INTRODUCTION
3
1972
(NOK MILLION) 2018 2017 2016 2015 2014 2013
Financial performance
Operating revenue 17 660 16 401 15 785 16 282 13 171 12 034
Sales revenue outside Norway, in % 88 88 88 88 85 83
Operating profit 1 361 1 354 1 763 2 064 1 314 1 258
Profit before tax 1 115 1 236 1 594 1 918 1 301 1 191
Net cash flow from operating activities 1 018 1 097 2 027 1 500 919 819
Financial positions
Total assets 16 715 15 708 15 158 15 187 13 300 10 799
Investments in intangible and fixed assets 1 089 967 1 133 922 911 733
Equity (including non-controlling interests) 8 469 8 254 8 035 7 932 6 739 5 515
Equity / assets ratio, in % 50.7 52.5 53.0 52.2 50.7 51.1
Number of employees in the Group, including
100 per cent in joint ventures and associated companies 9 872 9 789 9 819 9 842 9 676 8 991
Profitability
Return on capital employed, in % 1) 14.1 15.1 21.8 25.6 18.3 21.4
Return on equity, in % 2) 8.1 9.8 14.1 17.9 14.0 15.5
Operating margin, in % 3) 7.7 8.3 11.2 12.7 10.0 10.5
2100 Sales and EBITA development
(NOK MILLION)
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
SALES EBITA
21 000
18 000
15 000
12 000
9 000
6 000
3 000
0
1800
1500
1200
900
600
300
0
Group key figures