Key figures

Multi-year overview (Key figures for the Group as a whole)

Unit201720182019202020212022
Net sales SEK million938.5*1 000.9*1 064.0*818.3827.6937.4
Gross profit SEK million320.1*354.8*372.0*256.4290.5318.8
Gross margin %34.1*35.4*35.0*31.335.134.0
Operating profit/loss SEK million48.044.875.6-7.739.441.4
Operating margin %5.0*4.5*7.1*-0.94.84.4
Profit/loss after financial items SEK million44.335.471.6-15.736.835.2
Net margin %4.7*3.5*6.7*-1.94.43.8
Total capital SEK million852.0829.1935.4798.2839.5922.8
Capital employed SEK million628.3604.8702.0582.5630.1690.3
Operating capital SEK million610.2582.0677.1565.4595.7638.9
EquitySEK million439.4456.0498.3472.9509.3539.8
Return on total capital %5.85.89.5-0.35.45.5
Return on capital employed %7.87.912.8-0.47.37.4
Return on operating capital %7.97.512.0-1.26.86.7
Return on equity %7.75.111.4-2.35.75.0
Debt/equity ratio ggr0.430.320.380.230.240.28
Share of risk-bearing capital %54.057.755.761.763.060.7
Interest coverage ratio ggr9.83.76.9-0.25.973.59
Equity/assets ratio %51.655.153.359.260.758.5
Cash flow from operating activities SEK million58.590.468.3118.936.631.5
Investments in tangible fixed assets SEK million19.722.816.76.99.811.9
Average number of employees people435414391352321312

*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

Unit201720182019202020212022jan-mar 2023apr-jun 2023jul-sep 2023oct-dec 2023jan-dec 2023
Gross margin
Gross profitSEK million320.1*354.8*372.0*256.4290.5318.884.273.277.992.6327.9
Net sales SEK million938.5*1000.9*1064.0*818.3827.6937.4259.4231.3209.7258.1958.5
Gross margin %34.1*35.4*35.0*31.335.134.032.531.637.135.934.2
Operating margin
Operating profit/loss SEK million48.044.875.6-7.739.441.48.4-13.712.21420.9
Net sales SEK million938.5*1000.9*1064.0*818.3827.6937.4259.4231.3209.7258.1958.5
Operating margin %5.0*4.5*7.1*-0.9 4.84.43.2-5.95.85.42.2
Net margin
Profit/loss after financial itemsSEK million44.335.471.6-15.736.835.24.2-16.19.89.47.3
Net sales SEK million938.5*1000.9*1064.0*818.3827.6937.4259.4231.3209.7258.1958.5
Net margin%4.7*3.5*6.7*-1.94.43.81.6-7.04.73.70.8
Return on total capital
Profit/loss after financial items SEK million44.335.471.6-15.736.835.3----
Financial expenses SEK million-5.0-13.3-12.0-13.1-7.4-13.6----
Average total capital SEK million855845878867819881----
Return on total capital %5.85.89.5-0.35.45.5----
Return on capital employed
Profit/loss after financial items (restated full year) SEK million44.335.471.6-15.736.835.216.8-64.439.237.67.3
Financial expenses (restated full year) SEK million-5.0-13.3-12.0-13.1-7.4-13.6-24-25.6-17.6-31.3-24.6
Average capital employed SEK million635620655642606660676698710.5696.3696.3
Return on capital employed %7.87.912.8-0.47.37.46.0-5.68.09.94.6
Return on operating capital
Operating profit/loss SEK million48.044.875.6-7.739.441.4----
Average operating capital SEK million610600630621581617----
Return on operating capital %7.97.512.0-1.26.86.7----
Return on equity
Profit/loss for the year (restated full year) SEK million32.922.755-11.127.626.112.8-60.439.219.62.8
Average equity SEK million426445483486491525535519527529.7529.7
Return on equity %7.75.111.4-2.35.75.02.4-11.67.43.70.5
Debt/equity ratio
Interest-bearing liabilities SEK million190150189110120.7150.7163.8202191.7182.6
EquitySEK million439456498473509.3539.9542524.4526.7519.6
Debt/equity ratio 0.430.320.380.230.240.280.300.390.360.35
Share of risk-bearing capital
EquitySEK million439456498473509.3539.8----
Deferred tax SEK million20.621.522.319.419.619.9----
Balance sheet total SEK million852829935798839.5922.8----
Share of risk-bearing capital %54.057.755.761.76.060.7----
Interest coverage ratio
Profit/loss after financial items SEK million44.335.471.6-15.736.835.3----
Financial expenses SEK million-5.0-13.3-12.0-13.1-7.4-13.6----
Räntetäckningsgrad9.83.76.9-0.205.973.59----
One-off and restructuring items
Library InteriorsSEK million----0.40-----
Office InteriorsSEK million----28.8-0.9---3.8---3.8
Group-wide functions SEK million----20---5.2---5.2
Adjusted operating profit SEK million---23.540.3---4.7--29.9
Adjusted operating margin
Adjusted operating profit SEK million---23.540.3---4.7-29.9
Net sales SEK million---818.3827.6--231.3-958.5
Adjusted operating margin %---2.94.9---2.0-3.1
Net debt
Liquid AssetsSEK million----34.451.642.2493850.3
Interest-bearing LiabilitiesSEK million----61.294.5107.2147.4140135.5
Interest-bearing Liabilities, IFRS 16SEK million----59.656.256.554.551.747.1
Net DebtSEK million----86.499.1121.5152.9153.7132.3