Key figures
2021 | 2020 | 2019 | |
---|---|---|---|
Net sales* | 76,756 | 59,432 | 56,080 |
Net sales growth, % | 29.2 | 6.0 | 19.8 |
Constant currency net sales growth, % | 26.7 | 6.8 | 17.9 |
Organic net sales growth, % | 24.1 | 9.9 | 15.9 |
Gross margin | 18,976 | 14,587 | 14,338 |
Gross margin, % | 24.7 | 24.5 | 25.6 |
EBITDA | 8,322 | 5,261 | 4,989 |
EBITDA margin, % | 10.8 | 8.9 | 8.9 |
EBITA | 7,711 | 4,800 | 4,652 |
EBITA margin, % | 10.0 | 8.1 | 8.3 |
Operating profit* | 7,282 | 4,129 | 3,936 |
Operating profit margin, % | 9.5 | 6.9 | 7.0 |
Items affecting comparability, gross margin | - | - | - |
Items affecting comparability, EBITDA | 333 | 439 | - |
Adjusted EBITDA | 8,655 | 5,700 | 4,989 |
Adjusted EBITDA margin, % | 11.3 | 9.6 | 8.9 |
Adjusted EBITA | 8,044 | 5,239 | 4,652 |
Adjusted EBITA margin, % | 10.5 | 8.8 | 8.3 |
Adjusted operating profit | 7,615 | 4,568 | 3,936 |
Adjusted operating profit margin, % | 9.9 | 7.7 | 7.0 |
Full-time equivalent employees | 112 | 93 | 91 |
Net cash flows from operating activities* | 120 | 4,836 | 2,916 |
Operating free cash flows | 2,329 | 5,862 | 2,897 |
Cash conversion, % | 26.9 | 102.8 | 58.1 |
Investments in tangible and intangible assets excluding brand acquisitions | -398 | -486 | -335 |
Net debt | -38,683 | -19,162 | -22,544 |
Net debt to adjusted EBITDA for the last 12 months, ratio | 4.5 | 3.4 | 4.5 |
Change in working capital | -5,928 | 647 | -1,757 |
Net working capital | 33,744 | 18,666 | 19,904 |
Capital employed | 49,202 | 26,284 | 28,316 |
Capital employed excluding goodwill | 35,687 | 20,732 | 21,868 |
Return on capital employed (ROCE), % | 19.3 | 15.1 | n/a |
Adjusted return on capital employed (Adjusted ROCE), % | 28.5 | 24.6 | n/a |
Equity ratio, % | 15.2 | 17.0 | 14.7 |
Return on equity, % | 37.8 | 23.7 | n/a |