Reconciliation of non IFRS
| Reconciliation of non-IFRS measures to IFRS | |||||
| Net sales and organic growth | |||||
| Amounts in SEK million (unless otherwise stated) | 2021 | 2020 | 2019 | 2018 | 2017 |
| Net sales | 21,516 | 16,207 | 18,503 | 18,274 | 14,044 |
| Sales growth,% | 33 | -12 | 1 | 30 | 13 |
| Organic growth,% | 23 | -10 | -7 | 5 | 12 |
| Currency translation,% | -3 | -2 | 5 | 3 | 0 |
| M&A,% | 13 | 0 | 3 | 22 | 1 |
| EBITDA | |||||
| Amounts in SEK million (unless otherwise stated) | 2021 | 2020 | 2019 | 2018 | 2017 |
| Operating profit (EBIT) | 2,855 | 1,880 | 2,338 | 2,587 | 1,907 |
| Depreciation and amortization | 920 | 789 | 817 | 526 | 321 |
| EBITDA | 3,775 | 2,669 | 3,155 | 3,113 | 2,228 |
| EBITDA Margin (EBITDA /Net sales) | 17.5% | 16.5% | 17.1% | 17.0% | 15.9% |
| EBITDA before items affecting comparability (i.a.c.) | |||||
| Amounts in SEK million (unless otherwise stated) | 2021 | 2020 | 2019 | 2018 | 2017 |
| EBITDA | 3,775 | 2,669 | 3,155 | 3,113 | 2,228 |
| Items affecting comparability (i.a.c.) | 123 | 59 | 97 | 92 | -47 |
| EBITDA before i.a.c. | 3,899 | 2,728 | 3,252 | 3,205 | 2,181 |
| EBITDA before i.a.c. Margin (EBITDA before i.a.c./Net sales) | 18.1% | 16.8% | 17.6% | 17.5% | 15.5% |
| EBITA | |||||
| Amounts in SEK million (unless otherwise stated) | 2021 | 2020 | 2019 | 2018 | 2017 |
| Operating profit (EBIT) | 2,855 | 1,880 | 2,338 | 2,587 | 1,907 |
| Amortization on acquisition-related intangible assets | 369 | 296 | 303 | 219 | 76 |
| EBITA | 3,225 | 2,176 | 2,641 | 2,805 | 1,983 |
| EBITA Margin (EBITA /Net sales) | 15.0% | 13.4% | 14.3% | 15.3% | 14.1% |
| EBITA before items affecting comparability (i.a.c.) | |||||
| Amounts in SEK million (unless otherwise stated) | 2021 | 2020 | 2019 | 2018 | 2017 |
| EBITA | 3,225 | 2,176 | 2,641 | 2,805 | 1,983 |
| Items affecting comparability (i.a.c.) | 123 | 59 | 97 | 92 | -47 |
| EBITA before i.a.c. | 3,348 | 2,235 | 2,738 | 2,897 | 1,936 |
| EBITA before i.a.c Margin (EBITA before i.a.c /Net sales) | 15.6% | 13.8% | 14.8% | 15.9% | 13.8% |
| Operating profit (EBIT) before items affecting comparability (i.a.c.) | |||||
| Amounts in SEK million (unless otherwise stated) | 2021 | 2020 | 2019 | 2018 | 2017 |
| Operating profit (EBIT) | 2,855 | 1,880 | 2,338 | 2,587 | 1,907 |
| Items affecting comparability (i.a.c.) | 123 | 59 | 97 | 92 | -47 |
| Operating profit (EBIT) before items affecting comparability (i.a.c.) | 2,979 | 1,939 | 2,434 | 2,679 | 1,860 |
| EBIT before i.a.c.Margin (EBIT before i.a.c./Net sales) | 13.8% | 12.0% | 13.2% | 14.7% | 13.2% |
| Profit (loss) for the period, adjusted | |||||
| Amounts in SEK million (unless otherwise stated) | 2021 | 2020 | 2019 | ||
| Profit (loss) before tax, reported | 2,357 | 1,348 | 1,830 | ||
| A) Adjustment for amortization of acquisition-related intangible assets | 369 | 296 | 303 | ||
| B) Adjustment for items affecting comparability (i.a.c.) | 123 | 59 | 97 | ||
| Profit (loss) before tax, adjusted | 2,849 | 1,703 | 2,230 | ||
| Taxes, reported | -630 | -897 | -505 | ||
| Taxes, adjustment for A) and B) | -129 | -96 | -116 | ||
| Profit (loss) for the period, adjusted | 2,090 | 710 | 1,609 | ||
| Core working capital | |||||
| Amounts in SEK million (unless otherwise stated) | 2021 | 2020 | 2019 | 2018 | 2017 |
| Inventories | 6,983 | 3,133 | 2,957 | 3,772 | 3,350 |
| Trade receivables | 2,686 | 1,839 | 1,695 | 1,705 | 1,485 |
| Trade payables | -3,193 | -2,019 | -1,414 | -1,491 | -1,459 |
| = Core working capital | 6,475 | 2,952 | 3,238 | 3,986 | 3,376 |
| Operating cashflow | |||||
| Amounts in SEK million (unless otherwise stated) | 2021 | 2020 | 2019 | 2018 | 2017 |
| Cashflow from operations | 1,153 | 2,060 | 3,553 | 2,725 | 1,928 |
| After Investments in fixed assets | -413 | -246 | -361 | -422 | -306 |
| Adjusted for Income tax paid | 1,009 | 444 | 529 | 313 | 105 |
| = Operating cashflow | 1,749 | 2,258 | 3,721 | 2,616 | 1,727 |
| Operating capital excluding goodwill and trademarks | |||||
| Amounts in SEK million (unless otherwise stated) | 2021 | 2020 | 2019 | 2018 | 2017 |
| Liabilities to credit institutions | 16,099 | 13,456 | 12,288 | 11,610 | 10,543 |
| Liabilities to related parties | - | - | - | - | - |
| Provisions for pensions | 704 | 797 | 821 | 739 | 687 |
| Interest bearing debt | 16,802 | 14,252 | 13,109 | 12,349 | 11,230 |
| Equity | 22,447 | 16,201 | 17,363 | 16,029 | 14,514 |
| Cash and cash equivalents | -4,408 | -7,913 | -4,289 | -2,113 | -1,159 |
| Goodwill and trademarks | -25,947 | -17,204 | -18,875 | -18,203 | -17,016 |
| Operating capital excl. Goodwill and trademarks | 8,894 | 5,336 | 7,308 | 8,062 | 7,569 |
| Average Operating capital excl. Goodwill and trademarks (4 quarters) | 7,744 | 6,978 | 8,248 | 8,484 | 5,780 |
| RoOC - Return on Operating Capital | |||||
| Amounts in SEK million (unless otherwise stated) | 2021 | 2020 | 2019 | 2018 | 2017 |
| Operating profit (EBIT) for the four previous quarters | 2,855 | 1,880 | 2,338 | 2,587 | 1,907 |
| divided by Average Operating capital (4 quarters) | 7,744 | 6,978 | 8,248 | 8,484 | 5,780 |
| RoOC - Return on Operating Capital | 36.9% | 26.9% | 28.3% | 31% | 33% |
| Leverage | |||||
| Amounts in SEK million (unless otherwise stated) | 2021 | 2020 | 2019 | 2018 | 2017 |
| Liabilities to credit institutions excluding amortized cost | 16,160 | 13,521 | 12,349 | 11,670 | 10,601 |
| Cash and cash equivalents | -4,408 | -7,913 | -4,289 | -2,113 | -1,159 |
| Cash deposits with Tax authorities | 0 | -146 | -266 | -246 | |
| Total Cash and cash equivalents | -4,408 | -8,059 | -4,555 | -2,359 | -1,159 |
| Net Debt | 11,752 | 5,461 | 7,795 | 9,311 | 9,442 |
| EBITDA before i.a.c. LTM | 3,899 | 2,728 | 3,252 | 3,205 | 2,181 |
| EBITDA Acquisitions proforma | 572 | 0 | 0 | 84 | 694 |
| EBITDA before i.a.c. incl acquisitions proforma | 4,471 | 2,728 | 3,252 | 3,289 | 2,875 |
| Leverage | 2.6 | 2.0 | 2.4 | 2.8 | 3.3 |
| Updated January 27, 2022 |