MULTI-YEAR OVERVIEW GROUP FINANCIAL SUMMARY – MULTI-YEAR REVIEW FULL YEAR Amounts in SEK million unless otherwise stated 2007 2006 2005 2004 2003 1) Net sales 9,308 8,556 7,880 7,686 7,687 Operating earnings 414 598 239 448 448 Earnings after financial items 343 558 210 419 428 Operating margin, % 4.4 7.0 3.0 5.8 5.8 Profit margin, % 3.7 6.5 2.7 5.5 5.6 Interest cover, times 5.5 12.6 7.9 16.7 13.9 Investments, gross 232 164 250 294 270 Cash flow from operating activities after tax 406 184 214 467 656 Degree of self-financing, % 175 112 86 159 243 Fixed assets 2,249 2,439 2,331 2,201 2,151 Current assets 4,217 3,668 3,211 2,925 2,833 Total assets 6,466 6,107 5,542 5,126 4,984 Equity 2,961 2,986 2,935 2,880 2,886 Interest bearing provisions and liabilities 1,426 1,223 731 489 353 Non-interest bearing provisions and liabilities 2,079 1,898 1,876 1,757 1,745 Average capital employed 4,354 3,986 3,537 3,345 3,665 Net interest bearing debt 1,134 1,023 554 268 179 Turnover of capital employed, times 2.14 2.15 2.23 2.30 2.10 Return on capital employed, % 9.6 15.2 6.8 13.3 12.6 Return on equity, % 5.7 13.8 5.1 11.5 9.5 Equity ratio, % 45.8 48.9 53.0 56.2 57.9 Debt/equity ratio, times 0.5 0.4 0.2 0.2 0.1 Net debt/equity ratio, times 0.4 0.3 0.2 0.1 0.1 Average number of employees 6,044 5,931 5,845 5,947 6,203 Per share data Earnings after tax, SEK 5.67 13.38 4.91 10.86 10.28 Earnings after tax excluding items affecting comparability, SEK 14.83 13.38 9.60 11.17 10.28 Dividend for the financial year, SEK 9.00 2) 9.00 8.00 8.00 8.00 Equity, SEK 98.70 99.53 97.83 96.00 96.21 Cash flow from operating activities after tax, SEK 13.53 6.13 7.13 15.57 21.87 Number of shares, thousands 30,000 30,000 30,000 30,000 30,000 1) Since 2005, Cardo has applied International Financial Reporting Standards (IFRS) and the figures for 2004 have been recalculated in accordance with IFRS. The figures for 2003 have not been recalculated in accordance with IFRS. For a description of the differences between the accounting principles applied 2003 and IFRS, please refer to the 2005 annual report. 2) Board of Directors’ proposal. CARDO ANNUAL REPORT 2007 77
