L E Lundbergföretagen AB is an investment company that manages and develops a number of companies based on long-term, active ownership. Clear leadership, responsibility and sound, sustainable business acumen, along with a solid financial positioning, are important values that characterize Lundbergs’ approach. Through growth in dividends and net asset value, the objective is to generate a return for shareholders that comfortably meets the market’s return requirement.
Lundbergs invests in real estate and publicly traded companies. The portfolio of assets includes the wholly owned business Lundbergs Fastigheter, the subsidiaries Holmen and Hufvudstaden and the associated companies Husqvarna, Industrivärden and Indutrade. Lundbergs also has major shareholdings in Alleima, Handelsbanken, Sandvik and Skanska.
Rubrik
CEO Comments
Ownership is a demanding job and is vital for success.
Broad accountability is important and establishes a good platform for success.
Lundbergs’ cash flow is strong and enables new investments to be made without increasing our debt.
Strategy
Lundbergs’ objective is to generate a return for shareholders that comfortably meets the market’s return requirement. This is achieved through growth in dividends and net asset value.
Lundbergs is an investment company that manages and develops a number of portfolio companies based on long-term, active ownership.
A favorable return and value growth are to be achieved by Lundbergs
being an active owner in its portfolio companies
investing in accordance with clear criteria
having a strong financial position that creates freedom of action.
Value Creation
Active ownership aimed at developing the companies over the long term promotes value creation for shareholders, the portfolio companies and society.
Lundbergs invests for the long term, based on financial strength and a solid understanding of its portfolio companies. This creates stability and freedom of action for the companies to develop and to invest in sustainable, profitable operations.
Business Structure
Lundbergs’ ownership takes its start-ing point in a sound understanding of its portfolio companies and the conditions under which they operate. The boards of directors of the portfolio companies play an important role in their companies’ development and take decisions on overall strategies. Lundbergs’ active ownership is effect-ed through genuine and committed work on the companies’ boards. A board of directors that possesses broad competence has greater potential to see the big picture and, at the same time, identify material risks and opportunities. Being engaged in the nomination committees’ work to appoint the companies’ boards of directors is thus one of Lundbergs’ priority areas for promoting sustainable value creation. Lundbergs places particular emphasis on the selection of the chair of the board in the respective companies. Ownership is also characterized by a strong belief in the management’s importance to the success of the companies and in competent leaders taking and being given responsibility. Decentralization is crucial for the companies’ successful development.
Our portfolio
Lundbergs invests in real estate and publicly traded companies. The portfolio of assets includes the wholly owned business Lundbergs Fastigheter, the subsidiaries Holmen and Hufvudstaden and the associated companies Husqvarna, Industrivärden and Indutrade. Lundbergs also has major shareholdings in Alleima, Handelsbanken, Sandvik and Skanska.
History
In 1944, when Lars Erik Lundberg was only 24, he formed the company that was later to become Lundbergs in his apartment in Norrköping. This company engaged in construction operations and focused on residential building. From an early stage, Lars Erik aimed to master the entire building process from land acquisition to finished product, a full-service construction business.
In 1983, the shares in Lundbergs, with Fredrik Lundberg as President, were listed on the Stockholm Stock Exchange. From its original status as a wholly owned family company, the step was now fully taken into the glare of the public eye. However, the Lundberg family retained a clear majority holding in the Company.
Consequently, during more than 75 years, Lundbergs has developed from a construction company to an investment company with interests in various fields.