Group summary


	3 months		Rolling 12 months
SEKm	30 Jun 2023	30 Jun 2022	30 Jun 2023	31 Mar 2023
Net sales	5,089	4,376	19,427	18,714
Cost of sales	-3,518	-3,076	-13,533	-13,091
Gross profit	1,571	1,300	5,894	5,623
Selling expenses	-713	-613	-2,693	-2,593
Administrative expenses	-249	-215	-956	-922
Other operating income and expenses	-14	10	35	59
Operating profit	595	482	2,280	2,167
- as % of net sales	11.7	11.0	11.7	11.6
Financial income and expenses	-86	-44	-204	-162
Profit after financial items	509	438	2,076	2,005
- as % of net sales	10.0	10.0	10.7	10.7
Income tax expense	-117	-94	-474	-451
Profit for the period	392	344	1,602	1,554

Profit for the period attributable to:
Equity holders of the Parent Company	378	329	1,544	1,495
Non-controlling interests	14	15	58	59

Earnings per share before dilution, SEK	1.40	1.20	5.75	5.55
Earnings per share after dilution, SEK	1.40	1.20	5.75	5.55

Average number of shares after repurchases, ’000s	269,565	269,551	269,560	269,557
Number of shares at end of the period, ’000s	269,566	269,626	269,566	269,565


	3 months		Rolling 12 months
SEKm	30 Jun 2023	30 Jun 2022	30 Jun 2023	31 Mar 2023
Profit for the period	392	344	1,602	1,554
Components that will be reclassified to profit for the year
Cash flow hedges	4	1	4	1
Foreign currency translation differences for the period	363	146	529	312
Components that will not be reclassified to profit for the year
Actuarial effects of the net pension obligation	-	55	27	82
Other comprehensive income	367	202	560	395
Total comprehensive income	759	546	2,162	1,949

Total comprehensive income attributable to:
Equity holders of the Parent Company	734	528	2,088	1,882
Non-controlling interests	25	18	74	67


SEKm	30 Jun 2023	30 Jun 2022	31 Mar 2023
Goodwill	4,365	3,719	3,935
Other intangible non-current assets	2,672	2,386	2,377
Property, plant and equipment	1,280	1,112	1,179
Other non-current assets	80	69	80
Total non-current assets	8,397	7,286	7,571
Inventories	3,457	3,039	3,326
Current receivables	3,830	3,369	3,768
Cash and cash equivalents	879	540	606
Total current assets	8,166	6,948	7,700
Total assets	16,563	14,234	15,271
Total equity	6,364	4,826	5,573
Interest-bearing provisions	219	248	218
Non-interest-bearing provisions	706	587	633
Non-current interest-bearing liabilities	3,488	3,165	3,617
Non-current non-interest-bearing liabilities	23	9	18
Total non-current liabilities	4,436	4,009	4,486
Non-interest-bearing provisions	110	73	87
Current interest-bearing liabilities	1,701	1,680	1,096
Current non-interest-bearing liabilities	3,952	3,646	4,029
Total current liabilities	5,763	5,399	5,212
Total equity and liabilities	16,563	14,234	15,271


SEKm	30 Jun 2023	30 Jun 2022	31 Mar 2023
Opening balance	5,573	4,259	4,259
Exercised, issued and repurchased options	-1	8	-17
Repurchase of treasury shares	-	-	-31
Dividend, ordinary	-	-	-485
Dividend, non-controlling interests	-3	-2	-34
Change, non-controlling interests	36	28	28
Option debt, acquisition	-	-13	-96
Total comprehensive income	759	546	1,949
Closing balance	6,364	4,826	5,573


	3 months		Rolling 12 months
SEKm	30 Jun 2023	30 Jun 2022	30 Jun 2023	31 Mar 2023
Profit after financial items	509	438	2,076	2,005
Adjustment for items not included in cash flow	273	184	796	707
Income tax paid	-56	-105	-425	-474
Changes in working capital	-179	-236	-270	-327
Cash flow from operating activities	547	281	2,177	1,911
Net investments in non-current assets	-31	-35	-179	-183
Acquisitions and disposals	-534	-778	-960	-1,204
Cash flow from investing activities	-565	-813	-1,139	-1,387
Dividend paid to shareholders	-	-	-485	-485
Repurchase of own shares/change of options	-1	8	-57	-48
Other financing activities	256	611	-193	162
Cash flow from financing activities	255	619	-735	-371
Cash flow for the period	237	87	303	153
Cash and cash equivalents at beginning of period	606	437	540	437
Exchange differences on cash and cash equivalents	36	16	36	16
Cash and cash equivalents at end of period	879	540	879	606


	30 Jun 2023			31 Mar 2023
SEKm	Carrying amount	Level 2	Level 3	Carrying amount	Level 2	Level 3
Derivatives - fair value, hedge instruments	15	15	-	9	9	-
Derivatives - fair value through profit	12	12	-	9	9	-
Total financial assets at fair value per level	27	27	-	18	18	-

Derivatives - fair value, hedge instruments	2	2	-	3	3	-
Derivatives - fair value through profit	75	75	-	38	38	-
Contingent considerations - fair value through profit	411	-	411	295	-	295
Total financial liabilities at fair value per level	488	77	411	336	41	295

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 at 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 2023		31 Mar 2023
Opening balance	295			349
Acquisitions during the year	145			150
Reversed through profit or loss	0			-40
Consideration paid	-51			-192
Interest expenses	2			11
Exchange differences	20			17
Closing balance	411			295


	12 months ending
	30 Jun 2023	31 Mar 2023	30 Jun 2022	31 Mar 2022	31 Mar 2021
Net sales, SEKm	19,427	18,714	15,135	14,038	11,336
EBITDA, SEKm	3,012	2,872	2,257	2,077	1,501
EBITA, SEKm	2,666	2,540	1,971	1,803	1,251
EBITA-margin, %	13.7	13.6	13.0	12.8	11.0
Operating profit, SEKm	2,280	2,167	1,651	1,501	989
Operating margin, %	11.7	11.6	10.9	10.7	8.7
Profit after financial items, SEKm	2,076	2,005	1,553	1,433	937
Profit for the period, SEKm	1,602	1,554	1,211	1,117	729
x
Working capital	4,055	3,855	2,888	2,618	2,416
Return on working capital (P/WC), %	66	66	68	69	52
Return on equity, %	30	32	30	30	23
Return on capital employed, %	22	22	21	20	15
Equity ratio, %	38	36	34	34	35
x
Financial debt, SEKm	4,529	4,325	4,553	4,061	3,134
Debt / equity ratio, multiple	0.7	0.8	0.9	1.0	0.9
Financial debt / EBITDA, multiple	1.5	1.5	2.0	2.0	2.1
Net debt excl. pensions, SEKm	4,310	4,107	4,305	3,747	2,798
Net debt, excl pensions / equity ratio, multiple	0.7	0.7	0.9	0.9	0.8
Interest coverage ratio, multiple	11.9	13.7	20.2	22.4	15.8
x
Average number of employees	3,882	3,781	3,434	3,317	3,068
Number of employees at end of the period	4,108	3,911	3,753	3,556	3,133


	12 months ending
SEK	30 Jun 2023	31 Mar 2023	30 Jun 2022	31 Mar 2022	31 Mar 2021
Earnings per share before dilution	5.75	5.55	4.30	4.00	2.60
Earnings per share after dilution	5.75	5.55	4.25	3.95	2.60
Cash flow from operating activities per share	8.10	7.10	4.45	4.15	5.60
Shareholders’ equity per share	21.95	19.25	16.50	14.60	11.95
Share price at the end of the period	234.80	192.30	133.40	182.00	130.00
Average number of shares after repurchases, ’000s	269,560	269,557	269,465	269,400	269,051
Average number of shares adjusted for repurchases and dilution, ’000s	269,780	269,723	270,341	270,346	269,969
Number of shares outstanding at end of the period, ’000s	269,566	269,565	269,626	269,528	269,275

For definitions of key financial indicators, see page 17-19.