Target achievement 2017

Growth

Through the acquisition of Bringwell and strong development for our largest brands, the Group achieved a growth of 25 percent.

EBIT margin

EBIT margin before items affecting comparability increased to 7.1 percent (6.2) through greater efficiency and realisation of synergies from earlier acquisitions.

Net debt/EBITDA

Multiple of 3.9. Net debt/EBITDA is continuing downwards through Midsona's strong cash flow and improved earnings. Periodically, the ratio between net debt and EBITDA on a rolling 12 month basis can be significantly higher than the target during the period following an acquisitions, since the result of the acquisition have yet to reach full impact.

Dividend

The dividend for fiscal year 2017 of SEK 1.25 corresponds to just over 68 percent, meaning that the dividend target has been surpassed over the past five years.