Listed since 1987
The VBG Group’s Series B share is traded on Nasdaq Stockholm Mid Cap under the ticker VBG B. The Series A shares, which represent 52 per cent of the votes in the VBG Group, are held by three foundations: the Herman Krefting Foundation for Allergy and Asthma Research, the SLK Employees’ Foundation and the VBG-SLK Foundation.
Dividend and dividend policy
Since the company’s initial listing on the stock exchange in 1987, and including the dividend of SEK 5.00 (4.50) proposed by the Board to the 2022 Annual General Meeting, the company has paid an average dividend amounting to 32.4% of the net profit. However, the canceled dividend for 2019 (as a result of the pandemic) had a negative impact. Disregarding 2019, the company has disbursed an average of 36.6% of net profits. If 2019 is excluded, the latest ten-year average is 40.2%.
In March 2012, the Board of Directors adopted a policy stipulating 30 per cent as the level of the dividend the shareholders can expect under normal circumstances. With a suspended dividend for 2020, a strong financial position and stable cash flows as a basis, SEK 112.5 M (or SEK 4.50 per share) was distributed in 2021, equivalent to 37,1%.
Share data
Per share data
| 2021 | 2020 | 2019 | 2018 | 2017 | |
| Earnings, SEK | 13,48 | 9.07 | 11.98 | 10.92 | 9.62 |
| Dividend, SEK | 5,00* | 4,50* | 0,00*** | 4.50 | 3.25 |
| Share price, SEK | 188,00 | 154.50 | 157.50 | 126.80 | 132.00 |
| Share price adjusted, SEK (as regards new share issue) | 188,00 | 154.50 | 157.50 | 126.80 | 132.00 |
| P/E ratio | 13,95 | 17.0 | 13.1 | 11.6 | 13.7 |
| Equity, SEK | 111,7 | 100 | 97.09 | 89.04 | 80.18 |
| Cash flow from operating activities, SEK | 1,48 | 17.85 | 17.55 | 10.14 | 10.63 |
| Dividend yield, % | 2,66 | 2.91 | 3.17 | 3.55 | 2.46 |
| Total number of outstanding shares (thousands) | 25004 | 25,004 | 25,004 | 25,004 | 25,004 |
| Average number of outstanding shares (thousands) | 25004 | 25,004 | 25,004 | 25,004 | 22,920 |
*Proposed dividend per share.
**Dividend per share based on doubling of the number of outstanding shares o 25,004,048 after the new share issue in February 2017.
***Proposed dividend for 2019 earnings, SEK 5.00, withdrawn at the 2020 Annual General Meeting.