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Nederman Holding NMAN.ST · SEK

Industrials · Nasdaq Stockholm · 🇸🇪 Sweden

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143.20

+0.14%

Close of 9 Nov 2026, in SEK

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At a glance

Figures in SEK, from our data supplier.

FY2025

Revenue

SEK 5.78bn

FY2016FY2025

Net income

SEK 273.9m

FY2016FY2025

Free cash flow

SEK 157.2m

FY2016FY2025

Shareholders' equity

SEK 2.51bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueSEK 5.78bnSEK 5.90bnSEK 6.19bnSEK 5.18bnSEK 4.04bnSEK 3.67bnSEK 4.31bnSEK 3.55bnSEK 3.15bnSEK 3.11bn
Gross profitSEK 2.29bnSEK 2.32bnSEK 2.26bnSEK 1.87bnSEK 1.52bnSEK 1.39bnSEK 1.59bnSEK 1.33bnSEK 1.20bnSEK 1.11bn
Research and developmentSEK 107.3mSEK 99.1mSEK 125.1mSEK 72.5mSEK 57.0mSEK 69.3mSEK 65.2mSEK 44.3mSEK 14.2mSEK 7.8m
Operating incomeSEK 504.3mSEK 592.5mSEK 601.9mSEK 480.2mSEK 458.9mSEK 219.0mSEK 343.2mSEK 294.9mSEK 278.1mSEK 250.3m
Net incomeSEK 273.9mSEK 345.2mSEK 340.9mSEK 328.7mSEK 305.3mSEK 110.4mSEK 225.8mSEK 203.2mSEK 186.3mSEK 172.1m
Diluted earnings per share7.819.839.719.378.703.156.415.815.314.90

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsSEK 6.79bnSEK 7.25bnSEK 6.42bnSEK 6.31bnSEK 4.83bnSEK 4.25bnSEK 4.75bnSEK 3.80bnSEK 2.97bnSEK 2.65bn
Cash and short-term investmentsSEK 667.5mSEK 825.2mSEK 815.2mSEK 721.2mSEK 541.6mSEK 466.8mSEK 445.3mSEK 463.9mSEK 360.9mSEK 287.8m
Total liabilitiesSEK 4.27bnSEK 4.53bnSEK 4.05bnSEK 4.12bnSEK 3.11bnSEK 2.95bnSEK 3.37bnSEK 2.55bnSEK 1.90bnSEK 1.67bn
DebtSEK 2.48bnSEK 2.48bnSEK 2.12bnSEK 2.13bnSEK 1.51bnSEK 1.77bnSEK 1.86bnSEK 1.16bnSEK 822.8mSEK 702.9m
Shareholders' equitySEK 2.51bnSEK 2.72bnSEK 2.37bnSEK 2.19bnSEK 1.72bnSEK 1.30bnSEK 1.38bnSEK 1.25bnSEK 1.08bnSEK 982.2m
Shares outstanding35m35m35m35m35m35m35m35m35m35m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsSEK 381.7mSEK 595.9mSEK 576.3mSEK 345.7mSEK 519.8mSEK 327.5mSEK 321.3mSEK 214.6mSEK 279.3mSEK 239.7m
Capital spending−SEK 224.5m−SEK 161.4m−SEK 195.6m−SEK 170.8m−SEK 109.0m−SEK 108.2m−SEK 92.9m−SEK 62.5m−SEK 53.4m−SEK 45.9m
Free cash flowSEK 157.2mSEK 434.5mSEK 380.7mSEK 174.9mSEK 410.8mSEK 219.3mSEK 228.4mSEK 152.1mSEK 225.9mSEK 193.8m
Dividends paid−SEK 140.5m−SEK 138.7m−SEK 131.6m−SEK 122.8m−SEK 35.1m−SEK 35.1m−SEK 80.7m−SEK 70.2m−SEK 64.3m−SEK 58.4m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueSEK 1.36bnSEK 1.26bnSEK 1.50bnSEK 1.43bnSEK 1.44bnSEK 1.41bnSEK 1.62bnSEK 1.42bn
Gross profitSEK 526.8mSEK 511.5mSEK 588.0mSEK 559.1mSEK 578.7mSEK 567.3mSEK 621.0mSEK 564.3m
Operating incomeSEK 96.9mSEK 88.8mSEK 130.2mSEK 138.2mSEK 127.0mSEK 109.2mSEK 157.3mSEK 126.8m
Net incomeSEK 53.9mSEK 46.3mSEK 65.2mSEK 79.6mSEK 69.7mSEK 59.4mSEK 87.4mSEK 70.4m
Diluted earnings per share1.541.321.862.271.991.692.492.01
Cash from operationsSEK 69.0m−SEK 19.0mSEK 184.0mSEK 123.0mSEK 59.0mSEK 15.0mSEK 245.0mSEK 180.0m
Capital spending−SEK 48.0m−SEK 36.0m−SEK 40.0m−SEK 54.0m−SEK 64.0m−SEK 64.0m−SEK 98.0m−SEK 43.0m
Free cash flowSEK 21.0m−SEK 55.0mSEK 144.0mSEK 69.0m−SEK 5.0m−SEK 49.0mSEK 147.0mSEK 137.0m
Total assetsSEK 7.09bnSEK 6.92bnSEK 6.79bnSEK 6.94bnSEK 7.02bnSEK 6.95bnSEK 7.25bnSEK 6.96bn
Cash and short-term investmentsSEK 513.6mSEK 582.5mSEK 667.5mSEK 551.6mSEK 530.4mSEK 570.9mSEK 825.2mSEK 700.3m
DebtSEK 2.17bnSEK 2.05bnSEK 2.48bnSEK 2.49bnSEK 2.53bnSEK 2.42bnSEK 2.48bnSEK 1.95bn
Shareholders' equitySEK 2.57bnSEK 2.63bnSEK 2.51bnSEK 2.51bnSEK 2.47bnSEK 2.55bnSEK 2.72bnSEK 2.51bn

Financial ratios

Data as of 15 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin39.7%39.4%36.5%36.1%37.6%37.9%
Operating margin8.7%10.6%9.8%9.7%11.3%5.6%
Net margin4.7%5.9%5.5%6.3%7.6%3.0%
Return on equity10.9%12.7%14.4%15.0%17.8%8.5%
Return on assets4.0%4.8%5.3%5.2%6.3%2.6%
Free cash flow yield12.6%15.7%16.0%10.7%13.1%9.1%
Revenue growth-2.0%-4.7%19.5%28.1%10.0%-14.7%
Earnings growth-20.7%1.3%3.7%7.7%176.5%-51.1%
Current ratio1.62x1.56x1.61x1.65x1.53x1.68x
Debt to equity0.81x0.73x0.84x0.92x0.80x1.23x
Equity ratio37.0%37.5%36.9%34.7%35.6%30.6%
Interest coverage3.91x4.29x4.69x7.87x11.25x3.53x
R&D as a share of sales1.9%1.7%2.0%1.4%1.4%1.9%
Buybacks as a share of market value0.1%0.0%-0.0%0.0%-0.3%0.6%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue3.7%9.5%6.1%
Operating income1.6%18.2%7.6%
Net income-5.9%19.9%6.0%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin39.5%37.9%37.9%37.5%
Operating margin9.4%9.5%9.3%8.9%
Net margin5.3%5.6%5.5%5.5%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings21.822.118.518.425.145.020.915.515.712.7
Price to sales1.01.31.01.21.91.41.10.90.90.7

Dividends and splits

Per share, in the currency the company pays

Paid for 5 years. Last went ex-dividend on 22 Apr 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2019FY2018
Paid in the year4.004.004.313.753.501.002.302.00
  • 3-for-1 split · 16 May 2018

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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