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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

Fredrik Moregard

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

245 491 250

45.92

Schörling/MEXAB Industri AB

68 756 624

63 313 990

18.68

State Street Bank and Trust Co


151 345 725

3,68

Alecta Pensionsförsäkring


116 672 000

2.84

JP Morgan Chase Bank N A


116 488 371

2,83

BNY Mellon NA


52 784 934

1,28

Northern Trust Company


40 297 257

0,98

Clearstream Banking S A


27 610 277

0,67

Brown Brothers Harriman & Co


26 890 618

0,65

SIX SIS AG


26 508 042

0.64

JP Morgan SE Luxembourg B


25 688 325

0.62

AMF Tjänstepension AB


22 500 000

0.55

CBNY Norges Bank


20 763 457

0.50

Other holdings (119 945)


829 313 782

20.16

Total

233 130 360

1 782 936 128

100.00

Source: Euroclear Sweden share register July, 29 2022

Shareholder structure

Prop. of shares

Number

of owners

Number

of owners

(%)

Number
of shares

A

Number
of shares

B

Number

of shares

(%)

1-500

88,644

73.87


10 398 342

0.25

501-1,000

10,511

8.76


7 988 093

0.19

1,001-2,000

7,141

5.95


10 813 135

0.26

2,001-5,000

6,083

5.07


20 217 465

0.49

5,001-10,000

2,948

2.46


21 531 251

0.52

10,001-20,000

1,914

1.60


28 478 969

0.69

20,001-50,000

1,404

1.17


43 802 262

1.06

50,001-100,000

655

0.55


44 520 160

1.08

100,001-500,000

443

0.37


89 925 170

2.19

500,001-1,000,000

71

0.06


51 990 647

1.26

1,000,001-5,000,000

114

0.10

5 197 976

231 384 138

6.89

5,000,001-10,000,000

30

0.03

30 929 760

177 154 972

11.82

10,000,001-

37

0.03

197 002 624

1 044 371 524

73.28

Total

119,995

100

233 130 360

1 782 936 128

100.00

Source: Euroclear Sweden share register July, 29 2022

Key figures




2021

2020

2019

2018

2017

Net salesSEK million

30,832

27,146

25,342

22,516

19,009

Growth%

+13.6

+7.1

+12.5

+18.5

+23.9

Operating profitSEK million

4,438

3,880

3,038

2,829

2,344

Profit after net financial itemsSEK million

4,318

3,658

2,836

2,667

2,182

EBITDA margin%

18.6

18.8

16.1

15.6

15.7

Operating margin%

14.4

14.3

12.0

12.6

12.3

Profit margin
%

13,9

13.5

11.2

11.8

11.5

Net investments in non-current assetsSEK million

1,790

3,692

2,059

2,479

2,026

Operating cash flowSEK million

2,020

3,914

1,904

1,111

1,587

Available cash and equivalentsSEK million

5,208

5,240

4,703

3,562

3,803

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

17.4

12.9

18.1

19.6

16.3

EquitySEK million

21,657

17,737

17,604

15,421

12,807

Return on equity
%

17.3

16.1

13.5

14.8

13.7

Equity/assets ratio%

49.9

46.3

47.0

47.7

45.8

Proportion of risk-bearing capital%

53.1

49.7

50.6

51.1

49.2

Capital employedSEK million

31,977

28,396

28,258

24,660

21,783

Return on total employed%

15.2

14.6

12.3

13.0

11.5

Return on total capital%

11.2

10.9

9.4

10.0

9.0

Capital turnover ratiotimes

0.75

0.72

0.73

9.0

0.70

Interest-bearing liabilities/Equity%

47.7

60.1

60.8

60.0

70.1

Net debt/EBITDAtimes

1.0

1.1

1.6

1.7

1.9

Interest coverage ratiotimes

16.6

7.9

7.6

8.8

9.6

Average number of employeesno.

20,433

18,740

16,994

16,569

14,271

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.