Financial Summary

  2017 2016
SEK millions unless otherwise stated Jan-Dec Jan-Dec
Sales measures    
Net sales 27 484 24 606
Growth, % 12% 9%
Organic growth, % 9% 7%
Performance measures    
Operating profit (EBIT) 2 043 1 719
EBITA 2 394 2 058
Adjusted EBITA 2 405 2 131
EBITDA 2 562 2 215
Adjusted EBITDA 2 573 2 287
Margin measures    
EBIT margin, % 7,4% 7,0%
EBITA margin, % 8,7% 8,4%
Adjusted EBITA margin, % 8,8% 8,7%
Cash flow measures    
Cash flow for the period 86 -1 155
Operating cash flow 1 991 2 000
Operating cash flow/EBITDA 78% 90%
Capital structure    
Cash 1 295 1 209
External net debt 6 742 7 486
External net debt/Adjusted EBITDA 2,6 3,3
Debt/equity ratio, times 0,7 0,9
Equity/assets ratio, % 36% 34%
Working capital (average) 2 429 2 189
Working capital at end of period 2 483 2 042
Operating capital (average) 15 890 15 529
Operating capital, excluding intangible assets (average) 3 277 3 058
Returns    
Return on operating capital, % 13% 11%
Return on operating capital (excluding intangible assets), % 73% 67%
Return on equity, % 17% 15%
Return on working capital % 99% 94%
Shares     
Number of shares outstanding at end of period (thousands) 436 302 436 302
Number of shares outstanding, net after repurchase (thousands)  429 302 436 302
Weighted average number of basic shares outstanding, net after repurchase (thousands) 435 415 308 409
Weighted average number of diluted shares outstanding, net after repurchase (thousands) 435 428 308 409
Basic earnings per share, SEK 3,28 1,11
Diluted earnings per share, SEK 3,28 1,11
Other    
Number of employees at end of period 5 471 5 090