Reports
Reports

Interim report in figures January-March 2003

 
CONSOLIDATED INCOME STATEMENT
(in millions of SEK)        
    Jan.-March Jan.-March Full year Full year
    2003 2002 2002 2001
         
Operating income 491.2 479.1 1,916.1 1,962.6
  Personnel costs -328.1 -325.2 -1,282.2 -1,189.7
  Other external expenses -132.9 -127.3 -588.3 -633.1
  Depreciation -16.5 -16.6 -69.3 -68.7
  Items affecting comparability  -  - -110.2 11.7
  Share of associated companies’ profit/loss -0.1 -0.9 -1.7 2.2
Operating profit 13.6 9.1 -135.6 85.0
  Income from financial investments -2.6 -2.8 -15.0 3.0
Profit after financial items 11.0 6.3 -150.6 88.0
  Tax -3.0 -2.1 17.3 -30.7
  Minority shareholders’ share of profit 0.6 1.2 5.8 -0.3
Profit for the reporting period 8.6 5.4 -127.5 57.0
           
Operating margin (percent) 2.8 1.9 -7.1 4.3
Profit margin (percent) 2.2 1.3 -7.9 4.5
Capacity utilisation (percent) 68.6 65.7 66.4 69.7
Profit per share, SEK 1.49 0.95 -22.18 9.91
Profit per share after full conversion, SEK 1.38 0.90 -19.89 9.14
Number of shares 5.748.569 (after full conversion 6.358.409)
           
CONSOLIDATED BALANCE SHEET
(in millions of SEK)        
    31 March 31 March 31 Dec. 31 Dec.
    2003 2002 2002 2001
Assets        
  Intangible fixed assets 40.1 42.3 43.1 42.0
  Tangible fixed assets 377.0 392.8 380.6 393.9
  Financial assets 51.6 93.3 51.0 103.1
  Current receivables 602.6 567.7 548.7 521.0
  Liquid assets and investments 39.9 182.1 68.9 216.3
Total assets 1,111.2 1,278.2 1,092.3 1,276.3
           
Equity and liabilities        
  Equity 332.5 530.7 324.9 527.8
  Minority shareholding 4.8 12.7 5.6 14.7
  Provisions 61.9 93.1 123.1 101.2
  Long-terms liabilities 118.9 117.2 115.7 116.5
  Short-terms liabilities 593.1 524.5 523.0 516.1
Total equity and liabilities 1) 1,111.2 1,278.2 1,092.3 1,276.3
1) of which interest-bearing provisions and liabilities 300.7 201.7 315.7 313.1
           
 
 
CONSOLIDATED STATEMENT OF CASH FLOW
(in millions of SEK)        
    Jan.-March Jan.-March Full year Full year
    2003 2002 2002 2001
  Cash flow from operating activities before        
  changes in working capital 7.4 -2.8 -19.0.0 51.9
  Cash flow from changes in working capital -14.9 -22.5 -18.1 -40.0
  Cash flow from investing activities -9.2 -6.2 -46.8 -13.0
  Cash flow from financing activities -12.4 -2.7 -63.5 -84.0
Cash flow for the reporting period -29.1 -34.2 -147.4 -85.1
           
SPECIFICATION OF THE CHANGE IN SHAREHOLDERS’ EQUITY
(in millions of SEK)        
  31 March 31 March Full year Full year
  2003 2002 2002 2001
         
Beginning balance 324.9 527.8 527.8 542.8
  Dividend - - -74.7 -74.7
  Translation difference for the period -1.0 -2.5 -0.7 2.7
  Profit/loss for the period 8.6 5.4 -127.5 57.0
Closing balance 332.5 530.7 324.9 527.8
         
KEY RATIOS Jan.-March Jan.-March Full year Full year
  2003 2002 2002 2001
         
Return on equity, full year (percent) 10.5 4.1 -29.9 10.6
Return on capital employed, full year (percent) 10.6 5.5 -21.7 14.1
Equity ratio (percent) 29.9 41.5 29.7 41.3
Equity ratio per share, SEK 58 92 57 92
Employees (FTEs) excluding associated companies 2,288 2,271 2,309 2,167
Employees (FTEs) including associated companies 2,586 2,579 2,607 2,470
           
(Definitions see Annual report 2002.)        
           
This interim Report has not been reviewed by the company´s auditors.
         
 
 
Financial information per division, January-March 2003
(in millions of SEK)        
           
           
    Jan-March Jan-March*    
Operating income 2003 2002    
           
  Energy & Enviroment 67.7 79.8    
  Industry & Systems 171.1 168.6    
  Installations 101.3 98.2    
  Pulp & Paper 73.8 72.7    
  New Markets 103.1 89.3    
  Other -25.8 -29.5    
           
Total income 491.2 479.1    
           
           
           
           
    Jan-March Jan-March* Jan-March Jan-March*
Operating profit and operating margin 2003 2002 2003 2002
           
  Energy & Enviroment 1.6 3.4 2.4 % 4.3 %
  Industry & Systems 4.1 3.1 2.4 % 1.8 %
  Installations 8.3 8.0 8.2 % 8.1 %
  Pulp & Paper 0.1 -4.6 0.1 % -6.3 %
  New Markets 4.5 -1.8 4.1 % -2.0 %
  Other -5.0 1.0 - -
           
Total 13.6 9.1 2.8 % 1.9 %
           
           
* The figures for the period January-March 2002 are pro forma
           
           
 

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