Reconciliation of non-IFRS measures to IFRS
Net sales and organic growth
Amounts in SEK million (unless otherwise stated)	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017	Q4 2016	Q3 2016	Q2 2016	Q1 2016	Q4 2015	Q3 2015	Q2 2015
Net sales	7,576	8,498	7,518	5,542	5,545	5,571	4,858	4,213	4,466	3,329	4,199	3,919	4,605	5,329	4,650	4,070	4,501	5,260	4,442	3,252	3,399	3,949	3,443	2,786	3,142	3,461	2,999	2,523	2,885	3,202
Sales growth,%	37	53	55	32	24	67	16	8	-3	-38	-10	-4	2	1	5	25	32	33	29	17	8	14	15	10	9	8	4	14	34	31
Organic growth,%	-6	-1	7	2	11	66	22	15	3	-38	-14	-9	-6	-7	-6	-2	1	9	10	16	11	9	11	5	8	9	5	9	10	5
Currency translation,%	15	11	5	2	-2	-7	-7	-7	-6	0	4	4	6	5	7	7	8	3	-2	-5	-3	4	4	6	1	-1	2	6	10	12
M&A,%	28	43	43	27	15	8	1	0	0	0	0	1	2	3	4	21	23	21	21	5	0	1	-1	-1	0	0	-2	-1	15	14
EBITDA
Amounts in SEK million (unless otherwise stated)	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017	Q4 2016	Q3 2016	Q2 2016	Q1 2016	Q4 2015	Q3 2015	Q2 2015
Operating profit (EBIT)	575	1,166	812	470	762	898	725	514	676	300	389	238	583	900	618	328	702	919	638	191	648	650	418	173	426	573	400	183	367	463
Depreciation and amortization	384	358	335	301	225	201	192	187	191	203	208	208	209	200	200	141	133	129	123	88	76	79	77	77	75	73	73	72	74	73
EBITDA	958	1,523	1,147	771	987	1,100	917	701	867	504	597	445	792	1,100	818	469	835	1,048	761	280	724	729	495	250	501	646	473	255	441	536
EBITDA Margin (EBITDA /Net sales)	12.6%	17.9%	15.3%	13.9%	17.8%	19.8%	18.9%	16.6%	19.4%	15.1%	14.2%	11.4%	17.2%	20.6%	17.6%	11.5%	18.6%	19.9%	17.1%	8.6%	21.3%	18.5%	14.4%	9.0%	16.0%	18.7%	15.8%	10.1%	15.3%	16.7%
EBITDA before items affecting comparability (i.a.c.)
Amounts in SEK million (unless otherwise stated)	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017	Q4 2016	Q3 2016	Q2 2016	Q1 2016	Q4 2015	Q3 2015	Q2 2015
EBITDA	958	1,523	1,147	771	987	1,100	917	701	867	504	597	445	792	1,100	818	469	835	1,048	761	280	724	729	495	250	501	646	473	255	441	536
Items affecting comparability (i.a.c.)	326	14	159	37	23	58	5	-48	14	61	32	60	37	-	-	92	-	-	-	119	-166	-	-	37	0	11	-	17	-5	21
EBITDA before i.a.c.	1,284	1,538	1,306	808	1,010	1,158	922	653	881	565	629	505	829	1,100	818	561	835	1,048	761	399	558	729	495	287	501	657	473	272	436	557
EBITDA before i.a.c. Margin (EBITDA before i.a.c./Net sales)	17.0%	18.1%	17.4%	14.6%	18.2%	20.8%	19.0%	15.5%	19.7%	17.0%	15.0%	12.9%	18.0%	20.6%	17.6%	13.8%	18.6%	19.9%	17.1%	12.3%	16.4%	18.5%	14.4%	10.3%	15.9%	19.0%	15.8%	10.8%	15.1%	17.4%
EBITA
Amounts in SEK million (unless otherwise stated)	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017	Q4 2016	Q3 2016	Q2 2016	Q1 2016	Q4 2015	Q3 2015	Q2 2015
Operating profit (EBIT)	575	1,166	812	470	762	898	725	514	676	300	389	238	583	900	618	328	702	919	638	191	648	650	418	173	426	573	400	183	367	463
Amortization on acquisition-related intangible assets	156	150	143	125	94	81	70	70	73	76	77	77	75	74	76	58	55	54	51	24	17	17	18	18	17	17	17	17	17	17
EBITA Margin (EBITA /Net sales)	9.6%	15.5%	12.7%	10.7%	15.4%	17.6%	16.4%	13.9%	16.8%	11.3%	11.1%	8.0%	14.3%	18.3%	14.9%	9.5%	16.8%	18.5%	15.5%	6.6%	19.6%	16.9%	12.7%	6.9%	14.1%	17.0%	13.9%	7.9%	13.3%	15.0%
EBITA before items affecting comparability (i.a.c.)
Amounts in SEK million (unless otherwise stated)	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017	Q4 2016	Q3 2016	Q2 2016	Q1 2016	Q4 2015	Q3 2015	Q2 2015
EBITA	731	1,316	955	595	856	979	795	584	749	377	466	315	658	974	694	386	757	973	689	216	665	667	436	191	443	590	473	255	441	536
Items affecting comparability (i.a.c.)	326	14	159	37	23	58	5	-48	14	61	32	60	37	-	-	92	-	-	-	119	-166	-	-	37	0	11	-	17	-5	21
EBITA before i.a.c.	1,057	1,330	1,114	632	879	1,037	801	536	763	438	498	375	695	974	694	478	757	973	689	335	499	667	436	228	443	601	473	272	436	557
EBITA before i.a.c Margin (EBITA before i.a.c /Net sales)	14.0%	15.7%	14.8%	11.4%	15.9%	18.6%	16.5%	12.7%	17.1%	13.2%	11.9%	9.6%	15.1%	18.3%	14.9%	11.7%	16.8%	18.5%	15.5%	10.3%	14.7%	16.9%	12.7%	8.2%	14.1%	17.4%	15.8%	10.8%	15.1%	17.4%
Operating profit (EBIT) before items affecting comparability (i.a.c.)
Amounts in SEK million (unless otherwise stated)	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017	Q4 2016	Q3 2016	Q2 2016	Q1 2016	Q4 2015	Q3 2015	Q2 2015
Operating profit (EBIT)	575	1,166	812	470	762	898	725	514	676	300	389	238	583	900	618	328	702	919	638	191	648	650	418	173	426	573	400	183	367	463
Items affecting comparability (i.a.c.)	326	14	159	37	23	58	5	-48	14	61	32	60	37	-	-	92	-	-	-	119	-166	-	-	37	0	11	-	17	-5	21
Operating profit (EBIT) before items affecting comparability (i.a.c.)	901	1,180	971	507	785	955	731	466	690	361	421	298	619	900	618	420	702	919	638	310	482	650	418	210	426	584	400	200	362	484
EBIT before i.a.c .Margin (EBIT before i.a.c./Net sales)	11.9%	13.9%	12.9%	9.2%	14.2%	17.1%	15.0%	11.1%	15.5%	10.8%	10.0%	7.6%	13.4%	16.9%	13.3%	10.3%	15.6%	17.5%	14.4%	9.5%	14.2%	16.5%	12.1%	7.5%	13.6%	16.9%	13.3%	7.9%	12.5%	15.1%
Profit (loss) for the period, adjusted
Amounts in SEK million (unless otherwise stated)	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017	Q4 2016	Q3 2016	Q2 2016	Q1 2016	Q4 2015	Q3 2015	Q2 2015
Profit (loss) before tax, reported	595	1,088	685	283	659	738	677	365	523	169	291	77	500	761	491
A) Adjustment for amortization of acquisition-related intangible assets	156	150	143	125	94	81	70	70	73	76	77	77	75	74	76
B) Adjustment for items affecting comparability (i.a.c.)	326	14	159	37	23	58	5	-48	14	61	32	60	37	-	-
Profit (loss) before tax, adjusted	1,077	1,253	987	445	776	877	752	387	610	306	400	214	612	835	567
Taxes, reported	-159	-261	-192	-86	-179	-178	-187	-525	-242	-43	-86	-30	-129	-200	-147
Taxes, adjustment for A) and B)	-69	-41	-69	-45	-31	-34	-19	-4	-24	-37	-32	-38	-33	-22	-23
Profit (loss) for the period, adjusted	848	950	726	314	566	665	546	-142	344	226	282	146	450	613	397
Core working capital
Amounts in SEK million (unless otherwise stated)	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017	Q4 2016	Q3 2016	Q2 2016	Q1 2016	Q4 2015	Q3 2015	Q2 2015
Inventories	10,090	9,486	8,227	6,983	5,084	4,385	3,886	3,133	2,957	3,263	3,397	2,957	3,405	3,483	3,873	3,772	3,628	3,707	3,701	3,350	2,704	2,697	2,785	2,637	2,488	2,452	2,337	2,199	2,197	2,190
Trade receivables	3,752	4,537	4,098	2,686	2,637	2,836	2,681	1,839	2,204	2,154	2,307	1,695	2,182	2,576	2,459	1,705	2,045	2,520	2,159	1,485	1,541	1,915	1,699	1,041	1,411	1,632	1,382	906	1,246	1,405
Trade payables	-3,165	-4,203	-3,941	-3,193	-2,333	-2,551	-2,374	-2,019	-1,637	-1,588	-1,813	-1,414	-1,556	-1,652	-1,616	-1,491	-1,356	-1,595	-1,562	-1,459	-1,187	-1,308	-1,244	-1,024	-1,020	-1,131	-1,044	-1,000	-835	-1,010
= Core working capital	10,677	9,820	8,384	6,475	5,388	4,670	4,193	2,952	3,524	3,829	3,890	3,238	4,031	4,408	4,716	3,986	4,317	4,633	4,298	3,376	3,058	3,304	3,240	2,655	2,879	2,953	2,675	2,104	2,607	2,584
Operating cashflow
Amounts in SEK million (unless otherwise stated)	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017	Q4 2016	Q3 2016	Q2 2016	Q1 2016	Q4 2015	Q3 2015	Q2 2015
Cashflow from operations	764	600	-418	569	347	860	-625	681	984	302	93	926	1,277	1,316	33	920	922	931	-46	589	720	597	24	404	569	515	-74	664	403	385
- After Investments in fixed assets	-141	-114	-115	-155	-98	-80	-81	-76	-53	-43	-74	-114	-71	-90	-86	-117	-100	-127	-78	-88	-84	-71	-63	-68	-60	-44	-53	-52	-58	-74
+Adjusted for Income tax paid	190	252	134	132	97	95	685	119	112	51	162	106	95	191	137	56	21	139	97	35	31	44	-5	16	26	40	25	11	43	31
= Operating cashflow	812	738	-399	546	346	875	-20	724	1,043	311	181	918	1,301	1,417	84	859	843	943	-27	536	667	570	-44	352	535	511	-102	623	388	342
Operating capital excl. Goodwill and trademarks
Amounts in SEK million (unless otherwise stated)	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017	Q4 2016	Q3 2016	Q2 2016	Q1 2016	Q4 2015	Q3 2015	Q2 2015
Liabilities to credit institutions	18,839	18,166	16,314	16,099	15,887	12,651	12,816	13,455	14,142	14,335	13,065	12,288	12,703	12,301	13,357	11,610	12,704	11,598	11,144	10,543	4,337	4,544	4,653	4,782	4,624	4,620	4,592	4,815	8,863	8,847
Liabilities to related parties				-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provisions for pensions	545	574	594	704	723	744	709	797	908	958	920	821	910	841	798	739	670	697	681	687	527	534	534	536	508	495	480	476	508	501
Interest-bearing debt	19,384	18,739	16,907	16,802	16,610	13,395	13,525	14,252	15,050	15,293	13,985	13,109	13,613	13,142	14,155	12,349	13,374	12,295	11,825	11,230	4,864	5,078	5,187	5,318	5,132	5,115	5,072	5,291	9,371	9,348
Cash and cash equivalents	-4,093	-3,585	-3,138	-4,408	-9,959	-7,392	-5,761	-7,913	-6,921	-6,190	-4,196	-4,289	-3,623	-2,618	-3,363	-2,113	-3,020	-1,089	-1,066	-1,159	-1,763	-1,169	-1,213	-1,599	-1,160	-730	-413	-833	-522	-462
Goodwill and trademarks	-30,456	-29,146	-27,182	-25,947	-20,461	-18,997	-18,583	-17,204	-18,364	-18,804	-19,769	-18,875	-19,578	-18,801	-18,786	-18,203	-17,959	-18,193	-17,363	-17,016	-12,222	-12,486	-12,872	-12,725	-12,447	-12,170	-11,855	-11,907	-11,895	-11,962
Operating capital excl. Goodwill and trademarks	12,883	11,973	10,459	8,894	7,572	7,598	6,910	5,336	6,994	7,569	8,015	7,308	8,205	8,505	8,976	8,062	8,459	8,837	8,578	7,569	4,907	5,249	5,396	4,971	4,947	5,055	4,885	4,434	3,855	3,795
Average Operating capital excl. Goodwill and trademarks (4 quarters)	11,052	9,725	8,631	7,743	6,854	6,709	6,702	6,978	7,471	7,774	8,008	8,248	8,437	8,500	8,584	8,484	8,361	7,473	6,576	5,780	5,131	5,141	5,092	4,965	4,830	4,557	4,242	4,002	3,758	3,351
RoOC - Return on Operating Capital
Amounts in SEK million (unless otherwise stated)	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017	Q4 2016	Q3 2016	Q2 2016	Q1 2016	Q4 2015	Q3 2015	Q2 2015
Operating profit (EBIT) for the four previous quarters	3,023	3,210	2,942	2,855	2,899	2,813	2,215	1,879	1,603	1,510	2,110	2,339	2,429	2,548	2,567	2,587	2,450	2,396	2,127	1,907	1,889	1,667	1,590	1,572	1,582	1,523	1,413	1,436	1,353	1,243
divided by Average Operating capital (4 quarters)	11,052	9,725	8,631	7,743	6,854	6,709	6,702	6,978	7,471	7,774	8,008	8,248	8,437	8,500	8,584	8,484	8,361	7,473	6,576	5,780	5,131	5,141	5,092	4,965	4,830	4,557	4,242	4,002	3,758	3,351
RoOC - Return on Operating Capital	27.3%	33.0%	34.1%	36.9%	42.3%	41.9%	33.1%	26.9%	21.5%	19.4%	26.3%	28.4%	28.8%	30.0%	29.9%	30.5%	29.3%	32.1%	32.3%	33%	37%	32%	31%	32%	33%	33%	33%	36%	36%	37%
Leverage
Amounts in SEK million (unless otherwise stated)	Q3	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017	Q4 2016	Q3 2016	Q2 2016	Q1 2016	Q4 2015	Q3 2015	Q2 2015
Liabilities to credit institutions excluding amortized cost	18,886	18,219	16,369	16,160	15,954	12,705	12,876	13,521	14,214	14,412	13,127	12,349	12,769	12,360	13,416	11,670	12,768	11,648	11,197	10,601	4,358	4,568	4,678	4,809	4,652	4,650	4,625	4,849	9,030	9,050
Cash and cash equivalents	-4,093	-3,585	-3,138	-4,408	-9,959	-7,392	-5,761	-7,913	-6,921	-6,190	-4,196	-4,289	-3,623	-2,618	-3,363	-2,113	-3,020	-1,089	-1,066	-1,159	-1,763	-1,169	-1,213	-1,599	-1,160	-730	-413	-833	-522	-462
Cash deposits with Tax authorities	0	0	0	0	0	0	0	-146	-160	-268	-288	-266	-277	-263	-261	-246	-243	-240	-232
Total Cash and cash equivalents	-4,093	-3,585	-3,138	-4,408	-9,959	-7,392	-5,761	-8,059	-7,081	-6,458	-4,484	-4,555	-3,900	-2,881	-3,624	-2,359	-3,263	-1,329	-1,298	-1,159	-1,763	-1,169	-1,213	-1,599	-1,160	-730	-413	-833	-522	-462
Net Debt	14,793	14,634	13,231	11,752	5,995	5,313	7,115	5,461	7,133	7,954	8,643	7,795	8,869	9,479	9,792	9,311	9,505	10,319	9,899	9,442	2,595	3,399	3,465	3,210	3,492	3,920	4,212	4,016	8,508	8,588
EBITDA before items affecting comparability (i.a.c) LTM	4,936	4,662	4,283	3,899	3,743	3,615	3,021	2,728	2,580	2,528	2,528	3,252	3,307	3,314	3,262	3,205	3,043	2,766	2,447	2,181	2,069	2,012	1,940	1,919	1,903	1,838	1,738	1,704	1,660	1,530
EBITDA Acquisitions proforma	56	329	554	572	366	274	70	0	0	0	0	0	6	21	57	84	119	317	519	694
EBITDA before i.a.c. incl acquisitions proforma	4,992	4,991	4,837	4,471	4,110	3,888	3,091	2,728	2,580	2,528	2,528	3,252	3,313	3,335	3,319	3,289	3,162	3,083	2,966	2,875	2,069	2,012	1,940	1,919	1,903	1,838	1,738	1,704	1,660	1,530
Leverage	3.0	2.9	2.7	2.6	1.5	1.4	2.3	2.0	2.8	3.1	2.8	2.4	2.7	2.8	3.0	2.8	3.0	3.3	3.3	3.3	1.3	1.7	1.8	1.7	1.8	2.1	2.4	2.4	5.1	5.6
Updated October 26, 2022