YOLFTbeta
Vetted Assets AB

Vetted Assets AB

VETT · ST · Consumer Cyclical / Internet Retail

3.94SEK+0.11 (+2.88%)

Price History

Full chart

Market Stats

Previous Close3.83
Open3.80
Day Range3.73 – 3.99
52-Week Range0.50 – 7.00
Volume128.69K
Market Cap287.05M
P/E (TTM)0.00
Forward P/E0.00
EPS-0.65
Dividend Yield0.00%
Beta-3.09
50-Day Avg4.84
200-Day Avg3.04

About

Vetted Assets AB builds and develops brands in digital commerce in Sweden. The company offers a home furnishing e-tailer that sells Scandinavian design furniture under the Folkhemmet brand name. It also sells cosmetics and beauty products, which include eyebrow tints, gels, brushes, and other products under the Browgame brand name. In addition, the company offers digital services consisting of digital growth experts and software providers who daily help companies become successful in digital sales and streamline their online marketing through e-commerce platforms and integration of business systems, etc., under the Awelin, Heep, and Lybe brand names. The company was formerly known as Refine Group AB (publ) and changed its name to Vetted Assets AB in May 2026. The company was incorporated in 2015 and is based in Stockholm, Sweden.

Company Details

  • SectorConsumer Cyclical
  • IndustryInternet Retail
  • CEOMr. Ludvig Neset
  • Employees42
  • HeadquartersLuntmakargatan 26, Stockholm, Sweden, 111 37, Sweden
  • Websitehttps://refinegroup.com

Leadership

  • Mr. Ludvig NesetChief Executive Officer · b. 1991
  • Mr. Filip BlazevicInvestment Manager & Business Developer
  • Mr. Jonathan EngmanHead of M&A · b. 1991
  • Mr. Jacob StenbergDeputy CEO & Director · b. 1991

Financials

Income Statement

Currency: SEK2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue-107.25K4.63M12.14M232.64M261.60M244.94M126.52M
Growth (%)--+4214.40%+162.39%+1816.18%+12.45%-6.37%-48.35%
Cost of Revenue5.63K9.27M22.33M39.29M244.87M203.30M142.60M202.19M
Gross Profit-5.63K-9.16M-17.70M-27.15M-12.22M58.30M102.34M-75.68M
Gross Margin--8544.47%-382.52%-223.61%-5.25%22.29%41.78%-59.81%
Operating Expense4.15M350.61K467.48K2.45M-746.00K348.67M221.16M0
Operating Income-4.16M-9.51M-18.17M-29.60M-11.48M-290.37M-118.81M-75.68M
Operating Margin--8871.38%-392.62%-243.80%-4.93%-111.00%-48.51%-59.81%
EBITDA-4.15M-9.14M-16.73M-29.47M16.05M-12.55M-34.91M-9.16M
EBITDA Margin--8520.07%-361.65%-242.76%6.90%-4.80%-14.25%-7.24%
Net Income-3.99M-9.21M-16.85M-29.58M-16.96M-313.00M-164.48M-2.71M
Net Income Margin--8584.49%-364.16%-243.66%-7.29%-119.65%-67.15%-2.14%
R&D-350.61K467.48K2.45M4.37M55.00K--
R&D as % of Total Revenue-326.91%10.10%20.19%1.88%0.02%--
Interest Expense10833.80K65.77K44.00K6.23M12.17M13.71M7.08M
Interest Expense % of Total Revenue-31.52%1.42%0.36%2.68%4.65%5.60%5.60%

Balance Sheet

Currency: SEK2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets5.52M3.23M14.99M24.41M329.83M410.91M217.97M145.05M
Total Liabilities1.07M1.91M6.20M6.79M138.64M191.74M140.79M48.51M
Total Equity4.45M1.31M8.78M17.62M189.28M217.27M76.50M95.87M
Cash3.02M1.01M6.25M7.95M3.30M32.13M11.63M6.89M
Total Debt-668.24K539.87K350.00K80.17M48.98M35.08M-
Net Debt-3.02M-345.22K-5.71M-7.60M76.87M16.84M23.44M-6.89M

Cash Flow

Currency: SEK2021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow--2.90M26.46M-12.30M-16.64M
Investing Cash Flow--76.68M6.60M2.43M-9.64M
Financing Cash Flow-46.85M-29.72M-10.63M21.54M
Capital Expenditure01.23M191.00K593.00K50.00K
Free Cash Flow--4.12M26.27M-5.57M-16.69M
FCF to OCF-142.26%99.28%45.24%100.30%

Earnings

Report DateMar 31, 2021Sep 1, 2021Dec 1, 2021May 6, 2022Aug 26, 2022Nov 18, 2022May 5, 2023Aug 25, 2023Nov 24, 2023Feb 23, 2024May 10, 2024Aug 23, 2024Nov 8, 2024Feb 24, 2025May 9, 2025Aug 29, 2025Nov 28, 2025Feb 16, 2026
EPS Estimate------------------
EPS Actual-49.13-85.12-69.87-64.00-58.06-39.81-37.67-1.64-0.45-4.68-0.28-0.21-0.28-1.740.02-0.10-0.060.05
Surprise------------------
Timing-------Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market---

Key Statistics & Ratios

Market Cap287.05M
Enterprise Value284.11M
Trailing P/E0.00
Forward P/E0.00
Price / Sales1.84
Price / Book2.54
EPS-0.65
Book Value2.10
Revenue (TTM)155.80M
Gross Profit (TTM)46.49M
EBITDA12.39M
Profit Margin-10.40%
Operating Margin-10.76%
Return on Equity-13.46%
Return on Assets-4.35%
Shares Outstanding58.11M
Shares Float46.35M
Beta-3.09
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Stock Splits

  • Jun 15, 20261:5
  • Nov 17, 20231:200