Financial overview
SEK million, unless otherwise stated
Financial overview
| 2019/20 | 2019/20 excl IFRS 16 | 2018/19 | 2017/18 | 2016/17 | 2015/16 | |
|---|---|---|---|---|---|---|
| Net sales | 12271 | 12271 | 11715 | 10810 | 9520 | 8611 |
| Items affecting comparability | 36 | 36 | 1 | -48 | -23 | -32 |
| EBITDA | 2486 | 1102 | 931 | 872 | 827 | 721 |
| Depreciation/amortization | -323 | -323 | -280 | -244 | -208 | -185 |
| Depreciation related to acquisitions | -16 | -16 | -16 | -6 | -4 | -2 |
| Depreciation on right-of-use assets | -1175 | - | - | - | - | - |
| Operating profit/loss (EBIT) | 973 | 763 | 635 | 622 | 615 | 535 |
| Net financial items | -417 | -56 | -69 | -68 | -80 | -127 |
| Profit/loss for the period before tax | 556 | 707 | 566 | 555 | 535 | 408 |
| Profit/loss for the period after tax | 431 | 549 | 431 | 430 | 416 | 319 |
| Balance sheet items, SEK m | ||||||
| Non-current assets | 15285 | 8070 | 8218 | 7823 | 6574 | 6191 |
| Current receivables and inventories | 704 | 971 | 976 | 860 | 695 | 685 |
| Cash and cash equivalents | 528 | 528 | 527 | 699 | 579 | 331 |
| Non-current interest-bearing liabilities | 1961 | 1961 | 2205 | 2209 | 2200 | 2111 |
| Long-term lease liability | 6299 | - | - | - | - | - |
| Non-current non-interest-bearing liabilities | 207 | 232 | 305 | 135 | 114 | 163 |
| Current interest-bearing liabilities | 364 | 364 | 592 | 673 | 516 | 573 |
| Short-term lease liability | 915 | - | - | - | - | - |
| Current non-interest-bearing liabilities | 1965 | 2088 | 2030 | 2103 | 1577 | 1370 |
| Equity | 4807 | 4925 | 4589 | 4262 | 3443 | 2990 |
| Total assets | 16518 | 9569 | 9720 | 9383 | 7849 | 7207 |
| Capital employed | 7250 | 7250 | 7386 | 7144 | 6158 | 5674 |
| Net debt | 1797 | 1797 | 2266 | 2179 | 2133 | 2342 |
| Property adjusted net debt | 1138 | 1138 | 1533 | 1528 | 1550 | 1866 |
| Key ratios | ||||||
| Net sales, SEK m | 12271 | 12271 | 11715 | 10810 | 9520 | 8611 |
| Organic growth incl. Bolt-on acquisitions, % | 5.4% | 5.4% | 4.4% | 5.8% | 0.09 | 6.4% |
| Acquired growth, larger acquisitions, % | 0 | 0 | 3.2% | 7.9% | 0.8% | 0.4% |
| Change in currency, % | -0.7% | -0.7% | 0.8% | -0.1% | 0.8% | -1.3% |
| Operating margin (EBIT), % | 7.9% | 6.2% | 5.4% | 5.8% | 6.5% | 6.2% |
| Adjusted EBIT, SEK m | 728 | 728 | 634 | 670 | 638 | 568 |
| Adjusted EBIT margin, % | 5.9% | 5.9% | 5.4% | 6.2% | 6.7% | 6.6% |
| Adjusted EBITDA, SEK m | 1066 | 1066 | 930 | 920 | 850 | 753 |
| Adjusted EBIT margin, % | 8.7% | 0.09 | 7.9% | 8.5% | 8.9% | 8.7% |
| Net margin, % | 3.5% | 4.5% | 3.7% | 0.04 | 4.4% | 3.7% |
| Return on capital employed, %, (12 months) | 0.1 | 0.1 | 8.7% | 10.1% | 10.9% | 10.3% |
| Return on equity, %(12 months) | 11.4% | 11.4% | 9.7% | 11.2% | 12.9% | 12.1% |
| Equity/assets ratio, % | 51.5% | 51.5% | 47.2% | 45.4% | 43.9% | 41.5% |
| Interest coverage ratio, times | 15.9 | 15.9 | 12.5 | 10.9 | 9.4 | 4.5 |
| Net debt/Adjusted EBITDA (12 months) | 1.7 | 1.7 | 2.4 | 2.4 | 2.5 | 3.1 |
| Adjusted net debt/adjusted EBITDA (12 months) | 1.1 | 1.1 | 1.6 | 1.7 | 1.8 | 2.5 |
| Free cash flow | 2257 | 805 | 356 | 688 | 658 | 394 |
| Cash flow from investing activities | -375 | -375 | -559 | -970 | -374 | -386 |
| Number of full-time employees | 12686 | 12686 | 12405 | 11863 | 10564 | 9714 |
SEK million, unless otherwise stated.
You might also be interested in
About us
AcadeMedia makes it possible for individuals to thrive. Our 17 600 employees, working in one of our 650 units (preschools, compulsory schools, upper secondary schools or in one of our adult learning facilities) have a common focus on high quality and development.