GROUP OUTLOOK FOR 2020

Operational free cash flow is expected to be between SEK 10.5 and 11.5 billion from the 2019 level (SEK 12.6 billion). From 2019 we have changed our operational free cash flow definition and include payments of lease liabilities, implying that the new accounting standard for leases, IFRS 16, will not have any material impact on this cash flow measure.

Adjusted EBITDA based on group structure at year-end 2019 and at stable currencies, is expected to grow 2-5 percent compared to 2019.