Teknikmagasinet Sweden AB
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Teknikmagasinet Sweden AB - overview
Established
1989
Location
-, -, Sweden
Primary Industry
Retail
About
Teknikmagasinet Sweden AB is a retail company specializing in consumer electronics, gadgets, and accessories, aimed at enhancing everyday user experiences through a diverse product line and an extensive online shopping platform. Founded in 1989 in Sweden, Teknikmagasinet Sweden AB operates as a direct-to-consumer retailer of electronics and gadgets. The company was acquired by Peter Gyllenhammar from Segulah in March 2018, and it has completed four deals since inception. The current CEO is Ulrika Göransson.
In the latest funding round, Teknikmagasinet raised EUR 11. 00 mn through a Secondary Buyout, which constitutes the total amount raised to date. Teknikmagasinet specializes in a wide range of consumer electronics, including smartwatches, mobile accessories, home electronics, and various tech gadgets. The company caters to tech enthusiasts and families alike, offering products that enhance daily life.
Their offerings include accessories for popular smartphone brands such as Samsung, Apple, and Google, and essentials for smart home devices and robotics, with availability across Sweden and selected European regions. For the most recent financial year in 2019, Teknikmagasinet reported a revenue of EUR 83,347,613 with an EBITDA of EUR 223,232. The revenue generation primarily stems from direct-to-consumer sales through their online platform, offering competitive pricing and promotional incentives for customer loyalty. Teknikmagasinet is focused on expanding its product line and improving its online presence.
The recent funding raised in March 2018 will support the introduction of new electronic products and accessories, aiming to launch these in the upcoming fiscal year. Additionally, the company plans to explore new European markets to increase its customer base and enhance its distribution channels.
Primary Industry
Retail
Sub Industries
Household Appliances, Recreational Hobbies & Sporting Goods, Recreational Product Stores, Consumer Electronics Stores, Electronic Components & Semiconductor Wholesalers
Website
www.teknikmagasinet.se
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Teknikmagasinet Sweden AB - financials
| Fiscal Year Ended | Apr 30, 2011 | Apr 30, 2012 | Apr 30, 2013 | Apr 30, 2014 | Apr 30, 2015 | Apr 30, 2016 | Apr 30, 2017 | Apr 30, 2018 | Jun 30, 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 584,373,386 | 644,656,568 | 696,085,000 | 734,742,000 | 773,900,000 | 819,186,000 | - | - | - |
| % Revenue Growth (YoY) | - | 10.3% | 8.0% | 5.6% | 5.3% | 5.9% | - | - | - |
| EBITDA (USD) | 37,308,297 | 42,655,127 | 49,363,000 | 40,405,000 | 31,437,000 | 23,812,000 | - | - | - |
| Operating Income (USD) | 32,740,561 | 38,237,260 | 43,930,000 | 35,084,000 | 26,346,000 | 17,607,000 | - | - | - |
| Operating Margin | 5.6% | 5.9% | 6.3% | 4.8% | 3.4% | 2.1% | - | - | - |
| % EBITDA Margin | 6.4% | 6.6% | 7.1% | 5.5% | 4.1% | 2.9% | - | - | - |
| NET Income (USD) | 37,064,453 | 28,453,239 | 28,440,000 | 28,438,000 | 11,432,000 | 9,855,000 | - | - | - |
| % Net Margin | 6.3% | 4.4% | 4.1% | 3.9% | 1.5% | 1.2% | - | - | - |
Teknikmagasinet Sweden 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Teknikmagasinet Sweden AB | - | ||||||||
| Secondary Buyout | Completed | Teknikmagasinet Sweden AB | - | ||||||||
| Secondary Buyout | Completed | Teknikmagasinet Sweden AB | - | ||||||||
| Buyout | Completed | Teknikmagasinet Sweden AB | - |
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Teknikmagasinet Sweden AB - employee data
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