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The NIBE share – Facts and figures

The NIBE share


Analysts

Karl Bokvist

ABG Sundal Collier

Philip Buller

Berenberg

Gustav Österberg

Carnegie

Viktor Trollsten

Danske Bank Equity Research

Douglas Lindahl

DNB Bank Markets

Anna Lindholm Widström

Handelsbanken Capital Markets

Johan Sjöberg

Kepler Cheuvreux

Pam Liu

Morgan Stanley

Carl Ragnestam

Nordea Markets

Fredrik Moregard

Pareto

Fredrik Agardh

SEB Equity Research

Major shareholders



No. of

A-shares

No. of

B-shares

Share

votes, %

Current and former boardmembers

and senior executives

164 373 736

245 621 234

45.92

Schörling/MEXAB Industri AB

68 756 624

80 852 090

18.68

State Street Bank and Trust Co


157 622 432

3,83

JP Morgan Chase Bank N A


120 997 891

2.94

Alecta Pensionsförsäkring


116 672 000

2,84

BNY Mellon NA


59 468 438

1,45

The Northern Trust Company


41 162 460

1,00

Brown Brothers Harriman & Co


28 202 547

0,69

Clearstream Banking S A


24 182 334

0,66

JP Morgan SE Luxembourg B


21 473 316

0.52

CBNY Norges Bank


21 029 106

0.51

AMF Tjänstepension AB


20 000 000

0.49

BNY Mellon SA/NV


19 675 214

0.48

Other holdings (116 887)


826 247 066

20.08

Total

233 130 360

1 782 936 128

100.00

Source: Euroclear Sweden share register May, 31 2022

Shareholder structure

Prop. of shares

Number

of owners

Number

of owners

(%)

Number
of shares

A

Number
of shares

B

Number

of shares

(%)

1-500

86,439

73.95


10 059 934

0.50

501-1,000

10,124

8.66


7 692 975

0.38

1,001-2,000

6,896

5.90


10 450 998

0.52

2,001-5,000

5,897

5.05


19 598 184

0.97

5,001-10,000

2,896

2.48


21 137 664

1.05

10,001-20,000

1,890

1.62


28 152 292

1.40

20,001-50,000

1,395

1.19


43 496 400

2.16

50,001-100,000

665

0.57


45 401 040

2.25

100,001-500,000

431

0.37


87 022 607

4.32

500,001-1,000,000

75

0.06


54 478 600

2.70

1,000,001-5,000,000

109

0.09

5 197 976

222 104 026

11.27

5,000,001-10,000,000

33

0.03

30 929 760

199 987 704

11.45

10,000,001-

36

0.03

197 002 624

1 033 338 704

61.03

Total

116,887

100

233 130 360

1 782 936 128

100.00

Source: Euroclear Sweden share register May, 31 2022

Key figures




2021

2020

2019

20182017
20162015
Net salesSEK million

30,832

27,146

25,342

22,51619,00915,34813,243
Growth%

+13.6

+7.1

+12.5

+18.5+23.9+15.9+20.0
Operating profitSEK million

4,438

3,880

3,038

2,8292,3441,9801,700
Profit after net financial itemsSEK million

4,318

3,658

2,836

2,6672,1821,8711,614
EBITDA margin%

18.6

18.8

16.1

15.615.716.416.5
Operating margin%

14.4

14.3

12.0

12.612.312.912.8
Profit margin
%

13,9

13.5

11.2

11.811.512.212.2
Net investments in non-current assetsSEK million

1,790

3,692

2,059

2,4792,0265,156531
Operating cash flowSEK million

2,020

3,914

1,904

1,1111,5871,3591,555
Available cash and equivalentsSEK million

5,208

5,240

4,703

3,5623,8032,9262,195
Working capital, excluding cash and
bank balances, in relation to net sales
%

17.4

12.9

18.1

19.616.319.613.0
EquitySEK million

21,657

17,737

17,604

15,42112,80712,1297,428
Return on equity
%

17.3

16.1

13.5

14.813.714.918.0
Equity/assets ratio%

49.9

46.3

47.0

47.745.846.639.9
Proportion of risk-bearing capital%

53.1

49.7

50.6

51.149.250.744.5
Capital employedSEK million

31,977

28,396

28,258

24,66021,78320,66514,710
Return on total employed%

15.2

14.6

12.3

13.011.511.812.1
Return on total capital%

11.2

10.9

9.4

10.09.09.49.6
Capital turnover ratiotimes

0.75

0.72

0.73

0.750.700.690.72
Interest-bearing liabilities/Equity%

47.7

60.1

60.8

60.070.170.498.0
Net debt/EBITDAtimes

1.0

1.1

1.6

1.71.92.42.5
Interest coverage ratiotimes

16.6

7.9

7.6

8.89.69.612.3
Average number of employeesno.

20,433

18,740

16,994

16,56914,27111,86910,545

Definitions – key figures

Growth
Percentage change in net sales compared with previous year.

EBITDA margin
Operating profit before depreciation as a percentage of net sales.

Operating margin
Operating profit as a percentage of net sales.

Profit margin
Profit after net financial items as a percentage of net sales.

Operating cash flow
Cash flow after investments but before acquisition of companies/operations.

Equity
Taxed equity plus untaxed reserves less tax.

Return on equity
Profit after net financial items less tax at 22.0% standard rate as a percentage of average equity.

Equity/assets ratio
Equity as a percentage of total assets.

Proportion of risk-bearing capital
Equity, including non-controlling interest and deferred tax liability, as a percentage of total assets.

Capital employed
Total assets less non-interest-bearing liabilities and deferred tax.

Return on capital employed
Profit after net financial items plus financial expenses as a percentage of average capital employed.

Return on total capital
Profit after net financial items plus financial expenses as a percentage of average total assets.

Capital turnover ratio
Net sales divided by average total assets.

Interest-bearing liabilities/ Equity
Interest-bearing liabilities as a percentage of equity.

Net debt/EBITDA
Interest-bearing net debt (financial liabilities less financial assets) divided by profit before depreciation/amortisation.

Interest coverage ratio
Profit after net financial items plus financial expenses divided by financial expenses.