The XANO share 2018

Price developments and yield
During 2018, XANO’s share price rose by 2.2 per cent from SEK 149.75 to SEK 153.00. The highest price paid during the year was SEK 301.00 on 31 May, while the lowest price paid was SEK 147.00 on 27 and 28 December. The highest closing price was recorded on 1 June at SEK 292.00, with the lowest closing price being recorded on 27 December at SEK 150.50. 
     The number of shares sold totalled 1,652,312, which corresponds to a turnover rate of 15.8 per cent, and the combined value of the trading amounted to SEK 368.7 million. As at 31 December 2018, XANO’s share value amounted to SEK 2,156.3 million, based on the latest closing price and the total number of shares. The total yield for the year amounted to almost 5 per cent. The average over the past ten years has been approx. 33 per cent, excluding the value of spun-off operations.

Dividend policy
It is the aim of the Board of Directors that dividends over an extended period will follow the earnings trend and correspond to at least 30% of profit after tax. The annual dividend proportion must however be viewed in relation to investment needs and any repurchase of shares.
     For the 2018 financial year, the Board is proposing a dividend of SEK 4.00 (4.00) per share, totalling SEK 55.8 million (55.8) based on the number of outstanding shares at the end of the year. The proposed dividend corresponds to approx. 33 per cent (35) of the profit for the year and a direct yield of 2.6 per cent (2.7) calculated from the share price at the end of the year.

The number of shareholders increased further during the year. At the end of 2018, XANO had 3,822 shareholders, compared to 2,439 shareholders at the same time in the previous year. Of these, 3,624 were physical persons living in Sweden. The ten largest shareholders jointly held 94.0 per cent of the votes and 80.1 per cent of the capital. Institutional ownership made up 2.9 per cent of the votes and 9.8 per cent of the capital.