Year-end Report 2014
JANUARY 1–DECEMBER 31, 2014 (compared with same period a year ago) · Net sales rose 12% (10% excluding exchange rate effects and divestments) to SEK 104,054m (92,873) · Organic sales growth, which excludes exchange rate effects, acquisitions and divestments, was 3% (4% including Vinda’s organic sales growth) · Operating profit, excluding items affecting comparability, rose 14% (12% excluding exchange rate effects and divestments) to SEK 11,849m (10,381) · The operating margin, excluding items affecting comparability, was 11.4% (11.2%) · Profit before tax, excluding items