Five year summary



2018

2017

2016

2015

2014

SEK M








Sales and results








Net sales



13015

9 830

9 045

8 361

7 189

Other operating income etc



20

21

39

19

21

Operating expenses excluding amortisation



−11843

−9041

−8413

−7743

−6 666

Amortisation



−106

−85

−78

−69

−62

Operating profit



1 085

725

593

567

481









Net interest income and expenses



−31

−26

−33

−42

−35

Profit before taxes



1 055

699

560

525

447









Taxes



−275

−178

−161

−152

−122

Net profit for the year



780

521

399

373

325









Attributable to:








Parent company's shareholders



769

511

389

366

316

Non-controlling interests



10

10

10

7

8









Capital structure








Cash & bank including unutilised bank overdraft facilities



1 202

983

782

751

504

Shareholders' equity



3 785

3 294

2 967

2 634

2 617

Capital employed (1)



7 223

5 513

5 147

4 504

4 309

Operating capital (2)



6 288

4 929

4 780

4 070

3 987

Interest-bearing liabilities



3 431

2 208

2 157

1 831

1 666

Total assets



9 845

7 463

6 855

6 040

5 699









Key figures(3)








Equity ratio, % (4)



38.4

44.1

43.3

43.6

46.0

Return on equity after full tax, % (5)



22.0

16.6

14.2

14.2

12.9

Return on capital employed, % (6)



17.3

13.7

12.3

13.0

11.9

Return on operating capital, % (7)



19.4

14.9

13.4

14.1

12.7

Interest coverage ratio (8)



25.0

23.2

16.6

11.9

12.7

Debt ratio (9)



0.7

0.5

0.6

0.6

0.5

Operating margin, % (10)



8.3

7.4

6.6

6.8

6.7









Other information








Average number of employees



3 703

2 717

2 667

2 506

2 215

   of whom outside Sweden



3 598

2 616

2 566

2 411

2 115

Payroll excluding social security contributions



1 398

1 056

1 006

1 025

791

   of whom outside Sweden



1 325

988

944

967

733

Cash flow from investment operations



1 081

101

80

237

81

































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 deduction for full 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.