Five-year review

MSEK 2019 2018
 
2017
 
2016
 
2015 1)
 

Income statement items          
Net sales 54,008 52,233 49,981 46,054 44,376
Operating profit 2,568 2,573 2,418 2,044 1,009
Pre-tax items 2,510 2,518 2,458 1,996 906
Profit for the year 2,092 2,100 2,067 1,685 798

Balance sheet items
         
Fixed assets 12,889 11,317 11,226 9,901 9,323
Current assets 25,840 25,999 20,899 21,448 18,718
Total assets 38,729 37,316 32,125 31,349 28,041
           
Shareholders' equity 12,266 11,348 10,332 9,340 8,076
Long-term liabilities 6,779 6,294 3,614 3,864 4,505
Current liabilities 19,684 19,674 18,179 18,145 15,460
Total shareholders' equity and liabilities 38,729 37,316 32,125 31,349 28,041

Key ratios
         
Operating margin, percent 4.8 4.9 4.8 4.4 2.3
Shareholders' equity, average during the year 11,703 10,371 9,705 8,579 8,088
Shareholders' equity, attributable to owners of the parent, average during the year 11,701

10,730

9,704

8,579

8,088

Return on equity, percent 17.9 19.6 21.3 19.6 9.9
Capital employed, at year-end 2) 21,376 18,360 14,074 14,362 14,476
Capital employed, average during the year 2) 20,633 16,761 13,972 14,122 14,224
Return on capital employed, percent 13.1 15.9 18.7 15.9 8.2
Equity/assets ratio, percent 3) 31.7 30.4 32.2 29.8 28.8
Net debt 4) 7,507 3,551 1,216 1,862 3,118
Debt/equity ratio, multiple 0.6 0.3 0.1 0.2 0.4
Interest coverage ratio, multiple 15.5 21.6 21.8 12.9 5.5

Capital expenditures
         
Goodwill 8 23 61  40 -17
Other intangible assets 126 98 113  34 5
Investment properties -70 -262 265 - -
Buildings and land 440 -31 181 200 -94
Machinery and equipment 1,172 1,193 1,292  1,175 627
Shares and participations 1,164 169 -563  303 -210
Project and development properties 1,549 2,103 702  324 291

Orders
         
Orders received 5) 44,130 51,087 48,999 41,445 37,812
Order backlog 5) 42,494 45,819 40,205 33,572 26,991
 
Personnel
         
Numer of employees, at year-end 14,258 14,614 14,344 13,869 13,300
Average number of employees 14,309 14,661 14,578 13,712 13,036


1) Not recalculated according to IFRS 15.
2) Excluding additional IFRS 16, Leases the capital employed was SEK 20,615 million per December 31 2019.
3) Excluding additional IFRS 16, Leases the equity/assets ratio was 32.3 percent per December 31 2019.
4) Excluding additional IFRS 16, Leases net debt was SEK 6,743 million per December 31 2019.
5) As of 2017 certain sections of Industry’s orders received and order backlog are presented.

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