SEKm
Sales
N/A
N/A
N/A
N/A
N/A
N/A
1316
6929
6332
5177
5896
6195
N/A
Sales growth (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
426,5
-8,6
-18,2
13,9
5,1
-100
EBITDA
N/A
N/A
N/A
N/A
N/A
N/A
161
922
826
732
876
971
N/A
EBITDA margin (%)
N/A
N/A
N/A
N/A
N/A
N/A
12,2
13,3
13
14,1
14,9
15,7
N/A
EBIT adj.
0
0
0
0
0
0
61
371
261
208
349
439
0
EBIT adj. margin (%)
N/A
N/A
N/A
N/A
N/A
N/A
4,6
5,4
4,1
4
5,9
7,1
N/A
Pretax profit
0
0
0
0
0
0
9
187
82
16
243
377
0
EPS
N/A
N/A
N/A
N/A
N/A
N/A
0,03
0,38
-0,99
-0,3
0,5
0,78
N/A
EPS growth (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-358,8
-69,9
-267,6
54,8
-100
EPS adj.
N/A
N/A
N/A
N/A
N/A
N/A
0,12
1,03
-0,49
-0,64
1,13
1,4
N/A
DPS
N/A
N/A
N/A
N/A
N/A
N/A
0
0
0
0
0
0
N/A
EV/EBITDA (x)
N/A
N/A
N/A
N/A
N/A
N/A
24
7,4
7,4
8
6,3
5,1
N/A
EV/EBIT adj. (x)
N/A
N/A
N/A
N/A
N/A
N/A
63,3
18,5
23,4
28
15,7
11,3
N/A
P/E (x)
N/A
N/A
N/A
N/A
N/A
N/A
381,4
26,3
-10,2
-33,7
20,1
13
N/A
P/E adj. (x)
N/A
N/A
N/A
N/A
N/A
N/A
84,6
9,8
-20,6
-15,9
9
7,2
N/A
EV/sales (x)
N/A
N/A
N/A
N/A
N/A
N/A
2,93
0,99
0,96
1,13
0,93
0,8
N/A
FCF yield (%)
0
0
0
0
0
0
-116,2
-23
15,5
7,9
13,5
18,9
0
Le. adj. FCF yld. (%)
0
0
0
0
0
0
-118,2
-27,6
11,7
3,7
9
13,9
0
Dividend yield (%)
0
0
0
0
0
0
0
0
0
0
0
0
0
Net IB debt/EBITDA (x)
N/A
N/A
N/A
N/A
N/A
N/A
12,1
3,4
2,8
2,7
1,9
1,2
N/A
Le. adj. ND/EBITDA (x)
N/A
N/A
N/A
N/A
N/A
N/A
10,6
3,3
2,7
2,6
1,6
0,7
N/A
SEKm
Sales
N/A
N/A
N/A
N/A
N/A
N/A
1316
6929
6332
5177
5896
6195
N/A
COGS
N/A
N/A
N/A
N/A
N/A
N/A
-662
-3765
-3446
-2683
-3116
-3223
N/A
Gross profit
0
0
0
0
0
0
654
3164
2886
2495
2780
2972
0
Other operating items
0
0
0
0
0
0
-493
-2242
-2060
-1763
-1904
-2001
0
EBITDA
N/A
N/A
N/A
N/A
N/A
N/A
161
922
826
732
876
971
N/A
Depreciation and amortisation
0
0
0
0
0
0
-61
-244
-241
-217
-222
-228
0
of which leasing depreciation
N/A
N/A
N/A
N/A
N/A
N/A
-38
-178
-155
-155
-159
-163
N/A
EBITA
N/A
N/A
N/A
N/A
N/A
N/A
100
678
585
515
653
743
N/A
EO Items
N/A
N/A
N/A
N/A
N/A
N/A
-16
6
1
2
0
0
N/A
Impairment and PPA amortisation
0
0
0
0
0
0
-55
-301
-322
-305
-304
-304
0
EBIT
N/A
N/A
N/A
N/A
N/A
N/A
45
377
263
210
349
439
N/A
Net financial items
N/A
N/A
N/A
N/A
N/A
N/A
-37
-190
-181
-195
-106
-62
N/A
Pretax profit
0
0
0
0
0
0
9
187
82
16
243
377
0
Tax
N/A
N/A
N/A
N/A
N/A
N/A
-6
-38
-34
-22
-54
-83
N/A
Net profit
0
0
0
0
0
0
2
149
48
-7
190
294
0
Minority interest
N/A
N/A
N/A
N/A
N/A
N/A
3
-9
-421
-107
0
0
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
Net profit to shareholders
0
0
0
0
0
0
5
140
-373
-113
190
294
0
EPS
N/A
N/A
N/A
N/A
N/A
N/A
0,03
0,38
-0,99
-0,3
0,5
0,78
N/A
EPS adj.
N/A
N/A
N/A
N/A
N/A
N/A
0,12
1,03
-0,49
-0,64
1,13
1,4
N/A
Total extraordinary items after tax
0
0
0
0
0
0
-4
5
1
-1
0
0
0
Leasing payments
N/A
N/A
N/A
N/A
N/A
N/A
-38
-178
-155
-155
-159
-163
N/A
Tax rate (%)
N/A
N/A
N/A
N/A
N/A
N/A
75,3
20,1
41
142,1
22
22
N/A
Gross margin (%)
N/A
N/A
N/A
N/A
N/A
N/A
49,7
45,7
45,6
48,2
47,2
48
N/A
EBITDA margin (%)
N/A
N/A
N/A
N/A
N/A
N/A
12,2
13,3
13
14,1
14,9
15,7
N/A
EBITA margin (%)
N/A
N/A
N/A
N/A
N/A
N/A
7,6
9,8
9,2
9,9
11,1
12
N/A
EBIT margin (%)
N/A
N/A
N/A
N/A
N/A
N/A
3,4
5,4
4,2
4,1
5,9
7,1
N/A
Pre-tax margin (%)
N/A
N/A
N/A
N/A
N/A
N/A
0,6
2,7
1,3
0,3
4,1
6,1
N/A
Net margin (%)
N/A
N/A
N/A
N/A
N/A
N/A
0,2
2,2
0,8
-0,1
3,2
4,7
N/A
Sales growth (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
426,5
-8,6
-18,2
13,9
5,1
-100
EBITDA growth (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
472,4
-10,4
-11,4
19,6
10,9
-100
EBITA growth (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
578,1
-13,7
-12
26,9
13,7
-100
EBIT growth (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-30,3
-19,9
66,1
25,6
-100
Net profit growth (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
7004,8
-67,6
-113,5
-3007,1
54,8
-100
EPS growth (%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-358,8
-69,9
-267,6
54,8
-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
ROE (%)
N/A
N/A
N/A
N/A
N/A
N/A
0,3
3,5
-8,9
-2,8
4,7
6,9
0
ROE adj. (%)
N/A
N/A
N/A
N/A
N/A
N/A
3,6
11
-1,2
4,8
12,2
14
0
ROCE (%)
N/A
N/A
N/A
N/A
N/A
N/A
1,3
5
3,5
3,2
5,7
7,3
0
ROCE adj. (%)
N/A
N/A
N/A
N/A
N/A
N/A
3,3
8,8
7,9
7,9
10,6
12,4
0
ROIC (%)
N/A
N/A
N/A
N/A
N/A
N/A
0,9
8,3
5
-3,5
8,7
10,2
N/A
ROIC adj. (%)
N/A
N/A
N/A
N/A
N/A
N/A
1
8,2
4,9
-3,5
8,7
10,2
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
EBITDA adj.
0
0
0
0
0
0
177
916
825
730
876
971
0
EBITDA adj. margin (%)
N/A
N/A
N/A
N/A
N/A
N/A
13,4
13,2
13
14,1
14,9
15,7
N/A
EBITDA lease adj.
N/A
N/A
N/A
N/A
N/A
N/A
139
738
670
574
717
809
N/A
EBITDA lease adj. margin (%)
N/A
N/A
N/A
N/A
N/A
N/A
10,6
10,6
10,6
11,1
12,2
13,1
N/A
EBITA adj.
0
0
0
0
0
0
116
672
584
513
653
743
0
EBITA adj. margin (%)
N/A
N/A
N/A
N/A
N/A
N/A
8,8
9,7
9,2
9,9
11,1
12
N/A
EBIT adj.
0
0
0
0
0
0
61
371
261
208
349
439
0
EBIT adj. margin (%)
N/A
N/A
N/A
N/A
N/A
N/A
4,6
5,4
4,1
4
5,9
7,1
N/A
Pretax profit Adj.
0
0
0
0
0
0
80
482
403
318
547
681
0
Net profit Adj.
0
0
0
0
0
0
61
445
370
299
494
598
0
Net profit to shareholders adj.
0
0
0
0
0
0
64
437
-51
192
494
598
0
Net adj. margin (%)
N/A
N/A
N/A
N/A
N/A
N/A
4,6
6,4
5,8
5,8
8,4
9,7
N/A
SEKm
EBITDA
N/A
N/A
N/A
N/A
N/A
N/A
161
922
826
732
876
971
N/A
Goodwill
N/A
N/A
N/A
N/A
N/A
N/A
2699
3825
3498
3541
3541
3541
N/A
Net financial items
N/A
N/A
N/A
N/A
N/A
N/A
-37
-190
-181
-195
-106
-62
N/A
Other intangible assets
0
0
0
0
0
0
2114
2451
2024
1736
1437
1138
0
Paid tax
N/A
N/A
N/A
N/A
N/A
N/A
-5
-142
-90
-22
-54
-83
N/A
Tangible fixed assets
N/A
N/A
N/A
N/A
N/A
N/A
271
304
236
239
235
232
N/A
Non-cash items
N/A
N/A
N/A
N/A
N/A
N/A
-21
-65
23
-60
0
0
N/A
Right-of-use asset
N/A
N/A
N/A
N/A
N/A
N/A
486
740
520
525
541
569
N/A
Cash flow before change in WC
0
0
0
0
0
0
99
525
578
455
716
826
0
Total other fixed assets
0
0
0
0
0
0
54
86
260
11
11
11
0
Change in working capital
0
0
0
0
0
0
-109
-104
56
95
-134
-37
0
Fixed assets
0
0
0
0
0
0
5624
7406
6538
6051
5764
5490
0
Operating cash flow
N/A
N/A
N/A
N/A
N/A
N/A
-10
421
634
550
582
789
N/A
Inventories
N/A
N/A
N/A
N/A
N/A
N/A
197
429
318
259
354
372
N/A
Capex tangible fixed assets
N/A
N/A
N/A
N/A
N/A
N/A
-41
-58
-63
-58
-60
-63
N/A
Receivables
N/A
N/A
N/A
N/A
N/A
N/A
680
1063
867
777
884
929
N/A
Capex intangible fixed assets
N/A
N/A
N/A
N/A
N/A
N/A
-33
-2
-6
-4
-5
-5
N/A
Other current assets
N/A
N/A
N/A
N/A
N/A
N/A
299
444
311
268
290
302
N/A
Acquisitions and Disposals
0
0
0
0
0
0
-2133
-1211
23
-185
0
0
0
Cash and liquid assets
N/A
N/A
N/A
N/A
N/A
N/A
1518
608
345
337
279
310
N/A
Free cash flow
0
0
0
0
0
0
-2217
-850
588
303
518
721
0
Total assets
0
0
0
0
0
0
8318
9950
8379
7691
7572
7404
0
Dividend paid
N/A
N/A
N/A
N/A
N/A
N/A
0
0
0
0
0
0
N/A
Shareholders equity
0
0
0
0
0
0
3591
4374
4053
3939
4129
4423
0
Share issues and buybacks
0
0
0
0
0
0
2288
20
2
-1
0
0
0
Minority
N/A
N/A
N/A
N/A
N/A
N/A
2
3
3
3
3
3
N/A
Leasing liability amortisation
N/A
N/A
N/A
N/A
N/A
N/A
-37
-169
-146
-160
-175
-190
N/A
Total equity
0
0
0
0
0
0
3593
4377
4056
3942
4132
4426
0
Other non-cash items
0
0
0
0
0
0
-2606
-287
433
326
0
0
1639
Long-term debt
N/A
N/A
N/A
N/A
N/A
N/A
2696
2718
631
1696
1246
746
N/A
Leasing liability
0
0
0
0
0
0
481
737
527
536
536
536
0
Total other long-term liabilities
0
0
0
0
0
0
622
688
667
501
501
501
0
Short-term debt
N/A
N/A
N/A
N/A
N/A
N/A
291
322
1500
116
166
166
N/A
Accounts payable
N/A
N/A
N/A
N/A
N/A
N/A
322
528
430
352
401
421
N/A
Other current liabilities
0
0
0
0
0
0
313
579
567
548
591
608
0
Total liabilities and equity
0
0
0
0
0
0
8318
9950
8379
7691
7572
7404
0
Net IB debt
0
0
0
0
0
0
1950
3169
2313
2012
1669
1138
0
Net IB debt excl. pension debt
0
0
0
0
0
0
1950
3169
2313
2012
1669
1138
0
Net IB debt excl. leasing
0
0
0
0
0
0
1469
2432
1786
1476
1133
602
0
Capital employed
0
0
0
0
0
0
7061
8154
6714
6290
6080
5874
0
Capital invested
0
0
0
0
0
0
5543
7546
6370
5953
5801
5563
0
Working capital
0
0
0
0
0
0
541
828
498
403
537
574
0
Market cap. diluted (m)
0
0
0
0
0
0
1907
3691
3789
3823
3823
3823
0
Net IB debt adj.
N/A
N/A
N/A
N/A
N/A
N/A
1950
3169
2313
2012
1669
1138
N/A
Market value of minority
N/A
N/A
N/A
N/A
N/A
N/A
2
3
3
3
3
3
N/A
EV
0
0
0
0
0
0
3859
6863
6106
5838
5495
4964
0
Total assets turnover (%)
N/A
N/A
N/A
N/A
N/A
N/A
31,6
75,9
69,1
64,4
77,3
82,7
0
Working capital/sales (%)
N/A
N/A
N/A
N/A
N/A
N/A
20,6
9,9
10,5
8,7
8
9
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
Net debt/equity (%)
N/A
N/A
N/A
N/A
N/A
N/A
54,3
72,4
57
51
40,4
25,7
N/A
Net debt / market cap (%)
N/A
N/A
N/A
N/A
N/A
N/A
102,2
85,8
61,1
52,6
43,7
29,8
N/A
Equity ratio (%)
N/A
N/A
N/A
N/A
N/A
N/A
43,2
44
48,4
51,3
54,6
59,8
N/A
Net IB debt adj. / equity (%)
N/A
N/A
N/A
N/A
N/A
N/A
54,3
72,4
57
51
40,4
25,7
N/A
Current ratio
N/A
N/A
N/A
N/A
N/A
N/A
2,91
1,78
0,74
1,61
1,56
1,6
N/A
EBITDA/net interest
N/A
N/A
N/A
N/A
N/A
N/A
4,4
4,8
4,6
3,8
8,3
15,7
N/A
Net IB debt/EBITDA (x)
N/A
N/A
N/A
N/A
N/A
N/A
12,1
3,4
2,8
2,7
1,9
1,2
N/A
Net IB debt/EBITDA lease adj. (x)
N/A
N/A
N/A
N/A
N/A
N/A
10,6
3,3
2,7
2,6
1,6
0,7
N/A
Interest coverage
N/A
N/A
N/A
N/A
N/A
N/A
2,7
3,6
3,2
2,6
6,2
12
N/A
SEKm
Shares outstanding adj.
N/A
N/A
N/A
N/A
N/A
N/A
189
365
375
379
379
379
N/A
Diluted shares adj.
0
0
0
0
0
0
189
365
375
379
379
379
0
EPS
N/A
N/A
N/A
N/A
N/A
N/A
0,03
0,38
-0,99
-0,3
0,5
0,78
N/A
Dividend per share
N/A
N/A
N/A
N/A
N/A
N/A
0
0
0
0
0
0
N/A
EPS adj.
N/A
N/A
N/A
N/A
N/A
N/A
0,12
1,03
-0,49
-0,64
1,13
1,4
N/A
BVPS
N/A
N/A
N/A
N/A
N/A
N/A
19,02
11,97
10,8
10,4
10,91
11,68
N/A
BVPS adj.
N/A
N/A
N/A
N/A
N/A
N/A
-6,47
-5,2
-3,92
-3,53
-2,24
-0,68
N/A
Net IB debt/share
N/A
N/A
N/A
N/A
N/A
N/A
10,33
8,67
6,17
5,31
4,41
3,01
N/A
Share price
10,1
10,1
10,1
10,1
10,1
10,1
10,1
10,1
10,1
10,1
10,1
10,1
10,1
Market cap. (m)
0
0
0
0
0
0
1907
3691
3789
3823
3823
3823
0
P/E (x)
N/A
N/A
N/A
N/A
N/A
N/A
381,4
26,3
-10,2
-33,7
20,1
13
N/A
EV/sales (x)
N/A
N/A
N/A
N/A
N/A
N/A
2,93
0,99
0,96
1,13
0,93
0,8
N/A
EV/EBITDA (x)
N/A
N/A
N/A
N/A
N/A
N/A
24
7,4
7,4
8
6,3
5,1
N/A
EV/EBITA (x)
N/A
N/A
N/A
N/A
N/A
N/A
38,6
10,1
10,4
11,3
8,4
6,7
N/A
EV/EBIT (x)
N/A
N/A
N/A
N/A
N/A
N/A
85,8
18,2
23,2
27,7
15,7
11,3
N/A
Dividend yield (%)
0
0
0
0
0
0
0
0
0
0
0
0
0
FCF yield (%)
0
0
0
0
0
0
-116,2
-23
15,5
7,9
13,5
18,9
0
Le. adj. FCF yld. (%)
0
0
0
0
0
0
-118,2
-27,6
11,7
3,7
9
13,9
0
P/BVPS (x)
N/A
N/A
N/A
N/A
N/A
N/A
0,53
0,84
0,93
0,97
0,93
0,86
N/A
P/BVPS adj. (x)
10,1
10,1
10,1
10,1
10,1
10,1
-1,56
-1,94
-2,58
-2,86
-4,5
-14,95
10,1
P/E adj. (x)
N/A
N/A
N/A
N/A
N/A
N/A
84,6
9,8
-20,6
-15,9
9
7,2
N/A
EV/EBITDA adj. (x)
N/A
N/A
N/A
N/A
N/A
N/A
21,8
7,5
7,4
8
6,3
5,1
N/A
EV/EBITA adj. (x)
N/A
N/A
N/A
N/A
N/A
N/A
33,3
10,2
10,5
11,4
8,4
6,7
N/A
EV/EBIT adj. (x)
N/A
N/A
N/A
N/A
N/A
N/A
63,3
18,5
23,4
28
15,7
11,3
N/A
EV/CE (x)
N/A
N/A
N/A
N/A
N/A
N/A
0,5
0,8
0,9
0,9
0,9
0,8
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
Capex/sales (%)
N/A
N/A
N/A
N/A
N/A
N/A
5,6
0,9
1,1
1,2
1,1
1,1
N/A
Capex/depreciation
N/A
N/A
N/A
N/A
N/A
N/A
3,2
0,9
0,8
1
1
1
N/A
Capex tangibles / tangible fixed assets
N/A
N/A
N/A
N/A
N/A
N/A
15,1
19,1
26,7
24,4
25,5
27,2
N/A
Capex intangibles / definite intangibles
N/A
N/A
N/A
N/A
N/A
N/A
1,6
0,1
0,3
0,2
0,3
0,4
N/A
Depreciation on intang / def. intang
N/A
N/A
N/A
N/A
N/A
N/A
0
0
0
0
0
0
N/A
Depreciation on tangibles / tangibles
N/A
N/A
N/A
N/A
N/A
N/A
8,49
21,55
36,36
25,84
27,11
28,26
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.