Note 6 Segment reporting


The division into business areas reflects AddLife’s internal organisation and reporting system. AddLife reports its business areas as operating segments. The two business areas are Labtech and Medtech. This market grouping reflects a natural division of the Life Science market. AddLife uses EBITA as a performance measure when monitoring the business areas. Intra-Group sales are based on the same prices that an independent party would pay for the product.

Labtech

The companies in the Labtech business area operate within diagnostics and biomedical research, as well as laboratory analysis. The companies deliver directly to customers various products and solutions that include analytical instruments, equipment, microscopes, consumables and reagents, as well as software support and technical service, primarily to laboratories in medicine, research, academia and the food and pharmaceutical industries. The companies within the Labtech business area are mainly active in microbiology, clinical chemistry, coagulation, molecular biology, research, immunology, point-of-care testing, veterinary diagnostics and in the food industry. Customers are also offered training programmes in various areas to ensure that customers have the appropriate skills and to maximise user benefit for the products the Company provides.

Medtech

The companies in the Medtech business area provide medical device products within the medtech market, with a focus on surgery, thoracic medicine, neurology, wound care, anaesthesia, intensive care, ear, nose and throat, ostomies, and home healthcare. 

Data by operating segment

During the financial years 2020 and 2019, no internal invoicing occurred between the business areas.

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      2020 2019
Net sales     Externally Externally
Medtech     2,061.6 1,498.4
Labtech     3,211.7 1,981.0
Total     5,273.3 3,479.4
         
  2020 2019
EBITA EBITA EBITA
margin, %
EBITA EBITA
margin, %
Medtech 252.6 12.3 115.6 7.7
Labtech 565.5 17.6 201.9 10.2
Total 818.1   317.5  

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  2020 2019
Operating profit/loss, assets and liabilities Operating profit Assets¹ Liabilities¹ Operating profit Assets¹ Liabilities¹
Medtech 170.8 2,302.7 449.1 43.5 1,923.6 374.5
Labtech 519.9 1,610.4 839.5 167.6 1,321.5 460.6
Group items -18.2 236.5 970.7 -14.9 29.3 963.2
Total 672.5 4,149.6 2,259.3 196.2 3,274.4 1,798.3
Finance income and costs -13.5          
Profit before taxes 659.0          
¹ Does not include balances in Group accounts or financial transactions with Group companies.

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  2020 2019
Investments in non-current assets Intangible¹ Property, plant and equipment¹ Total Intangible¹ Property, plant and equipment¹ Total
Medtech 86.6 104.6 191.2 168.0 54.6 222.6
Labtech 190.2 73.8 264.0 78.6 79.8 158.4
Group items 6.3 6.3 0.2 0.9 1.1
Total 276.8 184.7 461.5 246.8 135.3 382.1
¹ The amounts do not include the effects of corporate acquisitions.
             
  2020 2019
Depreciation/amortisation of non-current assets Intangible Property, plant and equipment¹ Total Intangible Property, plant and equipment¹ Total
Medtech -81.8 -57.5 -139.3 -58.2 -49.3 -107.5
Labtech -45.5 -84.5 -130.0 -48.1 -73.8 -121.9
Group items -2.4 -2.5 -4.9 -2.7 -1.2 -3.9
Total -129.7 -144.5 -274.2 -109.0 -124.3 -233.3
¹ Depreciation/amortisation of property, plant and equipment include depreciation/amortisation of right- of-use assets.

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Significant profit or loss items, other than depreciation or amortisation, not matched by payments
  2020 2019
  Capital gains Change in pension liability Other items Total Capital gains Change in pension liability Other items Total
Medtech -1.1 -1.2 -7.2 -9.5 -0.2 -2.8 3.2 0.2
Labtech -2.6 0.5 0.2 -1.9 -0.4 3.6 0.8 4.0
Group items 14.4 14.4 0.6 0.6
Total -3.7 -0.7 7.4 3.0 -0.6 0.8 4.6 4.8

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  2020 2019
Data by country Net sales external Assets¹ Of which non-current assets Net sales external Assets¹ Of which non-current assets
Sweden 1,076.6 1,438.6 1,074.1 769.5 1,532.1 1,088.3
Denmark 820.4 472.5 273.7 468.9 333.9 183.0
Finland 704.4 264.6 131.1 575.2 274.7 136.1
Norway 830.1 471.5 276.2 588.6 499.6 329.6
Other countries 1,841.8 1,467.6 680.9 1,077.2 926.8 376.2
Group items and unallocated assets 34.8 21.2 -292.7 24.9
Total 5,273.3 4,149.6 2,457.2 3,479.4 3,274.4 2,138.1
¹ Does not include balances in Group accounts and financial assets. External net sales are based on the customers' location, and the carrying amounts of assets are based on where the assets are located.
             
  2020 2019
Investments in non-current assets Intangible Property, plant and equipment Total Intangible Property, plant and equipment Total
Sweden 37.7 33.8 71.5 125.6 42.2 167.8
Denmark 44.1 22.6 66.7 79.5 15.7 95.2
Finland 3.4 22.6 26.0 0.4 6.5 6.9
Norway 5.1 11.0 16.1 37.8 8.0 45.8
Other countries 186.5 94.7 281.2 3.5 62.9 66.4
Total 276.8 184.7 461.5 246.8 135.3 382.1
The Group has no single customer whose revenues account for 10 percent of total revenue, for which reason there is no related reporting.