The trend of a divided market continues

In this report amounts and comments are based on segment reporting if not otherwise specified. The Group has different accounting principles in segment reporting compared to reporting according to IFRS for our own housing development projects and for IFRS 16 (previously operational leasing contracts). For more information on our accounting principles and the differences between segment reporting and reporting according to IFRS, see note 1 and 3. For information on alternative performance measures, see the section Alternative performance measures and definitions.

Summary according to segment reporting  

April – June 2023

  • Arbitration in the case of Mall of Scandinavia (MoS) has been decided
  • Net sales SEK 15,756 million (16,858)
  • Operating profit excl. MoS SEK 690 million (885). Operating profit SEK 1,090 million
  • Operating margin excl. MoS 4.4 percent (5.2). Operating margin 6.9 percent
  • Pre-tax profit excl. MoS SEK 616 million (881). Pre-tax profit SEK 1,406 million
  • Earnings per share excl. MoS SEK 1.68 (2.36). Earnings per share SEK 3.86
  • Orders received SEK 12,505 million (14,334)
  • Cash flow before financing SEK -2,321 million (-1,540)

January – June 2023

  • Net sales SEK 28,446 million (29,402)
  • Operating profit excl. MoS SEK 534 million (895). Operating profit SEK 934 million
  • Operating margin excl. MoS 1.9 percent (3.0). Operating margin 3.3 percent
  • Pre-tax profit excl. MoS SEK 420 million (889). Pre-tax profit SEK 1,210 million
  • Earnings per share excl. MoS SEK 1.14 (2.40). Earnings per share SEK 3.32
  • Orders received SEK 23,547 million (29,709)
  • Order backlog SEK 43,638 million (49,899)
  • Cash flow before financing SEK -3,229 million (-1,863)
  • Net debt SEK 11,717 million (6,333)
  • Net debt/equity ratio 0.8 (0.5)

Group

MSEK Apr-Jun
2023		 Apr-Jun
2022		 Jan-Jun
2023		 Jan-Jun
2022		 Jul-Jun
2022/2023		 Jan-Dec
2022
Mkr Apr-jun
2023		 Apr-jun
2022		 Jan-Jun
2023		 Jan-jun
2022		 Jul-jun
2022/2023		 Jan-dec
2022
Segment reporting Segmentsredovisning
Net sales Nettoomsättning 15,756 16,858 28,446 29,402 62,179 63,135
Operating profit Rörelseresultat 1,090 885 934 895 2,780 2,741
Operating margin, % Rörelsemarginal, % 6.9 5.2 3.3 3.0 4.5 4.3
Pre-tax profit Resultat före skatt 1,406 881 1,210 889 2,991 2,670
Profit for the period Periodens resultat 1,110 694 956 707 2,286 2,037
Earnings per share, SEK Resultat per aktie, kr 3.86 2.36 3.32 2.40 7.90 6.98
Return on equity, % 1)  Räntabilitet på eget kapital, % 1) 15.5 18.5 15.5 18.5 15.5 14.0
Return on capital employed, % 1)  Räntabilitet på sysselsatt kapital, % 1) 12.7 15.3 12.7 15.3 12.7 12.2
Net debt Nettoskuld 11,717 6,333 11,717 6,333 11,717 6,899
Net debt/equity ratio, multiple Nettoskuldsättningsgrad, ggr 0.8 0.5 0.8 0.5 0.8 0.5
Equity/assets ratio, % Soliditet, % 31.5 32.8 31.5 32.8 31.5 34.7
Cash flow before financing Kassaflöde före finansiering -2,321 -1,540 -3,229 -1,863 -3,321 -1,955
Average number of employees Medeltal antal anställda 13,805 13,942 13,538 13,453 14,256 14,211
Reporting according to IFRS Redovisning enligt IFRS
Net sales, IFRS Nettoomsättning, IFRS 16,098 16,458 29,076 28,595 62,414 61,933
Operating profit, IFRS Rörelseresultat, IFRS 1,197 775 1,204 755 3,006 2,557
Pre-tax profit, IFRS Resultat före skatt, IFRS 1,503 761 1,458 726 3,172 2,440
Profit for the period, IFRS Periodens resultat, IFRS 1,188 590 1,153 562 2,422 1,831
Earnings per share, IFRS, SEK Resultat per aktie, IFRS, kr 4.13 2.01 4.01 1.91 8.37 6.27
Net debt, IFRS Nettoskuld, IFRS 19,743 15,869 19,743 15,869 19,743 16,681
Equity/assets ratio, IFRS, % Soliditet, IFRS, % 25.9 25.5 25.9 25.5 25.9 27.0
Cash flow before financing, IFRS Kassaflöde före finansiering, IFRS -1,373 -2,398 -1,552 -3,175 -1,536 -3,159

 

1) Calculated on rolling 12 months
Net sales
Operating profit
Orders received