Key figures
Multi-year overview (Key figures for the Group as a whole)
| Unit | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Net sales | MSEK | 938.5* | 1 000.9* | 1 064.0* | 818.3 | 827.6 | 937.4 | 958.5 | |
| Gross profit | MSEK | 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 | MSEK | 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 | MSEK | 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 | MSEK | 852.0 | 829.1 | 935.4 | 798.2 | 839.5 | 922.8 | 899.8 | |
| Capital employed | MSEK | 628.3 | 604.8 | 702.0 | 582.5 | 630.1 | 690.3 | 702.2 | |
| Operating capital | MSEK | 610.2 | 582.0 | 677.1 | 565.4 | 595.7 | 638.9 | 651.9 | |
| Equity | MSEK | 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 | ratio | 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 | ratio | 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 | MSEK | 58.5 | 90.4 | 68.3 | 118.9 | 36.6 | 31.5 | 30.1 | |
| Investments in tangible fixed assets | MSEK | 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 | MSEK | 320.1* | 354.8* | 372.0* | 256.4 | 290.5 | 318.8 | 327.9 | 70.5 | 72.0 | 68.3 | 70.6 |
| Net sales | MSEK | 938.5* | 1000.9* | 1064.0* | 818.3 | 827.6 | 937.4 | 958.5 | 209.0 | 212.0 | 188.7 | 261.1 |
| Gross margin | % | 34.1* | 35.4* | 35.0* | 31.3 | 35.1 | 34.0 | 34.2 | 33.7 | 33.9 | 36.2 | 27.0 |
| Operating margin | ||||||||||||
| Operating profit/loss | MSEK | 48.0 | 44.8 | 75.6 | -7.7 | 39.4 | 41.4 | 20.9 | -9.6 | -13.6 | 4.4 | -69.7 |
| Net sales | MSEK | 938.5* | 1000.9* | 1064.0* | 818.3 | 827.6 | 937.4 | 958.5 | 209.0 | 212.0 | 188.7 | 261.1 |
| Operating margin | % | 5.0* | 4.5* | 7.1* | -0.9 | 4.8 | 4.4 | 2.2 | -4.6 | -6.4 | 2.3 | -26.7 |
| Net margin | ||||||||||||
| Profit/loss after financial items | MSEK | 44.3 | 35.4 | 71.6 | -15.7 | 36.8 | 35.2 | 7.3 | -11.9 | -16.0 | 0.7 | -72.5 |
| Net sales | MSEK | 938.5* | 1000.9* | 1064.0* | 818.3 | 827.6 | 937.4 | 958.5 | 209.0 | 212.0 | 188.7 | 261.1 |
| Net margin | % | 4.7* | 3.5* | 6.7* | -1.9 | 4.4 | 3.8 | 0.8 | -5.7 | -7.5 | 0.4 | -27.8 |
| Return on total capital | ||||||||||||
| Profit/loss after financial items | MSEK | 44.3 | 35.4 | 71.6 | -15.7 | 36.8 | 35.3 | 7.3 | - | - | - | - |
| Financial expenses | MSEK | -5.0 | -13.3 | -12.0 | -13.1 | -7.4 | -13.6 | -24.6 | - | - | - | - |
| Average total capital | MSEK | 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) | MSEK | 44.3 | 35.4 | 71.6 | -15.7 | 36.8 | 35.2 | 7.3 | -47.6 | -64.0 | 2.8 | -290.1 |
| Financial expenses (restated full year) | MSEK | -5.0 | -13.3 | -12.0 | -13.1 | -7.4 | -13.6 | -24.6 | -24.0 | -22.1 | -30.5 | -27.1 |
| Average capital employed | MSEK | 635 | 620 | 655 | 642 | 606 | 660 | 696.3 | 710.3 | 701.4 | 700.7 | 655.6 |
| Return on capital employed | % | 7.8 | 7.9 | 12.8 | -0.4 | 7.3 | 7.4 | 4.6 | -3.3 | -6.0 | 4.7 | -40.1 |
| Return on operating capital | ||||||||||||
| Operating profit/loss | MSEK | 48.0 | 44.8 | 75.6 | -7.7 | 39.4 | 41.4 | 20.9 | - | - | - | - |
| Average operating capital | MSEK | 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) | MSEK | 32.9 | 22.7 | 55 | -11.1 | 27.6 | 26.1 | 2.8 | -39.6 | -49.1 | 0.5 | -270.6 |
| Average equity | MSEK | 426 | 445 | 483 | 486 | 491 | 525 | 529.7 | 531.1 | 505.0 | 504.6 | 469.9 |
| Return on equity | % | 7.7 | 5.1 | 11.4 | -2.3 | 5.7 | 5.0 | 0.5 | -7.5 | -9.7 | 0.1 | -57.6 |
| Debt/equity ratio | ||||||||||||
| Interest-bearing liabilities | MSEK | 190 | 150 | 189 | 110 | 120.7 | 150.7 | 182.6 | 194.2 | 191.0 | 200.4 | 188.7 |
| Equity | MSEK | 439 | 456 | 498 | 473 | 509.3 | 539.9 | 519.6 | 520.3 | 486.3 | 482.6 | 420.2 |
| Debt/equity ratio | 0.43 | 0.32 | 0.38 | 0.23 | 0.24 | 0.28 | 0.35 | 0.37 | 0.39 | 0.42 | 0.45 | |
| Share of risk-bearing capital | ||||||||||||
| Equity | MSEK | 439 | 456 | 498 | 473 | 509.3 | 539.8 | 519.6 | - | - | - | - |
| Deferred tax | MSEK | 20.6 | 21.5 | 22.3 | 19.4 | 19.6 | 19.9 | 15.9 | - | - | - | - |
| Balance sheet total | MSEK | 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 | MSEK | 44.3 | 35.4 | 71.6 | -15.7 | 36.8 | 35.3 | 7.3 | - | - | - | - |
| Financial expenses | MSEK | -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 | - | - | - | - | |
| Items affecting comparability | ||||||||||||
| Library Interiors | MSEK | - | - | - | -0.4 | 0 | - | - | - | - | -0.9 | |
| Office Interiors | MSEK | - | - | - | -28.8 | -0.9 | - | -3.8 | - | - | - | -89.3 |
| Group-wide functions | MSEK | - | - | - | -2 | 0 | - | -5.2 | - | - | - | -2.4 |
| Adjusted operating profit | MSEK | - | - | - | 23.5 | 40.3 | - | -29.9 | - | - | - | 22.9 |
| Adjusted operating margin | ||||||||||||
| Adjusted operating profit | MSEK | - | - | - | 23.5 | 40.3 | - | 29.9 | - | - | - | 22.9 |
| Net sales | MSEK | - | - | - | 818.3 | 827.6 | - | 958.5 | - | - | - | 261.1 |
| Adjusted operating margin | % | - | - | - | 2.9 | 4.9 | - | 3.1 | - | - | - | 8.8 |
| Net debt | ||||||||||||
| Liquid Assets | MSEK | - | - | - | - | 34.4 | 51.6 | 50.3 | 60.8 | 19.4 | 28.2 | 48.7 |
| Interest-bearing Liabilities | MSEK | - | - | - | - | 61.2 | 94.5 | 135.5 | 148.4 | 146.2 | 160.7 | 144.8 |
| Interest-bearing Liabilities, IFRS 16 | MSEK | - | - | - | - | 59.6 | 56.2 | 47.1 | 45.8 | 44.7 | 39.7 | 43.9 |
| Net Debt | MSEK | - | - | - | - | 86.4 | 99.1 | 132.3 | 133.4 | 171.4 | 172.2 | 140.0 |