Second quarter (1 July -
- Net sales increased by 10 percent and amounted to
SEK 4,879 million (4,418). - Operating profit before amortisation of intangible non-current assets (EBITA) increased by 25 percent and amounted to
SEK 727 million (582) corresponding to an EBITA margin of 14.9 percent (13.2). - Operating profit increased by 27 percent and amounted to
SEK 618 million (489) corresponding to an operating margin of 12.7 percent (11.1). - Profit after tax increased by 23 percent and amounted to
SEK 447 million (362) and earnings per share before/after dilution amounted toSEK 1.60 (1.30).
Period (1 April -
- Net sales increased by 13 percent and amounted to
SEK 9,968 million (8,794). - Operating profit before amortisation of intangible non-current assets (EBITA) increased by 23 percent and amounted to
SEK 1,423 million (1,152) corresponding to an EBITA margin of 14.3 percent (13.1). - Operating profit increased by 25 percent and amounted to
SEK 1,213 million (971) corresponding to an operating margin of 12.2 percent (11.0). - Profit after tax increased by 19 percent and amounted to
SEK 839 million (706) and earnings per share before/after dilution amounted toSEK 3.00 (2.50). For the latest twelve month period earnings per share before dilution amounted toSEK 6.05 (4.65) and after dilution toSEK 6.05 (4.60). - Return on working capital (P/WC) amounted to 67 percent (66).
- Return on equity amounted to 31 percent (31) and the equity ratio amounted to 36 percent (32).
- Cash flow from operating activities amounted to
SEK 1,150 million (524). For the latest twelve month period, cash flow per share from operating activities amounted toSEK 9.40 (4.50). - Since the start of the financial year six acquisitions have been completed, with total annual sales of about
SEK 465 million . After the end of the period another acquisition agreement was signed.
CEO´s comments
Customer activity levels remained at a high level in our companies. All business areas contributed to a total increase in sales of 10 percent, of which 1 percentage point was organic, mainly related to lower organic sales growth for the quarter in the Energy business area. Higher added value, combined with a favourable product mix and good acquisition outcomes, gave growth in EBITA of 25 percent with a very strong EBITA margin of 14.9 percent (13.2). Given tough comparison figures and a challenging environment, it is satisfying that our decentralised business model, with its market proximity, again demonstrated its strength.
For the full CEO comment, please see the Interim Report.
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https://news.cision.com/addtech/r/interim-report-q2-1-april---30-september-2023,c3859611
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