Five year summary



2019

2018

2017

2016

2015

SEK M








Sales and results








Net sales



14817

13015

9830

9045

8361

Other operating income etc



28

20

21

39

19

Operating expenses excluding amortisation



−13191

−11843

−9041

−8413

−7743

Amortisation



−424

−106

−85

−78

−69

Operating profit



1 230

1 085

725

593

567









Net interest income and expenses



−56

−31

−26

−33

−42

Profit before taxes



1 174

1 055

699

560

525









Taxes



−301

−275

−178

−161

−152

Net profit for the year



873

780

521

399

373









Attributable to:








Parent company's shareholders



864

769

511

389

366

Non-controlling interests



9

10

10

10

7









Capital structure








Cash & bank including unutilised bank overdraft facilities



1 184

1 202

983

782

751

Shareholders' equity



4 369

3 785

3 294

2 967

2 634

Capital employed (1)



8 374

7 223

5 513

5 147

4 504

Operating capital (2)



7 538

6 288

4 929

4 780

4 070

Interest-bearing liabilities



4 002

3 431

2 208

2 157

1 831

Total assets



11 079

9 845

7 463

6 855

6 040









Key figures(3)








Equity ratio, % (4)



39.4

38.4

44.1

43.3

43.6

Return on equity after full tax, % (5)



21.4

22.0

16.6

14.2

14.2

Return on capital employed, % (6)



15.9

17.3

13.7

12.3

13.0

Return on operating capital, % (7)



17.8

19.4

14.9

13.4

14.1

Interest coverage ratio (8)



18.4

25.0

23.2

16.6

11.9

Debt ratio (9)



0.7

0.7

0.5

0.6

0.6

Operating margin, % (10)



8.3

8.3

7.4

6.6

6.8









Other information








Average number of employees



3 869

3 703

2 717

2 667

2 506

   of whom outside Sweden



3 758

3 598

2 616

2 566

2 411

Payroll excluding social security contributions



1 648

1 398

1 056

1 006

1 025

   of whom outside Sweden



1 569

1 325

988

944

967

Cash flow from investment operations



137

1 081

101

80

237

































Definitions
















(1) Total assets minus non-interest-bearing liabilities including deferred tax.








(2) Capital employed minus liquid funds, financial assets and other interest-bearing assets.








(3) The profit/loss items in the Group's key figures relate to remaining operations for all periods.








(4) Shareholders' equity including holdings with no controlling influence as a percentage of total assets.








(5) Profit after tax as a percentage of average equity.








(6) Profit before taxes plus financial costs as a percentage of average capital employed.








(7) Operating profit as a percentage of average operating capital.








(8) Profit before taxes plus financial costs divided by financial costs.








(9) Net debt divided by equity.








(10) Operating profit as a percentage of net sales for the year.