Brødrene A & O Johansen A/S/DKr AOJ B

1D1W1MYTD1Y5YMAX

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
1,069
Headquarters
Albertslund, Denmark
Website
www.ao.dk

AOJ B Metrics

BasicAdvanced
kr 2.7B
12.85
kr 7.70
1.13
kr 3.75
3.79%

Bulls say / Bears say

AO delivered strong H1 2026 operating momentum: Q2 revenue rose 11.6% year over year to DKK 1.67 billion, EBITDA increased 20.9% to DKK 112.7 million, and the EBITDA margin improved to 6.7% from 6.2%. (AO H1 2026 report)
Management raised 2026 revenue guidance to DKK 6.6–6.75 billion from DKK 6.4–6.6 billion, supported by stronger-than-expected underlying growth and continued market-share gains, while maintaining EBITDA guidance of DKK 460–500 million. (AO H1 2026 report)
The acquisition pipeline could broaden AO’s addressable market and strengthen Nordic scale: JMV Cables was added to the group from August 1, 2026, and more than 90% of Elektroimportøren shareholders accepted AO’s recommended offer. (AO H1 2026 report)
AO’s acquisition of Elektroimportøren introduces execution and visibility risk: as of August 6, 2026, AO said it lacked sufficient information to estimate the target’s contribution and therefore could not issue reliable combined-group guidance. (Nasdaq Copenhagen)
The expansion strategy increases financing and integration pressure. AO reported DKK 1.27 billion of net interest-bearing debt and 2.9x financial gearing in Q1 2026, while its updated 2026 guidance includes DKK 20 million of transaction and integration costs and excludes Elektroimportøren’s financing costs. (Nasdaq Copenhagen)
Underlying profitability remains relatively thin for a distributor: H1 2026 EBITDA margin was 6.5% and EBT margin was 3.7%, while management continued to cite price pressure in the B2B business. This leaves earnings sensitive to competition, costs and construction-sector demand. (AO H1 2026 report)
Data summarised monthly by Lightyear AI. Last updated on 14 Sept 2026.
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.