Welding fume extraction solutions

Key Figures

SEK m 2019   2018  2017 *
Net sales 4,307.7  3,553.9  3,148.5 
Adjusted EBITDA 495.8  440.1  338.5 
Adjusted EBITDA margin, % 11.5  12.4  10.8 
Operating profit 343.2  305.7 278.1 
Operating margin, % 8.0  8.6  8.8 
Adjusted operating profit 349.1  318.9  285.8 
Adjusted operating margin, % 8.1  9.0  9.1 
Profit before tax 307.3  267.5  260.1 
Net profit 225.8  202.8   186.3 
Earnings per share, SEK 6.43  5.78  5.31 
Return on equity, % 17.3  17.7  18.1 
Return on operating capital, % 14.1  16.5  18.0 
Net debt 1,564.1  787.6  585.3 
Net debt/equity ratio, % 113.5  63.8  54.4 
Net debt/adjusted EBITDA, multiple 3.2  1.8   1.7 
Interest cover ratio, multiple 8.1  7.5 11.8 

* Nederman Group applies the retroactive approach in relation to IFRS 16 Leases and figures for 2018 are therefore restated pursuant to the new standard. For earlier financial years, IAS 17 Leases was applied in accordance with the accounting policies that applied through 2017.