Financial information

Net sales for 2019 increased to SEK 9,872 m (9,326), of which organic growth amounted to 3 percent. The adjusted operating profit amounted to SEK 915 m (634). The adjusted operating margin amounted to 9.3 percent (6.8).

 

Lindab’s net sales, profit and various key figures are shown in the table below.

 

Year in briefKey figuresSales Cash flowCapital Data per share
RESULT
Year 2019 1)
Year 2018
Year 2017
Year 2016
Year 2015
Net sales
9,872
9,326
8,242
7,849
7,589
Growth, %
6
13
5
3
8
     of which organic growth
3
8
4
4
2
     of which
     acquisitions/divestments
0
1
0
0
4
     of which currency effect
3
4
1
-1
2
Operating profit before depreciation/amortisation - EBITDA
1,315
715
654
657
637
Adjusted operating profit
915
634
511
511
463
Earnings before tax
881
531
467
445
431
Profit for the year
678
394
347
306
305
Cash flow from operating activities
1,017
593
410
499
460
Adjusted operating margin, %
9.3
6.8
6.2
6.5
6.1
Shareholders' equity
5,027
4,464
4,130
3,849
3,511
Net debt
1,771
1,052
1,305
1,396
1,657
Return on shareholders' equity, %
14.3
9.1
8.8
8.4
8.8
Return on capital employed, %
13.6
9.4
8.8
8.8
8.6
Net debt/equity ratio, times
0.4
0.2
0.3
0.4
0.5
Average no. of employees
5,202
5,126
5,143
5,134
5,052
Intangible assets and tangible fixed assets
278
120
100
125
151
One-off items for
 
– 2019, no one-off items or restructuring costs.
 

2018, totalling SEK –87 m relating to evaluation of structural alternatives, restructuring costs and measures associated with cost reduction programme, where of SEK –45 is related to central costs.
 
– 2017, totalling SEK –19 m, relating to severance costs for the President and CEO, evaluation of structural alternatives and governance project.
 
 
– 2016, totalling SEK –28 m, comprise a cost-reduction programme and governance project.
 
 
– 2015, totalling SEK 6 m, consist of structure-related items, cost-reduction iniatives, reversal of negative goodwill and governance project.
 
 
For Lindab, one-off items and restructuring costs are considered to exist in the case of events that are not among regular business transactions and each individual amount is of a considerable size, and could therefore have an effect on the profit or loss and key performance indicators.

 1) Reported values for 2019 includes the impact of implemented accouting standard, IFRS 16 Leases. 

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