Financial data
Income statements, January-December (SEK million) | 2015 | 2016 | 2017 | 2018 | 2019 |
---|---|---|---|---|---|
Total revenue | 229.8 | 330.0 | 365.7 | 354.5 | 513.8 |
Cost of goods sold | -111.5 | -159.0 | -163.4 | -154.7 | -200.5 |
Gross profit | 118.3 | 171.0 | 202.3 | 199.7 | 313.3 |
Operating expenses | -65.4 | -73.2 | -119.4 | -132.0 | -170.7 |
Depreciation/amortization and impairment losses | -5.6 | -7.5 | -4.4 | -4.3 | -10.0 |
Operating profit | 47.3 | 90.4 | 78.5 | 63.5 | 132.6 |
Net financial items | -0.5 | -0.1 | -5.1 | 0.7 | 1.5 |
Profit/loss before tax | 46.9 | 90.3 | 73.5 | 64.2 | 134.1 |
Income tax | 10.2 | 1.5 | -11.2 | -16.0 | -32.5 |
Profit/loss for the year | 57.1 | 91.8 | 62.3 | 48.2 | 101.6 |
Balance sheets, December 31 (SEK million) | 2015 | 2016 | 2017 | 2018 | 2019 |
ASSETS | |||||
Non-current assets | |||||
Intangible assets | 16.9 | 17.5 | 27.7 | 49.7 | 85.6 |
Tangible assets | 0.6 | 3.3 | 4.5 | 4.4 | 3.1 |
Rights of use, leases | 25.3 | ||||
Financial assets | 30.1 | 35.7 | 27.4 | 17.3 | 4.1 |
Total non-current assets | 47.6 | 56.5 | 59.6 | 71.4 | 118.0 |
Current assets | |||||
Inventories | 19.9 | 25.9 | 36.3 | 101.3 | 95.6 |
Trade receivables | 35.9 | 39.4 | 121.1 | 104.6 | 111.0 |
Other current receivables | 8.3 | 5.9 | 12.1 | 16.2 | 10.0 |
Cash and cash equivalents | 29.4 | 133.2 | 113.2 | 62.2 | 145.1 |
Total current assets | 93.4 | 204.4 | 282.6 | 284.3 | 361.7 |
TOTAL ASSETS | 141.0 | 260.9 | 342.2 | 355.7 | 479.7 |
SHAREHOLDERS’ EQUITY AND LIABILITIES | |||||
Shareholders’ equity | 105.6 | 209.5 | 259.9 | 292.0 | 366.0 |
Non-current liabilities | |||||
Lease liabilities | - | - | - | - | 22.0 |
Deferred tax liabilities | - | - | - | - | 6.5 |
Total non-current liabilities | 0.0 | 0.0 | 0.0 | 0.0 | 28.5 |
Current liabilities | |||||
Accounts payable - trade | 15.8 | 26.0 | 49.7 | 39.6 | 29.8 |
Lease liabilities | - | - | - | - | 3.9 |
Other current liabilities | 19.6 | 25.4 | 32.7 | 24.1 | 51.5 |
Total current liabilities | 35.4 | 51.4 | 82.3 | 63.7 | 85.2 |
TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES | 141.0 | 260.9 | 342.2 | 355.7 | 479.7 |
Cash flow statement, January-December (SEK million) | 2015 | 2016 | 2017 | 2018 | 2019 |
Profit/loss before tax | 46.9 | 90.3 | 73.5 | 64.2 | 134.1 |
Adjustments for non-cash items | 4.6 | 13.2 | 7.3 | 2.0 | 8.7 |
Income tax paid | -2.7 | -5.1 | -2.7 | -4.8 | -2.8 |
Cash flow from operating activities before changes in working capital | 48.8 | 98.4 | 78.1 | 61.4 | 140.0 |
Cash flow from changes in working capital | -18.9 | 7.5 | -67.2 | -64.3 | 18.4 |
Cash flow from operating activities | 29.9 | 105.8 | 10.9 | -3.0 | 158.4 |
Cash flow from investing activities | -4.7 | -10.5 | -15.0 | -25.1 | -40.8 |
Cash flow from financing activities | -23.1 | 6.2 | -18.3 | -26.5 | -34.2 |
CASH FLOW FOR THE YEAR | 2.1 | 101.5 | -22.4 | -54.6 | 83.4 |
Key figures | 2015 | 2016 | 2017 | 2018 | 2019 |
Margins | |||||
Gross margin, % | 51.5 | 51.8 | 55.3 | 56.4 | 61.0 |
Operating margin, % | 20.6 | 27.4 | 21.5 | 17.9 | 25.8 |
Profit margin, % | 24.8 | 27.8 | 17.0 | 13.6 | 19.8 |
Equity ratio, % | 74.9 | 80.3 | 75.9 | 82.1 | 76.3 |
Other | |||||
Number of employees at close of year | 40 | 52 | 73 | 82 | 101 |
The Invisio share | |||||
Number of shares at close of period, thousands | 42.240 | 43.449 | 44.098 | 44.098 | 44.098 |
Earnings per share, SEK | 1.35 | 2.14 | 1.42 | 1.09 | 2.30 |
Earnings per share after dilution, SEK | 1.30 | 2.08 | 1.41 | 1.09 | 2.30 |
Equity per share, SEK | 2.50 | 4.82 | 5.89 | 6.62 | 8.30 |
Shareholders' equity per share after dilution, SEK | 2.39 | 4.75 | 5.89 | 6.62 | 8.28 |
Share price at close of period, SEK | 75.75 | 63.75 | 79.25 | 56.90 | 101.80 |