Financial overview
SEK million, unless otherwise stated
| 2020/21 | 2019/20 | 2018/19 | 2017/18 | 2016/17 | 2015/16 | 2014/15 | 2013/14 | 2012/13 | |
|---|---|---|---|---|---|---|---|---|---|
| Net sales | 13 340 | 12 271 | 11 715 | 10 810 | 9 520 | 8 611 | 8 163 | 6 372 | 5 125 |
| Items affecting comparability | -7 | 36 | 1 | -48 | -23 | -32 | -79 | -35 | -14 |
| EBITDA | 2 756 | 2 486 | 931 | 872 | 827 | 721 | 720 | 614 | 514 |
| Depreciation/amortization | -1 587 | -1 513 | -296 | -250 | -212 | -186 | -203 | -165 | -139 |
| Operating profit/loss (EBIT) | 1 169 | 973 | 635 | 622 | 615 | 535 | 517 | 449 | 376 |
| Net financial items | -402 | -417 | -69 | -68 | -80 | -127 | -269 | -209 | -255 |
| Profit/loss for the period before tax | 767 | 556 | 566 | 555 | 535 | 408 | 248 | 240 | 121 |
| Profit/loss for the period after tax | 594 | 431 | 431 | 430 | 416 | 319 | 222 | 189 | 128 |
| Balance sheet items, SEK m | |||||||||
| Non-current assets | 15 790 | 15 285 | 8218 | 7823 | 6 574 | 6 191 | 5 884 | 5 945 | 4 151 |
| Current receivables and inventories | 658 | 704 | 976 | 860 | 695 | 685 | 671 | 654 | 537 |
| Cash and cash equivalents | 966 | 528 | 527 | 699 | 579 | 331 | 695 | 562 | 338 |
| Non-current interest-bearing liabilities | 1 850 | 1 914 | 2 205 | 2 209 | 2 200 | 2 111 | 2 609 | 3 020 | 2 308 |
| Long-term lease liability | 6 495 | 6 346 | - | - | - | - | - | - | - |
| Non-current non-interest-bearing liabilities | 162 | 207 | 305 | 135 | 114 | 163 | 197 | 131 | 88 |
| Current interest-bearing liabilities | 195 | 270 | 592 | 673 | 516 | 573 | 715 | 469 | 207 |
| Short-term lease liability | 1 077 | 1 010 | - | - | - | - | - | - | - |
| Current non-interest-bearing liabilities | 2 319 | 1 965 | 2 030 | 2 103 | 1 577 | 1 370 | 1 425 | 1 352 | 857 |
| Equity | 5 317 | 4 807 | 4 589 | 4 262 | 3 443 | 2 990 | 2 304 | 2 189 | 1 566 |
| Total assets | 17 414 | 16 518 | 9 720 | 9 383 | 7 849 | 7 207 | 7 250 | 7 161 | 5 026 |
| Capital employed | 7 718 | 7 250 | 7 386 | 7 144 | 6 158 | 5 674 | 5 628 | 5 679 | 4 082 |
| Net debt | 1 222 | 1 797 | 2 266 | 2 179 | 2 133 | 2 342 | 2 629 | 2 927 | 2 178 |
| Property adjusted net debt | 526 | 1 138 | 1 533 | 1 528 | 1 550 | 1 866 | 2 295 | 2 563 | 2 178 |
| Key ratios | |||||||||
| Net sales, SEK m | 13 340 | 12 271 | 11 715 | 10 810 | 9 520 | 8 611 | 8 163 | 6 372 | 5 125 |
| Organic growth incl. Bolt-on acquisitions, % | 8,1% | 5,4% | 4.4% | 5.8% | 9,00% | 6.4% | 3.7% | 9.8% | - |
| Acquired growth, larger acquisitions, % | 1,6% | 0,0% | 3.2% | 7.9% | 0.8% | 0.4% | 24.4% | 14.5% | - |
| Change in currency, % | -1,1% | -0,7% | 0.8% | -0.1% | 0.8% | -1.3% | - | - | - |
| Operating margin (EBIT), % | 8,8% | 7,9% | 5.4% | 5.8% | 6.5% | 6.2% | 6.3% | 7.1% | 7.3% |
| Adjusted EBIT, SEK m | 934 | 728 | 634 | 670 | 638 | 568 | 596 | 485 | 389 |
| Adjusted EBIT margin, % | 7,0% | 5,9% | 5.4% | 6.2% | 6.7% | 6.6% | 7.3% | 7.6% | 7.6% |
| Adjusted EBITDA, SEK m | 1 297 | 1 066 | 930 | 920 | 850 | 753 | 799 | 649 | 528 |
| Adjusted EBIT margin, % | 9,7% | 8,7% | 7.9% | 8.5% | 8.9% | 8.7% | 9.8% | 10.2% | 10.3% |
| Net margin, % | 4,5% | 3,5% | 3.7% | 4,00% | 4.4% | 3.7% | 2.7% | 3,00% | 2.5% |
| Return on capital employed, %, (12 months) | 12,5% | 10,0% | 8.7% | 10.1% | 10.9% | 10.3% | 10.8% | 10,00% | 9.8% |
| Return on equity, %(12 months) | 13,2% | 11,5% | 9.7% | 11.2% | 12.9% | 12.1% | 9.9% | 10.1% | 8.5% |
| Equity/assets ratio, % | 53,3% | 51,5% | 47.2% | 45.4% | 43.9% | 41.5% | 31.8% | 30.6% | 31.2% |
| Interest coverage ratio, times | 27,7 | 15,9 | 12.5 | 10.9 | 9.4 | 4.5 | 2.8 | 2.7 | 1.8 |
| Net debt/Adjusted EBITDA (12 months) | 0,9 | 1,7 | 2.4 | 2.4 | 2.5 | 3.1 | 3.3 | 4.5 | 4.1 |
| Adjusted net debt/adjusted EBITDA (12 months) | 0,4 | 1,1 | 1.6 | 1.7 | 1.8 | 2.5 | 2.9 | 3.9 | 4.1 |
| Free cash flow | 1 117 | 805 | 356 | 688 | 658 | 394 | 573 | - | - |
| Cash flow from investing activities | -437 | -375 | -559 | -970 | -374 | -386 | -68 | -864 | -95 |
| Number of full-time employees | 13 360 | 12 686 | 12 405 | 11 863 | 10 564 | 9 714 | 9 159 | 6 997 |
SEK million, unless otherwise stated.
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