Investor's view
Lindorff has a good business mix with its two business areas, Collection and Capital. Collection’s service-driven business model has low capital requirements and provides a stable earnings base. Capital has the capacity and ability to pursue portfolio acquisitions with good yield. The growth rate can be adapted to Lindorff’s growth ambitions and market opportunities. We expect Lindorff to act on value creating opportunities in Europe. Internally, Lindorff should continue to focus on improving efficiency and operational excellence, as well as integrating recently made acquisitions. We remain confident in Lindorff’s long-term growth potential.

2011 2012 2013
Net sales, EUR m. 337 378 407
EBITdA, % 28 31 34
Net debt (+)/net cash (-), EUR m. 669 764 745
Value of holding, SEK m. 4,337 4,484 4,96
Share of capital, % 58 58 58
Share of votes, % 50 50 50
Share of Investor's total assets, % 2 2 2