Main menu button

First impressions Risk Intelligence, Q4 2021: In line with expectations and confirmed outlook for the case

23 Fév 2022

Today, Risk Intelligence published its interim report for the fourth quarter of 2021. Below is a compilation of our first impressions of the results including deviations from our forecasts that were made after the third quarter of 2021.

  • Net sales in the fourth quarter amounted to DKK 7.5 million, corresponding to a growth of 12.7 per cent. Our forecast was for DKK 7.5 million. The outcome was thus in line with our expectations.
  • Reported operating profit amounted to DKK 1.9 million, corresponding to a margin of 25.1 per cent and growth of a full 174 per cent. Note, however, that the levels are still low. Our forecast was DKK 1.0 million, corresponding to a projected margin of 13.3%. The outcome was, therefore, better than expected.
  • Net profit amounted to DKK 1.5 million, compared with our forecast of DKK 0.4 million.
  • Earnings per share amounted to DKK 0.13. Our forecast was DKK 0.04.

In the section for comments from the CEO, the company expects that 3-4 new contracts can be signed for the LandRisk Logistics application. This is clearly interesting as our case is based on strong growth in this area.

We intend to provide an updated analysis on Risk Intelligence shortly. Read the initial coverage report here.


Carlsquare AB,, hereinafter referred to as Carlsquare, conducts business with regard to Corporate Finance and Equity Research in which areas it, among other things, publishes information about companies including analyzes. The information has been compiled from sources that Carlsquare considers to be reliable. However, Carlsquare cannot guarantee the accuracy of the information. Nothing written in the analysis should be regarded as a recommendation or invitation to invest in any financial instrument, option or the like. Opinions and conclusions expressed in the analysis are intended only for the recipient.

The content may not be copied, reproduced or distributed to another person without the written approval of Carlsquare. Carlsquare shall not be held responsible for any direct or indirect damage caused by decisions made on the basis of information contained in this analysis. Investments in financial instruments provide opportunities for value increases and profits. All such investments are also subject to risks. Risks vary between different types of financial instruments and combinations of these. Historical returns should not be considered as an indication of future returns.

The analysis is not directed to U.S. persons (as defined in Regulation S of the United States Securities Act and interpreted in the United States Investment Company Act 1940) nor may it be disseminated to such persons. The analysis is also not directed to such natural and legal persons where the distribution of the analysis to such persons would result in or entail a risk of a violation of Swedish or foreign law or constitution.

The analysis is a so-called Commissioned Research Report where the analyzed Company has signed an agreement with Carlsquare for analysis coverage. The analyzes are published on an ongoing basis during the contract period and for a usual fixed remuneration.

Carlsquare may or may not have a financial interest in the subject of this analysis. Carlsquare values the assurance of objectivity and independence and has established procedures for managing conflicts of interest for this purpose.

The analyst Markus Augustsson, Jonatan Andersson and Fredrik Nilsson does not own and is not allowed to own shares in the Company analyzed.

First impressions Risk Intelligence, Q4 2021: In line with expectations and confirmed outlook for the case