Financial data - 5 years

 

SEKm unless otherwise stated

2002 1

2003 1

2004 1

2005

2006
      
Net sales19 27119 80624 63127 80431 054
EBITDA (Profit before depreciation) 22 1112 5685 9606 6867 017
Depreciation1 1111 0711 073951963
EBIT (Operating profit) 21 0001 4974 8875 7356 054
Profit before tax8161 3434 7885 6716 052
Profit after tax5778993 5934 0214 253
      
EBITDA margin (%)11.013.024.224.022.6
EBIT margin (%)5.27.619.820.619.5
Profit margin (%)4.26.819.420.419.5
Return on equity after tax (%)69333029
Return on capital employed before tax (%)812343436
      
Capital expenditure90210417278531407
Cash flow after investments 31208765199242303794
Net debt3 1203 0321 718407-176
Net gearing (%)3230133-1
Equity ratio (%)5354606668
Net debt / EBITDA1.51.20.30.10.0
      
Dividend (SEK)52.002.002.503.004.50
Earnings per share (SEK)1.902.9711.8714.0716.02
Trading price, A share at year end (SEK)34.3342.8353.3396.33162.50
No of shares at year end (A+B)302.7302.7302.7272.8259.1
Market capitalization at year end10 39312 96616 14426 28042 104
Enterprise value, EV, at year end413 51315 99817 86226 68741 928
P/E18.114.44.56.810.1
EV/EBITDA (x)6.46.23.04.06.0
EV/EBIT (x)13.510.73.74.76.9
Dividend yield (%)5.84.74.73.12.8
Dividend payout ratio (%)10567212128
1) 2004 has been adjusted in accordance with IFRS, however not 2002–2003.     
2) Capital gain divestm.of HardTech in 2004 of SEK + 825m is included, Capital gain divestm.of Cogent Power in 2006 of SEK +77m is included  
3) Payment for HardTech included in 2005,SEK + 1,425m, Payment for Cogent Power included in 2006, SEK 248m   
4) Enterprise value is the sum of market capitalisation and net debt. EV shows the value of the enterprise    
5) Board proposal