Investors
News
-
3/10/2020 7:01 PM
Press release
NIBE acquires German heat pump manufacturer WATERKOTTE GmbH -
2/11/2020 7:46 PM
Press release
NIBE acquires Dutch company Nathan Holding B.V.
Reports
-
2/13/2020 8:02 AM
Year-end report 2019
A robust full year in a diverse market -
12/4/2019 9:32 AM
Interim report 3 2019, Q3
Continued stable performance in a cautious market
IR Contacts
The NIBE share – Facts and figures
The NIBE share
Analysts
Karl Bokvist | ABG Sundal Collier |
Johan Wettergren | Carnegie |
Johan Sjöberg | Danske Bank Equity Research |
Olof Larshammar | 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 shares | Share votes, % | |
|---|---|---|
| Current and former boardmembers and senior executives | 105 900 386 | 46.37 |
| Melker Schörling | 54 927 359 | 20.24 |
| State Street Bank and Trust Co | 39 826 389 | 3,86 |
| Alecta Pensionsförsäkring | 32 125 000 | 3.12 |
| JP Morgan Chase Bank N AB | 16 061 073 | 1.56 |
| BNY Mellon NA | 14 553 565 | 1.41 |
| Didner & Gerge Aktiefond | 9 156 155 | 0.89 |
| JPM Chase NA | 8 425 472 | 0.82 |
| CBNY Norges Bank | 6 089 374 | 0.59 |
| BNP Paribas SEC Services Paris | 5 095 597 | 0.49 |
| Six SIS AG | 4 731 348 | 0.46 |
| Brown Brothers Harriman & Co | 4 299 642 | 0.42 |
| Fjärde AP Fonden | 3 722 649 | 0.36 |
| Other holdings (51,722) | 199 102 613 | 19.32 |
| Total | 504 016 622 | 100.00 |
Source: Euroclear Sweden share register 31 December 2019
Shareholder structure
| Prop. of shares | Number of owners | Number of owners (%) | Number of shares | Number of shares (%) |
|---|---|---|---|---|
| 1-500 | 38 433 | 74.31 | 4 344 928 | 0.86 |
| 501-1,000 | 4 443 | 8.59 | 3 541 810 | 0.70 |
| 1,001-2,000 | 3 064 | 5.92 | 4 671 047 | 0.93 |
| 2,001-5,000 | 2 806 | 5.43 | 9 502 502 | 1.89 |
| 5,001-10,000 | 1 243 | 2.40 | 8 967 301 | 1.78 |
| 10,001-20,000 | 840 | 1.62 | 12 194 008 | 2.42 |
| 20,001-50,000 | 463 | 0.90 | 14 395 517 | 2.86 |
| 50,001-100,000 | 156 | 0.30 | 10 631 674 | 2.11 |
| 100,001-500,000 | 162 | 0.31 | 37 359 722 | 7.41 |
| 500,001-1,000,000 | 35 | 0.07 | 24 233 320 | 4.81 |
| 1,000,001-5,000,000 | 60 | 0.12 | 127 252 913 | 25.25 |
| 5,000,001-10,000,000 | 8 | 0,02 | 56 208 612 | 11.15 |
| 10,000,001- | 8 | 0.02 | 190 723 684 | 37.84 |
Number of managers with diff | 1 | 10 416 | ||
| Total | 51 722 | 100 | 504 016 622 | 100.00 |
Source: Euroclear Sweden share register 31 December 2019
Key figures
| 2018 | 2017 | 2016 | 2015 | 2014 | ||
|---|---|---|---|---|---|---|
| Net sales | SEK million | 22,516 | 19,009 | 15,348 | 13,243 | 11,033 |
| Growth | % | +18.5 | +23.9 | +15.9 | +20.0 | +12.2 |
| Operating profit | SEK million | 2,829 | 2,344 | 1,980 | 1,700 | 1,385 |
| Profit after net financial items | SEK million | 2,667 | 2,182 | 1,871 | 1,614 | 1,292 |
| EBITDA margin | % | 15.6 | 15.7 | 16.4 | 16.5 | 16.2 |
| Operating margin | % | 12.6 | 12.3 | 12.9 | 12.8 | 12.6 |
| Profit margin | % | 11.8 | 11.5 | 12.2 | 12.2 | 11.7 |
| Net investments in non-current assets | SEK million | 2,479 | 2,026 | 5,156 | 531 | 3,098 |
| Operating cash flow | SEK million | 1,111 | 1,587 | 1,359 | 1,555 | 1,096 |
| Available cash and equivalents | SEK million | 3,562 | 3,803 | 2,926 | 2,195 | 2,735 |
| Working capital, excluding cash and bank balances, in relation to net sales | % | 19.6 | 16.3 | 19.6 | 13.0 | 19.1 |
| Equity | SEK million | 15,421 | 12,807 | 12,129 | 7,428 | 6,560 |
| Return on equity | % | 14.8 | 13.7 | 14.9 | 18.0 | 16.6 |
| Equity/assets ratio | % | 47.7 | 45.8 | 46.6 | 39.9 | 36.2 |
| Proportion of risk-bearing capital | % | 51.1 | 49.2 | 50.7 | 44.5 | 40.8 |
| Capital employed | SEK million | 24,660 | 21,783 | 20,665 | 14,710 | 14,411 |
| Return on total employed | % | 13.0 | 11.5 | 11.8 | 12.1 | 12.1 |
| Return on total capital | % | 10.0 | 9.0 | 9.4 | 9.6 | 9.6 |
| Capital turnover ratio | times | 0.75 | 0.70 | 0.69 | 0.72 | 0.71 |
| Interest-bearing liabilities/Equity | % | 60.0 | 70.1 | 70.4 | 98.0 | 119.7 |
| Net debt/EBITDA | times | 1.7 | 1.9 | 2.4 | 2.5 | 3.3 |
| Interest coverage ratio | times | 8.8 | 9.6 | 9.6 | 12.3 | 7.6 |
| Average number of employees | no. | 16,569 | 14,271 | 11,869 | 10,545 | 9,726 |
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.