Key figures
Multi-year overview (Key figures for the Group as a whole)
| Unit | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Net sales | SEK million | 938.5* | 1 000.9* | 1 064.0* | 818.3 | 827.6 | 937.4 | 958.5 |
| Gross profit | SEK million | 320.1* | 354.8* | 372.0* | 256.4 | 290.5 | 318.8 | 327.9 |
| Gross margin | % | 34.1* | 35.4* | 35.0* | 31.3 | 35.1 | 34.0 | 34.2 |
| Operating profit/loss | SEK million | 48.0 | 44.8 | 75.6 | -7.7 | 39.4 | 41.4 | 20.9 |
| Operating margin | % | 5.0* | 4.5* | 7.1* | -0.9 | 4.8 | 4.4 | 2.2 |
| Profit/loss after financial items | SEK million | 44.3 | 35.4 | 71.6 | -15.7 | 36.8 | 35.2 | 7.3 |
| Net margin | % | 4.7* | 3.5* | 6.7* | -1.9 | 4.4 | 3.8 | 0.8 |
| Total capital | SEK million | 852.0 | 829.1 | 935.4 | 798.2 | 839.5 | 922.8 | 899.8 |
| Capital employed | SEK million | 628.3 | 604.8 | 702.0 | 582.5 | 630.1 | 690.3 | 702.2 |
| Operating capital | SEK million | 610.2 | 582.0 | 677.1 | 565.4 | 595.7 | 638.9 | 651.9 |
| Equity | SEK million | 439.4 | 456.0 | 498.3 | 472.9 | 509.3 | 539.8 | 519.6 |
| Return on total capital | % | 5.8 | 5.8 | 9.5 | -0.3 | 5.4 | 5.5 | 3.5 |
| Return on capital employed | % | 7.8 | 7.9 | 12.8 | -0.4 | 7.3 | 7.4 | 4.6 |
| Return on operating capital | % | 7.9 | 7.5 | 12.0 | -1.2 | 6.8 | 6.7 | 3.2 |
| Return on equity | % | 7.7 | 5.1 | 11.4 | -2.3 | 5.7 | 5.0 | 0.5 |
| Debt/equity ratio | ggr | 0.43 | 0.32 | 0.38 | 0.23 | 0.24 | 0.28 | 0.35 |
| Share of risk-bearing capital | % | 54.0 | 57.7 | 55.7 | 61.7 | 63.0 | 60.7 | 59.5 |
| Interest coverage ratio | ggr | 9.8 | 3.7 | 6.9 | -0.2 | 5.97 | 3.59 | 1.3 |
| Equity/assets ratio | % | 51.6 | 55.1 | 53.3 | 59.2 | 60.7 | 58.5 | 57.7 |
| Cash flow from operating activities | SEK million | 58.5 | 90.4 | 68.3 | 118.9 | 36.6 | 31.5 | 30.1 |
| Investments in tangible fixed assets | SEK million | 19.7 | 22.8 | 16.7 | 6.9 | 9.8 | 11.9 | 23.2 |
| Average number of employees | people | 435 | 414 | 391 | 352 | 321 | 312 | 300 |
*Sales commission to agents and royalties to designers were previously reported as a reduction in net sales. To provide a more accurate picture, commission on sales is now classified under cost of goods sold and royalties to designers are classified under cost of sales. In accordance with IAS 1, comparative information has been recalculated.
Reconciliation of non-IFRS key figures
| Unit | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | jan-mar 2024 | apr-jun 2024 | jul-sep 2024 | oct-dec 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | ||||||||||||
| Gross profit | SEK million | 320.1* | 354.8* | 372.0* | 256.4 | 290.5 | 318.8 | 327.9 | 70.5 | 72.0 | 68.3 | |
| Net sales | SEK million | 938.5* | 1000.9* | 1064.0* | 818.3 | 827.6 | 937.4 | 958.5 | 209.0 | 212.0 | 188.7 | |
| Gross margin | % | 34.1* | 35.4* | 35.0* | 31.3 | 35.1 | 34.0 | 34.2 | 33.7 | 33.9 | 36.2 | |
| Operating margin | ||||||||||||
| Operating profit/loss | SEK million | 48.0 | 44.8 | 75.6 | -7.7 | 39.4 | 41.4 | 20.9 | -9.6 | -13.6 | 4.4 | |
| Net sales | SEK million | 938.5* | 1000.9* | 1064.0* | 818.3 | 827.6 | 937.4 | 958.5 | 209.0 | 212.0 | 188.7 | |
| Operating margin | % | 5.0* | 4.5* | 7.1* | -0.9 | 4.8 | 4.4 | 2.2 | -4.6 | -6.4 | 2.3 | |
| Net margin | ||||||||||||
| Profit/loss after financial items | SEK million | 44.3 | 35.4 | 71.6 | -15.7 | 36.8 | 35.2 | 7.3 | -11.9 | -16.0 | 0.7 | |
| Net sales | SEK million | 938.5* | 1000.9* | 1064.0* | 818.3 | 827.6 | 937.4 | 958.5 | 209.0 | 212.0 | 188.7 | |
| Net margin | % | 4.7* | 3.5* | 6.7* | -1.9 | 4.4 | 3.8 | 0.8 | -5.7 | -7.5 | 0.4 | |
| Return on total capital | ||||||||||||
| Profit/loss after financial items | SEK million | 44.3 | 35.4 | 71.6 | -15.7 | 36.8 | 35.3 | 7.3 | - | - | - | |
| Financial expenses | SEK million | -5.0 | -13.3 | -12.0 | -13.1 | -7.4 | -13.6 | -24.6 | - | - | - | |
| Average total capital | SEK million | 855 | 845 | 878 | 867 | 819 | 881 | 911.3 | - | - | - | |
| Return on total capital | % | 5.8 | 5.8 | 9.5 | -0.3 | 5.4 | 5.5 | 3.5 | - | - | - | |
| Return on capital employed | ||||||||||||
| Profit/loss after financial items (restated full year) | SEK million | 44.3 | 35.4 | 71.6 | -15.7 | 36.8 | 35.2 | 7.3 | -47.6 | -64.0 | 2.8 | |
| Financial expenses (restated full year) | SEK million | -5.0 | -13.3 | -12.0 | -13.1 | -7.4 | -13.6 | -24.6 | -24.0 | -22.1 | -30.5 | |
| Average capital employed | SEK million | 635 | 620 | 655 | 642 | 606 | 660 | 696.3 | 710.3 | 701.4 | 700.7 | |
| Return on capital employed | % | 7.8 | 7.9 | 12.8 | -0.4 | 7.3 | 7.4 | 4.6 | -3.3 | -6.0 | 4.7 | |
| Return on operating capital | ||||||||||||
| Operating profit/loss | SEK million | 48.0 | 44.8 | 75.6 | -7.7 | 39.4 | 41.4 | 20.9 | - | - | - | |
| Average operating capital | SEK million | 610 | 600 | 630 | 621 | 581 | 617 | 645 | - | - | - | |
| Return on operating capital | % | 7.9 | 7.5 | 12.0 | -1.2 | 6.8 | 6.7 | 3.2 | - | - | - | |
| Return on equity | ||||||||||||
| Profit/loss for the year (restated full year) | SEK million | 32.9 | 22.7 | 55 | -11.1 | 27.6 | 26.1 | 2.8 | -39.6 | -49.1 | 0.5 | |
| Average equity | SEK million | 426 | 445 | 483 | 486 | 491 | 525 | 529.7 | 531.1 | 505.0 | 504.6 | |
| Return on equity | % | 7.7 | 5.1 | 11.4 | -2.3 | 5.7 | 5.0 | 0.5 | -7.5 | -9.7 | 0.1 | |
| Debt/equity ratio | ||||||||||||
| Interest-bearing liabilities | SEK million | 190 | 150 | 189 | 110 | 120.7 | 150.7 | 182.6 | 194.2 | 191.0 | 200.4 | |
| Equity | SEK million | 439 | 456 | 498 | 473 | 509.3 | 539.9 | 519.6 | 520.3 | 486.3 | 482.6 | |
| Debt/equity ratio | 0.43 | 0.32 | 0.38 | 0.23 | 0.24 | 0.28 | 0.35 | 0.37 | 0.39 | 0.42 | ||
| Share of risk-bearing capital | ||||||||||||
| Equity | SEK million | 439 | 456 | 498 | 473 | 509.3 | 539.8 | 519.6 | - | - | - | |
| Deferred tax | SEK million | 20.6 | 21.5 | 22.3 | 19.4 | 19.6 | 19.9 | 15.9 | - | - | - | |
| Balance sheet total | SEK million | 852 | 829 | 935 | 798 | 839.5 | 922.8 | 899.8 | - | - | - | |
| Share of risk-bearing capital | % | 54.0 | 57.7 | 55.7 | 61.7 | 6.0 | 60.7 | 59.5 | - | - | - | |
| Interest coverage ratio | ||||||||||||
| Profit/loss after financial items | SEK million | 44.3 | 35.4 | 71.6 | -15.7 | 36.8 | 35.3 | 7.3 | - | - | - | |
| Financial expenses | SEK million | -5.0 | -13.3 | -12.0 | -13.1 | -7.4 | -13.6 | -24.6 | - | - | - | |
| Räntetäckningsgrad | 9.8 | 3.7 | 6.9 | -0.20 | 5.97 | 3.59 | 1.30 | - | - | - | ||
| One-off and restructuring items | ||||||||||||
| Library Interiors | SEK million | - | - | - | -0.4 | 0 | - | - | - | - | ||
| Office Interiors | SEK million | - | - | - | -28.8 | -0.9 | - | -3.8 | - | - | - | |
| Group-wide functions | SEK million | - | - | - | -2 | 0 | - | -5.2 | - | - | - | |
| Adjusted operating profit | SEK million | - | - | - | 23.5 | 40.3 | - | -29.9 | - | - | - | |
| Adjusted operating margin | ||||||||||||
| Adjusted operating profit | SEK million | - | - | - | 23.5 | 40.3 | - | 29.9 | - | - | - | |
| Net sales | SEK million | - | - | - | 818.3 | 827.6 | - | 958.5 | - | - | - | |
| Adjusted operating margin | % | - | - | - | 2.9 | 4.9 | - | 3.1 | - | - | - | |
| Net debt | ||||||||||||
| Liquid Assets | SEK million | - | - | - | - | 34.4 | 51.6 | 50.3 | 60.8 | 19.4 | 28.2 | |
| Interest-bearing Liabilities | SEK million | - | - | - | - | 61.2 | 94.5 | 135.5 | 148.4 | 146.2 | 160.7 | |
| Interest-bearing Liabilities, IFRS 16 | SEK million | - | - | - | - | 59.6 | 56.2 | 47.1 | 45.8 | 44.7 | 39.7 | |
| Net Debt | SEK million | - | - | - | - | 86.4 | 99.1 | 132.3 | 133.4 | 171.4 | 172.2 |