Financial multi-year summary

SEKm

2020

2019

2018

2017

2016

2015

INCOME STATEMENT

 

 

 

 

 

 

Net sales

121,752

128,975

118,500

109,265

101,238

98,519

Adjusted EBITA

17,626

15,840

12,935

13,405

11,992

10,603

Personal Care

7,161

6,746

6,354

5,937

4,283

3,997

Consumer Tissue

8,045

5,321

3,331

4,084

4,450

3,846

Professional Hygiene

3,317

4,463

3,841

4,004

3,836

3,497

Other operations

–897

–690

–591

–620

–577

–737

Items affecting comparability

–59

–713

–1,375

–855

–2,645

–292

EBITA

17,567

15,127

11,560

12,550

9,347

10,3111)

Amortization of acquisition-related intangible assets

–809

–778

–732

–560

–159

–133

Items affecting comparability

0

0

–69

–85

–180

–494

Operating profit

16,758

14,349

10,759

11,905

9,008

9,684

Financial income

108

106

91

158

202

3122)

Financial expenses

–1,066

–1,415

–1,248

–1,340

–1,037

–1,140

Profit before tax

15,800

13,040

9,602

10,723

8,173

8,856

Income taxes

–4,053

–2,828

–1,050

–1,938

–3,931

–2,278

Profit for the period

11,747

10,212

8,552

8,785

4,242

6,578

 

 

 

 

 

 

 

BALANCE SHEET

 

 

 

 

 

 

Non-current assets (excl. financial receivables)

107,974

116,779

110,370

105,398

77,238

67,483

Receivables and inventories

37,141

38,486

38,646

34,664

29,917

29,171

Non-current assets held for sale

0

42

69

42

156

120

Financial receivables

3,555

3,535

1,751

1,700

1,052

766

Current financial assets

993

525

422

1,105

1,677

12,983

Cash and cash equivalents

4,982

2,928

3,008

4,107

4,244

4,828

Total assets

154,645

162,295

154,266

147,016

114,284

115,351

 

 

 

 

 

 

 

Equity

54,352

54,125

47,141

42,289

33,204

42,986

Non-controlling interests

8,990

8,676

7,758

7,281

6,376

5,289

Provisions

12,671

14,017

15,696

14,659

11,961

8,450

Interest-bearing debt

46,890

52,062

54,327

54,838

36,873

34,717

Operating and other non-interest bearing liabilities

31,742

33,415

29,344

27,949

25,870

23,909

Total equity and liabilities

154,645

162,295

154,266

147,016

114,284

115,351

 

 

 

 

 

 

 

Average capital employed

112,473

114,663

107,575

90,167

73,145

70,115

Net debt, incl. pension liabilities

42,688

50,940

54,404

52,467

35,173

19,058

 

 

 

 

 

 

 

OPERATING CASH FLOW STATEMENT

 

 

 

 

 

 

Operating cash flow

16,018

15,639

9,900

10,622

10,998

8,261

Cash flow from current operations

11,175

13,208

6,363

6,644

6,530

5,371

Cash flow before transactions with shareholders

10,795

13,285

5,737

–19,372

359

5,328

Investments in non-current assets, net

–6,439

–5,707

–6,781

–6,012

–6,255

–5,472

Acquisitions of Group companies and other operations

–747

–143

–694

–26,045

–6,540

–92

Divestments of Group companies and other operations

367

220

68

29

369

49

 

 

 

 

 

 

 

KEY FIGURES

 

 

 

 

 

 

Equity/assets ratio, %

35

33

31

29

29

37

Interest coverage ratio

17.5

11.0

9.3

10.1

10.8

11.7

Debt payment capacity, incl. pension liabilities, %

46

38

25

26

29

65

Debt/equity ratio, incl. pension liabilities

0.67

0.81

0.99

1.06

0.89

0.39

Debt/equity ratio, excl. pension liabilities

0.63

0.76

0.92

0.99

0.76

0.34

Return on capital employed, %

15.6

13.2

10.8

13.9

12.8

13.8

Adjusted return on capital employed, %

15.7

13.8

12.0

14.9

16.4

15.1

Return on equity, %

18.2

17.4

16.1

19.8

9.3

13.9

EBITA margin, %

14.4

11.7

9.8

11.5

9.2

10.5

Adjusted EBITA margin, %

14.5

12.3

10.9

12.3

11.8

10.8

Operating margin, %

13.8

11.1

9.1

10.9

8.9

9.8

Adjusted operating margin, %

13.8

11.7

10.3

11.8

11.7

10.6

Net margin, %

9.7

7.9

7.2

8.0

4.2

6.7

Capital turnover rate

1.08

1.12

1.10

1.21

1.38

1.41

Cash flow from current operations per share, SEK

15.91

18.81

9.06

9.46

9.30

7.65

Earnings per share, SEK

14.56

13.12

11.23

11.56

5.41

8.73

Dividend per share, SEK

6.753)

6.25

5.75

5.75

 

 

1)

2015 includes the sale of securities, SEK 970m.

2)

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

3)

Board of Directors’ dividend proposal.