Lagercrantz 2009/10

1 April 2009–31 March 2010

The year was marked by adaptation to lower business volumes. Action taken had a mounting positive effect during the financial year, especially with respect to profit and cash flow. An improvement in the business climate was seen towards the end of the financial year.
Net revenue for 2009/10 amounted to MSEK 1,720 (2,138).

The operating result amounted to MSEK 67 (105), equivalent to an operating margin of 3.9 percent (4.9). This result includes items affecting comparability of MSEK –1 (–21). The result after financial items amounted to MSEK 58 (94) and the result after taxes amounted to MSEK 42 (68).
Earnings per share amounted to SEK 1.91 (3.05).
Cash flow from operating activities per share amounted to SEK 87 (137), equivalent to a per-share cash flow of SEK 3.96 (6.15).
The return on equity was 8 percent (14) and the equity ratio was 56 percent (49) at the end of the period.
The Board of Directors proposes a dividend of SEK 1.50 (1.50) per share.

	2009/10	2008/09
Net revenue, MSEK	1,720	2,138
Operating result, MSEK	67	105
Operating margin, %	3.9	4.9
Result after financial items, MSEK	58	94
Result after taxes, MSEK	42	68
Cash flow from operating activities, MSEK	87	137
Equity ratio, %	56	49
Earnings per share, SEK¹	1.91	3.05
Number of employees at end of period	608	742
Return on equity, %	8	14
Dividend, SEK²	1.50	1.50

¹ Calculated based on average number of shares outstanding. ² As proposed by the Board of Directors for 2009/10.