2017 in summary

  • The operative net sales increased by eight percent and amounted to SEK 50,267 million (46,489). A favorable construction and civil engineering market has positively affected all business areas.
  • The operative operating profit increased by 17 percent to SEK 2,425 million (2,075) and the operative operating margin improved to 4.8 percent (4.5).
  • Orders received increased by nine percent to SEK 45,247 million (41,445). The number of orders received has risen in all business areas.
  • Order backlog per 31 December 2017 amounted to record high SEK 38,491 million (33,572) with a broad range of products and spread geographically.
  • Cash flow before financing amounted to SEK 2,295 million (2,615), including significant investments in business area Industry.
  • Strong financial position with net debt amounting to SEK 1,216 million (1,862).
  • Equity/assets ratio amounted to 32.1 percent (29.7).
  • Return on equity improved to 21.1 percent (20.1).
  • The Board proposes an increased dividend to SEK 4.00 per share (3.60), which corresponds to 58 percent (61) of the profit for the year.

 

Financial summary

2017 2016 2015 Financial goals
Operative net sales, MSEK 1) 50,267 46,489 44,252
Net sales, MSEK 50,090 46,337 44,376
Operative operating profit, MSEK 1) 2,425 2,075 1,052
Operative operating margin, % 1) 4.8 4.5 2.4
Operating profit, MSEK 2,405 2,098 1,009
Operating margin, % 4.8 4.5 2.3
Pre-tax profit, MSEK 2,445 2,050 906
Profit per share, SEK 6.97 5.85 2.71
Dividend per share, SEK 2) 4.00 3.60 2.60 > 50%
Return on equity, % 21.1 20.1 9.9 > 20%
Equity/assets ratio, % 32.1 29.7 28.8 > 25%
Cash flow before financing, MSEK 2,295 2,651 1,787
Net debt, MSEK 1,216 1,862 3,118
Orders received, MSEK 45,247 41,445 37,812
Order backlog, MSEK 38,491 33,572 26,991
Number of employees per 31 December 14,344 13,869 13,300

1) Operative net sales and operative operating profit are reported according to percentage of completion method following operating segment reporting. Net sales and operating profit are reported according to legal accounting.
2) Board of Directors’ proposal to the AGM for 2017.

Financial goals

Return on equity

Goal>20%

Equity/assets ratio

Goal>25%

Dividends
* Board of Directors’ proposal for 2017

Goal>50%