Introduction
Group key figures
(NOK million) 2021 2020 2019 2018 2017 2016 2015 2014 2013
Profit/loss
Operating revenue 22 809 21 070 19 652 17 660 16 401 15 785 16 282 13 171 12 034
Sales revenue outside Norway, in % 90 89 89 88 88 88 88 85 83
Operating profit 3 138 3 489 2 320 1 361 1 354 1 763 2 064 1 314 1 258
Profit before tax 2 890 3 158 2 079 1 115 1 236 1 594 1 918 1 301 1 191
Net cash flow from operating activities 1 968 3 272 2 448 1 018 1 097 2 027 1 500 919 819
Year-end financial positions
Total assets 23 432 20 574 19 136 16 715 15 708 15 158 15 187 13 300 10 799
Investments in intangible and fixed assets 1 363 1 407 1 464 1 089 967 1 133 922 911 733
Total equity 12 468 11 128 9 584 8 469 8 254 8 035 7 932 6 739 5 515
Equity / assets ratio, in % 53.2 54.1 50.1 50.7 52.5 53.0 52.2 50.7 51.1
Number of employees in the Group
including 100 % in associates and joint ventures 10 293 9 855 10 007 9 872 9 789 9 819 9 842 9 676 8 991
Profitability
Return on capital employed, in % 21.7 27.2 18.7 12.2 12.8 17.9 20.9 15.1 17.9
Return on equity, in % 17.9 23.0 17.2 8.1 9.8 14.1 17.9 14.0 15.5
Operating margin, in % 13.8 16.6 11.8 7.7 8.3 11.2 12.7 10.0 10.5
Sales and EBITA development
(NOK MILLION)
Sales EBITA
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
2020
2021
24 000
20 000
16 000
12 000
8 000
4 000
0
3 600
3 000
2 400
1 800
1 200
600
0
Jotun Group Report 2021 I 3