Report on the Group income statement, IFRS

Group net sales according to IFRS decreased by eight percent during the first quarter 2020 and amounted to SEK 11,870 million (12,839). The decrease is due to the fact that fewer projects were settled during the period than in the first quarter 2019. Several major projects in the Stockholm area were settled during the first quarter 2019.

Operating profit according to IFRS for the first quarter 2020 amounted to SEK 170 million (791) and the operating margin was 1.4 percent (6.2).

MSEK Jan-Mar
2020		 Jan-Mar
2019		 Apr 2019-
Mar 2020		 Jan-Dec
2019
Mkr Jan-mar
2020		 Jan-mar
2019		 Apr 2019-
mar 2020		 Jan-dec
2019
Net sales Nettoomsättning 11,870 12,839 55,334 56,303
Production costs Kostnader för produktion -10,962 -11,321 -49,953 -50,312
Gross profit Bruttoresultat 908 1,518 5,381 5,991
Sales and administrative expenses Försäljnings- och administrationskostnader -766 -751 -2,894 -2,879
Other operating income Övriga rörelseintäkter 37 27 290 280
Other operating costs Övriga rörelsekostnader -9 -3 -113 -107
Operating profit Rörelseresultat 170 791 2,664 3,285
Financial income Finansiella intäkter 40 54 116 130
Financial expenses Finansiella kostnader -129 -50 -267 -188
Net finance Finansnetto -89 4 -151 -58
Pre-tax profit Resultat före skatt 81 795 2,513 3,227
Tax Skatt -13 -157 -427 -571
Profit for the period Periodens resultat 68 638 2,086 2,656
Profit for the period, attributable to: Periodens resultat hänförligt till:
Shareholders in parent company Moderbolagets ägare 69 638 2,087 2,656
Non-controlling interests Innehav utan bestämmande inflytande -1 0 -1 0
Profit for the period Periodens resultat 68 638 2,086 2,656
Key ratios, IFRS Nyckeltal, IFRS
Earnings per share before and after dilution, SEK Resultat per aktie före och efter utspädning, kr 0.23 2.16 7.07 9.00
Average number of outstanding shares, million Genomsnittligt antal utestående aktier, miljoner 295.0 295.0 295.0 295.0
Return on capital employed, % Räntabilitet på sysselsatt kapital, % 10.6 1) – 10.6 1) 13.2
Return on equity, % Räntabilitet på eget kapital, % 18.8 1) – 18.8 24.3
1) Calculated on rolling 12 months. Since the numbers for 2018 have not been translated according to the changed accounting principles no numbers for March 31, 2019 are given.

Report on the Group income statement and other comprehensive income in summary, IFRS

MSEK Jan-Mar
2020		 Jan-Mar
2019		 Apr 2019-
Mar 2020		 Jan-Dec
2019
Mkr Jan-mar
2020		 Jan-mar
2019		 Apr 2019-
mar 2020		 Jan-dec
2019
Profit for the period Periodens resultat 68 638 2,086 2,656
Other comprehensive income Övrigt totalresultat
Items that can be reclassified or have been reclassified to profit for the period
Poster som har omförts eller kan omföras till periodens resultat
Translation differences for the period from translation of foreign operations
Periodens omräkningsdifferenser vid omräkning av utländska verksamheter
 -48 74 -73 49
Changes in fair value of cash flow hedges for the period
Periodens förändringar i verkligt värde på kassaflödessäkringar
 -7 12 -10 9
Shares in joint ventures’ other comprehensive income Andelar i joint ventures övrigt totalresultat -1 0 -1 0
Tax referring to items that can be reclassified or have been reclassified to profit for the period
Skatt hänförligt till poster som har omförts eller kan omföras till periodens resultat
 -11 7 -12 6
Other comprehensive income for the period Periodens övrigt totalresultat -67 93 -96 64
Total comprehensive income for the period Periodens totalresultat 1 731 1,990 2,720
Total comprehensive income for the period, attributable to: Periodens totalresultat hänförligt till:
Shareholders in parent company Moderbolagets ägare 2 730 1,992 2,720
Non-controlling interests Innehav utan bestämmande inflytande -1 1 -2 0
Total comprehensive income for the period Periodens totalresultat 1 731 1,990 2,720