Synsam AB
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Synsam AB - overview
Established
1968
Location
Stockholm, -, Sweden
Primary Industry
Retail
About
Founded in 1968 and based in Stockholm, Sweden, Synsam AB operates as a retailer of optical products in the Nordic countries. In March 2014, CVC Capital Partners agreed to acquire Synsam AB from Nalka Invest. The deal was completed later in 2014. The company has more than 3,000 employees and more than 500 stores operating under the Synsam, Ai Eyewear, and Profil Optik brands in Denmark.
As of February 2022, the company is led by its CEO Joakim Forsell. In October 2021, Synsam Group Sweden AB raised SEK 2. 59 billion in an IPO, selling 51. 75 million shares at USD 50 per share on the Nasdaq Stockholm.
The listing valued the company at USD 7. 58 billion. The company trades under the trading symbol SYNSAM on the Nasdaq Stockholm. The products sold by the company include eyeglasses, sunglasses, sports glasses, and lenses.
It also provides eye health and eye checkup solutions. The company's revenue increased from SEK 3,781,200 in 2019 to SEK 3,860,300 in 2020.
Current Investors
Primary Industry
Retail
Sub Industries
Consumer Products, Retail, Optometrists & Opticians Products and Services
Website
www.synsam.se
Verticals
E-commerce
Company Stage
Mature
Total Amount Raised
Subscriber access only
Synsam AB - timeline of key events
Synsam AB - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 859,416,000 | 877,973,000 | 955,133,520 | 1,007,045,057 | 1,045,212,000 | 1,199,201,000 | 1,336,654,000 | 1,449,092,000 | 1,649,942,000 | 1,843,239,000 | 2,318,028,000 | - | - | - |
| % Revenue Growth (YoY) | - | 2.2% | 8.8% | 5.4% | 3.8% | 14.7% | 11.5% | 8.4% | 13.9% | 11.7% | 25.8% | - | - | - |
| EBITDA (USD) | 139,318,000 | 189,492,000 | 218,463,256 | 205,379,925 | 219,867,000 | 178,880,000 | 235,769,000 | 303,848,000 | 383,023,000 | 380,770,000 | 519,388,000 | - | - | - |
| Operating Income (USD) | 114,137,000 | 156,652,000 | 180,670,305 | 166,709,056 | 180,679,000 | 125,926,000 | 186,025,000 | 253,974,000 | 331,093,000 | 320,006,000 | 446,521,000 | - | - | - |
| Operating Margin | 13.3% | 17.8% | 18.9% | 16.6% | 17.3% | 10.5% | 13.9% | 17.5% | 20.1% | 17.4% | 19.3% | - | - | - |
| % EBITDA Margin | 16.2% | 21.6% | 22.9% | 20.4% | 21.0% | 14.9% | 17.6% | 21.0% | 23.2% | 20.7% | 22.4% | - | - | - |
| NET Income (USD) | 72,632,000 | 91,740,000 | 112,935,275 | 28,432,238 | (11,996,000) | (23,897,000) | (658,000) | (1,616,000) | 22,769,000 | 68,184,000 | 205,247,000 | - | - | - |
| % Net Margin | 8.5% | 10.4% | 11.8% | 2.8% | (1.1%) | (2.0%) | (0.0%) | (0.1%) | 1.4% | 3.7% | 8.9% | - | - | - |
Synsam AB - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Placement/Follow on | Completed | Synsam AB | - | ||||||||
| Private Placement/Follow on | Completed | Synsam AB | - | ||||||||
| Private Placement/Follow on | Completed | Synsam AB | - | ||||||||
| IPO | Completed | Synsam AB | - | ||||||||
| Secondary Buyout | Completed | Synsam AB | - |
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Synsam AB - employee data
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