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% |