Key performance measures

(SEK million) 2016 2015
Sales measurement    
Net sales 24,606 22,586
Growth, % 9% 4%
Organic growth, % 7% 3%
     
Performance measurement    
Operating profit (EBIT) 1,719 1,505
EBITA 2,058 1,837
Adjusted EBITA 2,131 1,878
EBITDA 2,215 1,99
Adjusted EBITDA 2,287 2,025
     
Margin measurement    
EBIT margin, % 7.0% 6.7%
EBITA margin, % 8.4% 8.1%
Adjusted EBITA margin, % 9.3% 8.3%
     
Measurement of cash flows    
Cash flows for the period –1,155 604
Operating cash flows 2 1,838
Operating cash flows/EBITDA 90% 92%
     
Capital structure    
Cash in hand 1,209 2,36
Net debt including shareholder loans 7,486 14,242
External net debt 7,486 7,854
External net debt/Adjusted EBITDA 3.3 3.9
Debt/equity ratio, times 0.9 20.0
Solidity, % 34% 3%
Working capital (average) 2,189 2,155
Working capital at end of period 2,042 1,799
Operating capital (average) 15,529 15,738
Operating capital, excluding intangible assets (average) 3,058 3,222
     
Return    
Return on operating capital, % 11% 10%
Return on operating capital (excluding intangible assets), % 67% 57%
Return on equity, % 15% 10%
Return on working capital % 94% 85%
     
Share    
Weighted average number of basic shares outstanding (thousands) 338,733 317,522
Weighted average number of diluted shares outstanding (thousands) 338,733 317,522
Number of ordinary shares at end of period (thousands) 436,302 280,606
Number of shares at end of period (thousands) 436,302 317,522
Basic earnings per share, SEK 1.11 0.21
Diluted earnings per share, SEK 1.11 0.21
     
Other information    
Number of employees at end of period 5,09 4,82
Average number of employees 4,791 4,632