CONSOLIDATED INCOME STATEMENT, CONDENSED
| 3 months | Rolling 12 months | ||||||
| SEKm | 30 Jun 2024 | 30 Jun 2023 | 30 Jun 2024 | 31 Mar 2024 | |||
| Net sales | 5,438 | 5,089 | 20,368 | 20,019 | |||
| Cost of sales | -3,678 | -3,518 | -13,832 | -13,672 | |||
| Gross profit | 1,760 | 1,571 | 6,536 | 6,347 | |||
| Selling expenses | -795 | -713 | -3,014 | -2,932 | |||
| Administrative expenses | -258 | -249 | -988 | -979 | |||
| Other operating income and expenses | 6 | -14 | 10 | -10 | |||
| Operating profit | 713 | 595 | 2,544 | 2,426 | |||
| - as % of net sales | 13.1 | 11.7 | 12.5 | 12.1 | |||
| Financial income and expenses | -69 | -86 | -226 | -243 | |||
| Profit after financial items | 644 | 509 | 2,318 | 2,183 | |||
| - as % of net sales | 11.8 | 10.0 | 11.4 | 10.9 | |||
| Income tax expense | -149 | -117 | -524 | -492 | |||
| Profit for the period | 495 | 392 | 1,794 | 1,691 | |||
| Profit for the period attributable to: | |||||||
| Equity holders of the Parent Company | 480 | 378 | 1,734 | 1,632 | |||
| Non-controlling interests | 15 | 14 | 60 | 59 | |||
| Earnings per share before dilution, SEK | 1.80 | 1.40 | 6.45 | 6.05 | |||
| Earnings per share after dilution, SEK | 1.80 | 1.40 | 6.45 | 6.05 | |||
| Average number of shares after repurchases, ’000s | 269,806 | 269,565 | 269,694 | 269,634 | |||
| Number of shares at end of the period, ’000s | 269,809 | 269,566 | 269,809 | 269,779 | |||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME, CONDENSED
| 3 months | Rolling 12 months | |||||
| SEKm | 30 Jun 2024 | 30 Jun 2023 | 30 Jun 2024 | 31 Mar 2024 | ||
| Profit for the period | 495 | 392 | 1,794 | 1,691 | ||
| Components that will be reclassified to profit for the year | ||||||
| Cash flow hedges | - | 4 | -7 | -3 | ||
| Foreign currency translation differences for the period | -61 | 363 | -240 | 184 | ||
| Components that will not be reclassified to profit for the year | ||||||
| Actuarial effects of the net pension obligation | - | - | -18 | -18 | ||
| Other comprehensive income | -61 | 367 | -265 | 163 | ||
| Total comprehensive income | 434 | 759 | 1,529 | 1,854 | ||
| Total comprehensive income attributable to: | ||||||
| Equity holders of the Parent Company | 421 | 734 | 1,477 | 1,790 | ||
| Non-controlling interests | 13 | 25 | 52 | 64 | ||
CONSOLIDATED BALANCE SHEET, CONDENSED
| SEKm | 30 Jun 2024 | 30 Jun 2023 | 31 Mar 2024 |
| Goodwill | 4,922 | 4,365 | 4,716 |
| Other intangible non-current assets | 2,870 | 2,672 | 2,750 |
| Property, plant and equipment | 1,404 | 1,280 | 1,325 |
| Other non-current assets | 74 | 80 | 74 |
| Total non-current assets | 9,270 | 8,397 | 8,865 |
| Inventories | 3,165 | 3,457 | 3,125 |
| Current receivables | 4,112 | 3,830 | 3,869 |
| Cash and cash equivalents | 1,129 | 879 | 798 |
| Total current assets | 8,406 | 8,166 | 7,792 |
| Total assets | 17,676 | 16,563 | 16,657 |
| Total equity | 6,899 | 6,364 | 6,478 |
| Interest-bearing provisions | 246 | 219 | 241 |
| Non-interest-bearing provisions | 798 | 706 | 767 |
| Non-current interest-bearing liabilities | 4,465 | 3,488 | 3,892 |
| Non-current non-interest-bearing liabilities | 24 | 23 | 25 |
| Total non-current liabilities | 5,533 | 4,436 | 4,925 |
| Non-interest-bearing provisions | 124 | 110 | 109 |
| Current interest-bearing liabilities | 1,199 | 1,701 | 1,333 |
| Current non-interest-bearing liabilities | 3,921 | 3,952 | 3,812 |
| Total current liabilities | 5,244 | 5,763 | 5,254 |
| Total equity and liabilities | 17,676 | 16,563 | 16,657 |
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY, CONDENSED
| SEKm | 30 Jun 2024 | 30 Jun 2023 | 31 Mar 2024 |
| Opening balance | 6,478 | 5,573 | 5,573 |
| Exercised, issued and repurchased options | 0 | -1 | 9 |
| Repurchase of treasury shares | - | - | - |
| Dividend, ordinary | - | - | -674 |
| Dividend, non-controlling interests | - | -3 | -48 |
| Change, non-controlling interests | 20 | 36 | 93 |
| Option debt, acquisition | -33 | - | -329 |
| Total comprehensive income | 434 | 759 | 1,854 |
| Closing balance | 6,899 | 6,364 | 6,478 |
CONSOLIDATED CASH FLOW STATEMENT, CONDENSED
| 3 months | Rolling 12 months | ||||
| SEKm | 30 Jun 2024 | 30 Jun 2023 | 30 Jun 2024 | 31 Mar 2024 | |
| Profit after financial items | 644 | 509 | 2,318 | 2,183 | |
| Adjustment for items not included in cash flow | 251 | 273 | 820 | 842 | |
| Income tax paid | -77 | -56 | -543 | -522 | |
| Changes in working capital | -216 | -179 | 35 | 72 | |
| Cash flow from operating activities | 602 | 547 | 2,630 | 2,575 | |
| Net investments in non-current assets | -63 | -31 | -211 | -179 | |
| Acquisitions and disposals | -445 | -534 | -1,214 | -1,303 | |
| Cash flow from investing activities | -508 | -565 | -1,425 | -1,482 | |
| Dividend paid to shareholders | - | - | -674 | -674 | |
| Repurchase of own shares/change of options | 0 | -1 | 10 | 9 | |
| Other financing activities | 244 | 256 | -269 | -257 | |
| Cash flow from financing activities | 244 | 255 | -933 | -922 | |
| Cash flow for the period | 338 | 237 | 272 | 171 | |
| Cash and cash equivalents at beginning of period | 798 | 606 | 879 | 606 | |
| Exchange differences on cash and cash equivalents | -7 | 36 | -22 | 21 | |
| Cash and cash equivalents at end of period | 1,129 | 879 | 1,129 | 798 | |
FAIR VALUES ON FINANCIAL INSTRUMENTS
| 30 Jun 2024 | 31 Mar 2024 | |||||
| SEKm | Carrying amount | Level 2 | Level 3 | Carrying amount | Level 2 | Level 3 |
| Derivatives - fair value, hedge instruments | - | - | - | - | - | - |
| Derivatives - fair value through profit | 6 | 6 | - | 7 | 7 | - |
| Total financial assets at fair value per level | 6 | 6 | - | 7 | 7 | - |
| Derivatives - fair value, hedge instruments | - | - | - | - | - | - |
| Derivatives - fair value through profit | 20 | 20 | - | 20 | 20 | - |
| Contingent considerations - fair value through profit | 406 | - | 406 | 360 | - | 360 |
| Total financial liabilities at fair value per level | 426 | 20 | 406 | 380 | 20 | 360 |
|
The fair value and carrying amount are recognised in the balance sheet as shown in the table above. For quoted securities, the fair value is determined on the basis of the asset’s quoted price in an active market, level 1. As of the reporting date the Group had no items in this category. For currency contracts and embedded derivatives, the fair value is determined on the basis of observable market data, level 2. For contingent considerations, a cash-flow-based valuation is performed, which is not based on observable market data, level 3. For the Group’s other financial assets and liabilities, fair value is estimated to be the same as the carrying amount. | ||||||
| Contingent considerations | 30 Jun 2024 | 31 Mar 2024 | ||||
| Opening balance | 360 | 295 | ||||
| Acquisitions during the year | 64 | 251 | ||||
| Adjustments through profit or loss | 6 | -15 | ||||
| Consideration paid | -29 | -200 | ||||
| Interest expenses | 4 | 15 | ||||
| Exchange differences | 1 | 14 | ||||
| Closing balance | 406 | 360 | ||||
KEY FINANCIAL INDICATORS
| 12 months ending | |||||
| 30 Jun 2024 | 31 Mar 2024 | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | |
| Net sales, SEKm | 20,368 | 20,019 | 19,427 | 18,714 | 14,038 |
| EBITDA, SEKm | 3,390 | 3,245 | 3,012 | 2,872 | 2,077 |
| EBITA, SEKm | 2,995 | 2,860 | 2,666 | 2,540 | 1,803 |
| EBITA-margin, % | 14.7 | 14.3 | 13.7 | 13.6 | 12.8 |
| Operating profit, SEKm | 2,544 | 2,426 | 2,280 | 2,167 | 1,501 |
| Operating margin, % | 12.5 | 12.1 | 11.7 | 11.6 | 10.7 |
| Profit after financial items, SEKm | 2,318 | 2,183 | 2,076 | 2,005 | 1,433 |
| Profit for the period, SEKm | 1,794 | 1,691 | 1,602 | 1,554 | 1,117 |
| x | |||||
| Working capital | 4,246 | 4,219 | 4,055 | 3,855 | 2,618 |
| Return on working capital (P/WC), % | 71 | 68 | 66 | 66 | 69 |
| Return on equity, % | 28 | 28 | 30 | 32 | 30 |
| Return on capital employed, % | 22 | 22 | 22 | 22 | 20 |
| Equity ratio, % | 39 | 39 | 38 | 36 | 34 |
| x | |||||
| Financial debt, SEKm | 4,781 | 4,668 | 4,529 | 4,325 | 4,061 |
| Debt / equity ratio, multiple | 0.7 | 0.7 | 0.7 | 0.8 | 1.0 |
| Financial debt / EBITDA, multiple | 1.4 | 1.4 | 1.5 | 1.5 | 2.0 |
| Net debt excl. pensions, SEKm | 4,535 | 4,427 | 4,310 | 4,107 | 3,747 |
| Net debt, excl. pensions / equity ratio, multiple | 0.7 | 0.7 | 0.7 | 0.7 | 0.9 |
| Interest coverage ratio, multiple | 8.9 | 8.7 | 11.9 | 13.7 | 22.4 |
| x | |||||
| Average number of employees | 4,165 | 4,109 | 3,882 | 3,781 | 3,317 |
| Number of employees at end of the period | 4,239 | 4,175 | 4,108 | 3,911 | 3,556 |
KEY FINANCIAL INDICATORS PER SHARE
| 12 months ending | |||||
| SEK | 30 Jun 2024 | 31 Mar 2024 | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Earnings per share before dilution | 6.45 | 6.05 | 5.75 | 5.55 | 4.00 |
| Earnings per share after dilution | 6.45 | 6.05 | 5.75 | 5.55 | 3.95 |
| Cash flow from operating activities per share | 9.75 | 9.55 | 8.10 | 7.10 | 4.15 |
| Shareholders’ equity per share | 24.30 | 22.15 | 21.95 | 19.25 | 14.60 |
| Share price at the end of the period | 263.40 | 243.80 | 234.80 | 192.30 | 182.00 |
| Average number of shares after repurchases, ’000s | 269,694 | 269,634 | 269,560 | 269,557 | 269,400 |
| Average number of shares adjusted for repurchases and dilution, ’000s | 269,817 | 269,761 | 269,780 | 269,723 | 270,346 |
| Number of shares outstanding at end of the period, ’000s | 269,809 | 269,779 | 269,566 | 269,565 | 269,528 |
| For definitions of key financial indicators, see page 17-19. | |||||