Financial overview

SEK million, unless otherwise statedFull year
2017/182016/172015/162014/152013/14
Net sales10 8109 5208 6118 1636 372
EBITDA872827721720614
Depreciation/amortization-244-208-185-198-164
Depreciation related to acquisitions-6-4-2-5-
Non-recurring items (included in EBITDA)-48-23-32-79-35
Operating profit (EBIT)622615535517449
Total financial items-68-80-127-269-209
Income before tax555535408248240
Profit/loss for the period430416319222189
Balance sheet items, SEK m
Total non-current assets7 8236 5746 1915 8845 945
Current receivables860695685671654
Cash and cash equivalents699579331695562
Non-current interest-bearing liabilities2 2092 2002 1112 6093 020
Non-current non-interest-bearing liabilities135114163197131
Current interest-bearing liabilities673516573715469
Current non-interest-bearing liabilities2 1031 5771 3701 4251 352
Total equity4 2623 4432 9902 3042 189
Total assets9 3837 8497 2077 2507 161
Capital employed7 1446 1585 6745 6285 679
Net debt2 1792 1332 3422 6292 927
Adjusted net debt1 5281 5501 8662 2952 563
Key ratios
Operating margin (EBIT), % 5.8%6.5%6,2%6,3%7,1%
Adjusted EBIT, SEK m670638568596485
Adjusted EBIT margin, %6.2%6.7%6,6%7,3%7,6%
Adjusted EBITDA, SEK m920850753799649
Adjusted EBITDA margin, %8.5%8,9%8,7%9,8%10,2%
Net margin, %4.0%4.4%3,7%2,7%3,0%
Return on capital employed, %, 12 months10.1%10.9%10,3%10,8%10,0%
Return on equity after tax, %, 12 months11.2%12.9%12,1%9,9%10,1%
Equity/assets ratio, %45.4%43.9%41,5%31,8%30,6%
Interest cover10.9%9.44.52.82.7
Net debt/Adjusted EBITDA (12 months)2.42.53.13.34.5
Adjusted net debt/Adjusted EBITDA (12 months)1.71.82.52.93.9
Cash flow from investments Capital Expenditure-970-374-386-68-864
Number of annual employees11 86310 5649 7049 1596 997

Key ratio definitions are listed here.