Five-Year Summary
For definitions of the financial terms used, see Glossary, Financial Terminology and Exchange Rates.
| Five-year summary | |||||||
| SEK million | 2011 | Change | 2010 | 2009 | 2008 | 2007 | |
| Income statement items | |||||||
| Net sales | 226,921 | 12% | 203,348 | 206,477 | 208,930 | 187,780 | |
| Operating income | 17,900 | 9% | 16,455 | 5,918 | 16,252 | 30,646 | |
| Financial net | 221 | – | –672 | 325 | 974 | 83 | |
| Net income | 12,569 | 12% | 11,235 | 4,127 | 11,667 | 22,135 | |
| Year-end position | |||||||
| Total assets | 280,349 | –1% | 281,815 | 269,809 | 285,684 | 245,117 | |
| Working capital | 109,552 | 4% | 105,488 | 99,079 | 99,951 | 86,327 | |
| Capital employed | 186,307 | 2% | 182,640 | 181,680 | 182,439 | 168,456 | |
| Gross cash | 80,542 | –8% | 87,150 | 76,724 | 75,005 | 57,716 | |
| Net cash | 39,505 | –23% | 51,295 | 36,071 | 34,651 | 24,312 | |
| Property, plant and equipment | 10,788 | 14% | 9,434 | 9,606 | 9,995 | 9,304 | |
| Stockholders’ equity | 143,105 | –1% | 145,106 | 139,870 | 140,823 | 134,112 | |
| Non-controlling interest | 2,165 | 29% | 1,679 | 1,157 | 1,261 | 940 | |
| Interest-bearing liabilities and post-employment benefits | 41,037 | 14% | 35,855 | 40,653 | 40,354 | 33,404 | |
| Other information | |||||||
| Earnings per share, basic, SEK | 3.80 | 9% | 3.49 | 1.15 | 3.54 | 6.87 | |
| Earnings per share, diluted, SEK | 3.77 | 9% | 3.46 | 1.14 | 3.52 | 6.84 | |
| Earnings per share (non-IFRS), SEK | 4.72 | –2% | 4.80 | 2.87 | 4.24 | 7.53 | |
| Cash flow from operating activities per share, SEK | 3.11 | –63% | 8.31 | 7.67 | 7.54 | 6.04 | |
| Cash dividends per share, SEK | 2.50 | 1) | 11% | 2.25 | 2.00 | 1.85 | 2.50 |
| Stockholders’ equity per share, SEK | 44.57 | –2% | 45.34 | 43.79 | 44.21 | 42.17 | |
| Number of shares outstanding (in millions) | |||||||
| end of period, basic | 3,211 | – | 3,200 | 3,194 | 3,185 | 3,180 | |
| average, basic | 3,206 | – | 3,197 | 3,190 | 3,183 | 3,178 | |
| average, diluted | 3,233 | – | 3,226 | 3,212 | 3,202 | 3,193 | |
| Additions to property, plant and equipment | 4,994 | 35% | 3,686 | 4,006 | 4,133 | 4,319 | |
| Depreciation and write-downs/impairments of property, plant and equipment | 3,546 | 8% | 3,296 | 3,502 | 3,105 | 2,914 | |
| Acquisitions/capitalization of intangible assets | 2,748 | – | 7,246 | 11,413 | 1,287 | 29,838 | |
| Amortization and write-downs/impairments of intangible assets | 5,490 | –18% | 6,657 | 8,621 | 5,568 | 5,459 | |
| Research and development expenses | 32,638 | 3% | 31,558 | 33,055 | 33,584 | 28,842 | |
| as percentage of net sales | 14.4% | – | 15.5% | 16.0% | 16.1% | 15.4% | |
| Ratios | |||||||
| Operating margin excluding joint ventures | 9.6% | – | 8.7% | 6.5% | 8.0% | 12.5% | |
| Operating margin | 7.9% | – | 8.1% | 2.9% | 7.8% | 16.3% | |
| EBITA margin | 9.9% | – | 11.0% | 6.7% | 9.4% | 18.0% | |
| Cash conversion | 40% | – | 112% | 117% | 92% | 66% | |
| Return on equity | 8.5% | – | 7.8% | 2.6% | 8.2% | 17.2% | |
| Return on capital employed | 11.3% | – | 9.6% | 4.3% | 11.3% | 20.9% | |
| Equity ratio | 51.8% | – | 52.1% | 52.3% | 49.7% | 55.1% | |
| Capital turnover | 1.2 | – | 1.1 | 1.1 | 1.2 | 1.2 | |
| Inventory turnover days | 78 | – | 74 | 68 | 68 | 70 | |
| Trade receivables turnover | 3.6 | – | 3.2 | 2.9 | 3.1 | 3.4 | |
| Payment readiness, SEK million | 86,570 | –11% | 96,951 | 88,960 | 84,917 | 64,678 | |
| as percentage of net sales | 38.1% | – | 47.7% | 43.1% | 40.6% | 34.4% | |
| Statistical data, year-end | |||||||
| Number of employees | 104,525 | 16% | 90,261 | 82,493 | 78,740 | 74,011 | |
| of which in Sweden | 17,500 | –2% | 17,848 | 18,217 | 20,155 | 19,781 | |
| Export sales from Sweden, SEK million | 116,507 | 16% | 100,070 | 94,829 | 109,254 | 102,486 | |
| 1) For 2011, as proposed by the Board of Directors. | |||||||
