The Arjo share this year

The Arjo series B share was listed on Nasdaq Stockholm on December 12, 2017 and is included in the Nasdaq Nordic Large Cap segment. The share trend in 2019 was favorable with an increase of 59%. The number of shareholders on December 31, 2019 was 32,555.

Share trend

At year-end, the Arjo share was listed at SEK 45.06, an increase of 59% during the year.

The highest price paid for the Arjo share in 2019 was SEK 46.74 on December 20 and the lowest was SEK 27.60 on January 4, 2019. At year-end, market capitalization amounted to SEK 12.3 billion, compared with SEK 7.7 billion at the end of 2018. The turnover of shares on Nasdaq for the year totaled 108 million.

Share capital and ownership structure

At year-end 2019, share capital in Arjo totaled SEK 90,789,858 distributed among 272,369,573 shares. All shares carry the same dividend entitlement. One series A share carries ten votes and one series B share carries one vote. The principal owner is Carl Bennet AB, holding 25.0% of the capital and 53.2% of the votes at year-end 2019.

Dividend policy

The Arjo Board has adopted a dividend policy entailing that future dividends will be adjusted in line with Arjo’s profit level, financial position and future development potential. The aim is for the dividend to correspond to 30–50% of net profit after tax.

Shareholder information

Financial information about Arjo is available on the Group’s website, www.arjo.com. Questions can also be put directly to Arjo’s investor relations function. Annual reports, interim reports and other information can be requested from the Group’s head office by telephone, from the website or by e-mail.

Analysts that monitor Arjo

Carnegie, Handelsbanken, Nordea, Pareto, SEB Enskilda, Danske Bank, and ABG Sundal Collier.

0.65

Proposed dividend per share, SEK

1.48

Earnings per share, SEK

12.3

Market capitalization, SEK billion

Share capital distribution

Serie A Serie B Total
Serie A Serie B Summa
No. of shares Aktier, st. 18,217,200 254,152,373 272,369,573
No. of votes Röster, st. 182,172,000 254,152,373 436,324,373
% of capital Kapital, % 6.70% 93.30% 100.00%
% of votes Röster, % 41.80% 58.20% 100.00%

Five largest countries – capital, %

x
x
Sweden Sverige 62.70%
USA USA 15.50%
Spain Spanien 4.40%
Finland Finland 3.50%
Norway Norge 3.40%

Share data

2019 2018
2019 2018
Earnings per share after tax Vinst per aktie efter skatt 1.48 1.09
Market price, December 31 Börskurs 31 december 45.06 28.35
Cash flow from operations/share Kassaflöde från den löpande verksamheten/aktie 4.6 3.64
Dividend Utdelning 0.651) 0.55
Dividend yield, % Direktavkastning, % 1.4 1.9
Price/earnings ratio P/E tal 30.4 26
Equity per share Eget kapital per aktie 21.7 19.9
Average number of shares (million) Genomsnittligt antal aktier (milj st) 272.4 272.4
Number of shares, December 31 (million) Antal aktier, 31 december (milj st) 272.4 272.4

Ownership by category – capital, %

x
x
Swedish owners Svenska ägare 62.70%
of whom, varav
private individual privatpersoner 10.10%
institutions institutioner 10.90%
mutual funds fondbolag 14.90%
other övriga 26.80%
Foreign owners Utländska ägare 37.30%
of whom, varav
institutions institutioner 8.90%
mutual funds fondbolag 27.80%
other övriga 0.60%

Arjo’s largest owners at December 31, 2019

Series A shares Series B shares Capital, % Votes, %
A-aktier B-aktier Kapital, % Röster, %
Carl Bennet Carl Bennet 18,217,200 49,902,430 25.00% 53.20%
Fourth Swedish National Pension Fund Fjärde AP-fonden 20,201,475 7.40% 4.60%
Swedbank Robur funds Swedbank Robur Fonder 15,746,781 5.80% 3.60%
Bestinver Gestión SGIIC Bestinver Gestión SGIIC 11,892,324 4.40% 2.70%
Vanguard Vanguard 8,910,855 3.30% 2.00%
Nordea funds Nordea Fonder 8,702,348 3.20% 2.00%
Norges Bank Norges Bank 5,695,214 2.10% 1.30%
BlackRock BlackRock 5,203,681 1.90% 1.20%
Dimensional Fund Advisors Dimensional Fund Advisors 5,196,520 1.90% 1.20%
AMF Insurance and Pension AMF Försäkring & Fonder 4,259,333 1.60% 1.00%

Ownership structure 2019 (based on no. of votes)

Shares Capital, % Votes, % Shareholders Shareholders, %
Storleksklass, antal aktier Kapital, % Röster, % Ägare Ägare, %
1 – 1.000 1 – 1,000 2.40% 1.50% 26,508 81.40%
1.001 – 5.000 1,001 – 5,000 3.70% 2.30% 4,925 15.10%
5.001 – 20.000 5,001 – 20,000 2.70% 1.70% 794 2.40%
20.001 – 100.000 20,001 – 100,000 3.20% 2.00% 196 0.60%
100.001 – 500.000 100,001 – 500,000 6.70% 4.20% 76 0.20%
500.001 – 5.000.000 500,001 – 5,000,000 21.30% 13.30% 47 0.10%
5.000.001 – 20.000.000 5,000,001 – 20,000,000 22.50% 14.10% 7 0.00%
20.000.001 – 20,000,001 – 32.40% 57.80% 2 0.00%
Anonymous ownership Anonymt ägande 4.80% 3.00% n/a n/a
Total Totalt 100.00% 100.00% 32,555 100.00%