Annual Report 2002


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Key figures & events

  • Sales increased by 13 percent to SEK 25,397 M (22,510)
  • Organic growth for comparable units was 2 percent
  • Income before tax increased by 23 percent to SEK 2,015 M (1,642*)
  • Earnings per share (EPS) increased by 18 percent to SEK 3.53 (2.98*)
  • Earnings per share before goodwill amortization increased by 14 percent to SEK 6.13 (5.39*)
  • Operating cash flow amounted to SEK 3,525 M (2,338)
  • Acquisition of Besam
  • Cash flow generation at an all-time high Operating cash flow after payment of income taxes amounted to SEK 3 billion, an increase of 67 percent compared to 2001.
  • Continuous margin improvements. Continuous benchmarking between the various units has continued to produce results in the form of higher productivity and further margin improvements in many units, including the former Yale group of companies. During the year greater focus has been placed on supply management with the objective of reducing the number of suppliers and realizing Group synergies.