Pilzen
Pavel Hort is a design engineer in the power generating industry. "The best thing about my job is the opportunities I get to work on different projects all over the world. You learn something new every day. The best thing about ÅF is the huge variety of interesting projects and all the career opportunities the company offers."
- FACTS
- ÅF rewarded for its work with Investor Relations
- Stock market and financial analyst with Nordea
- TABLES
- Historical development of share capital
- Shareholders in Sweden and abroad
- Shareholder categories
- Size of shareholding
- The ten largest owners on 31 December 2009
- Key ratios per share (SEK), before dilution
- GRAPHS
- Annual turnover in ÅF class B shares (in millions of SEK)
- Total yield - 5 years
- ÅF share - 5-year trend
- Print chapter
ÅF shares
ÅF’s class B shares have been quoted on the Stockholm Stock Exchange since January 1986. Prior to this, ÅF traded as a cooperative association from 1895 until 1980, and as a joint-stock company from 1981. ÅF’s B shares are traded in Stockholm on the Nasdaq OMX exchange’s Mid Cap list under the ‘AF B’ ticker symbol. At the end of 2009 the combined market capitalisation of the company’s shares, including class A shares, was SEK 3,329 million (2008: SEK 2,027 million).
Share movements and turnover
The quota value of the share is SEK 10. ÅF’s class B shares traded at SEK 195.50 at the end of 2009, compared with SEK 119 at the beginning of the year, an increase in value of 64 percent. During the same period the Stockholm OMXS-PI all-share index rose by 47 percent. During the year a total of 12,418,178 shares were traded for an aggregate value of SEK 1,770 million (2008: 12,184,948 shares worth SEK 1,885 million). Turnover per trading day averaged SEK 7.05 million (SEK 7.32 million). The share was traded on 100 percent of trading days in both 2009 and 2008.
Dividend policy and dividend
The board has adopted a dividend policy according to which the dividend corresponds to approximately 50 percent of the consolidated profit after tax excluding capital gains. For the company’s operations during 2009 the board proposes a dividend of SEK 8.00 per share (2008: SEK 6.50 per share).
Share buy-backs
In accordance with the mandate given by the Annual General Meeting ÅF acquired a total of 105,000 of the company’s shares in 2009. The purpose of the buy-backs is to safeguard the company’s obligations with regard to the Performance-related Share Programme (PSP) approved by the AGM. ÅF owns a total of 142,000 of the company’s class B shares relating to PSP 2008 and PSP 2009.
Investor relations
ÅF’s positive development is reflected by interest in the ÅF share. The company adopts a long-term approach to its communication with the capital market.
In September this included a Capital Market Day in Stockholm, which focused on the Energy Division, with Hans Blix, former Director General of the International Atomic Energy Agency (IAEA) as the guest speaker. The audience comprised around 40 analysts, institutional shareholders, asset managers and representatives of the media.
Analysts who regularly monitor the progress of ÅF:
Stefan Wård, Handelsbanken Capital Markets
Johan Dahl, Swedbank Markets
David Jacobsson, Öhman Fondkommission
Andreas Koski, HQ Bank
Daniel Djurberg, Nordea
Charlotte Widmark, Carnegie