EBITDA |
|
-6 |
-9 |
-9 |
-16 |
-28 |
-44 |
-53 |
-73 |
|
Net financial items |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Paid tax |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Non-cash items |
|
1 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Cash flow before change in WC |
|
-6 |
-9 |
-10 |
-17 |
-29 |
-44 |
-53 |
-73 |
|
Change in WC |
|
1 |
2 |
0 |
0 |
3 |
-7 |
-9 |
-18 |
|
Operating cash flow |
|
-5 |
-7 |
-9 |
-17 |
-25 |
-52 |
-62 |
-91 |
|
CAPEX tangible fixed assets |
|
-3 |
-2 |
-3 |
0 |
0 |
0 |
0 |
0 |
|
CAPEX intangible fixed assets |
|
-4 |
-5 |
-8 |
0 |
0 |
-15 |
0 |
0 |
|
Acquisitions and disposals |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Free cash flow |
|
-12 |
-13 |
-20 |
-17 |
-25 |
-67 |
-62 |
-91 |
|
Dividend paid |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Share issues and buybacks |
|
23 |
0 |
22 |
39 |
0 |
0 |
100 |
100 |
|
Lease liability amortisation |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
1 |
|
Other non cash items |
|
-27 |
-6 |
-20 |
-38 |
-2 |
7 |
-100 |
-101 |
|
Balance Sheet (SEKm) |
|
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
|
Goodwill |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Other intangible assets |
|
7 |
11 |
17 |
34 |
46 |
61 |
61 |
61 |
|
Tangible fixed assets |
|
3 |
3 |
5 |
4 |
10 |
10 |
10 |
10 |
|
Right-of-use asset |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Total other fixed assets |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Fixed assets |
|
10 |
14 |
22 |
37 |
56 |
71 |
71 |
71 |
|
Inventories |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Receivables |
|
1 |
2 |
2 |
4 |
4 |
3 |
2 |
0 |
|
Other current assets |
|
0 |
1 |
1 |
0 |
0 |
0 |
0 |
0 |
|
Cash and liquid assets |
|
22 |
11 |
11 |
13 |
106 |
39 |
77 |
86 |
|
Total assets |
|
33 |
28 |
35 |
54 |
165 |
113 |
150 |
157 |
|
Shareholders equity |
|
27 |
16 |
25 |
43 |
151 |
107 |
145 |
154 |
|
Minority |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Total equity |
|
27 |
16 |
25 |
43 |
151 |
107 |
145 |
154 |
|
Long-term debt |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Pension debt |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Convertible debt |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Leasing liability |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Total other long-term liabilities |
|
3 |
5 |
4 |
3 |
3 |
3 |
3 |
3 |
|
Short-term debt |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Accounts payable |
|
1 |
2 |
2 |
2 |
4 |
3 |
2 |
0 |
|
Other current liabilities |
|
2 |
4 |
4 |
5 |
7 |
0 |
0 |
0 |
|
Total liabilities and equity |
|
33 |
28 |
35 |
54 |
165 |
113 |
150 |
157 |
|
Net IB debt |
|
-22 |
-11 |
-11 |
-13 |
-106 |
-39 |
-77 |
-86 |
|
Net IB debt excl. pension debt |
|
-22 |
-11 |
-11 |
-13 |
-106 |
-39 |
-77 |
-86 |
|
Net IB debt excl. leasing |
|
-19 |
-6 |
-8 |
-10 |
-103 |
-36 |
-74 |
-84 |
|
Capital invested |
|
6 |
6 |
13 |
31 |
46 |
68 |
68 |
68 |
|
Working capital |
|
-1 |
-4 |
-4 |
-4 |
-7 |
0 |
0 |
0 |
|
EV breakdown |
|
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
|
Market cap. diluted (m) |
|
41 |
85 |
141 |
220 |
203 |
99 |
198 |
297 |
|
Net IB debt Adj |
|
-22 |
-11 |
-11 |
-13 |
-106 |
-39 |
-77 |
-86 |
|
Market value of minority |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Reversal of shares and participations |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Reversal of conv. debt assumed equity |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
EV |
|
19 |
74 |
130 |
207 |
97 |
60 |
121 |
210 |
|
Capital efficiency (%) |
|
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
|
Total assets turnover (%) |
|
12.1 |
13.6 |
27.6 |
47.1 |
16.6 |
10.8 |
9.2 |
0 |
|
Working capital / sales (%) |
|
-16.7 |
-61.3 |
-45.8 |
-18.9 |
-30.5 |
-24 |
1.1 |
0 |
|
Financial risk and debt service |
|
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
|
Net debt / equity (%) |
|
-79.3 |
-66 |
-45.8 |
-29.6 |
-69.9 |
-36.4 |
-53 |
-55.9 |
|
Net debt / market cap (%) |
|
-39.7 |
-16.8 |
-8 |
-6.8 |
-31 |
-39.4 |
-38.9 |
-29.1 |
|
Equity ratio (%) |
|
82.8 |
58.4 |
70.2 |
80.7 |
91.7 |
95 |
96.6 |
98.4 |
|
Net IB debt adj. / equity (%) |
|
-79.3 |
-66 |
-45.8 |
-29.6 |
-69.9 |
-36.4 |
-53 |
-55.9 |
|
Current ratio (%) |
|
892.8 |
204.4 |
208 |
219.4 |
983.6 |
1364.7 |
3192.1 |
0 |
|
EBITDA / net interest (%) |
|
-4990.1 |
-6484.2 |
-3717.7 |
-6385.9 |
-15243.5 |
0 |
0 |
0 |
|
Net IB debt / EBITDA (%) |
|
351.4 |
123.2 |
123.1 |
78.7 |
372.9 |
87.7 |
144.5 |
118.4 |
|
Net IB debt / EBITDA lease Adj (%) |
|
301 |
66.2 |
81.1 |
61.2 |
363.8 |
81.9 |
139.6 |
116.5 |
|
Interest cover (%) |
|
-6321.9 |
-8200.9 |
-5104 |
-8427.1 |
-19258.6 |
0 |
0 |
0 |
|