Consolidated Results 2013 Presentation

Highlights of the fourth quarter of 2013

  • Net sales amounted to SEK 28,891m (29,185).
  • Organic sales growth was 3.6%, while currencies had a negative impact of –4.6%.
  • All business areas showed organic sales growth, sales were particularly strong in North America for Professional Products and Small Appliances.
  • Operating income, excluding items affecting comparability, amounted to SEK 1,223m (1,590), corresponding to a margin of 4.2% (5.4).
  • Operating income includes a negative impact from currencies of SEK –442m.
  • Restructuring charges of SEK 1,487m and an impaired ERP of SEK 906m were, as previously communicated, charged to operating income within items affecting comparability.
  • Solid cash flow.
  • Income for the period, including items affecting comparability, was SEK –987m (242), and earnings per share SEK –3.44 (0.84).
  • The Board proposes a dividend for 2013 of SEK 6.50 (6.50) per share.