SEKm
Sales
N/A
N/A
N/A
N/A
N/A
N/A
N/A
583
705
687
3026
3263
3481
N/A
Sales growth (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
21
-2,5
340,1
7,9
6,7
-100
EBITDA
N/A
N/A
N/A
N/A
N/A
N/A
N/A
63
62
-111
291
352
385
N/A
EBITDA margin (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
10,8
8,8
-16,2
9,6
10,8
11,1
N/A
EBIT adj.
0
0
0
0
0
0
0
58
80
-14
175
213
242
0
EBIT adj. margin (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
10
11,3
-2,1
5,8
6,5
6,9
N/A
Pretax profit
0
0
0
0
0
0
0
44
47
-124
63
161
200
0
EPS
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1,04
0,62
-2,19
0,58
1,48
1,84
N/A
EPS growth (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-40,1
N/A
N/A
N/A
23,9
-100
EPS adj.
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1,08
1,1
-0,25
0,77
1,69
2,04
N/A
DPS
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0,69
0
0
0
0,19
0,49
N/A
EV/EBITDA (x)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
6,7
7,9
-9,9
4,4
3,5
2,9
N/A
EV/EBIT adj. (x)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
7,2
6,2
-76,7
7,4
5,7
4,7
N/A
P/E (x)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
10,4
17,4
N/A
18,7
7,3
5,9
N/A
P/E adj. (x)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
10
9,8
N/A
14
6,4
5,3
N/A
EV/sales (x)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0,72
0,7
1,61
0,43
0,37
0,33
N/A
FCF yield (%)
0
0
0
0
0
0
0
4
-4,8
33,1
20,7
20,3
24,9
0
Le. adj. FCF yld. (%)
0
0
0
0
0
0
0
2,8
-6,2
31,1
13
12
16,6
0
Dividend yield (%)
0
0
0
0
0
0
0
6,4
0
0
0
1,8
4,5
0
Net IB debt/EBITDA (x)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0
1,1
-4,9
1,5
1,1
0,8
N/A
Le. adj. ND/EBITDA (x)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-0,3
0,6
-28,1
0,8
0,5
0,2
N/A
SEKm
Sales
N/A
N/A
N/A
N/A
N/A
N/A
N/A
583
705
687
3026
3263
3481
N/A
COGS
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-461
-586
-521
-1834
-1963
-2082
N/A
Gross profit
0
0
0
0
0
0
0
122
120
167
1191
1300
1399
0
Other operating items
0
0
0
0
0
0
0
-59
-57
-278
-900
-948
-1014
0
EBITDA
N/A
N/A
N/A
N/A
N/A
N/A
N/A
63
62
-111
291
352
385
N/A
Depreciation and amortisation
0
0
0
0
0
0
0
-7
-8
0
-115
-119
-123
0
of which leasing depreciation
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0
0
0
0
0
0
N/A
EBITA
N/A
N/A
N/A
N/A
N/A
N/A
N/A
57
55
-111
176
233
262
N/A
EO Items
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-2
-25
-97
-9
0
0
N/A
Impairment and PPA amortisation
0
0
0
0
0
0
0
0
0
0
-10
-20
-20
0
EBIT
N/A
N/A
N/A
N/A
N/A
N/A
N/A
57
55
-111
166
213
242
N/A
Net financial items
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-12
-8
-12
-103
-52
-42
N/A
Pretax profit
0
0
0
0
0
0
0
44
47
-124
63
161
200
0
Tax
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-4
-12
6
-13
-34
-42
N/A
Net profit
0
0
0
0
0
0
0
40
35
-118
50
127
158
0
Minority interest
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0
-10
13
-4
-11
-14
N/A
Net profit discontinued
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Net profit to shareholders
0
0
0
0
0
0
0
40
24
-104
45
116
144
0
EPS
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1,04
0,62
-2,19
0,58
1,48
1,84
N/A
EPS adj.
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1,08
1,1
-0,25
0,77
1,69
2,04
N/A
Total extraordinary items after tax
0
0
0
0
0
0
0
-2
-19
-92
-7
0
0
0
Leasing payments
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0
0
0
0
0
0
N/A
Tax rate (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
9,1
25,8
4,9
21
21
21
N/A
Gross margin (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
20,9
17
24,3
39,4
39,8
40,2
N/A
EBITDA margin (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
10,8
8,8
-16,2
9,6
10,8
11,1
N/A
EBITA margin (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
9,7
7,8
-16,2
5,8
7,2
7,5
N/A
EBIT margin (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
9,7
7,8
-16,2
5,5
6,5
6,9
N/A
Pre-tax margin (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
7,6
6,6
-18
2,1
4,9
5,7
N/A
Net margin (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
6,9
4,9
-17,1
1,6
3,9
4,5
N/A
Growth Rates y-o-y
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Sales growth (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
21
-2,5
340,1
7,9
6,7
-100
EBITDA growth (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-1
-278,6
-361,2
21,1
9,2
-100
EBITA growth (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-3,2
-303,7
-258
32,6
12,2
-100
EBIT growth (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-3,2
-303,7
-249
28,5
13,4
-100
Net profit growth (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-14
-441,3
-142,2
156,4
23,9
-100
EPS growth (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-40,1
N/A
N/A
N/A
23,9
-100
Profitability
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
ROE (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
128,9
30,3
-35,4
8,9
20
20,7
0
ROE adj. (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
134,1
53,8
-4,1
12,3
23,4
23,6
0
ROCE (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
126,8
42,2
-11
8,8
10,9
11,6
0
ROCE adj. (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
130,9
61,6
-1,4
9,8
11,9
12,5
0
ROIC (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
160,5
35
-15
11,5
15,4
16,8
N/A
ROIC adj. (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
165,7
51,2
-1,9
12
15,4
16,8
N/A
Adj. earnings numbers
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
EBITDA adj.
0
0
0
0
0
0
0
65
88
-14
300
352
385
0
EBITDA adj. margin (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
11,1
12,4
-2,1
9,9
10,8
11,1
N/A
EBITDA lease adj.
N/A
N/A
N/A
N/A
N/A
N/A
N/A
65
88
-14
300
352
385
N/A
EBITDA lease adj. margin (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
11,1
12,4
-2,1
9,9
10,8
11,1
N/A
EBITA adj.
0
0
0
0
0
0
0
58
80
-14
185
233
262
0
EBITA adj. margin (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
10
11,3
-2,1
6,1
7,2
7,5
N/A
EBIT adj.
0
0
0
0
0
0
0
58
80
-14
175
213
242
0
EBIT adj. margin (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
10
11,3
-2,1
5,8
6,5
6,9
N/A
Pretax profit Adj.
0
0
0
0
0
0
0
46
72
-27
82
181
220
0
Net profit Adj.
0
0
0
0
0
0
0
42
53
-25
67
147
178
0
Net profit to shareholders adj.
0
0
0
0
0
0
0
42
43
-12
62
136
164
0
Net adj. margin (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
7,2
7,5
-3,7
2,2
4,5
5,1
N/A
SEKm
EBITDA
N/A
N/A
N/A
N/A
N/A
N/A
N/A
63
62
-111
291
352
385
N/A
Goodwill
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0
0
639
639
639
639
N/A
Net financial items
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-12
-8
-12
-103
-52
-42
N/A
Other intangible assets
0
0
0
0
0
0
0
0
0
73
63
43
23
0
Paid tax
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-4
-3
3
-33
-55
-65
N/A
Tangible fixed assets
N/A
N/A
N/A
N/A
N/A
N/A
N/A
5
5
68
87
105
115
N/A
Non-cash items
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-39
-42
57
-6
-15
-15
N/A
Right-of-use asset
N/A
N/A
N/A
N/A
N/A
N/A
N/A
21
18
187
202
222
242
N/A
Cash flow before change in WC
0
0
0
0
0
0
0
8
9
-64
149
231
263
0
Total other fixed assets
0
0
0
0
0
0
0
28
160
151
151
151
151
0
Change in working capital
0
0
0
0
0
0
0
-8
-8
163
65
-20
-19
0
Fixed assets
0
0
0
0
0
0
0
54
183
1118
1142
1159
1170
0
Operating cash flow
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1
2
99
214
210
245
N/A
Inventories
N/A
N/A
N/A
N/A
N/A
N/A
N/A
5
0
282
303
326
348
N/A
Capex tangible fixed assets
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-4
0
-5
-39
-39
-35
N/A
Receivables
N/A
N/A
N/A
N/A
N/A
N/A
N/A
64
83
481
454
489
522
N/A
Capex intangible fixed assets
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0
0
0
0
0
0
N/A
Other current assets
N/A
N/A
N/A
N/A
N/A
N/A
N/A
126
241
420
426
450
472
N/A
Acquisitions and Disposals
0
0
0
0
0
0
0
21
-22
75
0
0
0
0
Cash and liquid assets
N/A
N/A
N/A
N/A
N/A
N/A
N/A
25
3
612
722
808
910
N/A
Free cash flow
0
0
0
0
0
0
0
17
-20
170
175
171
210
0
Total assets
0
0
0
0
0
0
0
274
509
2913
3047
3233
3422
0
Dividend paid
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-27
0
0
0
-15
-38
N/A
Shareholders equity
0
0
0
0
0
0
0
63
97
491
526
635
751
0
Share issues and buybacks
0
0
0
0
0
0
0
0
0
8
0
0
0
0
Minority
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0
0
207
207
207
207
N/A
Leasing liability amortisation
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-5
-6
-10
-65
-70
-70
N/A
Total equity
0
0
0
0
0
0
0
63
97
699
734
842
958
0
Other non-cash items
0
0
0
0
0
0
0
13
-118
-722
-10
-15
-15
442
Long-term debt
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0
45
671
671
671
671
N/A
Pension debt
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Convertible debt
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Leasing liability
0
0
0
0
0
0
0
20
18
188
198
213
228
0
Total other long-term liabilities
0
0
0
0
0
0
0
1
76
152
152
152
152
0
Short-term debt
N/A
N/A
N/A
N/A
N/A
N/A
N/A
7
11
300
300
300
300
N/A
Accounts payable
N/A
N/A
N/A
N/A
N/A
N/A
N/A
69
134
375
454
489
522
N/A
Other current liabilities
0
0
0
0
0
0
0
115
130
527
537
565
590
0
Total liabilities and equity
0
0
0
0
0
0
0
274
509
2912
3047
3233
3422
0
Net IB debt
0
0
0
0
0
0
0
1
71
547
448
376
290
0
Net IB debt excl. pension debt
0
0
0
0
0
0
0
1
71
547
448
376
290
0
Net IB debt excl. leasing
0
0
0
0
0
0
0
-18
53
359
249
163
62
0
Capital employed
0
0
0
0
0
0
0
89
170
1858
1903
2027
2158
0
Capital invested
0
0
0
0
0
0
0
64
168
1246
1181
1219
1248
0
Working capital
0
0
0
0
0
0
0
12
60
281
192
212
230
0
Market cap. diluted (m)
0
0
0
0
0
0
0
421
421
514
845
845
845
0
Net IB debt adj.
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1
71
593
448
376
290
N/A
Market value of minority
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Reversal of shares and participations
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Reversal of conv. debt assumed equity
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
EV
0
0
0
0
0
0
0
422
491
1107
1292
1221
1134
0
Total assets turnover (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
425,9
180,1
40,2
101,5
103,9
104,6
0
Working capital/sales (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1
5,1
24,8
7,8
6,2
6,4
N/A
Financial risk and debt service
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Net debt/equity (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
2,1
72,8
78,3
61
44,7
30,2
N/A
Net debt / market cap (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0,3
16,7
106,6
53
44,6
34,3
N/A
Equity ratio (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
22,9
19
24
24,1
26,1
28
N/A
Net IB debt adj. / equity (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
2,1
72,8
84,9
61
44,7
30,2
N/A
Current ratio
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1,16
1,19
1,49
1,47
1,53
1,59
N/A
EBITDA/net interest
N/A
N/A
N/A
N/A
N/A
N/A
N/A
5,1
7,6
9
2,8
6,8
9,2
N/A
Net IB debt/EBITDA (x)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0
1,1
-4,9
1,5
1,1
0,8
N/A
Net IB debt/EBITDA lease adj. (x)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-0,3
0,6
-28,1
0,8
0,5
0,2
N/A
Interest coverage
N/A
N/A
N/A
N/A
N/A
N/A
N/A
4,6
6,7
9
1,7
4,5
6,2
N/A
SEKm
Shares outstanding adj.
N/A
N/A
N/A
N/A
N/A
N/A
N/A
39
39
48
78
78
78
N/A
Diluted shares adj.
0
0
0
0
0
0
0
39
39
48
78
78
78
0
EPS
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1,04
0,62
-2,19
0,58
1,48
1,84
N/A
Dividend per share
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0,69
0
0
0
0,19
0,49
N/A
EPS adj.
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1,08
1,1
-0,25
0,77
1,69
2,04
N/A
BVPS
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1,61
2,49
10,33
6,73
8,12
9,6
N/A
BVPS adj.
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1,61
2,49
-4,63
-2,24
-0,6
1,14
N/A
Net IB debt/share
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0,03
1,81
12,47
5,72
4,81
3,7
N/A
Share price
10,8
10,8
10,8
10,8
10,8
10,8
10,8
10,8
10,8
10,8
10,8
10,8
10,8
10,8
Market cap. (m)
0
0
0
0
0
0
0
421
421
514
845
845
845
0
P/E (x)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
10,4
17,4
N/A
18,7
7,3
5,9
N/A
EV/sales (x)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0,7
0,7
1,6
0,4
0,4
0,3
N/A
EV/EBITDA (x)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
6,7
7,9
-9,9
4,4
3,5
2,9
N/A
EV/EBITA (x)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
7,5
9
-9,9
7,3
5,2
4,3
N/A
EV/EBIT (x)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
7,5
9
-9,9
7,8
5,7
4,7
N/A
Dividend yield (%)
0
0
0
0
0
0
0
6,4
0
0
0
1,8
4,5
0
FCF yield (%)
0
0
0
0
0
0
0
4
-4,8
33,1
20,7
20,3
24,9
0
Le. adj. FCF yld. (%)
0
0
0
0
0
0
0
2,8
-6,2
31,1
13
12
16,6
0
P/BVPS (x)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
6,71
4,34
1,05
1,6
1,33
1,12
N/A
P/BVPS adj. (x)
10,8
10,8
10,8
10,8
10,8
10,8
10,8
6,71
4,34
-2,33
-4,81
-18,05
9,47
10,8
P/E adj. (x)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
10
9,8
N/A
14
6,4
5,3
N/A
EV/EBITDA adj. (x)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
6,5
5,6
-76,7
4,3
3,5
2,9
N/A
EV/EBITA adj. (x)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
7,2
6,2
-76,7
7
5,2
4,3
N/A
EV/EBIT adj. (x)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
7,2
6,2
-76,7
7,4
5,7
4,7
N/A
EV/CE (x)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
4,7
2,9
0,6
0,7
0,6
0,5
N/A
Investment ratios
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Capex/sales (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0,8
0
0,7
1,3
1,2
1
N/A
Capex/depreciation
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0,7
0
N/A
0,3
0,3
0,3
N/A
Capex tangibles / tangible fixed assets
N/A
N/A
N/A
N/A
N/A
N/A
N/A
93,6
6,7
6,7
45
37,4
30,2
N/A
Capex intangibles / definite intangibles
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0
0
0
0
N/A
Depreciation on intang / def. intang
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0
0
0
0
N/A
Depreciation on tangibles / tangibles
N/A
N/A
N/A
N/A
N/A
N/A
N/A
138,3
171,1
0
131,5
113,8
106,6
N/A
Sales
Sales growth (%)
EBIT adj.
EBIT adj. margin (%)
EPS adj.
DPS
Net IB debt
Equity ratio (%)
Shares outstanding adj.
Sales
Sales growth (%)
EBIT adj.
EBIT adj. margin (%)
EPS adj.
DPS
Net IB debt
Equity ratio (%)
Shares outstanding adj.