Investors

	No. of A-shares	No. of B-shares	Share votes, %
Current and former boardmembers and senior executives	164 373 736	244 963 777	45.91
Schörling/MEXAB Industri AB	68 756 624	63 313 990	18.68
State Street Bank and Trust Co		160 363 449	3.90
Alecta Pensionsförsäkring		115 672 000	2.81
JP Morgan Chase Bank N A		109 224 046	2.65
BNY Mellon NA		42 691 322	1.04
Northern Trust Company		35 372 407	0.86
CBNY Norges Bank		29 398 293	0.71
Clearstream Banking S A		28 114 421	0.68
AMF Tjänstepension AB		27 500 000	0.67
SIX SIS AG		26 362 253	0.64
Brown Brothers Harriman & CoA		22 753 994	0.55
Första AP-fonden		22 037 468	0.54
Other holdings (125 981)		837 900 608	20.37
Total	233 130 360	1 782 936 128	100.00

Source: Euroclear Sweden share register December, 31 2022

Shareholder structure

Prop. of shares	Number of owners	Number of owners (%)	Number of shares A	Number of shares B	Number of shares (%)
1-500	93,764	74.43		10 928 590	0.27
501-1,000	10,827	8.59		8 229 042	0.20
1,001-2,000	7,364	5.85		11 136 139	0.27
2,001-5,000	6,333	5.03		20 980 101	0.51
5,001-10,000	2,985	2.37		21 814 083	0.53
10,001-20,000	1,937	1.54		28 610 888	0.70
20,001-50,000	1,439	1.14		44 478 997	1.08
50,001-100,000	641	0.51		43 915 981	1.07
100,001-500,000	437	0.35		88 241 487	2.14
500,001-1,000,000	70	0.06		50 462 819	1.23
1,000,001-5,000,000	115	0.09	5 197 976	233 515 104	6.94
5,000,001-10,000,000	33	0.03	30 929 760	200 448 793	12.39
10,000,001-	36	0.03	197 002 624	1 020 174 104	72.68
Total	125,981	100	233 130 360	1 782 936 128	100.00

Source: Euroclear Sweden share register December, 31 2022

		2021	2020	2019	2018	2017
Net sales	SEK million	30,832	27,146	25,342	22,516	19,009
Growth	%	+13.6	+7.1	+12.5	+18.5	+23.9
Operating profit	SEK million	4,438	3,880	3,038	2,829	2,344
Profit after net financial items	SEK million	4,318	3,658	2,836	2,667	2,182
EBITDA margin	%	18.6	18.8	16.1	15.6	15.7
Operating margin	%	14.4	14.3	12.0	12.6	12.3
Profit margin	%	13,9	13.5	11.2	11.8	11.5
Net investments in non-current assets	SEK million	1,790	3,692	2,059	2,479	2,026
Operating cash flow	SEK million	2,020	3,914	1,904	1,111	1,587
Available cash and equivalents	SEK million	5,208	5,240	4,703	3,562	3,803
Working capital, excluding cash and bank balances, in relation to net sales	%	17.4	12.9	18.1	19.6	16.3
Equity	SEK million	21,657	17,737	17,604	15,421	12,807
Return on equity	%	17.3	16.1	13.5	14.8	13.7
Equity/assets ratio	%	49.9	46.3	47.0	47.7	45.8
Proportion of risk-bearing capital	%	53.1	49.7	50.6	51.1	49.2
Capital employed	SEK million	31,977	28,396	28,258	24,660	21,783
Return on total employed	%	15.2	14.6	12.3	13.0	11.5
Return on total capital	%	11.2	10.9	9.4	10.0	9.0
Capital turnover ratio	times	0.75	0.72	0.73	9.0	0.70
Interest-bearing liabilities/Equity	%	47.7	60.1	60.8	60.0	70.1
Net debt/EBITDA	times	1.0	1.1	1.6	1.7	1.9
Interest coverage ratio	times	16.6	7.9	7.6	8.8	9.6
Average number of employees	no.	20,433	18,740	16,994	16,569	14,271

Growth
Percentage change in net sales compared with previous year.

EBITDA margin
Operating profit before depreciation as a percentage of net sales.

Operating margin
Operating profit as a percentage of net sales.

Profit margin
Profit after net financial items as a percentage of net sales.

Operating cash flow
Cash flow after investments but before acquisition of companies/operations.

Equity
Taxed equity plus untaxed reserves less tax.

Return on equity
Profit after net financial items less tax at 22.0% standard rate as a percentage of average equity.

Equity/assets ratio
Equity as a percentage of total assets.

Proportion of risk-bearing capital
Equity, including non-controlling interest and deferred tax liability, as a percentage of total assets.

Capital employed
Total assets less non-interest-bearing liabilities and deferred tax.

Return on capital employed
Profit after net financial items plus financial expenses as a percentage of average capital employed.

Return on total capital
Profit after net financial items plus financial expenses as a percentage of average total assets.

Capital turnover ratio
Net sales divided by average total assets.

Interest-bearing liabilities/ Equity
Interest-bearing liabilities as a percentage of equity.

Net debt/EBITDA
Interest-bearing net debt (financial liabilities less financial assets) divided by profit before depreciation/amortisation.

Interest coverage ratio
Profit after net financial items plus financial expenses divided by financial expenses.

Karl Bokvist	ABG Sundal Collier
Philip Buller	Berenberg
Gustav Österberg	Carnegie
Viktor Trollsten	Danske Bank Equity Research
Douglas Lindahl	DNB Bank Markets
Anna Lindholm Widström	Handelsbanken Capital Markets
Johan Sjöberg	Kepler Cheuvreux
Pam Liu	Morgan Stanley
Carl Ragnestam	Nordea Markets
Anders Roslund	Pareto
Fredrik Agardh	SEB Equity Research