Investors
News
Reports
-
Interim report Q1 2021
Strong start to the year -
Annual report 2020
Publication of NIBE Industrier's Annual Report for 2020
IR Contacts
The NIBE share – Facts and figures
The NIBE share
Analysts
Karl Bokvist | ABG Sundal Collier |
Daniel Petkov | Berenberg |
Gustav Österberg | Carnegie |
Emanuel Jansson | Danske Bank Equity Research |
Viktor Trollsten | DNB Bank Markets |
Jacob Edler | Handelsbanken Capital Markets |
Douglas Lindahl | Kepler Cheuvreux |
Pam Liu | Morgan Stanley |
Carl Ragnestam | Nordea Markets |
Fredrik Agardh | 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 | 164 373 736 | 252 340 388 | 46.09 |
| Schörling/MEXAB Industri AB | 68 756 624 | 118 852 812 | 19.60 |
| State Street Bank and Trust Co | 180 333 269 | 4,38 | |
| Alecta Pensionsförsäkring | 120 716 000 | 2.93 | |
| BNY Mellon NA | 74 090 033 | 1,80 | |
| JPM Chase Bank N A | 56 763 644 | 1,38 | |
| The Northern Trust Company | 48 240 904 | 1,17 | |
| JPM Chase Bank N A | 37 367 488 | 0,91 | |
| CBNY Norges Bank | 26 996 379 | 0,66 | |
| Brown Brothers Harriman & Co | 19 828 237 | 0.48 | |
| Six SIS AG | 18 276 593 | 0.44 | |
| BNY Mellon SA/NV | 17 902 751 | 0.44 | |
| Första AP-fonden | 16 484 724 | 0.40 | |
| Other holdings (68 241) | 794 742 994 | 19.32 | |
| Total | 233 130 360 | 1 782 936 128 | 100.00 |
Source: Euroclear Sweden share register May, 31 2021
Shareholder structure
| Prop. of shares | Number of owners | Number of owners (%) | Number A | Number B | Number of shares (%) |
|---|---|---|---|---|---|
| 1-500 | 43,384 | 63.57 | 5 775 201 | 0.29 | |
| 501-1,000 | 6,827 | 10.00 | 5 079 567 | 0.25 | |
| 1,001-2,000 | 5,602 | 8.21 | 8 563 026 | 0.42 | |
| 2,001-5,000 | 5,005 | 7.33 | 16 800 355 | 0.83 | |
| 5,001-10,000 | 2,748 | 4.03 | 20 018 077 | 0.99 | |
| 10,001-20,000 | 1,906 | 2.79 | 28 579 145 | 1.42 | |
| 20,001-50,000 | 1,370 | 2.01 | 42 597 950 | 2.11 | |
| 50,001-100,000 | 681 | 1.00 | 46 505 938 | 2.31 | |
| 100,001-500,000 | 465 | 0.68 | 95 688 065 | 4.75 | |
| 500,001-1,000,000 | 65 | 0.10 | 48 570 613 | 2.41 | |
| 1,000,001-5,000,000 | 124 | 0.18 | 5 197 976 | 262 109 546 | 13.26 |
| 5,000,001-10,000,000 | 31 | 0.05 | 30 929 760 | 181 034 052 | 10.51 |
| 10,000,001- | 33 | 0.05 | 197 002 624 | 1 021 620 593 | 60.45 |
Nominee reporting discrepancies | 0 | -6 000 | |||
| Total | 68 241 | 100 | 233 130 360 | 1 782 936 128 | 100.00 |
Source: Euroclear Sweden share register May, 31 2021
Key figures
2020 | 2019 | 2018 | 2017 | 2016 | 2015 | ||
|---|---|---|---|---|---|---|---|
| Net sales | SEK million | 27.146 | 25,342 | 22,516 | 19,009 | 15,348 | 13,243 |
| Growth | % | +7.1 | +12.5 | +18.5 | +23.9 | +15.9 | +20.0 |
| Operating profit | SEK million | 3,880 | 3,038 | 2,829 | 2,344 | 1,980 | 1,700 |
| Profit after net financial items | SEK million | 3,658 | 2,836 | 2,667 | 2,182 | 1,871 | 1,614 |
| EBITDA margin | % | 18.8 | 16.1 | 15.6 | 15.7 | 16.4 | 16.5 |
| Operating margin | % | 14.3 | 12.0 | 12.6 | 12.3 | 12.9 | 12.8 |
| Profit margin | % | 13.5 | 11.2 | 11.8 | 11.5 | 12.2 | 12.2 |
| Net investments in non-current assets | SEK million | 3,692 | 2,059 | 2,479 | 2,026 | 5,156 | 531 |
| Operating cash flow | SEK million | 3,914 | 1,904 | 1,111 | 1,587 | 1,359 | 1,555 |
| Available cash and equivalents | SEK million | 5,240 | 4,703 | 3,562 | 3,803 | 2,926 | 2,195 |
| Working capital, excluding cash and bank balances, in relation to net sales | % | 12.9 | 18.1 | 19.6 | 16.3 | 19.6 | 13.0 |
| Equity | SEK million | 17,737 | 17,604 | 15,421 | 12,807 | 12,129 | 7,428 |
| Return on equity | % | 16.1 | 13.5 | 14.8 | 13.7 | 14.9 | 18.0 |
| Equity/assets ratio | % | 46.3 | 47.0 | 47.7 | 45.8 | 46.6 | 39.9 |
| Proportion of risk-bearing capital | % | 49.7 | 50.6 | 51.1 | 49.2 | 50.7 | 44.5 |
| Capital employed | SEK million | 28,396 | 28,258 | 24,660 | 21,783 | 20,665 | 14,710 |
| Return on total employed | % | 14.6 | 12.3 | 13.0 | 11.5 | 11.8 | 12.1 |
| Return on total capital | % | 10.9 | 9.4 | 10.0 | 9.0 | 9.4 | 9.6 |
| Capital turnover ratio | times | 0.72 | 0.73 | 0.75 | 0.70 | 0.69 | 0.72 |
| Interest-bearing liabilities/Equity | % | 60.1 | 60.8 | 60.0 | 70.1 | 70.4 | 98.0 |
| Net debt/EBITDA | times | 1.1 | 1.6 | 1.7 | 1.9 | 2.4 | 2.5 |
| Interest coverage ratio | times | 7.9 | 7.6 | 8.8 | 9.6 | 9.6 | 12.3 |
| Average number of employees | no. | 18,740 | 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.