The Group in summary
| Income statement summary, SEK million | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Net sales | 9512.9 | 8843.6 | 6 718.6 | 6 098.8 | 6 903.5 |
| Other operating income | 130.7 | 123.9 | 111.5 | 146.2 | 77.9 |
| Operating costs | -7803.2 | -7213.2 | -5 596.9 | -5 469.6 | -6 213.4 |
| Result before amortizations, depreciations and write-downs | 1840.4 | 1754.3 | 1 233.2 | 775.4 | 768.1 |
| Amortizations, depreciations and write-downs | -263.2 | -249.2 | -227.3 | -229.5 | -233.1 |
| Operating result | 1577.2 | 1505.1 | 1 005.9 | 545.9 | 535.0 |
| Net financial items | -137.7 | -55.0 | -43.0 | -64.9 | -68.2 |
| Result before tax | 1439.4 | 1450.1 | 962.9 | 481.0 | 466.7 |
| Tax expense | -320.4 | -281.3 | -202.9 | -118.0 | -96.7 |
| Result for the year | 1119.0 | 1168.8 | 760.0 | 363.0 | 370.1 |
| Balance sheets in brief | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Trademarks | 604.4 | 588.9 | 531.4 | 494.3 | 543.4 |
| Other fixed assets | 2688.4 | 2681.0 | 2 345.6 | 2 336.4 | 2 560.5 |
| Inventory | 5346.8 | 5297.7 | 2 937.6 | 2 883.0 | 3 557.9 |
| Accounts receivable | 1475.2 | 1664.1 | 1 359.6 | 1 059.3 | 1 192.8 |
| Other current assets | 251.9 | 292.5 | 158.5 | 118.5 | 188.4 |
| Liquid assets | 372.6 | 419.4 | 327.9 | 325.1 | 351.3 |
| Total assets | 10739.3 | 10943.6 | 7 660.6 | 7 216.7 | 8 394.3 |
| - | - | - | - | - | - |
| Equity attributable to shareholders | 6459.3 | 5889.4 | 4 566.7 | 3 845,00 | 3 754.4 |
| Equity attributable to non-controlling interest | 1.2 | 1.1 | 0.9 | 10.5 | 16.3 |
| Provisions | 207.9 | 190.4 | 164.9 | 165.7 | 165.0 |
| Interest-bearing liabilities | 2401.5 | 2749.0 | 1 396.7 | 2 142.7 | 3 316.1 |
| Non-interest-bearing liabilities | 1669.5 | 2113.7 | 1 531.5 | 1 052.7 | 1 142.5 |
| Total equity and liabilities | 10739.3 | 10943.6 | 7 660.6 | 7 216.7 | 8 394.3 |
| Cash flows | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Cash flow before changes in working capital and investments | 1362.8 | 1383.2 | 993.0 | 631.8 | 605.0 |
| Changes in working capital | -399.0 | -1743.2 | 214.4 | 574.8 | -505.6 |
| Cash flow before investments | 963.8 | -360.0 | 1 207.4 | 1 206.6 | 99.5 |
| Net investments | -220.9 | -522.2 | -114.2 | -57.5 | -148.7 |
| Cash flow after investments | 742.9 | -882.2 | 1 093.2 | 1 149.1 | -49.3 |
| Financial payments | -785.4 | 934.1 | -1 110.9 | -1 155.6 | 80.4 |
| Cash flow for the year | -42.5 | 51.9 | -17.7 | -6.4 | 31.2 |
| Financial highlights | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Net sales, SEK million | 9512.9 | 8843.6 | 6 718.6 | 6 098.8 | 6 903.5 |
| Operating result, SEK million | 1577.2 | 1505.1 | 1 005.9 | 545.9 | 535.0 |
| Result for the year, SEK million | 1119.0 | 1168.8 | 760.0 | 363.0 | 370.1 |
| Cash flow from operating activities, SEK million | 963.8 | -360.0 | 1 207.4 | 1 206.6 | 99.5 |
| Balance sheet total, SEK million | 10739.3 | 10943.6 | 7 660.6 | 7 216.7 | 8 394.3 |
| - | - | - | - | - | - |
| Net sales growth, % | 7.6 | 31.6 | 10.2 | -11.7 | 9.7 |
| Gross profit margin, % | 50.3 | 49.5 | 48.1 | 43.2 | 46.4 |
| Operating margin, % | 16.6 | 17.0 | 15.0 | 9.0 | 7.7 |
| Equity ratio, % | 60.2 | 53.8 | 59.6 | 53.4 | 44.9 |
| Net debt to equity ratio, % | 31.4 | 39.5 | 23.4 | 47.1 | 78.6 |
| Net debt in relation to working capital, % | 37.2 | 44.7 | 35.7 | 59.5 | 77.1 |
| - | - | - | - | - | - |
| Earnings per share, SEK* | 8.43 | 8.81 | 5.73 | 2.755 | 2.83 |
| Dividend per share, SEK* | 3.5 | 3.25 | 2.00 | 0.00 | 1.00 |
| - | - | - | - | - | - |
| Number of employees | 2 450 | 2312 | 2 060 | 2 064 | 2 579 |
| - | - | - | - | - | - |
| *Recalculated with regard to the 2:1 share split carried out i May 2023 | - | - | - | - | - |
| Per share data | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Number of shares before and after dilution* | 132 687 086 | 132 687 086 | 132 687 086 | 132 687 086 | 132 687 086 |
| Earnings per share before and after dilution, SEK* | 8.43 | 8.81 | 5.73 | 2.755 | 2.83 |
| Equity per share before and after dilution, SEK* | 48.68 | 44.385 | 34.415 | 28.98 | 28.295 |
| Share price on 31 December, SEK* | 101.88 | 103.2 | 83.9 | 27.25 | 29.9 |
| P/E ratio 31 December | 12.08 | 11.72 | 14.64 | 9.89 | 10.56 |
| Dividend per share, SEK* | 3.5 | 3.25 | 2.00 | 0.00 | 1.00 |
| Dividend yield, % | 3.44 | 2.06 | 2.38 | - | 3.34 |
| Operating cash flow per share, SEK* | 7.26 | -2.7 | 9.1 | 9.01 | 0.75 |
| - | - | - | - | - | - |
| *Recalculated with regard to the 2:1 share split carried out i May 2023 | - | - | - | - | - |