Stable profit in challenging times

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  

October – December 2022

  • Net sales SEK 17,048 million (17,520)
  • Operating profit SEK 853 million (1,246). The comparable quarter included repayment of AGS premiums of SEK 179 million
  • Operating margin 5.0 percent (7.1)
  • Pre-tax profit SEK 818 million (1,240)
  • Earnings per share SEK 1.89 (3.62)
  • Orders received SEK 10,455 million (14,443)
  • Cash flow before financing SEK -897 million (2,465)

January – December 2022

  • Net sales SEK 63,135 million (60,026)
  • Operating profit SEK 2,741 million (3,098)
  • Operating margin 4.3 percent (5.2)
  • Pre-tax profit SEK 2,670 million (3,076)
  • Earnings per share SEK 6.98 (8.50)
  • Orders received SEK 53,259 million (55,848)
  • Order backlog SEK 44,389 million (45,318)
  • Cash flow before financing SEK -1,955 million (3,041)
  • Net debt SEK 6,899 million (2,404)
  • Net debt/equity ratio 0.5 (0.2)
  • The Board proposes a dividend of SEK 4.00 (5.00) per share

Group

MSEK Oct-Dec
2022		 Oct-Dec
2021		 Jan-Dec
2022		 Jan-Dec
2021
Mkr Okt-dec
2022		 Okt-dec
2021		 Jan-dec
2022		 Jan-dec
2021
Segment reporting Segmentsredovisning
Net sales Nettoomsättning 17,048 17,520 63,135 60,026
Operating profit Rörelseresultat 853 1,246 2,741 3,098
Operating margin, % Rörelsemarginal, % 5.0 7.1 4.3 5.2
Pre-tax profit Resultat före skatt 818 1,240 2,670 3,076
Profit for the period Periodens resultat 542 1,067 2,037 2,507
Earnings per share, SEK Resultat per aktie, kr 1.89 3.62 6.98 8.50
Return on equity, % 1)  Räntabilitet på eget kapital, % 1) 14.0 18.5 14.0 18.5
Return on capital employed, % 1)  Räntabilitet på sysselsatt kapital, % 1) 12.2 15.6 12.2 15.6
Net debt Nettoskuld 6,899 2,404 6,899 2,404
Net debt/equity ratio, multiple Nettoskuldsättningsgrad, ggr 0.5 0.2 0.5 0.2
Equity/assets ratio, % Soliditet, % 34.7 36.3 34.7 36.3
Cash flow before financing Kassaflöde före finansiering -897 2,465 -1,955 3,041
Number of employees 1) Antal anställda 1) 15,555 15,454 15,555 15,454
Reporting according to IFRS Redovisning enligt IFRS
Net sales, IFRS Nettoomsättning, IFRS 17,141 17,504 61,933 58,923
Operating profit, IFRS Rörelseresultat, IFRS 886 1,309 2,557 2,975
Pre-tax profit, IFRS Resultat före skatt, IFRS 840 1,291 2,440 2,902
Profit for the period, IFRS Periodens resultat, IFRS 558 1,121 1,831 2,377
Earnings per share, IFRS, SEK Resultat per aktie, IFRS, kr 1.93 3.80 6.27 8.06
Net debt, IFRS Nettoskuld, IFRS 16,681 10,515 16,681 10,515
Equity/assets ratio, IFRS, % Soliditet, IFRS, % 27.0 29.0 27.0 29.0
Cash flow before financing, IFRS Kassaflöde före finansiering, IFRS -504 1,619 -3,159 1,052
1) Calculated on rolling 12 months
Net sales
Operating profit
Orders received