| Compound annual growth rate, % | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SEKm | 20041) | 20051) | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 20122) | 2013 | 2014 | 5 years | 10 years |
| Net sales and income | |||||||||||||
| Net sales | 120,651 | 129,469 | 103,848 | 104,732 | 104,792 | 109,132 | 106,326 | 101,598 | 109,994 | 109,151 | 112,143 | 0.5 | –0.7 |
| Organic growth, % | 3.2 | 4.3 | 3.3 | 4.0 | –0.9% | –4.8% | 1.5% | 0.2% | 5.5 | 4.5 | 1.1 | ||
| Depreciation and amortization | 3,038 | 3,410 | 2,758 | 2,738 | 3,010 | 3,442 | 3,328 | 3,173 | 3,251 | 3,356 | 3,671 | ||
| Items affecting comparability | –1,960 | –3,020 | –542 | –362 | –355 | –1,561 | –1,064 | –138 | –1,032 | –2,475 | –1,199 | ||
| Operating income | 4,807 | 3,942 | 4,033 | 4,475 | 1,188 | 3,761 | 5,430 | 3,017 | 4,000 | 1,580 | 3,581 | –1.0 | –2.9 |
| Income after financial items | 4,452 | 3,215 | 3,825 | 4,035 | 653 | 3,484 | 5,306 | 2,780 | 3,154 | 904 | 2,997 | –3.0 | –3.9 |
| Income for the period | 3,259 | 1,763 | 2,648 | 2,925 | 366 | 2,607 | 3,997 | 2,064 | 2,365 | 672 | 2,242 | –3.0 | –3.7 |
| Cash flow | |||||||||||||
| EBITDA3) | 9,805 | 10,372 | 7,333 | 7,575 | 4,553 | 8,764 | 9,822 | 6,328 | 8,283 | 7,411 | 8,451 | –0.7 | –1.5 |
| Cash flow from operations, excluding changes in operating assets and liabilities | 7,140 | 8,428 | 5,263 | 5,498 | 3,446 | 6,378 | 7,741 | 4,283 | 5,552 | 5,130 | 6,045 | –1.1 | –1.7 |
| Changes in operating assets and liabilities | 1,442 | –1,888 | –703 | –152 | 1,503 | 1,919 | –61 | 1,116 | 1,528 | –675 | 1,777 | ||
| Cash flow from operations | 8,582 | 6,540 | 4,560 | 5,346 | 4,949 | 8,297 | 7,680 | 5,399 | 7,080 | 4,455 | 7,822 | –1.2 | –0.9 |
| Cash flow from investments | –5,358 | –5,827 | –2,386 | –4,069 | –3,755 | –2,967 | –4,474 | –10,049 | –4,702 | –4,734 | –3,759 | ||
| of which capital expenditures | –4,515 | –4,765 | –3,152 | –3,430 | –3,158 | –2,223 | –3,221 | –3,163 | –4,090 | –3,535 | –3,006 | 6.2 | –4.0 |
| Cash flow from operations and investments | 3,224 | 713 | 2,174 | 1,277 | 1,194 | 5,330 | 3,206 | –4,650 | 2,378 | –279 | 4,063 | ||
| Operating cash flow4) | 3,224 | 1,083 | 1,110 | 1,277 | 1,228 | 5,326 | 3,199 | 906 | 2,542 | –74 | 4,132 | ||
| Dividend, redemption and repurchase of shares | –5,147 | –2,038 | –4,416 | –6,708 | –1,187 | 69 | –1,120 | –1,850 | –1,868 | –1,860 | –1,861 | ||
| Capital expenditure as % of net sales | 3.7 | 3.7 | 3.0 | 3.3 | 3.0 | 2.0 | 3.0 | 3.1 | 3.7 | 3.2 | 2.7 | ||
| Margins3) | |||||||||||||
| Operating margin, % | 5.6 | 5.4 | 4.4 | 4.6 | 1.5 | 4.9 | 6.1 | 3.1 | 4.6 | 3.7 | 4.3 | ||
| Income after financial items as % of net sales | 5.3 | 4.8 | 4.2 | 4.2 | 1.0 | 4.6 | 6.0 | 2.9 | 3.8 | 3.1 | 3.7 | ||
| EBITDA margin, % | 8.1 | 8.0 | 7.1 | 7.2 | 4.3 | 8.0 | 9.2 | 6.2 | 7.5 | 6.8 | 7.5 | ||
| Financial position | |||||||||||||
| Total assets | 75,096 | 82,558 | 66,049 | 66,089 | 73,323 | 72,696 | 73,521 | 76,384 | 75,194 | 76,001 | 85,688 | 3.3 | 1.3 |
| Net assets | 23,988 | 28,165 | 18,140 | 20,743 | 20,941 | 19,506 | 19,904 | 27,011 | 25,890 | 24,961 | 26,099 | 6.0 | 0.8 |
| Working capital | –383 | –31 | –2,613 | –2,129 | –5,131 | –5,154 | –5,902 | –5,180 | –6,505 | –5,800 | –8,377 | ||
| Trade receivables | 20,627 | 24,269 | 20,905 | 20,379 | 20,734 | 20,173 | 19,346 | 19,226 | 18,288 | 19,441 | 20,663 | 0.5 | 0.0 |
| Inventories | 15,742 | 18,606 | 12,041 | 12,398 | 12,680 | 10,050 | 11,130 | 11,957 | 12,963 | 12,154 | 14,324 | 7.3 | –0.9 |
| Accounts payable | 16,550 | 18,798 | 15,320 | 14,788 | 15,681 | 16,031 | 17,283 | 18,490 | 20,590 | 20,607 | 25,705 | 9.9 | 4.5 |
| Equity | 23,636 | 25,888 | 13,194 | 16,040 | 16,385 | 18,841 | 20,613 | 20,644 | 15,726 | 14,308 | 16,468 | –2.7 | –3.5 |
| Interest-bearing liabilities | 9,843 | 8,914 | 7,495 | 11,163 | 13,946 | 14,022 | 12,096 | 14,206 | 13,088 | 14,905 | 14,703 | 1.0 | 4.1 |
| Provisions for post-employment benefits, net | 4,479 | 2,980 | 4,763 | ||||||||||
| Net borrowings | 1,141 | 2,974 | –304 | 4,703 | 4,556 | 665 | –709 | 6,367 | 10,164 | 10,653 | 9,631 | 70.7 | 23.8 |
| Data per share | |||||||||||||
| Income for the period, SEK | 10.92 | 6.05 | 9.17 | 10.41 | 1.29 | 9.18 | 14.04 | 7.25 | 8.26 | 2.35 | 7.83 | –3.1 | –3.3 |
| Equity, SEK | 81 | 88 | 47 | 57 | 58 | 66 | 72 | 73 | 55 | 50 | 58 | –2.8 | –3.4 |
| Dividend, SEK5) | 7.00 | 7.50 | 4.00 | 4.25 | — | 4.00 | 6.50 | 6.50 | 6.50 | 6.50 | 6.50 | ||
| Trading price of B-shares at year-end, SEK | 152.00 | 206.50 | 137.00 | 108.50 | 66.75 | 167.50 | 191.00 | 109.70 | 170.50 | 168.50 | 228.80 | 6.4 | 4.2 |
| Key ratios | |||||||||||||
| Return on equity, % | 13.1 | 7.0 | 18.7 | 20.3 | 2.4 | 14.9 | 20.6 | 10.4 | 14.4 | 4.4 | 15.7 | ||
| Return on net assets, % | 17.5 | 13.0 | 23.2 | 21.7 | 5.8 | 19.4 | 27.8 | 13.7 | 14.8 | 5.8 | 14.2 | ||
| Net assets as % of net sales6) | 21.2 | 21.0 | 16.5 | 18.6 | 18.1 | 17.1 | 18.2 | 23.8 | 22.5 | 21.8 | 20.4 | ||
| Trade receivables as % of net sales6) | 18.2 | 18.1 | 19.1 | 18.3 | 17.9 | 17.7 | 17.7 | 17.0 | 15.9 | 17.0 | 16.2 | ||
| Inventories as % of net sales6) | 13.9 | 13.9 | 11.0 | 11.1 | 11.0 | 8.8 | 10.2 | 10.5 | 11.3 | 10.6 | 11.2 | ||
| Net debt/equity ratio | 0.05 | 0.11 | –0.02 | 0.29 | 0.28 | 0.04 | –0.03 | 0.31 | 0.65 | 0.74 | 0.58 | ||
| Interest coverage ratio | 5.75 | 4.32 | 6.13 | 7.49 | 1.86 | 7.54 | 12.64 | 5.84 | 2.72 | 2.11 | 5.16 | ||
| Dividend as % of equity | 8.6 | 8.5 | 8.5 | 7.5 | — | 6.0 | 9.0 | 9.0 | 11.8 | 13.0 | 11.3 | ||
| Other data | |||||||||||||
| Average number of employees | 72,382 | 69,523 | 55,471 | 56,898 | 55,177 | 50,633 | 51,544 | 52,916 | 59,478 | 60,754 | 60,038 | 3.5 | –1.9 |
| Salaries and remuneration | 17,014 | 17,033 | 12,849 | 12,612 | 12,662 | 13,162 | 12,678 | 13,137 | 13,785 | 13,521 | 14,278 | 1.6 | –1.7 |
| Number of shareholders | 63,800 | 60,900 | 59,500 | 52,700 | 52,600 | 52,000 | 57,200 | 58,800 | 51,800 | 51,500 | 46,500 | –2.2 | –3.1 |
| Average number of shares after buy-backs, million | 298.3 | 291.4 | 288.8 | 281.0 | 283.1 | 284.0 | 284.6 | 284.7 | 285.9 | 286.2 | 286.3 | ||
| Shares at year end after buy-backs, million | 291.2 | 293.1 | 278.9 | 281.6 | 283.6 | 284.4 | 284.7 | 284.7 | 286.1 | 286.2 | 286.3 | ||
1) Including outdoor products, Husqvarna, which was
distributed to the Electrolux shareholders in June 2006.
2) Amounts for 2012 have been restated where applicable as a consequence
of the amended standard for pension accounting, IAS 19 Employee Benefits.
3) Items affecting comparability is excluded.
4) Cash flow from acquisitions and divestments is excluded.
5) 2014: Proposed by the Board.
6) Net sales are annualized.