Adding value to brands

NILÖRNGRUPPEN

Nilörngruppen is an international group founded in 1977, which adds brand value through branding and design in the form of labels, packaging and accessories to customers, especially in the fashion and apparel industry. Nilörn strives to increase its competitiveness by offering services covering all design resources and a logistics system that ensures reliable and short delivery times.

Key Figures

NILÖRNGRUPPEN

2017 2018e 2019e
Sales MSEK 680,4 738,9 820,1
Revenue growth 11,5% 8,6% 11,0%
Operating income MSEK 82,4 93,5 105,4
Operating margin 12,1% 12,7% 12,8%
Earnings per share SEK 6,03 6,25 7,14
Dividend per share SEK 4,00 4,40 4,80
Equity MSEK 153,9 182,9 214,1
Solidity 49,2% 51,1% 52,6%
Net debt MSEK -9,2 -24,8 -49,0
No. of shares (m) 11,4 11,4 11,4

Valuation

NILÖRNGRUPPEN

2016 2017 2018e 2019e
Adj. P/E (x) 15,8 12,8 13,0 11,3
P/BV (x) 6,4 5,7 5,0 4,3
EV/S (x) 1,4 1,3 1,2 1,1
EV/EBITDA (x) 11,0 9,4 8,9 7,8
EV/EBIT (x) 11,7 10,1 9,6 8,3
Yield (%) 0,0 0,1 5,4% 5,9%

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