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Five-year review

CONDENSED INCOME STATEMENTS1
Amount, SEK million 2009 2008 2007 2006 2005
Net sales 1,216.3 1,285.9 1,314.7 1,219.6 1,088.3
Cost of services sold -949.4 -986.3 -1,000.1 -906.5 -802.9
Gross profit 266.9 299.6 314.6 313.1 285.4
Selling and marketing costs -52.0 -52.1 -53.8 -44.6 -41.9
Administrative expenses -201.1 -194.8 -180.4 -164.2 -146.4
Research and development costs -46.1 -44.8 -41.8 -39.8 -35.5
Participation in associated company's profit before tax 13.1 8.5 - - -
Other, net -10.8 -3.7 23.5 6.8 17.2
Operating profit -30.0 12.7 62.1 71.3 78.8
Net financial items -19.7 -12.0 -16.1 -14.2 -2.6
Profit after financial items -49.7 0.7 46.0 57.1 76.2
Tax on profit for the year 14.5 0.4 1.2 -22.3 -28.7
Profit from discontinued operations - - - - 13.6

1 The Strategic Business Areas Irradiation Services and Nuclear Medicine were discontinued in 2005. Comparative figures for 2005 have been adjusted accordingly. These operations are reported as "Profit/loss from discontinued operations".

 

CONDENSED BALANCE SHEETS
Amount, SEK million 2009 2008 2007 2006 2005
Assets
Goodwill 342.3 363.0 311.7 304.7 127.4
Other non-current assets 720.8 661.5 530.9 523.6 476.1
Trade receivables 228.3 201.7 206.0 189.2 167.3
Other non interest-bearing current assets 87.2 136.9 120.5 89.1 92.3
Cash and cash equivalents and current investments 74.7 147.7 176.9 247.6 323.4
Total assets 1,453.3 1,510.8 1,346.0 1,357.4 1,183.3
Equity and liabilities
Equity 540.9 610.5 568.4 558.7 566.6
Minority interests 0.3 0.3 3.4 - -
Non-current interest-bearing liabilities 284.5 350.5 196.4 307.4 192.8
Non-current non interest-bearing liabilities 181.3 137.0 110.2 109.7 172.2
Current interest-bearing liabilities 85.4 37.7 122.3 39.8 0.1
Current non interest-bearing liabilities 360.9 374.8 345.3 341.8 251.6
Total equity and liabilities 1,453.3 1,510.8 1,346.0 1,357.4 1,183.3

 

CONDENSED CASH FLOW STATEMENTS
Amount, SEK million 2009 2008 2007 2006 2005
Operating profit -30.0 12.7 62.1 71.3 92.4
Reversal of depreciation/amortization 75.2 67.2 60.1 53.8 47.1
Other non-cash items 18.0 -6.2 -22.6 -3.1 -6.5
Cash flow from operating activities 63.2 73.7 99.6 122.0 133.0
Net financial items -21.4 -13.0 -16.1 -14.1 -4.8
Taxes -3.1 1.2 -6.8 -2.4 -28.2
Cash flow before change in working capital 38.7 61.9 76.7 105.5 100.0
Change in working capital -17.3 -32.4 -37.7 -1.4 -82.0
Cash flow before investments 21.4 29.5 39.0 104.1 18.0
Investments -83.1 -103.3 -122.4 -344.7 -45.0
Cash flow after investments -61.7 -73.8 -83.4 -240.6 -27.0

 

DATA PER SHARE 2009 2008 2007 2006 2005
After new share issue and shareholder's contribution
Number of shares at close of period 8,218,611 8,218,611 8,218,611 8,218,611 8,218,611
Average number of shares 8,218,611 8,218,611 8,218,611 8,218,611 8,167,611
Earnings per share before dilution, SEK -4.28 -0.05 5.65 4.24 7.48
- of which from continuing operations -4.28 -0.05 5.65 4.24 5.81
Earnings per share after dilution, SEK -4.28 -0.05 5.65 4.24 7.48
- of which from continuing operations -4.28 -0.05 5.65 4.24 5.81
Equity per share, SEK 65.82 74.32 69.58 67.97 68.90

 

KEY FINANCIAL FIGURES AND RATIOS 2009 2008 2007 2006 2005
Margins
Operating margin, % neg 1.0 4.7 5.8 7.2
Profit margin, % neg 0.1 3.5 4.7 7.0
Return on investment
Return on operating capital, % neg 1.6 9.0 13.0 20.9
Return on capital employed, % neg 2.1 7.9 11.3 12.5
Return on equity, % neg 0.2 8.2 6.2 12.1
Capital structure
Operating capital, SEK million 836.5 851.3 713.6 658.3 436.2
Capital employed, SEK million 911.2 999.0 890.5 905.5 759.5
Equity, SEK million 541.2 610.8 571.8 558.7 566.6
Net interest-bearing debt, SEK million 295.3 240.5 141.8 99.6 -130.4
Net debt/equity ratio 0.5 0.4 0.2 0.2 -0.2
Interest coverage ratio neg 1.0 2.9 2.5 7.9
Equity-assets ratio, % 37.2 40.4 42.5 41.2 47.9
Cash flow
Self-financing ratio 0.3 0.2 0.3 0.3 0.4
Investments, SEK million 81.6 108.4 127.3 344.7 45.0
Employees
Average number of employees 1,132 1,130 1,141 1,279 1,278
Net sales per employee, SEK million 1.1 1.1 1.2 1.0 0.9

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