Investors
News
-
Press release
Notice of Extraordinary General Meeting concerning dividend for 2019 -
Press release
NIBE proposes a dividend of SEK 1.40 per share
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 | 63 376 577 | 46.11 |
| Melker Schörling | 17 189 156 | 30 108 203 | 19.60 |
| State Street Bank and Trust Co | 45 854 243 | 4,46 | |
| Alecta Pensionsförsäkring | 30 179 000 | 2.93 | |
| BNY Mellon NA | 17 501 176 | 1,70 | |
| JPM Chase Bank N A | 13 674 606 | 1,33 | |
| JPM Chase Bank N A | 9 210 201 | 0,90 | |
| CBNY Norges Bank | 5 930 360 | 0,58 | |
| Brown Brothers Harriman & Co | 5 000 617 | 0,49 | |
| Six SIS AG | 4 703 910 | 0.46 | |
| BNY Mellon SA/NV | 4 619 839 | 0.45 | |
| BNP Paribas SEC Services Paris | 4 167 616 | 0.41 | |
| Första AP Fonden | 3 546 356 | 0.34 | |
| Other holdings (56,382) | 207 861 328 | 20.21 | |
| Total | 504 016 622 | 100.00 |
Source: Euroclear Sweden share register October, 30 2020
Shareholder structure
| Prop. of shares | Number of owners | Number of owners (%) | Number A | Number B | Number of shares (%) |
|---|---|---|---|---|---|
| 1-500 | 44 116 | 78.24 | 4 323 607 | 0.82 | |
| 501-1,000 | 3 983 | 7.06 | 3 144 231 | 0.62 | |
| 1,001-2,000 | 2 803 | 4.97 | 4 281 432 | 0.84 | |
| 2,001-5,000 | 2 630 | 4.66 | 8 869 791 | 1.75 | |
| 5,001-10,000 | 1 177 | 2.09 | 8 491 870 | 1.67 | |
| 10,001-20,000 | 771 | 1.37 | 11 162 062 | 2.26 | |
| 20,001-50,000 | 440 | 0.78 | 13 559 105 | 2.80 | |
| 50,001-100,000 | 155 | 0.27 | 10 911 240 | 2.06 | |
| 100,001-500,000 | 189 | 0.34 | 439 554 | 43 987 813 | 8.68 |
| 500,001-1,000,000 | 43 | 0.08 | 859 940 | 29 946 347 | 5.71 |
| 1,000,001-5,000,000 | 60 | 0.11 | 19 163 926 | 110 638 170 | 26.72 |
| 5,000,001-10,000,000 | 8 | 0,01 | 20 630 014 | 36 070 838 | 8.35 |
| 10,000,001- | 7 | 0.01 | 17 189 156 | 160 347 526 | 37.71 |
| Total | 56 382 | 100 | 58 282 590 | 445 734 032 | 100.00 |
Source: Euroclear Sweden share register October, 30 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.