Group summary


	3 months		Rolling 12 months
SEKm	31 Mar 2026	31 Mar 2025	31 Mar 2026	31 Mar 2025
Net sales	5,858	5,750	22,703	21,796
Cost of sales	-3,836	-3,892	-15,143	-14,804
Gross profit	2,022	1,858	7,560	6,992
Selling expenses	-905	-834	-3,385	-3,196
Administrative expenses	-318	-295	-1,184	-1,090
Other operating income and expenses	63	14	94	51
Operating profit	862	743	3,085	2,757
- as % of net sales	14.7	12.9	13.6	12.6
Financial income and expenses	-56	-39	-207	-242
Profit after financial items	806	704	2,878	2,515
- as % of net sales	13.8	12.2	12.7	11.5
Income tax expense	-191	-161	-672	-575
Profit for the period	615	543	2,206	1,940

Profit for the period attributable to:
Equity holders of the Parent Company	603	530	2,147	1,892
Non-controlling interests	12	13	59	48

Earnings per share after tax before dilution, SEK	2.25	1.95	7.95	7.00
Earnings per share after tax after dilution, SEK	2.25	1.95	7.95	7.00

Average number of shares after repurchases, ’000s	269,958	269,861	269,907	269,829
Number of shares at end of the period, ’000s	269,960	269,862	269,960	269,862


	3 months		Rolling 12 months
SEKm	31 Mar 2026	31 Mar 2025	31 Mar 2026	31 Mar 2025
Profit for the period	615	543	2,206	1,940
Items that may later be reversed in the income statement
The period’s translation differences when translating foreign operations	226	-484	79	-476
Items that may not be reversed in the income statement
Revaluations of defined-benefit pension plans	20	-4	20	-19
Other comprehensive income	246	-488	99	-495
Comprehensive income for the period	861	55	2,305	1,445

Total comprehensive income attributable to:
Equity holders of the Parent Company	843	58	2,246	1,414
Non-controlling interests	18	-3	59	31


SEKm	31 Mar 2026	31 Mar 2025
Assets
Non-current assets
Goodwill	6,608	5,527
Other intangible non-current assets	3,758	3,182
Property, plant and equipment	1,685	1,447
Other non-current assets	79	79
Total non-current assets	12,130	10,235
Current assets
Inventories	3,468	3,260
Current receivables	4,222	3,850
Cash and cash equivalents	1,490	1,168
Total current assets	9,180	8,278
Total assets	21,310	18,513
Equity and liabilities
Equity
Equity attributable to Parent Company shareholders	7,807	6,627
Non-controlling interests	556	436
Total equity	8,363	7,063
Liabilities
Non-current liabilities
Non-current interest-bearing liabilities	5,487	4,902
Provisions for pensions	241	262
Deferred tax liabilities	1,067	924
Non-current non-interest-bearing liabilities	9	37
Total non-current liabilities	6,804	6,125
Current liabilities
Current interest-bearing liabilities	1,661	1,284
Current non-interest-bearing liabilities	4,262	3,871
Provisions	220	170
Total current liabilities	6,143	5,325
Total liabilities	12,947	11,450
Total equity and liabilities	21,310	18,513

SEKm	1 Apr 2025 - 31 Mar 2026			1 Apr 2024 - 31 Mar 2025
	Parent Company shareholders	Non- control- ling interests	Total equity	Parent Company shareholders	Non- control- ling interests	Total equity
Opening balance	6,627	436	7,063	5,974	504	6,478
Exercised, issued and repurchased options	-29	-	-29	-34	-	-34
Dividend, ordinary	-864	-38	-902	-755	-33	-788
Change, non-controlling interests	38	99	137	229	-66	163
Option debt, acquisition	-211	-	-211	-201	-	-201
Total comprehensive income	2,246	59	2,305	1,414	31	1,445
Closing balance	7,807	556	8,363	6,627	436	7,063


	3 months		Rolling 12 months
SEKm	31 Mar 2026	31 Mar 2025	31 Mar 2026	31 Mar 2025
Operating activities
Profit after financial items	806	704	2,878	2,515
Adjustment for items not included in cash flow	274	246	985	960
Income tax paid	-198	-236	-755	-702
Cash flow from operating activities before changes in working capital	882	714	3,108	2,773
Changes in working capital	-20	147	-112	-64
Cash flow from operating activities	862	861	2,996	2,709
Investing activities
Net investments in non-current assets	-51	-47	-175	-196
Acquisitions and disposals	-1,089	-386	-1,581	-1,602
Cash flow from investing activities	-1,140	-433	-1,756	-1,798
Financing activities
Dividend paid to Parent Company shareholders	-	-	-864	-755
Repurchase of own shares/change of options	-12	-11	-29	-34
Other financing activities	523	-254	-45	315
Cash flow from financing activities	511	-265	-938	-474
Cash flow for the period	233	163	302	437
Cash and cash equivalents at beginning of period	1,217	1,075	1,168	798
Exchange differences in cash and cash equivalents	40	-70	20	-67
Cash and cash equivalents at end of period	1,490	1,168	1,490	1,168


	31 Mar 2026			31 Mar 2025
SEKm	Carrying amount	Level 2	Level 3	Carrying amount	Level 2	Level 3
Derivatives - fair value through profit	5	5	-	10	10	-
Total financial assets at fair value per level	5	5	-	10	10	-

Derivatives - fair value through profit	7	7	-	14	14	-
Contingent considerations - fair value through profit	620	-	620	451	-	451
Total financial liabilities at fair value per level	627	7	620	465	14	451

The fair value and carrying amount are recognised in the balance sheet as shown in the table above. For quoted securities, the fair value is determined on the basis of the asset’s quoted price in an active market, level 1. As of the reporting date the Group had no items in this category. For currency contracts and embedded derivatives, the fair value is determined on the basis of observable market data, level 2. For contingent considerations, a cash-flow-based valuation is performed, which is not based on observable market data, level 3. For the Group’s other financial assets and liabilities, fair value is estimated to be the same as the carrying amount.

Contingent considerations	31 Mar 2026		31 Mar 2025
Opening balance	451			360
Acquisitions during the year	393			231
Adjustments through profit or loss	-79			-11
Consideration paid	-162			-129
Interest expenses	13			19
Exchange differences	4			-19
Closing balance	620			451


	12 months ending
	31 Mar 2026	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net sales, SEKm	22,703	21,796	20,019	18,714
EBITDA, SEKm	4,100	3,692	3,245	2,872
EBITA, SEKm	3,641	3,265	2,860	2,540
EBITA-margin, %	16.0	15.0	14.3	13.6
Operating profit, SEKm	3,085	2,757	2,426	2,167
Operating margin, %	13.6	12.6	12.1	11.6
Profit after financial items, SEKm	2,878	2,515	2,183	2,005
Profit for the period, SEKm	2,206	1,940	1,691	1,554
x
Working capital	4,507	4,312	4,219	3,855
Return on working capital (P/WC), %	81	76	68	66
Return on equity, %	29	29	28	32
Return on capital employed, %	22	22	22	22
Equity ratio, %	39	38	39	36
x
Financial debt, SEKm	5,899	5,280	4,668	4,325
Debt / equity ratio, multiple	0.7	0.7	0.7	0.8
Financial debt / EBITDA, multiple	1.4	1.4	1.4	1.5
Net debt excl. pensions, SEKm	5,658	5,018	4,427	4,107
Net debt, excl. pensions / equity ratio, multiple	0.7	0.7	0.7	0.7
Interest coverage ratio, multiple	14.0	9.6	8.7	13.7
x
Average number of employees	4,631	4,341	4,109	3,781
Number of employees at end of the period	4,861	4,470	4,175	3,911


	12 months ending
SEK	31 Mar 2026	31 Mar 2025	31 Mar 2024	31 Mar 2023
Earnings per share before dilution	7.95	7.00	6.05	5.55
Earnings per share after dilution	7.95	7.00	6.05	5.55
Cash flow from operating activities per share	11.10	10.05	9.55	7.10
Shareholders’ equity per share	28.90	24.55	22.15	19.25
Share price at the end of the period	317.60	292.80	243.80	192.30
Average number of shares after repurchases, ’000s	269,907	269,829	269,634	269,557
Average number of shares after repurchases adjusted for dilution, ’000s	270,195	270,332	269,761	269,723
Number of shares outstanding at end of the period, ’000s	269,960	269,862	269,779	269,565

For definitions of key financial indicators, see page 21-23