EBITDA |
|
-5 |
-6 |
-9 |
-9 |
-16 |
-29 |
-32 |
41 |
|
Net financial items |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Paid tax |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Non-cash items |
|
0 |
1 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Cash flow before change in WC |
|
-5 |
-6 |
-9 |
-10 |
-17 |
-29 |
-32 |
41 |
|
Change in WC |
|
-1 |
1 |
2 |
0 |
0 |
-13 |
-3 |
15 |
|
Operating cash flow |
|
-6 |
-5 |
-7 |
-9 |
-17 |
-42 |
-35 |
56 |
|
CAPEX tangible fixed assets |
|
0 |
-3 |
-2 |
-3 |
0 |
-3 |
0 |
0 |
|
CAPEX intangible fixed assets |
|
-2 |
-4 |
-5 |
-8 |
0 |
0 |
0 |
0 |
|
Acquisitions and disposals |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Free cash flow |
|
-9 |
-12 |
-13 |
-20 |
-17 |
-45 |
-35 |
56 |
|
Dividend paid |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Share issues and buybacks |
|
20 |
23 |
0 |
22 |
39 |
127 |
0 |
0 |
|
Lease liability amortisation |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Other non cash items |
|
0 |
-27 |
-6 |
-20 |
-38 |
-121 |
0 |
0 |
|
Balance Sheet (SEKm) |
|
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
Goodwill |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Other intangible assets |
|
5 |
7 |
11 |
17 |
34 |
34 |
34 |
34 |
|
Tangible fixed assets |
|
0 |
3 |
3 |
5 |
4 |
7 |
7 |
7 |
|
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 |
|
5 |
10 |
14 |
22 |
37 |
41 |
41 |
41 |
|
Inventories |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Receivables |
|
2 |
1 |
2 |
2 |
4 |
4 |
4 |
18 |
|
Other current assets |
|
0 |
0 |
1 |
1 |
0 |
0 |
0 |
0 |
|
Cash and liquid assets |
|
13 |
22 |
11 |
11 |
13 |
112 |
76 |
133 |
|
Total assets |
|
21 |
33 |
28 |
35 |
54 |
156 |
121 |
191 |
|
Shareholders equity |
|
17 |
27 |
16 |
25 |
43 |
151 |
116 |
178 |
|
Minority |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Total equity |
|
17 |
27 |
16 |
25 |
43 |
151 |
116 |
178 |
|
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 |
|
2 |
3 |
5 |
4 |
3 |
3 |
3 |
3 |
|
Short-term debt |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Accounts payable |
|
1 |
1 |
2 |
2 |
2 |
2 |
3 |
11 |
|
Other current liabilities |
|
1 |
2 |
4 |
4 |
5 |
0 |
0 |
0 |
|
Total liabilities and equity |
|
21 |
33 |
28 |
35 |
54 |
156 |
121 |
191 |
|
Net IB debt |
|
-13 |
-22 |
-11 |
-11 |
-13 |
-112 |
-76 |
-133 |
|
Net IB debt excl. pension debt |
|
-13 |
-22 |
-11 |
-11 |
-13 |
-112 |
-76 |
-133 |
|
Net IB debt excl. leasing |
|
-12 |
-19 |
-6 |
-8 |
-10 |
-109 |
-74 |
-130 |
|
Capital invested |
|
4 |
6 |
6 |
13 |
31 |
39 |
40 |
45 |
|
Working capital |
|
0 |
-1 |
-4 |
-4 |
-4 |
2 |
2 |
7 |
|
EV breakdown |
|
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
Market cap. diluted (m) |
|
46 |
41 |
85 |
141 |
220 |
115 |
115 |
115 |
|
Net IB debt Adj |
|
-13 |
-22 |
-11 |
-11 |
-13 |
-112 |
-76 |
-133 |
|
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 |
|
33 |
19 |
74 |
130 |
207 |
4 |
39 |
-17 |
|
Capital efficiency (%) |
|
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
Total assets turnover (%) |
|
14.3 |
12.1 |
13.6 |
27.6 |
47.1 |
21.9 |
18.1 |
66.4 |
|
Working capital / sales (%) |
|
-14.2 |
-16.7 |
-61.3 |
-45.8 |
-18.9 |
-4.4 |
7.1 |
4.5 |
|
Financial risk and debt service |
|
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
Net debt / equity (%) |
|
-78.1 |
-79.3 |
-66 |
-45.8 |
-29.6 |
-73.9 |
-65.9 |
-74.6 |
|
Net debt / market cap (%) |
|
-30.1 |
-39.7 |
-16.8 |
-8 |
-6.8 |
-32.8 |
-66.3 |
-115 |
|
Equity ratio (%) |
|
82.4 |
82.8 |
58.4 |
70.2 |
80.7 |
96.7 |
95.5 |
92.9 |
|
Net IB debt adj. / equity (%) |
|
-78.1 |
-79.3 |
-66 |
-45.8 |
-29.6 |
-73.9 |
-65.9 |
-74.6 |
|
Current ratio (%) |
|
806.3 |
892.8 |
204.4 |
208 |
219.4 |
4853.1 |
3092.9 |
1398.9 |
|
EBITDA / net interest (%) |
|
-16140.4 |
-4990.1 |
-6484.2 |
-3717.7 |
-6385.9 |
0 |
0 |
0 |
|
Net IB debt / EBITDA (%) |
|
247.2 |
351.4 |
123.2 |
123.1 |
78.7 |
383.7 |
237.8 |
-324.9 |
|
Net IB debt / EBITDA lease Adj (%) |
|
215 |
301 |
66.2 |
81.1 |
61.2 |
373.9 |
229 |
-317.9 |
|
Interest cover (%) |
|
-18970.3 |
-6321.9 |
-8200.9 |
-5104 |
-8427.1 |
0 |
0 |
0 |
|