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HMS Networks AB (publ)










Financial Health of HMS Networks AB (publ)




Comparing to competitors in the Communication Equipment industry




  Industry Rankings  


HMS Networks AB (publ)
Buy, Hold or Sell?

Should you buy, hold or sell HMS Networks AB (publ)?

I guess you are interested in HMS Networks AB (publ). Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

Let's analyse HMS Networks AB (publ)

Let's start. I'm going to help you getting a better view of HMS Networks AB (publ). At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

  1. Company's Financial Health
    A deep dive into the books. How are the numbers doing? Is HMS Networks AB (publ) even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
  2. Market Valuation
    Finally, you now have an insight of how HMS Networks AB (publ) is doing in the market. If the company is worth buying. The latest step is to find out how other investors value HMS Networks AB (publ). The closing price on 2022-12-02 was kr327.40 per share. Is the company over- or underpriced?
  3. Key Performance Indicators
    A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.
HMS Networks AB (publ) Daily Candlestick Chart

Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

1.1. Profitability of HMS Networks AB (publ).

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit HMS Networks AB (publ) earns for each kr1 of revenue.

  • Above 10% is considered healthy but always compare HMS Networks AB (publ) to the Communication Equipment industry mean.
  • A Net Profit Margin of 21.6% means that kr0.22 for each kr1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of HMS Networks AB (publ):

  • The MRQ is 21.6%. The company is making a huge profit. +2
  • The TTM is 19.2%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ21.6%TTM19.2%+2.5%
TTM19.2%YOY17.8%+1.3%
TTM19.2%5Y15.4%+3.8%
5Y15.4%10Y13.2%+2.2%
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ21.6%2.0%+19.6%
TTM19.2%1.3%+17.9%
YOY17.8%1.5%+16.3%
5Y15.4%0.5%+14.9%
10Y13.2%1.4%+11.8%
1.1.2. Return on Assets

Shows how efficient HMS Networks AB (publ) is using its assets to generate profit.

  • Above 5% is considered healthy but always compare HMS Networks AB (publ) to the Communication Equipment industry mean.
  • 5.2% Return on Assets means that HMS Networks AB (publ) generated kr0.05 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of HMS Networks AB (publ):

  • The MRQ is 5.2%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 4.7%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ5.2%TTM4.7%+0.5%
TTM4.7%YOY4.3%+0.4%
TTM4.7%5Y3.5%+1.2%
5Y3.5%10Y2.8%+0.7%
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ5.2%0.5%+4.7%
TTM4.7%0.4%+4.3%
YOY4.3%0.5%+3.8%
5Y3.5%0.3%+3.2%
10Y2.8%0.4%+2.4%
1.1.3. Return on Equity

Shows how efficient HMS Networks AB (publ) is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare HMS Networks AB (publ) to the Communication Equipment industry mean.
  • 9.5% Return on Equity means HMS Networks AB (publ) generated kr0.09 for each kr1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of HMS Networks AB (publ):

  • The MRQ is 9.5%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 8.6%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ9.5%TTM8.6%+0.9%
TTM8.6%YOY6.7%+1.9%
TTM8.6%5Y6.1%+2.5%
5Y6.1%10Y5.2%+0.9%
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ9.5%1.1%+8.4%
TTM8.6%1.0%+7.6%
YOY6.7%1.0%+5.7%
5Y6.1%0.5%+5.6%
10Y5.2%0.9%+4.3%

1.2. Operating Efficiency of HMS Networks AB (publ).

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient HMS Networks AB (publ) is operating .

  • Measures how much profit HMS Networks AB (publ) makes for each kr1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare HMS Networks AB (publ) to the Communication Equipment industry mean.
  • An Operating Margin of 28.7% means the company generated kr0.29  for each kr1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of HMS Networks AB (publ):

  • The MRQ is 28.7%. The company is operating very efficient. +2
  • The TTM is 25.2%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ28.7%TTM25.2%+3.5%
TTM25.2%YOY23.1%+2.1%
TTM25.2%5Y19.9%+5.3%
5Y19.9%10Y12.0%+8.0%
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ28.7%2.4%+26.3%
TTM25.2%1.3%+23.9%
YOY23.1%1.9%+21.2%
5Y19.9%1.6%+18.3%
10Y12.0%1.2%+10.8%
1.2.2. Operating Ratio

Measures how efficient HMS Networks AB (publ) is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Communication Equipment industry mean).
  • An Operation Ratio of 0.71 means that the operating costs are kr0.71 for each kr1 in net sales.

Let's take a look of the Operating Ratio trends of HMS Networks AB (publ):

  • The MRQ is 0.713. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.752. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.713TTM0.752-0.038
TTM0.752YOY0.765-0.013
TTM0.7525Y0.796-0.045
5Y0.79610Y0.817-0.021
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7131.565-0.852
TTM0.7521.536-0.784
YOY0.7651.478-0.713
5Y0.7961.363-0.567
10Y0.8171.160-0.343

1.3. Liquidity of HMS Networks AB (publ).

1.3. Liquidity
1.3.1. Current Ratio

Measures if HMS Networks AB (publ) is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Communication Equipment industry mean).
  • A Current Ratio of 1.34 means the company has kr1.34 in assets for each kr1 in short-term debts.

Let's take a look of the Current Ratio trends of HMS Networks AB (publ):

  • The MRQ is 1.341. The company is just able to pay all its short-term debts.
  • The TTM is 1.371. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.341TTM1.371-0.029
TTM1.371YOY1.592-0.221
TTM1.3715Y1.589-0.218
5Y1.58910Y1.437+0.152
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3411.857-0.516
TTM1.3711.823-0.452
YOY1.5921.867-0.275
5Y1.5891.865-0.276
10Y1.4371.650-0.213
1.3.2. Quick Ratio

Measures if HMS Networks AB (publ) is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare HMS Networks AB (publ) to the Communication Equipment industry mean.
  • A Quick Ratio of 0.88 means the company can pay off kr0.88 for each kr1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of HMS Networks AB (publ):

  • The MRQ is 0.877. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.929. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.877TTM0.929-0.051
TTM0.929YOY1.063-0.134
TTM0.9295Y1.032-0.103
5Y1.03210Y0.702+0.330
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8770.851+0.026
TTM0.9290.873+0.056
YOY1.0630.940+0.123
5Y1.0320.934+0.098
10Y0.7020.916-0.214

1.4. Solvency of HMS Networks AB (publ).

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of HMS Networks AB (publ) assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare HMS Networks AB (publ) to Communication Equipment industry mean.
  • A Debt to Asset Ratio of 0.45 means that HMS Networks AB (publ) assets are financed with 45.1% credit (debt) and the remaining percentage (100% - 45.1%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of HMS Networks AB (publ):

  • The MRQ is 0.451. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.450. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.451TTM0.450+0.000
TTM0.450YOY0.345+0.106
TTM0.4505Y0.432+0.019
5Y0.43210Y0.465-0.034
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4510.477-0.026
TTM0.4500.474-0.024
YOY0.3450.457-0.112
5Y0.4320.444-0.012
10Y0.4650.457+0.008
1.4.2. Debt to Equity Ratio

Measures if HMS Networks AB (publ) is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare HMS Networks AB (publ) to the Communication Equipment industry mean.
  • A Debt to Equity ratio of 82.1% means that company has kr0.82 debt for each kr1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of HMS Networks AB (publ):

  • The MRQ is 0.821. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.821. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.821TTM0.821+0.001
TTM0.821YOY0.551+0.270
TTM0.8215Y0.785+0.036
5Y0.78510Y0.909-0.124
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8210.876-0.055
TTM0.8210.908-0.087
YOY0.5510.844-0.293
5Y0.7850.843-0.058
10Y0.9090.910-0.001

2. Market Valuation of HMS Networks AB (publ)

2. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every kr1 in earnings HMS Networks AB (publ) generates.

  • Above 15 is considered overpriced but always compare HMS Networks AB (publ) to the Communication Equipment industry mean.
  • A PE ratio of 104.36 means the investor is paying kr104.36 for every kr1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of HMS Networks AB (publ):

  • The EOD is 113.287. Seems overpriced? -1
  • The MRQ is 104.360. Seems overpriced? -1
  • The TTM is 351.810. Seems overpriced? -1
Trends
Current periodCompared to+/- 
EOD113.287MRQ104.360+8.927
MRQ104.360TTM351.810-247.450
TTM351.810YOY193.641+158.168
TTM351.8105Y204.238+147.571
5Y204.23810Y181.714+22.524
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
EOD113.28740.330+72.957
MRQ104.36039.103+65.257
TTM351.81049.160+302.650
YOY193.64151.657+141.984
5Y204.23837.743+166.495
10Y181.71435.791+145.923
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of HMS Networks AB (publ).

  • Lower is better.
  • A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of HMS Networks AB (publ):

  • The MRQ is 545.314. Seems overpriced? -1
  • The TTM is 552.074. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ545.314TTM552.074-6.760
TTM552.074YOY21.527+530.546
TTM552.0745Y123.327+428.747
5Y123.32710Y-637.507+760.834
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ545.3140.605+544.709
TTM552.0740.115+551.959
YOY21.5270.157+21.370
5Y123.3270.133+123.194
10Y-637.5070.208-637.715

2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of HMS Networks AB (publ) is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Communication Equipment industry mean).
  • A PB ratio of 9.88 means the investor is paying kr9.88 for each kr1 in book value.

Let's take a look of the Price to Book Ratio trends of HMS Networks AB (publ):

  • The EOD is 10.725. Seems overpriced? -1
  • The MRQ is 9.880. Seems overpriced? -1
  • The TTM is 28.569. Seems overpriced? -1
Trends
Current periodCompared to+/- 
EOD10.725MRQ9.880+0.845
MRQ9.880TTM28.569-18.690
TTM28.569YOY12.732+15.837
TTM28.5695Y12.888+15.681
5Y12.88810Y8.970+3.918
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
EOD10.7251.743+8.982
MRQ9.8801.829+8.051
TTM28.5691.996+26.573
YOY12.7322.019+10.713
5Y12.8881.918+10.970
10Y8.9701.591+7.379
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of HMS Networks AB (publ) compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--3.2771.801+82%-0.466+114%0.770+326%0.585+461%
Book Value Growth--0.9140.909+0%0.901+1%0.906+1%0.906+1%
Book Value Per Share--30.52720.136+52%26.284+16%21.186+44%15.727+94%
Book Value Per Share Growth--0.107-0.096+189%-0.024+123%0.001+16686%0.018+490%
Current Ratio--1.3411.371-2%1.592-16%1.589-16%1.437-7%
Debt To Asset Ratio--0.4510.450+0%0.345+31%0.432+4%0.465-3%
Debt To Equity Ratio--0.8210.821+0%0.551+49%0.785+5%0.909-10%
Dividend Per Share--2.9971.826+64%1.491+101%1.436+109%0.755+297%
Dividend Per Share Growth---0.0020.066-102%-71.974+4774980%-16.792+1113968%-15.804+1048389%
Eps--2.8901.769+63%1.733+67%1.305+121%0.877+230%
Eps Growth--0.191-0.063+133%0.050+283%-0.021+111%-0.147+177%
Gross Profit Margin--0.193-0.012+106%-0.102+153%-0.547+384%-1.242+745%
Net Profit Margin--0.2160.192+13%0.178+21%0.154+41%0.132+64%
Operating Margin--0.2870.252+14%0.231+24%0.199+44%0.120+140%
Operating Ratio--0.7130.752-5%0.765-7%0.796-10%0.817-13%
Pb Ratio10.725+8%9.88028.569-65%12.732-22%12.888-23%8.970+10%
Pe Ratio113.287+8%104.360351.810-70%193.641-46%204.238-49%181.714-43%
Peg Ratio--545.314552.074-1%21.527+2433%123.327+342%-637.507+217%
Price Per Share327.400+8%301.600434.550-31%329.875-9%243.910+24%149.100+102%
Price To Total Gains Ratio52.182+8%48.07057.091-16%62.343-23%79.513-40%217.521-78%
Profit Growth--92.16891.324+1%90.781+2%90.428+2%89.040+4%
Quick Ratio--0.8770.929-6%1.063-17%1.032-15%0.702+25%
Return On Assets--0.0520.047+10%0.043+21%0.035+50%0.028+88%
Return On Equity--0.0950.086+11%0.067+42%0.061+55%0.052+84%
Revenue Growth--0.9070.9090%0.9100%0.906+0%0.9070%
Total Gains Per Share--6.2743.626+73%1.025+512%2.206+184%1.340+368%
Total Gains Per Share Growth---1.9361.242-256%-0.557-71%-0.021-99%-2.000+3%
Usd Book Value--138322000.000124817999.500+11%119394584.000+16%102811299.100+35%74648833.200+85%
Usd Book Value Change Per Share--0.3180.175+82%-0.045+114%0.075+326%0.057+461%
Usd Book Value Per Share--2.9611.953+52%2.550+16%2.055+44%1.526+94%
Usd Dividend Per Share--0.2910.177+64%0.145+101%0.139+109%0.073+297%
Usd Eps--0.2800.172+63%0.168+67%0.127+121%0.085+230%
Usd Price Per Share31.758+8%29.25542.151-31%31.998-9%23.659+24%14.463+102%
Usd Profit--13095000.00010739185.250+22%7868834.000+66%6465244.000+103%4248098.025+208%
Usd Revenue--60528000.00056083581.250+8%43815433.500+38%40576899.350+49%29293822.975+107%
Usd Total Gains Per Share--0.6090.352+73%0.099+512%0.214+184%0.130+368%
 EOD+2 -3MRQTTM+27 -9YOY+27 -95Y+28 -810Y+30 -6

3.2. Fundamental Score

Let's check the fundamental score of HMS Networks AB (publ) based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15113.287
Price to Book Ratio (EOD)Between0-110.725
Net Profit Margin (MRQ)Greater than00.216
Operating Margin (MRQ)Greater than00.287
Quick Ratio (MRQ)Greater than10.877
Current Ratio (MRQ)Greater than11.341
Debt to Asset Ratio (MRQ)Less than10.451
Debt to Equity Ratio (MRQ)Less than10.821
Return on Equity (MRQ)Greater than0.150.095
Return on Assets (MRQ)Greater than0.050.052
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of HMS Networks AB (publ) based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.457
Ma 20Greater thanMa 50321.550
Ma 50Greater thanMa 100304.360
Ma 100Greater thanMa 200359.084
OpenGreater thanClose328.000
Total3/5 (60.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2021-09-302021-12-312022-03-312022-06-302022-09-30
Net Tangible Assets  -226,000215,776-10,224-37,776-48,000-33,000-81,000125,00044,000



Latest Balance Sheet

Balance Sheet of 2022-09-30. Currency in SEK. All numbers in thousands.

Summary
Total Assets2,597,000
Total Liabilities1,171,000
Total Stockholder Equity1,426,000
 As reported
Total Liabilities 1,171,000
Total Stockholder Equity+ 1,426,000
Total Assets = 2,597,000

Assets

Total Assets2,597,000
Total Current Assets951,000
Long-term Assets951,000
Total Current Assets
Cash And Cash Equivalents 138,000
Net Receivables 484,000
Inventory 328,000
Total Current Assets  (as reported)951,000
Total Current Assets  (calculated)950,000
+/- 1,000
Long-term Assets
Property Plant Equipment 214,000
Goodwill 1,098,000
Intangible Assets 284,000
Other Assets 36,000
Long-term Assets  (as reported)1,646,000
Long-term Assets  (calculated)1,632,000
+/- 14,000

Liabilities & Shareholders' Equity

Total Current Liabilities709,000
Long-term Liabilities462,000
Total Stockholder Equity1,426,000
Total Current Liabilities
Short-term Debt 157,000
Short Long Term Debt 114,000
Accounts payable 199,000
Other Current Liabilities 353,000
Total Current Liabilities  (as reported)709,000
Total Current Liabilities  (calculated)823,000
+/- 114,000
Long-term Liabilities
Long term Debt Total 265,000
Other Liabilities 197,000
Long-term Liabilities  (as reported)462,000
Long-term Liabilities  (calculated)462,000
+/-0
Total Stockholder Equity
Common Stock1,426,000
Total Stockholder Equity (as reported)1,426,000
Total Stockholder Equity (calculated)1,426,000
+/-0
Other
Cash And Equivalents138,000
Cash and Short Term Investments 138,000
Common Stock Shares Outstanding 46,713
Liabilities and Stockholders Equity 2,597,000
Net Debt 284,000
Net Invested Capital 1,685,000
Net Tangible Assets 44,000
Net Working Capital 242,000
Short Long Term Debt Total 422,000



Balance Sheet

Currency in SEK. All numbers in thousands.

 Trend2022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-31
> Total Assets 
0
0
0
338,814
353,048
364,604
380,405
392,419
381,920
374,830
393,740
391,113
394,512
405,938
410,746
417,615
760,407
766,073
762,610
770,563
779,524
810,091
818,245
832,341
834,502
837,949
840,988
830,863
1,185,565
1,386,824
1,393,027
1,406,152
1,422,458
1,436,990
1,414,385
1,438,267
1,494,000
1,551,000
1,585,000
1,576,804
1,748,000
1,861,000
1,819,000
1,757,559
1,856,000
1,803,000
1,827,000
1,825,967
1,833,000
1,857,000
2,030,000
2,203,640
2,253,000
2,312,000
2,597,000
2,597,0002,312,0002,253,0002,203,6402,030,0001,857,0001,833,0001,825,9671,827,0001,803,0001,856,0001,757,5591,819,0001,861,0001,748,0001,576,8041,585,0001,551,0001,494,0001,438,2671,414,3851,436,9901,422,4581,406,1521,393,0271,386,8241,185,565830,863840,988837,949834,502832,341818,245810,091779,524770,563762,610766,073760,407417,615410,746405,938394,512391,113393,740374,830381,920392,419380,405364,604353,048338,814000
   > Total Current Assets 
0
0
0
78,725
92,247
103,548
118,193
126,757
111,764
102,240
120,558
115,572
111,777
114,926
113,734
110,676
153,385
137,710
130,180
119,411
126,565
146,709
156,108
153,165
165,704
174,047
174,975
170,599
245,842
300,106
318,505
333,278
356,454
364,983
359,091
365,936
390,000
442,000
424,000
418,631
475,000
517,000
450,000
422,279
471,000
493,000
525,000
487,267
491,000
537,000
550,000
717,191
757,000
783,000
951,000
951,000783,000757,000717,191550,000537,000491,000487,267525,000493,000471,000422,279450,000517,000475,000418,631424,000442,000390,000365,936359,091364,983356,454333,278318,505300,106245,842170,599174,975174,047165,704153,165156,108146,709126,565119,411130,180137,710153,385110,676113,734114,926111,777115,572120,558102,240111,764126,757118,193103,54892,24778,725000
       Cash And Cash Equivalents 
0
0
0
25,512
29,332
30,306
43,669
54,984
25,128
17,250
30,984
26,573
20,691
25,605
25,367
31,487
32,424
10,496
16,953
15,818
8,414
22,683
23,921
17,629
12,500
16,594
19,136
19,503
47,652
75,546
89,554
99,036
120,942
110,164
82,257
90,982
71,000
96,000
55,000
58,951
93,000
86,000
57,000
51,241
67,000
105,000
175,000
81,544
80,000
90,000
103,000
172,174
197,000
76,000
138,000
138,00076,000197,000172,174103,00090,00080,00081,544175,000105,00067,00051,24157,00086,00093,00058,95155,00096,00071,00090,98282,257110,164120,94299,03689,55475,54647,65219,50319,13616,59412,50017,62923,92122,6838,41415,81816,95310,49632,42431,48725,36725,60520,69126,57330,98417,25025,12854,98443,66930,30629,33225,512000
       Short-term Investments 
0
0
0
0
0
0
0
1,041
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000000000000000000000000000000000001,0410000000
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
143,484
150,007
166,174
174,383
154,798
186,000
203,000
215,000
192,209
176,000
191,000
162,000
205,065
251,000
247,000
214,000
211,187
261,000
293,000
265,000
333,749
336,000
434,000
484,000
484,000434,000336,000333,749265,000293,000261,000211,187214,000247,000251,000205,065162,000191,000176,000192,209215,000203,000186,000154,798174,383166,174150,007143,4840000000000000000000000000000000
       Other Current Assets 
0
0
0
40,170
46,138
53,174
54,980
47,053
57,260
53,650
58,311
53,415
59,413
60,449
62,584
52,346
85,543
90,572
78,212
67,622
82,702
86,260
86,095
81,583
99,230
98,957
97,238
95,286
123,578
143,432
139,406
148,147
150,006
166,174
174,383
157,809
186,000
203,000
214,000
202,215
223,000
257,000
219,000
212,239
251,000
247,000
214,000
247,948
261,000
293,000
265,000
349,833
337,000
433,000
485,000
485,000433,000337,000349,833265,000293,000261,000247,948214,000247,000251,000212,239219,000257,000223,000202,215214,000203,000186,000157,809174,383166,174150,006148,147139,406143,432123,57895,28697,23898,95799,23081,58386,09586,26082,70267,62278,21290,57285,54352,34662,58460,44959,41353,41558,31153,65057,26047,05354,98053,17446,13840,170000
   > Long-term Assets 
0
0
0
260,089
260,801
261,056
262,212
265,662
270,156
272,590
273,182
275,541
282,735
291,012
297,012
306,939
607,022
628,363
632,430
651,152
652,959
663,382
662,137
679,176
668,798
663,902
666,013
660,264
939,723
1,086,718
1,074,522
1,072,874
1,066,004
1,072,007
1,055,295
1,072,331
1,104,000
1,110,000
1,160,000
1,158,173
1,273,000
1,344,000
1,368,000
1,335,280
1,386,000
1,310,000
1,302,000
1,338,700
1,342,000
1,320,000
1,480,000
1,486,449
1,496,000
1,529,000
1,646,000
1,646,0001,529,0001,496,0001,486,4491,480,0001,320,0001,342,0001,338,7001,302,0001,310,0001,386,0001,335,2801,368,0001,344,0001,273,0001,158,1731,160,0001,110,0001,104,0001,072,3311,055,2951,072,0071,066,0041,072,8741,074,5221,086,718939,723660,264666,013663,902668,798679,176662,137663,382652,959651,152632,430628,363607,022306,939297,012291,012282,735275,541273,182272,590270,156265,662262,212261,056260,801260,089000
       Property Plant Equipment 
0
0
0
8,564
8,583
8,375
8,707
10,685
13,048
13,052
14,580
15,347
19,298
21,718
21,321
21,106
21,832
20,697
19,785
20,179
19,451
18,092
16,420
18,520
17,588
17,569
16,399
15,299
35,818
37,666
39,284
38,977
37,591
42,279
41,295
49,320
51,000
52,000
52,000
51,678
156,000
154,000
160,000
156,418
155,000
145,000
138,000
143,920
137,000
132,000
130,000
125,880
127,000
126,000
214,000
214,000126,000127,000125,880130,000132,000137,000143,920138,000145,000155,000156,418160,000154,000156,00051,67852,00052,00051,00049,32041,29542,27937,59138,97739,28437,66635,81815,29916,39917,56917,58818,52016,42018,09219,45120,17919,78520,69721,83221,10621,32121,71819,29815,34714,58013,05213,04810,6858,7078,3758,5838,564000
       Goodwill 
0
0
0
236,071
236,071
236,071
236,071
236,071
236,071
236,071
236,071
236,071
236,071
236,071
0
236,071
380,272
386,379
386,218
390,845
390,934
395,231
394,972
400,752
396,796
395,591
398,959
394,167
558,967
565,406
627,961
744,433
743,343
750,092
744,427
759,460
784,000
791,000
842,000
840,855
849,000
909,000
908,000
875,848
916,000
865,000
869,000
901,969
915,000
908,000
1,032,000
1,034,165
1,043,000
1,070,000
1,098,000
1,098,0001,070,0001,043,0001,034,1651,032,000908,000915,000901,969869,000865,000916,000875,848908,000909,000849,000840,855842,000791,000784,000759,460744,427750,092743,343744,433627,961565,406558,967394,167398,959395,591396,796400,752394,972395,231390,934390,845386,218386,379380,272236,0710236,071236,071236,071236,071236,071236,071236,071236,071236,071236,071236,071000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,313
8,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000008,0005,313000000000000000000000000000000000000000
       Intangible Assets 
0
0
0
14,653
15,340
15,746
16,685
18,150
20,336
22,765
21,769
23,353
26,630
32,449
0
48,910
204,193
220,540
225,712
239,407
241,850
249,309
249,940
257,079
251,913
248,421
248,492
245,836
342,595
480,938
403,776
285,852
281,193
275,626
262,466
261,073
263,000
259,000
259,000
254,475
251,000
265,000
275,000
290,006
302,000
286,000
282,000
278,379
271,000
262,000
286,000
280,710
278,000
282,000
284,000
284,000282,000278,000280,710286,000262,000271,000278,379282,000286,000302,000290,006275,000265,000251,000254,475259,000259,000263,000261,073262,466275,626281,193285,852403,776480,938342,595245,836248,492248,421251,913257,079249,940249,309241,850239,407225,712220,540204,19348,910032,44926,63023,35321,76922,76520,33618,15016,68515,74615,34014,653000
       Other Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
121,335
3,876
4,010
7,106
103,011
6,000
7,000
2,321,000
105,808
9,000
16,000
2,737,000
131,517
12,000
14,000
13,000
137,614
19,000
18,000
32,000
149,650
33,000
37,000
36,000
36,00037,00033,000149,65032,00018,00019,000137,61413,00014,00012,000131,5172,737,00016,0009,000105,8082,321,0007,0006,000103,0117,1064,0103,876121,3350000000000000000000000000000000
> Total Liabilities 
0
0
0
98,380
99,224
106,251
104,260
106,604
102,151
102,633
104,215
92,570
85,161
89,463
77,484
75,560
407,427
421,717
397,917
393,006
387,137
426,772
409,565
409,743
392,145
406,844
386,124
375,381
626,882
824,693
782,877
769,708
756,699
764,509
707,648
716,972
698,000
773,000
769,000
719,898
838,000
961,000
866,000
747,176
768,000
688,000
644,000
605,479
526,000
553,000
938,000
1,026,506
980,000
1,041,000
1,171,000
1,171,0001,041,000980,0001,026,506938,000553,000526,000605,479644,000688,000768,000747,176866,000961,000838,000719,898769,000773,000698,000716,972707,648764,509756,699769,708782,877824,693626,882375,381386,124406,844392,145409,743409,565426,772387,137393,006397,917421,717407,42775,56077,48489,46385,16192,570104,215102,633102,151106,604104,260106,25199,22498,380000
   > Total Current Liabilities 
0
0
0
47,553
35,836
47,132
48,477
66,002
49,450
53,152
57,843
71,077
42,047
48,004
50,929
51,890
108,218
118,391
103,891
104,073
106,318
149,029
141,342
139,736
137,678
159,304
145,759
144,997
182,227
243,766
252,572
247,984
252,833
274,209
221,788
242,596
215,000
239,000
276,000
266,023
310,000
343,000
302,000
249,177
284,000
278,000
263,000
279,744
305,000
341,000
382,000
460,705
717,000
512,000
709,000
709,000512,000717,000460,705382,000341,000305,000279,744263,000278,000284,000249,177302,000343,000310,000266,023276,000239,000215,000242,596221,788274,209252,833247,984252,572243,766182,227144,997145,759159,304137,678139,736141,342149,029106,318104,073103,891118,391108,21851,89050,92948,00442,04771,07757,84353,15249,45066,00248,47747,13235,83647,553000
       Short-term Debt 
0
0
0
16,320
0
0
0
15,391
0
0
0
24,404
0
0
0
286
0
0
0
36,058
0
66,558
54,185
40,497
39,582
58,506
40,082
38,759
66,291
95,562
87,995
86,094
85,660
86,167
3,391
3,775
4,000
4,000
25,000
23,829
51,000
69,000
34,000
31,716
43,000
34,000
33,000
34,691
35,000
35,000
32,000
31,394
34,000
34,000
157,000
157,00034,00034,00031,39432,00035,00035,00034,69133,00034,00043,00031,71634,00069,00051,00023,82925,0004,0004,0003,7753,39186,16785,66086,09487,99595,56266,29138,75940,08258,50639,58240,49754,18566,558036,05800028600024,40400015,39100016,320000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
519,698
502,095
489,095
3,391
253
4,000
4,000
25,000
20,825
21,000
39,000
2,000
1,195
12,000
2,000
2,000
828
2,000
1,000
1,000
3,030
1,000
1,000
114,000
114,0001,0001,0003,0301,0001,0002,0008282,0002,00012,0001,1952,00039,00021,00020,82525,0004,0004,0002533,391489,095502,095519,6980000000000000000000000000000000
       Accounts payable 
0
0
0
16,432
17,316
17,943
23,220
28,714
25,048
22,141
22,838
22,216
17,764
20,764
23,350
25,462
27,690
33,594
28,986
28,342
29,635
34,762
37,991
40,695
36,416
43,937
45,715
44,704
47,686
54,389
60,588
64,275
65,799
80,250
89,126
98,708
87,000
89,000
92,000
104,610
106,000
111,000
87,000
75,893
79,000
81,000
77,000
90,979
97,000
107,000
116,000
164,638
152,000
187,000
199,000
199,000187,000152,000164,638116,000107,00097,00090,97977,00081,00079,00075,89387,000111,000106,000104,61092,00089,00087,00098,70889,12680,25065,79964,27560,58854,38947,68644,70445,71543,93736,41640,69537,99134,76229,63528,34228,98633,59427,69025,46223,35020,76417,76422,21622,83822,14125,04828,71423,22017,94317,31616,432000
       Other Current Liabilities 
0
0
0
14,801
18,520
29,189
25,257
21,897
24,402
31,011
35,005
24,457
24,283
27,240
27,579
26,142
80,528
84,797
74,905
39,673
76,683
47,709
49,166
58,544
61,680
56,861
59,962
61,534
68,250
93,815
103,989
97,615
101,374
107,792
129,271
140,113
124,000
146,000
159,000
137,584
153,000
163,000
181,000
141,568
162,000
163,000
153,000
154,074
173,000
199,000
234,000
201,552
531,000
291,000
353,000
353,000291,000531,000201,552234,000199,000173,000154,074153,000163,000162,000141,568181,000163,000153,000137,584159,000146,000124,000140,113129,271107,792101,37497,615103,98993,81568,25061,53459,96256,86161,68058,54449,16647,70976,68339,67374,90584,79780,52826,14227,57927,24024,28324,45735,00531,01124,40221,89725,25729,18918,52014,801000
   > Long-term Liabilities 
0
0
0
50,827
63,388
59,119
55,783
40,602
52,701
49,481
46,372
21,493
43,114
41,459
26,555
23,670
299,209
303,326
294,026
288,933
280,819
277,743
268,223
270,007
254,467
247,540
240,365
230,384
444,655
580,927
530,305
521,724
503,866
490,300
485,860
474,376
483,000
534,000
493,000
453,875
528,000
618,000
564,000
497,999
484,000
410,000
381,000
325,735
221,000
212,000
556,000
565,801
263,000
529,000
462,000
462,000529,000263,000565,801556,000212,000221,000325,735381,000410,000484,000497,999564,000618,000528,000453,875493,000534,000483,000474,376485,860490,300503,866521,724530,305580,927444,655230,384240,365247,540254,467270,007268,223277,743280,819288,933294,026303,326299,20923,67026,55541,45943,11421,49346,37249,48152,70140,60255,78359,11963,38850,827000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
245,357
142,000
134,000
64,000
63,000
60,000
328,000
265,000
265,000328,00060,00063,00064,000134,000142,000245,35700000000000000000000000000000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
88,121
87,430
87,372
87,656
83,621
81,000
77,000
81,000
76,277
78,000
78,000
78,000
81,874
70,000
74,000
77,000
86,804
79,000
78,000
492,000
513,060
203,000
201,000
197,000
197,000201,000203,000513,060492,00078,00079,00086,80477,00074,00070,00081,87478,00078,00078,00076,27781,00077,00081,00083,62187,65687,37287,43088,1210000000000000000000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
117,721
0
0
0
100,532
0
0
0
100,060
0
0
0
123,822
0
0
0
129,968
0
0
0
127,515
0
0
0
000127,515000129,968000123,822000100,060000100,532000117,7210000000000000000000000000000000
> Total Stockholder Equity
0
0
0
237,011
249,963
254,307
271,801
282,206
279,769
272,197
289,525
298,543
309,351
316,475
333,262
342,055
352,980
344,356
364,693
377,557
392,387
383,319
408,680
422,598
442,357
431,105
454,864
455,482
558,683
562,131
610,150
636,444
665,759
672,481
706,737
721,295
796,000
778,000
816,000
856,906
910,000
886,000
939,000
998,460
1,075,000
1,107,000
1,175,000
1,203,758
1,286,000
1,279,000
1,092,000
1,177,134
1,273,000
1,271,000
1,426,000
1,426,0001,271,0001,273,0001,177,1341,092,0001,279,0001,286,0001,203,7581,175,0001,107,0001,075,000998,460939,000886,000910,000856,906816,000778,000796,000721,295706,737672,481665,759636,444610,150562,131558,683455,482454,864431,105442,357422,598408,680383,319392,387377,557364,693344,356352,980342,055333,262316,475309,351298,543289,525272,197279,769282,206271,801254,307249,963237,011000
   Common Stock
0
0
0
1,115
0
0
0
1,115
0
0
0
1,115
0
0
0
1,132
0
0
0
1,132
0
0
0
1,132
0
0
0
1,132
0
0
0
1,170
665,759
672,481
706,737
1,170
796,000
778,000
816,000
1,170
910,000
886,000
939,000
1,170
1,075,000
1,107,000
1,175,000
1,170
1,286,000
1,279,000
1,092,000
1,170
1,273,000
1,271,000
1,426,000
1,426,0001,271,0001,273,0001,1701,092,0001,279,0001,286,0001,1701,175,0001,107,0001,075,0001,170939,000886,000910,0001,170816,000778,000796,0001,170706,737672,481665,7591,1700001,1320001,1320001,1320001,1320001,1150001,1150001,115000
   Retained Earnings Total Equity0000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 0000000000000000000000000000000000000000000000000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
218,318
0
0
0
000218,318000000000000000000000000000000000000000000000000000
   Treasury Stock0000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
110,624
0
0
0
112,160
0
0
0
111,492
0
0
0
127,908
0
0
0
129,286
0
0
0
135,396
0
0
0
134,567
0
0
0
241,779
0
0
0
262,266
0
0
0
301,637
0
0
0
318,066
1,075,000
1,107,000
1,175,000
305,070
1,286,000
1,279,000
1,092,000
299,735
1,273,000
1,271,000
1,426,000
1,426,0001,271,0001,273,000299,7351,092,0001,279,0001,286,000305,0701,175,0001,107,0001,075,000318,066000301,637000262,266000241,779000134,567000135,396000129,286000127,908000111,492000112,160000110,624000



Balance Sheet

Currency in SEK. All numbers in thousands.




Cash Flow

Currency in SEK. All numbers in thousands.




Income Statement

Currency in SEK. All numbers in thousands.