- Net sales amounted to SEK 106,326m (109,132) and income for the period to SEK 3,997m (2,607), corresponding to SEK 14.04 (9.18) per share.
- Net sales increased by 1.5% in comparable currencies.
- Strong growth in Latin America and Asia/Pacific offset lower sales volumes in Europe and North America.
- Operating income increased to SEK 5,430m (3,761), corresponding to an operating margin of 5.1% (3.4).
- Operating margin amounted to 6.1% (4.9), excluding items affecting comparability.
- All business areas outperformed previous year’s operating income.
- Improvements in product mix and cost savings offset higher costs for raw materials and downward pressure on prices.
- Cash flow from operations and investments amounted to SEK 3,206m (5,330).
- The Board of Directors proposes a dividend for 2010 of SEK 6.50 (4.00) per share.
- The Board proposes a renewed AGM mandate to repurchase own shares.
| Key data | |||
| SEKm | 2010 | Change | 2009 |
| Net sales | 106,326 | –3% | 109,132 |
| Operating income | 5,430 | 44% | 3,761 |
| Margin, % | 5.1 | 3.4 | |
| Income after financial items | 5,306 | 52% | 3,484 |
| Income for the period | 3,997 | 53% | 2,607 |
| Earnings per share, SEK | 14.04 | 9.18 | |
| Dividend per share, SEK | 6.501) | 4.00 | |
| Net debt/equity ratio | –0.03 | 0.04 | |
| Return on equity, % | 20.6 | 14.9 | |
| Average number of employees | 51,544 | 50,633 | |
| Excluding items affecting comparability | |||
| Items affecting comparability | –1,064 | –1,561 | |
| Operating income | 6,494 | 22% | 5,322 |
| Margin, % | 6.1 | 4.9 | |
| Income after financial items | 6,370 | 26% | 5,045 |
| Income for the period | 4,739 | 23% | 3,851 |
| Earnings per share, SEK | 16.65 | 13.56 | |
| Return on net assets, % | 31.0 | 26.2 | |
| 1) Proposed by the Board of Directors. |