Strong end of the year and broadly met targets

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 the accounting principles and the differences between segment reporting and reporting according to IFRS, see note 1 and 3. For information on alternative performance measures, se section Alternative performance measures and definitions.

Summary according to segment reporting  

October – December 2021

  • Net sales SEK 17,520 million (15,424)
  • Operating profit SEK 1,246 million (1,825), the effect of the distribution of Annehem Fastigheter of SEK 952 million was included in the comparable period
  • Operating profit included repayment of AGS premiums of SEK 179 million
  • Operating margin 7.1 percent (11.8), excluding the distribution of Annehem Fastigheter the operating margin was 5.7 percent in the comparable period
  • Pre-tax profit SEK 1,240 million (1,807)
  • Earnings per share SEK 3.62 (5.62)
  • Orders received SEK 14,443 million (12,189)
  • Cash flow before financing SEK 2,465 million (1,763)

January – December 2021

  • Net sales SEK 60,026 million (57,417)
  • Operating profit SEK 3,098 million (3,541), the effect of the distribution of Annehem Fastigheter of SEK 952 million was included in the comparable period
  • Operating margin 5.2 percent (6.2), excluding the distribution of Annehem Fastigheter the operating margin was 4.5 percent in the comparable period
  • Pre-tax profit SEK 3,076 million (3,433)
  • Earnings per share SEK 8.50 (10.00)
  • Orders received SEK 55,848 million (49,735)
  • Order backlog SEK 45,318 million (42,709)
  • Cash flow before financing SEK 3,041 million (2,779)
  • Net debt SEK 2,404 million (3,873)
  • Net debt/equity ratio 0.2 (0.3)
  • Equity/asset ratio 36.3 percent (36.2)
  • The Board proposes a dividend of SEK 5.00 (4.50) per share

Group

MSEK Oct-Dec
2021		 Oct-Dec
2020		 Jan-Dec
2021		 Jan-Dec
2020
Mkr Okt-dec
2021		 Okt-dec
2020		 Jan-dec
2021		 Jan-dec
2020
Segment reporting Segmentsredovisning
Net sales Nettoomsättning 17,520 15,424 60,026 57,417
Operating profit Rörelseresultat 1,246 1,825 3,098 3,541
Operating margin, % Rörelsemarginal, % 7.1 11.8 5.2 6.2
Pre-tax profit Resultat före skatt 1,240 1,807 3,076 3,433
Profit for the period Periodens resultat 1,067 1,655 2,507 2,948
Earnings per share, SEK Resultat per aktie, kr 3.62 5.62 8.50 10.00
Return on equity, % 1)  Räntabilitet på eget kapital, % 1) 18.5 23.1 18.5 23.1
Return on capital employed, % 1)  Räntabilitet på sysselsatt kapital, % 1) 15.6 17.6 15.6 17.6
Net debt Nettoskuld 2,404 3,873 2,404 3,873
Net debt/equity ratio, % Nettoskuldsättningsgrad, % 0.2 0.3 0.2 0.3
Equity/assets ratio, % Soliditet, % 36.3 36.2 36.3 36.2
Cash flow before financing Kassaflöde före finansiering 2,465 1,763 3,041 2,779
Average number of employees 1) Medelantalet anställda 1) 15,454 15,166 15,454 15,166
Reporting according to IFRS Redovisning enligt IFRS
Net sales, IFRS Nettoomsättning, IFRS 17,504 15,989 58,923 59,852
Operating profit, IFRS Rörelseresultat, IFRS 1,309 1,942 2,975 3,922
Pre-tax profit, IFRS Resultat före skatt, IFRS 1,291 1,910 2,902 3,745
Profit for the period, IFRS Periodens resultat, IFRS 1,121 1,729 2,377 3,181
Earnings per share, IFRS, SEK Resultat per aktie, IFRS, kr 3.80 5.87 8.06 10.79
Net debt, IFRS Nettoskuld, IFRS 10,515 9,682 10,515 9,682
Equity/assets ratio, IFRS, % Soliditet, IFRS, % 29.0 29.5 29.0 29.5
Cash flow before financing, IFRS Kassaflöde före finansiering, IFRS 1,619 1,958 1,052 3,753
1) Calculated on rolling 12 months
Net sales
Operating profit
Orders received