The Group in summary
| Income statement summary, SEK million | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Net sales | 6 098.8 | 6 903.5 | 6 290.6 | 5 597.3 | 5 237.1 |
| Other operating income | 146.2 | 77.9 | 74.8 | 51.2 | 51.0 |
| Operating costs | -5 469.6 | -6 213.4 | -5 804.7 | -5 114.1 | -4 832.0 |
| Result before amortizations, depreciations and write-downs | 775.4 | 768.1 | 560.7 | 534.4 | 456.1 |
| Amortizations, depreciations and write-downs | -229.5 | -233.1 | -77.9 | -65.3 | -55.9 |
| Operating result | 545.9 | 535.0 | 482.8 | 469.1 | 400.2 |
| Net financial items | -64.9 | -68.2 | -40.9 | -51.9 | -59.9 |
| Result before tax | 481.0 | 466.7 | 441.8 | 417.2 | 340.3 |
| Tax expense | -118.0 | -96.7 | -81.8 | -63.2 | -63.6 |
| Result for the year | 363.0 | 370.1 | 360.0 | 354.0 | 276.7 |
| Balance sheets in brief | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Trademarks | 494.3 | 543.4 | 516.7 | 487.4 | 521.6 |
| Other fixed assets | 2 336.4 | 2 560.5 | 1 703.9 | 1 477.1 | 1 526.1 |
| Inventory | 2 883.0 | 3 557.9 | 3 230.9 | 2 643.4 | 2 496.4 |
| Accounts receivable | 1 059.3 | 1 192.8 | 1 084.1 | 982.8 | 906.2 |
| Other current assets | 118.5 | 188.4 | 213.6 | 160.0 | 155.0 |
| Liquid assets | 325.1 | 351.3 | 312.2 | 202.4 | 218.9 |
| Total assets | 7 216.7 | 8 394.3 | 7 061.4 | 5 953.1 | 5 824.2 |
| - | - | - | - | - | - |
| Equity attributable to shareholders | 3 845,0 | 3 754.4 | 3415.0 | 3 006.6 | 2 794.6 |
| Equity attributable to non-controlling interest | 10.5 | 16.3 | 19.2 | 22.6 | 22.6 |
| Provisions | 165.7 | 165.0 | 166.0 | 148.4 | 185.3 |
| Interest-bearing liabilities | 2 142.7 | 3 316.1 | 2 143.2 | 1 839.7 | 1 967.8 |
| Non-interest-bearing liabilities | 1 052.7 | 1 142.5 | 1 317.9 | 953.8 | 853.9 |
| Total equity and liabilities | 7 216.7 | 8 394.3 | 7 061.4 | 5 953.1 | 5 824.2 |
| Cash flows | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Cash flow before changes in working capital and investments | 631.8 | 605.0 | 429.7 | 451.0 | 333.4 |
| Changes in working capital | 574.8 | -505.6 | -207.1 | -243.2 | 115.5 |
| Cash flow before investments | 1 206.6 | 99,5 | 222.6 | 207.8 | 448.9 |
| Net investments | -57.5 | -148.7 | -163.2 | -110.6 | -89.6 |
| Cash flow after investments | 1 149.1 | -49.3 | 59.4 | 97.2 | 359.3 |
| Financial payments | -1 155.6 | 80.4 | 39.3 | -106.3 | -313.3 |
| Cash flow for the year | -6.4 | 31.2 | 98.7 | -9.1 | 46.0 |
| Financial highlights | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Net sales, SEK million | 6 098.8 | 6 903.5 | 6 290.6 | 5 597.3 | 5 237.1 |
| Operating result, SEK million | 545.9 | 535.0 | 482.8 | 469.1 | 400.2 |
| Result for the year, SEK million | 363.0 | 370.1 | 360,0 | 354,0 | 276.7 |
| Cash flow from operating activities, SEK million | 1 206.6 | 99.5 | 222.6 | 207.8 | 448.9 |
| Balance sheet total, SEK million | 7 216.7 | 8 394.3 | 7 061.4 | 5 953.1 | 5 824.2 |
| - | - | - | - | - | - |
| Net sales growth, % | -11.7 | 9.7 | 12.4 | 6.88 | 5.49 |
| Gross profit margin, % | 43.2 | 46.4 | 46.6 | 46.1 | 46,0 |
| Operating margin, % | 9.0 | 7.7 | 7.7 | 8.4 | 7.6 |
| Equity ratio, % | 53.4 | 44.9 | 48.6 | 50.9 | 48.4 |
| Net debt to equity ratio, % | 47.1 | 78.6 | 53.3 | 54.1 | 62.1 |
| Net debt in relation to working capital, % | 59.5 | 77.1 | 57,0 | 54.7 | 64.7 |
| - | - | - | - | - | - |
| Earnings per share, SEK | 5.51 | 5.66 | 5.48 | 5.34 | 4.16 |
| Dividend per share, SEK | - | 2.00 | 1.70 | 1.35 | 1.00 |
| - | - | - | - | - | - |
| Number of employees | 2 064 | 2 579 | 2 566 | 2 495 | 2 396 |
| Per share data | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Number of shares before and after dilution | 66 343 543 | 66 343 543 | 66 343 543 | 66 343 543 | 66 343 543 |
| Earnings per share before and after dilution, SEK | 5.51 | 5.66 | 5.48 | 5.34 | 4.16 |
| Equity per share before and after dilution, SEK | 57.96 | 56.59 | 51.47 | 45.66 | 42.46 |
| Share price on 31 December, SEK | 54.50 | 59.80 | 47.40 | 54.50 | 55.25 |
| P/E ratio 31 December | 9.89 | 10.56 | 8.65 | 10.20 | 13.30 |
| Dividend per share, SEK | - | 2.00 | 1.70 | 1.35 | 1.00 |
| Dividend yield, % | - | 3.34 | 3.59 | 2.48 | 1.81 |
| Operating cash flow per share, SEK | 18.19 | 1.50 | 3.36 | 3.13 | 6.77 |