Financial data

Demand for ventilation solutions continues to expand globally, driven by economic growth and clear international trends. With a strong market position and sales to more than 130 countries around the world, Systemair can benefit from this growing market.

Full year Quarters Year to date 12 months rolling

SEK million	2023/24	2022/23	2021/22	2020/21	2019/20	2018/19	2017/18	2016/17	2015/16	2014/15
Summary
Net sales	12,256.6	12,057.9	9,634.5	8,519.2	8,914.9	8,326.5	7,301.2	6,863.6	6,112.5	5,882.2
Growth, %	1.6	25.2	13.1	-4.4	7.1	14.0	6.4	12.3	3.9	11.1
Operating profit	963.0	1,401.4	769.8	676.7	625.7	528.1	349.6	439.0	344.1	376.8
Operating margin, %	7.9	11.6	8.0	7.9	7.0	6.3	4.8	6.4	5.6	6.4
Profit after financial items	864.4	1,294.9	741.7	564.0	543.7	458.0	333.2	410.2	307.3	380.4
Profit margin, %	7.1	10.7	7.7	6.6	6.1	5.5	4.6	6.0	5.0	6.5
Earnings per share, SEK	3.10	5.00	2.61	1.95	1.83	1.54	1.42	1.42	3.98	5.96
Earnings per share after full dilution, SEK	3.10	5.00	2.61	1.95	1.83	1.54	1.42	1.42	3.98	5.96
Income statements
Net sales	12,256.6	12,057.9	9,634.5	8,519.2	8,914.9	8,326.5	7,301.2	6,863.6	6,112.5	5,882.2
Cost of goods sold	-8,042.9	-7,948.5	-6,315.6	-5,559.5	-5,831.3	-5,597.7	-4,887.2	-4,502.4	-4,010.4	-3,857.6
Gross profit	4,213.7	4,109.4	3,318.9	2,959.7	3,083.6	2,728.8	2,414.0	2,361.2	2,102.1	2,024.6
Other operating income	268.9	704.8	233.5	196.1	168.3	169.6	116.9	119.6	80.3	92.7
Selling expenses	-2,616.7	-2,459.8	-2,077.5	-1,861.3	-1,987.5	-1,826.9	-1,652.7	-1,548.1	-1,399.8	-1,352.7
Administrative expenses	-598.2	-575.4	-437.6	-427.8	-424.4	-389.2	-360.7	-365.1	-337.1	-313.9
Other operating expenses	-375.9	-419.1	-267.5	-190.0	-214.3	-154.2	-167.9	-128.6	-101.4	-73.9
Net profit on monetary items	71.2	41.5
Operating profit	963.0	1,401.4	769.8	676.7	625.7	528.1	349.6	439.0	344.1	376.8
Net financial items	-98.6	-106.5	-28.1	-112.7	-82.0	-70.1	-16.4	-28.8	-36.8	3.6
Profit before tax	864.4	1,294.9	741.7	564.0	543.7	458.0	333.2	410.2	307.3	380.4
Tax	-210.6	-250.2	-197.4	-153.4	-158.4	-136.8	-103.1	-116.0	-100.1	-70.6
Profit for the period	653.8	1,044.7	544.3	410.6	385.3	321.2	230.1	294.2	207.2	309.8
Profit attributable to minority interests	8.2	5.1	0.4	4.4	3.8	-1.1	-0.4	0.0	0.0	0.0
Profit attributable to Parent Company's shareholders	645.6	1,039.6	543.9	406.2	381.5	322.3	230.5	294.2	207.2	309.8
Basic earning per share, SEK	3.1	5.0	2.6	1.9	1.8	1.6	1.1	1.4	4.0	6.0
Diluted earnings per share, SEK	3.1	5.0	2.6	1.9	1.8	1.6	1.1	1.4	4.0	6.0
Average number of shares during period, basic (thousand)	208,000	208,000	208,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000
Average number of shares during period, diluted (thousand)	208,110	208,063	208,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000
Balance sheets
Non-current assets
Goodwill	1,025.8	988.6	888.9	735.6	819.9	846.8	759.1	691.4	621.8	613.7
Other intangible assets	287.7	291.3	216.1	210.7	247.7	265.1	216.9	193.3	189.3	225.8
Tangible non-current assets	2,727.0	2,526.0	2,325.6	2,118.1	1,988.1	1,769.4	1,722.2	1,413.4	1,273.6	1,288.3
Financial non-current assets	240.6	179.9	193.6	237.5	254.9	267.6	240.4	200.6	180.5	180.0
Total non-current assets	4,281.1	3,985.8	3,624.2	3,301.9	3,310.6	3,148.9	2,938.6	2,498.7	2,265.2	2,307.8
Current Assets
Inventories	2,124.0	2,459.2	2,224.9	1,436.9	1,571.5	1,509.4	1,399.4	1,170.4	1,105.1	1,029.2
Current receivables	2,973.3	2,848.2	2,287.4	1,897.6	1,839.6	1,902.1	1,644.2	1,450.3	1,275.5	1,165.4
Cash & cash equivalents	414.3	339.9	335.9	319.1	378.2	250.4	212.8	241.8	176.9	187.8
Total current assets	5,511.6	5,647.3	4,848.2	3,653.6	3,789.3	3,661.9	3,256.4	2,862.5	2,557.5	2,382.4
Assets held for sale
Total assets	9,792.7	9,633.1	8,472.4	6,955.5	7,099.9	6,810.8	6,195.0	5,361.2	4,822.7	4,690.2
Equity and liabilities
Equity	5,653.8	5,272.5	3,853.5	3,330.1	3,084.7	2,839.2	2,620.3	2,381.3	2,108.2	2,082.2
Non-interst-bearing long-term liabilities	219.5	258.5	275.7	259.9	271.9	288.6	275.5	259.1	238.7	261.0
Interest-bearing long-term liabilities	727.3	671.6	1,230.8	1,051.5	1,119.8	1,070.0	690.7	319.3	196.7	245.4
Interest-bearing current liabilities	734.9	1,170.7	1,148.0	735.6	1,154.0	1,175.9	1,283.2	1,236.1	1,309.0	1,140.3
Non-interest-bearing current liabilities	2,457.2	2,259.8	1,964.4	1,578.4	1,469.5	1,437.1	1,325.3	1,165.4	949.8	961.3
Liabilities attritutable to available-for-sale assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total equity and liabilities	9,792.7	9,633.1	8,472.4	6,955.5	7,099.9	6,810.8	6,195.0	5,361.2	4,802.4	4,690.2
Cash flow statements in summary
Operating profit	963.0	1,401.4	769.8	676.7	625.7	528.1	349.6	439.0	344.1	376.8
Adjustments for non-cash items	331.2	113.4	354.5	391.5	349.9	193.1	220.4	158.4	143.8	199.5
Financial items	-91.9	-77.7	-27.6	-27.5	-38.3	-32.3	-23.9	-22.4	-18.9	-20.7
Income tax paid	-220.0	-214.5	-147.4	-182.7	-149.8	-152.9	-147.4	-128.7	-138.8	-121.5
Cash flow from operating activities before changes in working capital	982.3	1,222.6	949.3	858.0	787.5	536.0	398.7	446.3	330.2	434.1
Changes in working capital	350.9	-634.9	-714.1	135.9	56.8	-149.5	-174.4	18.2	-161.3	-192.8
Cash flow from operating activities	1,333.2	587.7	235.2	993.9	844.3	386.5	224.3	464.5	168.9	241.3
Cash flow from investing activities	-389.7	318.6	-515.9	-448.3	-235.4	-320.9	-481.9	-281.3	-212.1	-297.0
Cash flow from financing activities	-898.1	-959.5	274.9	-557.2	-461.1	161.8	218.8	-134.5	53.5	110.2
Cash flow for the period	45.4	-53.2	-5.8	-11.6	147.8	227.4	-38.8	48.7	10.3	54.5
Cash & cash equivalents at start of period	339.9	335.9	319.1	378.2	250.4	213.3	241.8	176.9	187.8	123.3
Translation differences in cash	29.0	57.2	22.6	-47.5	-20.0	4.2	9.8	16.2	-21.2	10.0
Cash & cash equivalents held for sale
Cash & cash equivalents at the end of period	414.3	339.9	335.9	319.1	378.2	444.9	212.8	241.8	176.9	187.8
Key ratios/Alternative performance measures
Number of employees
The number of employees at the end of the accounting period. New employees, appointments terminated, part-time employees and paid overtime are converted into full-time equivalents.
Number of employees	6,616	6,587	6,660	6,380	6,197	5,222	5,465	5,222
Return on equity
Profit after tax before non-controlling interest, for the trailing 12 months (TTM), divided by average equity excluding non-controlling interest.
Profit after tax before minority share, rolling 12 month	653.8	1,044.7	544.3	410.6	385.3	321.2	230.1	294.2
Average equity	5,541.0	4,620.9	3,598.2	3,166.3	3,065.1	2,710.7	2,479.9	2,333.0
Return on equity, %	11.8	22.6	15.1	13.0	12.6	11.9	9.3	12.6
Return on capital employed, %
Profit after financial income, for the trailing 12 months (TTM), divided by average capital employed.
Profit after financial income, rolling 12	1,028.7	1,479.0	835.6	673.7	639.8	557.4	390.4	464.7
Average capital employed	7,254.3	7,355.1	5,754.5	5,134.9	5,493.3	4,934.6	4,290.6	3,887.1
Return on capital employed, %	14.2	20.1	14.5	13.1	11.6	11.3	9.1	12.0
EBITDA
Operating profit before depreciation and amortization
Operating profit	963.0	1,401.4	769.8	676.7	625.7	528.1	349.6	439.0
Depreciation and amortization	422.1	568.3	408.4	399.8	405.4	233.3	219.6	186.7
EBITDA	1,385.1	1,969.7	1,178.2	1,076.5	1,031.1	761.4	569.2	625.7
Equity per share
Equity divided by the number of shares at the end of the period
Equity	5,645.5	5,265.6	3,815.1	3,305.0	3,064.8	2,839.2	2,620.3	2,381.3
Number of shares, thousand	208,000	208,000	208,000	52,000	52,000	52,000	52,000	52,000
Equity per share, SEK	27.1	25.3	18.3	63.6	58.9	54.6	50.4	45.8
Cash conversion
Operating profit before depreciation and amortization, rolling 12 months (TTM)	1,385.1	1,969.7	1,178.2	1,076.5	1,031.1	761.4	569.2	625.7
Non-cash provisions in working capital, rolling 12 months (TTM)	-12.6	30.0	8.1	1.2	2.6	-8.0	-17.5	-14.1
Change in working capital, rolling 12 months (TTM)	350.9	-634.9	-714.1	135.9	56.7	-149.5	-173.9	18.2
Investments in machinery and equipment, rolling 12 months (TTM)	-386.6	-325.7	-326.4	-432.9	-204.7	-226.3	-403.7	-182.7
Total	1,336.8	1,039.1	145.8	780.7	885.7	377.6	-25.9	447.1
Operating profit, rolling 12 months (TTM)	963.0	1,401.4	769.8	676.7	625.7	528.1	349.6	439.0
Cash conversion, %	138.8	74.1	18.9	115.4	141.6	71.5	-7.4	101.8
Net indebtedness
Interest-bearing liabilities + provision pensions reduced by cash and cash equivalents and short-term investments
Interest-bearing liabilities	1,462.2	1,842.3	2,378.9	1,787.1	2,273.7	2,245.8	1,978.5	1,583.9
Provisions for pensions	27.3	24.7	78.7	74.9	88.6	86.2	74.7	61.9
Cash and cash equivalents and short-term investments	419.3	343.7	339.3	321.7	381.6	251.4	215.5	245.0
Net indebtedness	1,070.2	1,523.3	2,118.4	1,540.3	1,980.7	2,080.6	1,837.7	1,400.8
Operating cash flow per share
Cash flow for the period from operating activities divided by the average number of shares during the period.
Cash flow for the period from operating activities	1,333.2	587.7	235.2	993.9	844.3	386.6	224.8	464.5
Number of shares, thousand	208,000	208,000	208,000	52,000	52,000	52,000	52,000	52,000
Operating cash flow per share, SEK	6.4	2.8	1.1	19.1	16.2	7.4	4.3	8.9
Organic growth
Change in sales by comparable units, adjusted for acquisitions and foreign currency effects.
Net sales for comparable units	12,554.5	11,168.8	9,599.8	9,101.0	8,428.3	7,853.1	7,107.6	6,580.4
Net sales previous year	12,057.9	9,634.5	8,519.2	8,914.9	8,326.5	7,301.2	6,863.6	6,112.5
Organic growth, %	4.1	15.9	12.7	2.1	1.2	7.6	3.6	7.7
Profit per share
Profit for the period attributable to the Parent Company's shareholders divided by the average number of shares during the period.
Profit attributable to the Parent Company's shareholders	645.6	1,039.6	543.9	406.2	381.5	322.3	230.5	294.2
Number of shares, thousand	208,000	208,000	208,000	52,000	52,000	52,000	52,000	52,000
Profit per share, SEK	3.1	5.0	2.6	7.8	7.3	6.2	4.4	5.7
Operating margin
Operating profit divided by net sales.
Operating profit	963.0	1,401.4	769.8	676.7	625.7	528.1	349.6	439.0
Net sales	12,256.6	12,057.9	9,634.5	8,519.2	8,914.9	8,326.5	7,301.2	6,863.6
Operating margin, %	7.9	11.6	8.0	7.9	7.0	6.3	4.8	6.4
Operating profit (EBIT)
Earnings before financial items and tax	963.0	1,401.4	769.8	676.7	625.7	528.1	349.6	439.0
Equity/assets ratio
Adjusted equity divided by total assets
Adjusted equity	5,653.8	5,265.6	3,853.5	3,330.1	3,084.7	2,839.2	2,620.3	2,381.3
Total assets	9,792.7	9,633.1	8,472.4	6,955.5	7,099.9	6,810.8	6,161.4	5,338.0
Equity/assets ratio, %	57.7	54.7	45.5	47.9	43.4	41.7	42.5	44.6
Capital employed
Total assets less non interest-bearing liabilities
Total assets	9,792.7	9,633.1	8,472.4	6,955.5	7,099.9	6,810.8	6,161.4	5,338.0
Non interest-bearing liabilities	2,661.7	2,472.3	2,197.5	1,795.6	1,710.4	1,682.6	1,524.9	1,372.8
Capital employed	7,131.0	7,160.8	6,274.9	5,159.9	5,389.5	5,128.2	4,636.5	3,965.2
Growth
Growth is defined as the change in net sales, relative to net sales for the preceding period
Net sales	12,256.6	12,057.9	9,634.5	8,519.2	8,914.9	8,326.5	7,301.2	6,863.8
Net sales previous year	12,057.9	9,634.5	8,519.2	8,914.9	8,326.5	7,301.2	6,863.6	6,112.5
Growth, %	1.6	25.2	13.1	-4.4	7.1	14.0	6.4	12.3
Profit margin
Profit after financial items divided by net sales
Profit after financial items	864.4	1,294.9	741.7	564.0	543.7	458.0	333.2	410.2
Net sales	12,256.6	12,057.9	9,634.5	8,519.2	8,914.9	8,326.5	7,301.2	6,863.8
Profit margin, %	7.1	10.7	7.7	6.6	6.1	5.5	4.6	6.0

SEK million	Q2 2024/25	Q1 2024/25	Q4 2023/24	Q3 2023/24	Q2 2023/24	Q1 2023/24	Q4 2022/23	Q3 2022/23	Q2 2022/23	Q1 2022/23	Q4 2021/22	Q3 2021/22	Q2 2021/22	Q1 2021/22	Q4 2020/21	Q3 2020/21	Q2 2020/21	Q1 2020/21	Q4 2019/20	Q3 2019/20	Q2 2019/20	Q1 2019/20	Q4 2018/19	Q3 2018/19	Q2 2018/19	Q1 2018/19	Q4 2017/18	Q3 2017/18	Q2 2017/18	Q1 2017/18	Q4 2016/17	Q3 2016/17	Q2 2016/17	Q1 2016/17	Q4 2015/16	Q3 2015/16	Q2 2015/16	Q1 2015/16	Q4 2014/15	Q3 2014/15	Q2 2014/15	Q1 2014/15
Summary
Net sales	3,145.6	3,111.3	3,068.8	2,826.7	3,186.1	3,174.9	3,128.8	3,043.5	3,036.7	2,848.9	2,661.6	2,278.1	2,404.2	2,290.5	2,208.5	2,003.9	2,206.7	2,100.0	2,031.0	2,146.7	2,483.1	2,254.0	2,143.8	2,018.5	2,151.4	2,012.7	1,827.1	1,773.3	1,863.7	1,837.2	1,733.2	1,715.4	1,769.2	1,645.9	1,508.7	1,416.3	1,624.4	1,563.1	1,502.4	1,431.6	1,554.5	1,393.8
Growth, %	-1.3	-2.0	-1.9	-7.1	4.9	11.4	17.6	33.6	26.3	24.4	20.5	13.7	9.0	9.1	8.7	-6.7	-11.1	-6.8	-5.3	6.4	15.4	12.0	17.3	13.8	15.4	9.6	5.4	3.4	5.3	11.6	14.9	21.1	8.9	5.3	0.4	-1.1	4.5	12.1	19.4	10.3	9.9	5.2
Operating profit	346.9	305.2	233.0	73.0	322.1	334.9	734.5	277.5	119.8	269.6	191.4	131.3	237.5	209.6	173.1	108.0	213.5	182.1	56.3	112.6	283.9	173.0	114.1	80.1	188.9	144.9	5.2	67.7	143.9	132.9	47.7	105.1	153.2	133.0	62.2	30.1	134.3	117.5	55.1	54.1	156.3	111.4
Operating margin, %	11.0	9.8	7.6	2.6	10.1	10.5	23.5	9.1	3.9	9.5	7.2	5.8	9.9	9.2	7.8	5.4	9.7	8.7	2.8	5.2	11.4	7.7	5.3	4.0	8.8	7.2	0.3	3.8	7.7	7.2	2.8	6.1	8.7	8.1	4.1	2.1	8.3	7.5	3.7	3.8	10.1	8.0
Profit after financial items	322.2	288.4	230.1	10.7	306.7	316.9	701.8	218.4	109.5	265.8	196.8	129.0	209.6	206.2	158.0	100.7	189.8	115.5	9.7	93.1	263.9	177.0	96.4	74.3	177.8	109.5	30.7	52.8	143.7	106.0	43.2	75.2	156.4	135.3	51.8	25.4	118.7	111.5	50.7	60.5	156.6	112.7
Profit margin, %	10.2	9.3	7.5	0.4	9.6	10.0	22.4	7.2	3.6	9.3	7.4	5.7	8.7	9.0	7.2	5.0	8.6	5.5	0.5	4.3	10.6	7.9	4.5	3.7	8.3	5.4	1.7	3.0	7.7	5.8	2.5	4.4	8.8	8.2	3.4	1.8	7.3	7.1	3.4	4.2	10.1	8.1
Earnings per share, SEK	1.14	1.01	0.88	-0.12	1.18	1.17	2.96	0.79	0.21	1.04	0.66	0.47	0.74	0.75	0.55	0.33	0.68	0.39	-0.01	0.30	0.93	0.61	0.38	0.21	0.61	0.35	0.06	0.20	0.49	0.36	0.14	0.25	0.56	0.48	0.13	0.06	0.41	0.39	0.56	0.84	2.24	2.31
Earnings per share after full dilution, SEK	1.14	1.01	0.88	-0.12	1.18	1.17	2.96	0.79	0.21	1.04	0.66	0.47	0.74	0.75	0.55	0.33	0.68	0.39	-0.01	0.30	0.93	0.61	0.38	0.21	0.61	0.35	0.06	0.20	0.49	0.36	0.14	0.25	0.56	0.48	0.13	0.06	0.41	0.39	0.56	0.84	2.24	2.31
Income statements
Net sales	3,145.6	3,111.3	3,068.8	2,826.7	3,186.1	3,174.9	3,128.8	3,043.5	3,036.7	2,848.9	2,661.6	2,278.1	2,404.2	2,290.5	2,208.5	2,003.9	2,206.7	2,100.0	2,031.0	2,146.7	2,483.1	2,254.0	2,143.8	2,018.5	2,151.4	2,012.7	1,827.1	1,773.3	1,863.7	1,837.2	1,733.2	1,715.4	1,769.2	1,645.9	1,508.7	1,416.3	1,624.4	1,563.1	1,502.4	1,431.6	1,554.5	1,393.8
Cost of goods sold	-1,971.7	-1,990.6	-1,990.4	-1,868.8	-2,107.6	-2,076.1	-2,057.5	-2,001.3	-2,026.7	-1,863.1	-1,753.8	-1,519.3	-1,548.5	-1,493.7	-1,421.1	-1,331.2	-1,413.8	-1,393.4	-1,329.1	-1,421.8	-1,593.4	-1,486.9	-1,440.9	-1,375.2	-1,419.8	-1,361.7	-1,236.8	-1,187.9	-1,232.3	-1,230.2	-1,147.0	-1,137.0	-1,145.8	-1,072.7	-994.9	-938.6	-1,050.1	-1,026.9	-998.8	-950.8	-985.8	-922.2
Gross profit	1,173.9	1,120.7	1,078.4	957.9	1,078.5	1,098.8	1,071.3	1,042.2	1,010.0	985.8	907.8	758.8	855.7	796.8	787.4	672.7	792.9	706.6	701.9	724.9	889.7	767.1	702.9	643.3	731.6	651.0	590.3	585.4	631.4	607.0	586.2	578.4	623.4	573.2	513.8	477.7	574.3	536.2	503.6	480.8	568.7	471.6
Other operating income	59.1	33.2	54.3	40.3	80.6	99.7	527.7	43.4	81.6	52.1	67.3	91.5	48.0	26.6	40.2	44.4	35.7	75.9	64.4	31.2	46.1	26.8	38.2	34.1	56.9	40.3	30.7	34.3	23.0	28.8	34.0	39.5	24.7	21.4	24.0	17.4	20.8	18.1	37.1	25.1	5.8	24.7
Selling expenses	-667.6	-659.7	-689.6	-640.7	-653.7	-632.7	-643.7	-632.3	-613.8	-570.0	-561.3	-528.0	-505.1	-483.1	-475.2	-465.7	-463.0	-457.4	-498.3	-503.9	-509.0	-476.4	-490.0	-458.6	-449.3	-429.1	-453.5	-420.7	-392.1	-386.4	-430.9	-401.8	-372.6	-342.9	-364.1	-352.6	-348.4	-334.7	-387.9	-335.9	-325.3	-303.6
Administrative expenses	-145.8	-154.9	-156.6	-142.9	-142.9	-155.8	-153.8	-153.2	-135.5	-132.9	-121.0	-111.9	-105.5	-99.2	-114.8	-104.6	-102.5	-105.9	-106.8	-111.9	-102.6	-103.2	-106.1	-104.5	-91.4	-87.2	-96.4	-98.6	-82.9	-82.7	-101.2	-95.0	-86.7	-82.3	-87.4	-87.4	-82.9	-79.4	-85.1	-85.0	-77.3	-66.5
Other operating expenses	-64.8	-38.6	-51.5	-172.4	-74.3	-77.6	-56.8	-40.6	-256.2	-65.4	-101.4	-79.1	-55.6	-31.5	-64.5	-38.8	-49.6	-37.1	-104.9	-27.7	-40.3	-41.3	-30.9	-34.2	-58.9	-30.1	-65.9	-32.7	-35.5	-33.8	-40.4	-16.0	-35.6	-36.4	-24.1	-25.0	-29.5	-22.7	-12.6	-30.9	-15.6	-14.8
Net profit on monetary items	-7.9	4.5	-2.0	30.8	33.9	2.5	-10.2	18.0	33.7
Operating profit	346.9	305.2	233.0	73.0	322.1	334.9	734.5	277.5	119.8	269.6	191.4	131.3	237.5	209.6	173.1	108.0	213.5	182.1	56.3	112.6	283.9	173.0	114.1	80.1	188.9	144.9	5.2	67.7	143.9	132.9	47.7	105.1	153.2	133.0	62.2	30.1	134.3	117.5	55.1	54.1	156.3	111.4
Net financial items	-24.7	-16.8	-2.9	-62.3	-15.4	-18.0	-32.7	-59.1	-10.3	-3.8	5.4	-2.3	-27.9	-3.4	-15.1	-7.3	-23.7	-66.6	-46.6	-19.5	-20.0	4.0	-17.7	-5.8	-11.1	-35.4	25.5	-14.9	-0.2	-26.9	-4.5	-29.9	3.2	2.3	-10.4	-4.7	-15.6	-6.0	-4.4	6.4	0.3	1.3
Profit before tax	322.2	288.4	230.1	10.7	306.7	316.9	701.8	218.4	109.5	265.8	196.8	129.0	209.6	206.2	158.0	100.7	189.8	115.5	9.7	93.1	263.9	177.0	96.4	74.3	177.8	109.5	30.7	52.8	143.7	106.0	43.2	75.2	156.4	135.3	51.8	25.4	118.7	111.5	50.7	60.5	156.6	112.7
Tax	-86.5	-78.3	-40.6	-34.8	-60.7	-74.6	-83.2	-48.2	-70.1	-48.7	-57.9	-34.2	-55.8	-49.4	-41.7	-29.8	-48.4	-33.5	-11.6	-28.6	-69.6	-48.5	-18.3	-29.5	-51.5	-37.5	-19.2	-11.2	-42.3	-30.4	-14.5	-24.4	-41.2	-35.8	-24.1	-12.4	-33.0	-30.8	-21.5	-16.8	-40.0	7.5
Profit for the period	235.7	210.1	189.5	-24.1	246.0	242.3	618.6	170.2	39.4	217.1	138.9	94.8	153.8	156.8	116.3	70.9	141.4	82.0	-1.9	64.5	194.3	128.5	78.1	44.8	126.3	72.0	11.5	41.6	101.4	75.6	28.7	50.8	115.2	99.5	27.7	13.0	85.7	80.7	29.2	43.7	116.6	120.2
Profit attributable to minority interests	-2.2	0.4	5.6	0.8	1.3	-1.6	1.9	6.1	-3.8	0.7	1.1	-2.9	0.4	1.7	1.0	2.3	0.8	0.3	-0.8	1.9	0.9	1.8	-1.4	0.5	0.4	-0.5	-0.4
Profit attributable to Parent Company's shareholders	237.9	209.7	183.9	-24.9	244.7	243.9	616.7	164.1	43.2	216.4	137.8	97.7	153.4	155.1	115.3	68.6	140.6	81.7	-1.1	62.6	193.4	126.7	79.5	44.3	125.9	72.5	11.9	41.6	101.4	75.6	28.7	50.8	115.2	99.5	27.7	13.0	85.7	80.7	29.2	43.7	116.6	120.2
Basic earning per share, SEK	1.1	1.0	0.9	-0.1	1.2	1.2	3.0	0.8	0.2	1.0	0.7	0.5	0.7	0.8	0.6	0.3	0.7	0.4	0.0	0.3	0.9	0.6	0.4	0.2	0.6	0.3	0.1	0.2	0.5	0.4	0.1	0.2	0.6	0.5	0.1	0.1	0.4	0.4	0.1	0.2	0.6	0.6
Diluted earnings per share, SEK	1.1	1.0	0.9	-0.1	1.2	1.2	3.0	0.8	0.2	1.0	0.7	0.5	0.7	0.8	0.6	0.3	0.7	0.4	0.0	0.3	0.9	0.6	0.4	0.2	0.6	0.3	0.1	0.2	0.5	0.4	0.1	0.2	0.6	0.5	0.1	0.1	0.4	0.4	0.1	0.2	0.6	0.6
Average number of shares during period, basic (thousand)	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000
Average number of shares during period, diluted (thousand)	208,131	208,140	208,115	208,105	208,065	208,149	208,154	208,096	208,000	208,000	208,000	208,000	208,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000
Balance sheets
Non-current assets
Goodwill	1,046.2	1,026.9	1,025.8	981.9	1,027.6	1,002.6	988.6	945.1	924.3	972.7	888.9	802.5	761.9	765.3	735.6	767.6	766.9	774.1	819.9	873.0	874.3	856.4	846.8	847.3	753.9	737.7	759.1	724.4	728.0	708.9	691.4	676.4	723.6	645.7	621.8	624.8	642.2	619.7	613.7	589.2	586.1	553.4
Other intangible assets	269.8	279.5	287.7	275.9	295.4	292.6	291.3	289.7	296.1	310.9	216.1	191.4	195.1	209.7	210.7	223.7	214.9	225.3	247.7	238.6	252.7	252.6	265.1	238.6	208.1	190.0	216.9	185.1	200.3	204.9	193.3	196.1	192.7	188.4	189.3	194.4	205.5	221.8	225.8	231.0	241.7	249.7
Tangible non-current assets	2,779.3	2,781.4	2,727.0	2,568.9	2,740.9	2,577.2	2,526.0	2,491.7	2,476.7	2,516.4	2,325.6	2,334.6	2,238.9	2,164.8	2,118.1	2,024.1	1,979.9	1,949.6	1,988.1	2,065.0	2,109.2	2,087.5	1,769.4	1,745.3	1,732.6	1,730.0	1,722.2	1,601.4	1,538.4	1,462.3	1,413.4	1,377.8	1,395.2	1,306.5	1,273.6	1,284.2	1,294.1	1,291.6	1,288.3	1,226.3	1,189.3	1,141.8
Financial non-current assets	255.5	251.0	240.6	256.7	209.4	188.1	179.9	213.7	211.2	206.8	193.6	234.5	223.3	221.2	237.5	264.3	263.7	257.9	254.9	244.5	228.0	257.9	267.6	253.1	257.2	253.7	240.4	222.1	201.9	201.9	200.6	202.1	199.8	174.7	180.5	182.1	175.2	179.1	180.0	169.7	162.4	166.9
Total non-current assets	4,350.8	4,338.8	4,281.1	4,083.4	4,273.3	4,060.5	3,985.8	3,940.2	3,908.3	4,006.8	3,624.2	3,563.0	3,419.2	3,361.0	3,301.9	3,279.7	3,225.4	3,206.9	3,310.6	3,421.1	3,464.2	3,454.4	3,148.9	3,084.3	2,951.8	2,911.4	2,938.6	2,733.0	2,668.6	2,578.0	2,498.7	2,452.4	2,511.3	2,315.3	2,265.2	2,285.5	2,317.0	2,312.2	2,307.8	2,216.2	2,179.5	2,111.8
Current Assets
Inventories	2,148.3	2,124.0	2,124.0	2,146.0	2,411.7	2,477.4	2,459.2	2,490.4	2,527.5	2,543.9	2,224.9	1,968.9	1,744.9	1,634.7	1,436.9	1,357.5	1,378.1	1,430.9	1,571.5	1,489.2	1,544.9	1,544.7	1,509.4	1,473.4	1,437.7	1,414.1	1,399.4	1,241.4	1,181.5	1,138.9	1,170.4	1,132.3	1,150.1	1,132.8	1,105.1	1,049.4	1,030.5	1,030.4	1,029.2	980.6	965.1	930.0
Current receivables	3,089.5	3,021.9	2,973.3	2,604.9	2,962.5	2,879.4	2,848.2	2,526.7	2,610.5	2,613.1	2,287.4	2,009.2	2,031.8	1,896.7	1,897.6	1,757.8	1,953.3	1,821.8	1,839.6	1,919.3	2,201.7	1,958.1	1,902.1	1,746.6	1,897.6	1,663.1	1,644.2	1,439.9	1,582.2	1,473.8	1,450.3	1,283.8	1,499.8	1,387.1	1,255.2	1,204.9	1,323.5	1,256.8	1,165.4	1,084.5	1,224.6	1,014.3
Cash & cash equivalents	461.1	425.7	414.3	416.6	428.7	429.1	339.9	334.4	332.2	311.3	335.9	327.7	359.3	348.0	319.1	324.0	344.1	307.9	378.2	328.0	321.0	301.4	250.4	256.2	431.9	234.3	212.8	194.9	208.3	270.0	241.8	212.9	229.3	236.6	176.9	198.6	242.3	214.6	187.8	158.8	188.7	179.0
Total current assets	5,698.9	5,571.6	5,511.6	5,167.5	5,802.9	5,785.9	5,647.3	5,351.5	5,470.2	5,468.3	4,848.2	4,305.8	4,136.0	3,879.4	3,653.6	3,439.3	3,675.5	3,560.6	3,789.3	3,736.5	4,067.6	3,804.2	3,661.9	3,476.2	3,767.2	3,311.5	3,256.4	2,876.2	2,972.0	2,882.7	2,862.5	2,629.0	2,879.2	2,756.5	2,537.2	2,452.9	2,596.3	2,501.8	2,382.4	2,223.9	2,378.4	2,123.3
Assets held for sale								865.4	832.9				7.0
Total assets	10,049.7	9,910.4	9,792.7	9,250.9	10,076.2	9,846.4	9,633.1	10,157.1	10,211.4	9,475.1	8,472.4	7,868.8	7,562.2	7,240.4	6,955.5	6,719.0	6,900.9	6,767.5	7,099.9	7,157.6	7,531.8	7,258.6	6,810.8	6,560.5	6,719.0	6,222.9	6,195.0	5,609.2	5,640.6	5,460.7	5,361.2	5,081.4	5,390.5	5,071.8	4,802.4	4,738.4	4,913.3	4,814.0	4,690.2	4,440.1	4,557.9	4,235.1
Equity and liabilities
Equity	5,866.2	5,839.7	5,653.8	5,346.2	5,605.2	5,592.5	5,272.5	4,724.9	4,467.8	4,167.4	3,853.5	3,717.7	3,458.8	3,501.1	3,330.1	3,205.5	3,193.7	3,024.1	3,084.7	3,151.4	3,092.6	2,986.7	2,839.2	2,709.6	2,664.9	2,629.0	2,620.3	2,461.9	2,434.2	2,403.2	2,381.3	2,312.1	2,358.2	2,280.4	2,108.2	2,066.3	2,101.1	2,163.7	2,082.2	2,061.5	2,010.4	2,047.3
Non-interst-bearing long-term liabilities	251.4	251.6	219.5	205.8	317.1	252.7	258.5	314.0	299.9	329.4	275.7	269.7	272.7	256.3	259.9	259.1	263.2	257.8	271.9	300.4	296.9	277.8	288.6	260.8	268.9	269.0	275.5	230.1	232.7	224.3	259.1	235.2	242.0	222.0	238.7	252.3	252.6	242.1	261.0	216.8	211.2	197.1
Interest-bearing long-term liabilities	732.3	710.0	727.3	715.2	765.7	702.6	671.6	1,446.6	1,640.9	1,532.7	1,230.8	1,073.4	1,046.0	1,053.4	1,051.5	1,044.0	1,063.3	1,062.9	1,119.8	1,179.7	1,257.1	1,148.5	1,070.0	1,090.3	847.1	764.5	690.7	389.2	368.2	379.4	319.3	372.1	416.3	268.3	196.7	229.5	251.9	280.6	245.4	270.2	262.2	315.8
Interest-bearing current liabilities	726.9	751.0	734.9	761.8	1,099.4	1,140.2	1,170.7	1,408.5	1,378.0	1,317.0	1,148.0	1,029.1	975.2	747.6	735.6	803.2	883.7	998.4	1,154.0	1,048.1	1,251.4	1,348.7	1,175.9	1,117.3	1,468.7	1,212.6	1,283.2	1,394.8	1,391.3	1,304.1	1,236.1	1,086.0	1,231.7	1,258.1	1,309.0	1,245.9	1,262.8	1,154.5	1,140.3	976.4	1,027.8	818.5
Non-interest-bearing current liabilities	2,472.9	2,358.1	2,457.2	2,221.9	2,288.8	2,158.4	2,259.8	2,042.6	2,197.3	2,128.6	1,964.4	1,778.9	1,802.5	1,682.0	1,578.4	1,407.2	1,497.0	1,424.3	1,469.5	1,478.0	1,633.8	1,496.9	1,437.1	1,382.5	1,469.4	1,347.8	1,325.3	1,133.2	1,214.2	1,149.7	1,165.4	1,076.0	1,142.3	1,043.0	949.8	944.4	1,044.8	973.1	961.3	915.2	1,046.3	856.4
Liabilities attritutable to available-for-sale assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	220.5	227.5				7.0
Total equity and liabilities	10,049.7	9,910.4	9,792.7	9,250.9	10,076.2	9,846.4	9,633.1	10,157.1	10,211.4	9,475.1	8,472.4	7,868.8	7,562.2	7,240.4	6,955.5	6,719.0	6,900.9	6,767.5	7,099.9	7,157.6	7,531.8	7,258.6	6,810.8	6,560.5	6,719.0	6,222.9	6,195.0	5,609.2	5,640.6	5,460.7	5,361.2	5,081.4	5,390.5	5,071.8	4,802.4	4,738.4	4,913.2	4,814.0	4,690.2	4,440.1	4,557.9	4,235.1
Cash flow statements in summary
Operating profit	346.9	305.2	233.0	73.0	322.1	334.9	734.5	277.5	119.8	269.6	191.4	131.3	237.5	209.6	173.1	108.0	213.5	182.1	56.3	112.6	283.8	173.0	114.1	80.1	189.0	144.9	5.1	67.7	143.9	132.9	47.7	105.1	153.2	133.0	62.3	30.1	134.2	117.5	55.0	54.1	156.3	111.4
Adjustments for non-cash items	160.1	147.7	37.6	77.6	90.5	125.4	-305.4	90.6	222.0	106.2	67.5	81.1	117.2	88.7	138.8	83.3	98.0	71.4	83.3	77.0	111.3	78.3	75.6	49.0	50.8	17.7	96.1	45.5	62.8	16.0	44.3	1.5	66.3	46.3	25.9	48.4	30.0	39.5	31.5	60.7	74.9	32.4
Financial items	-17.0	-17.1	-20.5	-18.8	-30.1	-22.5	-26.8	-21.3	-18.3	-11.3	-9.4	-6.5	-3.7	-8.0	-6.8	-6.4	-6.1	-8.2	-8.2	-9.4	-12.7	-8.0	-9.9	-8.4	-7.4	-6.6	-7.6	-6.7	-3.9	-5.7	-6.8	-4.3	-5.7	-5.6	-4.7	-4.5	-5.0	-4.7	-5.6	-5.0	-5.2	-4.9
Income tax paid	-70.0	-56.5	-32.6	-72.6	-65.5	-49.3	-38.4	-72.2	-48.4	-55.5	-1.5	-63.6	-41.8	-40.5	-32.7	-45.5	-56.7	-47.8	-37.2	-31.3	-36.3	-45.0	-37.8	-43.2	-36.1	-35.8	-48.0	-56.9	-10.8	-31.7	-34.4	-23.5	-47.2	-23.6	-39.2	-53.7	-23.8	-22.1	-55.8	-37.8	-25.9	-2.0
Cash flow from operating activities before changes in working capital	420.0	379.3	217.5	59.2	317.0	388.5	363.9	274.6	275.1	309.0	248.0	142.3	309.2	249.8	272.4	139.4	248.7	197.5	94.2	148.9	346.1	198.3	142.0	77.5	196.3	120.2	45.6	49.6	192.0	111.5	50.8	78.8	166.6	150.1	44.3	20.3	135.4	130.2	25.1	72.0	200.1	136.9
Changes in working capital	-15.6	-190.9	-26.6	343.7	115.7	-81.8	-193.3	4.1	-72.0	-373.8	-279.6	-115.6	-227.7	-91.2	-43.1	105.1	36.0	37.9	-54.0	163.9	-23.7	-29.4	-106.5	111.6	-109.5	-45.1	-60.8	16.9	-92.3	-37.7	-76.3	129.7	0.8	-36.0	-84.3	18.1	-13.6	-81.5	-38.0	5.4	-111.2	-49.0
Cash flow from operating activities	404.4	188.4	190.9	402.9	432.7	306.7	170.6	278.7	203.1	-64.8	-31.6	26.7	81.5	158.6	229.3	244.5	284.7	235.4	40.2	312.8	322.4	168.9	35.5	189.1	86.8	75.1	-15.2	66.5	99.7	73.8	-25.5	208.5	167.4	114.1	-40.0	38.4	121.8	48.7	-12.9	77.4	88.9	87.9
Cash flow from investing activities	-91.1	-119.6	-114.9	-23.0	-84.8	-167.0	852.4	-33.8	-92.6	-407.4	-247.7	-44.4	-115.9	-107.9	-124.6	-153.2	-77.5	-93.0	-35.5	-37.3	-107.2	-55.4	-52.4	-257.0	-104.4	-101.6	-89.7	-112.8	-118.0	-161.4	-35.1	-87.5	-132.5	-26.2	-40.2	-45.9	-82.2	-43.8	-123.1	-26.9	-61.1	-85.9
Cash flow from financing activities	-278.5	-44.8	-121.6	-343.3	-362.6	-70.5	-1,028.7	-246.2	-114.4	429.9	286.6	-43.8	56.7	-24.6	-113.5	-100.7	-161.8	-181.2	68.0	-265.8	-195.6	-67.7	0.1	-106.9	212.5	56.1	104.1	35.5	-50.2	129.4	81.3	-122.7	-55.5	-37.6	52.8	-24.6	-3.3	28.6	150.2	-73.6	-14.6	48.2
Cash flow for the period	34.8	24.0	-45.6	36.6	-14.7	69.2	-5.7	-1.3	-3.9	-42.3	7.3	-61.5	22.3	26.1	-8.8	-9.4	45.4	-38.8	72.7	9.7	19.6	45.8	-16.8	-174.8	194.9	29.6	-0.8	-10.8	-68.5	41.8	20.7	-1.7	-20.6	50.3	-27.4	-32.1	36.3	33.5	14.2	-23.1	13.2	50.2
Cash & cash equivalents at start of period	425.7	414.3	416.6	428.7	429.1	339.9	349.7	337.9	311.3	335.9	327.7	361.4	348.0	319.1	324.0	344.1	307.9	378.2	328.0	321.0	301.4	250.4	256.2	431.9	234.3	213.3	194.9	208.3	270.0	241.8	212.9	229.3	236.6	176.9	198.6	242.3	214.6	187.8	123.3	123.3	123.3	123.3
Translation differences in cash	0.6	-12.6	43.3	-48.7	14.3	20.0	-4.1	13.1	30.5	17.7	0.9	27.8	-8.9	2.8	3.9	-10.7	-9.2	-31.5	-22.5	-2.7	0.0	5.2	11.0	-0.9	2.7	-8.6	19.2	-2.6	6.8	-13.6	8.2	-14.7	13.3	9.4	5.7	-11.6	-8.6	-6.7	14.8	-6.8	-3.5	5.5
Cash & cash equivalents held for sale								-15.3	-5.7	0.0	0.0	0.0	-2.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cash & cash equivalents at the end of period	461.1	425.7	414.3	416.6	428.7	429.1	339.9	334.4	332.2	311.3	335.9	327.7	359.3	348.0	319.1	324.0	344.1	307.9	378.2	328.0	321.0	301.4	250.4	256.2	431.9	234.3	213.3	194.9	208.3	270.0	241.8	212.9	229.3	236.6	176.9	198.6	242.3	214.6	187.8	158.8	188.7	179.0
Key ratios/Alternative performance measures
Number of employees
The number of employees at the end of the accounting period. New employees, appointments terminated, part-time employees and paid overtime are converted into full-time equivalents.
Number of employees
Return on equity
Profit after tax before non-controlling interest, for the trailing 12 months (TTM), divided by average equity excluding non-controlling interest.
Profit after tax before minority share, rolling 12 month
Average equity
Return on equity, %	10.8	11.1	11.8	19.9	24.2	21.4	22.6	13.3	12.2	16.1	15.1	15.0	14.9	14.8	13.0	9.4	9.2	11.0	12.6	15.5	15.4	13.5	11.9	9.6	9.7	8.9	9.3	10.2	10.8	11.4	12.6	12.9	11.6	10.6	9.8	9.9	11.4	13.0	15.1	27.4	27.2	26.8
Return on capital employed, %
Profit after financial income, for the trailing 12 months (TTM), divided by average capital employed.
Profit after financial income, rolling 12
Average capital employed
Return on capital employed, %	13.7	13.3	14.2	20.7	23.4	20.9	20.1	13.3	12.2	14.7	14.5	14.9	14.2	14.3	13.1	10.2	10.1	11.2	11.6	12.6	12.6	11.1	11.3	8.8	8.8	8.2	9.1	9.3	10.4	10.8	12.0	11.9	10.5	10.1	10.2	9.3	10.5	12.4	12.5	19.8	18.9	18.1
EBITDA
Operating profit before depreciation and amortization
Operating profit	346.9	305.2	233.0	73.0	322.1	334.9	734.5	277.5	119.8	269.6	191.4	131.3	237.5	209.6	173.1	108.0	213.5	182.1	56.3	112.6	283.9	173.0	114.1	80.1	188.9	144.9	5.2	67.7	143.9	132.9	47.7	105.1	153.2	133.0	62.2	30.1	134.3	117.5	55.1	54.1	156.3	111.4
Depreciation and amortization	125.1	111.4	102.6	102.4	112.4	104.7	95.3	96.2	273.5	103.2	134.5	92.8	91.0	90.0	124.8	88.6	97.4	89.1	130.7	90.5	89.0	85.4	62.8	57.6	57.2	55.6	54.7	52.2	48.8	48.8	49.0	47.8	45.8	44.0	46.3	43.3	44.6	44.0	46.2	43.1	41.8	39.9
EBITDA	472.0	416.6	335.6	175.4	434.5	439.6	829.8	373.7	393.3	372.8	325.9	224.1	328.5	299.6	297.9	196.6	310.9	271.2	187.0	203.1	372.9	258.4	176.9	137.7	246.1	200.5	59.9	119.9	192.7	181.7	96.7	152.9	199.0	177.0	108.5	73.4	178.9	161.5	101.3	97.2	198.1	151.3
Equity per share
Equity divided by the number of shares at the end of the period
Equity
Number of shares, thousand	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000
Equity per share, SEK
Cash conversion
Operating profit before depreciation and amortization, rolling 12 months (TTM)
Non-cash provisions in working capital, rolling 12 months (TTM)
Change in working capital, rolling 12 months (TTM)
Investments in machinery and equipment, rolling 12 months (TTM)
Total
Operating profit, rolling 12 months (TTM)
Cash conversion, %
Net indebtedness
Interest-bearing liabilities + provision pensions reduced by cash and cash equivalents and short-term investments
Interest-bearing liabilities
Provisions for pensions
Cash and cash equivalents and short-term investments
Net indebtedness
Operating cash flow per share
Cash flow for the period from operating activities divided by the average number of shares during the period.
Cash flow for the period from operating activities
Number of shares, thousand
Operating cash flow per share, SEK
Organic growth
Change in sales by comparable units, adjusted for acquisitions and foreign currency effects.
Net sales for comparable units
Net sales previous year
Organic growth, %
Profit per share
Profit for the period attributable to the Parent Company's shareholders divided by the average number of shares during the period.
Profit attributable to the Parent Company's shareholders
Number of shares, thousand
Profit per share, SEK
Operating margin
Operating profit divided by net sales.
Operating profit
Net sales	3,145.6	3,111.3	3,068.8	2,826.7	3,186.1	3,174.9	3,128.8	3,043.5	3,036.7	2,848.9	2,661.6	2,278.1	2,404.2	2,290.5	2,208.5	2,003.9	2,206.7	2,100.0	2,031.0	2,146.7	2,483.1	2,254.0	2,143.8	2,018.5	2,151.4	2,012.7	1,827.1	1,773.3	1,863.7	1,837.2	1,733.2	1,715.4	1,769.2	1,645.9	1,508.7	1,416.3	1,624.4	1,563.1	1,502.4	1,431.6	1,554.5	1,393.8
Operating margin, %	11.0	9.8	7.6	2.6	10.1	10.5	23.5	9.1	3.9	9.5	7.2	5.8	9.9	9.2	7.8	5.4	9.7	8.7	2.8	5.2	11.4	7.7	5.3	4.0	8.8	7.2	0.3	3.8	7.7	7.2	2.8	6.1	8.7	8.1	4.1	2.1	8.3	7.5	3.7	3.8	10.1	8.0
Operating profit (EBIT)
Earnings before financial items and tax
Equity/assets ratio
Adjusted equity divided by total assets
Adjusted equity
Total assets
Equity/assets ratio, %	58.4	58.9	57.7	57.8	55.6	56.8	54.7	46.5	43.8	44.0	45.5	47.2	45.7	48.4	47.9	47.7	46.3	44.7	43.4	44.0	41.1	41.1	41.7	41.3	39.7	42.2	42.5	43.9	43.2	44.0	44.6	45.5	43.9	45.0	43.9	43.6	42.8	44.9	44.4	46.4	44.1	48.3
Capital employed
Total assets less non interest-bearing liabilities
Total assets
Non interest-bearing liabilities
Capital employed
Growth
Growth is defined as the change in net sales, relative to net sales for the preceding period
Net sales
Net sales previous year
Growth, %	-1.3	-2.0	-1.9	-7.1	4.9	11.4	17.6	33.6	26.3	24.4	20.5	13.7	8.9	9.1	8.7	-6.7	-11.1	-6.8	-5.3	6.4	15.4	12.0	17.3	13.8	15.4	9.6	5.4	3.4	5.3	11.6	14.9	21.1	8.9	5.3	0.4	-1.1	4.5	12.1	19.4	10.3	9.9	5.2
Profit margin
Profit after financial items divided by net sales
Profit after financial items	322.2	288.4	230.1	10.7	306.7	316.9	701.8	218.4	109.5	265.8	196.8	129.0	209.6	206.2	158.0	100.7	189.8	115.5	9.7	93.1	263.9	177.0	96.4	74.3	177.8	109.5	30.7	52.8	143.7	106.0	43.2	75.2	156.4	135.3	51.8	25.4	118.7	111.5	50.7	60.5	156.6	112.7
Net sales	3,145.6	3,111.3	3,068.8	2,826.7	3,186.1	3,174.9	3,128.8	3,043.5	3,036.7	2,848.9	2,661.6	2,278.1	2,404.2	2,290.5	2,208.5	2,003.9	2,206.7	2,100.0	2,031.0	2,146.7	2,483.1	2,254.0	2,143.8	2,018.5	2,151.4	2,012.7	1,827.1	1,773.3	1,863.7	1,837.2	1,733.2	1,715.4	1,769.2	1,645.9	1,508.7	1,416.3	1,624.4	1,563.1	1,502.4	1,431.6	1,554.5	1,393.8
Profit margin, %	10.2	9.3	7.5	0.4	9.6	10.0	22.4	7.2	3.6	9.3	7.4	5.7	8.7	9.0	7.2	5.0	8.6	5.5	0.5	4.3	10.6	7.9	4.5	3.7	8.3	5.4	1.7	3.0	7.7	5.8	2.5	4.4	8.8	8.2	3.4	1.8	7.3	7.1	3.4	4.2	10.1	8.1

SEK million	May-Oct 2024/25	May-Jul 2024/25	May-Apr 2023/24	May-Jan 2023/24	May-Oct 2023/24	May-Jul 2023/24	May-Apr 2022/23	May-Jan 2022/23	May-Oct 2022/23	May-Jul 2022/23	May-Apr 2021/22	May-Jan 2021/22	May-Oct 2021/22	May-Jul 2021/22	May-Apr 2020/21	May-Jan 2020/21	May-Oct 2020/21	May-Jul 2020/21	May-Apr 2019/20	May-Jan 2019/20	May-Oct 2019/20	May-Jul 2019/20	May-Apr 2018/19	May-Jan 2018/19	May-Oct 2018/19	May-Jul 2018/19	May-Apr 2017/18	May-Jan 2017/18	May-Oct 2017/18	May-Jul 2017/18	May-Apr 2016/17	May-Jan 2016/17	May-Oct 2016/17	May-Jul 2016/17	May-Apr 2015/16	May-Jan 2015/16	May-Oct 2015/16	May-Jul 2015/16	May-Apr 2014/15	May-Jan 2014/15	May-Oct 2014/15	May-Jul 2014/15
Summary
Net sales	6,256.9	3,111.3	12,256.6	9,187.8	6,361.0	3,174.9	12,057.9	8,929.1	5,885.6	2,848.9	9,634.4	6,972.8	4,694.7	2,290.5	8,519.1	6,310.6	4,306.7	2,100.0	8,914.8	6,883.8	4,737.1	2,254.0	8,326.4	6,182.6	4,164.1	2,012.7	7,301.3	5,474.2	3,700.9	1,837.2	6,863.7	5,130.5	3,415.1	1,645.9	6,112.5	4,603.8	3,187.5	1,563.1	5,882.3	4,379.9	2,948.3	1,393.8
Growth, %	-1.6	-2.0	1.6	2.9	8.1	11.4	25.2	28.1	25.4	24.4	13.1	10.5	9.0	9.1	-4.4	-8.3	-9.1	-6.8	7.1	11.3	13.8	12.0	14.0	12.9	12.5	9.6	6.4	6.7	8.4	11.6	12.3	11.4	7.1	5.3	3.9	5.1	8.1	12.1
Operating profit	652.1	305.2	963.0	730.0	657.0	334.9	1,401.4	666.9	389.4	269.6	769.8	578.4	447.1	209.6	676.7	503.6	395.6	182.1	625.8	569.5	456.9	173.0	528.0	413.9	333.8	144.9	349.7	344.5	276.8	132.9	439.0	391.3	286.2	133.0	344.1	281.9	251.8	117.5	376.9	321.8	267.7	111.4
Operating margin, %	10.4	9.8	7.9	7.9	10.3	10.5	11.6	7.5	6.6	9.5	8.0	8.3	9.5	9.2	7.9	8.0	9.2	8.7	7.0	8.3	9.6	7.7	6.3	6.7	8.0	7.2	4.8	6.3	7.5	7.2	6.4	7.6	8.4	8.1	5.6	6.1	7.9	7.5	6.4	7.3	9.1	8.0
Profit after financial items	610.6	288.4	864.4	634.3	623.6	316.9	1,294.9	593.1	375.3	265.8	741.6	544.8	415.8	206.2	564.0	406.0	305.3	115.5	543.7	534.0	440.9	177.0	458.0	361.6	287.3	109.5	333.2	302.5	249.7	106.0	410.1	366.9	291.7	135.3	307.4	255.6	230.2	111.5	380.5	329.8	269.3	112.7
Profit margin, %	9.8	9.3	7.1	6.9	9.8	10.0	10.7	6.6	6.4	9.3	7.7	7.8	8.9	9.0	6.6	6.4	7.1	5.5	6.1	7.8	9.3	7.9	5.5	5.8	6.9	5.4	4.6	5.5	6.7	5.8	6.0	7.2	8.5	8.2	5.0	5.6	7.2	7.1	6.5	7.5	9.1	8.1
Earnings per share, SEK	2.15	1.01	3.10	2.23	2.35	1.17	5.00	2.04	1.25	1.04	2.62	1.96	1.49	0.75	1.95	1.40	1.07	0.39	1.83	1.84	1.54	0.61	1.55	1.17	0.96	0.35	1.11	1.05	0.85	0.36	1.43	1.29	1.04	0.48	0.99	0.86	0.80	0.39	5.95	5.39	4.55	2.31
Earnings per share after full dilution, SEK	2.15	1.01	3.10	2.22	2.35	1.17	5.00	2.04	1.25	1.04	2.62	1.96	1.49	0.75	1.95	1.40	1.07	0.39	1.83	1.84	1.54	0.61	1.55	1.17	0.96	0.35	1.11	1.05	0.85	0.36	1.43	1.29	1.04	0.48	0.99	0.86	0.80	0.39	5.95	5.39	4.55	2.31
Income statements
Net sales	6,256.9	3,111.3	12,256.6	9,187.8	6,361.0	3,174.9	12,057.9	8,929.1	5,885.6	2,848.9	9,634.4	6,972.8	4,694.7	2,290.5	8,519.1	6,310.6	4,306.7	2,100.0	8,914.8	6,883.8	4,737.1	2,254.0	8,326.4	6,182.6	4,164.1	2,012.7	7,301.3	5,474.2	3,700.9	1,837.2	6,863.7	5,130.5	3,415.1	1,645.9	6,112.5	4,603.8	3,187.5	1,563.1	5,882.3	4,379.9	2,948.3	1,393.8
Cost of goods sold	-3,962.3	-1,990.6	-8,042.9	-6,052.5	-4,183.7	-2,076.1	-7,948.5	-5,891.0	-3,889.8	-1,863.1	-6,315.3	-4,561.5	-3,042.2	-1,493.7	-5,559.5	-4,138.4	-2,807.2	-1,393.4	-5,831.2	-4,502.1	-3,080.3	-1,486.9	-5,597.6	-4,156.7	-2,781.5	-1,361.7	-4,887.2	-3,650.4	-2,462.5	-1,230.2	-4,502.5	-3,355.5	-2,218.5	-1,072.7	-4,010.5	-3,015.6	-2,077.0	-1,026.9	-3,857.6	-2,858.8	-1,908.0	-922.2
Gross profit	2,294.6	1,120.7	4,213.7	3,135.3	2,177.3	1,098.8	4,109.4	3,038.1	1,995.8	985.8	3,319.1	2,411.3	1,652.5	796.8	2,959.6	2,172.2	1,499.5	706.6	3,083.6	2,381.7	1,656.8	767.1	2,728.8	2,025.9	1,382.6	651.0	2,414.1	1,823.8	1,238.4	607.0	2,361.2	1,775.0	1,196.6	573.2	2,102.0	1,588.2	1,110.5	536.2	2,024.7	1,521.1	1,040.3	471.6
Other operating income	97.0	33.2	268.9	214.5	174.3	99.7	704.8	177.1	133.7	52.1	233.4	166.1	74.6	26.6	196.2	156.0	111.6	75.9	168.5	104.1	72.9	26.8	169.5	131.3	97.2	40.3	116.8	86.1	51.8	28.8	119.6	85.6	46.1	21.4	80.3	56.3	38.9	18.1	92.7	55.6	30.5	24.7
Selling expenses	-1,327.4	-659.7	-2,616.7	-1,927.1	-1,286.4	-632.7	-2,459.8	-1,816.0	-1,183.8	-570.0	-2,077.5	-1,516.2	-988.2	-483.1	-1,861.3	-1,386.1	-920.4	-457.4	-1,987.6	-1,489.3	-985.4	-476.4	-1,827.0	-1,337.0	-878.4	-429.1	-1,652.7	-1,199.2	-778.5	-386.4	-1,548.2	-1,117.3	-715.5	-342.9	-1,399.8	-1,035.7	-683.1	-334.7	-1,352.7	-964.8	-628.9	-303.6
Administrative expenses	-300.7	-154.9	-598.2	-441.6	-298.7	-155.8	-575.4	-421.6	-268.4	-132.9	-437.6	-316.6	-204.7	-99.2	-427.8	-313.0	-208.4	-105.9	-424.5	-317.7	-205.8	-103.2	-389.2	-283.1	-178.6	-87.2	-360.6	-264.2	-165.6	-82.7	-365.2	-264.0	-169.0	-82.3	-337.1	-249.7	-162.3	-79.4	-313.9	-228.8	-143.8	-66.5
Other operating expenses	-108.0	-38.6	-375.9	-324.3	-151.9	-77.6	-419.1	-362.4	-321.6	-65.4	-267.6	-166.2	-87.1	-31.5	-190.0	-125.5	-86.7	-37.1	-214.2	-109.3	-81.6	-41.3	-154.1	-123.2	-89.0	-30.1	-167.9	-102.0	-69.3	-33.8	-128.4	-88.0	-72.0	-36.4	-101.3	-77.2	-52.2	-22.7	-73.9	-61.3	-30.4	-14.8
Net profit on monetary items	-3.4	4.5	71.2	73.2	42.4	2.5	41.5	51.7	33.7	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Operating profit	652.1	305.2	963.0	730.0	657.0	334.9	1,401.4	666.9	389.4	269.6	769.8	578.4	447.1	209.6	676.7	503.6	395.6	182.1	625.8	569.5	456.9	173.0	528.0	413.9	333.8	144.9	349.7	344.5	276.8	132.9	439.0	391.3	286.2	133.0	344.1	281.9	251.8	117.5	376.9	321.8	267.7	111.4
Net financial items	-41.5	-16.8	-98.6	-95.7	-33.4	-18.0	-106.5	-73.8	-14.1	-3.8	-28.2	-33.6	-31.3	-3.4	-112.7	-97.6	-90.3	-66.6	-82.1	-35.5	-16.0	4.0	-70.0	-52.3	-46.5	-35.4	-16.5	-42.0	-27.1	-26.9	-28.9	-24.4	5.5	2.3	-36.7	-26.3	-21.6	-6.0	3.6	8.0	1.6	1.3
Profit before tax	610.6	288.4	864.4	634.3	623.6	316.9	1,294.9	593.1	375.3	265.8	741.6	544.8	415.8	206.2	564.0	406.0	305.3	115.5	543.7	534.0	440.9	177.0	458.0	361.6	287.3	109.5	333.2	302.5	249.7	106.0	410.1	366.9	291.7	135.3	307.4	255.6	230.2	111.5	380.5	329.8	269.3	112.7
Tax	-164.9	-78.3	-210.6	-170.1	-135.3	-74.6	-250.2	-167.0	-118.8	-48.7	-197.3	-139.4	-105.2	-49.4	-153.4	-111.7	-81.9	-33.5	-158.3	-146.7	-118.1	-48.5	-136.8	-118.5	-89.0	-37.5	-103.1	-83.9	-72.7	-30.4	-115.9	-101.4	-77.0	-35.8	-100.3	-76.2	-63.8	-30.8	-70.8	-49.3	-32.5	7.5
Profit for the period	445.7	210.1	653.8	464.2	488.3	242.3	1,044.7	426.1	256.5	217.1	544.3	405.4	310.6	156.8	410.6	294.3	223.4	82.0	385.4	387.3	322.8	128.5	321.2	243.1	198.3	72.0	230.1	218.6	177.0	75.6	294.2	265.5	214.7	99.5	207.1	179.4	166.4	80.7	309.7	280.5	236.8	120.2
Profit attributable to minority interests	-1.8	0.4	8.2	1.4	-0.2	-1.6	5.1	3.0	-3.1	0.7	0.3	-0.8	2.1	1.7	4.4	3.4	1.1	0.3	3.8	4.6	2.7	1.8	-1.0	0.4	-0.1	-0.5	-0.4	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Profit attributable to Parent Company's shareholders	447.5	209.7	645.6	462.8	488.5	243.9	1,039.6	423.1	259.6	216.4	544.0	406.2	308.5	155.1	406.2	290.9	222.3	81.7	381.6	382.7	320.1	126.7	322.2	242.7	198.4	72.5	230.5	218.6	177.0	75.6	294.2	265.5	214.7	99.5	207.1	179.4	166.4	80.7	309.7	280.5	236.8	120.2
Basic earning per share, SEK	2.1	1.0	3.1	2.2	2.4	1.2	5.0	2.0	1.3	1.0	2.6	2.0	1.5	0.8	2.0	1.4	1.1	0.4	1.8	1.8	1.5	0.6	1.5	1.2	1.0	0.3	1.1	1.1	0.8	0.4	1.4	1.3	1.0	0.5	1.0	0.9	0.8	0.4	6.0	5.4	4.6	2.3
Diluted earnings per share, SEK	2.1	1.0	3.1	2.2	2.4	1.2	5.0	2.0	1.3	1.0	2.6	2.0	1.5	0.8	2.0	1.4	1.1	0.4	1.8	1.8	1.5	0.6	1.5	1.2	1.0	0.3	1.1	1.1	0.8	0.4	1.4	1.3	1.0	0.5	1.0	0.9	0.8	0.4	6.0	5.4	4.6	2.3
Average number of shares during period, basic (thousand)	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000
Average number of shares during period, diluted (thousand)	208,097	208,140	208,110	208,108	208,110	208,149	208,063	208,028	208,000	208,000	208,000	208,000	208,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000
Balance sheets
Non-current assets
Goodwill	1,046.2	1,026.9	1,025.8	981.9	1,027.6	1,002.6	988.6	945.1	924.3	972.7	888.9	802.5	761.9	765.3	735.6	767.6	766.9	774.1	819.9	873.0	874.3	856.4	846.8	847.3	753.9	737.7	759.1	724.4	728.0	708.9	691.4	676.4	723.6	645.7	621.8	624.8	642.2	619.7	613.7	589.2	586.1	553.4
Other intangible assets	269.8	279.5	287.7	275.9	295.4	292.6	291.3	289.7	296.1	310.9	216.1	191.4	195.1	209.7	210.7	223.7	214.9	225.3	247.7	238.6	252.7	252.6	265.1	238.6	208.1	190.0	216.9	185.1	200.3	204.9	193.3	196.1	192.7	188.4	189.3	194.4	205.5	221.8	225.8	231.0	241.7	249.7
Tangible non-current assets	2,779.3	2,781.4	2,727.0	2,568.9	2,740.9	2,577.2	2,526.0	2,491.7	2,476.7	2,516.4	2,325.6	2,334.6	2,238.9	2,164.8	2,118.1	2,024.1	1,979.9	1,949.6	1,988.1	2,065.0	2,109.2	2,087.5	1,769.4	1,745.3	1,732.6	1,730.0	1,722.2	1,601.4	1,538.4	1,462.3	1,413.4	1,377.8	1,395.2	1,306.5	1,273.6	1,284.2	1,294.1	1,291.6	1,288.3	1,226.3	1,189.3	1,141.8
Financial non-current assets	255.5	251.0	240.6	256.7	209.4	188.1	179.9	213.7	211.2	206.8	193.6	234.5	223.3	221.2	237.5	264.3	263.7	257.9	254.9	244.5	228.0	257.9	267.6	253.1	257.2	253.7	240.4	222.1	201.9	201.9	200.6	202.1	199.8	174.7	180.5	182.1	175.2	179.1	180.0	169.7	162.4	166.9
Total non-current assets	4,350.8	4,338.8	4,281.1	4,083.4	4,273.3	4,060.5	3,985.8	3,940.2	3,908.3	4,006.8	3,624.2	3,563.0	3,419.2	3,361.0	3,301.9	3,279.7	3,225.4	3,206.9	3,310.6	3,421.1	3,464.2	3,454.4	3,148.9	3,084.3	2,951.8	2,911.4	2,938.6	2,733.0	2,668.6	2,578.0	2,498.7	2,452.4	2,511.3	2,315.3	2,265.2	2,285.5	2,317.0	2,312.2	2,307.8	2,216.2	2,179.5	2,111.8
Current Assets
Inventories	2,148.3	2,124.0	2,124.0	2,146.0	2,411.7	2,477.4	2,459.2	2,490.4	2,527.5	2,543.9	2,224.9	1,968.9	1,744.9	1,634.7	1,436.9	1,357.5	1,378.1	1,430.9	1,571.5	1,489.2	1,544.9	1,544.7	1,509.4	1,473.4	1,437.7	1,414.1	1,399.4	1,241.4	1,181.5	1,138.9	1,170.4	1,132.3	1,150.1	1,132.8	1,105.1	1,049.4	1,030.5	1,030.4	1,029.2	980.6	965.1	930.0
Current receivables	3,089.5	3,021.9	2,973.3	2,604.9	2,962.5	2,879.4	2,848.2	2,526.7	2,610.5	2,613.1	2,287.4	2,009.2	2,031.8	1,896.7	1,897.6	1,757.8	1,953.3	1,821.8	1,839.6	1,919.3	2,201.7	1,958.1	1,902.1	1,746.6	1,897.6	1,663.1	1,644.2	1,439.9	1,582.2	1,473.8	1,450.3	1,283.8	1,499.8	1,387.1	1,255.2	1,204.9	1,323.5	1,256.8	1,165.4	1,084.5	1,224.6	1,014.3
Cash & cash equivalents	461.1	425.7	414.3	416.6	428.7	429.1	339.9	334.4	332.2	311.3	335.9	327.7	359.3	348.0	319.1	324.0	344.1	307.9	378.2	328.0	321.0	301.4	250.4	256.2	431.9	234.3	212.8	194.9	208.3	270.0	241.8	212.9	229.3	236.6	176.9	198.6	242.3	214.6	187.8	158.8	188.7	179.0
Total current assets	5,698.9	5,571.6	5,511.6	5,167.5	5,802.9	5,785.9	5,647.3	5,351.5	5,470.2	5,468.3	4,848.2	4,305.8	4,136.0	3,879.4	3,653.6	3,439.3	3,675.5	3,560.6	3,789.3	3,736.5	4,067.6	3,804.2	3,661.9	3,476.2	3,767.2	3,311.5	3,256.4	2,876.2	2,972.0	2,882.7	2,862.5	2,629.0	2,879.2	2,756.5	2,537.2	2,452.9	2,596.3	2,501.8	2,382.4	2,223.9	2,378.4	2,123.3
Assets held for sale								865.4	832.9	0.0	0.0	0.0	7.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total assets	10,049.7	9,910.4	9,792.7	9,250.9	10,076.2	9,846.4	9,633.1	10,157.1	10,211.4	9,475.1	8,472.4	7,868.8	7,562.2	7,240.4	6,955.5	6,719.0	6,900.9	6,767.5	7,099.9	7,157.6	7,531.8	7,258.6	6,810.8	6,560.5	6,719.0	6,222.9	6,195.0	5,609.2	5,640.6	5,460.7	5,361.2	5,081.4	5,390.5	5,071.8	4,802.4	4,738.4	4,913.3	4,814.0	4,690.2	4,440.1	4,557.9	4,235.1
Equity and liabilities
Equity	5,866.2	5,839.7	5,653.8	5,346.2	5,605.2	5,592.5	5,272.5	4,724.9	4,467.8	4,167.4	3,853.5	3,717.7	3,458.8	3,501.1	3,330.1	3,205.5	3,193.7	3,024.1	3,084.7	3,151.4	3,092.6	2,986.7	2,839.2	2,709.6	2,664.9	2,629.0	2,620.3	2,461.9	2,434.2	2,403.2	2,381.3	2,312.1	2,358.2	2,280.4	2,108.2	2,066.3	2,101.1	2,163.7	2,082.2	2,061.5	2,010.4	2,047.3
Non-interst-bearing long-term liabilities	251.4	251.6	219.5	205.8	317.1	252.7	258.5	314.0	299.9	329.4	275.7	269.7	272.7	256.3	259.9	259.1	263.2	257.8	271.9	300.4	296.9	277.8	288.6	260.8	268.9	269.0	275.5	230.1	232.7	224.3	259.1	235.2	242.0	222.0	238.7	252.3	252.6	242.1	261.0	216.8	211.2	197.1
Interest-bearing long-term liabilities	732.3	710.0	727.3	715.2	765.7	702.6	671.6	1,446.6	1,640.9	1,532.7	1,230.8	1,073.4	1,046.0	1,053.4	1,051.5	1,044.0	1,063.3	1,062.9	1,119.8	1,179.7	1,257.1	1,148.5	1,070.0	1,090.3	847.1	764.5	690.7	389.2	368.2	379.4	319.3	372.1	416.3	268.3	196.7	229.5	251.9	280.6	245.4	270.2	262.2	315.8
Interest-bearing current liabilities	726.9	751.0	734.9	761.8	1,099.4	1,140.2	1,170.7	1,408.5	1,378.0	1,317.0	1,148.0	1,029.1	975.2	747.6	735.6	803.2	883.7	998.4	1,154.0	1,048.1	1,251.4	1,348.7	1,175.9	1,117.3	1,468.7	1,212.6	1,283.2	1,394.8	1,391.3	1,304.1	1,236.1	1,086.0	1,231.7	1,258.1	1,309.0	1,245.9	1,262.8	1,154.5	1,140.3	976.4	1,027.8	818.5
Non-interest-bearing current liabilities	2,472.9	2,358.1	2,457.2	2,221.9	2,288.8	2,158.4	2,259.8	2,042.6	2,197.3	2,128.6	1,964.4	1,778.9	1,802.5	1,682.0	1,578.4	1,407.2	1,497.0	1,424.3	1,469.5	1,478.0	1,633.8	1,496.9	1,437.1	1,382.5	1,469.4	1,347.8	1,325.3	1,133.2	1,214.2	1,149.7	1,165.4	1,076.0	1,142.3	1,043.0	949.8	944.4	1,044.8	973.1	961.3	915.2	1,046.3	856.4
Liabilities attritutable to available-for-sale assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	220.5	227.5	0.0	0.0	0.0	7.0
Total equity and liabilities	10,049.7	9,910.4	9,792.7	9,250.9	10,076.2	9,846.4	9,633.1	10,157.1	10,211.4	9,475.1	8,472.4	7,868.8	7,562.2	7,240.4	6,955.5	6,719.0	6,900.9	6,767.5	7,099.9	7,157.6	7,531.8	7,258.6	6,810.8	6,560.5	6,719.0	6,222.9	6,195.0	5,609.2	5,640.6	5,460.7	5,361.2	5,081.4	5,390.5	5,071.8	4,802.4	4,738.4	4,913.2	4,814.0	4,690.2	4,440.1	4,557.9	4,235.1
Cash flow statements in summary
Operating profit	652.1	305.2	963.0	730.0	657.0	334.9	1,401.4	666.9	389.4	269.6	769.8	578.4	447.1	209.6	676.7	503.6	395.6	182.1	625.7	569.4	456.8	173.0	528.1	414.0	333.9	144.9	349.6	344.5	276.8	132.9	439.0	391.3	286.2	133.0	344.1	281.8	251.7	117.5	376.8	321.8	267.7	111.4
Adjustments for non-cash items	307.9	147.7	331.2	293.6	216.0	125.4	113.4	418.8	328.2	106.2	354.5	287.0	205.9	88.7	391.5	252.7	169.4	71.4	349.9	266.6	189.6	78.3	193.1	117.5	68.5	17.7	220.4	124.3	78.8	16.0	158.4	114.1	112.6	46.3	143.8	117.9	69.5	39.5	199.5	168.0	107.3	32.4
Financial items	-34.1	-17.1	-91.9	-71.4	-52.6	-22.5	-77.7	-50.9	-29.6	-11.3	-27.6	-18.2	-11.7	-8.0	-27.5	-20.7	-14.3	-8.2	-38.3	-30.1	-20.7	-8.0	-32.3	-22.4	-14.0	-6.6	-23.9	-16.3	-9.6	-5.7	-22.4	-15.6	-11.3	-5.6	-18.9	-14.2	-9.7	-4.7	-20.7	-15.1	-10.1	-4.9
Income tax paid	-126.6	-56.5	-220.0	-187.4	-114.8	-49.3	-214.5	-176.1	-103.9	-55.5	-147.4	-145.9	-82.3	-40.5	-182.7	-150.0	-104.5	-47.8	-149.8	-112.6	-81.3	-45.0	-152.9	-115.1	-71.9	-35.8	-147.4	-99.4	-42.5	-31.7	-128.7	-94.3	-70.8	-23.6	-138.8	-99.6	-45.9	-22.1	-121.5	-65.7	-27.9	-2.0
Cash flow from operating activities before changes in working capital	799.3	379.3	982.3	764.8	705.6	388.5	1,222.6	858.7	584.1	309.0	949.3	701.3	559.0	249.8	858.0	585.6	446.2	197.5	787.5	693.3	544.4	198.3	536.0	394.0	316.5	120.2	398.7	353.1	303.5	111.5	446.3	395.5	316.7	150.1	330.2	285.9	265.6	130.2	434.1	409.0	337.0	136.9
Changes in working capital	-206.5	-190.9	350.9	377.5	33.8	-81.8	-634.9	-441.7	-445.8	-373.8	-714.1	-434.5	-318.9	-91.2	135.9	179.0	73.9	37.9	56.8	110.8	-53.1	-29.4	-149.5	-43.0	-154.6	-45.1	-173.9	-113.1	-130.0	-37.7	18.2	94.5	-35.2	-36.0	-161.3	-77.0	-95.1	-81.5	-192.8	-154.8	-160.2	-49.0
Cash flow from operating activities	592.8	188.4	1,333.2	1,142.3	739.4	306.7	587.7	417.0	138.3	-64.8	235.2	266.8	240.1	158.6	993.9	764.6	520.1	235.4	844.3	804.1	491.3	168.9	386.5	351.0	161.9	75.1	224.8	240.0	173.5	73.8	464.5	490.0	281.5	114.1	168.9	208.9	170.5	48.7	241.3	254.2	176.8	87.9
Cash flow from investing activities	-210.8	-119.6	-389.7	-274.8	-251.7	-167.0	318.6	-533.8	-500.0	-407.4	-515.9	-268.2	-223.8	-107.9	-448.3	-323.7	-170.5	-93.0	-235.4	-199.9	-162.6	-55.4	-515.4	-463.0	-206.0	-101.6	-481.9	-392.2	-279.4	-161.4	-281.3	-246.2	-158.7	-26.2	-212.1	-171.9	-126.0	-43.8	-297.0	-173.9	-147.0	-85.9
Cash flow from financing activities	-323.2	-44.8	-898.1	-776.4	-433.2	-70.5	-959.5	69.3	315.5	429.9	274.9	-11.7	32.1	-24.6	-557.2	-443.7	-343.0	-181.2	-461.1	-529.1	-263.3	-67.7	161.8	161.7	268.6	56.1	218.8	114.7	79.2	129.4	-134.5	-215.8	-93.1	-37.6	53.5	0.7	25.3	28.6	110.2	-40.0	33.6	48.2
Cash flow for the period	58.8	24.0	45.4	91.1	54.5	69.2	-53.2	-47.5	-46.2	-42.3	-5.8	-13.1	48.4	26.1	-11.6	-2.8	6.6	-38.8	147.8	75.1	65.4	45.8	32.9	49.7	224.5	29.6	-38.3	-37.5	-26.7	41.8	48.7	28.0	29.7	50.3	10.3	37.7	69.8	33.5	54.5	40.3	63.4	50.2
Cash & cash equivalents at start of period	414.3	414.3	339.9	339.9	339.9	339.9	335.9	335.9	335.9	335.9	319.1	319.1	319.1	319.1	378.2	378.2	378.2	378.2	250.4	250.4	250.4	250.4	213.3	213.3	213.3	213.3	241.8	241.8	241.8	241.8	176.9	176.9	176.9	176.9	187.8	187.8	187.8	187.8	123.3	123.3	123.3	123.3
Translation differences in cash	-12.0	-12.6	29.0	-14.4	34.3	20.0	57.2	61.3	48.2	17.7	22.6	21.7	-6.1	2.8	-47.5	-51.4	-40.7	-31.5	-20.0	2.5	5.2	5.2	4.2	-6.8	-5.9	-8.6	9.8	-9.4	-6.8	-13.6	16.2	8.0	22.7	9.4	-21.2	-26.9	-15.3	-6.7	10.0	-4.8	2.0	5.5
Cash & cash equivalents held for sale								-15.3	-5.7				-2.1
Cash & cash equivalents at the end of period	461.1	425.7	414.3	416.6	428.7	429.1	339.9	334.4	332.2	311.3	335.9	327.7	359.3	348.0	319.1	324.0	344.1	307.9	378.2	328.0	321.0	301.4	250.4	256.2	431.9	234.3	213.3	194.9	208.3	270.0	241.8	212.9	229.3	236.6	176.9	198.6	242.3	214.6	187.8	158.8	188.7	179.0
Key ratios/Alternative performance measures
Number of employees
The number of employees at the end of the accounting period. New employees, appointments terminated, part-time employees and paid overtime are converted into full-time equivalents.
Number of employees	6,660	6,631	6,616	6,518	6,588	6,616	6,587
Return on equity
Profit after tax before non-controlling interest, for the trailing 12 months (TTM), divided by average equity excluding non-controlling interest.
Profit after tax before minority share, rolling 12 month							1,044.7
Average equity							4,620.9
Return on equity, %	10.7	11.1	11.8	19.9	24.2	21.4	22.6	13.3	12.2	16.1	15.1	15.0	14.9	14.8	13.0	9.4	9.2	11.0	12.6	15.5	15.4	13.5	11.9	9.6	9.7	8.9	9.3	10.2	10.8	11.4	12.6	12.9	11.6	10.6	9.8	9.9	11.4	13.0	15.1	27.4	27.2	26.8
Return on capital employed, %
Profit after financial income, for the trailing 12 months (TTM), divided by average capital employed.
Profit after financial income, rolling 12							1,479.0
Average capital employed							7,355.1
Return on capital employed, %	13.7	13.3	14.2	20.7	23.4	20.9	20.1	13.3	12.2	14.7	14.5	14.9	14.2	14.3	13.1	10.2	10.1	11.2	11.6	12.6	12.6	11.1	11.3	8.8	8.8	8.2	9.1	9.3	10.4	10.8	12.0	11.9	10.5	10.1	10.2	9.3	10.5	12.4	12.5	19.8	18.9	18.1
EBITDA
Operating profit before depreciation and amortization
Operating profit	652.1	305.2	963.0	730.0	657.0	334.9	1,401.4	666.9	389.4	269.6	769.8	578.4	447.1	209.6	676.7	503.6	395.6	182.1	625.8	569.5	456.9	173.0	528.0	413.9	333.8	144.9	349.7	344.5	276.8	132.9	439.0	391.3	286.2	133.0	344.1	281.9	251.8	117.5	376.9	321.8	267.7	111.4
Depreciation and amortization	236.5	111.4	422.1	319.5	217.1	104.7	568.3	472.9	376.7	103.2	408.3	273.8	181.0	90.0	399.9	275.1	186.5	89.1	395.6	264.9	174.4	85.4	233.2	170.4	112.8	55.6	204.5	149.8	97.6	48.8	186.6	137.6	89.8	44.0	178.2	131.9	88.6	44.0	171.0	124.8	81.7	39.9
EBITDA	888.6	416.6	1,385.1	1,049.5	874.1	439.6	1,969.7
Equity per share
Equity divided by the number of shares at the end of the period
Equity							5,265.6
Number of shares, thousand	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000
Equity per share, SEK							25.3
Cash conversion
Operating profit before depreciation and amortization, rolling 12 months (TTM)
Non-cash provisions in working capital, rolling 12 months (TTM)
Change in working capital, rolling 12 months (TTM)
Investments in machinery and equipment, rolling 12 months (TTM)
Total
Operating profit, rolling 12 months (TTM)
Cash conversion, %
Net indebtedness
Interest-bearing liabilities + provision pensions reduced by cash and cash equivalents and short-term investments
Interest-bearing liabilities							1,842.3
Provisions for pensions							24.7
Cash and cash equivalents and short-term investments							343.7
Net indebtedness							1,523.3
Operating cash flow per share
Cash flow for the period from operating activities divided by the average number of shares during the period.
Cash flow for the period from operating activities							587.7
Number of shares, thousand							208,000
Operating cash flow per share, SEK							2.8
Organic growth
Change in sales by comparable units, adjusted for acquisitions and foreign currency effects.
Net sales for comparable units							11,168.8
Net sales previous year							9,634.5
Organic growth, %							15.9
Profit per share
Profit for the period attributable to the Parent Company's shareholders divided by the average number of shares during the period.
Profit attributable to the Parent Company's shareholders							1,039.6
Number of shares, thousand							208,000
Profit per share, SEK							5.0
Operating margin
Operating profit divided by net sales.
Operating profit							0.0
Net sales	6,256.9	3,111.3	12,256.6	9,187.8	6,361.0	3,174.9	12,057.9	8,929.1	5,885.6	2,848.9	9,634.4	6,972.8	4,694.7	2,290.5	8,519.1	6,310.6	4,306.7	2,100.0	8,914.8	6,883.8	4,737.1	2,254.0	8,326.4	6,182.6	4,164.1	2,012.7	7,301.3	5,474.2	3,700.9	1,837.2	6,863.7	5,130.5	3,415.1	1,645.9	6,112.5	4,603.8	3,187.5	1,563.1	5,882.3	4,379.9	2,948.3	1,393.8
Operating margin, %	10.4	9.8	7.9	7.9	10.3	10.5	0.0	7.5	6.6	9.5	8.0	8.3	9.5	9.2	7.9	8.0	9.2	8.7	7.0	8.3	9.6	7.7	6.3	6.7	8.0	7.2	4.8	6.3	7.5	7.2	6.4	7.6	8.4	8.1	5.6	6.1	7.9	7.5	6.4	7.3	9.1	8.0
Operating profit (EBIT)
Earnings before financial items and tax							0.0
Equity/assets ratio
Adjusted equity divided by total assets
Adjusted equity							5,265.6
Total assets							9,633.1
Equity/assets ratio, %	58.4	58.9	57.7	57.8	55.6	56.8	54.7	46.5	43.8	44.0	45.5	47.2	45.7	48.4	47.9	47.7	46.3	44.7	43.4	44.0	41.1	41.1	41.7	41.3	39.7	42.2	42.5	43.9	43.2	44.0	44.6	45.5	43.9	45.0	43.9	43.6	42.8	44.9	44.4	46.4	44.1	48.3
Capital employed
Total assets less non interest-bearing liabilities
Total assets							9,633.1
Non interest-bearing liabilities							2,472.3
Capital employed							7,160.8
Growth
Growth is defined as the change in net sales, relative to net sales for the preceding period
Net sales							12,057.9
Net sales previous year							9,634.5
Growth, %	-1.6	-2.0	1.6	2.9	8.1	11.4	25.2	28.1	25.4	24.4	13.1	10.5	9.0	9.1	-4.4	-8.3	-9.1	-6.8	7.1	11.3	13.8	12.0	14.0	12.9	12.5	9.6	6.4	6.7	8.4	11.6	12.3	11.4	7.1	5.3	3.9	5.1	8.1	12.1	0.0	0.0	0.0	0.0
Profit margin
Profit after financial items divided by net sales
Profit after financial items	610.6	288.4	864.4	634.3	623.6	316.9	1,294.9	593.1	375.3	265.8	741.6	544.8	415.8	206.2	564.0	406.0	305.3	115.5	543.7	534.0	440.9	177.0	458.0	361.6	287.3	109.5	333.2	302.5	249.7	106.0	410.1	366.9	291.7	135.3	307.4	255.6	230.2	111.5	380.5	329.8	269.3	112.7
Net sales	6,256.9	3,111.3	12,256.6	9,187.8	6,361.0	3,174.9	12,057.9	8,929.1	5,885.6	2,848.9	9,634.4	6,972.8	4,694.7	2,290.5	8,519.1	6,310.6	4,306.7	2,100.0	8,914.8	6,883.8	4,737.1	2,254.0	8,326.4	6,182.6	4,164.1	2,012.7	7,301.3	5,474.2	3,700.9	1,837.2	6,863.7	5,130.5	3,415.1	1,645.9	6,112.5	4,603.8	3,187.5	1,563.1	5,882.3	4,379.9	2,948.3	1,393.8
Profit margin, %	9.8	9.3	7.1	6.9	9.8	10.0	10.7	6.6	6.4	9.3	7.7	7.8	8.9	9.0	6.6	6.4	7.1	5.5	6.1	7.8	9.3	7.9	5.5	5.8	6.9	5.4	4.6	5.5	6.7	5.8	6.0	7.2	8.5	8.2	5.0	5.6	7.2	7.1	6.5	7.5	9.1	8.1

SEK million	Until Oct 2025	Until Jul 2025	Until Apr 2024	Until Jan 2024	Until Oct 2024	Until Jul 2024	Until Apr 2023	Until Jan 2023	Until Oct 2023	Until Jul 2023	Until Apr 2022	Until Jan 2022	Until Oct 2022	Until Jul 2022	Until Apr 2021	Until Jan 2021	Until Oct 2021	Until Jul 2021	Until Apr 2020	Until Jan 2020	Until Oct 2020	Until Jul 2020	Until Apr 2019	Until Jan 2019	Until Oct 2019	Until Jul 2019	Until Apr 2018	Until Jan 2018	Until Oct 2018	Until Jul 2018	Until Apr 2017	Until Jan 2017	Until Oct 2017	Until Jul 2017	Until Apr 2016	Until Jan 2016	Until Oct 2016	Until Jul 2016	Until Apr 2015	Until Jan 2015	Until Oct 2015	Until Jul 2015
Summary
Net sales	12,152.5	12,193.0	12,256.6	12,316.6	12,533.3	12,383.9	12,057.9	11,590.8	10,825.3	10,192.8	9,634.4	9,181.3	8,907.1	8,709.6	8,519.1	8,341.6	8,484.4	8,760.8	8,914.8	9,027.6	8,899.4	8,567.7	8,326.4	8,009.7	7,764.5	7,476.8	7,301.3	7,207.4	7,149.5	7,055.0	6,863.7	6,639.2	6,340.1	6,195.3	6,112.5	6,106.2	6,121.5	6,051.6	5,882.3	1,431.6	1,554.5	1,393.8
Growth, %	-3.0	-1.5	1.6	6.3	15.8	21.5	25.2	26.2	21.5	17.0	13.1	10.1	5.0	-0.6	-4.4	-7.6	-4.7	2.3	7.1	12.7	14.6	14.6	14.0	11.1	8.6	6.0	6.4	8.6	12.8	13.9	12.3	8.7	3.6	2.4	3.9
Operating profit	958.1	933.3	963.0	1,464.5	1,669.0	1,466.7	1,401.4	858.3	712.1	829.8	769.8	751.5	728.2	704.2	676.7	559.9	564.5	634.9	625.8	683.6	651.1	556.1	528.0	419.1	406.7	361.7	349.7	392.2	429.6	438.9	439.0	453.5	378.5	359.6	344.1	337.0	361.0	383.0	376.9	54.1	156.3	111.4
Operating margin, %	7.9	7.7	7.9	11.9	13.3	11.8	11.6	7.4	6.6	8.1	8.0	8.2	8.2	8.1	7.9	6.7	6.7	7.2	7.0	7.6	7.3	6.5	6.3	5.2	5.2	4.8	4.8	5.4	6.0	6.2	6.4	6.8	6.0	5.8	5.6	5.5	5.9	6.3	6.4	3.8	10.1	8.0
Profit after financial items	851.4	835.9	864.4	1,336.1	1,543.2	1,346.0	1,294.9	789.9	701.1	801.2	741.6	702.8	674.5	654.7	564.0	415.7	408.1	482.2	543.7	630.4	611.6	525.5	458.0	392.3	370.8	336.7	333.2	345.7	368.1	380.8	410.1	418.7	368.9	331.2	307.4	306.3	341.4	379.3	380.5	54.1	156.3	111.4
Profit margin, %	7.0	6.9	7.1	10.8	12.3	10.9	10.7	6.8	6.5	7.9	7.7	7.7	7.6	7.5	6.6	5.0	4.8	5.5	6.1	7.0	6.9	6.1	5.5	4.9	4.8	4.5	4.6	4.8	5.1	5.4	6.0	6.3	5.8	5.3	5.0	5.0	5.6	6.3	6.5	3.8	10.1	8.0
Earnings per share, SEK	2.91	2.94	3.10	5.19	6.10	5.13	5.00	2.70	2.38	2.91	2.62	2.51	2.37	2.31	1.95	1.39	1.36	1.61	1.83	2.22	2.13	1.81	1.55	1.23	1.22	1.10	1.11	1.19	1.24	1.31	1.43	1.42	1.23	1.08	0.99	1.42	2.20	4.03	5.95	0.84	2.24	2.31
Earnings per share after full dilution, SEK	2.91	2.94	3.10	5.19	6.10	5.13	5.00	2.70	2.38	2.91	2.62	2.51	2.37	2.31	1.95	1.39	1.36	1.61	1.83	2.22	2.13	1.81	1.55	1.23	1.22	1.10	1.11	1.19	1.24	1.31	1.43	1.42	1.23	1.08	0.99	1.42	2.20	4.03	5.95	0.84	2.24	2.31
Income statements
Net sales	12,152.5	12,193.0	12,256.6	12,316.6	12,533.3	12,383.9	12,057.9	11,590.8	10,825.3	10,192.8	9,634.4	9,181.3	8,907.1	8,709.6	8,519.1	8,341.6	8,484.4	8,760.8	8,914.8	9,027.6	8,899.4	8,567.7	8,326.4	8,009.7	7,764.5	7,476.8	7,301.3	7,207.4	7,149.5	7,055.0	6,863.7	6,639.2	6,340.1	6,195.3	6,112.5	6,106.2	6,121.5	6,051.6	5,882.3	1,431.6	1,554.5	1,393.8
Cost of goods sold	-7,821.5	-7,957.4	-8,042.9	-8,110.0	-8,242.4	-8,161.5	-7,948.5	-7,645.0	-7,162.9	-6,684.7	-6,315.3	-5,982.6	-5,794.5	-5,659.8	-5,559.5	-5,467.5	-5,558.1	-5,737.7	-5,831.2	-5,943.0	-5,896.4	-5,722.8	-5,597.6	-5,393.5	-5,206.2	-5,018.7	-4,887.2	-4,797.4	-4,746.5	-4,660.0	-4,502.5	-4,350.4	-4,152.0	-4,056.3	-4,010.5	-4,014.4	-4,026.6	-3,962.3	-3,857.6	-950.8	-985.8	-922.2
Gross profit	4,331.0	4,235.6	4,213.7	4,206.6	4,290.9	4,222.4	4,109.4	3,945.8	3,662.4	3,508.1	3,319.1	3,198.7	3,112.6	3,049.8	2,959.6	2,874.1	2,926.3	3,023.1	3,083.6	3,084.6	3,003.0	2,844.9	2,728.8	2,616.2	2,558.3	2,458.1	2,414.1	2,410.0	2,403.0	2,395.0	2,361.2	2,288.8	2,188.1	2,139.0	2,102.0	2,091.8	2,094.9	2,089.3	2,024.7	480.8	568.7	471.6
Other operating income	191.6	202.3	268.9	742.2	751.4	752.4	704.8	244.5	292.5	258.9	233.4	206.3	159.2	146.9	196.2	220.4	207.2	217.6	168.5	142.3	145.2	156.0	169.5	162.0	162.2	128.3	116.8	120.1	125.3	127.0	119.6	109.6	87.5	83.6	80.3	93.4	101.1	86.1	92.7	25.1	5.8	24.7
Selling expenses	-2,657.7	-2,643.8	-2,616.7	-2,570.9	-2,562.4	-2,522.5	-2,459.8	-2,377.4	-2,273.1	-2,164.4	-2,077.5	-1,991.4	-1,929.1	-1,887.0	-1,861.3	-1,884.4	-1,922.6	-1,968.6	-1,987.6	-1,979.3	-1,934.0	-1,874.3	-1,827.0	-1,790.5	-1,752.6	-1,695.4	-1,652.7	-1,630.1	-1,611.2	-1,591.7	-1,548.2	-1,481.4	-1,432.2	-1,408.0	-1,399.8	-1,423.6	-1,406.9	-1,383.8	-1,352.7	-335.9	-325.3	-303.6
Administrative expenses	-600.2	-597.3	-598.2	-595.4	-605.7	-598.3	-575.4	-542.6	-501.3	-471.3	-437.6	-431.4	-424.1	-421.1	-427.8	-419.8	-427.1	-427.2	-424.5	-423.8	-416.4	-405.2	-389.2	-379.5	-373.6	-365.1	-360.6	-365.4	-361.8	-365.6	-365.2	-351.4	-343.8	-340.0	-337.1	-334.8	-332.4	-326.8	-313.9	-85.0	-77.3	-66.5
Other operating expenses	-332.0	-336.7	-375.9	-381.0	-249.4	-431.3	-419.1	-463.7	-502.1	-301.5	-267.6	-230.7	-190.4	-184.4	-190.0	-230.4	-219.3	-210.0	-214.2	-140.2	-146.7	-165.3	-154.1	-189.1	-187.6	-164.2	-167.9	-142.4	-125.7	-125.8	-128.4	-112.1	-121.1	-115.0	-101.3	-89.8	-95.7	-81.8	-73.9	-30.9	-15.6	-14.8
Net profit on monetary items	25.4	73.2	71.2	63.0	44.2	44.0	41.5	51.7	33.7	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Operating profit	958.1	933.3	963.0	1,464.5	1,669.0	1,466.7	1,401.4	858.3	712.1	829.8	769.8	751.5	728.2	704.2	676.7	559.9	564.5	634.9	625.8	683.6	651.1	556.1	528.0	419.1	406.7	361.7	349.7	392.2	429.6	438.9	439.0	453.5	378.5	359.6	344.1	337.0	361.0	383.0	376.9	54.1	156.3	111.4
Net financial items	-106.7	-97.4	-98.6	-128.4	-125.8	-120.7	-106.5	-68.4	-11.0	-28.6	-28.2	-48.7	-53.7	-49.5	-112.7	-144.2	-156.4	-152.7	-82.1	-53.2	-39.5	-30.6	-70.0	-26.8	-35.9	-25.0	-16.5	-46.5	-61.5	-58.1	-28.9	-34.8	-9.6	-28.4	-36.7	-30.7	-19.6	-3.7	3.6	6.4	0.3	1.3
Profit before tax	851.4	835.9	864.4	1,336.1	1,543.2	1,346.0	1,294.9	789.9	701.1	801.2	741.6	702.8	674.5	654.7	564.0	415.7	408.1	482.2	543.7	630.4	611.6	525.5	458.0	392.3	370.8	336.7	333.2	345.7	368.1	380.8	410.1	418.7	368.9	331.2	307.4	306.3	341.4	379.3	380.5	60.5	156.6	112.7
Tax	-240.2	-214.3	-210.6	-253.3	-266.7	-276.1	-250.2	-223.6	-210.9	-196.6	-197.3	-181.1	-176.7	-169.3	-153.4	-123.3	-122.1	-143.3	-158.3	-165.0	-165.9	-147.8	-136.8	-137.7	-119.4	-110.2	-103.1	-98.4	-111.6	-110.5	-115.9	-125.5	-113.5	-105.3	-100.3	-97.7	-102.1	-109.1	-70.8	-16.8	-40.0	7.5
Profit for the period	611.2	621.6	653.8	1,082.8	1,276.5	1,069.9	1,044.7	566.3	490.2	604.6	544.3	521.7	497.8	485.4	410.6	292.4	286.0	338.9	385.4	465.4	445.7	377.7	321.2	254.6	251.4	226.5	230.1	247.3	256.5	270.3	294.2	293.2	255.4	225.9	207.1	208.6	239.3	270.2	309.7	43.7	116.6	120.2
Profit attributable to minority interests	6.6	10.2	8.2	3.5	8.0	2.8	5.1	4.2	-4.9	-0.7	0.3	0.2	5.4	5.8	4.4	2.6	2.2	2.3	3.8	3.2	1.8	1.3	-1.0	0.0	-0.5	-0.9	-0.4	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Profit attributable to Parent Company's shareholders	604.6	611.4	645.6	1,079.3	1,268.5	1,067.1	1,039.6	562.1	495.1	605.3	544.0	521.5	492.4	479.6	406.2	289.8	283.8	336.6	381.6	462.2	443.9	376.4	322.2	254.6	251.9	227.4	230.5	247.3	256.5	270.3	294.2	293.2	255.4	225.9	207.1	208.6	239.3	270.2	309.7
Basic earning per share, SEK	2.9	2.9	3.1	5.2	6.1	5.1	5.0	3.3	2.4	2.9	2.6	2.5	2.4	2.3	2.0	1.4	1.4	1.6	1.8	2.2	2.1	1.8	1.5	1.2	1.2	1.1	1.1	1.2	1.2	1.3	1.4	1.4	1.2	1.1	1.0	1.0	1.2	1.3	1.5	0.2	0.6	0.6
Diluted earnings per share, SEK	2.9	2.9	3.1	5.2	6.1	5.1	5.0	3.3	2.4	2.9	2.6	2.5	2.4	2.3	2.0	1.4	1.4	1.6	1.8	2.2	2.1	1.8	1.5	1.2	1.2	1.1	1.1	1.2	1.2	1.3	1.4	1.4	1.2	1.1	1.0	1.0	1.2	1.3	1.5	0.2	0.6	0.6
Average number of shares during period, basic (thousand)	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000
Average number of shares during period, diluted (thousand)	208,050	208,107	208,110	208,121	208,118	208,102	208,063	208,028	208,000	208,000	208,000	208,000	208,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000
Balance sheets
Non-current assets
Goodwill	1,046.2	1,026.9	1,025.8	981.9	1,027.6	1,002.6	988.6	945.1	924.3	972.7	888.9	802.5	761.9	765.3	735.6	767.6	766.9	774.1	819.9	873.0	874.3	856.4	846.8	847.3	753.9	737.7	759.1	724.4	728.0	708.9	691.4	676.4	723.6	645.7	621.8	624.8	642.2	619.7	613.7	589.2	586.1	553.4
Other intangible assets	269.8	279.5	287.7	275.9	295.4	292.6	291.3	289.7	296.1	310.9	216.1	191.4	195.1	209.7	210.7	223.7	214.9	225.3	247.7	238.6	252.7	252.6	265.1	238.6	208.1	190.0	216.9	185.1	200.3	204.9	193.3	196.1	192.7	188.4	189.3	194.4	205.5	221.8	225.8	231.0	241.7	249.7
Tangible non-current assets	2,779.3	2,781.4	2,727.0	2,568.9	2,740.9	2,577.2	2,526.0	2,491.7	2,476.7	2,516.4	2,325.6	2,334.6	2,238.9	2,164.8	2,118.1	2,024.1	1,979.9	1,949.6	1,988.1	2,065.0	2,109.2	2,087.5	1,769.4	1,745.3	1,732.6	1,730.0	1,722.2	1,601.4	1,538.4	1,462.3	1,413.4	1,377.8	1,395.2	1,306.5	1,273.6	1,284.2	1,294.1	1,291.6	1,288.3	1,226.3	1,189.3	1,141.8
Financial non-current assets	255.5	251.0	240.6	256.7	209.4	188.1	179.9	213.7	211.2	206.8	193.6	234.5	223.3	221.2	237.5	264.3	263.7	257.9	254.9	244.5	228.0	257.9	267.6	253.1	257.2	253.7	240.4	222.1	201.9	201.9	200.6	202.1	199.8	174.7	180.5	182.1	175.2	179.1	180.0	169.7	162.4	166.9
Total non-current assets	4,350.8	4,338.8	4,281.1	4,083.4	4,273.3	4,060.5	3,985.8	3,940.2	3,908.3	4,006.8	3,624.2	3,563.0	3,419.2	3,361.0	3,301.9	3,279.7	3,225.4	3,206.9	3,310.6	3,421.1	3,464.2	3,454.4	3,148.9	3,084.3	2,951.8	2,911.4	2,938.6	2,733.0	2,668.6	2,578.0	2,498.7	2,452.4	2,511.3	2,315.3	2,265.2	2,285.5	2,317.0	2,312.2	2,307.8	2,216.2	2,179.5	2,111.8
Current Assets
Inventories	2,148.3	2,124.0	2,124.0	2,146.0	2,411.7	2,477.4	2,459.2	2,490.4	2,527.5	2,543.9	2,224.9	1,968.9	1,744.9	1,634.7	1,436.9	1,357.5	1,378.1	1,430.9	1,571.5	1,489.2	1,544.9	1,544.7	1,509.4	1,473.4	1,437.7	1,414.1	1,399.4	1,241.4	1,181.5	1,138.9	1,170.4	1,132.3	1,150.1	1,132.8	1,105.1	1,049.4	1,030.5	1,030.4	1,029.2	980.6	965.1	930.0
Current receivables	3,089.5	3,021.9	2,973.3	2,604.9	2,962.5	2,879.4	2,848.2	2,526.7	2,610.5	2,613.1	2,287.4	2,009.2	2,031.8	1,896.7	1,897.6	1,757.8	1,953.3	1,821.8	1,839.6	1,919.3	2,201.7	1,958.1	1,902.1	1,746.6	1,897.6	1,663.1	1,644.2	1,439.9	1,582.2	1,473.8	1,450.3	1,283.8	1,499.8	1,387.1	1,255.2	1,204.9	1,323.5	1,256.8	1,165.4	1,084.5	1,224.6	1,014.3
Cash & cash equivalents	461.1	425.7	414.3	416.6	428.7	429.1	339.9	334.4	332.2	311.3	335.9	327.7	359.3	348.0	319.1	324.0	344.1	307.9	378.2	328.0	321.0	301.4	250.4	256.2	431.9	234.3	212.8	194.9	208.3	270.0	241.8	212.9	229.3	236.6	176.9	198.6	242.3	214.6	187.8	158.8	188.7	179.0
Total current assets	5,698.9	5,571.6	5,511.6	5,167.5	5,802.9	5,785.9	5,647.3	5,351.5	5,470.2	5,468.3	4,848.2	4,305.8	4,136.0	3,879.4	3,653.6	3,439.3	3,675.5	3,560.6	3,789.3	3,736.5	4,067.6	3,804.2	3,661.9	3,476.2	3,767.2	3,311.5	3,256.4	2,876.2	2,972.0	2,882.7	2,862.5	2,629.0	2,879.2	2,756.5	2,537.2	2,452.9	2,596.3	2,501.8	2,382.4	2,223.9	2,378.4	2,123.3
Assets held for sale								865.4	832.9	0.0	0.0	0.0	7.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total assets	10,049.7	9,910.4	9,792.7	9,250.9	10,076.2	9,846.4	9,633.1	10,157.1	10,211.4	9,475.1	8,472.4	7,868.8	7,562.2	7,240.4	6,955.5	6,719.0	6,900.9	6,767.5	7,099.9	7,157.6	7,531.8	7,258.6	6,810.8	6,560.5	6,719.0	6,222.9	6,195.0	5,609.2	5,640.6	5,460.7	5,361.2	5,081.4	5,390.5	5,071.8	4,802.4	4,738.4	4,913.3	4,814.0	4,690.2	4,440.1	4,557.9	4,235.1
Equity and liabilities
Equity	5,866.2	5,839.7	5,653.8	5,346.2	5,605.2	5,592.5	5,272.5	4,724.9	4,467.8	4,167.4	3,853.5	3,717.7	3,458.8	3,501.1	3,330.1	3,205.5	3,193.7	3,024.1	3,084.7	3,151.4	3,092.6	2,986.7	2,839.2	2,709.6	2,664.9	2,629.0	2,620.3	2,461.9	2,434.2	2,403.2	2,381.3	2,312.1	2,358.2	2,280.4	2,108.2	2,066.3	2,101.1	2,163.7	2,082.2	2,061.5	2,010.4	2,047.3
Non-interst-bearing long-term liabilities	251.4	251.6	219.5	205.8	317.1	252.7	258.5	314.0	299.9	329.4	275.7	269.7	272.7	256.3	259.9	259.1	263.2	257.8	271.9	300.4	296.9	277.8	288.6	260.8	268.9	269.0	275.5	230.1	232.7	224.3	259.1	235.2	242.0	222.0	238.7	252.3	252.6	242.1	261.0	216.8	211.2	197.1
Interest-bearing long-term liabilities	732.3	710.0	727.3	715.2	765.7	702.6	671.6	1,446.6	1,640.9	1,532.7	1,230.8	1,073.4	1,046.0	1,053.4	1,051.5	1,044.0	1,063.3	1,062.9	1,119.8	1,179.7	1,257.1	1,148.5	1,070.0	1,090.3	847.1	764.5	690.7	389.2	368.2	379.4	319.3	372.1	416.3	268.3	196.7	229.5	251.9	280.6	245.4	270.2	262.2	315.8
Interest-bearing current liabilities	726.9	751.0	734.9	761.8	1,099.4	1,140.2	1,170.7	1,408.5	1,378.0	1,317.0	1,148.0	1,029.1	975.2	747.6	735.6	803.2	883.7	998.4	1,154.0	1,048.1	1,251.4	1,348.7	1,175.9	1,117.3	1,468.7	1,212.6	1,283.2	1,394.8	1,391.3	1,304.1	1,236.1	1,086.0	1,231.7	1,258.1	1,309.0	1,245.9	1,262.8	1,154.5	1,140.3	976.4	1,027.8	818.5
Non-interest-bearing current liabilities	2,472.9	2,358.1	2,457.2	2,221.9	2,288.8	2,158.4	2,259.8	2,042.6	2,197.3	2,128.6	1,964.4	1,778.9	1,802.5	1,682.0	1,578.4	1,407.2	1,497.0	1,424.3	1,469.5	1,478.0	1,633.8	1,496.9	1,437.1	1,382.5	1,469.4	1,347.8	1,325.3	1,133.2	1,214.2	1,149.7	1,165.4	1,076.0	1,142.3	1,043.0	949.8	944.4	1,044.8	973.1	961.3	915.2	1,046.3	856.4
Liabilities attritutable to available-for-sale assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	220.5	227.5	0.0	0.0	0.0	7.0
Total equity and liabilities	10,049.7	9,910.4	9,792.7	9,250.9	10,076.2	9,846.4	9,633.1	10,157.1	10,211.4	9,475.1	8,472.4	7,868.8	7,562.2	7,240.4	6,955.5	6,719.0	6,900.9	6,767.5	7,099.9	7,157.6	7,531.8	7,258.6	6,810.8	6,560.5	6,719.0	6,222.9	6,195.0	5,609.2	5,640.6	5,460.7	5,361.2	5,081.4	5,390.5	5,071.8	4,802.4	4,738.4	4,913.2	4,814.0	4,690.2	4,440.1	4,557.9	4,235.1
Cash flow statements in summary
Operating profit	958.1	933.3	963.0	1,464.5	657.0	334.9	1,401.4	666.9	389.4	269.6	769.8	578.4	447.1	209.6	676.7	503.6	395.6	182.1	625.7	569.4	456.8	173.0	528.1	414.0	333.9	144.9	349.6	344.5	276.8	132.9	439.0	391.3	286.2	133.0	344.1	281.8	251.7	117.5	376.8	321.8	267.7	111.4
Adjustments for non-cash items	423.1	353.5	331.2	293.6	216.0	125.4	113.4	418.8	328.2	106.2	354.5	287.0	205.9	88.7	391.5	252.7	169.4	71.4	349.9	266.6	189.6	78.3	193.1	117.5	68.5	17.7	220.4	124.3	78.8	16.0	158.4	114.1	112.6	46.3	143.8	117.9	69.5	39.5	199.5	168.0	107.3	32.4
Financial items	-73.4	-86.5	-91.9	-71.4	-52.6	-22.5	-77.7	-50.9	-29.6	-11.3	-27.6	-18.2	-11.7	-8.0	-27.5	-20.7	-14.3	-8.2	-38.3	-30.1	-20.7	-8.0	-32.3	-22.4	-14.0	-6.6	-23.9	-16.3	-9.6	-5.7	-22.4	-15.6	-11.3	-5.6	-18.9	-14.2	-9.7	-4.7	-20.7	-15.1	-10.1	-4.9
Income tax paid	-231.8	-227.2	-220.0	-187.4	-114.8	-49.3	-214.5	-176.1	-103.9	-55.5	-147.4	-145.9	-82.3	-40.5	-182.7	-150.0	-104.5	-47.8	-149.8	-112.6	-81.3	-45.0	-152.9	-115.1	-71.9	-35.8	-147.4	-99.4	-42.5	-31.7	-128.7	-94.3	-70.8	-23.6	-138.8	-99.6	-45.9	-22.1	-121.5	-65.7	-27.9	-2.0
Cash flow from operating activities before changes in working capital	1,076.0	973.1	982.3	1,499.3	705.6	388.5	1,222.6	858.7	584.1	309.0	949.3	701.3	559.0	249.8	858.0	585.6	446.2	197.5	787.5	693.3	544.4	198.3	536.0	394.0	316.5	120.2	398.7	353.1	303.5	111.5	446.3	395.5	316.7	150.1	330.2	285.9	265.6	130.2	434.1	409.0	337.0	136.9
Changes in working capital	110.6	241.8	350.9	377.5	33.8	-81.8	-634.9	-441.7	-445.8	-373.8	-714.1	-434.5	-318.9	-91.2	135.9	179.0	73.9	37.9	56.8	110.8	-53.1	-29.4	-149.5	-43.0	-154.6	-45.1	-173.9	-113.1	-130.0	-37.7	18.2	94.5	-35.2	-36.0	-161.3	-77.0	-95.1	-81.5	-192.8	-154.8	-160.2	-49.0
Cash flow from operating activities	1,186.6	1,214.9	1,333.2	1,876.8	739.4	306.7	587.7	417.0	138.3	-64.8	235.2	266.8	240.1	158.6	993.9	764.6	520.1	235.4	844.3	804.1	491.3	168.9	386.5	351.0	161.9	75.1	224.8	240.0	173.5	73.8	464.5	490.0	281.5	114.1	168.9	208.9	170.5	48.7	241.3	254.2	176.8	87.9
Cash flow from investing activities	-348.8	-342.3	-389.7	-274.8	-251.7	-167.0	318.6	-533.8	-500.0	-407.4	-515.9	-268.2	-223.8	-107.9	-448.3	-323.7	-170.5	-93.0	-235.4	-199.9	-162.6	-55.4	-515.4	-463.0	-206.0	-101.6	-481.9	-392.2	-279.4	-161.4	-281.3	-246.2	-158.7	-26.2	-212.1	-171.9	-126.0	-43.8	-297.0	-173.9	-147.0	-85.9
Cash flow from financing activities	-788.1	-872.4	-898.1	-776.4	-433.2	-70.5	-959.5	69.3	315.5	429.9	274.9	-11.7	32.1	-24.6	-557.2	-443.7	-343.0	-181.2	-461.1	-529.1	-263.3	-67.7	161.8	161.7	268.6	56.1	218.8	114.7	79.2	129.4	-134.5	-215.8	-93.1	-37.6	53.5	0.7	25.3	28.6	110.2	-40.0	33.6	48.2
Cash flow for the period	49.7	0.2	45.4	825.6	54.5	69.2	-53.2	-47.5	-46.2	-42.3	-5.8	-13.1	48.4	26.1	-11.6	-2.8	6.6	-38.8	147.8	75.1	65.4	45.8	32.9	49.7	224.5	29.6	-38.3	-37.5	-26.7	41.8	48.7	28.0	29.7	50.3	10.3	37.7	69.8	33.5	54.5	40.3	63.4	50.2
Cash & cash equivalents at start of period	428.7	429.1	339.9	339.9	339.9	339.9	335.9	335.9	335.9	335.9	319.1	319.1	319.1	319.1	378.2	378.2	378.2	378.2	250.4	250.4	250.4	250.4	213.3	213.3	213.3	213.3	241.8	241.8	241.8	241.8	176.9	176.9	176.9	176.9	187.8	187.8	187.8	187.8	123.3	123.3	123.3	123.3
Translation differences in cash	-17.3	-3.6	29.0	-14.4	34.3	20.0	57.2	61.3	48.2	17.7	22.6	21.7	-6.1	2.8	-47.5	-51.4	-40.7	-31.5	-20.0	2.5	5.2	5.2	4.2	-6.8	-5.9	-8.6	9.8	-9.4	-6.8	-13.6	16.2	8.0	22.7	9.4	-21.2	-26.9	-15.3	-6.7	10.0	-4.8	2.0	5.5
Cash & cash equivalents held for sale								-15.3	-5.7				-2.1
Cash & cash equivalents at the end of period	461.1	425.7	414.3	1,151.1	428.7	429.1	339.9	334.4	332.2	311.3	335.9	327.7	359.3	348.0	319.1	324.0	344.1	307.9	378.2	328.0	321.0	301.4	250.4	256.2	431.9	234.3	213.3	194.9	208.3	270.0	241.8	212.9	229.3	236.6	176.9	198.6	242.3	214.6	187.8	158.8	188.7	179.0
Key ratios/Alternative performance measures
Number of employees
The number of employees at the end of the accounting period. New employees, appointments terminated, part-time employees and paid overtime are converted into full-time equivalents.
Number of employees	6,660	6,518	6,616	6,518	6,588	6,616	6,587
Return on equity
Profit after tax before non-controlling interest, for the trailing 12 months (TTM), divided by average equity excluding non-controlling interest.
Profit after tax before minority share, rolling 12 month	611.1	621.5	653.8		1,277.0	1,069.9	1,044.7
Average equity	5,669.4	5,604.3	5,541.0		5,284.0	4,991.5	4,620.9
Return on equity, %	10.8	11.1	11.8	19.9	24.2	21.4	22.6	13.3	12.2	16.1	15.1	15.0	14.9	14.8	13.0	9.4	9.2	11.0	12.6	15.5	15.4	13.5	11.9	9.6	9.7	8.9	9.3	10.2	10.8	11.4	12.6	12.9	11.6	10.6	9.8	9.9	11.4	13.0	15.1	27.4	27.2	26.8
Return on capital employed, %
Profit after financial income, for the trailing 12 months (TTM), divided by average capital employed.
Profit after financial income, rolling 12	980.2	961.5	1,028.7		1,744.0	1,559.4	1,479.0
Average capital employed	7,162.0	7,218.7	7,254.3		7,466.0	7,460.4	7,355.1
Return on capital employed, %	13.7	13.3	14.2	20.7	23.4	20.9	20.1	13.3	12.2	14.7	14.5	14.9	14.2	14.3	13.1	10.2	10.1	11.2	11.6	12.6	12.6	11.1	11.3	8.8	8.8	8.2	9.1	9.3	10.4	10.8	12.0	11.9	10.5	10.1	10.2	9.3	10.5	12.4	12.5	19.8	18.9	18.1
EBITDA
Operating profit before depreciation and amortization
Operating profit	958.1	933.3	963.0	1,464.5	1,669.0	1,466.7	1,401.4	858.3	712.1	829.8	769.8	751.5	728.2	704.2	676.7	559.9	564.5	634.9	625.8	683.6	651.1	556.1	528.0	419.1	406.7	361.7	349.7	392.2	429.6	438.9	439.0	453.5	378.5	359.6	344.1	337.0	361.0	383.0	376.9	54.1	156.3	111.4
Depreciation and amortization	441.5	428.8	422.1	319.5	408.7	569.8	568.3	472.9	376.7	103.2	408.3	273.8	181.0	90.0	399.9	275.1	186.5	89.1	395.6	264.9	174.4	85.4	233.2	170.4	112.8	55.6	204.5	149.8	97.6	48.8	186.6	137.6	89.8	44.0	178.2	131.9	88.6	44.0	171.0	124.8	81.7	39.9
EBITDA	1,399.6	1,362.1	1,385.1	1,784.0	2,077.6	2,036.4	1,969.7
Equity per share
Equity divided by the number of shares at the end of the period
Equity	5,859.5	5,833.3	5,645.5	5,346.2	5,599.0	5,586.7	5,265.6
Number of shares, thousand	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	208,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000
Equity per share, SEK	28.2	28.0	27.1	25.7	26.9	26.9	25.3
Cash conversion
Operating profit before depreciation and amortization, rolling 12 months (TTM)
Non-cash provisions in working capital, rolling 12 months (TTM)
Change in working capital, rolling 12 months (TTM)
Investments in machinery and equipment, rolling 12 months (TTM)
Total
Operating profit, rolling 12 months (TTM)
Cash conversion, %
Net indebtedness
Interest-bearing liabilities + provision pensions reduced by cash and cash equivalents and short-term investments
Interest-bearing liabilities	1,459.2	1,460.9	1,462.2	1,476.9	1,865.1	1,842.8	1,842.3
Provisions for pensions	26.9	27.1	27.3	24.0	25.8	25.3	24.7
Cash and cash equivalents and short-term investments	466.4	431.7	419.3	421.6	434.0	435.1	343.7
Net indebtedness	1,019.7	1,056.3	1,070.2	1,079.3	1,456.8	1,433.0	1,523.3
Operating cash flow per share
Cash flow for the period from operating activities divided by the average number of shares during the period.
Cash flow for the period from operating activities	1,186.6	1,214.9	1,333.2	1,142.2	739.4	306.7	587.7
Number of shares, thousand	208,000	208,000	208,000	208,000	208,000	208,000	208,000
Operating cash flow per share, SEK	5.7	5.8	6.4	5.5	3.6	1.5	2.8
Organic growth
Change in sales by comparable units, adjusted for acquisitions and foreign currency effects.
Net sales for comparable units	12,643.6	12,566.6	12,554.5	12,401.0	12,139.8	11,705.6	11,168.8
Net sales previous year	12,533.0	12,383.7	12,057.9	11,590.3	10,825.3	10,192.9	9,634.5
Organic growth, %	0.9	1.5	4.1	7.0	12.1	14.8	15.9
Profit per share
Profit for the period attributable to the Parent Company's shareholders divided by the average number of shares during the period.
Profit attributable to the Parent Company's shareholders	604.6	611.4	645.6	1,079.3	1,268.5	1,067.1	1,039.6
Number of shares, thousand	208,000	208,000	208,000	208,000	208,000	208,000	208,000
Profit per share, SEK	2.9	2.9	3.1	5.2	6.1	5.1	5.0
Operating margin
Operating profit divided by net sales.
Operating profit	958.1	933.3	963.0	1,464.5	1,669.0	1,466.7	1,401.4
Net sales	12,152.5	12,193.0	12,256.6	12,316.6	12,533.3	12,383.9	12,057.9	8,929.1	5,885.6	2,848.9	9,634.4	6,972.8	4,694.7	2,290.5	8,519.1	6,310.6	4,306.7	2,100.0	8,914.8	6,883.8	4,737.1	2,254.0	8,326.4	6,182.6	4,164.1	2,012.7	7,301.3	5,474.2	3,700.9	1,837.2	6,863.7	5,130.5	3,415.1	1,645.9	6,112.5	4,603.8	3,187.5	1,563.1	5,882.3	4,379.9	2,948.3	1,393.8
Operating margin, %	7.9	7.7	7.9	11.9	13.3	11.8	11.6	7.4	6.6	8.1	8.0	8.2	8.2	8.1	7.9	6.7	6.7	7.2	7.0	7.6	7.3	6.5	6.3	5.2	5.2	4.8	4.8	5.4	6.0	6.2	6.4	6.8	6.0	5.8	5.6	5.5	5.9	6.3	6.4	3.8	10.1	8.0
Operating profit (EBIT)
Earnings before financial items and tax	958.1	933.3	963.0	1,464.5	1,669.0	1,466.7	1,401.4
Equity/assets ratio
Adjusted equity divided by total assets
Adjusted equity	5,866.2	5,839.7	5,653.8	5,339.3	5,605.2	5,592.5	5,265.6
Total assets	10,049.7	9,910.4	9,792.7	9,250.9	10,076.2	9,846.4	9,633.1
Equity/assets ratio, %	58.4	58.9	57.7	57.8	55.6	56.8	54.7	46.5	43.8	44.0	45.5	47.2	45.7	48.4	47.9	47.7	46.3	44.7	43.4	44.0	41.1	41.1	41.7	41.3	39.7	42.2	42.5	43.9	43.2	44.0	44.6	45.5	43.9	45.0	43.9	43.6	42.8	44.9	44.4	46.4	44.1	48.3
Capital employed
Total assets less non interest-bearing liabilities
Total assets	10,049.7	9,910.4	9,792.7	9,250.9	10,076.2	9,846.4	9,633.1
Non interest-bearing liabilities	2,703.2	2,584.2	2,655.2	2,413.4	2,502.5	2,371.3	2,472.3
Capital employed	7,346.5	7,326.2	7,137.5	6,837.8	7,573.7	7,475.1	7,160.8
Growth
Growth is defined as the change in net sales, relative to net sales for the preceding period
Net sales	12,152.5	12,193.0	12,256.6	12,316.6	12,533.3	12,383.9	12,057.9
Net sales previous year	12,533.3	12,383.9	12,057.9	11,590.8	10,825.3	10,192.9	9,634.5
Growth, %	-3.0	6.3	1.6	6.3	15.8	21.5	25.2	26.2	21.5	17.0	13.1	10.1	5.0	-0.6	-4.4	-7.6	-4.7	2.3	7.1	12.7	14.6	14.6	14.0	11.1	8.6	6.0	6.4	8.6	12.8	13.9	12.3	8.7	3.6	2.4	3.9	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Profit margin
Profit after financial items divided by net sales
Profit after financial items	851.4	835.9	864.4	1,336.1	1,543.2	1,346.0	1,294.9	789.9	701.1	801.2	741.6	702.8	674.5	654.7	564.0	415.7	408.1	482.2	543.7	630.4	611.6	525.5	458.0	392.3	370.8	336.7	333.2	345.7	368.1	380.8	410.1	418.7	368.9	331.2	307.4	306.3	341.4	379.3	380.5	54.1	156.3	111.4
Net sales	12,152.5	12,193.0	12,256.6	12,316.6	12,533.3	12,383.9	12,057.9	11,590.8	10,825.3	10,192.8	9,634.4	9,181.3	8,907.1	8,709.6	8,519.1	8,341.6	8,484.4	8,760.8	8,914.8	9,027.6	8,899.4	8,567.7	8,326.4	8,009.7	7,764.5	7,476.8	7,301.3	7,207.4	7,149.5	7,055.0	6,863.7	6,639.2	6,340.1	6,195.3	6,112.5	6,106.2	6,121.5	6,051.6	5,882.3	1,431.6	1,554.5	1,393.8
Profit margin, %	7.0	6.9	7.1	10.8	12.3	10.9	10.7	6.8	6.5	7.9	7.7	7.7	7.6	7.5	6.6	5.0	4.8	5.5	6.1	7.0	6.9	6.1	5.5	4.9	4.8	4.5	4.6	4.8	5.1	5.4	6.0	6.3	5.8	5.3	5.0	5.0	5.6	6.3	6.5	3.8	10.1	8.0

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