In the fourth quarter 2021, net sales amounted to SEK 35,372m (33,902) and operating income to SEK 882m (2,498), corresponding to a margin of 2.5% (7.4).
Operating income includes costs of SEK 727m, relating to arbitration in U.S. tariff case, impacting the business area North America. Excluding this non-recurring item, operating income amounted to SEK 1,609m, corresponding to a margin of 4.5% (7.4).
Price offset significant cost inflation. Global supply chain constraints continued to limit product availability and result in higher costs.
Income for the period amounted to SEK 596m (1,860) and earnings per share was SEK 2.09 (6.47).
Operating cash flow after investments was SEK 2,103m (5,364).
The Board proposes a dividend for 2021 of SEK 9.20 (8.00) per share, to be paid in two equal installments.
The Board proposes the AGM 2022 to resolve on cancellation of repurchased shares and to renew the mandate to acquire own shares. The Board intends to thereafter initiate a new share buyback program for an amount of approximately SEK 2.5bn.
