Our Business

Key Figures


USD million
2022
2021
2020
2019
2018

Net sales

719

719

630

686

613

Gross profit

440

455

391

439

387

Operating expenses (excl. other income)

373

360

338

341

304

EBITDA

114

149

93

141

107

EBITDA before special items

128

149

93

150

115

EBIT

65

97

28

98

79

Net profit

43

66

8

69

80

Sales Growth

Sales growth USD %

0

14

(8)

12

8

- Organic growth %

4

10

(10)

5

5

- Currency effect %

(7)

3

0

(4)

1

- Acquired/divested business %

3

1

2

11

2

Balance Sheet

Total assets

1,325

1,247

1,214

1,091

914

Equity

636

627

577

569

538

Net interest-bearing debt (NIBD)

404

363

381

302

180

Cash Flow

Cash generated by operations

92

128

119

120

92

Free cash flow

35

74

68

63

39

Key Ratios

Gross profit margin %

61

63

62

64

63

EBIT margin %

9

14

4

14

13

EBITDA margin %

16

21

15

21

18

EBITDA margin before special items %

18

21

15

22

19

Equity ratio %

48

50

48

52

59

NIBD to EBITDA

3.2

2.4

4.1

2.0

1.6

Effective tax rate %

23

24

38

24

18

Return on equity %

7

11

1

12

15

CAPEX to net sales %

3.6

3.7

3.8

4.6

5.0

Full time employees at period end

3,892

3,761

3,385

3,449

3,147

Full time employees on average

3,866

3,688

3,505

3,382

2,775

Market

Market value of equity

2,035

2,724

3,380

3,340

2,055

Number of shares in Millions

423

423

423

425

431

EPS in US cents

10.3

15.6

1.9

16.3

18.8

Diluted EPS in US cents

10.3

15.5

1.9

16.2

18.7

USD million

Net sales

Gross profit

Operating expenses (excl. other income)

EBITDA

EBITDA before special items

EBIT

Net profit

Sales Growth

Sales growth USD %

- Organic growth %

- Currency effect %

- Acquired/divested business %

Balance Sheet

Total assets

Equity

Net interest-bearing debt (NIBD)

Cash Flow

Cash generated by operations

Free cash flow

Key Ratios

Gross profit margin %

EBIT margin %

EBITDA margin %

EBITDA margin before special items %

Equity ratio %

NIBD to EBITDA

Effective tax rate %

Return on equity %

CAPEX to net sales %

Full time employees at period end

Full time employees on average

Market

Market value of equity

Number of shares in Millions

EPS in US cents

Diluted EPS in US cents

*Financial Highlights and Key Ratios