Ten-year summary and definitions
| Income statement | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenues, SEK M | 403.2 | 705.4 | 861.8 | 1,355.8 | 1,255.7 | 1,458.6 | 1,535.1 | 2,966.0 | 6,638.3 | 2,900.5 |
| Gross profit, SEK M | 45.6 | 89.6 | 166.4 | 396.9 | 275.2 | 331.1 | 2.4 | 988.9 | 3,165.3 | 1,255.3 |
| Gross margin, % | 11.3 | 12.7 | 19.3 | 29.3 | 21.9 | 22.7 | 0.2 | 33.3 | 47.7 | 43.0 |
| Operating profit, SEK M | -521.7 | -320.4 | -631.0 | -7.6 | -365.8 | -14.4 | -771.6 | 154.6 | 2,578.5 | 910.3 |
| Operating margin, % | -129.4 | -45.4 | -73.2 | -0.6 | -29.1 | -1.0 | -50.3 | 5.2 | 38.8 | 31.0 |
| Profit for the year, SEK M | -688.3 | -339.8 | -586.0 | 0.1 | -340.8 | -13.6 | -630.7 | 120.3 | 2,034.7 | 798.3 |
| Profit margin, % | -170.7 | -49.2 | -68.0 | 0.0 | -27.1 | -0.9 | -41.1 | 4.1 | 30.7 | 28.0 |
| Depreciation and amortization, SEK M | -90.9 | -62.3 | -81.6 | -93.2 | -84.6 | -141.3 | -117.8 | -79.4 | -48.6 | -43.4 |
| Impairment, SEK M | -287.6 | -4.7 | -433.4 | 0.0 | -340.6 | 0.0 | -148.6 | – | – | – |
| EBITDA, SEK M | -143.2 | -242.2 | -116.0 | 85.6 | 59.4 | 128.7 | -505.2 | 234.0 | 2,627.1 | 953.7 |
| Financial position - Balance sheet | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
| Intangible assets, SEK M | 229.8 | 504.8 | 538.0 | 838.5 | 759.3 | 1,127.8 | 1,102.7 | 1,188.3 | 71.4 | 49.7 |
| Property, plant and equipment, SEK M | 1.6 | 3.0 | 4.3 | 6.5 | 7.0 | 15.8 | 30.2 | 46.6 | 29.2 | 20.6 |
| Financial assets, SEK M | 56.0 | 171.6 | 121.8 | 53.6 | 46.9 | 18.3 | 27.8 | – | – | 1.0 |
| Inventories, SEK M | 48.0 | 133.5 | 304.1 | 159.3 | 136.3 | 253.4 | 347.5 | 646.1 | 672.7 | 153.0 |
| Accounts receivable, SEK M | 56.0 | 120.6 | 128.3 | 280.0 | 196.2 | 197.3 | 232.7 | 437.5 | 1,132.1 | 617.9 |
| Other receivables + prepaid expenses, SEK M | 13.1 | 25.7 | 49.6 | 62.6 | 27.5 | 27.7 | 37.8 | 313.1 | 435.4 | 36.6 |
| Cash and cash equivalents + investments in securities, etc., SEK M | 12.1 | 109.9 | 274.1 | 374.3 | 377.0 | 563.9 | 540.5 | 920.2 | 1,162.2 | 1,031.3 |
| Shareholders' equity, SEK M | 276.6 | 684.2 | 866.5 | 1,027.2 | 1,182.9 | 1,798.9 | 1,775.5 | 2,330.8 | 2,226.1 | 1,146.8 |
| Deferred tax, SEK M | 0.7 | 6.6 | 13.0 | 16.6 | 20.6 | 38.6 | 51.9 | 189.8 | 136.3 | – |
| Non-current liabilities, SEK M | 2.7 | 71.9 | 306.1 | 304.2 | 9.7 | 11.8 | – | 221.9 | – | – |
| Current liabilities, SEK M | 145.0 | 320.9 | 259.9 | 451.0 | 361.9 | 387.8 | 491.8 | 809.3 | 1,140.6 | 763.2 |
| Working capital, SEK M | -15.8 | 68.9 | 496.3 | 425.2 | 375.2 | 654.5 | 666.7 | 1,507.6 | 2,261.8 | 1,075.6 |
| Total assets, SEK M | 425.0 | 1,083.6 | 1,445.5 | 1,799.0 | 1,575.1 | 2,237.1 | 2,319.2 | 3,551.8 | 3,503.0 | 1,910.1 |
| Inventory turnover rate, days | 120.8 | 127.9 | 120.0 | 55.5 | 71.5 | 95.9 | 116.7 | 120.0 | 43.0 | 29.0 |
| Average credit period, days | 79.9 | 63.5 | 85.3 | 63.2 | 56.4 | 53.1 | 78.6 | 95.0 | 47.0 | 46.0 |
| Return on capital employed, % | -183.0 | -41.8 | -52.5 | -0.1 | -30.7 | -0.8 | -43.5 | 6.0 | 117.0 | 126.0 |
| Return on equity, % | -118.0 | -2.5 | -1.8 | -1.6 | -1.2 | -1.0 | -38.8 | 5.0 | 121.0 | 110.0 |
| Return on total capital, % | -122.8 | -29.1 | -42.6 | 0.0 | -23.2 | -0.6 | -33.3 | 4.0 | 75.0 | 78.0 |
| Equity/assets ratio, % | 65.1 | 63.1 | 59.9 | 57.1 | 75.1 | 80.4 | 76.6 | 66.0 | 63.5 | 60.0 |
| Cash flow | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
| Cash flow from operating activities, SEK M | -207.6 | -88.3 | -334.1 | 24.3 | 158.1 | 160.4 | 274.6 | 376.9 | 1,130.3 | 910.4 |
| Cash flow from investing activities, SEK M | -11.6 | -46.1 | -104.6 | -91.0 | -119.1 | -115.4 | -162.6 | -1,071.0 | -78.3 | -26.0 |
| Cash flow from financing activities, SEK M | 118.1 | -25.7 | 328.4 | 58.4 | -209.2 | -19.7 | -507.7 | 481.7 | -955.7 | 47.4 |
| Cash flow for the year, SEK M | -101.1 | -160.1 | -110.3 | -8.3 | -170.2 | 25.3 | -395.7 | -212.4 | 96.3 | 931.8 |
| The Share | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
| Earnings per share, SEK | -0.24 | -0.31 | -1.92 | 0.00 | -1.10 | -0.04 | -2.01 | 0.38 | 6.40 | 2.53 |
| Earnings per share after full dilution, SEK | -0.24 | -0.31 | -1.92 | 0.00 | -1.10 | -0.04 | -2.01 | 0.38 | 6.33 | 2.48 |
| Cash and cash equivalents + investment at year-end/share, SEK | 0.00 | 0.19 | 0.65 | 1.27 | 1.25 | 1.80 | 1.72 | 2.93 | 3.70 | 3.26 |
| Equity per share, SEK | 0.08 | 1.15 | 2.06 | 3.49 | 3.92 | 5.73 | 5.66 | 7.42 | 7.11 | 3.63 |
| Equity per share, after full conversion, SEK | 0.08 | 1.15 | 2.06 | 3.49 | 3.92 | 5.73 | 5.66 | 7.42 | 7.09 | 3.57 |
| Cash flow from operating activities per average number of shares, SEK | -0.07 | -0.19 | -1.10 | 0.08 | 0.51 | 0.51 | 0.87 | 1.20 | 3.56 | 2.86 |
| Shares at end of period, 000 | 3,664,387 | 593,090 | 420,693 | 294,200 | 301,544 | 313,967 | 313,967 | 313,967 | 313,967 | 316,196 |
| Average number of shares during the year, 000 | 2,863,139 | 1,105,210 | 304,741 | 295,351 | 308,829 | 313,967 | 313,967 | 313,967 | 317,726 | 315,349 |
| Number of shares after dilution, average, 000 | 2,863,139 | 1,105,210 | 306,394 | 295,351 | 308,829 | 313,967 | 313,967 | 313,967 | 321,408 | 321,372 |
| Dividend per share, SEK | – | – | – | – | – | – | – | – | – | – |
| Share price at end of period, SEK | 0.04 | 1.72 | 2.93 | 20.68 | 17.41 | 18.88 | 10.13 | 15.81 | 62.85 | 118.20 |
| Market capitalization at end of period, SEK M | 128.0 | 1,020.1 | 1,290.8 | 6,084.1 | 5,249.9 | 5,927.7 | 3,180.5 | 4,963.8 | 19,732.8 | 37,374.0 |
| Anställda vid periodens slut | 53 | 159 | 223 | 261 | 240 | 225 | 220 | 415 | 306 | 150 |
Definitions
Most of these key figures are Alternative Performance Measures according to ESMA’s definition. How these key figures are used is described below, as is how they are calculated. The alternative performance measures are used to provide a more comprehensive description of how operational activities are developing, such as gross margin, gross profit, operating margin, EBITDA and revenue increase, while other alternative performance measures focus on the owner perspective, such as return on equity, and cases where certain balance sheet items or cash flow items are placed in relation to the number of shares. In addition, the equity/assets ratio is provided to describe the financial position and long-term financial sustainability.
Average credit period
Average value of accounts receivable over the period in relation to net sales, multiplied by 360 days.
Average number of shares
Average number of shares in the period.
Average number of shares after dilution
Average number of shares plus an increase by the average number of shares that could be issued as a result of current remuneration and personnel programs.
Capital employed
Equity plus interest bearing liabilities.
Cash flow from operating activities/share
Cash flow from operating activities after changes in working capital/average number of shares before and after dilution.
Cost of goods sold
Cost of materials, production expenses and amortization according to plan of capitalized development expenditure.
Earnings per share after dilution
Earnings per share plus adjustment for the number of shares and the paid exercise price resulting from current remuneration and personnel programs. Earnings per share after dilution can never exceed earnings per share before dilution.
Earnings per share for the period
Profit for the period/number of shares outstanding at period end.
EBITDA
Earnings before interest, taxes, depreciation and amortization. Operating profit before financial income/expense, taxes, depreciation/amortization and impairment losses.
Equity/assets ratio
Shareholders’ equity divided by total assets.
Gross margin
Gross profit as a percentage of net sales.
Gross profit
Revenues less cost of goods sold.
Inventory turnover rate, days
Average value of inventory over the period in relation to cost of goods sold, multiplied by 360 days.
Net cash
Cash and cash equivalents less interest-bearing debt.
Net margin
Profit for the period as a percentage of revenues.
Number of shares outstanding at period end
Number of shares less bought back shares held in treasury.
Operating margin
Operating profit as a percentage of revenues.
Operating profit
Operating profit before financial income/expenses and tax.
Profit for the year
Profit after financial income/expenses and tax.
Return on capital employed
Operating profit + financial income as a percentage of capital employed.
Return on equity
Profit for the period in relation to average shareholders’ equity for the period. Average shareholders’ equity is defined as shareholders’ equity at the start of the period plus shareholders’ equity at the end of the period divided by two.
Revenue increase
The increase in revenues compared to the corresponding period one year previously, and expressed as a percentage.
Return on total capital
Operating profit + financial income as a percentage of total capital.
Shareholders’ equity per share
Shareholders’ equity attributable to equity holders of the Parent Company divided by the number of shares outstanding, before dilution, at the end of the period.
Shareholders’ equity per share after dilution
See ”Shareholders’ equity per share” plus adjustment for the number of shares and the paid exercise price in current remuneration and personnel programs.
Working capital
Current assets less current non-interestbearing provisions and liabilities.