AQ Group AB/Skr AQ
1D1W1MYTD1Y5YMAX
Capital at risk
About AQ Group AB
AQ Group AB is a company that operates within the manufacturing industry, primarily focusing on components and systems for industrial customers. The company offers a diverse range of products and services, including electrical cabinets, wiring systems, inductive components, sheet metal processing, and system products for automation and assembly. Founded in 1994, AQ Group is headquartered in Västerås, Sweden, and has expanded its operations globally with a presence in several countries. The company emphasizes a strategy of local presence combined with global strength, aiming to deliver high-quality solutions and services tailored to customer needs. AQ Group's competitive strengths include its broad product portfolio and its ability to offer customized solutions across various industrial sectors.
- Ticker
- Skr AQ
- Sector
- Industrials
- Primary listing
- XSTO
- Employees
- 7,848
- Headquarters
- Västerås, Sweden
- Website
- www.aqgroup.com
AQ Group AB Metrics
BasicAdvanced
kr 20B
28.03
kr 7.66
0.72
kr 1.80
0.84%
Price and volume
Market cap
kr 20B
Beta
0.72
52-week high
kr 244.80
52-week low
kr 166.10
Average daily volume
117K
Dividend rate
kr 1.80
Financial strength
Current ratio
2.59
Quick ratio
1.667
Long term debt to equity
0.056
Total debt to equity
0.086
Dividend payout ratio (TTM)
23.47%
Interest coverage (TTM)
27.73%
Profitability
EBITDA (TTM)
1,124
Gross margin (TTM)
51.26%
Net profit margin (TTM)
7.50%
Operating margin (TTM)
9.76%
Effective tax rate (TTM)
19.84%
Revenue per employee (TTM)
kr 1,190,000
Management effectiveness
Return on assets (TTM)
7.95%
Return on equity (TTM)
14.76%
Valuation
Price to earnings (TTM)
28.027
Price to revenue (TTM)
2.103
Price to book
3.9
Price to tangible book (TTM)
4.39
Price to free cash flow (TTM)
35.184
Free cash flow yield (TTM)
2.84%
Free cash flow per share (TTM)
6.105
Dividend yield (TTM)
0.84%
Forward dividend yield
0.84%
Growth
Revenue change (TTM)
7.60%
Earnings per share change (TTM)
7.33%
3-year revenue growth (CAGR)
4.20%
10-year revenue growth (CAGR)
11.63%
3-year earnings per share growth (CAGR)
7.86%
10-year earnings per share growth (CAGR)
12.31%
3-year dividend per share growth (CAGR)
39.29%
10-year dividend per share growth (CAGR)
14.87%
Bulls say / Bears say
AQ Group delivered robust revenue and earnings growth in H1 2026, with net sales up 6 % to SEK 4,934 m and operating profit rising 11 % to SEK 480 m year-on-year, while the pre-tax profit margin expanded to 9.7 % from 9.3 % a year earlier (AQ Group Interim Report H1 2026).
The company’s targeted M&A strategy continues to drive growth, with a 7.2 % sales contribution from acquisitions in 2025—including mdexx magnetronics, Michael Riedel and Sandflo Forma—and an additional 1 % in Q2 2026 from the acquisition of Time 24, broadening AQ’s technology and customer base (AQ Group Annual Report 2025, AQ Group Interim Report H1 2026).
AQ Group’s balance sheet remains strong, ending 2025 with a net cash position of SEK 427 m (SEK 847 m adjusted for leasing liabilities) and a liquid ratio of 204 %, providing financial flexibility for further investments or shareholder returns (AQ Group Annual Report 2025).
Operating cash flow has weakened significantly, with cash flow from operating activities plunging to SEK 23 m in Q2 2026 from SEK 232 m a year ago, raising concerns over working capital management and liquidity strain (AQ Group Interim Report H1 2026).
Despite a 6 % increase in net sales to SEK 9,071 m in 2025, operating profit remained flat at SEK 840 m, indicating that lower margins from recently acquired businesses are offsetting revenue growth (AQ Group Annual Report 2025).
AQ Group faced a negative currency impact of –3.1 % (approximately SEK –267 m) in 2025, driven by volatility in the EUR, CNY and BGN, which poses ongoing foreign-exchange risks to reported revenue and margins (AQ Group Annual Report 2025).
Data summarised monthly by Lightyear AI. Last updated on 2 Sept 2026.
Upcoming events
No upcoming events
Funds containing AQ Group AB
AllEURGBPUSD
Fund name | Fund size | Skr AQ weighting |
|---|---|---|
Xtrackers MSCI Europe Small Cap€DX2J | €3.2B | 0.08% |
Xtrackers MSCI Europe Small Cap£XXSC | £2.8B | 0.08% |
iShares MSCI World Small Cap$WSML | $9B | 0.01% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.01% |
iShares MSCI World Small Cap£WLDS | £6.7B | 0.01% |
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.