Volvo 2003 Annual Report Download - page 92

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90
Eleven-year summary
Other share data
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003
Number of shareholders at year-end 147,300 182,700 206,700 176,800 225,500 210,600 238,000 230,000 214,000 211,000 208,500
Number of Series A shares outstanding
at year-end, millions 25.3 142.2 142.2 142.2 138.6 138.6 138.6 124.7 131.7 131.7 131.7
Number of Series B shares outstanding
at year-end, millions 52.3 301.9 321.4 321.4 302.9 302.9 302.9 272.6 287.8 287.8 287.8
Average number of outstanding shares, millions 415.9 458.9 463.6 452.5 441.5 441.5 421.7 422.4 419.4 419.4
Number of Series A shares traded in
Stockholm during the year, millions 32.8 54.1 23.2 23.7 23.7 34.5 27.0 42.4 40.3 27.3 31.4
Number of Series B shares traded in
Stockholm during the year, millions 465.5 363.3 363.3 316.4 362.7 371.3 479.6 391.2 344.4 349.4 404.8
Number of A and B shares traded in
London during the year, millions 150.7 287.5 232.8 301.0 260.8 425.5 215.8 143.0 169.0 60.8 95.5
Number of shares traded in
ADR, NASDAQ during the year, millions 11.5 19.0 73.5 83.0 51.8 50.5 54.9 16.0 15.0 11.0 10.4
1Effective in 1997, adjustment was made to conform with the Swedish
Financial Accounting Standard Council’s recommendation, RR9, Income
Taxes. Income per share is calculated as net income divided by average
number of shares outstanding.
2 Dividend in SEK per share divided by share price at year-end.
3 Share price at year-end, including dividend paid during the year, divided by
share price at beginning of the year, including redemption 1997 and distribu-
tion of one share of Swedish Match 1996.
4 Share price at year-end divided by income per share.
5Market value at year-end minus net financial position and minority interests
divided by operating income excluding restructuring costs and write-down of
shares.
6Dividend divided by income per share.
7Shareholders’ equity divided by number of shares outstanding at year-end.
8Plus one share of Swedish Match per Volvo share, price of SEK 21.74
(weighted average first ten trading days following listing).
9Proposed by the Board of Directors. In addition, two shares in Ainax per 31
Volvo shares.
VOLVO SHA RE STATISTICS
Distribution of shares, December 31, 2003
Number of % of Share of
Volvo shareholders 1holding shareholders total votes 2capital, % 2
1–1,000 shares 196,954 6.3 7.1
1,001–10,000 shares 10,542 4.5 5.8
10,001–100,000 shares 772 3.4 5.0
100,001– 272 85.8 82.1
Total 208,540 100 100
The largest shareholders in AB Volvo, December 31, 2003 1
Number % of Share
of shares total votes 2capital, % 2
Renault 88,304,177 20.0 20.0
Franklin-Templeton funds 26,049,296 1.5 5.9
Capital Group funds 11,472,150 0.7 2.6
Robur fonder (savings funds) 11,166,411 4.6 2.5
SHB 8,155,195 4.8 1.8
Alecta 7,710,940 3.7 1.7
Second Swedish National
Pension Fund 7,667,863 3.3 1.7
Fourth Swedish National
Pension Fund 7,484,795 2.3 1.7
SEB fonder (savings funds) 6,682,957 2.4 1.5
SHB/ SPP fonder 6,600,046 1.1 1.5
Total 181,293,830 44.4 41.1
Data per share (adjusted for issues and splits) 1
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003
Income, SEK 1(8.90) 31.80 20.20 26.90 23.20 19.10 73.00 11.20 (3.50) 3.30 0.70
Cash dividend, SEK 1.55 3.40 4.00 84.30 5.00 6.00 7.00 8.00 8.00 8.00 8.00 9
Share price at year-end, SEK (B share) 108 140 136 151 213 186 220 156.50 176 142 220
Direct return, % (B share) 21.4 2.4 2.9 2.9 2.3 3.2 3.2 5.1 4.5 5.6 3.6
Effective return, % (B share) 360 32 0 30 46 (10) 22 (23) 17.6 (14.8) 60.6
Price/ earnings ratio (B share) 4neg 47699314neg43310
EBIT multiple 536 7 7 16 9 11 1010252314
Payout ratio, % 6neg 11 20 16 22 31 10 71 neg 242 1,143
Shareholders’ equity, SEK 770 98 110 125 140 157 221 222 203 187 173
Return on shareholders’ equity neg 36.5 19.3 23.7 17.2 13.0 34.9 5.0 neg 1.7 0.4
1 Following the repurchase of own shares, AB Volvo held 5% of the Company's
shares on Dec 31, 2003.
2 Based on all registered shares.