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