Financial multi-year summary
SEKm |
2020 |
2019 |
2018 |
2017 |
2016 |
2015 |
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INCOME STATEMENT |
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Net sales |
121,752 |
128,975 |
118,500 |
109,265 |
101,238 |
98,519 |
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Adjusted EBITA |
17,626 |
15,840 |
12,935 |
13,405 |
11,992 |
10,603 |
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Personal Care |
7,161 |
6,746 |
6,354 |
5,937 |
4,283 |
3,997 |
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Consumer Tissue |
8,045 |
5,321 |
3,331 |
4,084 |
4,450 |
3,846 |
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Professional Hygiene |
3,317 |
4,463 |
3,841 |
4,004 |
3,836 |
3,497 |
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Other operations |
–897 |
–690 |
–591 |
–620 |
–577 |
–737 |
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Items affecting comparability |
–59 |
–713 |
–1,375 |
–855 |
–2,645 |
–292 |
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EBITA |
17,567 |
15,127 |
11,560 |
12,550 |
9,347 |
10,3111) |
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Amortization of acquisition-related intangible assets |
–809 |
–778 |
–732 |
–560 |
–159 |
–133 |
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Items affecting comparability |
0 |
0 |
–69 |
–85 |
–180 |
–494 |
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Operating profit |
16,758 |
14,349 |
10,759 |
11,905 |
9,008 |
9,684 |
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Financial income |
108 |
106 |
91 |
158 |
202 |
3122) |
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Financial expenses |
–1,066 |
–1,415 |
–1,248 |
–1,340 |
–1,037 |
–1,140 |
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Profit before tax |
15,800 |
13,040 |
9,602 |
10,723 |
8,173 |
8,856 |
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Income taxes |
–4,053 |
–2,828 |
–1,050 |
–1,938 |
–3,931 |
–2,278 |
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Profit for the period |
11,747 |
10,212 |
8,552 |
8,785 |
4,242 |
6,578 |
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BALANCE SHEET |
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Non-current assets (excl. financial receivables) |
107,974 |
116,779 |
110,370 |
105,398 |
77,238 |
67,483 |
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Receivables and inventories |
37,141 |
38,486 |
38,646 |
34,664 |
29,917 |
29,171 |
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Non-current assets held for sale |
0 |
42 |
69 |
42 |
156 |
120 |
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Financial receivables |
3,555 |
3,535 |
1,751 |
1,700 |
1,052 |
766 |
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Current financial assets |
993 |
525 |
422 |
1,105 |
1,677 |
12,983 |
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Cash and cash equivalents |
4,982 |
2,928 |
3,008 |
4,107 |
4,244 |
4,828 |
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Total assets |
154,645 |
162,295 |
154,266 |
147,016 |
114,284 |
115,351 |
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Equity |
54,352 |
54,125 |
47,141 |
42,289 |
33,204 |
42,986 |
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Non-controlling interests |
8,990 |
8,676 |
7,758 |
7,281 |
6,376 |
5,289 |
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Provisions |
12,671 |
14,017 |
15,696 |
14,659 |
11,961 |
8,450 |
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Interest-bearing debt |
46,890 |
52,062 |
54,327 |
54,838 |
36,873 |
34,717 |
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Operating and other non-interest bearing liabilities |
31,742 |
33,415 |
29,344 |
27,949 |
25,870 |
23,909 |
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Total equity and liabilities |
154,645 |
162,295 |
154,266 |
147,016 |
114,284 |
115,351 |
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Average capital employed |
112,473 |
114,663 |
107,575 |
90,167 |
73,145 |
70,115 |
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Net debt, incl. pension liabilities |
42,688 |
50,940 |
54,404 |
52,467 |
35,173 |
19,058 |
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OPERATING CASH FLOW STATEMENT |
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Operating cash flow |
16,018 |
15,639 |
9,900 |
10,622 |
10,998 |
8,261 |
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Cash flow from current operations |
11,175 |
13,208 |
6,363 |
6,644 |
6,530 |
5,371 |
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Cash flow before transactions with shareholders |
10,795 |
13,285 |
5,737 |
–19,372 |
359 |
5,328 |
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Investments in non-current assets, net |
–6,439 |
–5,707 |
–6,781 |
–6,012 |
–6,255 |
–5,472 |
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Acquisitions of Group companies and other operations |
–747 |
–143 |
–694 |
–26,045 |
–6,540 |
–92 |
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Divestments of Group companies and other operations |
367 |
220 |
68 |
29 |
369 |
49 |
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KEY FIGURES |
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Equity/assets ratio, % |
35 |
33 |
31 |
29 |
29 |
37 |
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Interest coverage ratio |
17.5 |
11.0 |
9.3 |
10.1 |
10.8 |
11.7 |
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Debt payment capacity, incl. pension liabilities, % |
46 |
38 |
25 |
26 |
29 |
65 |
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Debt/equity ratio, incl. pension liabilities |
0.67 |
0.81 |
0.99 |
1.06 |
0.89 |
0.39 |
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Debt/equity ratio, excl. pension liabilities |
0.63 |
0.76 |
0.92 |
0.99 |
0.76 |
0.34 |
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Return on capital employed, % |
15.6 |
13.2 |
10.8 |
13.9 |
12.8 |
13.8 |
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Adjusted return on capital employed, % |
15.7 |
13.8 |
12.0 |
14.9 |
16.4 |
15.1 |
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Return on equity, % |
18.2 |
17.4 |
16.1 |
19.8 |
9.3 |
13.9 |
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EBITA margin, % |
14.4 |
11.7 |
9.8 |
11.5 |
9.2 |
10.5 |
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Adjusted EBITA margin, % |
14.5 |
12.3 |
10.9 |
12.3 |
11.8 |
10.8 |
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Operating margin, % |
13.8 |
11.1 |
9.1 |
10.9 |
8.9 |
9.8 |
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Adjusted operating margin, % |
13.8 |
11.7 |
10.3 |
11.8 |
11.7 |
10.6 |
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Net margin, % |
9.7 |
7.9 |
7.2 |
8.0 |
4.2 |
6.7 |
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Capital turnover rate |
1.08 |
1.12 |
1.10 |
1.21 |
1.38 |
1.41 |
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Cash flow from current operations per share, SEK |
15.91 |
18.81 |
9.06 |
9.46 |
9.30 |
7.65 |
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Earnings per share, SEK |
14.56 |
13.12 |
11.23 |
11.56 |
5.41 |
8.73 |
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Dividend per share, SEK |
6.753) |
6.25 |
5.75 |
5.75 |
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