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	2023/22	2022/21	2021/20	2020/19	2019/18	2018/17	2017/16	2016/15	2015/14
Summary
Net sales	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, %	25.2	13.1	-4.4	7.1	14.0	6.4	12.3	3.9	11.1
Operating profit	1,401.4	769.8	676.7	625.7	528.1	349.6	439.0	344.1	376.8
Operating margin, %	11.6	8.0	7.9	7.0	6.3	4.8	6.4	5.6	6.4
Profit after financial items	1,294.9	741.7	564.0	543.7	458.0	333.2	410.2	307.3	380.4
Profit margin, %	10.7	7.7	6.6	6.1	5.5	4.6	6.0	5.0	6.5
Earnings per share, SEK	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	5.00	2.61	1.95	1.83	1.54	1.42	1.42	3.98	5.96
Income statements
Net sales	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	-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	4,109.4	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	704.8	233.5	196.1	168.3	169.6	116.9	119.6	80.3	92.7
Selling expenses	-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	-575.4	-437.6	-427.8	-424.4	-389.2	-360.7	-365.1	-337.1	-313.9
Other operating expenses	-419.1	-267.5	-190.0	-214.3	-154.2	-167.9	-128.6	-101.4	-73.9
Net profit on monetary items	41.5
Operating profit	1,401.4	769.8	676.7	625.7	528.1	349.6	439.0	344.1	376.8
Net financial items	-106.5	-28.1	-112.7	-82.0	-70.1	-16.4	-28.8	-36.8	3.6
Profit before tax	1,294.9	741.7	564.0	543.7	458.0	333.2	410.2	307.3	380.4
Tax	-250.2	-197.4	-153.4	-158.4	-136.8	-103.1	-116.0	-100.1	-70.6
Profit for the period	1,044.7	544.3	410.6	385.3	321.2	230.1	294.2	207.2	309.8
Profit attributable to minority interests	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	1,039.6	543.9	406.2	381.5	322.3	230.5	294.2	207.2	309.8
Basic earning per share, SEK	5.0	2.6	1.9	1.8	1.6	1.1	1.4	4.0	6.0
Diluted earnings per share, SEK	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	52,000	52,000	52,000	52,000	52,000	52,000	52,000
Average number of shares during period, diluted (thousand)	208,063	208,000	52,000	52,000	52,000	52,000	52,000	52,000	52,000
Balance sheets
Non-current assets
Goodwill	988.6	888.9	735.6	819.9	846.8	759.1	691.4	621.8	613.7
Other intangible assets	291.3	216.1	210.7	247.7	265.1	216.9	193.3	189.3	225.8
Tangible non-current assets	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	179.9	193.6	237.5	254.9	267.6	240.4	200.6	180.5	180.0
Total non-current assets	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	2,459.2	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	2,848.2	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	339.9	335.9	319.1	378.2	250.4	212.8	241.8	176.9	187.8
Total current assets	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	9,633.1	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	5,272.5	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	258.5	275.7	259.9	271.9	288.6	275.5	259.1	238.7	261.0
Interest-bearing long-term liabilities	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	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	2,259.8	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
Total equity and liabilities	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	1,401.4	769.8	676.7	625.7	528.1	349.6	439.0	344.1	376.8
Adjustments for non-cash items	113.4	354.5	391.5	349.9	193.1	220.4	158.4	143.8	199.5
Financial items	-77.7	-27.6	-27.5	-38.3	-32.3	-23.9	-22.4	-18.9	-20.7
Income tax paid	-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	1,222.6	949.3	858.0	787.5	536.0	398.7	446.3	330.2	434.1
Changes in working capital	-634.9	-714.1	135.9	56.8	-149.5	-174.4	18.2	-161.3	-192.8
Cash flow from operating activities	587.7	235.2	993.9	844.3	386.5	224.3	464.5	168.9	241.3
Cash flow from investing activities	318.6	-515.9	-448.3	-235.4	-320.9	-481.9	-281.3	-212.1	-297.0
Cash flow from financing activities	-959.5	274.9	-557.2	-461.1	161.8	218.8	-134.5	53.5	110.2
Cash flow for the period	-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	335.9	319.1	378.2	250.4	213.3	241.8	176.9	187.8	123.3
Translation differences in cash	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	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	6,587	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	1,044.7	544.3	410.6	385.3	321.2	230.1	294.2
Average equity	4,620.9	3,598.2	3,166.3	3,065.1	2,710.7	2,479.9	2,333.0
Return on equity, %	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	1,479.0	835.6	673.7	639.8	557.4	390.4	464.7
Average capital employed	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, %	20.1	14.5	13.1	11.6	11.3	9.1	12.0
EBITDA
Operating profit before depreciation and amortization
Operating profit	1,401.4	769.8	676.7	625.7	528.1	349.6	439.0
Depreciation and amortization	568.3	408.4	399.8	405.4	233.3	219.6	186.7
EBITDA	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	5,265.6	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	52,000	52,000	52,000	52,000	52,000
Equity per share, SEK	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)	1,969.7	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)	30.0	8.1	1.2	2.6	-8.0	-17.5	-14.1
Change in working capital, rolling 12 months (TTM)	-634.9	-714.1	135.9	56.7	-149.5	-173.9	18.2
Investments in machinery and equipment, rolling 12 months (TTM)	-325.7	-326.4	-432.9	-204.7	-226.3	-403.7	-182.7
Total	1,039.1	145.8	780.7	885.7	377.6	-25.9	447.1
Operating profit, rolling 12 months (TTM)	1,401.4	769.8	676.7	625.7	528.1	349.6	439.0
Cash conversion, %	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	1,842.3	2,378.9	1,787.1	2,273.7	2,245.8	1,978.5	1,583.9
Provisions for pensions	24.7	78.7	74.9	88.6	86.2	74.7	61.9
Cash and cash equivalents and short-term investments	343.7	339.3	321.7	381.6	251.4	215.5	245.0
Net indebtedness	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	587.7	235.2	993.9	844.3	386.6	224.8	464.5
Number of shares, thousand	208,000	208,000	52,000	52,000	52,000	52,000	52,000
Operating cash flow per share, SEK	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	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	9,634.5	8,519.2	8,914.9	8,326.5	7,301.2	6,863.6	6,112.5
Organic growth, %	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	1,039.6	543.9	406.2	381.5	322.3	230.5	294.2
Number of shares, thousand	208,000	208,000	52,000	52,000	52,000	52,000	52,000
Profit per share, SEK	5.0	2.6	7.8	7.3	6.2	4.4	5.7
Operating margin
Operating profit divided by net sales.
Operating profit	1,401.4	769.8	676.7	625.7	528.1	349.6	439.0
Net sales	12,057.9	9,634.5	8,519.2	8,914.9	8,326.5	7,301.2	6,863.6
Operating margin, %	11.6	8.0	7.9	7.0	6.3	4.8	6.4
Operating profit (EBIT)
Earnings before financial items and tax	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	5,265.6	3,853.5	3,330.1	3,084.7	2,839.2	2,620.3	2,381.3
Total assets	9,633.1	8,472.4	6,955.5	7,099.9	6,810.8	6,161.4	5,338.0
Equity/assets ratio, %	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	9,633.1	8,472.4	6,955.5	7,099.9	6,810.8	6,161.4	5,338.0
Non interest-bearing liabilities	2,472.3	2,197.5	1,795.6	1,710.4	1,682.6	1,524.9	1,372.8
Capital employed	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	12,057.9	9,634.5	8,519.2	8,914.9	8,326.5	7,301.2	6,863.8
Net sales previous year	9,634.5	8,519.2	8,914.9	8,326.5	7,301.2	6,863.6	6,112.5
Growth, %	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	1,294.9	741.7	564.0	543.7	458.0	333.2	410.2
Net sales	12,057.9	9,634.5	8,519.2	8,914.9	8,326.5	7,301.2	6,863.8
Profit margin, %	10.7	7.7	6.6	6.1	5.5	4.6	6.0

SEK million	Q2 2024/23	Q1 2024/23	Q4 2023/22	Q3 2023/22	Q2 2023/22	Q1 2023/22	Q4 2022/21	Q3 2022/21	Q2 2022/21	Q1 2022/21	Q4 2021/20	Q3 2021/20	Q2 2021/20	Q1 2021/20	Q4 2020/19	Q3 2020/19	Q2 2020/19	Q1 2020/19	Q4 2019/18	Q3 2019/18	Q2 2019/18	Q1 2019/18	Q4 2018/17	Q3 2018/17	Q2 2018/17	Q1 2018/17	Q4 2017/16	Q3 2017/16	Q2 2017/16	Q1 2017/16	Q4 2016/15	Q3 2016/15	Q2 2016/15	Q1 2016/15	Q4 2015/14	Q3 2015/14	Q2 2015/14	Q1 2015/14
Summary
Net sales	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, %	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	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, %	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	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, %	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	1.18	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	1.18	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	3,186.1	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	-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	1,078.5	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	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	-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	-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	-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	33.9	2.5	-10.2	18.0	33.7
Operating profit	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	-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	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	-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	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	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	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	306.7	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	9.6	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	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)	208,065	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	1,027.6	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	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	2,740.9	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	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	4,273.3	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	2,411.7	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	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	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	5,802.9	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	10,076.2	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	5,605.2	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	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	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	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</