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Five-year review

MSEK 2021   2020   2019   20181) 20171)
Income statement items, segment reporting          
Net sales 60,026 57,417 55,349 52,233 49,981
Operating profit 3,098 3,541 2,610 2,573 2,418
Pre-tax items 3,076 3,433 2,579 2,518 2,458
Profit for the year 2,507 2,948 2,138 2,100 2,067
 
Income statement items, IFRS		          
Net sales 58,923 59,852 53,303 52,233 49,981
Operating profit 2,975 3,922 3,285 2,573 2,418
Pre-tax items 2,902 3,745 3,227 2,518 2,458
Profit for the year 2,377 3,181 2,656 2,100 2,067

Balance sheet items, segment reporting		          
Fixed assets 12,620 12,037 11,175 9,872 9,706
Fixed assets, interest-bearing 1,208 1,257 1,086 1,445 1,520
Current assets 23,209 22,257 25,584 23,983 19,893
Current assets, interest-bearing 3,293 1,053 517 2,016 1,006
Total assets 40,330  36,604 38,362 37,316 32,125
           
Shareholders' equity 14,656 13,251 12,479 11,348 10,332
Long-term liabilities 1,950 1,794 1,162 1,100 1,041
Long-term liabilities, interest-bearing 3,865 2,754 3,266 5,194 2,573
Current liabilities 16,819 15,376 15,583 17,856 17,010
Current liabilities, interest-bearing 3,040 3,429 5,872 1,818 1,169
Total shareholders' equity and liabilities 40,330  36,604 38,362 37,316 32,125
           

Balance sheet items, IFRS		          
Fixed assets 14,163 13,560 12,001 9,872 9,706
Fixed assets, interest-bearing 1,208 1,257 1,086 1,445 1,520
Current assets 28,506 26,294 30,084 23,983 19,893
Current assets, interest-bearing 3,293 1,053 517 2,016 1,006
Total assets 47,170  42,164 43,688 37,316 32,125
           
Shareholders' equity 13,682 12,443 11,559 11,348 10,332
Long-term liabilities 1,906 1,752 1,086 1,100 1,041
Long-term liabilities, interest-bearing 5,627 4,364 4,129 5,194 2,573
Current liabilities 16,566 15,977 16,266 17,856 17,010
Current liabilities, interest-bearing 9,389 7,628 10,648 1,818 1,169
Total shareholders' equity and liabilities 47,170  42,164 43,688 37,316 32,125

Key ratios, segment reporting		          
Operating margin, percent 5.2 6.2 4.7 4.9 4.8
Shareholders' equity, average during the year 13,569 12,772 11,944 10,371 9,705
Shareholders' equity, attributable to owners of the parent, average during the year 13,568 12,771 11,942

 10,730

 9,704
Return on equity, percent 18.5 23.1 17.9 19.6 21.3
Capital employed, at year-end 21,561 19,434 21,617 18,360 14,074
Capital employed, average during the year 20,445 20,709 21,421 16,761 13,972
Return on capital employed, percent 15.6 17.6 12.8 15.9 18.7
Equity/assets ratio, percent 36.3 36.2 32.5 30.4 32.2
Net debt 2,404 3,873 7,535 3,551 1,216
Debt/equity ratio, multiple 0.2 0.3 0.6 0.3 0.1
Interest coverage ratio, multiple 24.3 28.5 18.7 21.6 21.8

Key ratios, IFRS		          
Operating margin, percent 5.0 6.6 5.8 4.9 4.8
Shareholders' equity, average during the year 12,598 12,230 10,940 10,371 9,705
Shareholders' equity, attributable to owners of the parent, average during the year 12,597 12,229 10,938

 10,730

 9,704
Return on equity, percent 18.9 26.0 24.3 19.6 21.3
Capital employed, at year-end 28,698 24,435 26,336 18,360 14,074
Capital employed, average during the year 26,602 26,706 25,905 16,761 13,972
Return on capital employed, percent 11.5 15.0 13.2 15.9 18.7
Equity/assets ratio, percent 29.0 29.5 26.5 30.4 32.2
Net debt -10,515 9,682 13,174 3,551 1,216
Debt/equity ratio, multiple 0.8 0.8 1.1 0.3 0.1
Interest coverage ratio, multiple 11.9 12.9 10.6 21.6 21.8

Capital expenditures 2)		          
Goodwill 64 -145 8 23 61 
Other intangible assets 131 74 127 98 113 
Investment properties -74 2 -70 -262 265
Buildings and land 291 398 439 -31 181
Machinery and equipment 1,353 780 1,172 1,193 1,292 
Shares and participations 514 -93 776 169 -563 
Project and development properties, segment reporting 1,067 -1,917 -434 2,103 702 
Project and development properties, IFRS 2,202 -2,842 -444 2,103 702 

Orders 3)		          
Orders received 55,848 49,735 44,130 51,087 48,999
Order backlog 45,318 42,709 42,494 45,819 40,205
 
Personnel		          
Number of employees, at year-end 14,895 15,252 14,258 14,614 14,344
Average number of employees 14,907 15,166 14,309 14,661 14,578


1) Not translated according to the changed accounting principles for tenant-owner associations and IFRS 16, Leasing.
2) For 2020, the amounts are adjusted for the acquisition of paving and mineral aggregates business and the distribution of Annehem Fastigheter.
3) The order situation is based on segment reporting. Regarding our own developed housing projects, tenant-owned associations and housing companies are considered external customers.