The market continues to be divided

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  

July – September 2023

  • Net sales SEK 14,736 million (16,685)
  • Operating profit SEK 786 million (993)
  • Operating margin 5.3 percent (6.0)
  • Pre-tax profit SEK 654 million (963)
  • Earnings per share SEK 1.85 (2.69)
  • Orders received SEK 11,034 million (13,095)
  • Cash flow before financing SEK 450 million (805)

January – September 2023

  • Arbitration decision handed down in the case of Mall of Scandinavia (MoS)
  • Net sales SEK 43,182 million (46,087)
  • Operating profit  SEK 1,720 million (1,888). Operating profit excl. MoS SEK 1,320 million
  • Operating margin 4.0 percent (4.1). Operating margin excl. MoS 3.1 percent
  • Pre-tax profit SEK 1,864 million (1,852). Pre-tax profit excl. MoS SEK 1,074 million
  • Earnings per share SEK 5.17 (5.09). Earnings per share excl. MoS SEK 2.99
  • Orders received SEK 34,581 million (42,804)
  • Order backlog SEK 41,669 million (48,762)
  • Cash flow before financing SEK -2,779 million (-1,058)
  • Net debt SEK 10,173 million (5,886)
  • Net debt/equity ratio 0.7 (0.4)

Group

MSEK Jul-Sep
2023		 Jul-Sep
2022		 Jan-Sep
2023		 Jan-Sep
2022		 Oct-Sep
2022/2023		 Jan-Dec
2022
Mkr Jul-Sep
2023		 Jul-sep
2022		 Jan-sep
2023		 Jan-sep
2022		 Okt-sep
2022/2023		 Jan-dec
2022
Segment reporting Segmentsredovisning
Net sales Nettoomsättning 14,736 16,685 43,182 46,087 60,230 63,135
Operating profit Rörelseresultat 786 993 1,720 1,888 2,573 2,741
Operating margin, % Rörelsemarginal, % 5.3 6.0 4.0 4.1 4.3 4.3
Pre-tax profit Resultat före skatt 654 963 1,864 1,852 2,682 2,670
Profit for the period Periodens resultat 530 788 1,486 1,495 2,028 2,037
Earnings per share, SEK Resultat per aktie, kr 1.85 2.69 5.17 5.09 7.06 6.98
Return on equity, % 1)  Räntabilitet på eget kapital, % 1) 13.6 17.7 13.6 17.7 13.6 14.0
Return on capital employed, % 1)  Räntabilitet på sysselsatt kapital, % 1) 11.5 14.3 11.5 14.3 11.5 12.2
Net debt Nettoskuld 10,173 5,886 10,173 5,886 10,173 6,899
Net debt/equity ratio, multiple Nettoskuldsättningsgrad, ggr 0.7 0.4 0.7 0.4 0.7 0.5
Equity/assets ratio, % Soliditet, % 32.5 33.5 32.5 33.5 32.5 34.7
Cash flow before financing Kassaflöde före finansiering 450 805 -2,779 -1,058 -3,676 -1,955
Average number of employees Medeltal antal anställda 14,363 15,211 13,821 14,053 14,037 14,211
Reporting according to IFRS Redovisning enligt IFRS
Net sales, IFRS Nettoomsättning, IFRS 15,159 16,197 44,235 44,792 61,376 61,933
Operating profit, IFRS Rörelseresultat, IFRS 911 916 2,115 1,671 3,001 2,557
Pre-tax profit, IFRS Resultat före skatt, IFRS 769 874 2,227 1,600 3,067 2,440
Profit for the period, IFRS Periodens resultat, IFRS 624 711 1,777 1,273 2,335 1,831
Earnings per share, IFRS, SEK Resultat per aktie, IFRS, kr 2.17 2.43 6.18 4.34 8.11 6.27
Net debt, IFRS Nettoskuld, IFRS 17,740 15,789 17,740 15,789 17,740 16,681
Equity/assets ratio, IFRS, % Soliditet, IFRS, % 27.2 25.9 27.2 25.9 27.2 27.0
Cash flow before financing, IFRS Kassaflöde före finansiering, IFRS 1,052 520 -500 -2,655 -1,004 -3,159

 

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