Investors


Press release

Year-end report, 2023

NIBE rapport 2016

IR Contacts

Gerteric

Gerteric Lindquist

CEO and MD

Tel: +46 433-27 30 76
[email protected]

Hans Backman

Hans Backman

CFO

Tel: +46 433-27 34 69
[email protected] 

Christel Fritiofsson

Christel Fritiofsson

IR contact

Tel: +46 433-27 30 78
[email protected]


The NIBE share – Facts and figures

The NIBE share


Analysts

Karl Bokvist

ABG Sundal Collier

Philip Buller

Berenberg

Gustav Österberg

Carnegie

Viktor Trollsten

Danske Bank Equity Research

Douglas Lindahl

DNB Bank Markets

Anna Lindholm Widström

Handelsbanken Capital Markets

Johan Sjöberg

Kepler Cheuvreux

Pam Liu

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

244 963 777

45.91

Schörling/MEXAB Industri AB

68 756 624

63 313 990

18.68

State Street Bank and Trust Co


160 363 449

3.90

Alecta Pensionsförsäkring


115 672 000

2.81

JP Morgan Chase Bank N A


109 224 046

2.65

BNY Mellon NA


42 691 322

1.04

Northern Trust Company


35 372 407

0.86

CBNY Norges Bank


29 398 293

0.71

Clearstream Banking S A


28 114 421

0.68

AMF Tjänstepension AB


27 500 000

0.67

SIX SIS AG


26 362 253

0.64

Brown Brothers Harriman & CoA


22 753 994

0.55

Första AP-fonden


22 037 468

0.54

Other holdings (125 981)


837 900 608

20.37

Total

233 130 360

1 782 936 128

100.00

Source: Euroclear Sweden share register

Shareholder structure

Prop. of shares

Number

of owners

Number

of owners

(%)

Number
of shares

A

Number
of shares

B

Number

of shares

(%)

1-500

93,764

74.43


10 928 590

0.27

501-1,000

10,827

8.59


8 229 042

0.20

1,001-2,000

7,364

5.85


11 136 139

0.27

2,001-5,000

6,333

5.03


20 980 101

0.51

5,001-10,000

2,985

2.37


21 814 083

0.53

10,001-20,000

1,937

1.54


28 610 888

0.70

20,001-50,000

1,439

1.14


44 478 997

1.08

50,001-100,000

641

0.51


43 915 981

1.07

100,001-500,000

437

0.35


88 241 487

2.14

500,001-1,000,000

70

0.06


50 462 819

1.23

1,000,001-5,000,000

115

0.09

5 197 976

233 515 104

6.94

5,000,001-10,000,000

33

0.03

30 929 760

200 448 793

12.39

10,000,001-

36

0.03

197 002 624

1 020 174 104

72.68

Total

125,981

100

233 130 360

1 782 936 128

100.00

Source: Euroclear Sweden share register

Key figures




2022

2021

2020

2019

2018

Net sales

SEK m

40,071

30,832

27,146

25,342

22,516

Growth

%

+ 30.0

+ 13.6

+ 7.1

+ 12.5

+ 18.5

Operating profit

SEK m

5,863

4,468

3,880

3,038

2,829

Operating profit, excluding acquisition-related revaluations

SEK m

5,896

4,438

3,527

3,038

2,794

Profit after net financial items

SEK m

5,675

4,318

3,658

2,836

2,667

Profit after net financial items, excluding acquisition-related revaluations

SEK m

5,708

4,288

3,305

2,836

2,632

EBITDA margin

%

18.6

18.7

18.8

16.1

15.6

EBITDA margin, excluding acquisition-related revaluations*

%

18.7

18.6

17.5

16.1

15.5

Operating margin

%

14.6

14.5

14.3

12.0

12.6

Operating margin, excluding acquisition-related revaluations*

%

14.7

14.4

13.0

12.0

12.4

Profit margin

%

14.2

14.0

13.5

11.2

11.8

Profit margin, excluding acquisition-related revaluations*

%

14.2

13.9

12.2

11.2

11.7

Net investments in non-current assets*

SEK m

3,745

1,790

3,692

2,059

2,479

Operating cash flow

SEK m

549

2,020

3,914

1,904

1,111

Available cash and cash equivalents*

SEK m

5,441

5,208

5,240

4,703

3,562

Working capital, excluding cash and bank balances, in relation to net sales*                  


%

21.3

17.4

12.9

18.1

19.6

Equity

SEK m

27,973

21,657

17,737

17,604

15,421

Return on equity*

%

18.1

17.3

16.1

13.5

14.8

Return on equity, excluding acquisition-related revaluations*

%

18.2

17.2

14.5

13.5

14.6

Equity/assets ratio

%

51.8

49.9

46.3

47.3

47.8

Proportion of risk-bearing capital

%

54.5

53.1

49.7

50.6

51.1

Capital employed

SEK m

39,330

31,977

28,396

28,258

24,660

Return on capital employed*

%

17.7

15.2

14.6

12.3

13.0

Return on capital employed, excluding acquisition-related revaluations*

%

17.8

15.1

13.4

12.3

12.8

Return on total capital*

%

12.9

11.2

10.9

9.4

10.0

Return on total capital, excluding acquisition-related revaluations*

%

13.0

11.2

10.0

9.4

9.9

Capital turnover ratio

times

0.82

0.75

0.72

0.73

0.75

Interest-bearing liabilities/Equity 

%

40.6

47.7

60.1

60.8

60.0

Net debt/EBITDA*

times

0.9

1.0

1.1

1.6

1.7

Net debt/EBITDA, excluding acquisition-related revaluations*

times

0.9

1.0

1.2

1.6

1.7

Interest coverage ratio*

times

10.1

16.6

8.7

7.6

8.8

Interest coverage ratio, excluding acquisition-related revaluations*

times

10.1

16.5

7.9

7.6

8.7

Average number of employees

no.

21,333

20,455

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.