Key Ratios

Key Ratios 2016 2015 2014 2013 2012
Return on capital
Return on operating capital, percent 9,0 7,5 15,9 19,9 neg.
Return on total assets, percent 5,4 4,5 8,2 10 neg.
Return on equity, percent 9,1 8,7 25,7 16,8 neg.
Return on capital employed, percent 7,4 6,2 11,1 13,6 neg.
Profitability
EBITDA margin, percent 19,5 16,6 16,8 13,4 6,4
Operating profit margin (EBIT), percent 8,8 6,6 10,1 10,6 neg.
Profit margin, percent 8,5 4,9 12,6 8,5 neg.
Labor and capital intensity
Revenue growth, percent 2,8 12,8 39,2 123,5 103,9
Turnover per employee, SEK thousands 1 019 1 014 807 1 202 1 104
Value added per employee, SEK thousands 687 665 518 664 525
EBITDA per employee, SEK thousands 199 169 136 163 71
Capital turnover rate, times 1,1 1,2 1,7 2,1 1,2
Financial indicators
Interest bearing debt, SEK thousands 1 192 068 960 274 1 062 921 534 528 414 226
Net debt, SEK thousands 684 768 704 060 681 621 81 605 317 262
Net debt / equity ratio, times 0,7 0,8 1,1 0,2 1,2
Interest coverage ratio, times 2,5 2,0 3,4 4,7 neg.
Equity ratio, percent 34,6 33,8 27,4 34,3 28,3
Acid test ratio, percent 115,9 71,6 97,2 174,0 69,4
Average number of employees 1 666 1 627 1 813 872 425
Average number of employees at year-end 1 691 1 605 1 754 868 863
Data Per Share
Number of shares at period end, before dilution 288 711 959 288 711 959 253 163 419 251 429 777 231 674 455
Number of shares at period end, after dilution 300 090 716 294 590 716 260 765 089 260 984 919 237 381 103
Average number of shares, before dilution 288 711 959 280 403 116 259 136 339 244 604 311 225 532 832
Average number of shares, after dilution 300 090 716 286 281 873 266 738 009 254 159 453 231 239 480
Equity per share before dilution 3,56 3,08 2,52 1,85 1,13
Equity per share after dilution 3,43 3,02 2,45 1,78 1,10
Earnings per share before dilution 0,30 0,24 0,55 0,25 -0,01
Earnings per share after dilution 0,29 0,23 0,53 0,24 -0,01
Dividends per share before dilution 0,12 0,10 0,09 0,06 0,02
Dividends per share after dilution 0,12 0,10 0,09 0,06 0,02
Cash flow per share before dilution 0,71 0,72 0,61 0,47 0,25
Cash flow per share after dilution 0,68 0,70 0,59 0,45 0,25
Key Ratios Return on capital
Key Ratios Return on operating capital, percent
2016 9,0
2015 7,5
2014 15,9
2013 19,9
2012 neg.
Key Ratios Return on total assets, percent
2016 5,4
2015 4,5
2014 8,2
2013 10
2012 neg.
Key Ratios Return on equity, percent
2016 9,1
2015 8,7
2014 25,7
2013 16,8
2012 neg.
Key Ratios Return on capital employed, percent
2016 7,4
2015 6,2
2014 11,1
2013 13,6
2012 neg.
Key Ratios Profitability
Key Ratios EBITDA margin, percent
2016 19,5
2015 16,6
2014 16,8
2013 13,4
2012 6,4
Key Ratios Operating profit margin (EBIT), percent
2016 8,8
2015 6,6
2014 10,1
2013 10,6
2012 neg.
Key Ratios Profit margin, percent
2016 8,5
2015 4,9
2014 12,6
2013 8,5
2012 neg.
Key Ratios Labor and capital intensity
Key Ratios Revenue growth, percent
2016 2,8
2015 12,8
2014 39,2
2013 123,5
2012 103,9
Key Ratios Turnover per employee, SEK thousands
2016 1 019
2015 1 014
2014 807
2013 1 202
2012 1 104
Key Ratios Value added per employee, SEK thousands
2016 687
2015 665
2014 518
2013 664
2012 525
Key Ratios EBITDA per employee, SEK thousands
2016 199
2015 169
2014 136
2013 163
2012 71
Key Ratios Capital turnover rate, times
2016 1,1
2015 1,2
2014 1,7
2013 2,1
2012 1,2
Key Ratios Financial indicators
Key Ratios Interest bearing debt, SEK thousands
2016 1 192 068
2015 960 274
2014 1 062 921
2013 534 528
2012 414 226
Key Ratios Net debt, SEK thousands
2016 684 768
2015 704 060
2014 681 621
2013 81 605
2012 317 262
Key Ratios Net debt / equity ratio, times
2016 0,7
2015 0,8
2014 1,1
2013 0,2
2012 1,2
Key Ratios Interest coverage ratio, times
2016 2,5
2015 2,0
2014 3,4
2013 4,7
2012 neg.
Key Ratios Equity ratio, percent
2016 34,6
2015 33,8
2014 27,4
2013 34,3
2012 28,3
Key Ratios Acid test ratio, percent
2016 115,9
2015 71,6
2014 97,2
2013 174,0
2012 69,4
Key Ratios Average number of employees
2016 1 666
2015 1 627
2014 1 813
2013 872
2012 425
Key Ratios Average number of employees at year-end
2016 1 691
2015 1 605
2014 1 754
2013 868
2012 863
Key Ratios Data Per Share
Key Ratios Number of shares at period end, before dilution
2016 288 711 959
2015 288 711 959
2014 253 163 419
2013 251 429 777
2012 231 674 455
Key Ratios Number of shares at period end, after dilution
2016 300 090 716
2015 294 590 716
2014 260 765 089
2013 260 984 919
2012 237 381 103
Key Ratios Average number of shares, before dilution
2016 288 711 959
2015 280 403 116
2014 259 136 339
2013 244 604 311
2012 225 532 832
Key Ratios Average number of shares, after dilution
2016 300 090 716
2015 286 281 873
2014 266 738 009
2013 254 159 453
2012 231 239 480
Key Ratios Equity per share before dilution
2016 3,56
2015 3,08
2014 2,52
2013 1,85
2012 1,13
Key Ratios Equity per share after dilution
2016 3,43
2015 3,02
2014 2,45
2013 1,78
2012 1,10
Key Ratios Earnings per share before dilution
2016 0,30
2015 0,24
2014 0,55
2013 0,25
2012 -0,01
Key Ratios Earnings per share after dilution
2016 0,29
2015 0,23
2014 0,53
2013 0,24
2012 -0,01
Key Ratios Dividends per share before dilution
2016 0,12
2015 0,10
2014 0,09
2013 0,06
2012 0,02
Key Ratios Dividends per share after dilution
2016 0,12
2015 0,10
2014 0,09
2013 0,06
2012 0,02
Key Ratios Cash flow per share before dilution
2016 0,71
2015 0,72
2014 0,61
2013 0,47
2012 0,25
Key Ratios Cash flow per share after dilution
2016 0,68
2015 0,70
2014 0,59
2013 0,45
2012 0,25

1) Average number of shares has been restated for 2012-2015 with regard to the bonus issue element in rights issues. This has affected the key
figure calculations for this period.
2) Outstanding options give rise to a dilution effect because the discounted redemption price for the options is below the average rate of the base
shares during the periods 2012-2016. The dilution effect with reference made to the option program is calculated according to the dilution that
applied at the end of each period.