The Group in summary
| Income statement summary, SEK million | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|
| Net income | 6 290.6 | 5 597.3 | 5 237.1 | 4 964.7 | 4 273.6 |
| Other operating income | 74.8 | 51.2 | 51.0 | 47.2 | 27.7 |
| Operating costs | -5 804.7 | -5 114.1 | -4 832.0 | -4 699.6 | -3 997.1 |
| Profit before depreciation | 560.7 | 534.4 | 456.1 | 312.3 | 304.2 |
| Depreciation and write-downs | -77.9 | -65.3 | -55.9 | -57.1 | -54.2 |
| Operating profit | 482.8 | 469.1 | 400.2 | 255.2 | 250.0 |
| Net financial items | -40.9 | -51.9 | -59.9 | -74.3 | -42.0 |
| Profit before tax | 441.8 | 417.2 | 340.3 | 180.9 | 208.0 |
| Tax | -81.8 | -63.2 | -63.6 | -35.6 | -31.1 |
| Profit for the year | 360.0 | 354.0 | 276.7 | 145.3 | 176.9 |
| Balance sheets in brief | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|
| Trademarks | 516.7 | 487.4 | 521.6 | 491.0 | 467.7 |
| Other fixed assets | 1 703.9 | 1 477.1 | 1 526.1 | 1 431.8 | 1 370.1 |
| Stock | 3 230.9 | 2 643.4 | 2 496.4 | 2 447.8 | 2 162.1 |
| Accounts receivables | 1 084.1 | 982.8 | 906.2 | 821.5 | 804.2 |
| Other current assets | 213.6 | 160.0 | 155.0 | 121.1 | 216.5 |
| Liquid assets | 312.2 | 202.4 | 218.9 | 165.5 | 216.0 |
| Total assets | 7 061.4 | 5 953.1 | 5 824.2 | 5 478.7 | 5 236.6 |
| Equity attributable to shareholders | 3415.0 | 3 006.6 | 2 794.6 | 2 491.6 | 2 386.5 |
| Equity attributable to non-controlling (minority) interest | 19.2 | 22.6 | 22.6 | 22.0 | 18.6 |
| Provisions | 166.0 | 148.4 | 185.3 | 170.7 | 174.9 |
| Interest bearing liabilities | 2 143.2 | 1 839.7 | 1 967.8 | 2 094.6 | 2 044.8 |
| Non-Interest bearing liabilities | 1 317.9 | 953.8 | 853.9 | 699.8 | 611.8 |
| Total equity and liabilities | 7 061.4 | 5 953.1 | 5 824.2 | 5 478.7 | 5 236.6 |
| Cash flows | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|
| Cash flow before changes in working capital and investments | 429.7 | 451.0 | 333.4 | 209.8 | 253.9 |
| Changes in working capital | -207.1 | -243.2 | 115.5 | -80.3 | -537.1 |
| Cash flow before investments | 222.6 | 207.8 | 448.9 | 129.5 | -284.2 |
| Net investments | -163.2 | -110.6 | -89.6 | -105.5 | -74.3 |
| Cash flow after investments | 59.4 | 97.2 | 359.3 | 24.0 | -358.5 |
| Financial payments | 39.3 | -106.3 | -313.3 | -78.3 | 368.3 |
| Cash flow for the year | 98.7 | -9.1 | 46.0 | -54.3 | 9.8 |
| Financial highlights | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|
| Net sales, SEK million | 6 290.6 | 5 597.3 | 5 237.1 | 4 964.7 | 4 273.6 |
| Operating result, SEK million | 482.8 | 469.1 | 400.2 | 255.2 | 250.0 |
| Result for the year, SEK million | 360,0 | 354,0 | 276.7 | 145.3 | 176.9 |
| Cash flow from operating activities, SEK million | 222.6 | 207.8 | 448.9 | 129.5 | -284.2 |
| Balance sheet total, SEK million | 7 061.4 | 5 953.1 | 5 824.2 | 5 478.7 | 5 736.6 |
| Sales growth, % | 12.4 | 6.88 | 5.49 | 16.2 | 5.6 |
| Gross profit margin, % | 46.6 | 46.1 | 46,0 | 45.1 | 45.7 |
| Operating margin, % | 7.7 | 8.4 | 7.6 | 5.1 | 5.9 |
| Equity ratio, % | 48.6 | 50.9 | 48.4 | 45.9 | 45.9 |
| Net debt to equity ratio, % | 53.3 | 54.1 | 62.1 | 76.8 | 76,0 |
| Net debt in relation to working capital, % | 57,0 | 54.7 | 64.7 | 71.7 | 71.1 |
| Result per share, SEK | 5.48 | 5.34 | 4.16 | 2.16 | 2.66 |
| Dividend per share, SEK | 1.7 | 1.35 | 1.00 | 1.00 | 1.00 |
| Number of employees | 2 605 | 2 495 | 2 396 | 2 358 | 2 212 |
| Per share data | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|
| Number of shares before and after dilution | 66 343 543 | 66 343 543 | 66 343 543 | 66 343 543 | 66 343 543 |
| Profit/loss per share before and after dilution, SEK | 5.48 | 5.34 | 4.16 | 2.16 | 2.66 |
| Equity per share before and after dilution, SEK | 51.76 | 45.66 | 42.46 | 37.89 | 36.25 |
| Share price on 31 December, SEK | 47.40 | 54.50 | 55.25 | 34.50 | 38.30 |
| P/E ratio 31 December | 8.70 | 10.20 | 13.30 | 15.75 | 14.37 |
| Dividend per share, SEK | 1.70 | 1.35 | 1.00 | 1.00 | 1.00 |
| Dividend yield, % | 3.59 | 2.48 | 1.81 | 2.90 | 2.61 |
| Operating cash flow per share, SEK | 3.36 | 3.13 | 6.77 | 1.95 | -4.28 |