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    • The Group in Summary

    Income statement summary, SEK million 2010 2009 2008 2007 2006
    Income 4 243.4 4 087.0 4 604.2 4 194.0 3 530.5
    Other operating income 32.2 68.9 56.5 37.7 23.1
    Operating expenses -3 889.6 -3 912.9 -4 227.7 -3 772.0 -3 168.7
    Profit/loss before depreciation 386.0 243.0 433.0 459.7 384.9
    Depreciation according to plan -58.4 -70.6 -64.2 -53.9 -40.1
    Profit/loss after depreciation 327.6 172.4 368.8 405.8 344.8
    Net financial items -27.3 -46.2 -136.0 -90.8 -54.6
    Profit/loss after net financial items 300.3 126.2 232.8 315.0 290.2
    Taxes -78.8 -38.4 -84.9 -83.7 -63.1
    Profit/loss after tax 221.5 87.8 147.9 231.3 227.1
               
    Balance Sheets summary          
    Trademarks 376.0 392.2 413.2 367.7 133.0
    Other fixed assets 1 267.5 1 367.2 1 468.4 1 370.4 833.5
    Stock 1 594.7 1 624.8 2 200.3 1 862.1 1 519.3
    Accounts receivables 787.9 735.3 835.8 883.0 745.2
    Other current assets 170.8 202.4 261.8 211.0 134.3
    Liquid assets 121.7 80.4 191.2 115.5 114.2
    Total assets 4 318.6 4 402.3 5 370.7 4 809.7 3 479.5
               
    Shareholder’s equity assignable to shareholders 1 908.3 1 773.6 1 802.6 1 426.3 1 300.7
    Shareholder’s equity attributable to minority owners 24.7 33.5 31.2 11.9 10.0
    Provisions 172.3 195.6 203.0 210.0 109.7
    Interest bearing liabilities 1 528.3 1 821.2 2 767.5 2 472.5 1 430.6
    Non-Interest bearing liabilities 685.0 578.4 566.4 689.0 628.5
    Total equity and liabilities 4 318.6 4 402.3 5 370.7 4 809.7 3 479.5
               
    Cash flows          
    Cash flow before changes in working capital and investments 332.1 138.9 163.1 259.3 299.7
    Changes in working capital 11.5 667.4 -431.1 -176.3 -18.4
    Cash flow before investments 343.6 806.3 -268.0 83.0 281.3
    Net investments -57.6 -23.0 -65.2 -1 165.7 -49.3
    Cash flow after investments 286.0 783.3 -333.2 -1 082.7 232.0
    Financial payments -241.2 -884.8 377.2 1 081.5 -246.4
    Cash flow for the year 44.8 -101.5 44.0 -1.2 -14.4
               
    Key ratios          
    Gross margin, % 47.1 46.5 48.5 47.6 47.9
    Operating margin, % 7.7 4.2 8.0 9.7 9.8
    Profit margin, % 7.1 3.1 5.1 7.5 8.2
    Net margin, % 5.3 2.1 3.2 5.5 6.4
    Return on capital employed, % 9.4 4.3 9.0 12.8 12.9
    Return on equity, % 12.1 4.9 9.2 17.1 18:7
    Equity/assets ratio, % 44.8 41.0 34:1 29.9 37.7
    Net debt/equity ratio, % 72.8 96.3 140.5 163.9 100.4
    Risk-bearing capital, % 48.2 42:4 35.2 33.8 40.5
    Interest coverage ratio, times 10.4 3.4 2.6 4.0 5.5
    Capital turnover rate, times 1.0 0.8 0.9 1.0 1.0
    Stock turnover rate, times 1.4 1.1 1.2 1.3 1.2
    Average number employees 2 196 2 203 2 562 2 350 2 207
    Personnel costs, incl. social fees, SEK million 861.8 710.4 688.5 517.9 471.9
    Sales outside Sweden, % 69.6 70.9 70.9 66.8 60.7
               
    Per share data (1)          
    Number of shares before dilution 66 343 543 66 343 543 66 343 543 66 343 543 65 430 660
    Number of shares after dilution 67 343 543 67 343 543 66 343 543 68 843 543 65 681 234
    Profit/loss per share before dilution, SEK 3.31 1.29 2.18 3.46 3.45
    Profit/loss per share after dilution, SEK 3.26 1.27 2.18 3.33 3.44
    Equity per share, SEK 29.14 27.24 27.64 21.68 20.03
    Equity per share after dilution, SEK 28.70 26.83 27.64 20.89 19.96
    Share price on 31 December, SEK 40.40 27.50 6.25 67.50 77.25
    P/E ratio 31 December 12.03 20.54 2.87 19.36 22.26
    Dividend per share, SEK 1.00 0.25 0.18 1.00 1.00
    Dividend yield, % 2.5 0.9 2.9 1.5 1.3
    Operating cash flow per share, SEK 5.18 12.15 -4.04 1.25 4.30