Investment AB Latour
SWB:18LB
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Price: 20.45 EUR -1.16% Market Closed
Market Cap: 13.1B EUR

Investment AB Latour
Investor Relations

In the intricate realm of investment conglomerates, Investment AB Latour stands as a quintessential player, masterfully weaving together strategic prowess and industrial acumen to generate sustainable growth. Founded in 1985 by the entrepreneurial Jan-Olof Johansson, Latour has etched its name in the annals of Swedish enterprise by fostering an avant-garde model that deftly balances long-term industrial ownership with financial investments. The company, headquartered in Gothenburg, has cultivated a diversified portfolio that spans both wholly owned industrial operations and a robust array of publicly traded companies. This dual focus allows Latour to leverage its subsidiaries, such as Swegon (indoor climate solutions), Latour Industries (varied industrial operations), and several others, to create synergies and drive operational efficiencies, while simultaneously capitalizing on market opportunities through minority stakes in other publicly traded entities.

At the heart of Latour's financial engine lies a shrewd capacity for organic growth bolstered by strategic acquisitions. The company's approach is predicated on an astute understanding of value creation, achieved by nurturing its industrial arm alongside actively managing a carefully curated selection of listed equities. Latour’s investment philosophy is underpinned by long-termism, placing a premium on quality businesses and management teams. Its dynamic investment portfolio typically encompasses sectors like technology, engineering, and healthcare—fields ripe with innovation potential. Through prudent capital allocation and a knack for identifying enduring competitive advantages, Latour not only enhances shareholder value but also fortifies its market position. In essence, Latour's adept synthesis of industrial management and strategic investment continues to propel its journey, enabling it to consistently create and perpetuate wealth.

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Last Earnings Call
Fiscal Period
Q1 2025
Call Date
Apr 29, 2025
AI Summary
Q1 2025

Solid Start: Latour reported a strong beginning to the year, with good demand in most markets, though some regional and sector variations persist.

Order Intake: Wholly owned industrial operations saw order intake rise 21% (10% organic), and net sales increased 13%, boosted by last year’s acquisitions.

Portfolio Performance: Listed portfolio total return was minus 5.2% so far this year, underperforming the SIXRX index which is down 1.6%.

Margin Pressure: Operating margin in wholly owned operations was 13.1%, with some negative impact from currency fluctuations.

Active M&A: Five acquisitions were completed in the quarter, adding SEK 1.6 billion in annual sales.

Net Debt: Consolidated net debt rose to SEK 15.4 billion due to acquisitions, but remains manageable at 10% of investment market value.

Passing on Tariffs: Management expressed confidence in its ability to pass on U.S. tariff costs to customers, seeing no major challenges.

Business Area Highlights: Nord-Lock delivered record order intake growth (25%), while Caljan and Swegon saw strong pipeline and acquisition activity.

Key Financials
Order Intake Growth (Wholly Owned Operations)
21%
Organic Order Intake Growth (Wholly Owned Operations)
10%
Net Sales Growth (Wholly Owned Operations)
13%
Operating Profit (Wholly Owned Operations)
SEK 899 million
Operating Margin (Wholly Owned Operations)
13.1%
Order Intake Growth (Nord-Lock)
25%
Organic Order Intake Growth (Nord-Lock)
23%
Operating Profit (Nord-Lock)
SEK 135 million
Operating Margin (Nord-Lock)
26.3%
Operating Profit (Swegon)
SEK 244 million
Operating Margin (Swegon)
9.8%
Operating Profit (Bemsiq)
SEK 120 million
Operating Margin (Bemsiq)
21.7%
Operating Profit (Hultafors)
SEK 257 million
Operating Margin (Hultafors)
14.9%
Operating Profit (Innovalift)
SEK 77 million
Operating Margin (Innovalift)
9.6%
Operating Profit (Latour Industries)
SEK 29 million
Net Asset Value Per Share
SEK 213
Share Price (End of March)
SEK 272
Net Debt
SEK 15.4 billion
Listed Portfolio Total Return (YTD)
minus 5.2%
SIXRX Index Total Return (YTD for Reference)
minus 1.6%
Portfolio Value (as of April 28)
SEK 84 billion
Order Intake Growth (Caljan)
63%
Net Sales Growth (Bemsiq)
11%
Organic Net Sales Growth (Bemsiq)
5%
Other Earnings Calls

Management

Mr. Johan Hjertonsson MBA
President, CEO & Director
No Bio Available
Mr. Anders Morck
CFO & Secretary
No Bio Available
Ms. Helene Mellquist
Executive VP & COO
No Bio Available
Mr. Johan Menckel
Executive VP & Chief Investment Officer
No Bio Available
Mr. Jonas Davidsson
Group Accounting Manager & Group Controller
No Bio Available
Ms. Katarina Rautenberg
Controller & Compliance Manager
No Bio Available
Mr. Anders Ardstål
Investment Director
No Bio Available

Contacts

Address
VASTRA GOTALANDS
Goeteborg
J A Wettergrens Gata 7, Box 336
Contacts
+4631891790.0
www.latour.se