Midway Logo

Midway

ISIN: SE0000122657 | Ticker: MIDW | LEI: 213800FDUNKI9PVKJ456
Sector: IndustrialsSub-Industry: Industrial Conglomerates
Country: Sweden

About Midway

Company Description

Midway Holding AB is an industrial group that acquires and develops small and medium-sized companies. The largest holding is HAKI, which offers scaffolding systems and services for complex projects in industry, infrastructure and construction. In 2019, the Midway Group had a turnover of approximately SEK 800 million and Midway's shares are traded on the Stockholm Stock Exchange's Small Cap list.

Year founded

1988

Headquarters

Norra Vallgatan 70, 21122 Malmö – Sweden

Financial statements

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Line item in (sek) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A 669,100,000.00 983,900,000.00 1,438,700,000.00
Noncurrent Assets N/A 328,500,000.00 512,100,000.00 822,200,000.00
Property Plant And Equipment N/A 247,600,000.00 239,500,000.00 365,300,000.00
Land And Buildings N/A 64,300,000.00 73,200,000.00 104,000,000.00
Machinery N/A 52,400,000.00 42,400,000.00 35,400,000.00
Fixtures And Fittings N/A 130,600,000.00 122,500,000.00 223,900,000.00
Goodwill N/A 29,400,000.00 216,400,000.00 363,300,000.00
Intangible Assets Other Than Goodwill N/A 15,400,000.00 42,100,000.00 78,700,000.00
Investments In Associates Accounted For Using Equity Method N/A 1,200,000.00 1,300,000.00 0.00
Noncurrent Receivables N/A 31,600,000.00 12,800,000.00 14,900,000.00
Deferred Tax Assets N/A 3,300,000.00 0.00 0.00
Current Assets N/A 340,600,000.00 471,800,000.00 616,500,000.00
Inventories N/A 169,300,000.00 267,800,000.00 423,400,000.00
Current Raw Materials And Current Production Supplies N/A 34,600,000.00 59,200,000.00 66,300,000.00
Work In Progress N/A 23,000,000.00 54,800,000.00 53,800,000.00
Finished Goods N/A 111,700,000.00 153,800,000.00 303,300,000.00
Trade And Other Current Receivables N/A 138,500,000.00 144,900,000.00 138,600,000.00
Current Trade Receivables N/A 126,100,000.00 144,900,000.00 N/A
Current Prepayments And Current Accrued Income Other Than Current Contract Assets N/A N/A 10,800,000.00 8,400,000.00
Other Current Receivables N/A 4,300,000.00 5,600,000.00 N/A
Current Tax Assets Current N/A 300,000.00 2,800,000.00 2,900,000.00
Other Current Nonfinancial Assets N/A N/A 5,600,000.00 11,200,000.00
Cash and cash equivalents 38,700,000.00 32,800,000.00 39,900,000.00 32,000,000.00
Equity And Liabilities N/A 669,100,000.00 983,900,000.00 1,438,700,000.00
Equity 480,900,000.00 470,700,000.00 539,700,000.00 608,100,000.00
Issued Capital N/A 273,300,000.00 273,300,000.00 273,300,000.00
Retained Earnings N/A 219,500,000.00 276,200,000.00 326,200,000.00
Equity Attributable To Owners Of Parent N/A 470,700,000.00 539,700,000.00 608,100,000.00
Noncontrolling Interests N/A 0.00 0.00 0.00
Noncurrent Liabilities N/A 47,400,000.00 127,000,000.00 494,600,000.00
Noncurrent Provisions N/A 13,800,000.00 21,100,000.00 43,700,000.00
Other Noncurrent Payables N/A 7,200,000.00 75,200,000.00 79,700,000.00
Current Liabilities N/A 151,000,000.00 317,200,000.00 336,000,000.00
Other Shortterm Provisions N/A 0.00 0.00 0.00
Trade And Other Current Payables To Trade Suppliers N/A 48,900,000.00 101,300,000.00 102,800,000.00
Current Accruals And Current Deferred Income Including Current Contract Liabilities N/A N/A 60,100,000.00 67,200,000.00
Current Advances N/A 12,300,000.00 15,400,000.00 9,300,000.00
Other Current Payables N/A 15,100,000.00 37,800,000.00 85,000,000.00
Current Tax Liabilities Current N/A 1,300,000.00 16,700,000.00 19,400,000.00
Line item in (sek) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue From Contracts With Customers 588,400,000.00 863,200,000.00 1,167,900,000.00
Other Income 17,200,000.00 10,200,000.00 29,600,000.00
Profit Loss From Operating Activities 16,800,000.00 69,600,000.00 102,400,000.00
Finance Income 2,900,000.00 18,000,000.00 16,600,000.00
Finance Costs 21,200,000.00 10,000,000.00 26,600,000.00
Profit Loss Before Tax -1,500,000.00 77,600,000.00 92,400,000.00
Income Tax Expense Continuing Operations -900,000.00 19,500,000.00 21,900,000.00
Profit (loss) -600,000.00 58,100,000.00 70,500,000.00
Profit Loss Attributable To Owners Of Parent -600,000.00 58,100,000.00 70,500,000.00
Profit Loss Attributable To Noncontrolling Interests 0.00 0.00 0.00
Line item in (sek) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Profit (loss) N/A -600,000.00 58,100,000.00 70,500,000.00
Adjustments For Decrease Increase In Inventories N/A 19,400,000.00 -56,500,000.00 -102,900,000.00
Adjustments For Depreciation And Amortisation Expense N/A 58,400,000.00 64,300,000.00 78,000,000.00
Other Adjustments For Noncash Items N/A -2,300,000.00 -400,000.00 -20,500,000.00
Other Adjustments To Reconcile Profit Loss N/A N/A 500,000.00 3,200,000.00
Cash Flows From Used In Operations N/A 118,100,000.00 101,100,000.00 N/A
Interest Paid Classified As Operating Activities N/A 21,200,000.00 10,000,000.00 9,100,000.00
Interest Received Classified As Operating Activities N/A 2,900,000.00 18,000,000.00 600,000.00
Cash Flows From Used In Operating Activities N/A N/A 101,100,000.00 34,100,000.00
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A 0.00 110,700,000.00 123,100,000.00
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities N/A 50,500,000.00 82,100,000.00 48,500,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 91,100,000.00 110,100,000.00 161,300,000.00
Purchase Of Intangible Assets Classified As Investing Activities N/A 4,700,000.00 15,400,000.00 16,500,000.00
Other Inflows Outflows Of Cash Classified As Investing Activities N/A 40,300,000.00 21,000,000.00 1,200,000.00
Cash Flows From Used In Investing Activities N/A -5,400,000.00 -133,600,000.00 -245,400,000.00
Proceeds From Borrowings Classified As Financing Activities N/A 0.00 80,600,000.00 327,500,000.00
Repayments Of Borrowings Classified As Financing Activities N/A 92,800,000.00 37,500,000.00 100,000,000.00
Payments Of Lease Liabilities Classified As Financing Activities N/A 25,700,000.00 3,500,000.00 3,600,000.00
Dividends Paid Classified As Financing Activities N/A 0.00 0.00 20,500,000.00
Cash Flows From Used In Financing Activities N/A -118,600,000.00 39,600,000.00 203,400,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A -5,900,000.00 7,100,000.00 -7,900,000.00
Cash and cash equivalents 38,700,000.00 32,800,000.00 39,900,000.00 32,000,000.00

Please note that some sums might not add up.

Filings & Publications

2022

Report
Q1
H1
Q3
FY
Consolidated Report
SWE
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2021

Report
Q1
H1
Q3
FY
Consolidated Report
SWE
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

Insider Trades

Date Trading entity / Person Association Trade type Volume
10.02.23 Ove Mattsson Other Buy SEK 575,816.02
28.04.21 Svante Nilo Bengtsson Other Buy SEK 513,000.00
28.04.21 Svante Nilo Bengtsson Other Buy SEK 191,109.60
08.03.21 Svante Nilo Bengtsson Other Buy SEK 5,550,000.00

Capital markets information

ISIN

SE0000122657

LEI

213800FDUNKI9PVKJ456

Sector

Industrials

Industry Group

Capital Goods

Industry

Industrial Conglomerates

Sub-Industry

Industrial Conglomerates

Listed Stock Exchange

Nasdaq Stockholm

Contact Investor Relations department

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