Administration Report
Parent company
The operations of the parent company AddLife AB comprise Group Management, business area management, consolidated reporting and financial management.
The parent company's net sales amounted to SEK 75 million (64) and profit after financial items was SEK -55 million (171). Balance sheet appropriations include Group contributions received of SEK 145 million (184) and Group contributions paid of SEK -10 million (-106). Cash flow from investing activities amounts to SEK 34 million (445). The parent company's financial net debt at the close of the financial year amounted to SEK 4,393 million (4,591).
Share capital, share repurchases, incentive programmes and dividends
On December 31, 2024, the parent company’s share capital amounted to SEK 62,358,949 divided into the number of shares shown below with a nominal value of SEK 0.51 per share.
The total number of shares amounts to 122,450,250, including 4,572,796 class A shares and 117,877,454 class B shares.
On December 31, 2024 the number of stockholders was 11,620 (14,142).
The Company's class B shares are listed on Nasdaq Stockholm. Two owners each control 10 percent or more of the voting rights. They are RoosGruppen AB (Håkan Roos through companies) with an ownership stake corresponding to 16.0 percent of votes, and Tom Hedelius, who owns shares corresponding to 12.7 percent of votes.
According to Chapter 6, Section 2a of the Swedish Annual Accounts Act, listed companies are required to disclose specific circumstances that may affect the possibility of a take-over of the company through a public offer for shares in the company. Most of the credit lines granted may be terminated in the event that the company is delisted from Nasdaq Stockholm, or that shareholders other than the current principal shareholders acquire more than 50 percent of the capital or voting rights.
Repurchase of treasury shares and incentive programs
In May 2024 the Annual General Meeting authorised the Board of Directors during the period up until the 2025 Annual General Meeting to buy back a maximum of ten percent of all shares in the company.
The repurchased shares are intended to cover the company's commitment to outstanding call option programs. No shares were repurchased during the financial year. The average number of class B treasury shares held during the financial year was 587,298 (593,759). At year-end the number of class B treasury shares was 587,298 (593,189) with an average purchase price of SEK 100.56 (100.56). The shares account for 0.5 percent (0.5) of shares issued and 0.4 percent (0.4) of votes.
At the end of the year AddLife had three outstanding incentive programmes based on call options, corresponding to a total of 605,800 of the class B shares. Call options issued on repurchased shares during the financial year had an estimated dilution effect based on the average share price for the period of approximately 0.0 percent (0.0).
AddLife has an outstanding incentive programme based on performance shares corresponding to a maximum of 141,500 of the Company's class B shares, which corresponds to approximately 0.1 percent of the total number of shares. The participant receives performance shares provided that the employment remains, the investment shares are retained and the performance conditions are met. These are based on average annual earnings growth (EBITA) during the period January 1, 2024-December 31, 2026 and sustainability-related targets.
The Board of Directors intends to propose to the Annual General Meeting in May 2025 an incentive programme according to the same, or substantially similar, model as decided at the Annual General Meeting in 2024.