Financial data

Five year summary

SEK M	2018	2017	2016	2015	2014
Sales and earnings
Net sales	3,492.4	3,002.0	1,543.9	1,315.3	1,186.8
Gross profit	1,190.9	1,067.9	625.9	537.4	468.8
EBITDA	497.4	428.3	231.6	178.0	171.6
EBITA	449.3	382.8	196.2	145.9	130.4
Operating profit (EBIT)	417.6	351.1	184.0	134.7	120.9
Profit after financial items	373.1	315.6	168.2	134.5	112.7
Profit after tax	273.0	220.5	120.8	95.5	78.9
Financial position
Balance sheet total	3,923.8	3,663.6	3,463.3	1,258.8	1,208.7
Capital employed	3,245.7	3,064.0	2,994.1	1,062.5	1,029.4
Equity	2,226.5	2,004.9	1025.3	871.5	817.6
Equity per share	89.04	80.18	82.01	69.71	65.40
Equity/assets ratio, %	56.7	54.7	29.6	69.2	67.6
Interest-bearing net debt (incl. pension liability)	647.9	742.3	1,692.4	47.1	16.3
Interest-bearing net debt/EBITDA	1.30	1.73	7.26	0.25	0.10
Goodwill/Equity	0.51	0.56	1.09	0.39	0.30
Profitability
Gross margin, %	34.1	35.6	40.5	40.9	39.5
EBITDA margin, %	14.2	14.3	15.0	13.5	14.5
EBITA margin, %	12.9	12.8	12.7	11.1	11.0
Operating margin (EBIT), %	12.0	11.7	11.9	10.2	10.2
Profit margin before tax, %	10.7	10.5	10.9	10.2	9.5
Return on capital employed (ROCE), %	13.2	10.7	12.7	13.0	12.5
Return on equity (ROE), %	12.8	12.3	12.7	11.3	10.1
Earnings per share, SEK	10.92	9.62	9.66	7.64	6.31
Personnel
Number of employees at year-end	1,573	1,502	1,401	748	612
Average number of employees	1,561	1,446	764	636	559
Personnel costs	803.1	718.2	415.9	357.7	302.8
Salaries and social security contributions per employee, SEK '000	514.4	496.7	544.4	562.4	541.7
Other
Amortization of intangible assets	31.7	31.7	12.2	11.2	9.5
Depreciation of property, plant and equipment	48.1	45.5	35.4	32.1	28.0
Cash flow from operating activities	253.6	243.7	251.0	118.0	137.2
Cash flow for the year	47.5	44.4	118.4	–51.1	57.9
Cash flow per share, SEK	1.90	1.94	9.47	–4.09	4.63

*Proposed dividend per share.
** Dividend per share based on a doubling of the number of outstanding shares to 25,004,048 after the new share issue was implemented in February 2017.