Ten Year Overview

Statement of income 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Net sales, SEK M 6638.3 2,900.5 233.6 95.4 10.3 68.6 60.9 38.5 27.5 20.7
Gross profit/loss, SEK M 3165.3 1,255.3 71.6 39.2 -5.7 -37.0 20.4 6.0 -1.0 -12.5
Gross margin, % 48 43.0 31.0 41.0 -55.0 -46.0 33.0 16.0 -17.0 -60.0
Operating profit/loss, SEK M 2613.1 910.3 -145.2 -34.0 -38.7 2.7 1.6 -24.7 -24.1 -35.4
Operating margin, % 39 31.0 -62.0 -36.0 -375.0 5.0 2.6 -64.0 -88.0 -171.0
Profit/loss for the period, SEK M 2034.7 798.3 -144.0 -32.9 -38.1 3.4 2.0 -24.6 -23.3 -34.2
Profit margin, % 31 28.0 -62.0 -35.0 -375.0 5.0 3.3 -64.0 -85.0 -165.0
Depreciation and amortization, SEK M -48.6 -43,4 -32.1 -12.6 -10.8 -4.9 -6.4 -4.1 -3.5 -2.8
Impairment, SEK M -29,5 -5,9
EBITDA, SEK M 2661.7 953.7 -83.6 -21.4 -27.9 8.2 8.3 -14.7 -20.8 -32.7
Employees at period end 306 150 104 48 19 19 19 13 13 12
Statement of income Net sales, SEK M
2016 6638.3
2015 2,900.5
2014 233.6
2013 95.4
2012 10.3
2011 68.6
2010 60.9
2009 38.5
2008 27.5
2007 20.7
Statement of income Gross profit/loss, SEK M
2016 3165.3
2015 1,255.3
2014 71.6
2013 39.2
2012 -5.7
2011 -37.0
2010 20.4
2009 6.0
2008 -1.0
2007 -12.5
Statement of income Gross margin, %
2016 48
2015 43.0
2014 31.0
2013 41.0
2012 -55.0
2011 -46.0
2010 33.0
2009 16.0
2008 -17.0
2007 -60.0
Statement of income Operating profit/loss, SEK M
2016 2613.1
2015 910.3
2014 -145.2
2013 -34.0
2012 -38.7
2011 2.7
2010 1.6
2009 -24.7
2008 -24.1
2007 -35.4
Statement of income Operating margin, %
2016 39
2015 31.0
2014 -62.0
2013 -36.0
2012 -375.0
2011 5.0
2010 2.6
2009 -64.0
2008 -88.0
2007 -171.0
Statement of income Profit/loss for the period, SEK M
2016 2034.7
2015 798.3
2014 -144.0
2013 -32.9
2012 -38.1
2011 3.4
2010 2.0
2009 -24.6
2008 -23.3
2007 -34.2
Statement of income Profit margin, %
2016 31
2015 28.0
2014 -62.0
2013 -35.0
2012 -375.0
2011 5.0
2010 3.3
2009 -64.0
2008 -85.0
2007 -165.0
Statement of income Depreciation and amortization, SEK M
2016 -48.6
2015 -43,4
2014 -32.1
2013 -12.6
2012 -10.8
2011 -4.9
2010 -6.4
2009 -4.1
2008 -3.5
2007 -2.8
Statement of income Impairment, SEK M
2016
2015
2014 -29,5
2013
2012
2011
2010
2009 -5,9
2008
Statement of income EBITDA, SEK M
2016 2661.7
2015 953.7
2014 -83.6
2013 -21.4
2012 -27.9
2011 8.2
2010 8.3
2009 -14.7
2008 -20.8
2007 -32.7
Statement of income Employees at period end
2016 306
2015 150
2014 104
2013 48
2012 19
2011 19
2010 19
2009 13
2008 13
2007 12

Financial position

Balance sheet 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Intangible fixed assets, SEK M 71.4 49.7 69.8 54.3 29.1 28.2 22.9 12.3 20.8 16.4
Tangible fixed assets, SEK M 29.2 20.6 18.8 5.4 4.8 4.2 3.7 0.3 0.3 0.3
Financial fixed assets, SEK M 1 0,9
Inventories, SEK M 672.7 153.0 98.8 19.9 11.4 4.3 7.9 9.1 15.4 18
Accounts receivable, SEK M 1132.1 617.9 115.8 31.1 6.2 53 17.2 9.7 8.4 4
Other receivables + Prepaid expenses, SEK M 435,4 36.6 19.5 10.1 3.1 3.2 3.8 2.3 1.4 1.6
Cash and cash equivalents + Current investments, SEK M 1162,2 1031.3 101.9 211.7 60.6 23 30.8 50.1 22.7 33.8
Shareholders’ equity, SEK M 2226,1 1146.8 301.1 289.7 101.9 106.3 78 74.3 58.1 67.2
Pension provisions, SEK M 136,3 1,2
Non-current liabilities, SEK M 0,2 0,4 0,7
Current liabilities, SEK M 1140,6 763.2 123.3 42.3 12.7 9.3 8.3 9.5 10.9 6.9
Working capital, SEK M 2261.8 1075.6 212.7 230.5 68.6 74.2 51.4 61.7 37 50.5
Balance-sheet total, SEK M 3503 1910.1 424.6 332.5 115.3 116.8 86.3 83.8 69 74.1
Inventory turnover rate, days 43 29 132 94 181 74 103 154 211 188
Average credit period, days 47 46 113 99 1035 184 80 85 81 44
Return on capital employed, % 117 126 -48 -12 -44 3 2.6 -33 -40 -51
Return on shareholders’ equity, % 121 110 -48 -12 -44 3 2.6 -132 -160 -204
Return on capital employed, % 75 78 -34 -10 -38 3 2.3 -117 -135 -185
Equity/asset ratio, % 64 60 71 87 87 91 90 89 84 91
Balance sheet Intangible fixed assets, SEK M
2016 71.4
2015 49.7
2014 69.8
2013 54.3
2012 29.1
2011 28.2
2010 22.9
2009 12.3
2008 20.8
2007 16.4
Balance sheet Tangible fixed assets, SEK M
2016 29.2
2015 20.6
2014 18.8
2013 5.4
2012 4.8
2011 4.2
2010 3.7
2009 0.3
2008 0.3
2007 0.3
Balance sheet Financial fixed assets, SEK M
2016
2015 1
2014
2013
2012
2011 0,9
2010
2009
2008
2007
Balance sheet Inventories, SEK M
2016 672.7
2015 153.0
2014 98.8
2013 19.9
2012 11.4
2011 4.3
2010 7.9
2009 9.1
2008 15.4
2007 18
Balance sheet Accounts receivable, SEK M
2016 1132.1
2015 617.9
2014 115.8
2013 31.1
2012 6.2
2011 53
2010 17.2
2009 9.7
2008 8.4
2007 4
Balance sheet Other receivables + Prepaid expenses, SEK M
2016 435,4
2015 36.6
2014 19.5
2013 10.1
2012 3.1
2011 3.2
2010 3.8
2009 2.3
2008 1.4
2007 1.6
Balance sheet Cash and cash equivalents + Current investments, SEK M
2016 1162,2
2015 1031.3
2014 101.9
2013 211.7
2012 60.6
2011 23
2010 30.8
2009 50.1
2008 22.7
2007 33.8
Balance sheet Shareholders’ equity, SEK M
2016 2226,1
2015 1146.8
2014 301.1
2013 289.7
2012 101.9
2011 106.3
2010 78
2009 74.3
2008 58.1
2007 67.2
Balance sheet Pension provisions, SEK M
2016 136,3
2015
2014
2013
2012
2011 1,2
2010
2009
2008
2007
Balance sheet Non-current liabilities, SEK M
2016
2015
2014 0,2
2013 0,4
2012 0,7
2011
2010
2009
2008
2007
Balance sheet Current liabilities, SEK M
2016 1140,6
2015 763.2
2014 123.3
2013 42.3
2012 12.7
2011 9.3
2010 8.3
2009 9.5
2008 10.9
2007 6.9
Balance sheet Working capital, SEK M
2016 2261.8
2015 1075.6
2014 212.7
2013 230.5
2012 68.6
2011 74.2
2010 51.4
2009 61.7
2008 37
2007 50.5
Balance sheet Balance-sheet total, SEK M
2016 3503
2015 1910.1
2014 424.6
2013 332.5
2012 115.3
2011 116.8
2010 86.3
2009 83.8
2008 69
2007 74.1
Balance sheet Inventory turnover rate, days
2016 43
2015 29
2014 132
2013 94
2012 181
2011 74
2010 103
2009 154
2008 211
2007 188
Balance sheet Average credit period, days
2016 47
2015 46
2014 113
2013 99
2012 1035
2011 184
2010 80
2009 85
2008 81
2007 44
Balance sheet Return on capital employed, %
2016 117
2015 126
2014 -48
2013 -12
2012 -44
2011 3
2010 2.6
2009 -33
2008 -40
2007 -51
Balance sheet Return on shareholders’ equity, %
2016 121
2015 110
2014 -48
2013 -12
2012 -44
2011 3
2010 2.6
2009 -132
2008 -160
2007 -204
Balance sheet Return on capital employed, %
2016 75
2015 78
2014 -34
2013 -10
2012 -38
2011 3
2010 2.3
2009 -117
2008 -135
2007 -185
Balance sheet Equity/asset ratio, %
2016 64
2015 60
2014 71
2013 87
2012 87
2011 91
2010 90
2009 89
2008 84
2007 91

Cash flow 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Cash flow from operating activities, SEK M 1130,3 908,1 -174.2 -28.8 14.5 -22.2 -0.6 -11.3 -17.1 -31.9
Cash flow from investing activities, SEK M -78,3 -26 -90.6 -38.3 -11.4 -11.7 -20.4 -1.5 -7.8 -5.5
Cash flow from financing activities, SEK M -956,1 47.4 155 220.5 34.5 24.9 1.8 40.3 13.7 0
Cash flow for the period, SEK M 1162,2 931.8 -109.8 151.1 37.6 -7.8 -19.3 27.5 -11.2 37.4
Cash flow Cash flow from operating activities, SEK M
2016 1130,3
2015 908,1
2014 -174.2
2013 -28.8
2012 14.5
2011 -22.2
2010 -0.6
2009 -11.3
2008 -17.1
2007 -31.9
Cash flow Cash flow from investing activities, SEK M
2016 -78,3
2015 -26
2014 -90.6
2013 -38.3
2012 -11.4
2011 -11.7
2010 -20.4
2009 -1.5
2008 -7.8
2007 -5.5
Cash flow Cash flow from financing activities, SEK M
2016 -956,1
2015 47.4
2014 155
2013 220.5
2012 34.5
2011 24.9
2010 1.8
2009 40.3
2008 13.7
Cash flow Cash flow for the period, SEK M
2016 1162,2
2015 931.8
2014 -109.8
2013 151.1
2012 37.6
2011 -7.8
2010 -19.3
2009 27.5
2008 -11.2
2007 37.4

Shares 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Earnings per share, Kr 6,50 2,52 -0,49 -0,12 -0,17 0,02 0,01 -0,22 -0,24 -0,36
Earnings per share after full dilution, SEK 6,33 2,48 -0,49 -0,12 -0,17 0,02 0,01 -0,22 -0,24 -0,36
Cash and cash equivalents + investment at the end of the period/share, SEK 3.71 3,26 0,35 0,83 0,17 0,11 0,16 0,25 0,37 0,56
Equity per share, SEK 7,11 3,63 1,03 1,06 0,47 0,49 0,39 0,65 0,61 0,7
Equity per share, after full conversion, SEK 7,09 3,57 0,97 1,04 0,47 0,5 0,39 0,65 0,61 0,7
Cash flow from operations per average number of shares, SEK 3,56 2,86 -0,61 -0,11 0,14 -0,1 0 -0,1 -0,18 -0,33
Shares at end of period, thousands 313 097 316 196 292 106 270 806 239 041 218 048 198 348 198 348 60 764 60 764
Average share during the period, thousands 321 830 315 349 287 574 254 470 228 841 216 943 210 719 89 283 101 419 101 419
Shares after dilution, average, thousands 321 409 321 372 310 306 276 441 230 362 216 943 210 719 89 283 101 419 101 419
Dividend per share, SEK 0 0 0 0 0 0 0 0 0 0
Share price at period end, SEK 62,85 118,2 7 10,9 2,5 1,9 1,8 0,7 0,5 2,6
Market capitalization at period end, SEK M 19 690 37 374 2 033 2 938 559 406 355 131 56 160
Shares Earnings per share, Kr
2016 6,50
2015 2,52
2014 -0,49
2013 -0,12
2012 -0,17
2011 0,02
2010 0,01
2009 -0,22
2008 -0,24
2007 -0,36
Shares Earnings per share after full dilution, SEK
2016 6,33
2015 2,48
2014 -0,49
2013 -0,12
2012 -0,17
2011 0,02
2010 0,01
2009 -0,22
2008 -0,24
2007 -0,36
Shares Cash and cash equivalents + investment at the end of the period/share, SEK
2016 3.71
2015 3,26
2014 0,35
2013 0,83
2012 0,17
2011 0,11
2010 0,16
2009 0,25
2008 0,37
2007 0,56
Shares Equity per share, SEK
2016 7,11
2015 3,63
2014 1,03
2013 1,06
2012 0,47
2011 0,49
2010 0,39
2009 0,65
2008 0,61
2007 0,7
Shares Equity per share, after full conversion, SEK
2016 7,09
2015 3,57
2014 0,97
2013 1,04
2012 0,47
2011 0,5
2010 0,39
2009 0,65
2008 0,61
2007 0,7
Shares Cash flow from operations per average number of shares, SEK
2016 3,56
2015 2,86
2014 -0,61
2013 -0,11
2012 0,14
2011 -0,1
2009 -0,1
2008 -0,18
2007 -0,33
Shares Shares at end of period, thousands
2016 313 097
2015 316 196
2014 292 106
2013 270 806
2012 239 041
2011 218 048
2010 198 348
2009 198 348
2008 60 764
2007 60 764
Shares Average share during the period, thousands
2016 321 830
2015 315 349
2014 287 574
2013 254 470
2012 228 841
2011 216 943
2010 210 719
2009 89 283
2008 101 419
2007 101 419
Shares Shares after dilution, average, thousands
2016 321 409
2015 321 372
2014 310 306
2013 276 441
2012 230 362
2011 216 943
2010 210 719
2009 89 283
2008 101 419
2007 101 419
Shares Dividend per share, SEK
Shares Share price at period end, SEK
2016 62,85
2015 118,2
2014 7
2013 10,9
2012 2,5
2011 1,9
2010 1,8
2009 0,7
2008 0,5
2007 2,6
Shares Market capitalization at period end, SEK M
2016 19 690
2015 37 374
2014 2 033
2013 2 938
2012 559
2011 406
2010 355
2009 131
2008 56
2007 160