Five year summary



2017

2016

2015

2014

2013

SEK M








Sales and results








Net sales



9 830

9 045

8 361

7 189

6 595

Other operating income etc



21

39

19

21

14

Operating expenses excluding amortisation



−9041

−8413

−7743

−6 666

−6 171

Amortisation



−85

−78

−69

−62

−61

Operating profit



725

593

567

481

378









Net interest income and expenses



−26

−33

−42

−35

−31

Result from shares in associated companies



Profit before taxes



699

560

525

447

347









Taxes



−178

−161

−152

−122

−102

Net profit for the year



521

399

373

325

244









Attributable to:








Parent company's shareholders



511

389

366

316

234

Non-controlling interests



10

10

7

8

10









Capital structure








Cash & bank including unutilised bank overdraft facilities



983

782

751

504

563

Shareholders' equity



3 294

2 967

2 634

2 617

2 417

Capital employed (1)



5 513

5 147

4 504

4 309

3 829

Operating capital (2)



4 929

4 780

4 070

3 987

3 567

Interest-bearing liabilities



2 208

2 157

1 831

1 666

1 393

Total assets



7 463

6 855

6 040

5 699

5 108









Key figures(3)








Equity ratio, % (4)



44.1

43.3

43.6

46.0

47.3

Return on equity after full tax, % (5)



16.6

14.2

14.2

12.9

10.1

Return on capital employed, % (6)



13.7

12.3

13.0

11.9

10.0

Return on operating capital, % (7)



14.9

13.4

14.1

12.7

10.6

Interest coverage ratio (8)



23.2

16.6

11.9

12.7

10.1

Debt ratio (9)



0.5

0.6

0.6

0.5

0.5

Operating margin, % (10)



7.4

6.6

6.8

6.7

5.7









Other information








Average number of employees



2 717

2 667

2 506

2 215

2 137

   of whom outside Sweden



2 616

2 566

2 411

2 115

2 028

Payroll excluding social security contributions



1 056

1 006

1 025

791

727

   of whom outside Sweden



988

944

967

733

661

Cash flow from investment operations



99

80

237

81

54

































Definitions
















(1) Total assets minus non-interest-bearing liabilities including deferred tax.








(2) Capital employed minus liquid funds, financial assets and other interest-bearing assets.








(3) The profit/loss items in the Group's key figures relate to remaining operations for all periods.








(4) Shareholders' equity including holdings with no controlling influence as a percentage of total assets.








(5) Profit after deduction for full tax as a percentage of average equity.








(6) Profit before taxes plus financial costs as a percentage of average capital employed.








(7) Operating profit as a percentage of average operating capital.








(8) Profit before taxes plus financial costs divided by financial costs.








(9) Net debt divided by equity.








(10) Operating profit as a percentage of net sales for the year.