AQ Group AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 14, 2023 at 02:00 am EDT
Share
AQ Group AB (publ) reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SEK 2,345 million compared to SEK 1,721 million a year ago. Revenue was SEK 2,388 million compared to SEK 1,767 million a year ago. Net income was SEK 170 million compared to SEK 86 million a year ago. Basic earnings per share from continuing operations was SEK 9.3 compared to SEK 4.71 a year ago. Diluted earnings per share from continuing operations was SEK 9.28 compared to SEK 4.71 a year ago.
For the six months, sales was SEK 4,598 million compared to SEK 3,367 million a year ago. Revenue was SEK 4,684 million compared to SEK 3,451 million a year ago. Net income was SEK 328 million compared to SEK 178 million a year ago. Basic earnings per share from continuing operations was SEK 17.91 compared to SEK 9.75 a year ago. Diluted earnings per share from continuing operations was SEK 17.86 compared to SEK 9.75 a year ago.
AQ Group AB is a Sweden-based company, which develops, manufactures and assembles components and systems for industrial customers. The Company's business consists of the two segments: System and Component. The System segment includes electric cabinets and system products business areas, and produces systems, power and automation solutions and assembles complete machines in close collaboration with the customers. The Component segment encompasses business areas of injection molding, inductive components, wiring Systems, sheet metal processing, as well as special technologies and engineering. This segment produces transformers, wiring systems, mechanical components, punched sheet metal and injection-molded thermoplastics. The Company operates through its subsidiaries in Finland, Estonia, Mexico, India, Canada and China, among others.
AQ GROUP AB 
