Investor Relations
Welcome to Nilar’s investor relations page
On this page, you will find information to gain an understanding of Nilar’s financial performance and corporate governance.
IR Contact: Erik Oldmark, CEO +46 70 432 4444, erik.oldmark@nilar.com

Auditors
At the Annual General Meeting on 25 May, 2023, the auditing company BDO Mälardalen was elected as a registered auditing company for the period until the end of the Annual General Meeting 2024 with Niclas Nordström (authorized public accountant) as the principal auditor.
BDO Mälardalen AB has been the company’s auditor since May 2023. The auditor receives fees according to the invoice, which is in accordance with a decision at the Annual General Meeting.
Audit & Remuneration Committees
Audit committee: Britta Dalunde (chairman), Gunnar Wieslander (chairman of the board) and Peter Wesslau.
Remuneration committee: Marie Fossum Strannegård (chairman), Gunnar Wieslander (chairman of the board) and Marko Allikson.

Financial information
Nilar’s financial reports have since the Annual Report 2013 been prepared in accordance with IFRS (International Financial Reporting Standards).

Financial reports & presentations
Find and download financial reports and presentations about Nilar International AB.
Annual reports
Årsredovisning 2022 (Swedish)
Annual Report 2022 (English)
Årsredovisning 2021 (Swedish)
Annual Report 2021 (English)
Årsredovisning 2020 (Swedish)
Annual Report 2020 (English)
Årsredovisning 2019 (Swedish)
Annual Report 2019 (English)
Årsredovisning 2018 (Swedish)
Annual report 2018 (English)
Årsredovisning 2017 (Swedish)
Annual report 2017 (English) – not available
Årsredovisning 2016 (Swedish)
Annual report 2016 (English)
Årsredovisning 2015 (Swedish)
Annual report 2015 (English)
Årsredovisning 2014 (Swedish)
Årsredovisning 2013 (Swedish)
Quarterly reports
Interim report Q2 2023 (English)
Delårsrapport Q2 2023 (Swedish)
Interim report Q1 2023 (English)
Delårsrapport Q1 2023 (Swedish)
Year-end report 2022 (English)
Bokslutskommuniké 2022 (Swedish)
Interim report Q3 2022 (English)
Delårsrapport Q3 2022 (Swedish).
Interim report Q2 2022 (English)
Delårsrapport Q2 2022 (Swedish).
Interim report Q1 2022 (English)
Delårsrapport Q1 2022 (Swedish).
Year-end report 2021 (English)
Bokslutskommuniké 2021 (Swedish)
Interim report Q3 2021 (English)
Delårsrapport Q3 2021 (Swedish).
Interim report Q2 2021 (English)
Delårsrapport Q2 2021 (Swedish).
Interim report Q2 2021: Presentation (English)
Interim report Q1 2021 (English)
Delårsrapport Q1 2021 (Swedish).
Bokslutskommuniké 2020 (Swedish)
Delårsrapport Q3 2020 (Swedish)
Delårsrapport Q2 2020 (Swedish)
Delårsrapport Q1 2020 (Swedish)
Bokslutskommuniké 2019 (Swedish)
Delårsrapport Q3 2019 (Swedish)
Delårsrapport/Interim report Q2 2019 (Swedish+English)
Delårsrapport/Interim report Q1 2019 (Swedish+English)
Bokslutskommuniké/Year-end report 2018 (Swedish+English)
Delårsrapport/Interim report Q3 2018 (Swedish+English)
Delårsrapport/Interim report Q2 2018 (Swedish+English)
Delårsrapport/Interim report Q1 2018 (Swedish+English)
Bokslutskommuniké/Year-end report 2017 (Swedish+English)
Delårsrapport/Interim report Q3 2017 (Swedish+English)
Delårsrapport/Interim report Q2 2017 (Swedish+English)
Delårsrapport/Interim report Q1 2017 (Swedish+English)
Bokslutskommuniké/Year-end report 2016 (Swedish+English)
Delårsrapport/Interim report Q3 2016 (Swedish+English)
Key figures for the group
IFRS, Audited.
MSEK | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
Income statement | |||||||
Revenue | 0.3 | 17.8 | 25.2 | 10.4 | 3.4 | 3.4 | 3.4 |
Gross profit | -150.3 | -479.5 | -199.2 | -151.1 | -35.7 | -35.7 | -35.7 |
EBITDA | -185.8 | -382.1 | -223.4 | -183.0 | -77.8 | -77.8 | -77.8 |
Operating profit / EBIT | -249.1 | -596.4 | -284.0 | -221.7 | -89.9 | -89.9 | -89.9 |
Profit/loss before tax | -287.5 | -600.5 | -342.9 | -238.5 | -91.1 | -91.1 | -91.1 |
Profit/loss after tax | -287.5 | -600.5 | -342.9 | -238.5 | -91.1 | -91.1 | -91.1 |
Other | |||||||
Depreciation | -63.2 | -76.8 | -60.7 | -38.8 | -12.1 | -12.1 | -12.1 |
intangible fixed assets | 0.0 | -31.6 | -30.9 | -28.2 | -7.3 | -7.3 | -7.3 |
tangible fixed assets | -53.9 | -39.8 | -24.9 | -6.9 | -4.7 | -4.7 | -4.7 |
Capitalised expenses for development work | 5.9 | 23.4 | 30.4 | 26.8 | 17.4 | 17.4 | 17.4 |
Full-time equivalent employees, number | 110 | 185 | 127 | 90 | 48 | ||
Cash flow from | |||||||
operating activities | -217.9 | -446.6 | -211.6 | -153.9 | -73.6 | -153.9 | -73.6 |
investing activities | -48.2 | -215.1 | -111.5 | -135.2 | -45.6 | -135.2 | -45.6 |
financing activities | 240.0 | 818.5 | 233.6 | 420.0 | 76.9 | 420.0 | 76.9 |
Cash flow for the period | -26.1 | 156.8 | -89.4 | 130.9 | -42.3 | 130.9 | -42.3 |
Ordinary shares and share options in issue, thousand | |||||||
Weighted average number of ordinary shares in issue | 229,973.0 | 32,285.1 | 4,589.3 | 4,047.7 | 3,281.2 | 4,047.7 | 3,281.2 |
Weighted average number of share options in issue | 250.3 | 260.3 | 56.1 | 149.5 | 275.3 | 149.5 | 275.3 |
Weighted number of ordinary shares after dilution | 182,630.2 | 37,877.8 | 4,658.8 | 4,197.2 | 3,556.5 | 4,197.2 | 3,556.5 |
MSEK | 22/12/31 | 21/12/31 | 20/12/31 | 19/12/31 | 18/12/31 | 17/12/31 | 16/12/31 |
Balance sheet | |||||||
Non-current assets | 462,3 | 440,9 | 421,0 | 370,4 | 232,8 | 198,5 | 178,9 |
Current assets | 324,7 | 374,3 | 155,3 | 195,5 | 56,1 | 86,2 | 27,9 |
Total assets | 787,0 | 815,2 | 576,4 | 565,9 | 288,9 | 284,7 | 206,8 |
Equity | 450,4 | 491,5 | 103,1 | 275,8 | 201,3 | 274,3 | 186,0 |
Non-current liabilities | 222,6 | 181,2 | 119,1 | 33,0 | – | – | – |
Current liabilities | 114,0 | 142,5 | 354,1 | 257,1 | 87,5 | 10,4 | 20,7 |
Total equity and liabilities | 787,0 | 815,2 | 576,4 | 565,9 | 565,9 | 284,7 | 206,8 |
Other | |||||||
Patents | 1,2 | 1,1 | 0,5 | 1,2 | 1,5 | 2,0 | 2,5 |
Capitalised expenditure for development | 44,6 | 38,7 | 184,3 | 190,8 | 191,8 | 181,3 | 164,1 |
Property, plant and equipment | 168,7 | 193,2 | 146,4 | 60,5 | 16,2 | 7,0 | 10,2 |
Fixed assets under construction | 174,6 | 155,1 | 50,6 | 80,4 | 23,2 | 8,2 | 5,7 |
Inventory | 101,9 | 99,3 | 42,0 | 17,6 | 8,0 | 4,7 | 5,7 |
Cash and cash equivalents | 204,7 | 230,7 | 73,9 | 163,4 | 32,5 | 74,8 | 17,6 |
Equity/asset ratio, % | 57 % | 60 % | 18 % | 49 % | 70 % | 96 % | 90 % |
Debt ratio, times | 0,7 | 0,7 | 4,6 | 1,0 | 0,4 | 0,0 | 0,0 |
Ordinary shares and share options in issue at end of period, thousand | |||||||
Shares in issue at end of period | 318 582,3 | 45 511,7 | 5 025,2 | 4 431,9 | 3 451,0 | 3 270,6 | 2 615,5 |
Share options in issue at end of period | 250,3 | 260,3 | 170,6 | 149,5 | 149,5 | 319,9 | 320,6 |
Latest regulatory Press Releases
Marie Fossum Strannegård leaves Nilar's Board of Directors
Nilar International AB Interim Report Q2 2023
Nilar presents updated business plan, adopts new targets for the period up to and including 2027 and reviews the company's financing alternatives
Announcement from Nilar International AB's annual general meeting
Nilar International AB Interim Report Q1 2023
Nilar signs record offtake agreement - Indutecc orders batteries for SEK 110 million
Notice of annual general meeting in Nilar International AB
Nilar International AB publishes Annual Report for 2022
Announcement from Nilar International AB's extra general meeting
Corporate governance
Good corporate governance helps to build an environment of trust, transparency and accountability necessary for fostering long-term investment, financial stability and business integrity, thereby supporting stronger growth and more inclusive societies.
General meetings
Here you find information related to our general meetings.
Articles of association
for public company
Nilar International AB,
reg.no 556600-2977
Board Committees
All you need to know about our Remunaration and Audit committees.
Nomination Committee
All you need to know about our Nomination committee.
Incentive Programmes
All you need to know about our Incentive Programmes.
Remuneration guidelines
Guidelines for remuneration to senior executives.
Calendar
Coming events
- Year-end report and fourth quarter interim report 2022: 16 February 2023
- Annual report 2022: 13 April 2023
- First quarter interim report 2023: 9 May 2023
- Annual General meeting: 25 May 2023
- Second quarter interim report 2023: 11 August 2023
- Third quarter interim report 2023: 1 November 2023