Annual Report 2008


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Key numbers & events

  • Sales increased by 4 percent to SEK 34,918 M (33,550).
  • Operating income (EBIT) amounted to SEK 5,5261 M (5,458).
  • Earnings per share amounted to SEK 9.211 (9.02).
  • Operating cash flow amounted to SEK 4,769 M (4,808)
  • The restructuring program initiated in 2006 has been a great success and will be completed in 2009. The annual rate of savings is close to the target level of SEK 600 M, which will be achieved during 2009.
  • A new review of production structures was carried out during the year and the cost of the new program amounts to SEK 1,180 M with a payback time of 2–3 years.
  • Significant investments were made in product development, which will make a positive contribution to sales.
  • 18 companies were acquired during the year, bringing in annual sales of SEK 1,800 M.