Income statement
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IFRS Quarterly
| SEK million | Q2/19 | Q1/19 | Q4/18 | Q3/18 | Q2/18 | Q1/18 | Q4/17* | Q3/17* | Q2/17* | Q1/17* | Q4/16 | Q3/16 | Q2/16 | Q1/16 | Q4/15 | Q3/15 | Q2/15 | Q1/15 | Q4/14 | Q3/14 | Q2/14 | Q1/14 | Q4/13 | Q3/13 | Q2/13 | Q1/13 | Q4/12 | Q3/12 | Q2/12 | Q1/12 | Q4/11 | Q3/11 | Q2/11 | Q1/11 | Q4/10 | Q3/10 | Q2/10 | Q1/10 | Q4/09 | Q3/09 | Q2/09 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,719 | 3,258 | 3,301 | 3,388 | 3,336 | 2,941 | 2,951 | 2,915 | 3,053 | 2,833 | 3,957 | 4,118 | 3,920 | 3,557 | 3,719 | 3,756 | 3,644 | 3,368 | 3,536 | 3,416 | 3,339 | 3,014 | 3,178 | 3,230 | 3,220 | 2,982 | 3,148 | 3,208 | 3,213 | 2,917 | 3,064 | 3,011 | 2,944 | 2,646 | 2,801 | 3,823 | 3,701 | 3,282 | 3,545 | 3,606 | 3,666 |
| Cost of goods sold | -1,350 | -1,234 | -1,244 | -1,231 | -1,251 | -1,107 | -1,130 | -1,062 | -1,114 | -1,050 | -2,116 | -2,222 | -2,115 | -1,872 | -2,005 | -2,011 | -1,929 | -1,752 | -1,910 | -1,853 | -1,784 | -1,561 | -1,698 | -1,749 | -1,673 | -1,527 | -1,586 | -1,617 | -1,558 | -1,376 | -1,515 | -1,495 | -1,467 | -1,298 | -1,338 | -1,896 | -1,805 | -1,624 | -1,835 | -1,843 | -1,812 |
| 1,478 | 1,478 | ||||||||||||||||||||||||||||||||||||||||
| Gross profit | 2,369 | 2,023 | 2,057 | 2,157 | 2,085 | 1,834 | 1,821 | 1,852 | 1,939 | 1,783 | 1,841 | 1,896 | 1,804 | 1,685 | 1,714 | 1,745 | 1,715 | 1,615 | 1,627 | 1,563 | 1,555 | 1,452 | 1,481 | 1,481 | 1,546 | 1,455 | 1,562 | 1,591 | 1,655 | 1,541 | 1,549 | 1,516 | 1,478 | 1,348 | 1,463 | 1,927 | 1,896 | 1,658 | 1,710 | 1,764 | 1,854 |
| Selling and administrative expenses | -936 | -834 | -862 | -853 | -823 | -786 | -780 | -765 | -852 | -791 | -889 | -808 | -798 | -745 | -808 | -745 | -771 | -741 | -710 | -675 | -681 | -637 | -633 | -638 | -668 | -618 | -667 | -640 | -710 | -635 | -648 | -604 | -647 | -617 | -621 | -878 | -955 | -902 | -860 | -892 | -958 |
| Share of profit/loss in associated companies and joint ventures | 0 | 1 | 1 | 1 | 1 | -1 | 2 | 1 | 4 | 5 | 2 | 56 | 55 | 66 | 2 | 66 | 119 | 140 | 75 | 101 | 67 | 43 | 84 | 81 | 87 | 35 | 91 | 72 | 107 | 66 | 120 | 71 | 74 | 62 | -65 | 1 | 4 | -2 | 0 | 3 | 4 |
| Net gain from pension settlement | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 59 | - | - | - | - | - | - |
| Income from defined benefit plan amendment | - | - | - | - | - | - | 69 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Capital gain from transfer of businesses to STG | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 30 | - | - | - | - | - | 585 | - | - | - | - | - | - |
| Relocation of distribution facilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -42 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Capital gain from sale of land | - | - | - | - | - | - | - | - | - | 107 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2 | 159 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Sale of STG shares | - | - | - | - | - | - | 66 | - | - | 131 | - | 648 | - | 560 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Sale of distribution facility | - | - | - | - | - | - | - | - | - | - | - | - | - | 145 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gain on fair value of STG shares | - | - | - | - | - | - | - | - | - | - | - | 902 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating profit | 1,434 | 1,190 | 1,196 | 1,305 | 1,263 | 1,047 | 1,178 | 1,088 | 1,091 | 1,235 | 954 | 2,694 | 1,061 | 1,711 | 908 | 1,065 | 1,021 | 1,014 | 992 | 989 | 941 | 858 | 932 | 924 | 968 | 1,031 | 986 | 1,022 | 1,082 | 972 | 1,022 | 983 | 904 | 793 | 1,421 | 1,049 | 945 | 755 | 850 | 874 | 899 |
| Dividend from STG | - | - | - | - | - | - | 42 | - | 65 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Finance income | 28 | 24 | 21 | 16 | 17 | 14 | 10 | 9 | 12 | 18 | 23 | 15 | 10 | 9 | 9 | 6 | 4 | 4 | 5 | 7 | 8 | 8 | 9 | 9 | 8 | 8 | 10 | 11 | 12 | 6 | 8 | 10 | 9 | 10 | 8 | 6 | 5 | 8 | 10 | 35 | 14 |
| Finance costs | -87 | -93 | -83 | -89 | -90 | -87 | -96 | -101 | -101 | -98 | -109 | -165 | -100 | -116 | -137 | -111 | -119 | -118 | -137 | -134 | -133 | -134 | -137 | -151 | -146 | -144 | -146 | -152 | -151 | -140 | -142 | -140 | -140 | -138 | -207 | -134 | -134 | -115 | -121 | -152 | -122 |
| Profit before income tax | 1,374 | 1,121 | 1,134 | 1,232 | 1,190 | 974 | 1,134 | 997 | 1,066 | 1,156 | 868 | 2,545 | 971 | 1,604 | 780 | 960 | 906 | 900 | 861 | 862 | 816 | 732 | 804 | 782 | 830 | 895 | 850 | 881 | 942 | 838 | 888 | 853 | 773 | 665 | 1,221 | 921 | 816 | 649 | 739 | 757 | 791 |
| Income tax expense | -294 | -242 | -209 | -273 | -263 | -208 | -231 | -244 | -254 | -224 | -206 | -239 | -220 | -200 | -145 | -219 | -200 | -179 | -161 | -167 | -165 | -152 | -128 | -154 | -163 | -154 | -63 | -188 | -183 | -170 | -183 | -169 | -157 | -132 | -148 | -192 | -180 | -130 | -143 | -142 | -168 |
| Profit for the period from continuing operations | 1,080 | 880 | 925 | 959 | 928 | 766 | 904 | 753 | 812 | 932 | 662 | 2,306 | 752 | 1,404 | 636 | 741 | 705 | 721 | 700 | 695 | 651 | 580 | 675 | 628 | 667 | 741 | 787 | 693 | 759 | 668 | 705 | 684 | 616 | 533 | 1,074 | 729 | 637 | 519 | 595 | 615 | 624 |
| Discontinued operations | |||||||||||||||||||||||||||||||||||||||||
| Profit from discontinued operations, net after tax | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 705 | 41 |
| Profit for the period | 1,080 | 880 | 925 | 959 | 928 | 766 | 904 | 753 | 812 | 932 | 662 | 2,306 | 752 | 1,404 | 636 | 741 | 705 | 721 | 700 | 695 | 651 | 580 | 675 | 628 | 667 | 741 | 787 | 693 | 759 | 668 | 705 | 684 | 616 | 533 | 1,074 | 729 | 637 | 519 | 595 | 1,319 | 664 |
| Attributable to: | |||||||||||||||||||||||||||||||||||||||||
| Equity holders of the Parent | 1,080 | 880 | 925 | 959 | 928 | 766 | 904 | 753 | 812 | 932 | 662 | 2,306 | 751 | 1,404 | 636 | 741 | 705 | 721 | 700 | 695 | 651 | 580 | 675 | 629 | 667 | 740 | 787 | 693 | 759 | 667 | 705 | 684 | 615 | 533 | 1,073 | 729 | 636 | 519 | 595 | 1,319 | 664 |
| Non-controlling interests | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit for the period | 1,080 | 880 | 925 | 959 | 928 | 766 | 904 | 753 | 812 | 932 | 662 | 2,306 | 752 | 1,404 | 636 | 741 | 705 | 721 | 700 | 695 | 651 | 580 | 675 | 628 | 667 | 741 | 787 | 693 | 759 | 668 | 705 | 684 | 616 | 533 | 1,074 | 729 | 637 | 519 | 595 | 1,319 | 664 |
* Financial statements for 2017 has been restated in accordance with IFRS 15.
IFRS Annually
| SEK million | 2018 | 2017* | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales. including tobacco tax | 16,335 | 15,025 | 28,482 | 27,438 | 25,908 | 24,991 | 25,449 | 23,662 | 25,062 | 25,483 |
| Less tobacco tax | -3,369 | -3,273 | -12,932 | -12,952 | -12,603 | -12,381 | -12,963 | -11,997 | -11,456 | -11,279 |
| Sales | 12,966 | 11,751 | 15,551 | 14,486 | 13,305 | 12,610 | 12,486 | 11,666 | 13,606 | 14,204 |
| Cost of goods sold | -4,832 | -4,356 | -8,325 | -7,697 | -7,109 | -6,647 | -6,138 | -5,774 | -6,662 | -7,114 |
| Gross profit | 8,133 | 7,396 | 7,226 | 6,789 | 6,197 | 5,963 | 6,349 | 5,892 | 6,944 | 7,089 |
| Selling and administrative expenses | -3,324 | -3,187 | -3,240 | -3,065 | -2,703 | -2,566 | -2,653 | -2,516 | -3,356 | -3,681 |
| Share of net profit/loss in associated companies and joint venture | 3 | 10 | 180 | 327 | 285 | 287 | 337 | 327 | -62 | 10 |
| Net gain from pension settlement | - | - | - | - | - | - | - | - | 59 | - |
| Income from defined benefit plan amendment | - | 69 | - | - | - | - | - | - | ||
| Capital gain from transfer of businesses to STG | - | - | - | - | - | - | 30 | - | 585 | - |
| Gain on sale of real estate | - | 107 | - | - | - | - | - | - | - | - |
| Relocation of distribution facilities | - | - | - | -42 | - | - | - | - | - | - |
| Capital gain from sale of land | - | - | - | - | - | 161 | - | - | - | - |
| Sale of STG shares | - | 197 | 1,208 | - | - | - | - | - | - | - |
| Gain on fair value of STG shares | - | - | 902 | - | - | - | - | - | - | - |
| Sale of distribution facility | - | - | 145 | - | - | - | - | - | - | - |
| Operating profit | 4,812 | 4,592 | 6,420 | 4,008 | 3,780 | 3,855 | 4,062 | 3,702 | 4,169 | 3,417 |
| Dividend from STG | - | 107 | - | - | - | - | - | - | - | - |
| Finance income | 65 | 49 | 53 | 22 | 27 | 34 | 38 | 37 | 27 | 86 |
| Finance costs | -346 | -396 | -484 | -486 | -537 | -578 | -589 | -560 | -590 | -529 |
| Net finance cost | -281 | -240 | -431 | -463 | -510 | -544 | -551 | -523 | -562 | -443 |
| Profit before income tax | 4,531 | 4,353 | 5,988 | 3,545 | 3,270 | 3,310 | 3,511 | 3,180 | 3,607 | 2,974 |
| Income tax expense | -953 | -952 | -865 | -742 | -644 | -600 | -604 | -642 | -649 | -613 |
| Profit for the year from continuing operations | 3,578 | 3,400 | 5,123 | 2,803 | 2,626 | 2,711 | 2,907 | 2,538 | 2,958 | 2,361 |
| Discontinued operations | ||||||||||
| Profit from discontinued operations. net after tax | - | - | - | - | - | - | - | - | - | 785 |
| Profit for the year | 3,578 | 3,400 | 5,123 | 2,803 | 2,626 | 2,711 | 2,907 | 2,538 | 2,958 | 3,146 |
| Attributable to: | ||||||||||
| Equity holders of the Parent | 3,578 | 3,400 | 5,123 | 2,803 | 2,625 | 2,712 | 2,906 | 2,538 | 2,957 | 3,146 |
| Non-controlling interests | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 1 | 1 | 1 |
| Profit for the year | 3,578 | 3,400 | 5,123 | 2,803 | 2,626 | 2,711 | 2,907 | 2,538 | 2,958 | 3,146 |
| Earnings per share. basic. SEK | ||||||||||
| From continuing operations | 20.63 | 18.88 | 27.38 | 14.48 | 13.23 | 13.63 | 14.33 | 12.14 | 13.12 | 9.67 |
| Including discontinued operations | - | - | - | - | - | - | - | - | - | 12.88 |
| Earnings per share. diluted. SEK | ||||||||||
| From continuing operations | 20.63 | 18.88 | 27.38 | 14.48 | 13.22 | 13.61 | 14.25 | 12.07 | 13.09 | 9.66 |
| Including discontinued operations** | - | - | - | - | - | - | - | - | - | 12.87 |
* Financial statements for 2017 has been restated in accordance with IFRS 15.
** Discontinued operations pertain to South African operations divested on July 2, 2009.
