Financial information

// Lagercrantz / Financial information / Financial overview / Consolidated income statement

Consolidated income statement

MSEK	2011/12	2010/11	2009/10	2008/09	2007/08	2006/07
Net revenue	2,265	2,029	1,720	2,138	2,172	1,974
Electronics	606	586	552	727	778	751
Mechatronics	770	740	511	628	604	541
Communications	739	703	657	783	790	682
Niche Products	150
Parent company/Group items				-	-	-
Cost of goods sold	-1,609	-1,461	-1,265	-1,576	-1,622	-1,490
GROSS PROFIT	656	568	455	562	550	484
Selling costs	-323	-280	-257	-302	-301	-275
Administrative expenses	-134	-129	-120	-157	-128	-120
Research and development expenses	-21	-17	-13	-10	-8	-10
Other operating income and operating expenses	6	5	2	12	18	20
OPERATING PROFIT	184	147	67	105	131	99
Electronics	42	30	17	24	38	23
Mechatronics	97	77	30	49	50	35
Communications	43	53	34	52	51	43
Niche Products	26
Parent company/Group items	-24	-13	-14	-20	-8	-2
(of which depreciation)	(-35)	(-29)	(-6)	-25	-23	-21
Net finance items	-13	-10	-9	-11	-10	-9
PROFIT AFTER FINANCE ITEMS	171	137	58	94	121	90
Taxes	-45	-35	-16	-26	-30	-25
NET PROFIT FOR THE PERIOD	126	102	42	68	91	65

Earnings per share, SEK	5.66	4.63	1.91	3.05	3.92	2.75
Earnings per share after dilution, SEK	5.63	4.61
Weighted number of shares outstanding after repurchases (’000)	22,242	22,046	21,978	22,287	23,212	23,678
Weighted number of shares outstanding after repurchases and dilution(’000)	22,392	22,133	21,978	21,978	22,478	23,678
Number of shares outstanding after period's repurchases (’000)	22,217	22,196	21,979	21,979	22,479	23,679

MSEK	Q4	Q3	Q2	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2	Q1	Q4
	2011/12				2010/11				2009/10				2008/09				2007/08				2006/07				2005/06
Net revenue	602	569	539	555	551	530	494	454	435	448	403	434	528	557	521	532	562	562	515	533	557	530	456	431
Electronics	158	147	152	149	166	149	138	133	135	132	136	149	187	181	176	183	195	206	182	195	207	175	186	183
Mechatronics	199	197	192	182	182	188	199	171	124	149	120	118	140	163	159	166	157	150	145	152	154	152	136	99
Communications	203	188	169	179	203	193	157	150	176	167	147	167	201	213	186	183	210	206	188	186	196	203	134	149
Niche Products	42	37	26	45
Parent company/Group items									0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of goods sold	-427	-403	-386	-393	-400	-378	-357	-326	-317	-332	-298	-318	-398	-411	-382	-385	-419	-417	-388	-398	-422	-398	-343	-327
GROSS PROFIT	175	166	153	162	151	152	137	128	118	116	105	116	130	146	139	147	143	145	127	135	135	132	113	104
Selling costs	-86	-85	-71	-80	-74	-74	-64	-68	-67	-63	-60	-67	-76	-78	-71	-77	-79	-79	-66	-77	-83	-71	-61	-60
Administrative expenses	-35	-35	-33	-31	-31	-34	-34	-30	-26	-32	-29	-33	-45	-41	-35	-36	-28	-37	-29	-34	-25	-35	-31	-29
Research and development expenses	-6	-6	-4	-5	-5	-4	-4	-4	-5	-3	-2	-3	-4	-1	-3	-2	-2	0	-3	-3	-3	-3	-3	-1
Other operating income and operating expenses	4	2	0	-1	4	1	0	0	2	2	-2	0	5	4	2	1	6	5	0	7	9	1	3	7
OPERATING PROFIT	52	42	45	45	45	41	35	26	22	20	12	13	10	30	32	33	40	34	29	28	33	24	21	21
Electronics	13	9	10	10	11	8	5	6	7	5	2	3	7	3	6	8	13	10	8	7	9	2	8	4
Mechatronics	29	22	25	21	20	19	23	15	8	9	8	5	4	13	17	15	15	13	13	9	11	9	10	5
Communications	13	10	11	9	17	16	11	9	11	10	5	8	7	17	16	12	14	15	10	12	14	17	6	6
Niche Products	8	6	4	8
Parent company/Group items	-11	-5	-5	-3	-3	-2	-4	-4	-4	-4	-3	-3	-8	-3	-7	-2	-2	-4	-2	0	-1	-4	-3	6
(of which depreciation)	(-10)	(-9)	(-8)	(-8)	(-8)	(-7)	(-7)	(-7)	(-6)	(-7)	(-6)	(-6)	-7	-6	-6	-6	-6	-6	-5	-6	-5	-6	-5	-5
Net finance items	-4	-3	-3	-3	-6	-3	-1	0	-3	-2	-1	-3	-5	-2	-2	-2	-3	-2	-2	-3	-4	-2	-1	-2
PROFIT AFTER FINANCE ITEMS	48	39	42	42	39	38	34	26	19	18	11	10	5	28	30	31	37	32	27	25	29	22	20	19
Taxes	-13	-11	-10	-11	-10	-10	-9	-6	-6	-4	-3	-3	-1	-6	-10	-9	-7	-9	-7	-7	-8	-7	-5	-5
NET PROFIT FOR THE PERIOD	35	28	32	31	29	28	25	20	13	14	8	7	4	22	20	22	30	23	20	18	21	15	15	14

Earnings per share, SEK	1.57	1.26	1.44	1.40	1.31	1.27	1.14	0.91	0.59	0.64	0.36	0.32	0.18	0.99	0.89	0.98	1.34	1.00	0.85	0.76	0.89	0.63	0.63	0.59
Earnings per share after dilution, SEK	1.56	1.25	1.43	1.38	1.29	1.26	1.14	0.91
Weighted number of shares outstanding after repurchases (’000)	22,316	22,261	22,196	22,196	22,196	22,035	21,978	21,978	21,978	21,978	21,978	21,978	21,978	22,212	22,478	22,978	22,478	23,048	23,640	23,678	23,678	23,678	23,678	23,678
Weighted number of shares outstanding after repurchases and dilution(’000)	22,466	22,349	22,412	22,485	22,448	22,156	22,004	21,978	21,978	21,978	21,978	21,978	21,978	21,978	22,478	22,978	22,478	22,478	23,428	23,678	23,678	23,678	23,678	23,678
Number of shares outstanding after period's repurchases (’000)	22,217	22,417	22,196	22,196	22,196	22,196	21,978	21,978	21,979	21,979	21,979	21,979	21,979	21,979	22,479	22,979	22,479	22,479	23,429	23,679	23,679	23,679	23,679	23,679

MSEK	Apr- Mar	Apr- Dec	Apr- Sep	Apr- Jun	Apr- Mar	Apr- Dec	Apr- Sep	Apr- Jun	Apr- Mar	Apr- Dec	Apr- Sep	Apr- Jun	Apr- Mar	Apr- Dec	Apr- Sep	Apr- Jun	Apr- Mar	Apr- Dec	Apr- Sep	Apr- Jun	Apr- Mar	Apr- Dec	Apr- Sep	Apr- Jun	Apr- Mar
	2011/12				2010/11				2009/10				2008/09				2007/08				2006/07				2005/06
Net revenue	2,265	1,663	1,094	555	2,029	1,478	948	454	1,720	1,285	837	434	2,138	1,610	1,053	532	2,172	1,610	1,048	533	1,974	1,417	887	431
Electronics	606	448	301	149	586	420	271	133	552	417	285	149	727	540	359	183	778	583	377	195	751	544	369	183
Mechatronics	770	571	374	182	740	558	370	171	511	387	238	118	628	488	325	166	604	447	297	152	541	387	235	99
Communications	739	536	348	179	703	500	307	150	657	481	314	167	783	582	369	183	790	580	374	186	682	486	283	149
Niche Products	150	108	71	45
Parent company/Group items										-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of goods sold	-1,609	-1,182	-779	-393	-1,461	-1,061	-683	-326	-1,265	-948	-616	-318	-1,576	-1,178	-767	-385	-1,622	-1,203	-786	-398	-1,490	-1,068	-670	-327
GROSS PROFIT	656	481	315	162	568	417	265	128	455	337	221	116	562	432	286	147	550	407	262	135	484	349	217	104
Selling costs	-323	-237	-151	-80	-280	-206	-132	-68	-257	-190	-127	-67	-302	-226	-148	-77	-301	-222	-143	-77	-275	-192	-121	-60
Administrative expenses	-134	-99	-64	-31	-129	-98	-64	-30	-120	-94	-62	-33	-157	-112	-71	-36	-128	-100	-63	-34	-120	-95	-60	-29
Research and development expenses	-21	-15	-9	-5	-17	-12	-8	-4	-13	-8	-5	-3	-10	-6	-5	-2	-8	-6	-6	-3	-10	-7	-4	-1
Other operating income and operating expenses	6	2	-1	-1	5	1	0	0	2	0	-2	0	12	7	3	1	18	12	7	7	20	11	10	7
OPERATING PROFIT	184	132	90	45	147	102	61	26	67	45	25	13	105	95	65	33	131	91	57	28	99	66	42	21
Electronics	42	29	20	10	30	19	11	6	17	10	5	3	24	17	14	8	38	25	15	7	23	14	12	4
Mechatronics	97	68	46	21	77	57	38	15	30	22	13	5	49	45	32	15	50	35	22	9	35	24	15	5
Communications	43	30	20	9	53	36	20	9	34	23	13	8	52	45	28	12	51	37	22	12	43	29	12	6
Niche Products	26	18	12	8
Parent company/Group items	-24	-13	-8	-3	-13	-10	-8	-4	-14	-10	-6	-3	-20	-12	-9	-2	-8	-6	-2	0	-2	-1	3	6
(of which depreciation)	(-35)	(-25)	(-16)	(-8)	(-29)	(-21)	(-14)	(-7)	(-6)	(-19)	(-12)	(-6)	-25	-18	-12	-6	-23	-17	-11	-6	-21	-16	-10	-5
Net finance items	-13	-9	-6	-3	-10	-4	-1	0	-9	-6	-4	-3	-11	-6	-4	-2	-10	-7	-5	-3	-9	-5	-3	-2
PROFIT AFTER FINANCE ITEMS	171	123	84	42	137	98	60	26	58	39	21	10	94	89	61	31	121	84	52	25	90	61	39	19
Taxes	-45	-32	-21	-11	-35	-25	-15	-6	-16	-10	-6	-3	-26	-25	-19	-9	-30	-23	-14	-7	-25	-17	-10	-5
NET PROFIT FOR THE PERIOD	126	91	63	31	102	73	45	20	42	29	15	7	68	64	42	22	91	61	38	18	65	44	29	14

Earnings per share, SEK	5.66	4.10	2.84	1.40	4.63	3.32	2.05	0.91	1.91	1.32	0.68	0.32	3.05	2.86	1.87	0.98	3.92	2.60	1.61	0.76	2.75	1.86	1.22	0.59
Earnings per share after dilution, SEK	5.63	4.07	2.81	1.38	4.61	3.31	2.05	0.91
Weighted number of shares outstanding after repurchases (’000)	22,242	22,218	22,196	22,196	22,046	21,978	21,978	21,978	21,978	21,978	21,978	21,978	22,287	22,389	22,478	22,978	23,212	23,455	23,659	23,678	23,678	23,678	23,678	23,678
Weighted number of shares outstanding after repurchases and dilution(’000)	22,392	22,367	22,456	22,485	22,133	22,025	21,991	21,978	21,978	21,978	21,978	21,978	21,978	21,978	22,478	22,978	22,478	22,478	23,428	23,678	23,678	23,678	23,678	23,678
Number of shares outstanding after period's repurchases (’000)	22,217	22,417	22,196	22,196	22,196	22,196	21,978	21,978	21,979	21,979	21,979	21,979	21,979	21,979	22,479	22,979	22,479	22,479	23,429	23,679	23,679	23,679	23,679	23,679

MSEK	Until Mar 31	Until Dec 31	Until Sep 30	Until Jun 30	Until Mar 31	Until Dec 31	Until Sep 30	Until Jun 30	Until Mar 31	Until Dec 31	Until Sep 30	Until Jun 30	Until Mar 31	Until Dec 31	Until Sep 30	Until Jun 30	Until Mar 31	Until Dec 31	Until Sep 30	Until Jun 30	Until Mar 31	Until Dec 31	Until Sep 30	Until Jun 30	Until Mar 31	Until Dec 31	Until Sep 30	Until Jun 30
	2011/12				2010/11				2009/10				2008/09				2007/08				2006/07				2005/06	2008	2010/11	2009/10
Net revenue	2,265	2,214	2,175	2,130	2,029	1,913	1,831	1,740	1,720	1,813	1,922	2,040	2,138	2,172	2,177	2,171	2,172	2,167	2,135	2,076	1,974	1,848	1,723	1,652
Electronics	606	614	616	602	586	555	538	536	552	604	653	693	727	735	760		778	790	759	763	751	740	751	741
Mechatronics	770	753	744	751	740	682	643	564	511	527	541	580	628	645	632		604	601	603	594	541	470	396	344
Communications	739	739	744	732	703	676	650	640	657	682	728	767	783	792	785		790	776	773	719	682	638	576	567
Niche Products	150	108	71	45
Parent company/Group items					0	-	-	-		-	-	-	-	-	-		-	-	-	-	-	-	-	-
Cost of goods sold	-1,609	-1,582	-1,557	-1,528	-1,461	-1,378	-1,332	-1,273	-1,265	-1,346	-1,425	-1,509	-1,576	-1,597	-1,603	-1,609	-1,622	-1,625	-1,606	-1,561	-1,490	-1,414	-1,335	-1,293
GROSS PROFIT	656	632	618	602	568	535	499	467	455	467	497	531	562	575	574	562	550	542	529	515	484	434	388	359
Selling costs	-323	-311	-299	-292	-280	-273	-262	-258	-257	-266	-281	-288	-302	-305	-306	-301	-301	-305	-297	-292	-275	-236	-210	-193
Administrative expenses	-134	-130	-129	-130	-129	-124	-122	-117	-120	-139	-148	-158	-157	-140	-136	-130	-128	-125	-123	-125	-120	-124	-120	-117
Research and development expenses	-21	-20	-18	-18	-17	-17	-16	-14	-13	-12	-10	-11	-10	-8	-7	-7	-8	-9	-12	-12	-10	-10	-8	-6
Other operating income and operating expenses	6	6	4	4	5	3	4	2	2	5	7	11	12	13	14	12	18	21	17	20	20	17	20	20
OPERATING PROFIT	184	177	176	166	147	124	103	80	67	55	65	85	105	135	139	136	131	124	114	106	99	81	70	63
Electronics	42	40	39	34	30	26	23	20	17	17	15	19	24	30	37		38	34	26	26	23	27	28	20
Mechatronics	97	88	85	83	77	65	55	40	30	26	30	39	49	60	60		50	46	42	39	35	23	17	13
Communications	43	47	53	53	53	47	41	35	34	30	37	48	52	59	57		51	51	53	49	43	38	28	31
Niche Products	26	18	12	8
Parent company/Group items	-24	-16	-13	-12	-13	-14	-16	-15	-14	-18	-17	-21	-20	-14	-15		-8	-7	-7	-8	-2	-7	-3	-1
(of which depreciation)	(-35)	(-33)	(-31)	(-30)	(-8)	(-27)	(-26)	(-26)	(-6)	-25	-25	-25	-25	-24	-24	-23	-23	-23	-22	-22	-21	-18	-18	-18
Net finance items	-13	-15	-15	-13	-10	-7	-6	-6	-9	-11	-11	-12	-11	-9	-9	-9	-10	-11	-11	-11	-9	-6	-4	-4
PROFIT AFTER FINANCE ITEMS	171	162	161	153	137	117	97	74	58	44	54	73	94	126	130	127	121	113	103	95	90	75	66	59
Taxes	-45	-42	-41	-40	-35	-31	-25	-19	-16	-11	-13	-20	-26	-32	-35	-32	-30	-31	-29	-27	-25	-21	-17	-16
NET PROFIT FOR THE PERIOD	126	120	120	113	102	86	72	55	42	33	41	53	68	94	95	95	91	82	74	68	65	54	49	43

Earnings per share, SEK	5.66	5.40	5.42	5.11	4.63	3.91	3.28	2.50	1.91	1.50	1.86	2.39	3.05	4.20	4.20	4.15	3.92	3.49	3.13	2.91	2.75	2.28	2.07	1.80
Earnings per share after dilution, SEK	5.63	5.36	5.38	5.07
Weighted number of shares outstanding after repurchases (’000)	22,242	22,213	22,156	22,101	22,046	21,985	21,978	21,978	21,978	21,978	22,037	22,163	22,287	22,621	22,621	22,913	23,212	23,510	23,668	23,678	23,678	23,678	23,722	23,823
Weighted number of shares outstanding after repurchases and dilution(’000)	22,392	22,369	22,290	22,281	22,196	22,196	21,978	21,978	21,978	21,978	21,978	21,978	21,978	21,978	22,478	22,978	22,478	22,478	23,428	23,678	23,678	23,678	23,678	23,678
Number of shares outstanding after period's repurchases (’000)	22,217	22,417	22,196	22,196	22,197	22,197	21,979	21,979	21,979	21,979	21,979	21,979	21,979	21,979	22,479	22,979	22,479	22,479	23,429	23,679	23,679	23,679	23,679	23,679