Group summary


	3 months		9 months		Rolling 12 months
SEKm	31 Dec 2024	31 Dec 2023	31 Dec 2024	31 Dec 2023	31 Dec 2024	31 Mar 2024
Net sales	5,481	4,960	16,046	14,928	21,137	20,019
Cost of sales	-3,740	-3,389	-10,912	-10,246	-14,338	-13,672
Gross profit	1,741	1,571	5,134	4,682	6,799	6,347
Selling expenses	-825	-757	-2,362	-2,169	-3,125	-2,932
Administrative expenses	-277	-240	-795	-724	-1,050	-979
Other operating income and expenses	22	-10	37	-12	39	-10
Operating profit	661	564	2,014	1,777	2,663	2,426
- as % of net sales	12.1	11.4	12.6	11.9	12.6	12.1
Financial income and expenses	-69	-48	-203	-173	-273	-243
Profit after financial items	592	516	1,811	1,604	2,390	2,183
- as % of net sales	10.8	10.4	11.3	10.7	11.3	10.9
Income tax expense	-136	-115	-414	-364	-542	-492
Profit for the period	456	401	1,397	1,240	1,848	1,691

Profit for the period attributable to:
Equity holders of the Parent Company	445	387	1,362	1,199	1,795	1,632
Non-controlling interests	11	14	35	41	53	59

Earnings per share before dilution, SEK	1.65	1.45	5.05	4.45	6.65	6.05
Earnings per share after dilution, SEK	1.65	1.45	5.05	4.45	6.65	6.05

Average number of shares after repurchases, ’000s	269,840	269,662	269,818	269,598	269,799	269,634
Number of shares at end of the period, ’000s	269,852	269,737	269,852	269,737	269,852	269,779


	3 months		9 months		Rolling 12 months
SEKm	31 Dec 2024	31 Dec 2023	31 Dec 2024	31 Dec 2023	31 Dec 2024	31 Mar 2024
Profit for the period	456	401	1,397	1,240	1,848	1,691
Components that will be reclassified to profit for the year
Cash flow hedges	-	-7	-	-7	4	-3
Foreign currency translation differences for the period	141	-273	8	-58	250	184
Components that will not be reclassified to profit for the year
Actuarial effects of the net pension obligation	9	-40	-15	-24	-9	-18
Other comprehensive income	150	-320	-7	-89	245	163
Total comprehensive income	606	81	1,390	1,151	2,093	1,854

Total comprehensive income attributable to:
Equity holders of the Parent Company	590	76	1,356	1,113	2,033	1,790
Non-controlling interests	16	5	34	38	60	64


SEKm	31 Dec 2024	31 Dec 2023	31 Mar 2024
Goodwill	5,482	4,544	4,716
Other intangible non-current assets	3,187	2,709	2,750
Property, plant and equipment	1,502	1,276	1,325
Other non-current assets	73	64	74
Total non-current assets	10,244	8,593	8,865
Inventories	3,498	3,262	3,125
Current receivables	3,816	3,354	3,869
Cash and cash equivalents	1,075	859	798
Total current assets	8,389	7,475	7,792
Total assets	18,633	16,068	16,657
Total equity	6,997	6,059	6,478
Interest-bearing provisions	261	249	241
Non-interest-bearing provisions	893	724	767
Non-current interest-bearing liabilities	5,039	3,766	3,892
Non-current non-interest-bearing liabilities	23	20	25
Total non-current liabilities	6,216	4,759	4,925
Non-interest-bearing provisions	132	100	109
Current interest-bearing liabilities	1,378	1,636	1,333
Current non-interest-bearing liabilities	3,910	3,514	3,812
Total current liabilities	5,420	5,250	5,254
Total equity and liabilities	18,633	16,068	16,657


SEKm	31 Dec 2024	31 Dec 2023	31 Mar 2024
Opening balance	6,478	5,573	5,573
Exercised, issued and repurchased options	-23	13	9
Repurchase of treasury shares	-	-	-
Dividend, ordinary	-755	-674	-674
Dividend, non-controlling interests	-32	-48	-48
Change, non-controlling interests	108	73	93
Option debt, acquisition	-169	-29	-329
Total comprehensive income	1,390	1,151	1,854
Closing balance	6,997	6,059	6,478


	3 months		9 months		Rolling 12 months
SEKm	31 Dec 2024	31 Dec 2023	31 Dec 2024	31 Dec 2023	31 Dec 2024	31 Mar 2024
Profit after financial items	592	516	1,811	1,604	2,390	2,183
Adjustment for items not included in cash flow	220	197	714	630	926	842
Income tax paid	-218	-119	-466	-312	-676	-522
Changes in working capital	59	150	-211	-28	-111	72
Cash flow from operating activities	653	744	1,848	1,894	2,529	2,575
Net investments in non-current assets	-43	-54	-149	-123	-205	-179
Acquisitions and disposals	-351	-404	-1,216	-1,121	-1,398	-1,303
Cash flow from investing activities	-394	-458	-1,365	-1,244	-1,603	-1,482
Dividend paid to shareholders	-	-	-755	-674	-755	-674
Repurchase of own shares/change of options	39	44	-23	13	-27	9
Other financing activities	-285	-310	569	274	38	-257
Cash flow from financing activities	-246	-266	-209	-387	-744	-922
Cash flow for the period	13	20	274	263	182	171
Cash and cash equivalents at beginning of period	1,032	867	798	606	859	606
Exchange differences on cash and cash equivalents	30	-28	3	-10	34	21
Cash and cash equivalents at end of period	1,075	859	1,075	859	1,075	798


	31 Dec 2024			31 Mar 2024
SEKm	Carrying amount	Level 2	Level 3	Carrying amount	Level 2	Level 3
Derivatives - fair value, hedge instruments	-	-	-	-	-	-
Derivatives - fair value through profit	7	7	-	7	7	-
Total financial assets at fair value per level	7	7	-	7	7	-

Derivatives - fair value, hedge instruments	-	-	-	-	-	-
Derivatives - fair value through profit	4	4	-	20	20	-
Contingent considerations - fair value through profit	477	-	477	360	-	360
Total financial liabilities at fair value per level	481	4	477	380	20	360

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 of 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	31 Dec 2024		31 Mar 2024
Opening balance	360			295
Acquisitions during the year	213			251
Adjustments through profit or loss	8			-15
Consideration paid	-121			-200
Interest expenses	15			15
Exchange differences	2			14
Closing balance	477			360


	12 months ending
	31 Dec 2024	31 Mar 2024	31 Dec 2023	31 Mar 2023	31 Mar 2022
Net sales, SEKm	21,137	20,019	20,195	18,714	14,038
EBITDA, SEKm	3,561	3,245	3,227	2,872	2,077
EBITA, SEKm	3,148	2,860	2,855	2,540	1,803
EBITA-margin, %	14.9	14.3	14.1	13.6	12.8
Operating profit, SEKm	2,663	2,426	2,437	2,167	1,501
Operating margin, %	12.6	12.1	12.1	11.6	10.7
Profit after financial items, SEKm	2,390	2,183	2,215	2,005	1,433
Profit for the period, SEKm	1,848	1,691	1,701	1,554	1,117
x
Working capital	4,247	4,219	4,215	3,855	2,618
Return on working capital (P/WC), %	74	68	68	66	69
Return on equity, %	28	28	29	32	30
Return on capital employed, %	22	22	22	22	20
Equity ratio, %	38	39	38	36	34
x
Financial debt, SEKm	5,603	4,668	4,792	4,325	4,061
Debt / equity ratio, multiple	0.8	0.7	0.8	0.8	1.0
Financial debt / EBITDA, multiple	1.6	1.4	1.5	1.5	2.0
Net debt excl. pensions, SEKm	5,342	4,427	4,543	4,107	3,747
Net debt, excl. pensions / equity ratio, multiple	0.8	0.7	0.7	0.7	0.9
Interest coverage ratio, multiple	8.9	8.7	9.3	13.7	22.4
x
Average number of employees	4,274	4,109	4,041	3,781	3,317
Number of employees at end of the period	4,430	4,175	4,146	3,911	3,556


	12 months ending
SEK	31 Dec 2024	31 Mar 2024	31 Dec 2023	31 Mar 2023	31 Mar 2022
Earnings per share before dilution	6.65	6.05	6.10	5.55	4.00
Earnings per share after dilution	6.65	6.05	6.10	5.55	3.95
Cash flow from operating activities per share	9.35	9.55	10.05	7.10	4.15
Shareholders’ equity per share	24.50	22.15	20.75	19.25	14.60
Share price at the end of the period	301.20	243.80	221.40	192.30	182.00
Average number of shares after repurchases, ’000s	269,799	269,634	269,590	269,557	269,400
Average number of shares adjusted for repurchases and dilution, ’000s	270,242	269,761	269,713	269,723	270,346
Number of shares outstanding at end of the period, ’000s	269,852	269,779	269,737	269,565	269,528

For definitions of key financial indicators, see page 18-20.