Financial overview

SEK million, unless otherwise statedHelår
2019/202019/20 excl IFRS 162018/192017/182016/172015/16
Net sales12 27112 27111 71510 8109 5208 611
Items affecting comparability36361-48-23-32
EBITDA2 4861 102931872827721
Depreciation/amortization-323-323-280-244-208-185
Depreciation related to acquisitions-16-16-16-6-4-2
Depreciation on right-of-use assets-1 175-----
Operating profit/loss (EBIT)973763635622615535
Net financial items-417-56-69-68-80-127
Profit/loss for the period before tax556707566555535408
Profit/loss for the period after tax431549431430416319
Balance sheet items, SEK m
Non-current assets15 2858 070821878236 5746 191
Current receivables and inventories704971976860695685
Cash and cash equivalents528528527699579331
Non-current interest-bearing liabilities1 9611 9612 2052 2092 2002 111
Long-term lease liability6 299-----
Non-current non-interest-bearing liabilities207232305135114163
Current interest-bearing liabilities364364592673516573
Short-term lease liability915-----
Current non-interest-bearing liabilities1 9652 0882 0302 1031 5771 370
Equity4 8074 9254 5894 2623 4432 990
Total assets16 5189 5699 7209 3837 8497 207
Capital employed7 2507 2507 3867 1446 1585 674
Net debt1 7971 7972 2662 1792 1332 342
Property adjusted net debt1 1381 1381 5331 5281 5501 866
Key ratios
Net sales, SEK m12 27112 27111 71510 8109 5208 611
Organic growth incl. Bolt-on acquisitions, %5.4%5.4%4.4%5.8%9,0%6.4%
Acquired growth, larger acquisitions, %0,0%0,0%3.2%7.9%0.8%0.4%
Change in currency, %-0.7%-0.7%0.8%-0.1%0.8%-1.3%
Operating margin (EBIT), %7.9%6.2%5.4%5.8%6.5%6.2%
Adjusted EBIT, SEK m728728634670638568
Adjusted EBIT margin, %5.9%5.9%5.4%6.2%6.7%6.6%
Adjusted EBITDA, SEK m1 0661 066930920850753
Adjusted EBIT margin, %8.7%9,0%7.9%8.5%8.9%8.7%
Net margin, %3.5%4.5%3.7%4,0%4.4%3.7%
Return on capital employed, %, (12 months)10,0%10,0%8.7%10.1%10.9%10.3%
Return on equity, %(12 months)11.4%11.4%9.7%11.2%12.9%12.1%
Equity/assets ratio, %51.5%51.5%47.2%45.4%43.9%41.5%
Interest coverage ratio, times15.915.912.510.99.44.5
Net debt/Adjusted EBITDA (12 months)1.71.72.42.42.53.1
Adjusted net debt/adjusted EBITDA (12 months)1.11.11.61.71.82.5
Free cash flow2 257805356688658394
Cash flow from investing activities-375-375-559-970-374-386
Number of full-time employees12 68612 68612 40511 86310 5649 714

Key ratio definitions are listed here.