Quarterly report January – March 2017
Group operative net sales for the first quarter 2017 amounted to SEK 11,096 million (8,692), which was an increase of 28 percent. After adjustments for acquired and divested units net sales increased by 27 percent compared to the same period last year.
Operative operating profit for the first quarter 2017 amounted to SEK 316 million compared to SEK 188 million for the same period last year.
Orders received for the first quarter 2017 amounted to SEK 11,114 million compared to SEK 11,886 million for the same period last year. Order backlog amounted to SEK 35,679 million compared to SEK 33,572 million at the end of last year.
Group
| MSEK | Jan-Mar 2017 | Jan-Mar 2016 | Apr-Mar 2016/2017 | Jan-Dec 2016 |
| Operative net sales 1) | 11,096 | 8,692 | 48,893 | 46,489 |
| Net sales | 11,151 | 8,531 | 48,957 | 46,337 |
| Operative operating profit 1) | 316 | 188 | 2,203 | 2,075 |
| Operative operating margin, % 1) | 2.8 | 2.2 | 4.5 | 4.5 |
| Operating profit | 320 | 157 | 2,261 | 2,098 |
| Operating margin, % | 2.9 | 1.8 | 4.6 | 4.5 |
| Pre-tax profit | 311 | 146 | 2,215 | 2,050 |
| Profit for the period | 277 | 123 | 1,881 | 1,727 |
| Earnings per share, SEK | 0.94 | 0.42 | 6.37 | 5.85 |
| Return on equity, % | 21.1 2) | 10.3 2) | 21.1 | 20.1 |
| Net debt | 416 | 2,512 | 416 | 1,862 |
| Equity/assets ratio, % | 32.5 | 30.6 | 32.5 | 29.7 |
| Number of employees | 14,100 | 13,444 | 14,100 | 13,869 |
1) Operative net sales and operative operating profit are reported according to the percentage of completion method corresponding to segment reporting. Net sales and operating profit are reported according to legal accounting.
2) Calculated on rolling 12 months.
Financial goals
Goal > 25%
The goal for the equity/assets ratio is at least 25 percent. On 31 March 2017 the equity/assets ratio was 32.5 percent compared to 29.7 percent at the end of last year.
Goal > 20%
The goal for return on equity is a yield of at least 20 percent. The return on equity calculated on a rolling 12 months was 21.1 percent (10.3). For full year 2016 the return on equity amounted to 20.1 percent.
Goal > 50%
The goal for dividends is at least 50 percent of profit after tax. The Board of Directors’ proposal for a dividend for 2016 of SEK 3.60 (2.60) per share corresponds to 61 percent (96) of profit for the year.