Press releases

Financial reports

Prior financial reports

Interim Financial Report January - September 2019

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Annual Report 2019

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Annual Report 2018

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Annual Report 2017

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Annual Report 2016

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Financial calendar

Interim Financial Report January - June 2022

Will be published on August 30, 2022

Interim Financial Report January - September 2022

Will be published on November 11, 2022

Year-End Report 2022

Will be published on March 3, 2023

Financial targets

  • Idun’s target is at least 15 percent growth in operating profit EBITA per year, where about 5 percent from organic growth, and the excess part from company acquisitions
  • The financial net debt in relation to operating profit before depreciation (EBITDA) should be less than 3.5x over time
  • The Group’s profits and available cash flow shall primarily be reinvested in the business and / or used for new acquisitions of Group companies. Idun aims to distribute a maximum of 10 percent of the profit for the year adjusted for goodwill amortization

Articles of Association

Idun Industrier AB (publ)
(Reg. No. 556924-7009)

§ 1 Name of Company
The Company’s name is Idun Industrier AB (publ).

§ 2 Registered office
The Company’s registered office shall be situated in Stockholm.

§ 3 Object of the Company’s business
The object of the Company’s business is to, directly or indirectly, own and manage real and movable properties, primarily shares, and any other activities compatible therewith. The Company shall also provide advisory services in relation to financing, accounting, business and related areas, as well as let office space.

§ 4 Share capital
The share capital shall be not less than SEK 500,000 and not more than SEK 2,000,000.

§ 5 Number of shares
The number of shares shall be not less than 7,000,000 not more than 28,000,000.

§ 6 Financial year
The Company’s financial year shall be the calendar year.

§ 7 Board of Directors
The Board of Directors shall consist of not less than three and not more than seven members, with not less than zero and not more than seven deputy board members.

§ 8 Auditor
The Company shall have one or two auditors. A registered accounting firm may be appointed as Auditor.

§ 9 Notice of general meeting
Notice of general meetings shall be made by an announcement in the Official Swedish Gazette (Sw. Post- och Inrikes Tidningar) and by making the notice available on the Company’s website. The Company shall advertise in Dagens Industri that notice have been made.

§ 10 Right to participate at general meetings
Those who wish to attend a general meeting must give notice of attendance to the Company no later than the day set out in the notice to attend the general meeting. This day may not be a Sunday, other public holiday, Saturday, Midsummer’s Eve, Christmas Eve or New Year’s Eve and must not be earlier than the fifth weekday prior to the general meeting. A shareholder may bring along one or two assistants at general meeting of shareholders, however, only if the shareholder has reported this in accordance with the preceding paragraph.

§ 11 Matters at annual general meeting
The following matters shall be addressed at annual general meeting:

  1. election of a chairman of the meeting;
  2. preparation and approval of the voting list;
  3. approval of the agenda;
  4. election of one or two persons who shall approve the minutes of the meeting;
  5. determination of whether the meeting was duly convened;
  6. submission of the annual report and the Auditors’ report and, where applicable, the consolidated financial statements and the Auditors’ report for the Group;
  7. resolutions regarding: a) the adoption of the income statement and the balance sheet and, when applicable, the consolidated income statement and the consolidated balance sheet; b) allocation of the Company’s profit or loss in accordance with the adopted balance sheet; c) discharge of the Members of the Board of Directors and Managing Director from liability.
  8. determination of the number of members of the Board of Directors and auditors;
  9. determination of fees for members of the Board of Directors and the Auditors;
  10. election of the Members of the Board of Directors and the Auditors; and
  11. other matters which are set out in the Swedish Companies Act or the company’s articles of association.

§ 12 Different classes of shares
The Company may issue shares of two classes, class A and class B. Each share of class A shall carry ten votes, and each share of class B shall carry one vote. Shares of either class may be issued up to an amount corresponding to the entire share capital.

In the event of new issues of shares, warrants and convertibles where payment is not to be made by contribution in kind, holders of shares of class A and class B shall enjoy pre-emption rights to subscribe for new shares of the same class pro rata to the number of shares previously held by them (primary pre-emption right). Shares which are not subscribed for pursuant to the primary pre-emption rights shall be offered to all shareholders (secondary pre-emption right). If the shares thus offered are not sufficient for the subscription pursuant to the secondary pre-emption rights, the shares shall be allocated between the subscriber’s pro rata to the number of shares previously held and, to the extent such allocation cannot be effected, by the drawing of lots.

The above shall not limit the right to resolve upon an issue with a deviation from the shareholders’ pre-emption rights.

§ 13 Conversion clause

It shall be possible to reclassify Class A shares to Class B shares. Holders of Class A shares shall be entitled to request that all or part of the shareholder’s Class A shares shall be reclassified to Class B shares. A majority representing more than half of all issued Class A shares shall also be entitled to request that all Class A shares be reclassified to Class B shares, or that part of all Class A shares be reclassified to Class B shares. When reclassifying a part of all Class A shares, reclassification shall be made pro rata in relation the shareholders’ holdings of Class A shares. The request shall be made in writing to the Board of Directors. The request shall state the number of Class A shares that the majority wants to reclassify. The Board of Directors shall, within three months of the request for reclassification, consider the question of reclassification. Immediately thereafter, the Board of Directors shall report the reclassification to the Swedish Companies Register (Sw. Bolagsverket) for registration. The reclassification is effected when it has been registered and the reclassification been noted in the CSD Register.

§ 14 Central securities depository
The Company’s shares shall be registered in a central securities depository register pursuant to the Swedish Central Securities Depositaries and Financial Instruments Accounts Act.

§ 15 Proxy collection, postal voting and the presence of visitors at the General Meeting

Persons not being shareholders of the Company shall be entitled, on the conditions stipulated by the Board of Directors, to attend or in any other manner follow the proceedings at a General Meeting.

The Board of Directors may collect proxies pursuant to the procedure stated in Chapter 7, Section 4, second paragraph of the Swedish Companies Act (2005:551).

The Board of Directors may decide before a General Meeting that the shareholders shall be entitled to exercise their voting rights before the General Meeting by post pursuant to the procedure stated in Chapter 7, Section 4 a of the Swedish Companies Act (2005:551).

Sustainability and Code of Conduct

UPPFÖRANDEKOD

Uppförandekoden för Idun gäller för alla bolag och anställda inom gruppen. Denna kod beskriver hur vi förväntar oss att chefer, anställda och leverantörer ska arbeta och följa internationella konventioner kopplade till mänskliga rättigheter, arbetsvillkor och principer gällande hållbarhet, antikorruption och bolagsstyrning. Koden är tänkt att tjäna som vägledning för våra anställda. Utvärdering och omformning av koden sker på koncernnivå.

Grundläggande principer för Idun

  • Följa lokala lagar och förordningar i de länder där vi är verksamma
  • Stimulera och uppmuntra hållbar affärsutveckling i riktlinjer, beslut och aktiviteter
  • Implementera denna uppförandekod i våra interna processer

Värderingar

  • Affärsprinciper - Idun tror på långsiktighet och det är viktigt med god affärssed och att anställda agerar etiskt i sitt arbete och i relationer med våra intressenter och samhället
  • Mänskliga rättigheter – Idun tror på att anställda, samarbetspartners och andra intressenter ska behandlas jämlikt och med respekt
  • Hållbarhet – Idun tror att hållbar affärsutveckling är en nyckel till vår fortsatta verksamhet
  • Ansvar – Det är alla anställdas ansvar att följa lokala lagar, god affärssed och denna kod

Hållbarhetsarbete

Det övergripande målet med Iduns hållbarhetsarbete är att bidra till och stötta ett långsiktigt hållbart samhälle. Idun och våra gruppbolag ska följa och agera i enlighet med alla tillämpliga lagar och förordningar. Dessutom försöka integrera nedan punkter i våra interna processer och för att minska vårt avtryck försöker vi:

  • Erbjuda produkter till våra kunder som består av återvinningsbart material och utan skadliga tillsatser. För att uppnå detta mål behöver vi ha en kontinuerlig dialog med våra kunder och leverantörer
  • Köpa in och främja en hållbar leverantörskedja för att begränsa miljöpåverkan på samhället
  • Främja miljöansvar genom att uppmuntra våra leverantörer och kunder att ansluta sig till internationella initiativ för att främja ett hållbart samhälle
  • Optimera energiförbrukningen, inte bara i vår egen produktion och transporter, utan också genom att utveckla energisnåla lösningar för våra kunder
  • Arbeta för att begränsa miljöpåverkan när det gäller vårt avfall och våra utsläpp i luften
  • Utbilda våra medarbetare i miljöfrågor
  • Arbeta med att minska vår negativa miljöpåverkan i våra processer
  • Välja logistikpartners som bedriver sin verksamhet hållbart och i linje med vårt eget arbete och våra mål

Anställda

  • Den anställde ska ges möjlighet till årligt utvecklingssamtal. Ansvaret för genomförandet av utvecklingssamtalet är delat mellan den anställde och chef
  • Kompensation ska vara konkurrenskraftig och engagemang samt ansvar ska belönas
  • Dialogen mellan den anställde och chef ska vara öppen och transparent
  • Våra chefer ska agera respektfullt, ta ansvar och agera vid behov
  • Vi strävar efter en säker och trevlig arbetsmiljö med balans mellan yrkesliv och privatliv
  • Vi förväntar sig att alla medarbetare infinner sig på arbetet nyktra och opåverkade, och måste därför avstå från allt alkohol- eller drogmissbruk som kan påverka deras arbete
  • Våra medarbetare är fria att ansluta sig till eller starta en förening, att organisera sig och att förhandla, kollektivt eller individuellt. Inga medarbetare ska riskera trakasserier eller repressalier för att utöva dessa rättigheter
  • Vi behandlar människor rättvist, accepterar inte diskriminering, främjar mångfald, bedriver vår verksamhet på ett etiskt sätt och stöder våra anställdas rätt att organisera sig. Vi följer också lagar, förordningar och riktlinjer

Antikorruption

  • Vi har nolltolerans mot alla former av korruption, såsom olagliga betalningar, mutor, kickbacks eller andra tvivelaktiga stimulanser för att påverka någon affärstransaktion
  • Vi förväntar oss att alla anställda ska följa alla tillämpliga lagar och förordningar på alla platser där vi bedriver verksamhet
  • Misstankar om korruption skall alltid utredas och polisanmälas
  • Alla medarbetare ska bedriva vår affärsverksamhet på ett lagligt och etiskt sätt
  • Vi vill att våra samarbetspartners ska veta att vi bedriver vår verksamhet med nolltolerans för korruption. En praxis som strider mot våra riktlinjer kan anses vara acceptabel i ett visst land men det betyder inte att det är acceptabelt för Idun

Informationsgivning och kommunikation

Bolagets kommunikation har som övergripande mål att stärka förtroendet för bolaget och dess ledning. En väl fungerande kommunikation befrämjar bolagets affärsverksamhet genom att:

  • Stärka förtroendet för affärsidé, mål och strategier
  • Öka kunskapen om vår verksamhet och våra gruppbolag
  • Förse finansmarknaden med kunskap så att det finansiella instrumentets kurs rättvist återspeglar bolagets kvaliteter och värden
  • Stärka förtroendet för ledning, medarbetare och ägare
  • Engagera de anställda i företagets utveckling
  • Underlätta rekrytering av nyckelmedarbetare

Huvudregeln för Iduns informationsgivning är att bolaget så snart som möjligt ska informera allmänheten om insiderinformation som direkt berör bolaget och att sådan information ska offentliggöras till samtliga målgrupper samtidigt

Samtliga medarbetare förväntas hantera all företagsinformation varsamt. Om de inte med säkerhet vet att viss information inte är kurspåverkande eller har offentliggjorts, får de inte sprida information om Idun eller gruppen. Mer information finns i Iduns fullständiga informationspolicy

Visselblåsning

Det övergripande syftet är att uppmuntra medarbetare att rapportera ärenden utan risk för diskriminering eller bestraffning. Detta ger medarbetare möjligt att uppmärksamma allvarlig oro om de har om något som berör Idun eller gruppen, snarare än att förbise ett problem eller söka en lösning på problemet utanför gruppen. Idun uppmuntrar våra medarbetare att leva upp till detta genom:

  • Uppgiftslämning; möjlighet att uppmärksamma ledningen på eventuellt illegalt och oetiskt beteende

Idun ska skydda alla medarbetare som väljer att avslöja eller väcker oro om medarbetaren:

  • Avslöjar informationen i god tro
  • Tror att det i all väsentlighet är sant
  • Inte handlar uppsåtligt eller gör falska anklagelser
  • Inte söker någon personlig eller ekonomisk vinning
  • Idun ska också hantera all information med förtrolighet och anonymitet

För att avge en rapport eller lämna ett tips, vänligen kontakta Oskar Samuelsson, som är ansvarig för visselblåsning på Idun, via e-post: oskar.samuelsson@idun.com eller via telefon: +46 70 966 13 25. Rapporter och tips kan lämnas anonymt om så önskas.


ESG questionnaire

We receive several sustainability questions from investors, and to facilitate investors’ analysis of our sustainability work, we have compiled answers to a number of questions. The questions are taken from Carnegie’s and Spiltan’s joint initiative “ESG questionnaire”.

General industry

• The industry’s three biggest sustainability-related challenges according to (the company) and briefly describe the process for identifying these challenges:

  1. Sustainability management in a decentralized group
  2. Environmental and climate impact
  3. To offer a secure and equal workplace for all group employees

Idun’s management performed work where a series of challenges were identified and the above were assessed as the biggest challenges.

• Does (the company) have Science Based Targets, reports to the CDP or engages in any other relevant sustainability initiatives?

  1. Science Based Targets: No
  2. CDP: No
  3. Other: Yes. Many group companies have ongoing initiatives and work aimed at improving sustainability aspects in their respective businesses.

• Have you conducted any preliminary assessments of your company in relation to the EU Taxonomy? If so, what was the outcome?

No

Environment

• List (the company)’s three primary risks related to climate change and list, if any, (the company)’s climate-related opportunities:

Idun has not identified any individual major risk in terms of climate change that could have a significant negative impact on the environment or the Group in the short- and medium term. Some companies use oil-based products in their production, but gradually replace them where possible with recycled or more environmentally friendly alternatives. Some of the group companies have an offering with distinct sustainability advantages over alternatives, which poses an opportunity (including for example TURAB – renewable energy/hydropower and BIA oil- and petrol separators).

  1. Risks associated with climate change are, for example, that demand for products and services may change as a result of climate change that has occurred or is expected.
  2. Climate change can also lead to changes in legislation that can affect our companies.
  3. A third risk associated with the area is that companies that do not succeed in changing in step with changing market conditions are likely to lose competitiveness and demand.

Other climate-related opportunities

  1. Investments in companies with sustainable business models
  2. Make existing Group Companies’ products and services more sustainable
  3. Take advantage of the rapidly increasing demand in society for products and services that contribute positively to development from a sustainability perspective

• Does (the company) have climate-related investments?

Climate-related investments are being made continuously in our Group Companies. Everything from producing in more sustainable materials to e.g. more resource-efficient energy use, change of energy type in terms of e.g. heating, investments in electricity production (e.g. solar panels and other initiatives to improve the sustainability aspect of energy generation in the companies; such have taken place in several companies), systematic work to reduce emission levels and environmental impact of various kinds. The issue is a priority and we make climate-related investments every year.

• Circular economy: How are purchases and waste managed? Does (the company) rely on any scarce resources for its operations? What efforts are made to mitigate the risk of those resources becoming even more scarce in the future?

Some of our companies have an environmental certification (ISO 14001) and for companies where purchases and waste are assessed as significant, purchases and waste are addressed. At Group level, we do not to date have this information comprehensively compiled.

The Business Area Manufacturing consists of ten companies that mainly manufacture industrial products that are produced with input goods such as metal, plastic and wood. None of the companies is highly dependent on any raw material for which there is a general shortage. However, efficient resource utilization is central so that shortcomings do not arise, and for e.g. the business footprint of a business should be as limited as possible. We have a number of processes and activities ongoing relating to substitution (e.g. substitution of plastic pulp made from fossil raw materials, in favor of different types of bioplastics and recycled plastic) and reuse of materials (e.g. Orrtorp Granit which is the Group Company BIA’s registered trademark for recycled raw materials from own and external production that is used as input and thus reduces waste).

• Transition-related risks: Does (the company) anticipate any risks or opportunities due to the transition to a carbon-neutral society? Is there any risk of the firm’s offer being negatively effected? If yes, is (the company) well positioned to handle that risk?

Our decentralized control model often gives us the opportunity to quickly adjust to changing external- or market conditions. We see that through the control model we can act faster than some of our competitors and thus strengthen our offering.

As Idun through the Group Companies offers a wide range of products and services, Idun believes that we have greater opportunities than certain competitors with a more focused product and / or service range to handle transition-related risks.

Several businesses have the opportunity to benefit from the transition to a more carbon-neutral society, such as TURAB, which renovates and manufactures hydropower turbines for fossil-free energy production. Several businesses are also exposed to risks in the area, such as Plastprint, where despite an increasing share of bio and recycled materials in the products and a more sustainable production than most alternatives, may meet increased skepticism towards plastic in general, or where the customer does not understand the difference.

• Disclose Scope 1, 2 & 3 GHG emissions. If not available, do you have a time plan for when to start reporting?

Idun does not report according to GHG today, but aims to report scopes 1,2 and 3 within four years.

• Have you set a target to become climate neutral? If so, how have you defined carbon neutrality?

No

• List (the company)’s primary means of making a positive environmental impact or minimising negative environmental impact. List the corresponding UN SDGs. What proportion of sales can be directly linked to selected UN SDGs?

Several of Idun’s Group Companies manufacture products and / or offer services that directly contribute to reducing greenhouse gas emissions and / or in other ways have a positive environmental impact. About 50% of TURAB’s sales come from service, maintenance and renovation of existing hydropower installations. Often, by renovating (often restoring the renovated turbine or related equipment in new condition) an existing obsolete installation, TURAB can avoid major environmental interventions. New installations with standard turbines can lead to e.g. that the entire building needs to be demolished and replaced. There is also the same effect on the new production side, where the new turbine is tailored to fit the existing building and installation (rather than using a standard turbine). Demand for green energy is rising dramatically, and hydropower is an important component in Swedish fossil-free energy production and for the energy balance. This is exclusively a replacement market where existing installations are replaced (rather than new establishment or exploitation of untouched watercourses). Prowash was the first in Sweden to introduce “Svanenmärkt” ecolabelled car washes where water is reused and cleaned. The company has a long history which shows that water quality often improves when the company takes over a facility from an alternative supplier. BIA Härdplast’s oil separator captures fossil fuels that are spilled from vehicles and go into storm water. Intermercato manufactures crane scales that are used in, among other things, material handling and recycling, where it is known how much material has been loaded on the truck with high precision and during movement, which leads to more efficient material handling and higher resource utilization. Idun has not linked the work to the SDGs.

Social

• Does (the company) have a history of accidents? If so, how have these been managed? Are there any preventive measures, such as policies?

Our Group Companies have not had any serious problems with work environment accidents. In 2020, a total of two accidents were reported to the Swedish Work Environment Authority. Security patrols at our Group Companies are documented and serious deficiencies are remedied.

• If applicable, state (the company)’s targets for gender and cultural equality and indicate the relevant split of men/women at every level of the firm, particularly the Board of Directors and management team.

Idun has not set any goals in this area.

  • Board of Directors – 20% women (one woman and four men)
  • Management team – 17% women (one woman and five men)
  • All employees – 27% women (102 women and 274 men)

The above compilation refers to the year 2020.

• Does (the company) conduct any community engagement activities aside from those directly connected to the business?

Several of our Group Companies support local social initiatives and the local community including e.g. sports clubs. In addition, Idun has centrally every year since 2015 supported Médecins Sans Frontières (MSF) financially as a “Business Partner”. Some of the group companies have also individually provided financial support to MSF and similar organizations.

• How often does (the company) conduct audits of its suppliers? How often do you discover incidents not compliant with your code of conduct?

As of today, there is no code of conduct for suppliers, but Idun intends to introduce it in the future. Our Group Companies carry out supplier visits and reviews. No major sustainability related shortcomings have been identified as part of such work.

Governance

• Do all staff members receive continuing education on anti-corruption? Is there an external whistle-blower function? Are there any ongoing or historical incidents involving corruption, cartels or any other unethical business conduct? Have any preventive measures been taken?

Everyone at the parent company conducts annual training in anti-corruption.

Idun’s whistleblowing function is currently handled by the CFO of the parent company. The Company is considering introducing an external whistleblowing function.

• The company’s business tax residence:

The parent company has Sweden as tax domicile as Idun is primarily active in Sweden and invests in Swedish quality companies. Some of the group companies have foreign subsidiaries and then the subsidiaries’ profits are taxed in the countries where they operate. In addition to Sweden, operations in subsidiaries are conducted in Norway, Finland, Latvia, France, Lithuania, Russia and Hong Kong.

• Are there independent members of the Board of Directors?

Yes, three out of five members of the Board of Directors are independent to major shareholders and to the Company’s management.

• Please state if and to what extent, (the company) has transactions with related parties.

All material transactions with related parties are presented in the annual report for the Company.

• Which KPIs dictate the renumeration to management (are sustainability and diversity goals included)?

The remuneration levels for the CEO and management are in line with other industry colleagues. In the parent company, there is no performance-based remuneration. The remuneration is a fixed monthly salary with an annual revision. The CEO’s and management’s goals are to deliver on the Company’s financial goals. Idun applies the so-called “pilot school” to a greater extent than its industry colleagues, which means that the Group’s key employees are offered to become, and are, co-owners in the equity of the business. This likely means that on an overall level, cash compensation levels are lower than many industry colleagues as a substantial part of the potential for personal value growth lies in co-ownership, which is a cornerstone of our investment philosophy. This creates a superior interest alignment between management and external shareholders compared to most other similar companies.

• Describe the company’s process for monitoring and reporting ESG issues and performance to senior management/the Board. Confirm what KPIs are monitored (if any) and how frequently reporting is undertaken.

Given how small the parent company is, there is no individual sustainability manager, but it is an important issue for all sex employees in the parent company. The CFO has a coordinating role for the sustainability work at an overall level in the Group and the chairman of each group company is responsible for the work in each group company with follow-up, activities, etc. KPIs (in some cases ESG-linked) are set in each group company’s Board of Directors, but there is no central reporting.

• Have you signed a Union agreement:

Yes, most of our Group Companies have signed collective union agreements.

Shareholders' Meeting

Board of Directors

Adam Samuelsson

Working Chairman

Education: Harvard Business School, MBA; Stockholm School of Economics, MSc Finance and Economics

Other current positions: Chairman of EKAB Elkraftservice, Stegaföretagen and Idun Retail Services and various board assignments in Idun’s subsidiaries

Selection of previous positions: CEO of Idun Industrier AB (publ). Board Member and Chairman of the Audit Committee of Bufab AB (publ). Board Member and Chairman of the Audit Committee of Bulten AB (publ). Director, Nordic Capital. Analyst, Morgan Stanley

Shares in Idun: 3,310,240 series A shares and 127,280 series B shares (through company)

Board Member since 2013. Dependent in relation to Idun and its key management, dependent in relation to major shareholders

Ludwig Andreen

Board Member

Education: University of Lund, MSc in Business Administration

Other current positions: Investment Manager at Broviken Group. Board Member of Luliem Capital and Deputy Board Member of Aristo Capital

Selection of previous positions: SEB Investment Banking

Shares in Idun: 1,206,201 shares of series B (through company) and warranrs to subcribe 1,000 series B shares

Board Member since 2013. Independent in relation to Idun and its key management, dependent in relation to major shareholders

Christina Fagerberg

Board Member

Education: Stockholm School of Economics, MSc

Other current positions: Board Member of Orkla ASA. Chairman of Fagerberg & Dellby, Fagerberg & Dellby Fond I and Fagerberg och Dellby Fond I Invest

Selection of previous positions: Board Member of Yrkesakademin, BIG BAG Group and Hagströmska Gymnasiet

Shares in Idun: 43,800 series B shares and warranrs to subcribe 1,000 series B shares

Board Member since 2018. Independent in relation to Idun and key management, independent in relation to major shareholders

Johan Lindqvist

Board Member

Education: 4-year Technical upper secondary school

Other current positions: CEO BUFAB, CEO and Board Member of Bufab Sweden. Chairman of Hallborn Metall, Rudhäll Industri, BUMAX, Magnetfabriken and Bufab Lann, and Board Member of Bufab International

Selection of previous positions: Several leading positions within the Bufab Group since 1998. Previous experience from Skanska and Primo

Shares in Idun: -

Board Member since 2021. Independent in relation to Idun and its management; independent in relation to major shareholders

Gunnar Tindberg

Board Member

Education: Engineer

Other current positions: CEO and Board Member of GT InduTechnologies AB

Selection of previous positions: CEO of Indutrade. Chairman of Idun Industrier AB (publ) and Board Member of Bufab AB (publ)

Shares in Idun: 70,162 series B shares and warranrs to subcribe 1,000 series B shares

Board Member since 2013. Independent in relation to Idun and its management; independent in relation to major shareholders

Management

Karl-Emil Engström

Chief Executive Officer

Education: University of Stockholm, MSc Business Administration

Other current positions: Chairman of BIA Härdplast, Eugen Wiberger, P&L Nordic and various board assignments in Idun’s subsidiaries

Selection of previous positions: Director of MVI and Board Member of Lakers Group. Interim CFO and Board Member of Great Security Holding AB. Auditor and Transaction Advisor at Grant Thornton

Shares in Idun: 140,000 series B shares and warranrs to subcribe 5,000 series B shares

Employed since 2019

Henrik Mella

Chief Operating Officer

Education: Stockholm School of Economics, MSc of Business and Economics

Other current positions: Chairman of Intermercato, Lennart Månsson International (LMI), Norotec, Sjöbergs Workbenches, Turab, Turbin- och Regulatorservice and Culina Products, and various board assignments in Idun’s subsidiaries

Selection of previous positions: CEO of Cale Group, Country Manager for ASSA Abloy Russia, Headquarter function at Husqvarna and Consultant at McKinsey

Shares in Idun: 173,630 series B shares and warranrs to subcribe 5,000 series B shares (through company)

Employed since 2017

Oskar Samuelsson

Chief Financial Officer

Education: Gothenburg School of Business, Economics and Law, MSc Accounting and Controlling

Other roles: Chairman of 2B Best Business, Board Member of Turab, Turbin- och Regulatorservice, Stegaföretagen and Culina Products, and various board assignments in Idun’s subsidiaries

Selection of previous positions: CFO of Geomek Stockholms Geomekaniska and Vesper Group. Consultant at Deloitte

Shares in Idun: 80,000 series B shares and warranrs to subcribe 5,000 series B shares

Employed since 2018

Jonas Sandström Estmalm

Chief Investment Officer

Education: Gothenburg School of Business, Economics and Law, Bachelor of Science in Business Administration, Industrial and Financial Management

Other current positions: Chairman of Plastprint i Bredaryd, R Kjellbergs Plast and Ståthöga MA Teknik, and various board assignments in Idun’s subsidiaries

Selection of previous positions: Chief Financial Officer of Idun Industrier AB (publ) and Board Member of Täby Airmaintenance Aktiebolag. Transaction Advisor at Grant Thornton

Shares in Idun: 220,060 series B shares (through company) and warranrs to subcribe 5,000 series B shares

Employed since 2014

Karin Öhrner

Investment Manager

Education: Örebro Univeristy, Master of Science of Business and Economics

Other current positions: Board Member of R Kjellbergs Plast, Aktiebolaget Lennart Månsson International and BIA Härdplast AB, and various board assignments in Idun’s subsidiaries

Selection of previous positions: Manager - Transaction Advisory Services at Grant Thornton

Shares in Idun: 13 series B shares and warranrs to subcribe 20,000 series B shares

Employed since 2022

Adam Samuelsson

Working chairman

Education: Harvard Business School, MBA; Stockholm School of Economics, MSc Finance and Economics

Other current positions: Chairman of EKAB Elkraftservice, Stegaföretagen and Idun Retail Services and various board assignments in Idun’s subsidiaries

Selection of previous positions: CEO of Idun Industrier AB (publ). Board Member and Chairman of the Audit Committee of Bufab AB (publ). Board Member and Chairman of the Audit Committee of Bulten AB (publ). Director, Nordic Capital. Analyst, Morgan Stanley

Shares in Idun: 3,310,240 series A shares and 127,280 series B shares (through company)

Board Member since 2013. Dependent in relation to Idun and its key management, dependent in relation to major shareholders

Auditor and Certified Adviser

AUDITOR

PwC was appointed at the AGM in April, 2022, until the next AGM in 2023. Peter Kangas is the Auditor in charge.

Address
PwC Sverige, Box 4070, SE-131 04 Nacka

CERTIFIED ADVISER

Idun’s Certified Adviser is Avanza Bank AB, ca@avanza.se, +46 (0)8 562 250 00

Adress
Avanza Bank AB, Regeringsgatan 103, SE-111 39 Stockholm

Shareholders

Owner Series A Series B Capital% Votes%
BTG Holding AB 3,310,240 127,280 32.3% 82.2%
Aristo Capital AG   809,510 7.6% 2.0%
UMR Invest AB   655,705 6.2% 1.6%
Omar Alghanim   631,790 5.9% 1.6%
Mindustri AB   630,560 5.9% 1.6%
Avanza Pension   514,358 4.8% 1.3%
Enter Småbolagsfond   510,472 4.8% 1.3%
Luliem Capital AB   396,691 3.7% 1.0%
Alcur Fonder   332,616 3.1% 0.8%
Handelsbanken Fonder   271,701 2.6% 0.7%
Ten largest shareholders 3,310,240 4,880,683 77.0% 93.9%
Residual   2,451,884 23.0% 6.1%
Total 3,310,240 7,332,567 100.0% 100.0%
As of 03/31/2022        

IPO

Disclaimer

Viktig information

Åtkomst till informationen och dokumenten på denna del av Idun Industrier AB (publ):s (”Bolaget”) webbplats är begränsad av regulatoriska skäl. Du uppmanas att granska följande information och lämna följande bekräftelse varje gång du söker få åtkomst till denna begränsade information. Din bekräftelse måste vara korrekt och rättvisande.

Informationen och dokumenten på denna del av Bolagets webbplats är endast avsedd för, och får enbart åtkommas av, distribueras eller spridas, direkt eller indirekt, helt eller delvis, till allmänheten i Sverige och till institutionella investerare i Sverige och internationellt i enlighet med gällande regler och tillämpliga undantag.

Informationen och dokumenten på denna del av Bolagets webbplats är inte avsedd för, och får inte, direkt eller indirekt, helt eller delvis, publiceras eller distribueras eller spridas till personer som bor eller befinner sig i Australien, Hong Kong, Japan, Kanada, Nya Zeeland, Schweiz, Singapore, Sydafrika eller USA eller någon annan jurisdiktion där sådan åtgärd kan utgöra brott mot lokala värdepapperslagar eller bestämmelser, och utgör inte ett erbjudande att sälja, eller en anfordran om att lämna ett erbjudande att köpa eller förvärva, aktier eller andra värdepapper i Bolaget i Australien, Hong Kong, Japan, Kanada, Nya Zeeland, Schweiz, Singapore, Sydafrika eller USA eller någon annan jurisdiktion där sådan åtgärd kan utgöra brott mot lokala värdepapperslagar eller bestämmelser i sådan jurisdiktion.

Aktierna som omnämns på denna webbplats (”Värdepapperna”) har inte registrerats och kommer inte att registreras enligt United States Securities Act från 1933 i dess nuvarande lydelse (”Securities Act”) eller enligt värdepapperslagstiftningen i någon delstat eller annan jurisdiktion i USA och får inte erbjudas, säljas eller på annat sätt överföras, direkt eller indirekt, i eller till USA, förutom enligt ett tillämpligt undantag från eller genom en transaktion som inte omfattas av registreringskraven i Securities Act och i enlighet med värdepapperslagstiftningen i relevant delstat eller annan jurisdiktion i USA. Det kommer inte att genomföras något erbjudande till allmänheten i USA. Värdepapperen har varken godkänts eller underkänts av amerikanska Securities and Exchange Commission, någon delstatlig värdepappersmyndighet eller annan myndighet i USA. Inte heller har någon sådan myndighet bedömt eller uttalat sig om riktigheten eller tillförlitligheten av prospektet. Att påstå motsatsen kan utgöra en brottslig handling i USA.

I Storbritannien får informationen och dokumenten på denna del av Bolagets webbplats distribueras och riktas endast till (i) professionella investerare som omfattas av artikel 19 (5) i Financial Services and Markets Act 2000 (Financial Promotion) (”Ordern”), (ii) kapitalstarka enheter (Eng. high net-worth entities) enligt artikel 49 (2) (a) till (d) i Ordern, och (iii) andra personer till vilka informationen och dokumenten lagligen kan delges (alla sådana personer benämns gemensamt (”Relevanta Personer”). Informationen på denna del av Bolagets webbplats riktar sig endast till Relevanta Personer och får inte användas eller åberopas av personer som inte är Relevanta Personer.

Värdepapperna har vidare inte registrerats och kommer inte att registreras enligt någon tillämplig värdepapperslagstiftning i Australien, Hong Kong, Japan, Kanada, Nya Zeeland, Schweiz, Singapore eller Sydafrika och får, med vissa undantag, inte erbjudas eller säljas till eller inom, eller för en persons räkning eller till förmån för en person som är folkbokförd, befinner sig eller är bosatt i Australien, Hong Kong, Japan, Kanada, Nya Zeeland, Schweiz, Singapore eller Sydafrika. Det kommer inte lämnas något erbjudande till allmänheten i Australien, Hong Kong, Japan, Kanada, Nya Zeeland, Schweiz, Singapore eller Sydafrika att förvärva Värdepapperna.

Inom det Europeiska ekonomiska samarbetsområdet (”EES”) lämnas inget erbjudande till allmänheten av aktier i andra jurisdiktioner än Sverige. I andra medlemsländer i EES i vilka Europaparlamentets och Rådets Förordning (EU) 2017/1129 (”Prospektförordningen”) gäller, direkt eller genom implementering, kan ett sådant erbjudande endast lämnas i enlighet med undantag i Prospektförordningen.

Åtkomst till informationen och dokumenten på denna del av Bolagets webbplats kan vara olaglig i vissa jurisdiktioner, och endast vissa kategorier av personer kan tillåtas åtkomst till denna information och dessa dokument. Samtliga personer som önskar åtkomst till informationen och dokumenten på denna del av Bolagets webbplatsen måste först försäkra sig om att de inte är föremål för lokala lagar eller bestämmelser som förbjuder eller inskränker deras rätt till åtkomst av denna del av webbplatsen, eller om deras förvärv av Värdepapperen kräver registrering eller godkännande. Sådan registrering eller sådant godkännande kommer inte inhämtas. Bolaget tar inget ansvar för någon persons brott mot tillämpliga lagar och bestämmelser.

Om du är obehörig att ta del av informationen och dokumenten på denna del av Bolagets webbplats, eller om du är tveksam huruvida du är behörig att ta del av denna information och dessa dokument, vänligen lämna denna del av Bolagets webbplats.

Härmed bekräftar jag att:

•Jag inte befinner mig i, eller har hemvist i Australien, Hong Kong, Japan, Kanada, Nya Zeeland, Schweiz, Singapore eller Sydafrika;

• Jag är behörig att ta del av information och dokumentation som finns på den här delen av webbplatsen utan några legala restriktioner och utan att Bolaget behöver vidta några åtgärder;

• Jag inte kommer att överföra eller sända information från den här webbplatsen till publikationer med spridning i USA; och

• Jag har läst, förstått och samtycker till att följa samtliga restriktioner som framgår ovan.



Bond

No action is being taken in any jurisdiction that would or is intended to permit a public offering of the bonds or the possession, circulation or distribution of any document or other material relating to Idun or the Bonds in any jurisdiction other than Sweden, where action for that purpose is required. Persons into whose possession this document comes are required to inform themselves about, and to observe, such restrictions.

The Bonds have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and are subject to U.S. tax law requirements. The Bonds may not be offered, sold or delivered within the United States of America or to, or for the account or benefit of, U.S. persons.



IR-kontakter

Karl-Emil Engström

CEO

  • Phone: 070 - 821 70 74
  • Email: karl-emil.engstrom@idun.com

Oskar Samuelsson

CFO

  • Phone: 070 - 966 13 25
  • Email: oskar.samuelsson@idun.com

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