The Group in summary
| Income statement summary, SEK million | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Net sales | 8843.6 | 6 718.6 | 6 098.8 | 6 903.5 | 6 290.6 |
| Other operating income | 123.9 | 111.5 | 146.2 | 77.9 | 74.8 |
| Operating costs | -7213.2 | -5 596.9 | -5 469.6 | -6 213.4 | -5 804.7 |
| Result before amortizations, depreciations and write-downs | 1754.3 | 1 233.2 | 775.4 | 768.1 | 560.7 |
| Amortizations, depreciations and write-downs | -249.2 | -227.3 | -229.5 | -233.1 | -77.9 |
| Operating result | 1505.1 | 1 005.9 | 545.9 | 535.0 | 482.8 |
| Net financial items | -55.0 | -43.0 | -64.9 | -68.2 | -40.9 |
| Result before tax | 1450.1 | 962.9 | 481.0 | 466.7 | 441.8 |
| Tax expense | -281.3 | -202.9 | -118.0 | -96.7 | -81.8 |
| Result for the year | 1168.8 | 760.0 | 363.0 | 370.1 | 360.0 |
| Balance sheets in brief | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Trademarks | 588.9 | 531.4 | 494.3 | 543.4 | 516.7 |
| Other fixed assets | 2681.0 | 2 345.6 | 2 336.4 | 2 560.5 | 1 703.9 |
| Inventory | 5297.7 | 2 937.6 | 2 883.0 | 3 557.9 | 3 230.9 |
| Accounts receivable | 1664.1 | 1 359.6 | 1 059.3 | 1 192.8 | 1 084.1 |
| Other current assets | 292.5 | 158.5 | 118.5 | 188.4 | 213.6 |
| Liquid assets | 419.4 | 327.9 | 325.1 | 351.3 | 312.2 |
| Total assets | 10943.6 | 7 660.6 | 7 216.7 | 8 394.3 | 7 061.4 |
| - | - | - | - | - | - |
| Equity attributable to shareholders | 5889.4 | 4 566.7 | 3 845,00 | 3 754.4 | 3415.0 |
| Equity attributable to non-controlling interest | 1.1 | 0.9 | 10.5 | 16.3 | 19.2 |
| Provisions | 190.4 | 164.9 | 165.7 | 165.0 | 166.0 |
| Interest-bearing liabilities | 2749.0 | 1 396.7 | 2 142.7 | 3 316.1 | 2 143.2 |
| Non-interest-bearing liabilities | 2113.7 | 1 531.5 | 1 052.7 | 1 142.5 | 1 317.9 |
| Total equity and liabilities | 10943.6 | 7 660.6 | 7 216.7 | 8 394.3 | 7 061.4 |
| Cash flows | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Cash flow before changes in working capital and investments | 1383.2 | 993.0 | 631.8 | 605.0 | 429.7 |
| Changes in working capital | -1743.2 | 214.4 | 574.8 | -505.6 | -207.1 |
| Cash flow before investments | -360.0 | 1 207.4 | 1 206.6 | 99.5 | 222.6 |
| Net investments | -522.2 | -114.2 | -57.5 | -148.7 | -163.2 |
| Cash flow after investments | -882.2 | 1 093.2 | 1 149.1 | -49.3 | 59.4 |
| Financial payments | 934.1 | -1 110.9 | -1 155.6 | 80.4 | 39.3 |
| Cash flow for the year | 51.9 | -17.7 | -6.4 | 31.2 | 98.7 |
| Financial highlights | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Net sales, SEK million | 8843.6 | 6 718.6 | 6 098.8 | 6 903.5 | 6 290.6 |
| Operating result, SEK million | 1505.1 | 1 005.9 | 545.9 | 535.0 | 482.8 |
| Result for the year, SEK million | 1168.8 | 760.0 | 363.0 | 370.1 | 360 |
| Cash flow from operating activities, SEK million | -360.0 | 1 207.4 | 1 206.6 | 99.5 | 222.6 |
| Balance sheet total, SEK million | 10943.6 | 7 660.6 | 7 216.7 | 8 394.3 | 7 061.4 |
| - | - | - | - | - | - |
| Net sales growth, % | 31.6 | 10.2 | -11.7 | 9.7 | 12.4 |
| Gross profit margin, % | 49.5 | 48.1 | 43.2 | 46.4 | 46.6 |
| Operating margin, % | 17.0 | 15.0 | 9.0 | 7.7 | 7.7 |
| Equity ratio, % | 53.8 | 59.6 | 53.4 | 44.9 | 48.6 |
| Net debt to equity ratio, % | 39.5 | 23.4 | 47.1 | 78.6 | 53.3 |
| Net debt in relation to working capital, % | 44.7 | 35.7 | 59.5 | 77.1 | 57 |
| - | - | - | - | - | - |
| Earnings per share, SEK | 17.62 | 11.46 | 5.51 | 5.66 | 5.48 |
| Dividend per share, SEK | 4.25 | 4.00 | - | 2.00 | 1.70 |
| - | - | - | - | - | - |
| Number of employees | 2312 | 2 060 | 2 064 | 2 579 | 2 566 |
| Per share data | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| 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 | 17.62 | 11.46 | 5.51 | 5.66 | 5.48 |
| Equity per share before and after dilution, SEK | 88.77 | 68.83 | 57.96 | 56.59 | 51.47 |
| Share price on 31 December, SEK | 206.4 | 167.80 | 54.50 | 59.80 | 47.40 |
| P/E ratio 31 December | 11.72 | 14.64 | 9.89 | 10.56 | 8.65 |
| Dividend per share, SEK | 4.25 | 4.00 | - | 2.00 | 1.70 |
| Dividend yield, % | 2.06 | 2.38 | - | 3.34 | 3.59 |
| Operating cash flow per share, SEK | -5.4 | 18.20 | 18.19 | 1.50 | 3.36 |