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Swedish investment company combining a listed equity portfolio (incl. Assa Abloy) with wholly-owned industrial businesses.
Swedish investment company combining a listed equity portfolio (incl. Assa Abloy) with wholly-owned industrial businesses.
Earns from two sources: dividends from its listed holdings and profits from industrial subsidiaries it owns outright, such as Hultafors Group, Swegon and Caljan, which sell work tools, indoor-climate systems and parcel-handling conveyors. Gustaf Douglas and his family control Latour.
In one line: A Swedish diversified industrial holding company.
Moat: narrow (scale, process know-how). Combines strong listed stakes with disciplined, decentralized ownership of niche industrial operating businesses.
Headquarters: Gothenburg, Sweden · Founded: 1985 · Employees: 10,115
Size Investment AB Latour (LATO-B.ST) is a Sweden Financials company (Financial Conglomerates) with a market value of $14.2B, the 23rd largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 234.60 on 6 Nov 2026.
Performance Over six months the shares gained 19.0%, against +1.4% for the median peer and +8.2% for the Sweden market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue grew 2.9% over the last twelve months (peer median +2.7%); the operating margin is 14.6% (peer median 40.3%).
Valuation It trades at 3.22× book value against a peer median of 1.15× (most expensive of 21).
Price implies The share price implies a return on equity of about 27.0%; Investment AB Latour delivers 16.8%, so the price asks more than the business earns today.
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 28.5B | SEK 28.2B | SEK 25.9B | SEK 25.6B | SEK 22.6B |
| Revenue growth | — | +9% | +1% | +13% | — |
| Gross profit | SEK 11.5B | SEK 10.7B | SEK 9.77B | SEK 9.55B | SEK 8.05B |
| EBITDA | SEK 5.04B | SEK 4.61B | SEK 4.25B | SEK 4.34B | SEK 3.59B |
| Net income | SEK 7.42B | SEK 4.92B | SEK 6.17B | SEK 5.89B | SEK 4.16B |
| Free cash flow | n/a | SEK 3.67B | SEK 4.41B | SEK 5.16B | SEK 2.41B |
| Capital expenditure | n/a | SEK 707M | SEK 569M | SEK 444M | SEK 440M |
| Total debt | SEK 17.2B | SEK 19.2B | SEK 16.6B | SEK 13.4B | SEK 14.0B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Investment AB Latour LATO-B.ST | $14.2B | +19% | +3% | 17% | 3.22× | 27.0% |
| Industrivarden INDU-A.ST | $23.4B | +9% | -1% | 27% | 1.03× | 9.4% |
| L E Lundbergforetagen LUND-B.ST | $15.3B | +16% | -4% | 14% | 1.04× | 8.4% |
| Indutrade INDT.ST | $9.94B | +39% | +6% | 16% | 5.09× | 43.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LATO-B.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +17.5% | +4.1% | highest of 21 |
| 6-month return | +19.0% | +1.4% | 2nd highest of 20 |
| Return on equity | 16.8% | 11.1% | 6th highest of 21 |
| Price / book | 3.22× | 1.15× | most expensive of 21 |
| Trailing P/E | 20.2× | 11.6× | 3rd most expensive of 17 |
| ROE the price implies | 27.0% | 8.9% | 2nd most demanding of 21 |
| ROE delivered | 16.8% | 13.1% | 6th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Investment AB Latour LATO-B.ST | Sweden | $14.2B | +19% | +3% | 17% | 3.22× | 27.0% | 16.8% |
| Ares Capital ARCC | United States | $13.8B | +1% | -8% | 6% | 0.99× | 8.1% | 6.2% |
| L E Lundbergforetagen LUND-B.ST | Sweden | $15.3B | +16% | -4% | 14% | 1.04× | 8.4% | 14.2% |
| Bajaj Holdings & Investment BAJAJHLDNG.NS | India | $13.0B | +4% | -14% | 13% | 1.67× | 20.7% | 13.1% |
| Washington H. Soul Pattinson and SOL.AX | Australia | $12.5B | +12% | +143% | 20% | 1.42× | 8.9% | 19.8% |
| Jio Financial Services JIOFIN.NS | India | $16.2B | -8% | +117% | 1% | 1.18× | 19.7% | 1.3% |
| Julius Baer Gruppe BAER.SW | Switzerland | $17.1B | +2% | 0% | 16% | 1.89× | 8.8% | 16.2% |
| HAL Trust HAL.AS | Netherlands | $17.2B | +1% | -5% | 9% | 0.94× | 6.4% | 9.1% |
| BitMine Immersion Technologies BMNR | United States | $11.3B | -15% | +1,022% | -151% | 0.94× | 15.1% | -151.2% |
| SBI 8473.T | Japan | $11.2B | -13% | +20% | 28% | 0.91× | 8.0% | 28.4% |
| M&G MNG.L | United Kingdom | $10.3B | +7% | +68% | -4% | 2.91× | 32.8% | -3.8% |
| China Resources New Energy 001248.SZ | China | $21.5B | n/a | 0% | 7% | 1.20× | 3.7% | n/a |
| Industrivarden INDU-A.ST | Sweden | $23.4B | +9% | -1% | 27% | 1.03× | 9.4% | 27.2% |
| Aker AKER.OL | Norway | $8.60B | -7% | -17% | 50% | 1.18× | 11.7% | 50.3% |
| Exor EXO.AS | Netherlands | $26.2B | +10% | +59% | -13% | 0.46× | 4.6% | -12.6% |
| Ts Financial 2887.TW | Taiwan | $29.2B | +62% | +200% | 15% | 1.38× | 5.9% | 15.3% |
| Brookfield Business BBUC.TO | Canada | $6.15B | -9% | +106% | -24% | 1.11× | 11.6% | -23.5% |
| Onex ONEX.TO | Canada | $5.91B | -7% | +2% | 5% | 0.60× | 6.5% | 5.2% |
| Azimut AZM.MI | Italy | $5.70B | -1% | +17% | 28% | 2.62× | 24.8% | 28.5% |
| Blue Owl Capital OBDC | United States | $5.39B | -4% | +1% | 4% | 0.77× | 7.1% | 3.9% |
| Main Street Capital MAIN | United States | $5.33B | +6% | +3% | 15% | 1.68× | 12.3% | 14.9% |