Financial multi-year summary

(XLS:) Download

SEKm

2019

2018

2017

2016

2015

1)

2015 includes the sale of securities, SEK 970m.

2)

2015 does not include the sale of securities, SEK 970m.

3)

Calculation of average capital employed is based on five measurements.

4)

Key figures are defined in Note A2.

5)

Dividend proposed by the Board of Directors.

6)

Comparison figures for 2015–2018 have changed.

INCOME STATEMENT

 

 

 

 

 

Net sales

128,975

118,500

109,265

101,238

98,519

Adjusted EBITA1)

15,840

12,935

13,405

11,992

10,603

Personal Care

6,746

6,354

5,937

4,283

3,997

Consumer Tissue

5,321

3,331

4,084

4,450

3,846

Professional Hygiene

4,463

3,841

4,004

3,836

3,497

Other operations

–690

–591

–620

–577

–737

Items affecting comparability

–713

–1,375

–855

–2,645

–292

EBITA

15,127

11,560

12,550

9,347

10,311

Depreciation of acquisition-related intangible assets

–778

–732

–560

–159

–133

Items affecting comparability

0

–69

–85

–180

–494

Operating profit

14,349

10,759

11,905

9,008

9,684

Financial income2)

106

91

158

202

312

Financial expenses

–1,415

–1,248

–1,340

–1,037

–1,140

Profit before tax

13,040

9,602

10,723

8,173

8,856

Tax

–2,828

–1,050

–1,938

–3,931

–2,278

Profit for the period

10,212

8,552

8,785

4,242

6,578

 

 

 

 

 

 

BALANCE SHEET

 

 

 

 

 

Non-current assets (excl. financial receivables)

116,779

110,370

105,398

77,238

67,483

Receivables and inventories

38,486

38,646

34,664

29,917

29,171

Non-current assets held for sale

42

69

42

156

120

Financial receivables

3,535

1,751

1,700

1,052

766

Current financial assets

525

422

1,105

1,677

12,983

Cash and cash equivalents

2,928

3,008

4,107

4,244

4,828

Total assets

162,295

154,266

147,016

114,284

115,351

 

 

 

 

 

 

Equity

54,125

47,141

42,289

33,204

42,986

Non-controlling interests

8,676

7,758

7,281

6,376

5,289

Provisions6)

14,017

15,696

14,659

11,961

8,450

Interest-bearing debt

52,062

54,327

54,838

36,873

34,717

Operating and other non-interest bearing liabilities6)

33,415

29,344

27,949

25,870

23,909

Total liabilities and equity

162,295

154,266

147,016

114,284

115,351

 

 

 

 

 

 

Capital employed3)

114,663

107,575

90,167

73,145

70,115

Net debt

50,940

54,404

52,467

35,173

19,058

 

 

 

 

 

 

CASH FLOW STATEMENT

 

 

 

 

 

Operating cash flow6)

15,639

9,900

10,622

10,998

8,261

Cash flow from current operations6)

13,208

6,363

6,644

6,530

5,371

Cash flow before dividend

13,285

5,737

–19,372

359

5,328

Investments in non-current assets, net

–5,707

–6,781

–6,012

–6,255

–5,472

Company acquisitions

–143

–694

–26,045

–6,540

–92

Divestments

220

68

29

369

49

 

 

 

 

 

 

KEY FIGURES4)

 

 

 

 

 

Equity/assets ratio, %

33

31

29

29

37

Interest coverage ratio

11.0

9.3

10.1

10.8

11.7

Debt payment capacity, incl. pension liabilities, %

38

25

26

29

65

Debt/equity ratio, incl. pension liabilities

0.81

0.99

1.06

0.89

0.39

Debt/equity ratio, excl. pension liabilities

0.76

0.92

0.99

0.76

0.34

Return on capital employed, %

13.2

10.8

13.9

12.8

13.8

Adjusted return on capital employed, %

13.8

12.0

14.9

16.4

15.1

Return on equity, %

17.4

16.1

19.8

9.3

13.9

EBITA margin, %

11.7

9.8

11.5

9.2

10.5

Adjusted EBITA margin, %

12.3

10.9

12.3

11.8

10.8

Operating margin, %

11.1

9.1

10.9

8.9

9.8

Adjusted operating margin, %

11.7

10.3

11.8

11.7

10.6

Net margin, %

7.9

7.2

8.0

4.2

6.7

Capital turnover rate

1.12

1.10

1.21

1.38

1.41

Operating cash flow per share, SEK

18.81

9.06

9.46

9.30

7.65

Earnings per share, SEK

13.12

11.23

11.56

5.41

8.73

Dividend per share, SEK

6.255)

5.75

5.75