Income Statement
Income Statement
Amounts in TSEK unless otherwise indicated
|
2019 |
2018 |
Net Sales |
259 903 |
233 245 |
Cost of sales |
-167 323 |
-151 964 |
Gross Margin |
92 580 |
81 281 |
|
|
|
Selling expenses |
-56 151 |
-46 661 |
Administrative expenses |
-15 609 |
-13 370 |
Other operating income |
6 945 |
6 897 |
Other operating expenses |
-5 940 |
-4 476 |
Operating profit |
21 825 |
23 671 |
|
|
|
Financial income |
1 097 |
92 |
Financial expense |
-123 |
-63 |
Income after financial items |
22 799 |
23 700 |
|
|
|
Appropriations |
-5 669 |
-4 263 |
Taxes |
-3 892 |
-4 693 |
|
|
|
NET INCOME |
13 238 |
14 744 |
|
|
|
Result per share, kr |
2,94 |
3,01 |
Total shares |
6 001 400 |
6 001 400 |
Balance sheet
Balance Sheet
Amounts in TSEK unless otherwise indicated
Assets |
2019-12-31 |
2018-12-31 |
Fixed assets |
|
|
Intangible assets |
|
|
Product property rights |
- |
162 |
Licenses |
545 |
674 |
Total intangible assests |
545 |
836 |
|
|
|
Tangible assets |
|
|
Plant and machinery |
1 155 |
1 450 |
Other operating expenses |
2 103 |
1 639 |
Total tangible assets |
3 258 |
3 089 |
|
|
|
Financial assets |
|
|
Other long-term receivables |
2 640 |
2 400 |
Deferred tax receivables |
718 |
649 |
Total financial assets |
3 358 |
3 049 |
|
|
|
Total fixed assets |
7 161 |
6 974 |
|
|
|
Current assets |
|
|
Stock |
|
|
Finished goods and goods for resale |
49 068 |
37 210 |
|
|
|
Current receivables |
|
|
Accounts receivables |
41 170 |
44 628 |
Deferred tax receivables |
1 799 |
1 072 |
Other receivables |
1 487 |
1 381 |
Prepaid expenses and acrued income |
7 433 |
7 210 |
Total current receivables |
51 889 |
54 291 |
|
|
|
Cash and bank balances |
24 513 |
25 874 |
|
|
|
Total current assets |
125 470 |
117 375 |
|
|
|
TOTAL ASSETS |
132 631 |
124 349 |
Balance Sheet
Amounts in TSEK unless otherwise indicated
Equity, Provisions and Liabilities |
2019-12-31 |
2018-12-31 |
Equity |
|
|
Restricted equity |
|
|
Issued capital (6 001 400 shares at 0,50 kr) |
3 001 |
3 001 |
Total restricted equity |
3 001 |
3 001 |
|
|
|
Non-restricted equity |
|
|
Accumulated profit or loss |
33 333 |
29 992 |
Net profit/loss for the year |
13 238 |
14 744 |
Total non-restricted equity |
46 571 |
44 736 |
|
|
|
Total equity |
49 572 |
47 737 |
|
|
|
Untaxed reserves |
|
|
Untaxed reserves |
30 029 |
24 360 |
|
|
|
Provisions |
|
|
Provisions for pensions |
3 488 |
3 151 |
Provisions for future warranty costs |
482 |
- |
Total provisions |
3 970 |
3 151 |
|
|
|
Short-term borrowings |
|
|
Advance payment from customers |
11 297 |
12 507 |
Accounts payable |
11 982 |
13 294 |
Other liabilites |
1 626 |
1 685 |
Accrued expenses and deferred income |
24 155 |
21 615 |
Total current liabilites |
49 060 |
49 101 |
|
|
|
TOTAL LIABILITIES |
132 631 |
124 349 |
Cash flow statement
Cash Flow Statements
Amounts in TSEK unless otherwise indicated
|
2019 |
2018 |
The ongoing business |
|
|
Operating profit |
21 825 |
23 671 |
Adjustments for items that are not included in the cash flow |
2 777 |
3 470 |
Interest received |
47 |
35 |
Interest paid |
-123 |
-63 |
Income tax paid |
-4 688 |
-3 312 |
Cash flow from operating activities before working capital changes |
19 838 |
23 801 |
|
|
|
Cash flow from working capital changes |
|
|
Changes in inventories |
-11 858 |
-1 989 |
Changes in receivables |
4 179 |
-11 275 |
Changes in accounts payable |
-41 |
8 698 |
Cash flow from operating activities |
12 118 |
19 235 |
|
|
|
Investing activites |
|
|
Acquisition of intangible assets |
-249 |
-394 |
Acquisition of tangible assets |
-1 587 |
-1 477 |
Acquisition of financial assets |
-240 |
-240 |
Cash flow from investing activities |
-2 076 |
-2 111 |
|
|
|
Financial activities |
|
|
Dividend paid |
-11 403 |
-8 402 |
Cash flow from financial activities |
-11 403 |
-8 402 |
|
|
|
|
|
|
CASH FLOW OF THE YEAR |
-1 361 |
8 722 |
|
|
|
Cash and cash equivalent at the beginning of the year |
25 874 |
17 152 |
Exchange rate difference in cash and cash equivalents |
1 050 |
57 |
Cash and cash equivalent at the end of the year |
24 513 |
25 874 |
Business & financial statements
Business & Financial Statements
|
2019 |
2018 |
2017 |
2016 |
2015 |
Financial ratio, tsek |
|
|
|
|
|
Net sales |
259 903 |
233 245 |
207 671 |
169 938 |
179 313 |
Operation profit/loss |
21 825 |
23 671 |
18 259 |
5 370 |
25 123 |
Profit/Loss after financial items |
22 799 |
23 700 |
18 074 |
6 184 |
24 786 |
Total assets |
132 631 |
124 349 |
104 596 |
95 737 |
101 115 |
Operating margin % |
8 |
10 |
9 |
3 |
14 |
Profit margin % |
9 |
10 |
9 |
4 |
14 |
Adjusted equity |
72 996 |
66 738 |
57 071 |
50 229 |
52 780 |
Return on operational capital employment before tax % |
31 |
37 |
33 |
12 |
51 |
Return on adjusted equity after tax % |
26 |
30 |
26 |
9 |
43 |
Share of risk capital % |
55 |
54 |
55 |
52 |
52 |
Net investments |
2 076 |
2 111 |
2 124 |
1 094 |
1 279 |
|
|
|
|
|
|
Ratios /business area, tsek |
|
|
|
|
|
Bookings Industrial Applications |
250 464 |
227 384 |
206 910 |
164 645 |
171 635 |
Bookings Infrasystems |
6 079 |
5 494 |
7 528 |
6 274 |
5 751 |
Total bookings |
256 543 |
232 878 |
214 438 |
170 919 |
177 386 |
|
|
|
|
|
|
Backlog of orders Industrial Applications |
38 899 |
41 712 |
41 653 |
33 802 |
30 901 |
Backlog of orders Infrasystem |
1 715 |
1 720 |
1 802 |
2 018 |
3 556 |
Total backlog of orders |
40 614 |
43 432 |
43 455 |
35 820 |
34 457 |
|
|
|
|
|
|
Net sales Industrial Applications |
253 818 |
227 856 |
199 908 |
161 934 |
172 329 |
Net sales Infrasystems |
6 085 |
5 389 |
7 763 |
8 004 |
6 984 |
Total net sales |
259 903 |
233 245 |
207 671 |
169 938 |
179 313 |
|
|
|
|
|
|
Other ratios |
|
|
|
|
|
Average number of yearly employees |
80 |
73 |
69 |
67 |
62 |
|
|
|
|
|
|
Per share |
|
|
|
|
|
Equity capital per share, SEK |
12,16 |
11,12 |
9,51 |
8,37 |
8,79 |
Earnings per share, SEK |
2,94 |
3,01 |
2,34 |
0,77 |
3,20 |
Dividend per share, SEK |
-* |
1,90 |
1,40 |
1,20 |
1,20 |
Cash flow from operating activities per share, SEK |
2,02 |
3,21 |
2,06 |
1,22 |
3,83 |
Numbers of shares year-end |
6 001 400 |
6 001 400 |
6 001 400 |
6 001 400 |
6 001 400 |
* Proposed dividend.