About Industrivärdens shares

Industrivärden’s Class A and Class C shares are quoted on NASDAQ OMX Nordic, Stockholm (the Stockholm Stock Exchange) and are presented on the Nordic list.

Industrivärden´s stock listed in the large cap segment, consisting of companies with a market capitalization in excess of EUR 1 billion.
Each A-share carries entitlement to one vote, and each C-share entitlement to one-tenth ot a vote. All shares carry equal entitlement to a share of the Company´s assets and profits.

Performance of Industrivärden’s stock in 2012


During the last 10-year period, the total return including reinvested dividends was 234%, or 13% yearly for the Class A shares and 268%, or 14% yearly for the Class C shares. During the same period, the Stockholm Stock Exchange as a whole gained 227%, or 13% yearly. In 2012 the total return was 33% for the Class A shares and 37% for the Class C shares, compared with 16% for the Stockholm Stock Exchange as a whole.

Trading volume of Industrivärden shares on the Stockholm Stock Exchange in 2012 was SEK 10 billion (19), corresponding to a turnover rate of 16% (13%) for the Class A shares and 65% (89%) for the Class C shares. Average daily trading volume was 120,000 Class A shares and 303,000 Class C shares.

Industrivärden’s Stock as per March 31, 2013

  Number of shares Capital stock,     SEK M  votes % shares    %

Class A shares

268,530,640

 671,4

96

70

Class C shares

117,754,172

294,3 

4

30

Total

386,284,812

965,7 

100

100

 

Industivärden's stock and shareholders

 
Industrivärden’s Class A and Class C shares are listed on the Stockholm Stock Exchange. Industrivärden’s stock is listed in the large cap segment, consisting of companies with a market capitalization in excess of EUR 1 billion. Industrivärden has 48,000 shareholders (49,000). Foreign ownership in the Company is 12% (12%).

Each A-share carries entitlement to one vote, and each C-share carries entitlement to 1/10 of a vote. All shares carry equal entitlement to the Company’s assets and earnings.

Conversion to Class A and Class C shares


At the 2011 Annual General Meeting, a share conversion clause was added to Industrivärden’s articles of association. Shareholders have the right at any time to convert Class A shares to Class C shares. Conversion forms are available on Industrivärden’s website under the “Share data” menu. No Class A shares were converted to Class C shares in 2012.

Conversion to Class C shares


The issues of convertible bonds that were carried out in 2010 and 2011 may increase the number of underlying shares by 76 million new Class C shares upon full conversion. No conversions took place in 2012.

Industrivärden's performance

Equities portfolio

2012

2011

- market value as per December 31, SEK M

68,077

56,903

- total return

22%

-23%

Borrowing    

- interest-bearing net debt as per December 31, SEK M
                                  of which, convertible loans 

18,248
8,418

16,780
8,555

- debt-equities ratio before full conversion

26.8%

29.5%

- debt-equities ratio after full conversion

14.4%

14.5% 

- average interest expense

3.3%

3.5%

Net asset value as per December 31, SEK M

49,829

40,123

Net asset value as per December 31, SEK/share

129

104

- Change

29%

-28%

Management cost

0.18%

0.18%

Dividend, SEK/share

5.00

4.50

Dividend yield, Class A shares

4.5%

5.2%

Dividend yield, Class C shares

4.6%

5.5%

Total return, Class A shares

33%

-25%

Total return, Class C shares

37%

-28%

Total return index

16%

-14%