Income Statement Indutrade AB

Equities

INDT

SE0001515552

Industrial Machinery & Equipment

Market Closed - Nasdaq Stockholm Other stock markets 12:00:00 2025-07-07 EDT			5-day change	1st Jan Change
267.60 ^SEK	+0.30%		+1.98%	-3.39%

07-04	DNB Carnegie Raises Indutrade Target Price to SEK 300 (from 290), Reiterates Buy - BN	FW
07-02	SEB Raises Target Price for Indutrade to 290 Kronor (285), Reiterates Buy - BN	FW

207b0582c7fba175fb21d87cff6.OsLgnv2VFOF70m1m9ByFhr_vKeEgrLgqtPcAoJ2Kp-A.cvSC3I7jIK0ptCkrsFj9_MWbQZhWzulew4R18fHc04kDq83EuqVQqQzrBg

Published financial data: INDUTRADE AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	19.22B	21.72B	27.02B	31.84B	32.54B
Total Revenues	19.22B	21.72B	27.02B	31.84B	32.54B
Cost of Goods Sold, Total	12.68B	14.11B	17.65B	20.79B	21.14B
Gross Profit	6.54B	7.61B	9.36B	11.05B	11.4B
Selling General & Admin Expenses, Total	4.14B	4.51B	5.54B	6.58B	7.12B
R&D Expenses	227M	258M	334M	395M	406M
Other Operating Expenses	-2M	-2M	-16M	-1M	-3M
Other Operating Expenses, Total	4.36B	4.77B	5.86B	6.98B	7.52B
Operating Income	2.18B	2.84B	3.51B	4.07B	3.88B
Interest Expense, Total	-106M	-101M	-198M	-501M	-584M
Interest And Investment Income	18M	15M	38M	63M	100M
Net Interest Expenses	-88M	-86M	-160M	-438M	-484M
Currency Exchange Gains (Loss)	-24M	9M	53M	10M	9M
Other Non Operating Income (Expenses)	-22M	-25M	-23M	-30M	-37M
EBT, Excl. Unusual Items	2.04B	2.74B	3.38B	3.61B	3.37B
Merger & Related Restructuring Charges	-11M	-21M	-15M	-15M	-18M
Impairment of Goodwill	-141M	-55M	-72M	-351M	-15M
Gain (Loss) On Sale Of Assets	30M	-2M	10M	-	-5M
Asset Writedown	-	-5M	-	-69M	-12M
Insurance Settlements	12M	8M	3M	19M	9M
Other Unusual Items	208M	62M	138M	495M	197M
EBT, Incl. Unusual Items	2.14B	2.72B	3.44B	3.69B	3.53B
Income Tax Expense	471M	628M	759M	825M	777M
Earnings From Continuing Operations	1.67B	2.1B	2.68B	2.87B	2.75B
Net Income to Company	1.67B	2.1B	2.68B	2.87B	2.75B
Minority Interest	-	-2M	1M	-1M	-1M
Net Income - (IS)	1.67B	2.1B	2.68B	2.86B	2.75B
Net Income to Common Incl Extra Items	1.67B	2.1B	2.68B	2.86B	2.75B
Net Income to Common Excl. Extra Items	1.67B	2.1B	2.68B	2.86B	2.75B
Per Share Items
Net EPS - Basic	4.6	5.76	7.36	7.86	7.55
Basic EPS - Continuing Operations	4.6	5.76	7.36	7.86	7.55
Basic Weighted Average Shares Outstanding	363M	364M	364M	364M	364M
Net EPS - Diluted	4.59	5.75	7.36	7.86	7.54
Diluted EPS - Continuing Operations	4.59	5.75	7.36	7.86	7.54
Diluted Weighted Average Shares Outstanding	363M	364M	364M	364M	364M
Normalized Basic EPS	3.52	4.7	5.8	6.19	5.78
Normalized Diluted EPS	3.51	4.69	5.79	6.19	5.78
Dividend Per Share	1.8	2.3	2.6	2.85	3
Payout Ratio	-	31.26	31.21	33.02	37.69
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	2.8B	3.52B	4.33B	5.11B	4.98B
EBITA	2.54B	3.24B	4.01B	4.7B	4.56B
EBIT	2.18B	2.84B	3.51B	4.07B	3.88B
EBITDAR	2.82B	3.54B	4.36B	5.14B	5.01B
Effective Tax Rate - (Ratio)	22.01	23.05	22.06	22.35	22.03
Total Current Taxes	545M	662M	798M	942M	960M
Total Deferred Taxes	-74M	-36M	-41M	-122M	-185M
Normalized Net Income	1.28B	1.71B	2.11B	2.26B	2.11B
Interest on Long-Term Debt	27M	32M	36M	56M	91M
Non-Cash Pension Expense	4M	3M	3M	5M	6M
Supplemental Operating Expense Items
Marketing Expenses	128M	135M	217M	255M	282M
Selling and Marketing Expenses	3.01B	3.28B	3.98B	4.62B	5B
General and Administrative Expenses	1.12B	1.23B	1.56B	1.96B	2.11B
Research And Development Expense From Footnotes	227M	258M	334M	395M	406M
Net Rental Expense, Total	22M	22M	24M	28M	30M
Imputed Operating Lease Interest Expense	3.19M	3M	4.6M	11.01M	13.09M
Imputed Operating Lease Depreciation	18.81M	19M	19.4M	16.99M	16.91M
Stock-Based Comp., Other (Total)	-	-	32M	43M	53M
Total Stock-Based Compensation	-	-	32M	43M	53M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	758M	1.46B	1.59B	3.01B	3.05B
Total Cash And Short Term Investments	758M	1.46B	1.59B	3.01B	3.05B
Accounts Receivable, Total	3.06B	3.62B	4.68B	4.81B	5.26B
Other Receivables	329M	334M	449M	567M	709M
Total Receivables	3.39B	3.96B	5.13B	5.38B	5.96B
Inventory	3.35B	4.07B	5.68B	5.42B	5.5B
Prepaid Expenses	124M	147M	181M	209M	230M
Other Current Assets, Total	11M	8M	15M	18M	25M
Total Current Assets	7.63B	9.64B	12.6B	14.04B	14.78B
Gross Property Plant And Equipment	6.39B	7.47B	9.3B	10.28B	11.41B
Accumulated Depreciation	-3.29B	-4.09B	-5.25B	-5.88B	-6.71B
Net Property Plant And Equipment	3.11B	3.38B	4.04B	4.4B	4.7B
Long-term Investments	12M	-	-	-	-
Goodwill	4.31B	5.44B	7.65B	8.27B	9.72B
Other Intangibles, Total	2.69B	3.33B	4.41B	4.35B	4.99B
Deferred Tax Assets Long-Term	152M	-	-	-	-
Other Long-Term Assets, Total	64M	204M	160M	208M	243M
Total Assets	17.96B	22B	28.86B	31.28B	34.42B
Liabilities
Accounts Payable, Total	1.14B	1.6B	1.87B	1.77B	2B
Accrued Expenses, Total	885M	986M	1.16B	1.2B	1.2B
Short-term Borrowings	747M	151M	336M	48M	27M
Current Portion of Long-Term Debt	129M	914M	1.5B	1.85B	1.87B
Current Portion of Leases	310M	348M	432M	476M	554M
Current Income Taxes Payable	202M	284M	419M	383M	382M
Unearned Revenue Current, Total	109M	207M	331M	435M	532M
Other Current Liabilities	590M	698M	837M	916M	929M
Total Current Liabilities	4.11B	5.18B	6.89B	7.07B	7.49B
Long-Term Debt	3.29B	4.44B	6.82B	7.08B	7.41B
Long-Term Leases	758M	751M	838M	1B	1.09B
Pension & Other Post Retirement Benefits	400M	350M	243M	299M	312M
Deferred Tax Liability Non Current	749M	953M	1.28B	1.31B	1.43B
Other Non Current Liabilities	21M	23M	21M	24M	34M
Total Liabilities	9.33B	11.7B	16.09B	16.79B	17.77B
Common Stock, Total	727M	728M	729M	729M	729M
Retained Earnings	7.78B	9.24B	11.19B	13.05B	14.76B
Comprehensive Income and Other	121M	325M	844M	693M	1.15B
Total Common Equity	8.62B	10.29B	12.76B	14.48B	16.64B
Minority Interest	10M	11M	14M	14M	11M
Total Equity	8.63B	10.3B	12.77B	14.49B	16.65B
Total Liabilities And Equity	17.96B	22B	28.86B	31.28B	34.42B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	364M	364M	364M	364M	364M
ECS Total Common Shares Outstanding	364M	364M	364M	364M	364M
Book Value / Share	23.72	28.26	35.02	39.73	45.68
Tangible Book Value	1.62B	1.52B	702M	1.85B	1.94B
Tangible Book Value Per Share	4.47	4.18	1.93	5.08	5.32
Total Debt	5.24B	6.6B	9.93B	10.46B	10.95B
Net Debt	4.48B	5.14B	8.34B	7.45B	7.89B
Debt Equivalent of Unfunded Proj. Benefit Obligation	365M	285M	169M	217M	222M
Debt Equivalent Oper. Leases	176M	176M	192M	224M	240M
Minority Interest, Total (Incl. Fin. Div)	10M	11M	14M	14M	11M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	675M	956M	1.36B	1.36B	1.36B
Inventories - Work In Process, Total	317M	333M	459M	431M	485M
Inventories - Finished Goods, Total	2.32B	2.72B	3.79B	3.58B	3.56B
Land - (BS)	1.65B	1.91B	2.27B	2.38B	2.55B
Machinery, Total	3.07B	3.61B	4.54B	4.91B	5.45B
Full Time Employees	7.27K	8.18K	9.13K	9.3K	9.7K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	57M	67M	112M	115M	131M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	1.67B	2.1B	2.68B	2.86B	2.75B
Depreciation & Amortization - CF	600M	639M	734M	906M	980M
Amortization of Goodwill and Intangible Assets - (CF)	367M	399M	502M	633M	678M
Depreciation & Amortization, Total	967M	1.04B	1.24B	1.54B	1.66B
Amortization of Deferred Charges, Total - (CF)	29M	20M	22M	26M	28M
(Gain) Loss From Sale Of Asset	-69M	-8M	66M	443M	29M
Asset Writedown & Restructuring Costs	-	-	-	-	-
Other Operating Activities, Total	-14M	50M	-76M	-581M	-434M
Change In Accounts Receivable	35M	-149M	-611M	190M	-40M
Change In Inventories	66M	-374M	-1.01B	417M	283M
Change In Accounts Payable	-58M	288M	98M	-183M	73M
Change in Other Net Operating Assets	155M	-107M	-33M	-225M	-212M
Cash from Operations	2.78B	2.85B	2.37B	4.49B	4.13B
Capital Expenditure	-390M	-339M	-511M	-519M	-485M
Sale of Property, Plant, and Equipment	28M	17M	49M	18M	64M
Cash Acquisitions	-1.02B	-1.67B	-2.83B	-1.58B	-2.08B
Divestitures	46M	7M	2M	-	14M
Sale (Purchase) of Intangible assets	-37M	-35M	-36M	-41M	-36M
Investment in Marketable and Equity Securities, Total	11M	17M	7M	-10M	18M
Cash from Investing	-1.37B	-2B	-3.32B	-2.13B	-2.5B
Long-Term Debt Issued, Total	2.94B	4.3B	3.95B	2.62B	1.98B
Total Debt Issued	2.94B	4.3B	3.95B	2.62B	1.98B
Long-Term Debt Repaid, Total	-4.34B	-3.9B	-2.13B	-2.6B	-2.57B
Total Debt Repaid	-4.34B	-3.9B	-2.13B	-2.6B	-2.57B
Issuance of Common Stock	87M	48M	11M	-	-
Common Dividends Paid	-	-655M	-837M	-946M	-1.04B
Common & Preferred Stock Dividends Paid	-	-655M	-837M	-946M	-1.04B
Other Financing Activities, Total	-	-	-	-	-6M
Cash from Financing	-1.32B	-200M	991M	-932M	-1.63B
Foreign Exchange Rate Adjustments	-55M	49M	83M	-8M	42M
Net Change in Cash	39M	702M	129M	1.42B	42M
Supplemental Items
Cash Interest Paid	92M	84M	160M	421M	519M
Cash Income Tax Paid (Refund)	508M	638M	764M	1.05B	1.12B
Levered Free Cash Flow	2.05B	1.94B	828M	3.33B	2.93B
Unlevered Free Cash Flow	2.11B	2B	952M	3.65B	3.3B
Change In Net Working Capital	-184M	460M	1.98B	-55M	349M
Net Debt Issued / Repaid	-1.41B	407M	1.82B	14M	-590M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	7.66	8.88	8.62	8.46	7.39
Return on Total Capital	9.89	11.54	11.07	10.68	9.24
Return On Equity %	21.12	22.15	23.24	21.03	17.66
Return on Common Equity	21.15	22.15	23.27	21.04	17.67
Margin Analysis
Gross Profit Margin %	34.01	35.04	34.65	34.7	35.04
SG&A Margin	21.52	20.78	20.5	20.68	21.87
EBITDA Margin %	14.57	16.22	16.04	16.04	15.31
EBITA Margin %	13.23	14.92	14.84	14.77	14.01
EBIT Margin %	11.32	13.08	12.98	12.78	11.93
Income From Continuing Operations Margin %	8.68	9.66	9.92	9	8.45
Net Income Margin %	8.68	9.65	9.93	9	8.45
Net Avail. For Common Margin %	8.68	9.65	9.93	9	8.45
Normalized Net Income Margin	6.64	7.87	7.81	7.09	6.47
Levered Free Cash Flow Margin	10.65	8.91	3.07	10.47	9.01
Unlevered Free Cash Flow Margin	11	9.21	3.52	11.46	10.13
Asset Turnover
Asset Turnover	1.08	1.09	1.06	1.06	0.99
Fixed Assets Turnover	6.29	6.69	7.27	7.54	7.16
Receivables Turnover (Average Receivables)	6.2	6.5	6.5	6.7	6.46
Inventory Turnover (Average Inventory)	3.73	3.8	3.62	3.74	3.87
Short Term Liquidity
Current Ratio	1.86	1.86	1.83	1.99	1.97
Quick Ratio	1.01	1.04	0.98	1.19	1.2
Operating Cash Flow to Current Liabilities	0.68	0.55	0.34	0.64	0.55
Days Sales Outstanding (Average Receivables)	58.99	56.17	56.12	54.44	56.62
Days Outstanding Inventory (Average Inventory)	98.19	95.93	100.8	97.51	94.62
Average Days Payable Outstanding	34.54	33.64	32.84	32.32	32.45
Cash Conversion Cycle (Average Days)	122.64	118.47	124.08	119.64	118.79
Long Term Solvency
Total Debt/Equity	60.64	64.05	77.71	72.19	65.74
Total Debt / Total Capital	37.75	39.04	43.73	41.93	39.67
LT Debt/Equity	46.91	50.33	59.97	55.8	51.04
Long-Term Debt / Total Capital	29.2	30.68	33.75	32.41	30.79
Total Liabilities / Total Assets	51.93	53.17	55.74	53.67	51.62
EBIT / Interest Expense	20.53	28.12	17.71	8.12	6.65
EBITDA / Interest Expense	29.65	38.4	23.95	11.2	9.49
(EBITDA - Capex) / Interest Expense	25.97	35.04	21.37	10.16	8.66
Total Debt / EBITDA	1.67	1.7	2.09	1.86	1.98
Net Debt / EBITDA	1.42	1.33	1.76	1.33	1.42
Total Debt / (EBITDA - Capex)	1.9	1.86	2.35	2.06	2.17
Net Debt / (EBITDA - Capex)	1.63	1.45	1.97	1.46	1.56
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.38	13	24.41	17.84	2.23
Gross Profit, 1 Yr. Growth %	3.99	16.42	23.04	17.99	3.24
EBITDA, 1 Yr. Growth %	10.8	25.82	23.02	17.84	-2.47
EBITA, 1 Yr. Growth %	10.85	27.37	23.74	17.34	-3.04
EBIT, 1 Yr. Growth %	10.4	30.51	23.45	16.09	-4.62
Earnings From Cont. Operations, 1 Yr. Growth %	12.54	25.64	27.85	6.9	-4.05
Net Income, 1 Yr. Growth %	12.62	25.52	28.02	6.82	-4.05
Normalized Net Income, 1 Yr. Growth %	10.18	33.93	23.5	6.89	-6.26
Diluted EPS Before Extra, 1 Yr. Growth %	12.29	25.27	28	6.79	-4.07
Accounts Receivable, 1 Yr. Growth %	-2.39	18.43	29.22	2.8	9.18
Inventory, 1 Yr. Growth %	-3.18	21.54	39.7	-4.54	1.47
Net Property, Plant and Equip., 1 Yr. Growth %	3.46	8.98	19.5	8.73	6.75
Total Assets, 1 Yr. Growth %	2.38	22.48	31.19	8.36	10.06
Tangible Book Value, 1 Yr. Growth %	257.93	-6.34	-53.88	163.53	4.76
Common Equity, 1 Yr. Growth %	20.5	19.34	23.97	13.45	14.97
Cash From Operations, 1 Yr. Growth %	44.64	2.63	-16.86	89.33	-7.95
Capital Expenditures, 1 Yr. Growth %	1.04	-13.08	50.74	1.57	-6.55
Levered Free Cash Flow, 1 Yr. Growth %	101.2	-5.42	-57.49	314.56	-11.18
Unlevered Free Cash Flow, 1 Yr. Growth %	94.23	-5.4	-52.67	293.01	-8.77
Dividend Per Share, 1 Yr. Growth %	-	27.78	13.04	9.62	5.26
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	6.8	8.6	18.57	21.08	9.76
Gross Profit, 2 Yr. CAGR %	6.63	10.03	19.68	20.49	10.37
EBITDA, 2 Yr. CAGR %	10.31	18.07	24.41	20.4	7.22
EBITA, 2 Yr. CAGR %	10.78	18.83	25.54	20.5	6.68
EBIT, 2 Yr. CAGR %	9.98	20.04	26.93	19.71	5.24
Earnings From Cont. Operations, 2 Yr. CAGR %	10.45	18.91	26.74	16.91	1.28
Net Income, 2 Yr. CAGR %	10.5	18.9	26.77	16.94	1.24
Normalized Net Income, 2 Yr. CAGR %	9.01	21.47	28.61	14.9	-0.12
Diluted EPS Before Extra, 2 Yr. CAGR %	10.34	18.6	26.63	16.92	1.22
Accounts Receivable, 2 Yr. CAGR %	1.4	7.52	23.71	15.25	5.94
Inventory, 2 Yr. CAGR %	7.71	8.48	30.3	15.48	-1.58
Net Property, Plant and Equip., 2 Yr. CAGR %	33.76	6.19	14.12	13.99	7.74
Total Assets, 2 Yr. CAGR %	12.99	11.98	26.76	19.23	9.21
Tangible Book Value, 2 Yr. CAGR %	36.98	83.1	-34.27	10.25	66.15
Common Equity, 2 Yr. CAGR %	17.89	19.92	21.63	18.59	14.21
Cash From Operations, 2 Yr. CAGR %	42.97	21.84	-7.63	25.46	32.02
Capital Expenditures, 2 Yr. CAGR %	15.57	-6.29	14.47	23.73	-2.58
Levered Free Cash Flow, 2 Yr. CAGR %	75.62	37.95	-36.38	30.79	90.91
Unlevered Free Cash Flow, 2 Yr. CAGR %	72.83	35.56	-32.87	34.63	88.47
Dividend Per Share, 2 Yr. CAGR %	9.54	-	20.18	11.32	7.42
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.98	8.83	13.64	18.32	14.44
Gross Profit, 3 Yr. CAGR %	9.59	9.79	14.21	19.11	14.44
EBITDA, 3 Yr. CAGR %	14.34	15.26	19.7	22.18	12.24
EBITA, 3 Yr. CAGR %	15.12	16.06	20.44	22.75	12.09
EBIT, 3 Yr. CAGR %	15.07	16.44	21.16	23.21	10.99
Earnings From Cont. Operations, 3 Yr. CAGR %	17.46	15.3	21.82	19.75	9.46
Net Income, 3 Yr. CAGR %	17.49	15.29	21.86	19.74	9.48
Normalized Net Income, 3 Yr. CAGR %	14.47	16.75	22.15	20.92	7.2
Diluted EPS Before Extra, 3 Yr. CAGR %	17.31	15.11	21.66	19.64	9.45
Accounts Receivable, 3 Yr. CAGR %	6.22	6.79	14.31	16.3	13.19
Inventory, 3 Yr. CAGR %	9.59	12.14	18.02	17.47	10.61
Net Property, Plant and Equip., 3 Yr. CAGR %	24.28	24.93	10.45	12.29	11.52
Total Assets, 3 Yr. CAGR %	12.65	16.07	18.05	20.31	16.09
Tangible Book Value, 3 Yr. CAGR %	99.71	20.68	15.64	4.42	8.39
Common Equity, 3 Yr. CAGR %	18.74	18.37	21.25	18.84	17.37
Cash From Operations, 3 Yr. CAGR %	21.39	28.01	7.26	17.34	13.16
Capital Expenditures, 3 Yr. CAGR %	21.77	5.1	9.8	9.99	12.68
Levered Free Cash Flow, 3 Yr. CAGR %	30.1	42.88	-6.61	17.66	14.57
Unlevered Free Cash Flow, 3 Yr. CAGR %	29.74	41.38	-4.34	19.95	17.88
Dividend Per Share, 3 Yr. CAGR %	12.92	15.31	-	16.55	9.26
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	10.09	10.88	12.72	13.57	12.07
Gross Profit, 5 Yr. CAGR %	10.13	11.84	13.52	13.95	12.66
EBITDA, 5 Yr. CAGR %	12.27	16.68	18.27	17.29	14.54
EBITA, 5 Yr. CAGR %	12.46	17.42	19.18	17.81	14.73
EBIT, 5 Yr. CAGR %	12.32	18.16	19.68	17.74	14.52
Earnings From Cont. Operations, 5 Yr. CAGR %	13.3	17.51	21.09	15.94	13.15
Net Income, 5 Yr. CAGR %	13.32	17.48	21.12	15.95	13.15
Normalized Net Income, 5 Yr. CAGR %	12.5	18.51	19.93	16.01	12.7
Diluted EPS Before Extra, 5 Yr. CAGR %	13.1	17.26	20.95	15.83	13.03
Accounts Receivable, 5 Yr. CAGR %	8.93	9.6	12.9	10.1	10.89
Inventory, 5 Yr. CAGR %	11.63	12.58	17.45	13.46	9.75
Net Property, Plant and Equip., 5 Yr. CAGR %	22.7	18.46	20.11	20.43	9.36
Total Assets, 5 Yr. CAGR %	13.92	14.76	18.09	17.32	14.43
Tangible Book Value, 5 Yr. CAGR %	67.03	65.66	28.04	16.39	33.68
Common Equity, 5 Yr. CAGR %	18.42	18.58	19.89	18.46	18.38
Cash From Operations, 5 Yr. CAGR %	20.91	18.77	8.83	26.99	16.55
Capital Expenditures, 5 Yr. CAGR %	14.4	2.07	18.79	12.19	4.67
Levered Free Cash Flow, 5 Yr. CAGR %	32.74	37.94	-2.27	38.1	23.57
Unlevered Free Cash Flow, 5 Yr. CAGR %	31.05	35.81	-0.32	38.82	24.82
Dividend Per Share, 5 Yr. CAGR %	12.47	16.61	15.77	13.7	-