Sales and earnings

SCA’s operating profit for 2015, excluding items affecting comparability, rose 10% compared with the preceding year. A better price/mix, higher volumes and cost savings contributed to the earnings improvement.

Net sales

SCA’s net sales for 2015 increased 11% compared with the preceding year and amounted to SEK 115,316m (104,054). Organic sales growth, which excludes exchange rate effects, acquisitions and divestments, was 5%, of which volume accounted for 3% and price/mix for 2%. Organic sales growth was 2% in mature markets and 11% in emerging markets.

Profit

SCA’s operating profit for 2015, excluding items affecting comparability totaling SEK –2,067m (–1,400), increased 10% compared with the preceding year and amounted to SEK 13,014m (11,849).

Financial items decreased to SEK –955m (–961). The decrease was attributable to lower average net debt, which compensated for somewhat higher interest rates during the year. Profit before tax, excluding items affecting comparability, rose 11% to SEK 12,059m (10,888). The average tax rate for the year’s profit, excluding items affecting comparability, was 27.4%. Profit for the year, excluding items affecting comparability after tax of SEK –1,301m (–1,176), amounted to SEK 8,753m (8,244). Earnings per share attributable to owners of the Parent amounted to SEK 11.82 (11.07) excluding items affecting comparability and to SEK 9.97 (9.40) including items affecting comparability.

Key figures

The Group’s gross margin amounted to 25.9%, compared with 25.5% in the preceding year, and the operating margin, excluding items affecting comparability, was 11.3%, compared with 11.4% in 2014. The return on capital employed, excluding items affecting comparability, improved to 12% (11). The return on equity was 12% (12). The interest coverage ratio rose to 11.5, compared with 10.9 in the preceding year.

Summary income statement

SEKm

2015

2014

2013 2)

1)

Excluding items affecting comparability amounting to SEK –2,067m before tax and SEK –1,301m after tax for 2015, SEK –1,400m before tax and SEK –1,176m after tax for 2014 and SEK –1,239m before tax and SEK –820m after tax for 2013.

2)

Restated in accordance with IFRS 10 and 11.

Net sales

115,316

104,054

92,873

Gross profit

29,840

26,534

23,288

Operating profit 1)

13,014

11,849

10,381

Financial items

–955

–961

–1,061

Profit before tax 1)

12,059

10,888

9,320

Tax 1)

–3,306

–2,644

–2,639

Profit for the year 1)

8,753

8,244

6,681

Net sales, share of Group

Net sales, share of Group (pie chart)Net sales, share of Group (pie chart)

Operating profit and operating margin

Operating profit and operating margin (bar chart)Operating profit and operating margin (bar chart)

Excluding items affecting comparability.
2012 and 2013 restated in accordance with IFRS 10 and 11.

Earnings per share after dilution effects

Earnings per share after dilution effects (bar chart)Earnings per share after dilution effects (bar chart)

Excluding items affecting comparability.
2012 and 2013 restated in accordance with IFRS 10 and 11.