Key data – multi-quarter summary

(SEK M unless otherwise stated) 2018
Jan-Mar		 2017
Oct-Dec		 2017
Jul-Sep		 2017
Apr-Jun		 2017
Jan-Mar		 2016
Oct-Dec		 2016
Jul-Sep		 2016
Apr-Jun		 2016
Jan-Mar
(MSEK om inget annat anges) 2018
jan-mar		 2017
okt-dec		 2017
jul-sep		 2017
apr-jun		 2017
jan-mar		 2016
okt-dec		 2016
jul-sep		 2016
apr-jun		 2016
jan-mar
Net sales Nettoomsättning 1,226 1,095 968 1,147 1,138 953 892 1,047 978
Earnings measurements Resultatmått
Gross result Bruttoresultat 187 152 134 159 174 133 138 163 127
Underlying gross result Underliggande bruttoresultat 180 145 136 152 163 124 123 153 136
Operating result (EBIT) Rörelseresultat (EBIT) 55 5 19 -13 46 4 26 31 -45
Underlying operating result (uEBIT) Underliggande rörelseresultat (uEBIT) 48 9 22 21 30 -7 10 21 9
Margin measurements Marginalmått
Gross margin Bruttomarginal 15.3% 13.9% 13.8% 13.8% 15.3% 14.0% 15.4% 15.5% 13.0%
Underlying gross margin Underliggande bruttomarginal 14.7% 13.2% 14.0% 13.2% 14.3% 13.0% 13.8% 14.6% 13.9%
Operating margin Rörelsemarginal 4.5% 0.5% 2.0% -1.1% 4.0% 0.4% 2.9% 2.9% -4.6%
Underlying operating margin Underliggande rörelsemarginal 3.9% 0.8% 2.2% 1.9% 2.6% -0.7% 1.1% 2.0% 1.0%
Capital structure Kapitalstruktur
Net debt Nettoskuld 504 478 465 586 528 562 563 540 565
Net debt/equity ratio Nettoskuldsättningsgrad 59% 60% 58% 74% 66% 73% 73% 71% 77%
Working capital at end of period Rörelsekapital vid periodens slut 554 492 480 588 502 506 493 454 464
Working capital (average) Rörelsekapital (genomsnittligt) 523 486 534 545 504 499 473 459 495
Capital employed (average) Sysselsatt kapital (genomsnittligt) 1,368 1,371 1,397 1,381 1,364 1,368 1,381 1,375 1,395
Working capital tied-up Rörelsekapitalbindning 10.7% 11.1% 13.8% 11.9% 11.1% 13.1% 13.3% 11.0% 12.6%
Return Avkastning
Return on capital employed Avkastning på sysselsatt kapital 16.2% 1.7% 5.4% -3.7% 13.4% 1.2% 7.6% 9.0% -12.8%
Per share data 2) Per aktie 2)
Earnings per share (SEK)1) Resultat per aktie (SEK)1) 3.03 -0.40 0.72 -1.03 2.58 -0.20 1.25 1.47 -4.07
Earnings per share after dilution (SEK)1) Resultat per aktie efter utspädning (SEK)1) 3.03 -0.40 0.72 -1.03 2.58 -0.20 1.25 1.47 -4.07
Equity per share (SEK) Eget kapital per aktie (SEK) 65.65 61.77 61.70 61.19 61.93 59.41 59.67 58.19 56.54
Cash flow from operating activities per share (SEK)1) Kassaflöde från den löpande
verksamheten per aktie (SEK)1)		 -0.08 0.78 7.48 -3.72 2.81 0.21 -0.89 2.76 3.91
Shares outstanding at period end
(thousands)		 Antal aktier vid periodens slut (tusentals) 12,983 12,983 12,983 12,983 12,983 12,983 12,983 12,983 12,983
Number of shares (thousands) before
and after dilution1)		 Antal aktier (tusentals) före och efter utspädning1) 12,983 12,983 12,983 12,983 12,983 12,983 12,983 12,983 12,983
Growth Tillväxt
Sales growth Omsättningstillväxt 8% 15% 9% 10% 16% -3% -8% -5% -11%
– of which organic tonnage growth – varav organisk tonnagetillväxt 0% 5% 1% -10% -5% -13% -13% -3% -5%
– of which price and mix changes – varav pris- och mixförändringar 6% 10% 8% 18% 20% 8% 5% -2% -6%
– of which currency effects – varav valutaeffekter 2% 0% 0% 2% 1% 2% 0% 0% 0%
Other Övrigt
Average number of employees Medeltal anställda 670 684 709 710 708 715 729 747 765
Inventory gains and losses Lagervinster och -förluster 7 6 -3 8 16 11 16 10 -9
Shipped tonnage (thousands of tonnes) Levererat tonnage (tusentals ton) 98 89 82 94 98 85 81 105 103

1) Refers to average number of shares.
2) A 1:20 reverse share split was carried out in 2016. Comparative figures for 2016 have been restated for this.