Cash flow
| Cash-flow statements, Yearly | ||||||
| Amounts in SEK million | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
| Current operations | ||||||
| EBIT | -540 | 47 | 139 | 550 | 267 | -42 |
| Adjustment for items not included in cash flow | ||||||
| Depreciation/amortisation/write-downs | 287 | 133 | 118 | 140 | 117 | 119 |
| Gains/losses on sale of fixed assets | ||||||
| Gains/losses on sale of emission allowances | ||||||
| Write-downs of receivables | ||||||
| Other items not affecting the cash flow | 10 | 15 | -4 | 1 | 0 | |
| -243 | 195 | 253 | 690 | 385 | 77 | |
| Interest received and similiar income items | 3 | |||||
| Interest paid and similar items | -25 | -15 | 4 | -2 | -21 | -19 |
| Income tax received/paid | -9 | -34 | -113 | -32 | -42 | 2 |
| Cash flow from operating actitivies before changes in working capital | -277 | 149 | 144 | 656 | 322 | 60 |
| Changes in working capital | ||||||
| Change in inventories | 115 | -97 | -57 | -109 | 28 | 21 |
| Change in current receivables | 93 | 48 | 42 | -198 | -155 | 60 |
| Change in current liabilities (non-interest-bearing) | -2 | -85 | -25 | 192 | 93 | -56 |
| Total change in working capital | 206 | -134 | -40 | -115 | -34 | 25 |
| CASH FLOW FROM OPERATING ACTIVITIES | -71 | 15 | 104 | 541 | 288 | 85 |
| Investment activities | ||||||
| Acquisition of intangible fixed assets | -1 | -1 | ||||
| Acquisition of tangible fixed assets | -165 | -450 | -205 | -111 | -125 | -115 |
| Sale of intangible fixed assets | ||||||
| Sale of tangible fixed assets | 1 | 7 | 2 | 3 | ||
| Acquisition of subsidiaries | -15 | |||||
| Acquisition of financial fixed assets | -96 | -1 | ||||
| Change in long-term receivables | 12 | 154 | ||||
| CASH FLOW USED IN/PROVIDED BY INVESTMENT ACTIVITIES | -166 | -436 | -140 | -112 | -123 | -128 |
| Financing activities | ||||||
| Payment from ordinary share issue | ||||||
| Payment from issue of warrants | ||||||
| Borrowing | 0 | 409 | 100 | 150 | ||
| Repayment of loans | -106 | -91 | -120 | -34 | -416 | -3 |
| Change in overdraft facility | 100 | 2 | ||||
| Paid dividend | -76 | -213 | -91 | -68 | ||
| Nyemission | 291 | |||||
| CASH FLOW USED IN/PROVIDED BY FINANCING ACTIVITIES | 285 | 244 | -233 | -125 | -334 | -3 |
| NET CASH FLOW FOR THE YEAR | 48 | -177 | -269 | 304 | -169 | -46 |
| Cash and cash equivalents at beginning of year | 19 | 196 | 465 | 161 | 330 | 376 |
| Exchange rate differences in cash and cash equivalents | ||||||
| CASH AND CASH EQUIVALENTS AT YEAR-END | 67 | 19 | 196 | 465 | 161 | 330 |
| Undrawn credit facilities | 177 | 372 | 332 | 282 | 282 | 182 |
| Available liquidity at year-end | 244 | 391 | 528 | 747 | 443 | 512 |
| Updated: 2026-02-19 |