Financial review

NET SALES AND RESULT, SEK million 2020
2019
2018 2017 2016 2015  2014 2013 2012 2011
Net sales 3,379.1 3,335.1 3,083.3 2,733.5 2,426.2 2,205.6 2,030.7 1,972.9 1,931.2 1,927.7
Operating profit before amortization of intangible assets (EBITA) 335.0 319.2 315.1 281.8 211.6 163.9 120.9 114.2 141.3 198.9
Profit after financial items 331.9 313.2 303.6 266.7 191.8 116.0 82.5 86.5 107.1 165.4
Profit margin, % 9.8 9.4 9.8 9.8 7.9 5.3 4.1 4.3 5.5 8.9
EBITA margin, % 9.9 9.6 10.2 10.3 8.7 7.4 6.0 5.8 7.3 10.7
Sales growth, % 1.3 8.2 12.8 12.7 10.0 8.6 2.9 2.2 3.4 10.0

 

CAPITAL STRUCTURE, SEK million 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017 31 Dec 2016 31 Dec 2015 31 Dec 2014
31 Dec 2013 31 Dec 2012 31 Dec 2011
Intangible assets 1,380.7 983.4 963.0 921.4 915.7 898.5 952.9 975.2 943.3 952.3
Other fixed assets 265.4 245.9 51.0 51.8 53.6 52.8 42.7 39.1 40.9 41.1
Current assets 1,414.5 996.9 908.6 816.5 642.3 524.0 555.1 580.7 629.7 579.2
Assets in disposal groups - - - 4.3 - - 15.3 - - -
TOTAL ASSETS 3,060.6 2,226.2 1,922.6 1,794.0 1,611.6 1,475.3 1,566.0 1,595.0 1,613.9 1,572.6
Equity attributable to Parent Company's shareholders 1,530.8 1,225.1 1,091.4 938.7 835.0 738.9 786.7 780.4 849.0 808.8
Non-controlling interests 14.2 16.0 14.9 12.5 9.3 13.3 11.3 6.2 4.4 4.1
Total equity 1,545.0 1,241.1 1,106.3 951,2 844.3 752.2 798.0 786.6 853.4 812.9
Interest-bearing long-term liabilities 326.7 164.4 79.5 55.0 101.1 81.6 93.6 104.4 79.8 125.3
Other long-term liabilities 89.4 50.7 45.0 39.0 34.8 36.2 44.4 53.2 57.3 82.6
Interest-bearing current liabilities 277.6 105.8 26.8 95.2 62.7 138.9 178.7 209.9 167.1 104.3
Other current liabilities 821.8 664.2 665.0 652.4 568.7 466.4 436.4 440.9 456.3 447.5
Liabilities in disposal groups - - - 1.2 - - 14.8 - - -
TOTAL EQUITY AND LIABILITIES 3,060.6 2,226.2 1,922.6 1,794.0 1,611.6 1,475.3 1,566.0 1,595.0 1.613.9 1,572.6
Equity/assets ratio, % 50.5 55.7 57.5 53.0 52.4 51.0 51.0 49.3 52.9 51.7
Investments in goodwill and other fair value adjustments  7.1 8.0 6.1 7.3 - 10.7 5.0 74.5 13.9 18.3
Investments in machinery and equipment 3.8 7.9 6.1 13.4 4.8 12.7 8.2 4.5 8.2 7.9
Cash flow from operating activities 441.3 305.0 274.1 196.9 193.1 68.5 97.7 106.0 10.0 107.5
Net cash and cash equivalents 71.3 8.2 88.3 -45.0 -119.0 -213.8 -180.9 -209.9 -145.7 -103.0
Capital employed 2,149.3 1,511.3 1,212.6 1,102.6 1,008.1 972.7 1,085.2 1,100.9 1,100.3 1,042.5
 Acid test ratio, x 1.3 1.3 1.3 1.1 1.0 0.9 0.9 0.9 1.1 1.0
Net debt ratio, x 0.0 0.0 -0.1 0.0 0.1 0.3 0.2 0.3 0.2 0.1

 

PROFITABILITY 2020
2019
2018 2017 2016 2015  2014 2013 2012 2011
Return on capital, % 12.8 15.8 16.7 16.2 13.2 9.0 6.3 6.0 7.6 11.4
Return on equity, % 18.5 20.6 22.5 22.5 18.1 11.9 7.5 6.6 9.7 15.6
Return on capital employed, % 18.4 24.1 26.8 26.2 20.5 13.2 9.3 8.8 11.3 17.1
EMPLOYEES 2020
2019
2018 2017 2016 2015  2014 2013 2012 2011
Average number of employees 2,214 2,213 2,032 1,864 1,737 1,769 1,737 1,681 1,646 1,539
Net sales per employee 1.5 1.5 1.5 1.5 1.4 1.2 1.2 1.2 1.2 1.2
Value added per employee 1.1 1.1 1.1 1.1 1.0 0.9 0.9 0.8 0.8 0.8
Result after financial items per employee 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Number of employees at year-end 2,578 2,337 2,260 2,065 1,867 1,802 1,788 1,833 1,739 1,670
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