Electrolux 2000 Annual Report Download - page 67

ELECTROLUX ANNUAL REPORT 2000 65
1) The figures for 1991–1997 have been adjusted for the
5:1 stock split in 1998.
2) Last price paid for B-shares.
3) Proposed by the Board.
4) Plus 1/2 share in Gränges for every Electrolux share.
5) As % of net income.
6) Dividend per share divided by trading price at year-end.
7) Excluding items affecting comparability.
8) Market capitalization plus net borrowings and minority interests, divided
by operating income.
9) Trading price in relation to net income per share after full dilution.
Trading volume of Electrolux shares
(Thousands) 2000 1999 1998 1997 1996
Stockholm, A- and B-shares
(ELUXa and ELUXb) 390,573 277,636 268,920 297,577 234,300
London, B-shares
(ELXB) 291,006 246,860 452,749 706,370 247,270
NASDAQ, ADRs
(ELUX) 6,414 5,711 7,246 14,315 5,953
JP Morgan, Morgan Guarantee Trust Company, is the depository bank for ADRs.
Average daily trading volume of Electrolux shares on
the OM Stockholm Exchange, in thousands of kronor
2000 1999 1998 1997 1996
A-shares 80 77 89 17 27
B-shares 226,324 180,120 136,353 130,378 64,441
Total 226,404 180,197 136,442 130,395 64,468
USA 26%Sweden 58%
UK 7%
Other 9%
Source: SIS Ägarservice
As of December 31, 2000, 42% of the total share
capital was owned by foreign investors.
Shareholders by country
94 95 96 97 98 99 0091 92 93
Dividend, SEK
Share of equity, %
0.00
1.00
2.00
3.00
4.00
5.00
6.00 %
SEK
0
1
2
3
4
5
6
The Board of Directors proposes an increase of the
dividend to SEK 4.00 per share for 2000.
Dividend per share
Per-share data 1991–20001) 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991
Year-end trading price, SEK2) 122.50 214.00 139.50 110.20 79.20 54.50 75.40 56.80 47.60 43.60
Highest trading price, B-shares, SEK 230.00 222.00 161.00 139.80 85.40 77.40 87.80 62.60 57.80 58.00
Lowest trading price, B-shares, SEK 110.00 118.00 87.50 77.70 54.30 50.80 56.40 38.60 28.40 30.80
Change in price during the year, % –43 53 27 39 45 –28 33 19 9 36
Equity, SEK 77 70 67 56 61 58 56 46 46 43
Trading price/equity, % 159 304 209 196 129 94 135 123 104 101
Dividend, SEK 4.003) 3.50 3.00 2.50 2.504) 2.50 2.50 1.25 1.25 2.50
Dividend, %5) 30.27) 30.57) 34.07) 51.47) 49.4 33.3 41.7 78.1 250.0 240.0
Dividend yield, %6) 3.3 1.6 2.2 2.3 3.2 4.6 3.3 2.2 2.6 5.7
Net income, SEK 13.257) 11.457) 8.857) 4.857) 5.05 7.50 6.007) 1.60 0.50 1.05
EBIT multiple8) 8.1 12.9 10.0 4.6 2.2 1.4 1.8 3.2 4.2 3.0
EBIT multiple7)8) 7.7 12.5 11.5 2.6
P/E ratio9) 9.2 18.7 15.8 22.7 15.7 7.3 12.6 35.5 95.2 41.9
Number of shareholders 61,400 52,600 50,500 45,660 48,300 54,600 55,400 65,700 68,100 70,000
Number Number Total Share Voting
of A- of B- number of capital, rights,
Major shareholders in AB Electrolux shares shares shares % %
Fourth Swedish National Pension Fund – 23,592,000 23,592,000 6.4 5.5
Investor 9,182,390 10,430,800 19,613,190 5.4 23.7
Robur investment funds – 16,507,300 16,507,300 4.5 3.8
Alecta incl. SPP Liv – 11,469,962 11,469,962 3.1 2.7
Nordea investment funds – 9,793,400 9,793,400 2.7 2.3
Skandia 139,210 6,821,620 6,960,830 1.9 1.9
SEB investment funds – 4,983,695 4,983,695 1.4 1.2
SHB investment funds – 3,945,382 3,945,382 1.1 0.9
AFA Insurance – 3,517,160 3,517,160 1.0 0.8
Other shareholders 678,400 240,073,261 240,751,661 65.7 57.3
External shareholders 10,000,000 331,134,580 341,134,580 93.2 100.0
AB Electrolux – 25,035,000 25,035,000 6.8 0
Total 10,000,000 356,169,580 366,169,580 100.0 100.0
As of December 31, 2000, 42% of the total share capital was owned by foreign investors, 51% by Swedish
institutions and mutual funds, and 7% by private Swedish investors. Most of the shares owned by foreign
investors are registered through trustees, so that the actual shareholders are not officially registered.