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AQ Group

ISIN: SE0000772956 | Ticker: AQ | LEI: 549300CN568MD1JD3E40
Country: Sweden

About AQ Group

Company Description

AQ Group is a global manufacturer of components and systems for industrial customers with high demands.

AQ Group was founded as Aros Quality Group in 1994 through the merger of Aros Kvalitetsplast AB, the transformer division of ABB Industrial Systems and the accessories section of ABB Relays. We have shown a steady and fast growth with good profitability since the start. The company was floated on the Swedish stock exchange AktieTorget in 2001 and switched list to Nasdaq Stockholm in 2017.

The business is organized in two segments: System and Component. System includes our business areas Electric Cabinets and System Products. Component includes our business areas Injection Molding, Inductive Components, Wiring Systems and Sheet Metal Processing.

Activities are organized in these specialized business areas with operating companies, which offer cost effective solutions for our customers.

Year founded



Regattagatan 29, 72348 Västerås – Sweden

Financial statements

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Line item in (sek) 02.01.2021 01.01.2022 02.01.2022 01.01.2023
Assets N/A 4,699,000,000.00 N/A 5,704,000,000.00
Noncurrent Assets N/A 1,644,000,000.00 N/A 1,896,000,000.00
Property Plant And Equipment N/A 820,000,000.00 N/A 1,043,000,000.00
Goodwill N/A 366,000,000.00 N/A 395,000,000.00
Other Intangible Assets N/A 162,000,000.00 N/A 144,000,000.00
Deferred Tax Assets N/A 62,000,000.00 N/A 76,000,000.00
Other Noncurrent Financial Assets N/A 2,000,000.00 N/A 5,000,000.00
Current Assets N/A 3,056,000,000.00 N/A 3,808,000,000.00
Inventories N/A 1,305,000,000.00 N/A 1,629,000,000.00
Current Trade Receivables N/A 1,295,000,000.00 N/A 1,745,000,000.00
Other Current Receivables N/A 94,000,000.00 N/A 106,000,000.00
Current Tax Assets Current N/A 14,000,000.00 N/A 22,000,000.00
Cash and cash equivalents 452,000,000.00 283,000,000.00 283,000,000.00 231,000,000.00
Equity And Liabilities N/A 4,699,000,000.00 N/A 5,704,000,000.00
Equity 2,191,000,000.00 2,627,000,000.00 2,627,000,000.00 3,180,000,000.00
Issued Capital N/A 37,000,000.00 N/A 37,000,000.00
Retained Earnings N/A 2,411,000,000.00 N/A 2,761,000,000.00
Additional Paidin Capital N/A 84,000,000.00 N/A 86,000,000.00
Equity Attributable To Owners Of Parent N/A 2,616,000,000.00 N/A 3,164,000,000.00
Noncontrolling Interests N/A 12,000,000.00 N/A 16,000,000.00
Liabilities N/A 2,072,000,000.00 N/A 2,524,000,000.00
Noncurrent Liabilities N/A 730,000,000.00 N/A 973,000,000.00
Noncurrent Provisions N/A 18,000,000.00 N/A 22,000,000.00
Other Noncurrent Payables N/A 0.00 N/A 0.00
Deferred Tax Liabilities N/A 80,000,000.00 N/A 90,000,000.00
Longterm Borrowings N/A 632,000,000.00 N/A 861,000,000.00
Current Liabilities N/A 1,342,000,000.00 N/A 1,551,000,000.00
Other Shortterm Provisions N/A 11,000,000.00 N/A 13,000,000.00
Trade And Other Current Payables N/A 711,000,000.00 N/A 862,000,000.00
Current Accruals And Current Deferred Income Including Current Contract Liabilities N/A 224,000,000.00 N/A 271,000,000.00
Other Current Payables N/A 84,000,000.00 N/A 107,000,000.00
Current Tax Liabilities Current N/A 38,000,000.00 N/A 25,000,000.00
Current Deposits From Customers N/A 62,000,000.00 N/A 94,000,000.00
Other Current Borrowings And Current Portion Of Other Noncurrent Borrowings N/A 212,000,000.00 N/A 180,000,000.00
Line item in (sek) 01.01.2021/
Revenue From Sale Of Goods 5,471,000,000.00 7,053,000,000.00
Other Income 143,000,000.00 180,000,000.00
Changes In Inventories Of Finished Goods And Work In Progress -184,000,000.00 -82,000,000.00
Raw Materials And Consumables Used 2,866,000,000.00 3,760,000,000.00
Cost Of Merchandise Sold 121,000,000.00 81,000,000.00
Employee Benefits Expense 1,486,000,000.00 1,849,000,000.00
Depreciation Amortisation And Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 234,000,000.00 261,000,000.00
Other Expense By Nature 598,000,000.00 789,000,000.00
Profit Loss From Operating Activities 446,000,000.00 491,000,000.00
Finance Income 22,000,000.00 39,000,000.00
Finance Costs 28,000,000.00 48,000,000.00
Profit Loss Before Tax 441,000,000.00 482,000,000.00
Income Tax Expense Continuing Operations 73,000,000.00 69,000,000.00
Profit (loss) 368,000,000.00 413,000,000.00
Profit Loss Attributable To Owners Of Parent 366,000,000.00 410,000,000.00
Profit Loss Attributable To Noncontrolling Interests 2,000,000.00 3,000,000.00
Line item in (sek) 01.01.2022 02.01.2021 01.01.2023 02.01.2022
Profit (loss) 368,000,000.00 N/A 413,000,000.00 N/A
Adjustments For Reconcile Profit Loss -368,000,000.00 N/A -447,000,000.00 N/A
Adjustments For Decrease Increase In Inventories -370,000,000.00 N/A -239,000,000.00 N/A
Adjustments For Decrease Increase In Other Operating Receivables -34,000,000.00 N/A -9,000,000.00 N/A
Adjustments For Increase Decrease In Trade Account Payable 198,000,000.00 N/A 82,000,000.00 N/A
Adjustments For Increase Decrease In Other Operating Payables 30,000,000.00 N/A 76,000,000.00 N/A
Other Adjustments For Noncash Items 221,000,000.00 N/A 264,000,000.00 N/A
Adjustments For Reconcile Profit Loss -368,000,000.00 N/A -447,000,000.00 N/A
Income Taxes Paid Refund Classified As Operating Activities 56,000,000.00 N/A 91,000,000.00 N/A
Cash Flows From Used In Operating Activities 238,000,000.00 N/A 208,000,000.00 N/A
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities 203,000,000.00 N/A 0.00 N/A
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities 3,000,000.00 N/A 6,000,000.00 N/A
Purchase Of Property Plant And Equipment Classified As Investing Activities 189,000,000.00 N/A 284,000,000.00 N/A
Purchase Of Intangible Assets Classified As Investing Activities 3,000,000.00 N/A 4,000,000.00 N/A
Other Inflows Outflows Of Cash Classified As Investing Activities 0.00 N/A 0.00 N/A
Cash Flows From Used In Investing Activities -391,000,000.00 N/A -283,000,000.00 N/A
Proceeds From Borrowings Classified As Financing Activities 82,000,000.00 N/A 234,000,000.00 N/A
Repayments Of Borrowings Classified As Financing Activities 49,000,000.00 N/A 62,000,000.00 N/A
Payments Of Lease Liabilities Classified As Financing Activities 95,000,000.00 N/A 103,000,000.00 N/A
Dividends Paid Classified As Financing Activities 0.00 N/A 61,000,000.00 N/A
Cash Flows From Used In Financing Activities -26,000,000.00 N/A 12,000,000.00 N/A
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes -178,000,000.00 N/A -63,000,000.00 N/A
Effect Of Exchange Rate Changes On Cash And Cash Equivalents 10,000,000.00 N/A 11,000,000.00 N/A
Cash and cash equivalents 283,000,000.00 452,000,000.00 231,000,000.00 283,000,000.00

Please note that some sums might not add up.

Filings & Publications


Consolidated Report
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report


Consolidated Report
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

Insider Trades

Date Trading entity / Person Association Trade type Volume
14.05.24 Ragnar Koppel Other Buy SEK 7,689.00
06.05.24 Erik Mattsson Other Other SEK 59,050.00
11.09.23 Gunilla Birgitta Ruth Spongh Other Buy SEK 139,825.00
15.08.23 Ragnar Koppel Other Buy SEK 9,157.50
14.08.23 James Axel Ahrgren Other Buy SEK 56,970.00
16.07.23 Ragnar Koppel Other Buy SEK 21,875.00
15.05.23 Ragnar Koppel Other Buy SEK 23,585.00
28.04.23 Ragnar Koppel Other Buy SEK 9,053.00
25.04.23 James Axel Ahrgren Other Buy SEK 209,000.00
20.04.23 Ragnar Koppel Other Buy SEK 99,875.00

Capital markets information







Industry Group

Capital Goods


Electrical Equipment


Electrical Components & Equipment

Listed Stock Exchange

Nasdaq Stockholm

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