The Group in summary

Income statement summary. SEK million 2024 2023 2022 2021 2020
Net sales 9528.7 9512.9 8843.6 6 718.6 6 098.8
Other operating income 95.3 130.7 123.9 111.5 146.2
Operating costs -8053.7 -7803.2 -7213.2 -5 596.9 -5 469.6
Result before amortizations. depreciations and write-downs 1570.3 1840.4 1754.3 1 233.2 775.4
Amortizations. depreciations and write-downs 307.9 -263.2 -249.2 -227.3 -229.5
Operating result 1262.3 1577.2 1505.1 1 005.9 545.9
Net financial items -128.9 -137.7 -55.0 -43.0 -64.9
Result before tax 1133.4 1439.4 1450.1 962.9 481.0
Tax expense -253.3 -320.4 -281.3 -202.9 -118.0
Result for the year 880.0 1119.0 1168.8 760.0 363.0
Balance sheets in brief 2024 2023 2022 2021 2020
Trademarks 642.0 604.4 588.9 531.4 494.3
Other fixed assets 3165.8 2688.4 2681.0 2 345.6 2 336.4
Inventory 5124.2 5346.8 5297.7 2 937.6 2 883.0
Accounts receivable 1596.7 1475.2 1664.1 1 359.6 1 059.3
Other current assets 251.9 251.9 292.5 158.5 118.5
Liquid assets 545.8 372.6 419.4 327.9 325.1
Total assets 11326.4 10739.3 10943.6 7 660.6 7 216.7
- - - - - -
Equity attributable to shareholders 7216.4 6459.3 5889.4 4 566.7 3845.0
Equity attributable to non-controlling interest 0.8 1.2 1.1 0.9 10.5
Provisions 201.5 207.9 190.4 164.9 165.7
Interest-bearing liabilities 2364.6 2401.5 2749.0 1 396.7 2 142.7
Non-interest-bearing liabilities 1543.3 1669.5 2113.7 1 531.5 1 052.7
Total equity and liabilities 11326.4 10739.3 10943.6 7 660.6 7 216.7
Cash flows 2024 2023 2022 2021 2020
Cash flow before changes in working capital and investments 1108.1 1362.8 1383.2 993.0 631.8
Changes in working capital 170.2 -399.0 -1743.2 214.4 574.8
Cash flow before investments 1278.3 963.8 -360.0 1 207.4 1 206.6
Net investments -296.8 -220.9 -522.2 -114.2 -57.5
Cash flow after investments 981.5 742.9 -882.2 1 093.2 1 149.1
Financial payments -830.1 -785.4 934.1 -1 110.9 -1 155.6
Cash flow for the year 151.4 -42.5 51.9 -17.7 -6.4
Financial highlights 2024 2023 2022 2021 2020
Net sales. SEK million 9528.7 9512.9 8843.6 6 718.6 6 098.8
Operating result. SEK million 1262.3 1577.2 1505.1 1 005.9 545.9
Result for the year. SEK million 880.0 1119.0 1168.8 760.0 363.0
Cash flow from operating activities. SEK million 1278.3 963.8 -360.0 1 207.4 1 206.6
Balance sheet total. SEK million 11326.4 10739.3 10943.6 7 660.6 7 216.7
- - - - - -
Net sales growth. % 0.2 7.6 31.6 10.2 -11.7
Gross profit margin. % 49.4 50.3 49.5 48.1 43.2
Operating margin. % 13.2 16.6 17.0 15.0 9.0
Equity ratio. % 63.7 60.2 53.8 59.6 53.4
Net debt to equity ratio. % 25.2 31.4 39.5 23.4 47.1
Net debt in relation to working capital. % 33.2 37.2 44.7 35.7 59.5
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Earnings per share. SEK* 6.63 8.43 8.81 5.73 2.755
Dividend per share. SEK* 3.5 3.5 3.25 2.00 0.00
- - - - - -
Number of employees 2 451 2 450 2312 2 060 2 064
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*Recalculated with regard to the 2:1 share split carried out i May 2023 - - - - -
Per share data 2024 2023 2022 2021 2020
Number of shares before and after dilution* 132 687 086 132 687 086 132 687 086 132 687 086 132 687 086
Earnings per share before and after dilution, SEK* 6.63 8.43 8.81 5.73 2.755
Equity per share before and after dilution, SEK* 54.39 48.68 44.385 34.415 28.98
Share price on 31 December, SEK* 97.15 101.88 103.2 83.9 27.25
P/E ratio 31 December 14.64 12.08 11.72 14.64 9.89
Dividend per share, SEK* 3.5 3.5 3.25 2.00 0.00
Dividend yield, % 3.60 3.44 2.06 2.38 -
Operating cash flow per share, SEK* 9.63 7.26 -2.7 9.1 9.01
- - - - - -
*Recalculated with regard to the 2:1 share split carried out i May 2023 - - - - -