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Strong organic growth
"The second quarter was characterised by increasing demand, particularly in our industry segments. Organic growth was strong, results were stable, and we accelerated our acquisition agenda with 12 acquisitions so far this year", said
Second quarter 2021
- Net sales amounted to
- EBITA, excl. items affecting comparability, was
- EBITA margin, excl. items affecting comparability, was 8.0 percent (8.0)
- EBITA totalled
- EBITA margin was 8.0 percent (7.5)
- EBIT (operating profit) amounted to
- Basic earnings per share:
January-
- Net sales amounted to
- EBITA, excl. items affecting comparability, was
- EBITA margin, excl. items affecting comparability, was 8.3 percent (8.5)
- EBITA totalled
- EBITA margin was 8.3 percent (8.3)
- EBIT (operating profit) amounted to
- Basic earnings per share:
COMMENTS BY THE CEO
The second quarter was characterised by increasing demand for sustainable and digital solutions, particularly in our industry segments. Organic growth was strong, results were stable and we accelerated our acquisition agenda with 12 acquisitions so far this year.
Strong organic growth
The positive trend continued into the second quarter in most segments. Net sales amounted to
Stable results and strong financial position
EBITA, excluding items affecting comparability, was
The order stock remains at a stable level. Operating cash flow was solid and we have a strong financial position with a net debt/EBITDA of 2.2 times (2.0), excluding the effect of IFRS 16 and items affecting comparability. The strong balance sheet creates scope for further acquisitions.
Performance in the divisions
The Infrastructure Division posted growth in all segments along with stable results during the quarter. Demand remains strong for the division's services, which are driven by increased public investments in building and transport infrastructure in both the Nordics and
The Industrial & Digital Solutions Division showed strong growth and improved results during the quarter, driven by a strong performance in the automotive and industry segment.
The Process Industries Division showed strong growth and a positive results trend during the quarter, particularly in
The Energy Division continued to perform well, but the Covid-19 pandemic continues to affect the decision-making processes for new projects, resulting in a negative growth.
The Management Consulting Division produced strong growth and results due to a higher activity level in the energy and bio industries.
Active sustainability efforts
We entered several exciting agreements during the quarter, and I am particularly proud that we were selected to develop the world's largest thermal energy storage facility for Vantaa Energy in
Strong focus on growth and digitalisation
To meet higher levels of demand, we have accelerated the pace of recruitment in all divisions and growth through acquisitions. Eight acquisitions were carried out during the quarter, making a total of 12 so far this year. In total, the acquired companies have annual sales of around
Digitalisation is one of our strongest drivers of growth, and the majority of the acquisitions we have made since the beginning of the year have strong digital offerings. I would like to particularly highlight the acquisitions of MosaicMill and Simosol in
Attractive employer
Following the decision taken at the AGM, the legal name of the parent company is now
Outlook
Uncertainty of the course of the pandemic and its effects remains. We are seeing increasing demand in all segments, particularly in the industry segments which is driven by the transition to a more sustainable society. We have built a stable platform and are well positioned to take a leading role in that transition. We are maintaining our intense focus on growth and have a positive view of
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This report has not been subjected to scrutiny by the company's auditors.
This information fulfils
All assumptions about the future that are made in this report are based on the best information available to the company at the time the report was written. As is the case with all assessments of the future, such assumptions are subject to risks and uncertainties, which may mean that the actual outcome differs from the anticipated result.
This is a translation of the Swedish original. The Swedish text is the binding version and shall prevail in the event of any discrepancies.
The full report including tables (pdf) is available for download.
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