Adding value to brands

Nilörngruppen

Nilörn is one of Europe's leading label and branding companies in the fashion and apparel industry. The company adds value to trademarks through branding and design of labels, packaging etc. Nilörn delivers 1.5+ billion labels per year. In 2017 sales amounted to SEK 680m with an adjusted EBIT margin of 12.7%. The shares are listed on OMX Small Cap since 2018.

Financials

NILÖRNGRUPPEN

SEKm 2017 2018 2019
Sales 680 737 796
Sales growth (%) 11,5 8,3 8
EBITDA 89 94 105
EBITDA margin (%) 13 12,8 13,2
EBIT adj 86 86 97
EBIT adj margin (%) 12,7 11,7 12,2
Pretax profit 82 84 96
EPS rep 5,7 5,71 6,58
EPS growth (%) 15,6 0 15,2
EPS adj 6,03 5,71 6,58
DPS 4 4,3 4,7
EV/EBITDA (x) 9,8 8,6 7,6
EV/EBIT adj (x) 10,1 9,4 8,2
P/E (x) 13,5 12,6 10,9
P/E adj (x) 12,8 12,6 10,9
EV/sales (x) 1,3 1,1 1
FCF yield (%) 4,9 5,5 7,6
Dividend yield (%) 5,2 6 6,5
Net IB debt/EBITDA -0,1 -0,1 -0,2

Main shareholders

Nilörngruppen

Main shareholders Share capital % Voting shares %
Traction 24.5 % 57.0 %
Mawer Investment Management 14.0 % 8.0 %
Montanaro 5.3 % 3.0 %
Nordea Fonder 5.2 % 2.9 %
Avanza Pension 3.3 % 1.9 %
Nordnet Pensionsförsäkring 3.3 % 1.9 %
La Financière de l'Echiquier 2.6 % 1.5 %
Johan Hagberg 1.3 % 0.8 %
Gunvald Berger 1.3 % 0.8 %
Oddo BHF Asset Management 1.3 % 0.7 %