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