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  

October – December 2023

  • Adjustment of operations, provisions, write-downs and restructuring for a total of SEK -525 million
  • Net sales SEK 15,639 million (17,048)
  • Operating profit SEK 133 million (853)
  • Operating margin 0.9 percent (5.0)
  • Pre-tax profit SEK 31 million (818)
  • Earnings per share SEK -0.25 (1.89)
  • Orders received SEK 10,527 million (10,455)
  • Cash flow before financing SEK 1,462 million (-897)

January – December 2023

  • Arbitration decision handed down in the case of Mall of Scandinavia (MoS)
  • Net sales SEK 58,821 million (63,135)
  • Operating profit  SEK 1,853 million (2,741)
  • Operating margin 3.2 percent (4.3)
  • Pre-tax profit SEK 1,895 million (2,670)
  • Earnings per share SEK 4.92 (6.98)
  • Orders received SEK 45,108 million (53,259)
  • Order backlog SEK 39,060 million (44,389)
  • Cash flow before financing SEK -1,317 million (-1,955)
  • Net debt SEK 8,676 million (6,899)
  • Net debt/equity ratio 0.6 (0.5)
  • The Board proposes a dividend of SEK 1.50 (4.00) per share

Group

MSEK Oct-Dec
2023		 Oct-Dec
2022		 Jan-Dec
2023		 Jan-Dec
2022
Mkr Okt-dec
2023		 Okt-dec
2022		 Jan-dec
2023		 Jan-dec
2022
Segment reporting Segmentsredovisning
Net sales Nettoomsättning 15,639 17,048 58,821 63,135
Operating profit Rörelseresultat 133 853 1,853 2,741
Operating margin, % Rörelsemarginal, % 0.9 5.0 3.2 4.3
Pre-tax profit Resultat före skatt 31 818 1,895 2,670
Profit for the period Periodens resultat -72 542 1,414 2,037
Earnings per share, SEK Resultat per aktie, kr -0.25 1.89 4.92 6.98
Return on equity, % 1)  Räntabilitet på eget kapital, % 1) 9.5 14.0 9.5 14.0
Return on capital employed, % 1)  Räntabilitet på sysselsatt kapital, % 1) 8.7 12.2 8.7 12.2
Net debt Nettoskuld 8,676 6,899 8,676 6,899
Net debt/equity ratio, multiple Nettoskuldsättningsgrad, ggr 0.6 0.5 0.6 0.5
Equity/assets ratio, % Soliditet, % 34.0 34.7 34.0 34.7
Cash flow before financing Kassaflöde före finansiering 1,462 -897 -1,317 -1,955
Average number of employees Medeltal antal anställda 13,771 14,675 13,808 14,211
Reporting according to IFRS Redovisning enligt IFRS
Net sales, IFRS Nettoomsättning, IFRS 17,365 17,141 61,600 61,933
Operating profit, IFRS Rörelseresultat, IFRS 471 886 2,586 2,557
Pre-tax profit, IFRS Resultat före skatt, IFRS 359 840 2,586 2,440
Profit for the period, IFRS Periodens resultat, IFRS 211 558 1,988 1,831
Earnings per share, IFRS, SEK Resultat per aktie, IFRS, kr 0.74 1.93 6.92 6.27
Net debt, IFRS Nettoskuld, IFRS 14,537 16,681 14,537 16,681
Equity/assets ratio, IFRS, % Soliditet, IFRS, % 29.4 27.0 29.4 27.0
Cash flow before financing, IFRS Kassaflöde före finansiering, IFRS 3,155 -504 2,655 -3,159

 

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