Our Business

Key Figures


USD m
2021
2020
2019
2018
2017

Net sales

719

630

686

613

569

Gross profit

455

391

439

387

355

Operating expenses (excl. other income)

360

338

341

304

280

EBITDA

149

93

141

107

97

EBITDA adjusted

149

93

150

115

103

EBIT

97

28

98

79

75

Net profit

66

8

69

80

58

Sales growth

Sales growth USD %

14

(8)

12

8

9

- Organic growth in LCY %

10

(10)

5

5

5

- Currency effect %

3

0

(4)

1

0

- Acquired/divested business %

1

2

11

2

4

Balance Sheet

Total assets

1,247

1,214

1,091

914

793

Equity

627

577

569

538

500

Net interest-bearing debt (NIBD)

363

381

302

180

121

Cash Flow

Cash generated by operations

128

119

120

92

90

Free cash flow

74

68

63

39

55

Key ratios

Gross profit margin %

63

62

64

63

62

EBIT margin %

14

4

14

13

13

EBITDA margin %

21

15

21

18

17

EBITDA margin before special items %

21

15

22

19

18

Equity ratio %

50

48

52

59

63

Net debt to EBITDA

2.4

4.1

2.0

1.6

1.2

Effective tax rate %

24

38

24

18

16

Return on equity %

11

1

12

15

12

CAPEX / Net sales %

3.7

3.8

4.6

5.0

3.4

Full time employees on average

3,761

3,505

3,382

2,775

2,948

Market

Market value of equity

2,724

3,380

3,340

2,055

1,871

Number of shares in Millions

423 

423

425

431

437

Diluted EPS in US cents

15.5

1.9

16.2

18.7

13.3

USD m

Net sales

Gross profit

Operating expenses (excl. other income)

EBITDA

EBITDA adjusted

EBIT

Net profit

Sales growth

Sales growth USD %

- Organic growth in LCY %

- 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 %

Net debt to EBITDA

Effective tax rate %

Return on equity %

CAPEX / Net sales %

Full time employees on average

Market

Market value of equity

Number of shares in Millions

Diluted EPS in US cents

*Financial Highlights and Key Ratios