| Compound annual growth rate, % |
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SEKm | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 20121) | 2013 | 2014 | 2015 | 2016 | 5 years | 10 years |
| Net sales and income | |||||||||||||
| Net sales | 103,848 | 104,732 | 104,792 | 109,132 | 106,326 | 101,598 | 109,994 | 109,151 | 112,143 | 123,511 | 121,093 | 3.6 | 1.5 |
| Organic growth, % | 3.3 | 4.0 | –0.9 | –4.8 | 1.5 | 0.2 | 5.5 | 4.5 | 1.1 | 2.2 | –1.1 | ||
| Depreciation and amortization | 2,758 | 2,738 | 3,010 | 3,442 | 3,328 | 3,173 | 3,251 | 3,356 | 3,671 | 3,936 | 3,934 | ||
| Items affecting comparability2) | –542 | –362 | –355 | –1,561 | –1,064 | –138 | –1,032 | –2,475 | –1,199 | — | — | ||
| Operating income | 4,033 | 4,475 | 1,188 | 3,761 | 5,430 | 3,017 | 4,000 | 1,580 | 3,581 | 2,741 | 6,274 | 15.8 | 4.5 |
| Income after financial items | 3,825 | 4,035 | 653 | 3,484 | 5,306 | 2,780 | 3,154 | 904 | 2,997 | 2,101 | 5,581 | 15.0 | 3.9 |
| Income for the period | 2,648 | 2,925 | 366 | 2,607 | 3,997 | 2,064 | 2,365 | 672 | 2,242 | 1,568 | 4,493 | 16.8 | 5.4 |
| Cash flow | |||||||||||||
| Cash flow from operations | 4,560 | 5,346 | 4,949 | 8,297 | 7,680 | 5,399 | 7,080 | 4,455 | 7,822 | 8,267 | 10,165 | 13.5 | 8.3 |
| Cash flow from investments | –2,386 | –4,069 | –3,755 | –2,967 | –4,474 | –10,049 | –4,702 | –4,734 | –3,759 | –3,403 | –2,557 | ||
| of which capital expenditure in property, plant and equipment | –3,152 | –3,430 | –3,158 | –2,223 | –3,221 | –3,163 | –4,090 | –3,535 | –3,006 | –3,027 | –2,830 | –2.2 | –1.1 |
| Cash flow from operations and investments | 2,174 | 1,277 | 1,194 | 5,330 | 3,206 | –4,650 | 2,378 | –279 | 4,063 | 4,864 | 7,608 | ||
| Cash flow from operations and investments excluding acquisitions and divestments of operations | 1,110 | 1,277 | 1,228 | 5,326 | 3,199 | 906 | 2,542 | –74 | 4,132 | 4,955 | 7,432 | ||
| Dividend, redemption and repurchase of shares | –4,416 | –6,708 | –1,187 | 69 | –1,120 | –1,850 | –1,868 | –1,860 | –1,861 | –1,870 | –1,868 | ||
| Capital expenditure in property, plant and equipment as % of net sales | 3.0 | 3.3 | 3.0 | 2.0 | 3.0 | 3.1 | 3.7 | 3.2 | 2.7 | 2.5 | 2.3 | ||
| Margins3) | |||||||||||||
| Operating margin, % | 4.4 | 4.6 | 1.5 | 4.9 | 6.1 | 3.1 | 4.6 | 3.7 | 3.2 | 2.2 | 5.2 | ||
| Income after financial items as % of net sales | 4.2 | 4.2 | 1.0 | 4.6 | 6.0 | 2.9 | 3.8 | 3.1 | 2.7 | 1.7 | 4.6 | ||
| Financial position | |||||||||||||
| Total assets | 66,049 | 66,089 | 73,323 | 72,696 | 73,521 | 76,384 | 75,194 | 76,001 | 85,688 | 83,471 | 85,848 | 2.4 | 2.7 |
| Net assets | 18,140 | 20,743 | 20,941 | 19,506 | 19,904 | 27,011 | 25,890 | 24,961 | 26,099 | 21,412 | 18,098 | –7.7 | 0.0 |
| Working capital | –2,613 | –2,129 | –5,131 | –5,154 | –5,902 | –5,180 | –6,505 | –5,800 | –8,377 | –12,234 | –14,966 | ||
| Trade receivables | 20,905 | 20,379 | 20,734 | 20,173 | 19,346 | 19,226 | 18,288 | 19,441 | 20,663 | 17,745 | 19,408 | 0.2 | –0.7 |
| Inventories | 12,041 | 12,398 | 12,680 | 10,050 | 11,130 | 11,957 | 12,963 | 12,154 | 14,324 | 14,179 | 13,418 | 2.3 | 1.1 |
| Accounts payable | 15,320 | 14,788 | 15,681 | 16,031 | 17,283 | 18,490 | 20,590 | 20,607 | 25,705 | 26,467 | 28,283 | 8.9 | 6.3 |
| Total equity | 13,194 | 16,040 | 16,385 | 18,841 | 20,613 | 20,644 | 15,726 | 14,308 | 16,468 | 15,005 | 17,738 | –3.0 | 3.0 |
| Interest-bearing liabilities | 7,495 | 11,163 | 13,946 | 14,022 | 12,096 | 14,206 | 13,088 | 14,905 | 14,703 | 13,097 | 10,202 | –6.4 | 3.1 |
| Provisions for post-employment benefits, net | 4,479 | 2,980 | 4,763 | 4,509 | 4,169 | ||||||||
| Net debt | –304 | 4,703 | 4,556 | 665 | –709 | 6,367 | 10,164 | 10,653 | 9,631 | 6,407 | 360 | –43.7 | — |
| Data per share | |||||||||||||
| Income for the period, SEK | 9.17 | 10.41 | 1.29 | 9.18 | 14.04 | 7.25 | 8.26 | 2.35 | 7.83 | 5.45 | 15.64 | 16.6 | 5.5 |
| Equity, SEK | 47 | 57 | 58 | 66 | 72 | 73 | 55 | 50 | 57.52 | 52.21 | 61.72 | –3.2 | 2.8 |
| Dividend, SEK4) | 4.00 | 4.25 | — | 4.00 | 6.50 | 6.50 | 6.50 | 6.50 | 6.50 | 6.50 | 7.50 | ||
| Trading price of B-shares at year-end, SEK | 137.00 | 108.50 | 66.75 | 167.50 | 191.00 | 109.70 | 170.50 | 168.50 | 228.80 | 205.20 | 226.30 | 15.6 | 5.1 |
| Key ratios | |||||||||||||
| Return on equity, % | 18.7 | 20.3 | 2.4 | 14.9 | 20.6 | 10.4 | 14.4 | 4.4 | 15.7 | 9.9 | 29.4 | ||
| Return on net assets, % | 23.2 | 21.7 | 5.8 | 19.4 | 27.8 | 13.7 | 14.8 | 5.8 | 14.2 | 11.0 | 29.9 | ||
| Net assets as % of net sales5) | 16.5 | 18.6 | 18.1 | 17.1 | 18.2 | 23.8 | 22.5 | 21.8 | 20.4 | 17.3 | 14.2 | ||
| Trade receivables as % of net sales5) | 19.1 | 18.3 | 17.9 | 17.7 | 17.7 | 17.0 | 15.9 | 17.0 | 16.2 | 14.3 | 15.2 | ||
| Inventories as % of net sales5) | 11.0 | 11.1 | 11.0 | 8.8 | 10.2 | 10.5 | 11.3 | 10.6 | 11.2 | 11.5 | 10.5 | ||
| Net debt/equity ratio | –0.02 | 0.29 | 0.28 | 0.04 | –0.03 | 0.31 | 0.65 | 0.74 | 0.58 | 0.43 | 0.02 | ||
| Interest coverage ratio | 6.13 | 7.49 | 1.86 | 7.54 | 12.64 | 5.84 | 2.72 | 2.11 | 5.16 | 3.75 | 3.75 | ||
| Dividend as % of total equity | 8.5 | 7.5 | — | 6.0 | 9.0 | 9.0 | 11.8 | 13.0 | 11.3 | 12.4 | 10.5 | ||
| Other data | |||||||||||||
| Average number of employees | 55,471 | 56,898 | 55,177 | 50,633 | 51,544 | 52,916 | 59,478 | 60,754 | 60,038 | 58,265 | 55,400 | 0.9 | 0.0 |
| Salaries and remuneration | 12,849 | 12,612 | 12,662 | 13,162 | 12,678 | 13,137 | 13,785 | 13,521 | 14,278 | 15,858 | 15,886 | 3.9 | 2.1 |
| Number of shareholders | 59,500 | 52,700 | 52,600 | 52,000 | 57,200 | 58,800 | 51,800 | 51,500 | 46,500 | 45,485 | 48,939 | –3.6 | –1.9 |
| Average number of shares after buy-backs, million | 288.8 | 281.0 | 283.1 | 284.0 | 284.6 | 284.7 | 285.9 | 286.2 | 286.3 | 287.1 | 287.4 | ||
| Shares at year end after buy-backs, million | 278.9 | 281.6 | 283.6 | 284.4 | 284.7 | 284.7 | 286.1 | 286.2 | 286.3 | 287.4 | 287.4 | ||
1) Amounts for 2012 have been restated where applicable as a consequence of the amended standard for pension accounting, IAS 19 Employee Benefits.
2) As of 2015 the accounting concept of Items affecting comparability is no longer in use.
3) Items affecting comparability are excluded for the years 2005 to 2013. 2014 has been restated.
4) 2016: Proposed by the Board.
5) Annualized net sales, calculated at end of period exchange rates, 2016: 127,490 (2015: 123,772).