Mips Logo

Mips

ISIN: SE0009216278 | Ticker: MIPS | LEI: 549300LZSA4S0L54VQ25
Sector: Consumer DiscretionarySub-Industry: Leisure Products
Country: Sweden

About Mips

Company Description

Mips is an innovative company focusing on science-based product development. The secret behind Mips’ patented technology comes from the human brain. The brain is surrounded by a low-friction cushion of cerebrospinal fluid. Mips mimics the brain’s own way of protecting itself by giving the Mips®-equipped helmet its own low-friction layer between the helmet and the head. The Mips® low friction layer can absorb a portion of the energy created by an angled impact by enabling the helmet to slide relative to the head on impact.

Year founded

2001

Headquarters

Kemistvägen 1B, 18379 Täby – Sweden

Financial statements

Download as Excel
Line item in (sek) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A 517,000,000.00 756,000,000.00 767,000,000.00
Noncurrent Assets N/A 77,000,000.00 76,000,000.00 104,000,000.00
Property Plant And Equipment N/A 11,000,000.00 11,000,000.00 13,000,000.00
Intangible Assets Other Than Goodwill N/A 55,000,000.00 56,000,000.00 72,000,000.00
Deferred Tax Assets N/A 0.00 0.00 0.00
Other Noncurrent Financial Assets N/A 0.00 0.00 0.00
Current Assets N/A 440,000,000.00 680,000,000.00 663,000,000.00
Inventories N/A 3,000,000.00 10,000,000.00 6,000,000.00
Current Trade Receivables N/A 138,000,000.00 200,000,000.00 110,000,000.00
Current Prepayments And Current Accrued Income Other Than Current Contract Assets N/A N/A 5,000,000.00 9,000,000.00
Other Current Receivables N/A 20,000,000.00 15,000,000.00 5,000,000.00
Cash and cash equivalents 192,000,000.00 272,000,000.00 450,000,000.00 532,000,000.00
Cash N/A 91,000,000.00 89,000,000.00 152,000,000.00
Shortterm Investments Classified As Cash Equivalents N/A 181,000,000.00 361,000,000.00 381,000,000.00
Equity And Liabilities N/A 517,000,000.00 756,000,000.00 767,000,000.00
Equity 298,000,000.00 426,000,000.00 577,000,000.00 626,000,000.00
Issued Capital N/A 3,000,000.00 3,000,000.00 3,000,000.00
Retained Earnings N/A 139,000,000.00 303,000,000.00 348,000,000.00
Other Reserves N/A 10,000,000.00 -3,000,000.00 2,000,000.00
Additional Paidin Capital N/A 274,000,000.00 274,000,000.00 274,000,000.00
Noncurrent Liabilities N/A 14,000,000.00 5,000,000.00 24,000,000.00
Deferred Tax Liabilities N/A 6,000,000.00 1,000,000.00 2,000,000.00
Other Noncurrent Nonfinancial Liabilities N/A 0.00 0.00 9,000,000.00
Current Liabilities N/A 77,000,000.00 174,000,000.00 117,000,000.00
Trade And Other Current Payables To Trade Suppliers N/A 33,000,000.00 70,000,000.00 29,000,000.00
Current Tax Liabilities Current N/A 18,000,000.00 57,000,000.00 48,000,000.00
Other Current Liabilities N/A 5,000,000.00 20,000,000.00 11,000,000.00
Line item in (sek) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue 365,000,000.00 608,000,000.00 563,000,000.00
Profit Loss From Operating Activities 167,000,000.00 326,000,000.00 229,000,000.00
Finance Income 1,000,000.00 4,000,000.00 3,000,000.00
Finance Costs 3,000,000.00 2,000,000.00 9,000,000.00
Profit Loss Before Tax 165,000,000.00 328,000,000.00 223,000,000.00
Income Tax Expense Continuing Operations 36,000,000.00 73,000,000.00 48,000,000.00
Profit (loss) 129,000,000.00 255,000,000.00 175,000,000.00
Line item in (sek) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Profit (loss) N/A 129,000,000.00 255,000,000.00 175,000,000.00
Adjustments For Decrease Increase In Inventories N/A -1,000,000.00 -6,000,000.00 4,000,000.00
Adjustments For Decrease Increase In Other Operating Receivables N/A -63,000,000.00 -58,000,000.00 100,000,000.00
Adjustments For Increase Decrease In Other Operating Payables N/A 20,000,000.00 47,000,000.00 -54,000,000.00
Cash Flows From Used In Operating Activities N/A 116,000,000.00 277,000,000.00 236,000,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 10,000,000.00 4,000,000.00 6,000,000.00
Purchase Of Intangible Assets Classified As Investing Activities N/A 5,000,000.00 6,000,000.00 15,000,000.00
Cash Flows From Used In Investing Activities N/A -15,000,000.00 -11,000,000.00 -22,000,000.00
Payments To Acquire Or Redeem Entitys Shares N/A 3,000,000.00 0.00 N/A
Payments Of Lease Liabilities Classified As Financing Activities N/A 4,000,000.00 3,000,000.00 5,000,000.00
Dividends Paid Classified As Financing Activities N/A 79,000,000.00 92,000,000.00 131,000,000.00
Cash Flows From Used In Financing Activities N/A -15,000,000.00 -95,000,000.00 -136,000,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A -4,000,000.00 6,000,000.00 4,000,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A 85,000,000.00 171,000,000.00 78,000,000.00
Cash and cash equivalents 192,000,000.00 272,000,000.00 450,000,000.00 532,000,000.00

Please note that some sums might not add up.

Filings & Publications

2022

Report
Q1
H1
Q3
FY
Consolidated Report
SWE
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2021

Report
Q1
H1
Q3
FY
Consolidated Report
SWE
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

Insider Trades

Date Trading entity / Person Association Trade type Volume
14.09.23 John Fredrik Kjellberg Other Sell SEK 3,705,837.00
03.03.23 Maria Hedengren Other Buy SEK 98,254.00
18.10.22 Thomas Bräutigam Other Buy SEK 609,594.40
17.10.22 Thomas Bräutigam Other Buy SEK 907,927.80
06.05.22 Thomas Bräutigam Other Buy SEK 580,600.00
05.05.22 Thomas Bräutigam Other Buy SEK 1,253,200.00
07.03.22 Jonas Rahmn Other Buy SEK 75,301.25
07.03.22 Jonas Rahmn Other Buy SEK 66,317.00
07.03.22 Jonas Rahmn Other Buy SEK 63,495.00
07.03.22 Jonas Rahmn Other Buy SEK 63,405.00

Short Interest


Current short interest

Position Holder Short Interest in Percent Date
AKO Capital LLP 1.42% 08.02.24
Total 1.42%

Capital markets information

ISIN

SE0009216278

LEI

549300LZSA4S0L54VQ25

Sector

Consumer Discretionary

Industry Group

Consumer Durables & Apparel

Industry

Leisure Products

Sub-Industry

Leisure Products

Listed Stock Exchange

Nasdaq Stockholm

Contact Investor Relations department

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