Five year summary Full-year, 1 December - 30 November. 2016 2017 2018 2019 2020 Net sales, SEK m 192,267 200,004 210,400 232,755 187,031 Change in net sales from previous year in SEK, % 6 4 5 11 -20 Change in net sales from previous year in local currencies, % 7 3 3 6 -18 Operating profit, SEK m 23,823 20,569 15,493 17,346 3,099 Operating margin, % 12.4 10.3 7.4 7.5 1.7 Depreciation and amortisation for the year, SEK m 7,605 8,488 9,671 11,051 25,953 Profit after financial items, SEK m 24,039 20,809 15,639 17,391 2,052 Profit after tax, SEK m 18,636 16,184 12,652 13,443 1,243 Cash and cash equivalents and short-term investments, SEK m 9,446 9,718 11,590 12,312 16,540 Stock-in-trade, SEK m 31,732 33,712 37,721 37,823 38,209 Equity, SEK m 61,236 59,713 58,546 57,069 54,623 Number of shares, thousands* 1,655,072 1,655,072 1,655,072 1,655,072 1,655,072 Earnings per share, SEK* 11.26 9.78 7.64 8.12 0.75 Shareholders’ equity per share, SEK* 37.00 36.08 35.37 34.48 33.00 Cash flow from operating activities per share, SEK* 14.36 13.04 12.86 17.51 15.65 Dividend per share, SEK 9.75 9.75 9.75 ** ** Return on equity, % 31.2 26.8 21.4 23.3 2.2 Return on capital employed, % 39.2 31.0 21.2 23.0 3.2 Share of risk-bearing capital, % 67.1 61.0 53.6 51.0 33.6 Equity/assets ratio, % 62.1 56.0 49.3 47.4 31.3 Total number of stores 4,351 4,739 4,968 5,076 5,018 Average number of employees 114,586 120,191 123,283 126,376 110,325 Key figure definitions Return on shareholders’ equity-Profit for the year divided by shareholders’ equity. Return on capital employed-Profit after financial items plus interest expense divided by shareholders’ equity plus interest-bearing liabilities. Debt/equity ratio-Interest-bearing liabilities divided by shareholders’ equity. Share of risk-bearing capital-Shareholders’ equity plus deferred tax liability divided by the balance sheet total. Equity/assets ratio-Shareholders’ equity in relation to balance sheet total. Interest cover-Profit after financial items plus interest expense divided by interest expense. 2016–2019 are excluding IFRS 16. * Before and after dilution. ** Proposed by the board of directors. For definitions of key figures see the annual report. Related Reports and presentations Corporate governance The share Contact us Media contacts Subscribe Privacy Notice Sitemap Cookie settings We care about your privacy By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Read more in our Privacy Policy Accept all cookies Only required cookies Cookie settings