Financial multi-year summary

SEKm

2017

2016

2015

2014

1)	2015 includes the sale of securities, SEK 970m.
2)	2017, 2016, 2015 and 2014 include items affecting comparability of SEK –855m, SEK –2,645m, SEK –292m, SEK –1,009m.
3)	2017, 2016 and 2015 include items affecting comparability of SEK –85m, SEK –180m, SEK –494m.
4)	2015 does not include the sale of securities, SEK 970m.
5)	Calculation of average capital employed is based on five measurements.
6)	Key figures are defined at definitions.
7)	Indicative on the assumption that the number of issued shares in Essity as of December 31, 2016, 2015 and 2014 corresponded to the number of issued shares in Essity on December 31, 2017 (702.3 million).
8)	Dividend for 2017 relates to the proposed dividend.

INCOME STATEMENT

Net sales

109,265

101,238

98,519

87,997

Operating profit before amortization of acquisition-related intangible assets (EBITA)¹⁾

12,550

9,347

10,311

8,486

Personal Care

5,937

4,283

3,997

3,528

Consumer Tissue

4,084

4,450

3,846

3,858

Professional Hygiene

4,004

3,836

3,497

2,918

Other operations²⁾

–1,475

–3,222

–1,029

–1,818

Amortization of acquisition-related intangible assets, etc.³⁾

–645

–339

–627

–126

Operating profit

11,905

9,008

9,684

8,360

Financial income⁴⁾

158

202

312

416

Financial expenses

–1,340

–1,037

–1,140

–1,156

Profit before tax

10,723

8,173

8,856

7,620

Tax

–1,938

–3,931

–2,278

–1,939

Profit for the period

8,785

4,242

6,578

5,681

BALANCE SHEET

Non-current assets (excl. financial receivables)

105,398

77,238

67,483

69,519

Receivables and inventories

34,664

29,917

29,171

28,207

Non-current assets held for sale

156

120

Financial receivables

1,700

1,052

766

2,849

Current financial assets

1,105

1,677

12,983

14,024

Cash and cash equivalents

4,107

4,244

4,828

3,806

Total assets

147,016

114,284

115,351

118,465

Equity

42,289

33,204

42,986

39,675

Non-controlling interests

7,281

6,376

5,289

5,250

Provisions

11,631

9,145

6,675

8,189

Interest-bearing debt

54,838

36,873

34,717

40,787

Operating and other non-interest bearing liabilities

30,977

28,686

25,684

24,564

Total liabilities and equity

147,016

114,284

115,351

118,465

Capital employed⁵⁾

90,167

73,145

70,115

66,866

Net debt, incl. pension liabilities

52,467

35,173

19,058

25,066

CASH FLOW STATEMENT

Operating cash flow

12,723

13,031

10,440

9,714

Cash flow from current operations

8,745

8,563

7,550

6,900

Cash flow before dividend

–19,372

359

5,328

4,981

Current capital expenditures

–3,911

–4,222

–3,293

–2,861

Strategic capital expenditures, non-current assets

–2,101

–2,033

–2,179

–1,632

Company acquisitions

–26,045

–6,540

–92

–492

Divestments

369

205

KEY FIGURES⁶⁾

Equity/assets ratio, %

Interest coverage, multiple

10.1

10.8

11.7

11.3

Debt payment capacity, incl. pension liabilities, %

Debt/equity ratio, incl. pension liabilities

1.06

0.89

0.39

0.56

Debt/equity ratio, excl. pension liabilities

0.99

0.76

0.34

0.45

Return on capital employed, %

13.9

12.8

13.8

12.5

Return on capital employed, excl. items affecting comparability, %

14.9

16.4

15.1

14.2

Return on equity, %

19.8

9.3

13.9

13.3

Operating profit before amortization of acquisition-related intangible assets (EBITA) margin, %

11.5

9.2

10.5

9.6

Operating profit before amortization of acquisition-related intangible assets (EBITA) margin excl. items affecting comparability, %

12.3

11.8

10.8

Operating margin, %

10.9

8.9

9.8

9.5

Operating margin, excl. items affecting comparability, %

11.8

11.7

10.6

Net margin, %

8.0

4.2

6.7

6.5

Capital turnover rate, multiple

1.21

1.38

1.41

1.32

Operating cash flow per share, SEK⁷⁾

12.45

12.19

10.75

9.82

Earnings per share, SEK⁷⁾

11.56

5.41

8.73

7.42

Dividend per share, SEK⁸⁾

5.75