NET SALES |
EBITA * |
CASH FLOW FROM OPERATING ACTIVITIES |
RETURN ON CAPITAL EMPLOYED |
Net sales , SEK m |
EBITA , SEK m * |
EBITA margin , %* |
Cash flow , SEK m |
Return on capital employed , % |
||||||||||||||||
2,000 |
250 |
12 |
160 |
20 |
||||||||||||||||
1,500 |
9.5
200
|
10.2 |
9.9 |
10
8.8
|
140
120
|
16 |
||||||||||||||
150 |
7.7 |
8 |
100 |
12 |
||||||||||||||||
1,000 |
6 |
80 |
||||||||||||||||||
500 |
100
50
|
4
2
|
60
40
20
|
8
4
|
||||||||||||||||
0 |
0 |
0 |
0 |
0 |
||||||||||||||||
2011 |
2012 |
2013 |
2014 |
2015 |
2011 |
2012 |
2013 |
2014 |
2015 |
2011 |
2012 |
2013 |
2014 |
2015 |
2011 |
2012 |
2013 |
2014 |
2015 |
|
Net sales increased during the period from SEK 1,300 m to SEK 1,901 m , corresponding to average annual growth of 12 per cent . The Group ’ s target is to achieve annual growth of at least 10 per cent . |
The improvement in EBITA for 2015 compared with 2014 is mainly attributable to the acquisition of Transcat PLM in the Product Lifecycle Management business area .
* Excluding capital gains and revaluation of contingent consideration .
|
Addnode Group ’ s business model , with a large share of prepaid support and maintenance contracts , entails that the business has a relatively small amount of tied-up capital . Historically , cash flow from operating activities has been on par with EBITA . |
Return on capital employed was 13.5 per cent in 2015 , which is down slightly from the previous year . This is mainly attributable to an increase in borrowing . |
EQUITY / ASSETS RATIO |
NET CASH |
EARNINGS PER SHARE |
DIVIDEND PER SHARE |
Equity / assets ratio , % |
Net cash , SEK m |
Earnings per share , SEK |
Dividend per share , SEK |
||||||||||||||||
80 |
160 |
4.0 |
2.5 |
||||||||||||||||
140 |
|||||||||||||||||||
60 |
120 |
3.0 |
2.0 |
||||||||||||||||
100 |
|||||||||||||||||||
80 |
1.5 |
||||||||||||||||||
40 |
60 |
2.0 |
|||||||||||||||||
40 |
1.0 |
||||||||||||||||||
20 |
20
0
|
1.0 |
0.5 |
||||||||||||||||
– 20 |
|||||||||||||||||||
0 |
– 40 |
0 |
0.0 |
||||||||||||||||
2011 |
2012 |
2013 |
2014 |
2015 |
2011 |
2012 |
2013 |
2014 |
2015 |
2011 |
2012 |
2013
2013
|
2014 |
2015
2015 *
|
2011 |
2012 |
2013 |
2014 |
2015
2015 **
|
The equity / assets ratio is strong and was 48 per cent on 31 December 2015 . The change between 2014 and 2015 is attributable to an increase in borrowing . |
Addnode Group took on external interest-bearing debt for the first time in 2013 to finance acquisitions . As at 31 December 2015 , cash and cash equivalents amounted to SEK 103 m , and interest-bearing liabilities amounted to SEK 127 m . |
Earnings per share in 2015 were SEK 3.18 . |
At least 50 per cent of consolidated profit after tax is to be distributed to the shareholders , provided that net cash is sufficient to operate and develop the business .
* Proposed by the Board of Directors .
|
30 |