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DistIT

DistIT

DistIT acquires, owns and develops distributors of accessories for IT, Mobility, Multimedia, Network and data communications in the Nordic and Baltic countries. DistIT and its subsidiaries have a firm track record of value-added acquisitions, but also divestments such as Alcadon in 2016. Today DistIT consists of Deltaco, Aurora Group, Septon Electronics and Sominis Technology. The shares are listed on NASDAQ First North.

Sustainability information

Shift in technology preferences and disruptive technologies, price pressure.

SEKm 2024 2025e 2026e
Sales 1618 1509 1564
Sales growth (%) -24,9 -6,7 3,7
EBITDA -56 60 87
EBITDA margin (%) -3,4 4 5,5
EBIT adj. -37 26 54
EBIT adj. margin (%) -2,3 1,8 3,4
Pretax profit -37 -14 24
EPS -2,07 -0,52 0,64
EPS growth (%) -86,1 -74,8 -222,7
EPS adj. 0,16 -0,52 0,64
DPS 0 0 0
EV/EBITDA (x) -7,1 6,1 3,6
EV/EBIT adj. (x) -10,7 13,9 5,8
P/E (x) N/A N/A 4,7
P/E adj. (x) 19,3 N/A 4,7
EV/sales (x) 0,24 0,24 0,2
FCF yield (%) 66,5 46,4 81,5
Le. adj. FCF yld. (%) 48,7 32,2 66,2
Dividend yield (%) 0 0 0
Net IB debt/EBITDA (x) -5,6 4,7 2,6
Le. adj. ND/EBITDA (x) -99,1 5,3 2,8
SEKm 2024 2025e 2026e
Sales 1618 1509 1564
COGS -1288 -1108 -1145
Gross profit 329 400 419
Other operating items -385 -340 -332
EBITDA -56 60 87
Depreciation and amortisation -44 -34 -33
of which leasing depreciation -10 -10 -9
EBITA -99 26 54
EO Items -63 0 0
Impairment and PPA amortisation 0 0 0
EBIT -99 26 54
Net financial items 63 -40 -30
Pretax profit -37 -14 24
Tax -22 -1 -5
Net profit -58 -15 18
Minority interest 0 0 0
Net profit discontinued 0 0 0
Net profit to shareholders -58 -15 18
EPS -2,07 -0,52 0,64
EPS adj. 0,16 -0,52 0,64
Total extraordinary items after tax -100 0 0
Leasing payments -10 -10 -9
Tax rate (%) -59,5 -8,6 22
Gross margin (%) 20,4 26,5 26,8
EBITDA margin (%) -3,4 4 5,5
EBITA margin (%) -6,1 1,8 3,4
EBIT margin (%) -6,1 1,8 3,4
Pre-tax margin (%) -2,3 -0,9 1,5
Net margin (%) -3,6 -1 1,2
Sales growth (%) -24,9 -6,7 3,7
EBITDA growth (%) 44,3 -208,6 43,3
EBITA growth (%) 42 -126,7 102,6
EBIT growth (%) -72 -126,7 N/A
Net profit growth (%) -86,1 -74,8 -225,9
EPS growth (%) -86,1 -74,8 -222,7
Profitability N/A N/A N/A
ROE (%) -27,8 -8,1 9,8
ROE adj. (%) 19,8 -8,1 9,8
ROCE (%) 4,2 5 10,4
ROCE adj. (%) -5,8 5 10,4
ROIC (%) -26,7 6 9,6
ROIC adj. (%) -9,9 6 9,6
Adj. earnings numbers N/A N/A N/A
EBITDA adj. 7 60 87
EBITDA adj. margin (%) 0,4 4 5,5
EBITDA lease adj. -3 50 78
EBITDA lease adj. margin (%) -0,2 3,3 5
EBITA adj. -37 26 54
EBITA adj. margin (%) -2,3 1,8 3,4
EBIT adj. -37 26 54
EBIT adj. margin (%) -2,3 1,8 3,4
Pretax profit Adj. 26 -14 24
Net profit Adj. 42 -15 18
Net profit to shareholders adj. 42 -15 18
Net adj. margin (%) 2,6 -1 1,2
SEKm 2024 2025e 2026e
EBITDA -56 60 87
Goodwill 88 71 68
Net financial items 63 -40 -30
Other intangible assets 105 98 97
Paid tax -22 -1 -5
Tangible fixed assets 2 9 7
Non-cash items -97 0 0
Right-of-use asset 13 8 5
Cash flow before change in WC -111 19 51
Total other fixed assets 4 4 4
Change in working capital 159 21 28
Fixed assets 212 190 180
Operating cash flow 48 40 79
Inventories 390 317 289
Capex tangible fixed assets 3 -34 -16
Receivables 274 241 235
Capex intangible fixed assets 0 0 0
Other current assets 39 36 31
Acquisitions and Disposals 6 33 6
Cash and liquid assets 48 53 104
Free cash flow 56 39 69
Total assets 962 838 839
Dividend paid 0 0 0
Shareholders equity 189 174 192
Share issues and buybacks 0 0 0
Minority 0 0 0
Leasing liability amortisation -15 -12 -13
Total equity 189 174 192
Other non-cash items 109 0 0
Long-term debt 33 33 28
Pension debt 0 0 0
Convertible debt 0 0 0
Leasing liability 13 13 13
Total other long-term liabilities 4 4 4
Short-term debt 312 290 290
Accounts payable 260 196 219
Other current liabilities 152 128 94
Total liabilities and equity 962 838 839
Net IB debt 310 283 226
Net IB debt excl. pension debt 310 283 226
Net IB debt excl. leasing 297 270 214
Capital employed 547 510 522
Capital invested 499 457 419
Working capital 291 270 242
Market cap. diluted (m) 85 85 85
Net IB debt adj. 310 283 226
Market value of minority 0 0 0
Reversal of shares and participations 0 0 0
Reversal of conv. debt assumed equity N/A N/A N/A
EV 395 367 312
Total assets turnover (%) 150,3 167,7 186,6
Working capital/sales (%) 22,9 18,6 16,4
Financial risk and debt service N/A N/A N/A
Net debt/equity (%) 164,3 162,5 117,7
Net debt / market cap (%) 365,4 333,2 267
Equity ratio (%) 19,6 20,8 22,9
Net IB debt adj. / equity (%) 164,3 162,5 117,7
Current ratio 1,04 1,05 1,09
EBITDA/net interest 0,9 1,5 2,9
Net IB debt/EBITDA (x) -5,6 4,7 2,6
Net IB debt/EBITDA lease adj. (x) -99,1 5,3 2,8
Interest coverage 1,6 0,7 1,8
SEKm 2024 2025e 2026e
Shares outstanding adj. 28 28 28
Diluted shares adj. 28 28 28
EPS -2,07 -0,52 0,64
Dividend per share 0 0 0
EPS adj. 0,16 -0,52 0,64
BVPS 6,72 6,19 6,83
BVPS adj. -0,14 0,17 0,95
Net IB debt/share 11,04 10,06 8,06
Share price 3,02 3,02 3,02
Market cap. (m) 85 85 85
P/E (x) N/A N/A 4,7
EV/sales (x) 0,24 0,24 0,2
EV/EBITDA (x) -7,1 6,1 3,6
EV/EBITA (x) -4 13,9 5,8
EV/EBIT (x) -4 13,9 5,8
Dividend yield (%) 0 0 0
FCF yield (%) 66,5 46,4 81,5
Le. adj. FCF yld. (%) 48,7 32,2 66,2
P/BVPS (x) 0,45 0,49 0,44
P/BVPS adj. (x) 0,84 0,83 0,69
P/E adj. (x) 19,3 N/A 4,7
EV/EBITDA adj. (x) 57,2 6,1 3,6
EV/EBITA adj. (x) -10,7 13,9 5,8
EV/EBIT adj. (x) -10,7 13,9 5,8
EV/CE (x) 0,7 0,7 0,6
Investment ratios N/A N/A N/A
Capex/sales (%) 0,2 2,2 1
Capex/depreciation -0,1 1,4 0,7
Capex tangibles / tangible fixed assets 143,5 367,6 233,8
Capex intangibles / definite intangibles N/A N/A N/A
Depreciation on intang / def. intang N/A N/A N/A
Depreciation on tangibles / tangibles 1469,57 260,08 358,71

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Media

DistIT - Company presentation with CEO Robert Rosenzweig
DistIT - Company presentation with CEO Robert Rosenzweig

Main shareholders - DistIT

Main shareholders Share capital % Voting shares % Verified
Athanase Industrial Partners 21.3 % 21.3 % 27 Mar 2025
Anders Bladh (Ribbskottet AB) 12.1 % 12.1 % 31 Dec 2024
Redstone Investment Group SA 9.9 % 9.9 % 26 Mar 2025
Måns Flodberg 7.1 % 7.1 % 31 Mar 2025
Theodor Jeansson Jr. 6.9 % 6.9 % 27 Mar 2025
Avanza Pension 5.7 % 5.7 % 27 Mar 2025
Pontus Norell 2.0 % 2.0 % 31 Mar 2025
Nordnet Pensionsförsäkring 1.8 % 1.8 % 27 Mar 2025
Carl Rosvall 1.5 % 1.5 % 27 Mar 2025
Kristoffer Jeansson 1.4 % 1.4 % 27 Mar 2025
Source: Holdings by Modular Finance AB