Half-year report January – June 2018

Net sales 1)

Group net sales for the first half-year 2018 amounted to SEK 24,943 million (23,896), which was an increase of four percent. 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 half-year 2018 amounted to SEK 967 million compared to SEK 951 million for the same period last year.

Orders received 1)

Orders received for the first half-year 2018 amounted to SEK 29,163 million compared to SEK 25,309 million for the same period last year. Order backlog amounted to SEK 47,453 million compared to SEK 40,205 million at the end of 2017.

Group 1)

MSEK Apr-Jun
2018
Apr-Jun
2017
Jan-Jun
2018
Jan-Jun
2017
Jul-Jun
2017/2018
Jan-Dec
2017
Mkr Apr-jun
2018
Apr-jun
2017
Jan-jun
2018
Jan-jun
2017
Jul-jun
2017/2018
Jan-dec
2017
Net sales Nettoomsättning 13,453 12,791 24,943 23,896 51,028 49,981
Operating profit Rörelseresultat 677 631 967 951 2,434 2,418
Operating margin, % Rörelsemarginal, % 5.0 4.9 3.9 4.0 4.8 4.8
Pre-tax profit Resultat före skatt 673 617 929 928 2,459 2,458
Profit for the period Periodens resultat 572 525 790 802 2,055 2,067
Earnings per share, SEK Resultat per aktie, kr 1.94 1.78 2.68 2.72 6.97 7.01
Return on equity, % Räntabilitet på eget kapital, % 20.1 2) 20.1 2) 20.1 2) 20.1 2) 20.1 21.3
Net debt Nettoskuld 3,592 2,707 3,592 2,707 3,592 1,216
Equity/assets ratio, % Soliditet, % 29.2 29.3 29.2 29.3 29.2 32.2
Cash flow before financing Kassaflöde före finansiering -704 -1,105 -1,094 683 518 2,295
Number of employees at the end of the period Antal anställda vid periodens utgång 15,187 15,076 15,187 15,076 15,187 14,344

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

Financial goals 3)

Equity/assets ratio
* As of June 30 2018

Goal > 25%

The goal for the equity/assets ratio is at least 25 percent. On 30 June 2018 the equity/assets ratio was 29.2 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 June 30 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 (20.1). For full year 2017 the return on equity amounted to 21.3 percent.

Dividends

Goal > 50%

The goal for dividends is at least 50 percent of profit for the year. Dividend for 2017 of SEK 4.00 (3.60) per share corresponds to 58 percent (61) of profit for the year.