Five-year overview
| Income statement summary, SEK millions | 2023 | 2022 | 2021 | 2020 1) | 2019 1) |
| Net Sales | 4,088.3 | 3,513.0 | 2,898.7 | 2,366.9 | 2,136.7 |
| Other income | 19.7 | 10.5 | 8.8 | 15.3 | 4.0 |
| Personnel expenses | -2,648.4 | -2,141.5 | -1,801.1 | -1,587.0 | -1,413.7 |
| Other external expenses | -1,014 | -967.3 | -829.8 | -583.5 | -538.0 |
| Participations in associated company earnings | 2.4 | 1.5 | 2.5 | 2.3 | 1.2 |
| Depreciation/amortisation and impairment of non-current assets | -141.8 | -128.9 | -114.8 | -103.8 | -76.8 |
| EBITA | 306.2 | 287.3 | 164.3 | 110.2 | 113.4 |
| Acquisition-related items | -71.2 | -53.0 | -34.6 | -26.4 | -33.9 |
| EBIT | 235.0 | 234.3 | 129.7 | 83.8 | 79.5 |
| Net financial income/expense | -8.3 | 11.5 | 6.3 | -34.0 | -4.5 |
| Profit after net financial income/expense | 226.7 | 245.8 | 136.0 | 49.8 | 75.0 |
| Tax | -41.3 | -49.4 | -25.8 | -17.3 | -15.4 |
| Profit for the year from remaing operations 1) | 185.4 | 196.4 | 110.2 | 32.5 | 59.6 |
| Profit for the year from divested operations | - | - | - | 252.5 | 18.0 |
| Total remaning and divested operations | 185.4 | 196.4 | 110.2 | 285.0 | 77.6 |
| Balance sheet summary, SEK millions | 2023 | 2022 | 2021 | 2020 | 2019 |
| Intangible assets | 1,941.0 | 1,450.0 | 1,047.3 | 912.9 | 836.8 |
| Tangible assets | 52.0 | 44.1 | 40.4 | 34.2 | 20.3 |
| Rights of use | 270.2 | 275.1 | 270.7 | 283.5 | 272.0 |
| Financial assets | 50.5 | 46.4 | 40.6 | 29.6 | 24.2 |
| Deferred tax asset | 14.0 | 14.0 | 20.9 | 20.9 | 44.1 |
| Current receivables | 1,262.0 | 1,010.0 | 777.9 | 621.1 | 764.2 |
| Cash and cash equivalents | 59.2 | 144.8 | 151.9 | 336.6 | 142.0 |
| Total assets | 3,648.9 | 2,984.4 | 2,349.7 | 2,238.9 | 2,103.6 |
| Equity | 1,801.8 | 1,487.1 | 1,215.5 | 1,156.2 | 930.2 |
| Non-current liabilities | 357.7 | 559.5 | 377.2 | 424.5 | 450.4 |
| Current liabilities | 1,489.4 | 937.8 | 757.0 | 658.2 | 723.0 |
| Total liabilities and equity | 3,648.9 | 2,984.4 | 2,349.7 | 2,238.9 | 2,103.6 |
| Cash flow sheet summary, SEK millions | 2023 | 2022 | 2021 | 2020 2) | 2019 |
| Cash flow from operating activities | 265.9 | 275.5 | 170.0 | 331.6 | 245.9 |
| Cash flow from investing activities | -551.7 | -245.6 | -132.4 | 70.7 | -317.6 |
| Cash flow from financing activities | 203.1 | -40.4 | -223.5 | -206.4 | 176.9 |
| Cash flow for the year | -82.7 | -10.8 | -185.9 | 195.9 | 105.2 |
| IFRS key performance indicators | 2023 | 2022 | 2021 | 2020 1) | 2019 1) |
| Earnings per share before dilution, SEK/share | 8.39 | 9.64 | 5.60 | 1.65 | 3.50 |
| Earnings per share after dilution, SEK/share | 8.32 | 9.55 | 5.47 | 1.61 | 3.42 |
| Average number of shares | 21,675,599 | 20207411 | 19687909 | 19687909 | 18487909 |
| Number of shares at the end of the period | 22,106,849 | 20381849 | 19687909 | 19687909 | 19687909 |
| Alternative performance measures | |||||
| Growth | 2023 | 2022 | 2021 | 2020 1) | 2019 1) |
| Organic growth, % | 5.0 | 11.7 | 11.8 | -2.2 | 8.2 |
| Aquired growth, % | 8.7 | 7.4 | 11.8 | 11.2 | 3.9 |
| Currency effect, %, % | 2.7 | 2.1 | -1.1 | -1.9 | 0.1 |
| Profit | 2023 | 2022 | 2021 | 2020 1) | 2019 1) |
| Adjusted EBITA, SEK million | 326.2 | 287.3 | 182.5 | 128.6 | 113.4 |
| Adjusted EBITA margin, % | 8.0 | 8.2 | 6.3 | 5.4 | 5.3 |
| Items affecting comparability, SEK million | 20.0 | - | 18.2 | 18.4 | - |
| EBITA, SEK million | 306.2 | 287.3 | 164.3 | 110.2 | 113.4 |
| EBITA margin, % | 7.5 | 8.2 | 5.7 | 4.7 | 5.3 |
| Operating profit (EBIT), SEK million | 235.0 | 234.3 | 129.7 | 83.8 | 79.5 |
| Operating margin, % | 5.7 | 6.7 | 4.5 | 3.5 | 3.8 |
| Key figures per employee | 2023 | 2022 | 2021 | 2020 1) | 2019 1) |
| Sales per full-time employee, SEK thousand | 1,361 | 1,376 | 1,290 | 1,121 | 1,176 |
| Operating profit per full-time employee, SEK thousand | 78 | 92 | 58 | 40 | 44 |
| Balance sheet | 2023 | 2022 | 2021 | 2020 1) | 2019 1) |
| Net indebtedness, SEK million | 627.6 | 391.3 | 304.1 | 213.8 | 405.5 |
| Net debt / EBITDA, multiple | 1.40 | 0.94 | 1.09 | 1.08 | 1.5 |
| Equity/assets ratio, % | 49.4 | 49.8 | 51.7 | 51.6 | 44.2 |
| Equity per share at the end of the period, SEK | 81.5 | 73.0 | 61.7 | 58.7 | 47.3 |
| Return on equity, % | 13.8 | 18.2 | 11.5 | 26.1 | 11.7 |
| Return on capital employed, % | 13.7 | 14.5 | 10.3 | 28.9 | 9.4 |
| Other | 2023 | 2022 | 2021 | 2020 1) | 2019 1) |
| Dividend per share, SEK 3) | 4.5 | 3.0 | 6.5 | 0.0 | 1.50 |
| Number of full-time employees | 3,004 | 2,553 | 2,247 | 2,110 | 1,820 |
| Number of employees at end of period | 3,254 | 2,773 | 2,464 | 2,330 | 2,218 |
| Utilisation, % | 79.6 | 80.7 | 79.2 | 76.0 | 76.8 |
1) 2020 and 2019, remaining operations after the divestment of Embriq
2) Incl Embriq to 31st Aug 2020
3) For the 2024 AGM, the Board of Directors proposes a dividend of SEK 4.50 per share
Justification, definition and calculation of key figures >>
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