Measured by revenue, this is Röko’s largest acquisition to date. I assume there hasn’t been a compromise on EBITA either.
Fri-Jado’s revenue is roughly ~10% of Röko’s total 2025 revenue.
Here is some summer reading for Röko investors: Is Röko a Lifco all over again? - by Oliver Sung
An article published last year, apparently originally behind a paywall that has now been removed. Good, partly critical reflection on topics such as minority owner incentives, valuation, scale, acquisition valuations, continuity, etc.
Quite the numbers for a small but spunky Rökko ![]()
- Revenue +31%, while a-EBITDA increased from 20% to 21%.
- Four acquisitions within the quarter, the most significant being the Fri-Jado chicken rotisserie equipment business.
- Interest-bearing debt 438 → 1817 MSEK. Still manageable.
- The train is chugging along and Rökko’s model seems to be working quite splendidly!
Here it is in table format:
Overall, good progress on all fronts, both organically and through acquisitions, and for the first time in a while, currencies did not act as a headwind against the reported quarterly figures. Every once in a while, when more deals cross the finish line, growth will be more vigorous.
Last year, the market seemed to struggle with anemic growth and a slow pace of acquisitions, so we shall see what it makes of this. With Röko’s model and stage of development, growth will continue to see significant quarterly fluctuations for a long time, depending on the execution of deals.
Röko’s business model is certainly such that, for a long-term investor, it would be enough to just read the annual report once a year and skip reading these quarterly reports ![]()





