Financial information

Five-year overview

INCOME STATEMENT, SEK MILLION  2017 2016 2015 2014 2013
Net sales 17,293 14,792  14,206 12,000 11,080
Production costs -14,718 -12,562 -12,081 -10,173 -9,420
Gross profit/loss 2,575 2,230 2,124 1,827 1,660
Selling and administrative expenses -1,502 -1,286  -1,342 -1,123 -1,061
Operating profit/loss 1,072 944 782 705 600
Adjustments relating to specific costs 8 10 96 54 49
Adjusted operating profit/loss 1,080 954 878 759 649
Net financial items -54 -67 -360 -265 -378
Profit/Loss after financial items 1,019 877 422 440 221
Tax -199 -203 -135 -120 -47
Profit/loss for the period 820 674 287 320 174
BALANCE SHEET, SEK MILLION          
Goodwill 7,844 7,599 7,211 6,940 6,733
Other non-current assets 154 144 218 386 354
Current assets 4,523 3,933 3,394 2,911 2,785
Cash and cash equivalents 839 286 573 828 838
Total assets 13,360 11,962 11,396 11,064 10,710
Equity 4,662 4,079 3,555 3,306 3,701
Long-term loans 1,700 2,700 2,700 3,441 3,312
Other non-current liabilities 356 245 177 420 182
Commercial paper 1,000 - - - -
Current liabilities 5,642 4,938 4,964 3,897 3,514
Total equity and liabilities 13,360 11,962 11,396 11,064 10,710
CASH FLOW, SEK MILLION          
Cash flow from operating activities 1,038 428 841 659 457
Cash flow from investing activities -231 -280 -262 -136 -54
Cash flow from financing activities -254 -504 -767 -545 344
Cash flow for the period 553 -356 -189 -22 746
KEY FIGURES, SEK MILLION          
Operating margin, % 6.2 6.4 5.5 5.9 5.4
Adjusted operating margin, % 6.2 6.5 6.2 6.3 5.9
Profit margin, % 5.9 5.9 3.0 3.7 2.0
Return on equity, % 18.3 17.5 8.4 9.1 4.9
Net debt 1,862 2,417 2,433 2,595 2,468
Capital structure (net borrowings/adj. EBITDA) 1.7 2.5 2.7 3.3 3.7
Cash conversion, % 106 61 125.0 128.0 146.0
Interest coverage, multiple 22.9 15.5 2.5 2.2 1.7
Equity/assets ratio, % 34.9 34.1 31.2 29.9 34.6
Order intake 17,972 15,990 14,249 12,149 12,346
Order backlog 10,271 8,644 7,092 6,580 6,075
Average no. of employees 10,643 9,730 9,359 8,188 7,967
Administration costs as % of sales 8.6 8.7 9.4 9.4 9.6
Working capital as % of sales -5.5 -5.8 -7.9 -7.1 -5.5
Basic earnings per share, SEK 4.07 3.34 1.42 1.59 0.86
Diluted earnings per share, SEK 4.06 3.34 1.42 1.59 0.86