Scania Annual Report 2011

148 key financial ratios and figures
Key financial ratios and figures
According to IFRSs 1
According to
Swedish GAAP
2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Scania Group
Operating margin, % 14.1 16.3 4.0 14.1 14.4 12.4 10.8 11.6 10.1 9.3
Earnings per share, SEK 2 11.78 11.38 1.41 11.11 10.69 7.42 5.83 5.40 3.79 3.42
Equity per share, SEK 2 43.1 37.5 29.1 27.4 31.0 32.7 29.7 26.8 22.8 21.2
Return on equity, % 29.5 34.7 5.1 38.3 35.0 24.1 20.8 21.8 17.4 17.2
Dividend, SEK per share 2, 3 5.00 5.00 1.00 2.50 5.00 3.75 3.75 3.75 1.50 1.37
Dividend as percentage of net income 42.4 43.9 70.9 22.5 46.8 50.5 64.3 69.5 39.6 40.2
Redemption, SEK per share 2, 3 – – – – 7.50 8.75 – – – –
Equity/assets ratio, % 31.6 30.5 23.7 19.9 27.1 29.7 30.3 30.3 27.7 25.6
Net debt, excluding provisions
for pensions, SEK m. 26,432 23,481 39,767 50,112 31,534 23,297 25,476 23,115 24,291 25,108
Net debt/equity ratio 0.77 0.78 1.71 2.28 1.27 0.89 1.07 1.08 1.33 1.48
Vehicles and Services
Operating margin, % 13.5 16.1 4.3 13.6 13.8 11.7 10.0 10.8 9.4 7.5
Capital employed, SEK m. 36,372 32,836 34,534 34,514 26,749 32,898 27,012 23,876 21,859 24,363
Operating capital, SEK m. 24,904 23,284 27,886 30,169 22,859 22,226 24,396 21,680 20,080 20,356
Profit margin, % 14.6 16.8 5.3 14.3 14.4 12.8 11.6 11.6 10.0 9.2
Capital turnover rate, times 2.61 2.35 1.77 3.02 2.92 2.38 2.43 2.50 2.21 1.89
Return on capital employed, % 38.1 39.5 9.4 43.1 42.1 30.4 27.9 29.1 22.0 17.4
Return on operating capital, % 48.2 49.4 9.0 47.3 49.9 35.2 26.8 29.0 23.1 16.6
Net debt, excluding provisions
for pensions, SEK m. 4 –10,615 –7,700 4,038 8,364 – 1,902 – 4,335 269 854 2,647 4,308
Net debt/equity ratio 4 –0.35 –0.30 0.21 0.49 – 0.09 – 0.19 0.01 0.05 0.17 0.31
Interest coverage, times 17.8 17.5 2.2 11.3 15.0 9.6 6.8 8.6 6.2 4.6
Financial Services
Operating margin, % 1.3 0.5 –0.4 1.0 1.5 1.6 1.9 1.7 1.4 1.2
Equity/assets ratio, % 10.3 11.1 10.4 9.6 10.1 9.6 10.0 11.2 11.5 11.9
1 Financial reporting is in compliance with International Financial Reporting Standards (IFRSs) beginning with 2004.
The main differences compared to the previous Swedish Generally Accepted Accounting Principles (GAAP) are
shown in the first footnote to the “Multi-year statistical review”.
2 The number of shares outstanding was 200 million until 2006. By means of a share split, the number increased
to 800 million starting in 2007. For years prior to 2007, the above key financial ratios and figures have been
recalculated accordingly.
3 Dividend proposed by the Board of Directors or adopted by the Annual General Meeting.
4 Net debt (+) and net surplus (–).
financial reports Scania 2011