What is Brief History of Storskogen Group Company?

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How Did Storskogen Group Rise to International Prominence?

Founded in 2012 in Stockholm, Sweden, Storskogen Group has rapidly become a significant player in the global market. This Storskogen Group SWOT Analysis offers insights into its strategic positioning. From its humble beginnings, this Swedish company has charted an impressive course, marked by strategic and a commitment to long-term value creation.

This brief history of Storskogen Group delves into the company's journey, exploring its founders' vision and the evolution of its strategy. Understanding the 's growth, from its decentralized model to its current international presence, is crucial for anyone interested in the dynamics of modern business and investment. The company's financial performance and strategic decisions offer valuable lessons for investors and business strategists alike.

The Storskogen Group, a Swedish company, has a fascinating history. Its story began in 2012, with its headquarters in Stockholm, Sweden. This marked the start of a journey that would see it grow and evolve significantly.

The founders of Storskogen Group AB (publ) were Daniel Samuel Kaplan, who serves as the CEO, and Alexander Murad Bjargard. Bjargard, initially the Head of M&A and Corporate Development, continues to serve as a director. The company's early days were rooted in developing and managing residential properties, setting the stage for its future expansion.

Storskogen's initial business model centered on long-term ownership and sustainable value creation. This approach provided capital and strategic direction while maintaining a decentralized operational model for its subsidiaries, fostering an entrepreneurial spirit within the acquired companies. This strategy helped the company to grow and develop.

Key Aspects of Storskogen's Founding

Here are some key aspects of the Storskogen Group's founding and early development:

• Foundation Year: 2012
• Headquarters: Stockholm, Sweden
• Initial Focus: Residential property development and management.
• Business Model: Long-term ownership and sustainable value creation.
• Operational Approach: Decentralized model for subsidiaries.

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The early growth of the Storskogen Group, a Swedish company, focused on acquiring established businesses. This strategy built a diverse portfolio across various sectors including industry, trade, and services. By mid-2021, the company had expanded to include 94 business units and approximately 7,000 employees, with a trailing annual turnover nearing SEK 19 billion.

Storskogen Acquisitions and Divestments

In 2024, Storskogen completed five add-on acquisitions, with combined annual sales of SEK 23 million. The company also made strategic adjustments by divesting eleven companies, which had combined annual sales of SEK 2,024 million.

Financial Performance in Early 2025

The first quarter of 2025 saw net sales of SEK 7,940 million, a 5% decrease from SEK 8,358 million in Q1 2024, primarily due to divestments. However, organic sales growth was 1% in Q1 2025. The adjusted EBITA margin improved to 8.8% in Q1 2025, up from 8.4% in Q1 2024.

Geographical and Financial Expansion

Storskogen's growth strategy included expanding into new geographical markets, such as the Nordic countries, the DACH region, and the United Kingdom. The company also enhanced its financial flexibility by successfully refinancing and extending its term loan facility from EUR 289 million to EUR 345 million, maturing in September 2027.

Key Indicators

The Storskogen Group's early focus on acquisitions and strategic divestments shaped its financial trajectory. The Q1 2025 results reflect the impact of these moves, with a focus on maintaining profitability and expanding market presence. The refinancing of the term loan facility demonstrates proactive financial management.

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The Storskogen Group, a prominent Swedish company, has achieved several significant milestones since its inception. These achievements highlight its growth and impact in the business world. The Storskogen history is marked by strategic moves and a focus on sustainable growth.

Storskogen Group supports its subsidiaries by fostering innovation across various sectors. This includes initiatives in automation, digitalization, sustainability, and urbanization within its Industry business area, developing solutions that boost productivity and optimize resources.

Automation

Implementing automation technologies to streamline operations and enhance efficiency across its subsidiaries.

Digitalization

Driving digital transformation initiatives to improve data management, customer experience, and operational agility.

Sustainability

Focusing on sustainable practices and solutions to reduce environmental impact and promote responsible business operations.

Urbanization

Developing solutions that support sustainable urbanization and contribute to the development of smart cities.

Despite its successes, Storskogen Group has faced challenges, particularly in a weak macroeconomic environment. In 2024, the company's net sales decreased, impacting its financial performance.

Decreased Sales

Net sales decreased by 5% to SEK 34,182 million in 2024, reflecting the impact of the economic environment.

Organic Sales Growth

Organic sales growth was at 0%, indicating challenges in achieving revenue growth organically.

Adjusted EBITA

Adjusted EBITA was SEK 3,229 million in 2024, slightly down from SEK 3,238 million in 2023, with organic EBITA growth at -3%.

Profit Decline

Profit for the period decreased significantly to SEK 116 million in 2024 from SEK 944 million in 2023, affected by items affecting comparability.

Strategic Actions

Storskogen Group has responded by focusing on improving organic growth, strengthening cash flow, and reducing debt, including strategic divestments.

Leadership Transition

Christer Hansson became CEO in February 2024, and a strategic review was conducted to sharpen capital allocation and investment priorities.

For more insights into the company's financial structure and business model, you can read Revenue Streams & Business Model of Storskogen Group.

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The Storskogen Group has a relatively short but eventful history. Founded in Stockholm, Sweden, the company has expanded through strategic acquisitions and a public listing, showcasing a commitment to growth and diversification within the Swedish company landscape. Key milestones highlight the company's evolution and strategic direction.

Future Growth Strategy

Looking ahead, Storskogen Group aims to generate acquired growth, focusing on its prioritized areas. This strategy involves a continued emphasis on strategic and investments to expand its portfolio and market presence. The company's growth strategy involves both organic and acquired profit growth.

Financial Targets (2025-2027)

The company has set ambitious financial targets for the period 2025-2027. These include an adjusted EBITA growth with a compounded annual growth rate (CAGR) of 15%, and an adjusted EBITA margin above 10% (LTM). Furthermore, Storskogen targets an adjusted cash conversion above 70% (LTM).

Leverage and Dividend Policy

Storskogen Group aims for a leverage ratio of interest-bearing net debt to adjusted RTM EBITDA of 2.0-3.0x. The company's dividend policy is set at 0-20% of Group net profit for the year, indicating a commitment to shareholder returns while maintaining financial flexibility.

Analyst Forecasts

Analysts project significant growth for Storskogen Group. Earnings are forecast to grow by 42.4% per annum, and revenue is expected to increase by 2.3% per annum. EPS is anticipated to grow by 42.3% per annum, reflecting positive expectations for the company's future performance and its ability to execute its strategy.

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