Financial information

Five-year overview

INCOME STATEMENT, SEK MILLION  2021 2020 2019 2018 2017
Net sales 21,876 21,147 20,404 19,305 17,293
Production costs -18,577 -18,093 -17,503 -16,502 -14,718
Gross profit/loss 3,299 3,054 2,901 2,803 2,575
Selling and administrative expenses -1,787 -1,706 -1,678 -1,596 -1,502
Operating profit/loss 1,512 1,348 1,224 1,207 1,072
Adjustments relating to specific costs - - - - 8
Adjusted operating profit/loss 1,512 1,348 1,224 1,207 1,080
Net financial items -56 -74 -73 -16 -54
Profit/Loss after financial items 1,456 1,274 1,151 1,191 1,019
Tax -318 -276 -267 -235 -199
Profit/loss for the period 1,138 997 884 956 820
BALANCE SHEET, SEK MILLION          
Goodwill 9,530 8,904 8,731 8,210 7,844
Right-of-use assets 972 1,002 1,029 - -
Other non-current assets 250 179 179 168 154
Current assets 7,170 5,220 5,599 5,211 4,523
Cash and cash equivalents 1,594 1,748 972 735 839
Total assets 19,516 17,053 16,510 14,324 13,360
Equity 6,832 5,876 5,596 5,238 4,662
Long-term loans - 500 500 1,300 1,700
Other non-current liabilities 1,159 1,270 1,001 667 356
Lease liabilities 994 1,022 1,040 - -
Commercial paper 1,603 1,350 1,495 800 1,000
Current liabilities 8,928 7,035 6,879 6,319 5,642
Total equity and liabilities 19,516 17,053 16,510 14,324 13,360
CASH FLOW, SEK MILLION          
Cash flow from operating activities 1,437 2,171 1,599 1,052 1,038
Cash flow from investing activities -509 -316 -503 -249 -231
Cash flow from financing activities -1,151 -990 -881 -914 -254
Cash flow for the period -223 866 215 -111 553
KEY FIGURES, SEK MILLION          
Operating margin, % 6.9 6.4 6.0 6.3 6.2
EBITA margin, % 6.9 6.4 6.0 6.3 6.2
Return on equity, % 17.4 16.7 16.1 18.7 18.3
Net debt -1,003 -1,124 -2,063 1,365 1,862
Capital structure (net borrowings/adj. EBITDA) 0.5 0.6 1.3 1.1 1.7
Cash conversion, % 83 138 109 103 105
Interest coverage, multiple 29.5 28.2 23.5 38.6 22.9
Equity/assets ratio, % 35.0 34.5 33.9 36.6 34.9
Order intake 24,237 20,242 22,534 20,652 17,972
Order backlog 16,519 13,791 14,485 11,992 10,271
Average no. of employees 11,864 11,906 11,722 11,475 10,643
Administration costs as % of sales 8.2 8.1 8.2 9.2 8.6
Working capital as % of sales -6.7 -7.5 -5.6 -4.9 -5.5
Basic earnings per share, SEK 5.66 4.94 4.36 4.73 4.07
Diluted earnings per share, SEK 5.64 4.93 4.35 4.72 4.06