Multi-year summary 1)

SEKm

2015

2014

2013 2)

2012 2)

2011

2010

2009

2008

2007

2006

1)

Up to 2009 including packaging operations, which were divested in June 2012.

2)

2012 and 2013 restated in accordance with IFRS 10 and 11.

3)

Net sales for SCA’s recycling business were reclassified to other income, with retroactive adjustment for 2009.

4)

2015, 2014, 2013, 2012, 2011, 2010, 2009 and 2007 include items affecting comparability of SEK –2,067m, SEK –1,400m, SEK –1,239m, SEK –2,614m, SEK –5,439m, SEK –702m, SEK –1,458m and SEK 300m.

5)

Calculation of average capital employed is based on five measurements.

6)

Key figures are defined in chapter Definitions and key figures.

7)

Net margin for 2012 excludes Profit for the period from disposal group.

8)

Dividend for 2015 relates to the proposed dividend.

9)

Includes the sale of securities, SEK 970m.

10)

Excludes the sale of securities, SEK 970m.

INCOME STATEMENT

 

 

 

 

 

 

 

 

 

 

Net sales 3)

115,316

104,054

92,873

89,229

81,337

82,731

109,358

110,449

105,913

101,439

Operating profit

10,947 9)

10,449

9,142

6,426

2,299

7,793

8,190

8,554

10,147

8,505

Personal Care

3,990

3,526

3,519

3,437

2,645

2,922

3,235

2,912

2,960

2,799

Tissue

7,217

6,652

5,724

4,778

3,150

3,041

3,946

2,375

1,724

1,490

Packaging

413

1,493

2,651

2,072

Forest Products

2,605

2,505

1,843

1,363

2,423

2,915

2,503

2,207

2,870

2,475

Other operations 4)

–2,865

–2,234

–1,944

–3,152

–5,919

–1,085

–1,907

–433

–58

–331

Financial income

205 10)

217

132

107

129

57

158

246

193

179

Financial expenses

–1,160

–1,178

–1,193

–1,430

–1,454

–1,227

–1,802

–2,563

–2,103

–1,851

Profit before tax

9,992

9,488

8,081

5,103

974

6,623

6,546

6,237

8,237

6,833

Tax

–2,540

–2,420

–2,220

–364

–1,267

–1,755

–1,716

–639

–1,076

–1,366

Profit for the period from disposal group

503

900

724

Profit for the year

7,452

7,068

5,861

5,242

607

5,592

4,830

5,598

7,161

5,467

 

 

 

 

 

 

 

 

 

 

 

BALANCE SHEET

 

 

 

 

 

 

 

 

 

 

Non-current assets (excl. financial receivables)

109,839

112,345

106,356

96,516

83,428

105,655

111,745

113,866

104,150

95,994

Receivables and inventories

35,194

34,124

31,077

29,736

25,577

31,890

30,605

36,121

33,793

29,907

Non-current assets held for sale

120

60

32

1,937

3,379

93

105

102

55

2,665

Financial receivables

1,403

3,140

3,190

3,577

2,083

3,254

2,062

2,499

3,663

2,970

Non-current financial assets

774

1,252

536

401

292

220

194

642

366

409

Cash and cash equivalents

5,042

3,815

3,785

2,118

2,644

1,866

5,148

5,738

3,023

1,599

Assets in disposal group held for sale

21,601

Total assets

152,372

154,736

144,976

134,285

139,004

142,978

149,859

158,968

145,050

133,544

Equity

70,401

67,622

63,271

59,706

60,752

67,255

67,156

66,450

63,590

58,299

Non-controlling interests

5,290

5,250

4,540

1,993

539

566

750

802

689

664

Provisions

13,847

15,295

13,079

14,027

12,651

13,908

13,351

13,292

14,199

14,240

Interest-bearing debt

34,980

39,692

39,305

35,204

37,834

37,297

44,766

52,886

42,323

38,601

Operating and other non-interest bearing liabilities

27,854

26,877

24,781

23,355

19,627

23,952

23,836

25,538

24,249

21,740

Liabilities in disposal group held for sale

7,601

Total liabilities and equity

152,372

154,736

144,976

134,285

139,004

142,978

149,859

158,968

145,050

133,544

Capital employed 5)

108,549

105,409

95,349

87,059

83,374

84,664

112,264

105,955

96,368

96,192

Net debt, incl. pension liabilities

–29,478

–35,947

–33,919

–33,063

–36,648

–34,406

–40,430

–47,002

–37,368

–36,399

 

 

 

 

 

 

 

 

 

 

 

CASH FLOW STATEMENT

 

 

 

 

 

 

 

 

 

 

Operating cash flow

12,921

11,184

8,893

9,927

7,418

8,725

14,133

7,813

8,127

6,304

Cash flow from current operations

9,890

8,149

6,252

7,441

5,306

6,490

11,490

3,810

4,508

2,772

Cash flow before dividend

7,001

6,031

574

8,279

2,671

5,049

8,483

77

1,473

1,538

Current capital expenditures

–4,162

–3,737

–3,489

–3,272

–3,250

–3,017

–4,037

–5,353

–5,165

–5,672

Strategic capital expenditures, non-current assets

–3,125

–1,816

–1,906

–1,971

–1,637

–2,254

–3,031

–3,109

–1,342

–935

Company acquisitions

–93

–508

–5,488

–14,873

–983

–484

–51

–1,764

–4,545

–323

Divestments

329

206

1,716

17,682

–15

1,297

75

1,140

2,852

48

 

 

 

 

 

 

 

 

 

 

 

KEY FIGURES 6)

 

 

 

 

 

 

 

 

 

 

Equity/assets ratio, %

46

44

44

44

44

47

45

42

44

44

Interest coverage, multiple

11.5

10.9

8.6

4.9

1.7

6.7

5.0

3.7

5.3

5.1

Debt payment capacity, incl. pension liabilities, %

47

39

38

38

36

35

31

26

35

29

Debt/equity ratio, incl. pension liabilities

0.39

0.49

0.50

0.54

0.60

0.51

0.60

0.70

0.58

0.62

Debt/equity ratio, excl. pension liabilities

0.36

0.42

0.47

0.47

0.52

0.48

0.55

0.66

0.58

0.59

Return on capital employed, %

10

10

10

8

4

8

7

8

11

9

Return on capital employed, excl. items affecting comparability, %

12

11

11

10

9

9

9

8

10

9

Return on equity, %

10

10

9

9

1

8

7

9

12

9

Operating margin, %

9

10

10

7

3

9

7

8

10

8

Operating margin, excl. items affecting comparability, %

11

11

11

10

10

10

9

8

9

8

Net margin, % 7)

7

7

6

5

0

6

4

5

7

6

Capital turnover rate, multiple

1.06

0.99

0.97

1.02

0.98

0.98

0.97

1.04

1.10

1.05

Operating cash flow per share, SEK

14.08

11.60

8.90

10.59

7.55

9.24

16.36

5.42

6.42

3.95

Earnings per share, SEK

9.97

9.40

7.90

7.06

0.78

7.90

6.78

7.94

10.16

7.75

Dividend per share, SEK 8)

5.75

5.25

4.75

4.50

4.20

4.00

3.70

3.50

4.40

4.00