Financial information

Five-year overview

INCOME STATEMENT, SEK MILLION  2018 2017 2016 2015 2014
Net sales 19,305 17,293 14,792  14,206 12,000
Production costs -16,502 -14,718 -12,562 -12,081 -10,173
Gross profit/loss 2,803 2,575 2,230 2,124 1,827
Selling and administrative expenses -1,596 -1,502 -1,286  -1,342 -1,123
Operating profit/loss 1,207 1,072 944 782 705
Adjustments relating to specific costs 0 8 10 96 54
Adjusted operating profit/loss 1,207 1,080 954 878 759
Net financial items -16 -54 -67 -360 -265
Profit/Loss after financial items 1,191 1,019 877 422 440
Tax -235 -199 -203 -135 -120
Profit/loss for the period 956 820 674 287 320
BALANCE SHEET, SEK MILLION          
Goodwill 8,210 7,844 7,599 7,211 6,940
Other non-current assets 168 154 144 218 386
Current assets 5,211 4,523 3,933 3,394 2,911
Cash and cash equivalents 735 839 286 573 828
Total assets 14,324 13,360 11,962 11,396 11,064
Equity 5,238 4,662 4,079 3,555 3,306
Long-term loans 1,300 1,700 2,700 2,700 3,441
Other non-current liabilities 667 356 245 177 420
Commercial paper 800 1,000 - - -
Current liabilities 6,319 5,642 4,938 4,964 3,897
Total equity and liabilities 14,324 13,360 11,962 11,396 11,064
CASH FLOW, SEK MILLION          
Cash flow from operating activities 1,052 1,038 428 841 659
Cash flow from investing activities -249 -231 -280 -262 -136
Cash flow from financing activities -914 -254 -504 -767 -545
Cash flow for the period -111 553 -356 -189 -22
KEY FIGURES, SEK MILLION          
Operating margin, % 6.3 6.2 6.4 5.5 5.9
Adjusted operating margin, % 6.3 6.2 6.5 6.2 6.3
EBITA margin, % 6.3 6.2 6.4 5.5 5.9
Adjusted EBITA margin, % 6.3 6.3 6.5 6.2 6.3
Profit margin, % 6.2 5.9 5.9 3.0 3.7
Return on equity, % 18.7 18.3 17.5 8.4 9.1
Net debt 1,365 1,862 2,417 2,433 2,595
Capital structure (net borrowings/adj. EBITDA) 1.1 1.7 2.5 2.7 3.3
Cash conversion, % 102 106 61 125.0 128.0
Interest coverage, multiple 38.6 22.9 15.5 2.5 2.2
Equity/assets ratio, % 36.6 34.9 34.1 31.2 29.9
Order intake 20,652 17,972 15,990 14,249 12,149
Order backlog 11,992 10,271 8,644 7,092 6,580
Average no. of employees 11,475 10,643 9,730 9,359 8,188
Administration costs as % of sales 9.2 8.6 8.7 9.4 9.4
Working capital as % of sales -4.9 -5.5 -5.8 -7.9 -7.1
Basic earnings per share, SEK 4.73 4.07 3.34 1.42 1.59
Diluted earnings per share, SEK 4.72 4.06 3.34 1.42 1.59