The Group in summary

Income statement summary, SEK million 2021 2020 2019 2018 2017
Net sales 6 718.6 6 098.8 6 903.5 6 290.6 5 597.3
Other operating income 111.5 146.2 77.9 74.8 51.2
Operating costs -5 596.9 -5 469.6 -6 213.4 -5 804.7 -5 114.1
Result before amortizations, depreciations and write-downs 1 233.2 775.4 768.1 560.7 534.4
Amortizations, depreciations and write-downs -227.3 -229.5 -233.1 -77.9 -65.3
Operating result 1 005.9 545.9 535.0 482.8 469.1
Net financial items -43.0 -64.9 -68.2 -40.9 -51.9
Result before tax 962.9 481.0 466.7 441.8 417.2
Tax expense -202.9 -118.0 -96.7 -81.8 -63.2
Result for the year 760.0 363.0 370.1 360.0 354.0
Balance sheets in brief 2021 2020 2019 2018 2017
Trademarks 531.4 494.3 543.4 516.7 487.4
Other fixed assets 2 345.6 2 336.4 2 560.5 1 703.9 1 477.1
Inventory 2 937.6 2 883.0 3 557.9 3 230.9 2 643.4
Accounts receivable 1 359.6 1 059.3 1 192.8 1 084.1 982.8
Other current assets 158.5 118.5 188.4 213.6 160.0
Liquid assets 327.9 325.1 351.3 312.2 202.4
Total assets 7 660.6 7 216.7 8 394.3 7 061.4 5 953.1
- - - - - -
Equity attributable to shareholders 4 566.7 3 845,00 3 754.4 3415.0 3 006.6
Equity attributable to non-controlling interest 0.9 10.5 16.3 19.2 22.6
Provisions 164.9 165.7 165.0 166.0 148.4
Interest-bearing liabilities 1 396.7 2 142.7 3 316.1 2 143.2 1 839.7
Non-interest-bearing liabilities 1 531.5 1 052.7 1 142.5 1 317.9 953.8
Total equity and liabilities 7 660.6 7 216.7 8 394.3 7 061.4 5 953.1
Cash flows 2021 2020 2019 2018 2017
Cash flow before changes in working capital and investments 993.0 631.8 605.0 429.7 451.0
Changes in working capital 214.4 574.8 -505.6 -207.1 -243.2
Cash flow before investments 1 207.4 1 206.6 99,5 222.6 207.8
Net investments -114.2 -57.5 -148.7 -163.2 -110.6
Cash flow after investments 1 093.2 1 149.1 -49.3 59.4 97.2
Financial payments -1 110.9 -1 155.6 80.4 39.3 -106.3
Cash flow for the year -17.7 -6.4 31.2 98.7 -9.1
Financial highlights 2021 2020 2019 2018 2017
Net sales, SEK million 6 718.6 6 098.8 6 903.5 6 290.6 5 597.3
Operating result, SEK million 1 005.9 545.9 535.0 482.8 469.1
Result for the year, SEK million 760.0 363.0 370.1 360,0 354,0
Cash flow from operating activities, SEK million 1 207.4 1 206.6 99.5 222.6 207.8
Balance sheet total, SEK million 7 660.6 7 216.7 8 394.3 7 061.4 5 953.1
- - - - - -
Net sales growth, % 10.2 -11.7 9.7 12.4 6.88
Gross profit margin, % 48.1 43.2 46.4 46.6 46.1
Operating margin, % 15.0 9.0 7.7 7.7 8.4
Equity ratio, % 59.6 53.4 44.9 48.6 50.9
Net debt to equity ratio, % 23.4 47.1 78.6 53.3 54.1
Net debt in relation to working capital, % 35.7 59.5 77.1 57,0 54.7
- - - - - -
Earnings per share, SEK 11.46 5.51 5.66 5.48 5.34
Dividend per share, SEK 4.00 - 2.00 1.70 1.35
- - - - - -
Number of employees 2 060 2 064 2 579 2 566 2 495
Per share data 2021 2020 2019 2018 2017
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 11.46 5.51 5.66 5.48 5.34
Equity per share before and after dilution, SEK 68.83 57.96 56.59 51.47 45.66
Share price on 31 December, SEK 167.80 54.50 59.80 47.40 54.50
P/E ratio 31 December 14.64 9.89 10.56 8.65 10.20
Dividend per share, SEK 4.00 - 2.00 1.70 1.35
Dividend yield, % 2.38 - 3.34 3.59 2.48
Operating cash flow per share, SEK 18.20 18.19 1.50 3.36 3.13