Multi-year summary
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
| Growth | ||||||||||
| *Orders received, MSEK | 27 634 | 33 831 | 39 400 | 39 492 | 36 579 | 45 648 | 53 222 | 59 332 | 62 213 | 62 974 |
| *Total order growth, % | +0 | +22 | +16 | +0 | -7 | +25 | +17 | +11 | +6 | +1 |
| *Organic order growth, % | +3 | +20 | +13 | -5 | +0 | +26 | +2 | +1 | +3 | +7 |
| Revenues, MSEK | 27 102 | 31 364 | 38 285 | 40 849 | 36 122 | 39 645 | 49 694 | 60 343 | 63 604 | 61 998 |
| Total revenue growth, % | -5 | +16 | +22 | +7 | -12 | +10 | +25 | +21 | +5 | -3 |
| *Organic revenue growth, % | -3 | +14 | +18 | +1 | -5 | +12 | +11 | +9 | +2 | +2 |
| *Book-to-bill, % | 102 | 108 | 103 | 97 | 99 | 115 | 107 | 98 | 98 | 102 |
| Costs | ||||||||||
| Cost of sales, MSEK | -18 003 | -20 101 | -24 317 | -25 547 | -22 418 | -24 192 | -30 675 | -37 197 | -40 658 | -39 024 |
| Administrative expenses, MSEK | -1 879 | -2 121 | -2 589 | -3 261 | -2 817 | -3 166 | -3 628 | -4 105 | -4 531 | -4 498 |
| Marketing expenses, MSEK | -2 164 | -2 280 | -2 574 | -2 797 | -2 225 | -2 313 | -3 042 | -3 959 | -4 250 | -4 021 |
| Research and development expenses, MSEK | -662 | -795 | -977 | -1 035 | -1 032 | -1 172 | -1 438 | -1 930 | -2 282 | -1 966 |
| Research and development expenses, % of revenue | 2.4 | 2.5 | 2.6 | 2.5 | 2.9 | 3.0 | 2.9 | 3.2 | 3.6 | 3.2 |
| Profitability | ||||||||||
| Gross profit, MSEK | 9 099 | 11 263 | 13 968 | 15 302 | 13 704 | 15 453 | 19 019 | 23 146 | 22 946 | 22 974 |
| *Gross margin, % | 33.6 | 35.9 | 36.5 | 37.5 | 37.9 | 39.0 | 38.3 | 38.4 | 36.1 | 37.1 |
| *EBITDA, MSEK | 5 765 | 7 183 | 8 753 | 10 114 | 9 128 | 10 740 | 13 276 | 15 843 | 15 827 | 15 011 |
| *EBITDA margin, % | 21.3 | 22.9 | 22.9 | 24.8 | 25.3 | 27.1 | 26.7 | 26.3 | 24.9 | 24.2 |
| *Adjusted operating profit, MSEK | 7 779 | 8 582 | 7 669 | 9 098 | 11 755 | 13 117 | 12 624 | 12 962 | ||
| *Adjusted operating margin, % | 20.3 | 21.0 | 21.2 | 22.9 | 23.7 | 21.7 | 19.8 | 19.6 | ||
| Operating profit, MSEK | 4 548 | 5 930 | 7 385 | 8 136 | 7 382 | 8 995 | 11 147 | 13 183 | 12 385 | 11 925 |
| *Operating margin, % | 16.8 | 18.9 | 19.3 | 19.9 | 20.4 | 22.7 | 22.4 | 21.8 | 19.5 | 19.2 |
| Profit before tax, MSEK | 4 411 | 5 793 | 7 201 | 7 843 | 7 087 | 8 964 | 10 778 | 12 235 | 11 439 | 11 236 |
| *Profit margin, % | 16.3 | 18.5 | 18.8 | 19.2 | 19.6 | 22.6 | 21.7 | 20.3 | 18.0 | 18.1 |
| Profit for the period, MSEK | 3 231 | 4 298 | 5 437 | 5 884 | 5 410 | 7 069 | 8 411 | 9 458 | 8 756 | 8 599 |
| Capital efficiency | ||||||||||
| Capital employed, MSEK, period end | 23 933 | 19 286 | 25 927 | 31 838 | 34 700 | 35 329 | 44 534 | 51 437 | 65 398 | 63 473 |
| Average capital employed, MSEK | 23 167 | 21 674 | 23 086 | 29 518 | 34 033 | 34 485 | 39 794 | 48 815 | 60 153 | 63 023 |
| Average capital employed, excl. cash, MSEK | 22 696 | 20 812 | 19 469 | 23 221 | 21 818 | 21 543 | 29 477 | 42 896 | 51 916 | 54 309 |
| *Return on capital employed, % | 19.6 | 27.4 | 32.0 | 27.6 | 21.7 | 26.1 | 28.0 | 27.0 | 20.6 | 18.9 |
| *Capital employed turnover ratio | 1.4 | 1.7 | 1.4 | 1.1 | 1.1 | 1.2 | 1.2 | 1.1 | 1.0 | |
| Net debt (+)/Net cash (-), MSEK | 5 424 | 1 208 | 483 | -4 137 | -1 304 | 3 691 | 7 824 | 14 778 | 11 004 | |
| *Net debt/EBITDA ratio | 0.75 | 0.14 | 0.05 | -0.45 | -0.12 | 0.28 | 0.49 | 0.93 | 0.73 | |
| *Net Debt/equity, %, period end | 45.0 | 6.4 | 2.1 | -17.4 | -5.1 | 11.0 | 21.0 | 34.2 | 26.0 | |
| *Equity ratio, period end | 43.7 | 52.1 | 55.6 | 54.1 | 53.1 | 54.2 | 54.9 | 51.7 | 52.6 | |
| Net working capital, MSEK, average | 9 991 | 12 158 | 14 062 | 12 217 | 11 495 | 15 570 | 21 228 | 23 803 | 22 883 | |
| *Net working capital, MSEK, period end | 10 173 | 12 897 | 13 153 | 10 571 | 12 186 | 18 564 | 21 736 | 24 322 | 22 026 | |
| *Average net working capital, % of revenue | 31.9 | 31.8 | 34.4 | 33.8 | 29.0 | 31.3 | 35.2 | 37.4 | 36.9 | |
| Credit rating S&P, period end | BBB+ | BBB+ | BBB+ | BBB+ | BBB+ | BBB+ | BBB+ | BBB+ | ||
| Cash generation | ||||||||||
| *Operating cash flow, MSEK | 4 880 | 4 610 | 3 884 | 6 688 | 7 006 | 6 867 | 5 662 | 6 211 | 9 132 | 7 726 |
| Cash conversion rate, %, 12 months | 151 | 107 | 71 | 114 | 130 | 97 | 67 | 66 | 104 | 90 |
| Equity information | ||||||||||
| Basic number of shares outstanding, millions | 1 212 | 1 212 | 1 206 | 1 201 | 1 204 | 1 206 | 1 206 | 1 206 | 1 208 | 1 209 |
| Diluted number of shares outstanding, millions | - | - | 1 206 | 1 202 | 1 205 | 1 208 | 1 208 | 1 207 | 1 208 | 1 209 |
| Equity per share, SEK, period end | 12.70 | 9.94 | 15.63 | 19.02 | 19.71 | 21.38 | 27.80 | 30.80 | 35.70 | 35.00 |
| Basic earnings per share, SEK | 2.66 | 3.55 | 4.50 | 4.89 | 4.48 | 5.85 | 6.96 | 7.82 | 7.23 | 7.12 |
| Diluted earnings per share, SEK | - | - | 4.49 | 4.89 | 4.48 | 5.84 | 6.95 | 7.81 | 7.23 | 7.11 |
| *Return on equity, % | 29.1 | 33.2 | 28.3 | 22.7 | 29.5 | 28.4 | 26.8 | 22.2 | 20.9 | |
| *Operating cash flow per share, SEK | 4.00 | 3.80 | 3.20 | 5.57 | 5.82 | 5.69 | 4.69 | 5.15 | 7.56 | 6.39 |
| Dividend per share, SEK | 2.10 | 2.40 | 2.50 | 3.00 | 3.40 | 3.80 | 3.80 | 3,80** | ||
| Payout ratio, % | 47 | 49 | 56 | 51 | 49 | 49 | 53 | 53** | ||
| Redemption per share, SEK | 3.00 | - | - | - | - | - | ||||
* Several key figures are not defined according to IFRS. The alternative performance measures are marked with a * and are unchanged compared to previous periods. They provide complementary information aiming to help readers to analyze the company’s operations and facilitate an evaluation of performance. Since not all companies calculate financial performance measures in the same manner, these are not always comparable with measures used by other companies. These financial performance measures should therefore not be regarded as a replacement for measures as defined according to IFRS. For a full list of financial definitions, non-IFRS measures and calculations, see next page.
** Proposed by the Board of Directors.