| Quarterly review (Q) Continuing operations
|
|
|
2007 Q3
|
2007 Q4
|
2008 Q1
|
2008 Q2
|
2008 Q3
|
| Amounts in SEKm unless otherwise indicated
|
IFRS
|
IFRS
|
IFRS
|
IFRS
|
IFRS
|
| Income statement and capex
|
| Net sales
|
26 374
|
27 643
|
24 193
|
25 587
|
26 349
|
| Items affecting comparability
|
0
|
-331
|
34
|
-539
|
108
|
| EBITDA excl. items affecting comparability
|
1 775
|
2 738
|
650
|
1 488
|
1 928
|
| Operating income excl. items affecting comparability
|
1 152
|
2 007
|
-39
|
793
|
1 178
|
| Income after financial items excl. items affecting comparability
|
1 037
|
1 907
|
-183
|
679
|
1 084
|
| Capital expenditure
|
815
|
895
|
497
|
779
|
851
|
|
|
|
|
|
|
|
| Sales growth
|
| Changes in Group structure, %
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
|
| Changes in exchange rates, %
|
-2.6
|
-1.2
|
-2.3
|
-3.2
|
-1.7
|
| Price, mix and volume, %
|
3.7
|
0.3
|
-0.7
|
2.4
|
1.6
|
| Total sales growth, %
|
1.1
|
-0.9
|
-3.0
|
-0.8
|
-0.1
|
|
|
|
|
|
|
|
| Margins excl. items affecting comparability
|
| EBITDA margin, %
|
6.7
|
9.9
|
2.7
|
5.8
|
7.3
|
| Operating margin, %
|
4.4
|
7.3
|
-0.2
|
3.1
|
4.5
|
| Income after financial items as % of net sales
|
3.9
|
6.9
|
-0.8
|
2.7
|
4.1
|
| Capital expenditure as % of net sales
|
3.1
|
3.2
|
2.1
|
3.0
|
3.2
|
|
|
|
|
|
|
|
| Financial position
|
| Total assets
|
64 548
|
66 153
|
62 908
|
66 770
|
70 291
|
| Net assets
|
20 879
|
20 743
|
20 018
|
19 574
|
21 716
|
| Working capital
|
-1 113
|
-2 129
|
-1 651
|
-2 873
|
-2 355
|
| Trade receivables
|
20 856
|
20 379
|
19 210
|
20 162
|
21 631
|
| Inventories
|
13 648
|
12 398
|
12 603
|
13 360
|
14 057
|
| Accounts payable
|
14 977
|
14 788
|
14 440
|
16 191
|
16 422
|
| Total equity
|
14 359
|
16 040
|
14 826
|
14 357
|
16 002
|
| Equity (Not appliacable to IFRS periods)
|
|
|
|
|
|
| Interest-bearing liabilities
|
10 460
|
11 163
|
10 473
|
11 641
|
11 984
|
| Net borrowings
|
6 520
|
4 703
|
5 192
|
5 217
|
5 714
|
|
|
|
|
|
|
|
| Data per share
|
| Earnings per share, SEK
|
2.71
|
4.00
|
-0.38
|
0.36
|
2.99
|
| Earnings per share excl. items affecting comparability, SEK
|
2.71
|
5.14
|
-0.50
|
1.74
|
2.90
|
| Net income per share, SEK (Not applicable to IFRS periods)
|
|
|
|
|
|
| Net income per share excl. items affecting comparability, SEK (Not applicable to IFRS periods)
|
|
|
|
|
|
| Equity per share, SEK
|
50.99
|
56.95
|
52.32
|
50.63
|
56.43
|
| Trading price of B-share at end of period, SEK
|
136.50
|
108.50
|
97.50
|
77.00
|
79.75
|
| Average no. of shares, millions
|
281.6
|
281.6
|
282.1
|
283.5
|
283.6
|
|
|
|
|
|
|
|
| Key ratios
|
| Value creation
|
443
|
1 314
|
-695
|
175
|
532
|
| Net debt/equity ratio
|
0.45
|
0.29
|
0.35
|
0.36
|
0.36
|
|
|
|
|
|
|
|
| Other
|
| Average number of employees
|
57 278
|
57 774
|
55 753
|
55 212
|
56 174
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| YTD
|
2007 Q3
|
2007 Q4
|
2008 Q1
|
2008 Q2
|
2008 Q3
|
|
|
IFRS
|
IFRS
|
IFRS
|
IFRS
|
IFRS
|
| Income statement and capex
|
| Net sales
|
77 089
|
104 732
|
24 193
|
49 780
|
76 129
|
| Items affecting comparability
|
-31
|
-362
|
34
|
-505
|
-397
|
| EBITDA excl. items affecting comparability
|
4 837
|
7 575
|
650
|
2 138
|
4 066
|
| Operating income excl. items affecting comparability
|
2 830
|
4 837
|
-39
|
754
|
1 932
|
| Income after financial items excl. items affecting comparability
|
2 490
|
4 397
|
-183
|
496
|
1 580
|
| Capital expenditure
|
2 535
|
3 430
|
497
|
1 276
|
2 127
|
|
|
|
|
|
|
|
| Sales growth
|
| Changes in Group structure, %
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
|
| Changes in exchange rates, %
|
-3.9
|
-3.1
|
-2.3
|
-2.9
|
-2.0
|
| Price, mix and volume, %
|
5.4
|
4.0
|
-0.7
|
1.1
|
0.8
|
| Total sales growth, %
|
1.5
|
0.9
|
-3.0
|
-1.8
|
-1.2
|
|
|
|
|
|
|
|
| Margins excl. items affecting comparability
|
| EBITDA margin, %
|
6.3
|
7.2
|
2.7
|
4.3
|
5.3
|
| Operating margin, %
|
3.7
|
4.6
|
-0.2
|
1.5
|
2.5
|
| Income after financial items as % of net sales
|
3.2
|
4.2
|
-0.8
|
1.0
|
2.1
|
| Capital expenditure as % of net sales
|
3.3
|
3.3
|
2.1
|
2.6
|
2.8
|
|
|
|
|
|
|
|
| Financial position
|
| Total assets
|
64 548
|
66 153
|
62 908
|
66 770
|
70 291
|
| Net assets
|
20 879
|
20 743
|
20 018
|
19 574
|
21 716
|
| Working capital
|
-1 113
|
-2 129
|
-1 651
|
-2 873
|
-2 355
|
| Trade receivable
|
20 856
|
20 379
|
19 210
|
20 162
|
21 631
|
| Inventories
|
13 648
|
12 398
|
12 603
|
13 360
|
14 057
|
| Accounts payable
|
14 977
|
14 788
|
14 440
|
16 191
|
16 422
|
| Total equity
|
14 359
|
16 040
|
14 826
|
14 357
|
16 002
|
| Equity
|
|
|
|
|
|
| Interest-bearing liabilities
|
10 460
|
11 163
|
10 473
|
11 641
|
11 984
|
| Net borrowings
|
6 520
|
4 703
|
5 192
|
5 217
|
5 714
|
|
|
|
|
|
|
|
| Data per share
|
| Earnings per share, SEK
|
6.41
|
10.41
|
-0.38
|
-0.02
|
2.97
|
| Earnings per share excl. items affecting comparability, SEK
|
6.52
|
11.66
|
-0.50
|
1.24
|
4.14
|
| Net income per share, SEK (Not applicable to IFRS periods)
|
|
|
|
|
|
| Net income per share excl. items affecting comparability, SEK (Not applicable to IFRS periods)
|
|
|
|
|
|
| Equity per share, SEK
|
50.99
|
56.95
|
52.32
|
50.63
|
56.43
|
| Trading price of B-share at end of period, SEK
|
136.50
|
108.50
|
97.50
|
77.00
|
79.75
|
| Average no. of shares, millions
|
208.9
|
281.0
|
282.1
|
283.5
|
283.0
|
|
|
|
|
|
|
|
| Key ratios
|
| Value creation
|
739
|
2 053
|
-695
|
-520
|
12
|
| Return on equity, %
|
17.1
|
20.3
|
-2.7
|
-0.1
|
7.4
|
| Return on net assets, %
|
18.1
|
21.7
|
-0.1
|
2.5
|
10.1
|
| Return on net assets, excluding discontinued operations , %
|
|
|
|
|
|
| Net debt/equity ratio
|
0.45
|
0.29
|
0.35
|
0.36
|
0.36
|
|
|
|
|
|
|
|
| Other
|
| Average number of employees
|
56 779
|
57 774
|
55 753
|
55 934
|
55 963
|
Tables in Excel format
