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