Quarterly report January – September 2018
Group net sales for January-September 2018 amounted to SEK 37,388 million (35,491), which was an increase of five percent. After adjustments for acquired and divested units net sales increased by four percent compared to the same period last year.
Operating profit for January-September 2018 amounted to SEK 1,710 million compared to SEK 1,665 million for the same period last year.
Orders received for January-September 2018 amounted to SEK 40,636 million compared to SEK 35,960 million for the same period last year. Order backlog amounted to SEK 48,036 million compared to SEK 40,205 million at the end of 2017.
Group 1)
| MSEK | Jul-Sep 2018 | Jul-Sep 2017 | Jan-Sep 2018 | Jan-Sep 2017 | Oct-Sep 2017/2018 | Jan-Dec 2017 | |
| Mkr | Jul-sep 2018 | Jul-sep 2017 | Jan-sep 2018 | Jan-sep 2017 | Okt-sep 2017/2018 | Jan-dec 2017 | |
| Net sales | Nettoomsättning | 12,445 | 11,595 | 37,388 | 35,491 | 51,878 | 49,981 |
| Operating profit | Rörelseresultat | 743 | 714 | 1,710 | 1,665 | 2,463 | 2,418 |
| Operating margin, % | Rörelsemarginal, % | 6.0 | 6.2 | 4.6 | 4.7 | 4.7 | 4.8 |
| Pre-tax profit | Resultat före skatt | 750 | 705 | 1,679 | 1,633 | 2,504 | 2,458 |
| Profit for the period | Periodens resultat | 604 | 585 | 1,394 | 1,387 | 2,074 | 2,067 |
| Earnings per share, SEK | Resultat per aktie, kr | 2.05 | 1.98 | 4.73 | 4.70 | 7.04 | 7.01 |
| Return on equity, % | Räntabilitet på eget kapital, % | 19.8 2) | 20.1 2) | 19.8 2) | 20.1 2) | 19.8 | 21.3 |
| Net debt | Nettoskuld | 4,441 | 2,347 | 4,441 | 2,347 | 4,441 | 1,216 |
| Equity/assets ratio, % | Soliditet, % | 29.4 | 30.4 | 29.4 | 30.4 | 29.4 | 32.2 |
| Cash flow before financing | Kassaflöde före finansiering | -876 | 104 | -1,970 | 787 | -462 | 2,295 |
| Number of employees at the end of the period | Antal anställda vid periodens utgång | 14,866 | 14,606 | 14,866 | 14,606 | 14,866 | 14,344 |
1) Recalculated taking IFRS 15 into account. 2) Calculated on rolling 12 months.
Financial goals 3)
Goal > 25%
The goal for the equity/assets ratio is at least 25 percent. On 30 September 2018 the equity/assets ratio was 29.4 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.
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 19.8 percent (20.1). For full year 2017 the return on equity amounted to 21.3 percent.
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.