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Interim report 2, 2024 (Q2)
First half characterized by large adjustments -
Interim report 1, 2024 (Q1)
Weak first quarter
IR Contacts
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Fredrik Erlandsson
Head of Corporate Communications and Investor Relations
Tel: +46 70 486 63 90
External link.
[email protected]
The NIBE share – Facts and figures
The NIBE share
Analysts
Karl Bokvist | ABG Sundal Collier |
Philip Buller | Berenberg |
Carl Deijenberg | Carnegie |
Vivek Stasse | Citi |
Viktor Trollsten | Danske Bank Equity Research |
Douglas Lindahl | DNB Bank Markets |
Gustav Schwerin | Handelsbanken Capital Markets |
Johan Sjöberg | Kepler Cheuvreux |
Axel Stasse | Morgan Stanley |
Carl Ragnestam | Nordea Markets |
Anders Roslund | 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 | 243 020 132 | 45.86 |
Schörling/MEXAB Industri AB | 68 115 307 | 84 742 090 | 18.78 |
State Street Bank and Trust Co | 139 676 708 | 3.39 | |
Alecta Pensionsförsäkring | 110 562 000 | 2.69 | |
JP Morgan Chase Bank N A | 75 009 812 | 1.82 | |
Clearstream Banking S A | 32 248 364 | 0.78 | |
AMF Tjänstepension AB | 31 150 000 | 0.76 | |
SIX SIS AG | 26 603 253 | 0.65 | |
JP Morgan SE Luxembourg Branch | 21 455 340 | 0.52 | |
Swedbank Robur Allemansfond Komplett | 20 000 000 | 0.49 | |
Första AP-fonden | 19 881 178 | 0.48 | |
The Bank of New York Mellon | 18 504 263 | 0.45 | |
Swedbank Robur Sverige | 17 700 000 | 0.43 | |
Other holdings (174 094) | 942 386 948 | 22.91 | |
Total | 233 130 360 | 1 782 936 128 | 100.00 |
Source: Euroclear Sweden share register June. 30 2024
Shareholder structure
Prop. of shares | Number of owners | Number of owners (%) | Number A | Number B | Number of shares (%) |
|---|---|---|---|---|---|
1-500 | 123,666 | 71.03 | 15 979 623 | 0.79 | |
501-1,000 | 18,245 | 10.48 | 14 061 001 | 0.70 | |
1,001-2,000 | 12,262 | 7.04 | 18 577 471 | 0.92 | |
2,001-5,000 | 9,892 | 5.68 | 32 256 309 | 1.62 | |
5,001-10,000 | 4,410 | 2.53 | 32 256 309 | 1.60 | |
10,001-20,000 | 2,535 | 1.46 | 37 205 539 | 1.85 | |
20,001-50,000 | 1,696 | 0.97 | 52 916 646 | 2.62 | |
50,001-100,000 | 679 | 0.39 | 46 926 578 | 2.33 | |
100,001-500,000 | 452 | 0.26 | 90 602 000 | 4.49 | |
500,001-1,000,000 | 75 | 0.04 | 54 805 789 | 2.72 | |
1,000,001-5,000,000 | 120 | 0.07 | 1 758 216 | 255 616 951 | 12.77 |
5,000,001-10,000,000 | 24 | 0.01 | 6 879 520 | 162 672 733 | 8.41 |
10,000,001- | 37 | 0.02 | 224 492 624 | 968 699 152 | 59.18 |
Nominee reporting discrepancies | 1 | - 3 960 | |||
Total | 174,094 | 100 | 233 130 360 | 1 782 936 128 | 100.00 |
Source: Euroclear Sweden share register June, 30 2024
Key figures
2023 | 2022 | 2021 | 2020 | 2019 | ||
|---|---|---|---|---|---|---|
Net sales | SEK m | 46,649 | 40,071 | 27,146 | 25,342 | 22,516 |
Growth | % | + 16.4 | + 30.0 | + 7.1 | + 12.5 | + 18.5 |
Operating profit | SEK m | 6,973 | 5,863 | 3,880 | 3,038 | 2,829 |
Profit after net financial items | SEK m | 6,331 | 5,675 | 3,658 | 2,836 | 2,667 |
EBITDA margin | % | 18.9 | 18.6 | 18.8 | 16.1 | 15.6 |
Operating margin | % | 14.9 | 14.6 | 14.3 | 12.0 | 12.6 |
Profit margin | % | 13.6 | 14.2 | 13.5 | 11.2 | 11.8 |
Net investments in non-current assets | SEK m | 13,038 | 3,745 | 3,692 | 2,059 | 2,479 |
Operating cash flow | SEK m | - 22 | 549 | 3,914 | 1,904 | 1,111 |
Available cash and cash equivalents | SEK m | 4,971 | 5,441 | 5,240 | 4,703 | 3,562 |
Working capital, excluding cash and bank balances, in relation to net sales | % | 21.9 | 21.3 | 12.9 | 18.1 | 19.6 |
Equity | SEK m | 30,207 | 27,973 | 17,737 | 17,604 | 15,421 |
Return on equity | % | 17.3 | 18.1 | 16.1 | 13.5 | 14.8 |
Equity/assets ratio | % | 44.4 | 51.8 | 46.3 | 47.3 | 47.8 |
Proportion of risk-bearing capital | % | 47.8 | 54.5 | 49.7 | 50.6 | 51.1 |
Capital employed | SEK m | 52,979 | 39,330 | 28,396 | 28,258 | 24,660 |
Return on capital employed | % | 16.1 | 17.7 | 14.6 | 12.3 | 13.0 |
Return on total capital | % | 12.2 | 12.9 | 10.9 | 9.4 | 10.0 |
Capital turnover ratio | times | 75.5 | 0.82 | 0.72 | 0.73 | 0.75 |
Interest-bearing liabilities/Equity | % | 2.1 | 40.6 | 60.1 | 60.8 | 60.0 |
Net debt/EBITDA | times | 2.1 | 0.9 | 1.1 | 1.6 | 1.7 |
Interest coverage ratio | times | 6.7 | 10.1 | 8.7 | 7.6 | 8.8 |
Average number of employees | no. | 22,462 | 21,333 | 18,740 | 16,994 | 16,569 |
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.