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Reports
-
Interim report Q3 2020
Continued good growth – major focus on sustainability and targeted mobilisation limit the effects of Covid-19 -
Interim report Q2 2020
Continued stable growth – the effects of Covid-19 have been fended off relatively well
IR Contacts
The NIBE share – Facts and figures
The NIBE share
Analysts
Karl Bokvist | ABG Sundal Collier |
Gustav Österberg | Carnegie |
Johan Sjöberg | Danske Bank Equity Research |
Viktor Trollsten | DNB Bank Markets |
Marcela Klang | Handelsbanken Capital Markets |
Douglas Lindahl | Kepler Cheuvreux |
Carl Ragnestam | Nordea Markets |
Klara Jonsson | SEB Equity Research |
Fredrik Moregard | Pareto |
Major shareholders
No. of A-shares | No. of B-shares | Share votes, % | |
|---|---|---|---|
| Current and former boardmembers and senior executives | 41 093 434 | 63 222 017 | 46.10 |
| Melker Schörling | 17 189 156 | 30 108 203 | 19.64 |
| State Street Bank and Trust Co | 45 304 365 | 4,40 | |
| Alecta Pensionsförsäkring | 30 179 000 | 2.93 | |
| BNY Mellon NA | 17 729 890 | 1,72 | |
| JPM Chase Bank N A | 14 222 865 | 1,38 | |
| The Northern Trust Company | 11 117 195 | 1,08 | |
| JPM Chase Bank N A | 9 279 778 | 0,90 | |
| CBNY Norges Bank | 5 893,079 | 0,57 | |
| Brown Brothers Harriman & Co | 5 702 915 | 0.55 | |
| Six SIS AG | 4 786 593 | 0.47 | |
| BNP Paribas SEC Services Pari | 4 149 921 | 0.40 | |
| BNY Mellon SA/NV | 3 864 043 | 0.37 | |
| Other holdings (56,934) | 200 184 168 | 19.46 | |
| Total | 504 016 622 | 100.00 |
Source: Euroclear Sweden share register December, 31 2020
Shareholder structure
| Prop. of shares | Number of owners | Number of owners (%) | Number A | Number B | Number of shares (%) |
|---|---|---|---|---|---|
| 1-500 | 45 733 | 78.91 | 4 383 219 | 0.87 | |
| 501-1,000 | 4 029 | 6.95 | 3 173 437 | 0.63 | |
| 1,001-2,000 | 2 796 | 4.82 | 4 260 589 | 0.85 | |
| 2,001-5,000 | 2 620 | 4.52 | 8 830 186 | 1.75 | |
| 5,001-10,000 | 1 160 | 2.00 | 8 360 979 | 1.66 | |
| 10,001-20,000 | 750 | 1.29 | 10 853 143 | 2.15 | |
| 20,001-50,000 | 426 | 0.74 | 13 066 375 | 2.59 | |
| 50,001-100,000 | 157 | 0.27 | 11 007 104 | 2.18 | |
| 100,001-500,000 | 170 | 0.29 | 439 554 | 39 516 215 | 7.93 |
| 500,001-1,000,000 | 43 | 0.07 | 859 940 | 31 095 020 | 6.34 |
| 1,000,001-5,000,000 | 56 | 0.10 | 19 163 926 | 102 792 077 | 24.20 |
| 5,000,001-10,000,000 | 8 | 0.01 | 20 630 014 | 36 804 872 | 11.40 |
| 10,000,001- | 8 | 0.01 | 17 189 156 | 171 590 816 | 37.46 |
| Total | 56 956 | 100 | 58 282 590 | 445 734 032 | 100.00 |
Source: Euroclear Sweden share register December, 31 2020
Key figures
2019 | 2018 | 2017 | 2016 | 2015 | ||
|---|---|---|---|---|---|---|
| Net sales | SEK million | 25,342 | 22,516 | 19,009 | 15,348 | 13,243 |
| Growth | % | +12.5 | +18.5 | +23.9 | +15.9 | +20.0 |
| Operating profit | SEK million | 3,038 | 2,829 | 2,344 | 1,980 | 1,700 |
| Profit after net financial items | SEK million | 2,836 | 2,667 | 2,182 | 1,871 | 1,614 |
| EBITDA margin | % | 16.1 | 15.6 | 15.7 | 16.4 | 16.5 |
| Operating margin | % | 12.0 | 12.6 | 12.3 | 12.9 | 12.8 |
| Profit margin | % | 11.2 | 11.8 | 11.5 | 12.2 | 12.2 |
| Net investments in non-current assets | SEK million | 2,059 | 2,479 | 2,026 | 5,156 | 531 |
| Operating cash flow | SEK million | 1,904 | 1,111 | 1,587 | 1,359 | 1,555 |
| Available cash and equivalents | SEK million | 4,703 | 3,562 | 3,803 | 2,926 | 2,195 |
| Working capital, excluding cash and bank balances, in relation to net sales | % | 18.1 | 19.6 | 16.3 | 19.6 | 13.0 |
| Equity | SEK million | 17,604 | 15,421 | 12,807 | 12,129 | 7,428 |
| Return on equity | % | 13.5 | 14.8 | 13.7 | 14.9 | 18.0 |
| Equity/assets ratio | % | 47.0 | 47.7 | 45.8 | 46.6 | 39.9 |
| Proportion of risk-bearing capital | % | 50.6 | 51.1 | 49.2 | 50.7 | 44.5 |
| Capital employed | SEK million | 28,258 | 24,660 | 21,783 | 20,665 | 14,710 |
| Return on total employed | % | 12.3 | 13.0 | 11.5 | 11.8 | 12.1 |
| Return on total capital | % | 9.4 | 10.0 | 9.0 | 9.4 | 9.6 |
| Capital turnover ratio | times | 0.73 | 0.75 | 0.70 | 0.69 | 0.72 |
| Interest-bearing liabilities/Equity | % | 60.8 | 60.0 | 70.1 | 70.4 | 98.0 |
| Net debt/EBITDA | times | 1.6 | 1.7 | 1.9 | 2.4 | 2.5 |
| Interest coverage ratio | times | 7.6 | 8.8 | 9.6 | 9.6 | 12.3 |
| Average number of employees | no. | 16,994 | 16,569 | 14,271 | 11,869 | 10,545 |
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.