Five-year review

MSEK 2019 1) 2018 
 
2017 
 
2016 
 
2015 2)
 

Income statement items, segment reporting          
Net sales 55,349 52,233 49,981 46,054 44,376
Operating profit 2,610 2,573 2,418 2,044 1,009
Pre-tax items 2,579 2,518 2,458 1,996 906
Profit for the year 2,138 2,100 2,067 1,685 798
 
Income statement items, IFRS
         
Net sales 53,303 52,233 49,981 46,054 44,376
Operating profit 3,285 2,573 2,418 2,044 1,009
Pre-tax items 3,227 2,518 2,458 1,996 906
Profit for the year 2,656 2,100 2,067 1,685 798

Balance sheet items, segment reporting
         
Fixed assets 12,261 11,317 11,226 9,901 9,323
Current assets 26,101 25,999 20,899 21,448 18,718
Total assets 38,362 37,316 32,125 31,349 28,041
           
Shareholders' equity 12,479 11,348 10,332 9,340 8,076
Long-term liabilities 4,428 6,294 3,614 3,864 4,505
Current liabilities 21,455 19,674 18,179 18,145 15,460
Total shareholders' equity and liabilities 38,362 37,316 32,125 31,349 28,041
           

Balance sheet items, IFRS
         
Fixed assets 13,087 11,317 11,226 9,901 9,323
Current assets 30,601 25,999 20,899 21,448 18,718
Total assets 43,688 37,316 32,125 31,349 28,041
           
Shareholders' equity 11,559 11,348 10,332 9,340 8,076
Long-term liabilities 5,215 6,294 3,614 3,864 4,505
Current liabilities 26,914 19,674 18,179 18,145 15,460
Total shareholders' equity and liabilities 43,688 37,316 32,125 31,349 28,041

Key ratios, segment reporting
         
Operating margin, percent 4.7 4.9 4.8 4.4 2.3
Shareholders' equity, average during the year 11,944 10,371 9,705 8,579 8,088
Shareholders' equity, attributable to owners of the parent, average during the year 11,942

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 21,617 18,360 14,074 14,362 14,476
Capital employed, average during the year 21,421 16,761 13,972 14,122 14,224
Return on capital employed, percent 12.8 15.9 18.7 15.9 8.2
Equity/assets ratio, percent 32.5 30.4 32.2 29.8 28.8
Net debt 7,535 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 18.7 21.6 21.8 12.9 5.5

Key ratios, IFRS
         
Operating margin, percent 5.8 4.9 4.8 4.4 2.3
Shareholders' equity, average during the year 10,940 10,371 9,705 8,579 8,088
Shareholders' equity, attributable to owners of the parent, average during the year 10,938

10,730

9,704

8,579

8,088

Return on equity, percent 24.3 19.6 21.3 19.6 9.9
Capital employed, at year-end 26,336 18,360 14,074 14,362 14,476
Capital employed, average during the year 25,905 16,761 13,972 14,122 14,224
Return on capital employed, percent 13.2 15.9 18.7 15.9 8.2
Equity/assets ratio, percent 26.5 30.4 32.2 29.8 28.8
Net debt 13,174 3,551 1,216 1,862 3,118
Debt/equity ratio, multiple 1.1 0.3 0.1 0.2 0.4
Interest coverage ratio, multiple 19.6 21.6 21.8 12.9 5.5

Capital expenditures
         
Goodwill 8 23 61  40 -17
Other intangible assets 127 98 113  34 5
Investment properties -70 -262 265 - -
Buildings and land 439 -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, segment reporting -267 2,103 702  324 291
Project and development properties, IFRS -244 2,103 702  324 291

Orders 3, 4)
         
Orders received 44,130 51,087 48,999 41,445 37,812
Order backlog 42,494 45,819 40,205 33,572 26,991
 
Personnel
         
Number 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) As of the fiscal year 2020 Peab consolidates projects with Swedish tenant-owned associations until the point in time the homebuyers take possession of their condominiums. The difference consists primarily of the disparities in accounting principles for our own developed housing projects where income and expenses are recognized over time in segment reporting and at certain point in time, when homebuyers take possession of their homes, in reporting according to IFRS. Comparable figures for 2019 have been translated. For more information see peab.com/ifrs.
2) Not recalculated according to IFRS 15.
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. 
4) As of 2017 certain sections of Industry’s orders received and order backlog are presented.

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