FINANCIAL INFORMATION
Definitions
This report contains financial key ratios in accordance with the frameworks applied by AddLife, which are based on IFRS. In addition, there are other key ratios (alternative performance measures) that cannot be directly obtained from or derived from the financial statements. These key figures are central to understand and evaluate AddLifes business and financial position. They should not be viewed as a replacement for the measures defined under IFRS, but rather as a complement to the financial reporting. Since not all companies calculate financial measures in the same way, these are not always comparable with measures used by other companies. The key figures are presented in the Multi-year overview and commented on in the administration report. The key figures that are the financial targets are commented in the section "Financial targets".
Return on equity
Profit/loss after tax attributable to shareholders, as a percentage of shareholders' proportion of average equity.
Return on equity measures from an ownership perspective the return that is given on the owners' invested capital.
| 2025 | 2024 | |
| Profit for the year attributable to the shareholders | 560 | 252 |
| Average equity | 5,288 | 5,146 |
| Return on equity, % | 11 | 5 |
Return on working capital (P/WC)
EBITA in relation to average working capital.
P/WC is used to analyse profitability and encourage high EBITA earnings and low working capital requirements.
| 2025 | 2024 | |
| EBITA | 1,417 | 1,159 |
| Working capital, average | 2,286 | 2,284 |
| Return on working capital, % | 62 | 51 |
Return on capital employed
Profit after net financial items plus interest expenses plus/minus exchange rate fluctuations in percent of average capital employed.
Return on capital employed is an indication of the Group’s efficiency in its use of capital resources.
| 2025 | 2024 | |
| Profit/loss before taxes | 772 | 405 |
| Interest expenses | 202 | 300 |
| Net exchange rate fluctuations | 10 | 0 |
| Profit after net financial items plus interest expenses and net foreign exchange differences | 984 | 705 |
| Capital employed, average | 10,317 | 10,645 |
| Return on capital employed, % | 10 | 7 |
EBITA / EBITA margin
Operating profit before amortization of intangible assets.
EBITA is used to analyse profitability generated by operational activities.
EBITA as a percentage of net sales.
The EBITA margin is used to analyze value creation from the operating activities.
| 2025 | 2024 | |
| Operating profit | 993 | 721 |
| Amortization and impairment of intangible assets | 424 | 438 |
| EBITA | 1,417 | 1,159 |
| Net sales | 10,442 | 10,286 |
| EBITA margin, % | 13.6 | 11.3 |
Adjusted EBITA / Adjusted EBITA margin
EBITA excluding one-off costs.
Increases the comparability of EBITA over time as it is adjusted for the impact of items considered to be non-recurring in nature and therefore do not reflect the underlying operations.
Adjusted EBITA in relation to net sales.
Used to measure the company's profitability excluding the impact of items considered to be non-recurring in nature and therefore do not reflect the underlying operations.
| 2025 | 2024 | |
| EBITA | 1,417 | 1,159 |
| One-off costs | ||
| Restructuring reserve Camanio | – | 10 |
| Revalued contingent consideration | – | -4 |
| Divestment of operations | -158 | – |
| Adjusted EBITA | 1,259 | 1,165 |
| Net sales | 10,442 | 10,286 |
| Adjusted EBITA margin, % | 12.1 | 11.3 |
EBITDA
Operating profit before depreciation, amortization and write-down.
EBITDA is used to analyse profitability generated by operational activities.
| 2025 | 2024 | |
| EBITA | 1,417 | 1,159 |
| Depreciation and impairment of tangible assets | 385 | 374 |
| EBITDA | 1,802 | 1,533 |
One-off costs
Primarily refers to restructuring costs and revaluation of contingent considerations. Other non-recurring items may also be reported as one-off costs if this provides a more accurate view of the underlying operating result.
| 2025 | 2024 | |
| Restructuring reserve Camanio | – | -10 |
| Revalued contingent consideration | – | 4 |
| Divestment of operations | 158 | – |
| One-off costs | 158 | -6 |
Organic growth
Changes in net sales excluding currency effects and acquisitions/divestments compared to the same period the previous year.
Organic growth is used to analyze the underlying sales growth driven by changes in volume, product range, and price for similar products between different periods.
| Labtech | Medtech | Group¹ | ||||||
| % | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | ||
| Total growth | 4.1 | 4.0 | 0.0 | 7.5 | 1.5 | 6.2 | ||
| (-) Currency effect | -2.7 | -0.5 | -3.2 | 0.2 | -3.0 | -0.1 | ||
| (-) Acquired growth | 1.4 | 1.6 | 1.0 | – | 1.1 | 0.6 | ||
| Organic growth | 5.4 | 2.9 | 2.2 | 7.3 | 3.4 | 5.7 | ||
| Labtech | Medtech | Group¹ | ||||||
| 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | |||
| Total growth | 156 | 145 | -1 | 454 | 156 | 601 | ||
| (-) Currency effect | -101 | -20 | -208 | 11 | -310 | -10 | ||
| (-) Acquired growth | 53 | 57 | 64 | – | 118 | 57 | ||
| Organic growth | 204 | 108 | 143 | 443 | 348 | 554 | ||
| ¹The Group includes eliminations | ||||||||
Equity per share
Shareholders' proportion of equity divided by the number of shares outstanding at the end of the reporting period.
| 2025 | 2024 | |
| Shareholders' proportion of equity | 5,443 | 5,306 |
| Number of shares outstanding at the end of the financial year, 000 | 121,864 | 121,864 |
| Equity per share, SEK | 44.67 | 43.54 |
Cash flow per share
Cash flow from operating activities, divided by the average number of shares.
| 2025 | 2024 | |
| Cash flow from operating activities | 1,392 | 1,095 |
| Average number of shares, ’000 | 121,864 | 121,863 |
| Cash flow per share, SEK | 11.42 | 8.98 |
Earnings per share
Shareholders' share of the period's result divided by the number of shares outstanding at the end of the reporting period.
Earnings per share is used to determine the value of the company’s weighted average number of outstanding common shares.
| 2025 | 2024 | |
| Shareholders’ share of the profit for the year | 560 | 252 |
| Average number of shares, ’000 | 121,864 | 121,863 |
| Earnings per share before dilution, SEK | 4.59 | 2.06 |
| Average number of shares after dilution, ’000 | 121,864 | 121,863 |
| Earnings per share after dilution, SEK | 4.59 | 2.06 |
Profit growth EBITA / Profit growth adjusted EBITA
Current year’s EBITA/adjusted EBITA minus previous year’s EBITA/adjusted EBITA, divided by previous year’s EBITA/adjusted EBITA.
Proft growth EBITA/adjusted EBITA is used to analyse asset-creating generated from operational activities.
| 2025 | 2024 | |
| EBITA | 1,417 | 1,159 |
| Previous year's EBITA | -1,159 | -1,135 |
| EBITA growth | 258 | 24 |
| Profit growth adjusted EBITA, % | 22 | 2 |
| Adjusted EBITA | 1,259 | 1,165 |
| Previous year's adjusted EBITA | -1,165 | -1,015 |
| Adjusted EBITA growth | 94 | 150 |
| Profit growth adjusted EBITA, % | 8 | 14 |
Financial net liabilities and Net debt/equity ratio
Interest-bearing liabilities and interest-bearing provisions, less cash and cash equivalents.
Net debt is used to monitor debt development and analyse financial leverage and any necessary refinancing.
Financial net liabilities in relation to shareholders’ equity.
Net debt/equity ratio is used to analyse financial risk.
| 2025 | 2024 | |
| Borrowing | 4,146 | 4,434 |
| Cash and cash equivalents | -813 | -331 |
| Financial net debt | 3,333 | 4,103 |
| Pension liability | 58 | 62 |
| Lease liability | 504 | 531 |
| Contingent considerations | 124 | 106 |
| Provisions | 29 | 118 |
| Net interest-bearing debt | 4,048 | 4,920 |
| Shareholder's equity | 5,447 | 5,309 |
| Net debt/equity ratio, multiple | 0.7 | 0.9 |
Financial net liabilities/EBlTDA
Financial net liabilities divided by EBITDA.
Financial net liabilities compared with EBITDA provides a key financial indicator for financial net liabilities in relation to cash-generated operating profit; i.e., an indication of the ability of the business to pay its debts. This measure is generally used by financial institutions as a measure of creditworthiness.
| 2025 | 2024 | |
| Net interest-bearing debt | 4,048 | 4,920 |
| EBITDA | 1,802 | 1,533 |
| Financial net liabilities/EBITDA, multiple | 2.2 | 3.2 |
Interest coverage ratio
EBITDA in relation to interest expenses.
| 2025 | 2024 | |
| EBITDA | 1,802 | 1,533 |
| Interest expenses | 202 | 300 |
| Interest coverage ratio, multiple | 8.9 | 5.1 |
Working capital
Sum of inventories and accounts receivable, less accounts payable. In the calculation of P/WC, average working capital is used.
Working capital is used to analyse how much working capital is tied up in the business.
| 2025 | 2024 | |
| Inventories, average | 1,713 | 1,743 |
| Accounts receivable, average | 1,586 | 1,537 |
| Accounts payable, average | -1,013 | -996 |
| Working capital, average | 2,286 | 2,284 |
Operating margin
Operating profit as a percentage of net sales.
| 2025 | 2024 | |
| Operating profit | 993 | 721 |
| Net sales | 10,442 | 10,286 |
| Operating margin, % | 9.5 | 7.0 |
Equity ratio
Equity including minority interest as a percentage of total assets.
The equity ratio is used to analyse financial risk and shows how much of the assets are financed with equity.
| 2025 | 2024 | |
| Shareholder's equity | 5,447 | 5,309 |
| Total assets | 12,711 | 13,055 |
| Equity ratio, % | 43 | 41 |
Debt/equity ratio
Interest-bearing liabilities and interest-bearing provisions in relation to equity.
| 2025 | 2024 | |
| Non-current interest-bearing liabilities | 2,831 | 4,092 |
| Provisions for pensions | 58 | 62 |
| Interest-bearing provisions | 29 | 118 |
| Current interest-bearing liabilities | 1,943 | 979 |
| Interest-bearing liabilities and provisions | 4,861 | 5,251 |
| Shareholder's equity | 5,447 | 5,309 |
| Debt/equity ratio, multiple | 0.9 | 1.0 |
Capital employed
Total assets less non-interest-bearing liabilities and provisions.
| 2025 | 2024 | |
| Deferred tax liabilities | 324 | 374 |
| Accounts payable | 1,047 | 1,098 |
| Tax liabilities | 110 | 69 |
| Other liabilities | 386 | 369 |
| Accrued expenses and deferred income | 485 | 531 |
| Provisions | 51 | 141 |
| Non-interest-bearing liabilities and provisions | 2,403 | 2,582 |
| Total assets | 12,711 | 13,055 |
| Non-interest-bearing liabilities and provisions | -2,403 | -2,582 |
| Capital employed | 10,308 | 10,473 |
Profit margin
Profit before taxes in percentage of net sales.
| 2025 | 2024 | |
| Profit/loss before taxes | 772 | 405 |
| Net sales | 10,442 | 10,286 |
| Profit margin, % | 7.4 | 3.9 |