Brødrene A & O Johansen A/S/DKr AOJ B
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Capital at risk
About Brødrene A & O Johansen A/S
Brødrene A & O Johansen A/S is a Danish company operating in the wholesale and distribution industry, focusing on plumbing, heating, and sanitary products. The company offers a wide range of products including pipes, fittings, heating systems, sanitary ware, and water supply products, serving the construction and building sectors. Founded in 1914, it is headquartered in Albertslund, Denmark. The company operates primarily in Denmark, leveraging a network of branches and warehouses to deliver products efficiently to its customers. Its strategic positioning is enhanced by strong relationships with both suppliers and customers, allowing it to maintain a robust presence in the market.
- Ticker
- DKr AOJ B
- Sector
- Industrials
- Primary listing
- CSE
- Employees
- 1,111
- Headquarters
- Albertslund, Denmark
- Website
- www.ao.dk
AOJ B Metrics
BasicAdvanced
kr 2.9B
13.72
kr 7.78
1.12
kr 3.75
3.51%
Price and volume
Market cap
kr 2.9B
Beta
1.12
52-week high
kr 114.60
52-week low
kr 81.10
Average daily volume
38K
Dividend rate
kr 3.75
Financial strength
Current ratio
1.087
Quick ratio
0.498
Long term debt to equity
1.138
Total debt to equity
1.522
Dividend payout ratio (TTM)
47.41%
Interest coverage (TTM)
6.20%
Profitability
EBITDA (TTM)
402.6
Gross margin (TTM)
24.74%
Net profit margin (TTM)
3.21%
Operating margin (TTM)
4.62%
Effective tax rate (TTM)
22.51%
Revenue per employee (TTM)
kr 6,050,000
Management effectiveness
Return on assets (TTM)
3.82%
Return on equity (TTM)
13.19%
Valuation
Price to earnings (TTM)
13.72
Price to revenue (TTM)
0.431
Price to book
1.76
Price to tangible book (TTM)
-20.13
Price to free cash flow (TTM)
25.073
Free cash flow yield (TTM)
3.99%
Free cash flow per share (TTM)
4.26
Dividend yield (TTM)
3.51%
Forward dividend yield
3.51%
Growth
Revenue change (TTM)
12.13%
Earnings per share change (TTM)
15.93%
3-year revenue growth (CAGR)
7.76%
10-year revenue growth (CAGR)
9.01%
3-year earnings per share growth (CAGR)
-4.73%
10-year earnings per share growth (CAGR)
12.74%
3-year dividend per share growth (CAGR)
-10.61%
Bulls say / Bears say
Organic revenue grew 12.5% in Q3, and AO said it continued to gain market share. The strong quarter helped lift full-year revenue and earnings guidance. (Brødrene A. & O. Johansen A/S)
The B2B business grew revenue by 14.4% in Q3 and raised its gross margin to 22.2% from 21.3%, showing that AO can improve profitability despite a competitive market. (Brødrene A. & O. Johansen A/S)
AO's Norwegian expansion is already adding sales: Elektroimportøren contributed DKK 119m in revenue and DKK 17m in EBITDA in September. Its 34 stores across Norway and Sweden give AO a wider platform for future cross-selling. (Brødrene A. & O. Johansen A/S, StockAnalysis)
Debt is a key risk: net interest-bearing debt rose 17% to DKK 1,227m and leverage reached 2.7 times EBITDA, above AO's 1.0–2.5 times target range. (Økonomisk Ugebrev)
Management said wholesale capacity still exceeded demand and customers were intensely negotiating prices, especially on project sales. Further price competition could squeeze margins. (StockAnalysis)
AO has yet to quantify Elektroimportøren's synergies, which management said are mainly growth opportunities rather than cost savings. Q3 also included DKK 17.5m in acquisition-related transaction costs, so execution could take time to show through in profits. (StockAnalysis, Brødrene A. & O. Johansen A/S)
Data summarised monthly by Lightyear AI. Last updated on 29 Oct 2026.
AOJ B Financial Performance
Revenues and expenses
Upcoming events
No upcoming events
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.