What does Ratos stand for?
It stands for Ragnar and Torsten Söderberg. They were the grandsons of the founder of Söderberg & Haak, the originator of what later became Ratos.
When was Ratos founded?
Ratos originated in the steel wholesaler Söderberg & Haak which was founded back in 1866. The company’s business was then developed to include investments in companies with operations primarily in trade and engineering, as well as a portfolio of listed shares. The name was changed to Ratos in 1934 and the company was listed in 1954. Read more about Ratos's history.
What is your business mission?
Ratos is an investment company that acquires, develops and divests mainly unlisted Nordic companies. Over time, Ratos is to generate the highest possible return by actively exercising its ownership to realise the potential of a number of selected companies and investment situations. In this, Ratos provides stock market players with a unique investment opportunity. Read more about Ratos's vision, business concept and investment strategy.
How many employees does Ratos have?
We are a total of approximately 50 people at the head office in Stockholm, of whom half work within the investment organisation. Read more about Ratos's organisation.
Why don’t you focus on one or a few sectors where you can become specialists?
Our expertise is not sector-specific but is primarily within strategic business development, structural issues, financial analysis and our network of experienced industry players. Our financial strength is also a significant factor for our ability to do deals.
We acquire specific industry knowledge through our network and in special cases we engage industry expertise such as consultants.
Do you participate in start-ups?
As a rule Ratos does not invest in the early phases of companies’ life cycles. The investment size (equity) ranges between SEK 250m and SEK 5,000m. For further information about our investment strategy, please click here.
What does the investment process look like at Ratos?
Companies with clear potential for development, employees with strong drive and innovative ideas, and the potential to meet Ratos’s required return target are interesting investment opportunities. Ratos mainly invests in unlisted companies in the Nordic countries, and ideally in partnership with entrepreneurs and other owners who see the advantage of our profile, flexible ownership horizon and sound values. Every year Ratos analyses many interesting investment opportunities, where only a few lead to acquisitions. Most ideas are generated within Ratos’s investment organisation while others come from our Nordic network. We participate in processes driven by investment banks and other advisors, too. Read more about the investment process here and how Ratos works here.
Does Ratos invest in all sectors?
Ratos invests in all sectors apart from in companies that operate in the arms industry, contribute to environmental damage, produce or actively provide pornography or manufacture tobacco products. Otherwise we are “creative opportunists”. The most important thing for Ratos is to invest in companies that help to raise value for co-owners, the company itself and our shareholders.
What is Ratos’s total return performance?
From 1999-2015, the combined total return amounts to +814% which can be compared with the SIX Return Index of +342%. 2015 the total return amounted to +9% compared with the SIX Return Index of +10%.
What is Ratos’s dividend policy for the ordinary share?
Dividends on ordinary shares will, over time, reflect the actual earnings trend in Ratos. The aim is to have an even dividend trend. Historically over 50% of profit after tax has been distributed as a dividend.
For the 2015 financial year a dividend of SEK 3.25 per A and B share was paid. The dividend for the preference shares is in accordance with the Articles of Association and totals SEK 100 per year (paid quarterly).
Do the share classes entitle different voting rights?
Ratos has three share classes – A shares, B shares and preference shares. One A share carries entitlement to one vote. One B share and one preference share respectively carries entitlement to one-tenth of a vote (0.1).
When do shares have to be purchased in order to be eligible for dividends?
A and B shares must be purchased on the same day as the AGM at the latest.
The preference shares entitle a quarterly dividend of SEK 25 per quarter that is paid in February, May, August and November.
When are dividends paid?
Dividends are normally paid about 5 banking days after the AGM.
Dividend for the preference share is paid quarterly, about 3 banking days after the record date.
More information regarding the dividend.
Where can I find details of historical share price performance?
Historical share price data for Ratos B shares can be found under Investor Relations/share information.
Why does Ratos buy back its own shares?
The purpose of the purchase of treasury shares is to give the Board more alternatives in its work to create value for the company’s shareholders. This includes hedging of call options issued within the framework of Ratos’s incentive programme. Repurchased shares have no voting rights and at the end of March 2016 Ratos owned 5,126,262 B shares, corresponding to 1.6% of the total shares.