Quarterly report January – March 2018

Net sales 1)

Group net sales for the first quarter 2018 amounted to SEK 11,490 million (11,105), which was an increase of three percent. Even after adjustments for acquired and divested units net sales increased by three percent compared to the same period last year.

Operating profit 1)

Operating profit for the first quarter 2018 amounted to SEK 290 million compared to SEK 320 million for the same period last year.

Orders received 1)

Orders received for the first quarter 2018 amounted to SEK 12,906 million compared to SEK 12,429 million for the same period last year. Order backlog amounted to SEK 43,055 million compared to SEK 40,205 million at the end of last year.

Group 1)

MSEK Jan-Mar
2018		 Jan-Mar
2017		 Apr-Mar
2017/2018		 Jan-Dec
2017
Mkr Jan-mar
2018		 Jan-mar
2017		 Apr-mar
2017/2018		 Jan-dec
2017
Net sales Nettoomsättning 11,490 11,105 50,366 49,981
Operating profit Rörelseresultat 290 320 2,388 2,418
Operating margin, % Rörelsemarginal, % 2.5 2.9 4.7 4.8
Pre-tax profit Resultat före skatt 256 311 2,403 2,458
Profit for the period Periodens resultat 218 277 2,008 2,067
Earnings per share, SEK Resultat per aktie, kr 0.74 0.94 6.81 7.01
Return on equity, % Räntabilitet på eget kapital, % 20.1 2) 20.5 2) 20.1 21.3
Net debt Nettoskuld 1,709 416 1,709 1,216
Equity/assets ratio, % Soliditet, % 33.4 32.6 33.4 32.2
Cash flow before financing Kassaflöde före finansiering -390 1,788 117 2,295
Number of employees Antal anställda 14,357 14,100 14,357 14,344

1) Recalculated taking IFRS 15 into account. 2) Calculated on rolling 12 months. 

Financial goals 3)

Equity/assets ratio
* As of March 31 2018

Goal > 25%

The goal for the equity/assets ratio is at least 25 percent. On 31 March 2018 the equity/assets ratio was 33.4 percent compared to 32.2 percent at the end of last year.

3) Years 2010-2015 have not been recalculated taking IFRS 15 into account.

Return on equity
* Rolling 12 months as of March 31 2018

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 period was 20.1 percent (20.5). For full year 2017 the return on equity amounted to 21.3 percent.

Dividends
* Board of Directors proposal for 2017 to the AGM

Goal > 50%

The goal for dividends is at least 50 percent of profit for the year. The Board of Directors’ proposal for a dividend for 2017 of SEK 4.00 (3.60) per share corresponds to 58 percent (61) of profit for the year.