	3 months		Rolling 12 months
SEKm	2016/2017	2015/2016	2016/2017	2015/2016
Continuing operations
Net sales	1,941	1,631	7,178	6,155
Cost of sales	-1,345	-1,131	-4,939	-4,244
Gross profit	596	500	2,239	1,911
Selling expenses	-322	-291	-1,241	-1,100
Administrative expenses	-124	-104	-432	-384
Other operating income and expenses	13	12	38	16
Operating profit	163	117	604	443
- as % of net sales	8.4	7.2	8.4	7.2
Financial income and expenses	-9	-9	-24	-20
Profit after financial items	154	108	580	423
- as % of net sales	7.9	6.7	8.1	6.9
Income tax expense	-36	-23	-130	-90
Profit for the period, continuing operations	118	85	450	333
Discontinued operations
Profit for the period, discontinued operations	-	1,577	-	1,636
Profit for the period	118	1,662	450	1,969

Profit for the period attributable to:
Equity holders of the Parent Company	115	1,658	440	1,950
Non-controlling interests	3	4	10	19

Earnings per share before dilution, SEK
Continuing operations	1.75	1.25	6.60	4.85
Discontinued operations	-	23.50	-	24.35
Total earnings per share before dilution	1.75	24.75	6.60	29.20

Earnings per share after dilution, SEK
Continuing operations	1.70	1.25	6.55	4.85
Discontinued operations	-	23.50	-	24.35
Total earnings per share after dilution	1.70	24.75	6.55	29.20

Average number of shares after repurchases, ’000s	66,738	66,958	66,824	66,703
Number of shares at end of the period, ’000s	66,824	66,958	66,824	66,958

	3 months		Rolling 12 months
SEKm	2016/2017	2015/2016	2016/2017	2015/2016
Profit for the period	118	1,662	450	1,969
Components that will be reclassified to profit for the year
Cash flow hedges	-1	-1	1	-2
Foreign currency translation differences for the period	-4	21	52	-58
Components that will not be reclassified to profit for the year
Actuarial effects of the net pension obligation	2	34	-10	34
Other comprehensive income	-3	54	43	-26
Total comprehensive income	115	1,716	493	1,943

Total comprehensive income attributable to:
Equity holders of the Parent Company	111	1,710	482	1,925
Non-controlling interests	4	6	11	18

SEKm	31 Mar 2017	31 Mar 2016
Goodwill	1,101	856
Other intangible non-current assets	791	642
Property, plant and equipment	190	168
Financial non-current assets	27	27
Total non-current assets	2,109	1,693
Inventories	942	874
Current receivables	1,286	1,098
Cash and cash equivalents	178	140
Total current assets	2,406	2,112
Total assets	4,515	3,805
Total equity	1,741	1,514
Interest-bearing provisions	210	199
Non-interest-bearing provisions	278	242
Non-current interest-bearing liabilities	69	41
Non-current non-interest-bearing liabilities	18	0
Total non-current liabilities	575	482
Non-interest-bearing provisions	26	13
Current interest-bearing liabilities	910	721
Current non-interest-bearing liabilities	1,263	1,075
Total current liabilities	2,199	1,809
Total equity and liabilities	4,515	3,805

SEKm	2016/2017	2015/2016
Opening balance 1 April 2016	1,514	1,539
Issue in kind	-	234
Exercised, issued and repurchased options	12	61
Repurchase of treasury shares	-40	-45
Dividend, ordinary	-218	-219
Dividend, non-controlling interests	-8	-8
Change non-controlling interests	2	-1
Option debt, acquisition	-9	-
Distribution of AddLife	-5	-1,990
Total comprehensive income	493	1,943
Closing balance 31 March 2017	1,741	1,514

	3 months		Rolling 12 months
SEKm	2016/2017	2015/2016	2016/2017	2015/2016
Profit after financial items	154	108	580	423
Profit from discontinued operations after financial items	-	1,581	-	1,658
Adjustment for items not included in cash flow	22	-1,545	134	-1,413
Income tax paid	-34	-37	-123	-160
Changes in working capital	18	38	-40	-34
Cash flow from operating activities	160	145	551	474
Net investments in non-current assets	-22	-12	-60	-66
Acquisitions and disposals	-183	-36	-335	-623
Discontinued operations, Net affecting liquidity	-	337	-	337
Cash flow from investing activities	-205	289	-395	-352
Dividend paid to shareholders	-	-	-218	-217
Repurchase of own shares/change of options	11	-	-28	-45
Other financing activities	58	-462	120	210
Cash flow from financing activities	69	-462	-126	-52
Cash flow for the period	24	-28	30	70
Cash and cash equivalents at beginning of period	152	166	140	83
Exchange differences on cash and cash equivalents	2	2	8	-13
Cash and cash equivalents at end of period	178	140	178	140

* Includes discontinued operations for comparative periods.

	31 Mar 2017			31 Mar 2016
SEKm	Carrying amount	Level 2	Level 3	Carrying amount	Level 2	Level 3
Derivatives used in hedge accounting	1	1	-	1	1	-
Derivatives held for trading purposes	2	2	-	2	2	-
Total financial assets at fair value per level	3	3	-	3	3	-

Derivatives used in hedge accounting	0	0	-	3	3	-
Derivatives held for trading purposes	1	1	-	2	2	-
Contingent considerations	105	-	105	55	-	55
Total financial liabilities at fair value per level	106	1	105	60	5	55

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	2016/2017		2015/2016
Opening balance 1 April 2016	55			31
Acquisitions during the year	86			54
Reversed through profit or loss	-12			-10
Consideration paid	-27			-21
Interest expenses	3			2
Exchange differences	0			-1
Closing balance 31 March 2017	105			55

	12 months ending
	31 Mar 2017	31 Mar 2016	31 Mar 2015
Net sales, SEKm	7,178	6,155	5,719
EBITDA, SEKm	755	570	542
EBITA, SEKm	715	536	510
EBITA-margin, SEKm	10.0	8.7	8.9
Operating profit, SEKm	604	443	431
Operating margin, %	8.4	7.2	7.5
Profit after financial items, SEKm	580	423	408
Profit for the period, SEKm	450	333	321

Working capital	1,362	1,208	1,084
Return on working capital (P/WC), %	53	44	47
Return on equity, %	28	20	28
Return on capital employed, %	23	16	23
Equity ratio, %	39	40	40

Net debt, incl pensions, SEKm	1,011	822	828
Net debt, incl pensions / equity ratio, multiple	0.6	0.6	0.6
Net debt, incl pensions / EBITDA, multiple	1.3	1.4	1.2
Net debt excl. pensions, SEKm	801	623	510
Net debt, excl pensions / equity ratio, multiple	0.5	0.4	0.3
Interest coverage ratio, multiple	23.9	20.3	21.9

Average number of employees*	2,133	2,386	2,224
Number of employees at end of the period	2,176	2,076	2,286

* Average number of employees includes discontinued operations in the period 31 March 2016, and previous periods.

	12 months ending
SEK	31 Mar 2017	31 Mar 2016	31 Mar 2015
Earnings per share before dilution	6.60	4.85	4.70
Earnings per share after dilution	6.55	4.85	4.70
Cash flow from operating activities per share	8.25	7.10	8.40
Shareholders’ equity per share	25.45	22.10	22.60
Share price at the end of the period	148.50	112.00	115.75
Average number of shares after repurchases, ’000s	66,824	66,703	66,288
Average number of shares adjusted for repurchases and dilution, ’000s	67,008	66,809	66,615
Number of shares outstanding at end of the period, ’000s	66,824	66,958	66,456

** All figures regarding the income statement refer to continuing operations excluding the distribution of AddLife retroactively from 1 April 2014. All figures regarding the balance sheet refer to continuing from 31 March 2016 without retroactivity for earlier periods.

Latest updated: 5/10/2017 10:09:09 AM by Xjamilah.elali@addtech.com