Half-year report January – June 2017
Group operative net sales for the first half-year 2017 amounted to SEK 23,909 million (21,473), which was an increase of eleven percent. Even after adjustments for acquired and divested units net sales increased by eleven percent compared to the same period last year.
Operative operating profit for the first half-year 2017 amounted to SEK 947 million compared to SEK 812 million for the same period last year.
Orders received for the first half-year 2017 amounted to SEK 23,270 million compared to SEK 22,051 million for the same period last year. Order backlog amounted to SEK 37,313 million compared to SEK 33,572 million at the end of last year.
Group
| MSEK | Apr-Jun 2017 | Apr-Jun 2016 | Jan-Jun 2017 | Jan-Jun 2016 | Jul-Jun 2016/2017 | Jan-Dec 2016 | |
| Mkr | Apr-jun 2017 | Apr-jun 2016 | Jan-jun 2017 | Jan-jun 2016 | Jul-jun 2016/2017 | Jan-dec 2016 | |
| Operative net sales 1) | Operativ nettoomsättning 1) | 12,813 | 12,781 | 23,909 | 21,473 | 48,925 | 46,489 |
| Net sales | Nettoomsättning | 12,853 | 12,571 | 24,004 | 21,102 | 49,239 | 46,337 |
| Operative operating profit 1) | Operativt rörelseresultat 1) | 631 | 624 | 947 | 812 | 2,210 | 2,075 |
| Operative operating margin, % 1) | Operativ rörelsemarginal, % 1) | 4.9 | 4.9 | 4.0 | 3.8 | 4.5 | 4.5 |
| Operating profit | Rörelseresultat | 637 | 628 | 957 | 785 | 2,270 | 2,098 |
| Operating margin, % | Rörelsemarginal, % | 5.0 | 5.0 | 4.0 | 3.7 | 4.6 | 4.5 |
| Pre-tax profit | Resultat före skatt | 623 | 609 | 934 | 755 | 2,229 | 2,050 |
| Profit for the period | Periodens resultat | 530 | 514 | 807 | 637 | 1,897 | 1,727 |
| Earnings per share, SEK | Resultat per aktie, kr | 1.80 | 1.74 | 2.74 | 2.16 | 6.43 | 5.85 |
| Return on equity, % | Räntabilitet på eget kapital, % | 20.6 2) | 11.7 2) | 20.6 2) | 11.7 2) | 20.6 | 20.1 |
| Net debt | Nettoskuld | 2,707 | 3,154 | 2,707 | 3,154 | 2,707 | 1,862 |
| Equity/assets ratio, % | Soliditet, % | 29.3 | 27.5 | 29.3 | 27.5 | 29.3 | 29.7 |
| Number of employees | Antal anställda | 15,076 | 14,398 | 15,076 | 14,398 | 15,076 | 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 30 June 2017 the equity/assets ratio was 29.3 percent compared to 29.7 percent at the end of last year.
Goal > 20%
The goal for return on equity is at least 20 percent. The return on equity calculated on a rolling 12 month period was 20.6 percent (11.7). 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. Dividend for 2016 of SEK 3.60 (2.60) per share corresponds to 61 percent (96) of profit for the year.