Beijer Alma AB Announces Consolidated and Parent Earnings Results for the Second Quarter and First Six Months Ended June 30, 2016
August 18, 2016 at 05:32 am EDT
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Beijer Alma AB (publ) announced consolidated and parent earnings results for the second quarter and first six months ended June 30, 2016. For the quarter, on consolidated basis, the company announced net revenues of SEK 898.4 million compared to SEK 927.3 million for the same period a year ago. Operating profit was SEK 119.2 million compared to SEK 128.5 million for the same period a year ago. Profit after net financial items was SEK 117.4 million compared to SEK 125.2 million for the same period a year ago. Net profit attributable to parent company shareholders was SEK 89.0 million compared to SEK 94.5 million for the same period a year ago. Net earnings per share, before and after dilution was SEK 2.95 compared to SEK 3.14 for the same period a year ago. Cash flow from operating activities was SEK 195.2 million compared to SEK 125.9 million for the same period a year ago. Return on shareholders' equity was 20.2% compared to 23.9% for the same period a year ago. Net debt amounted to SEK 394 million compared to SEK 402 million for the same period a year ago.
For the six months, on consolidated basis, the company announced net revenues of SEK 1,800.2 million compared to SEK 1,842.6 million for the same period a year ago. Operating profit was SEK 228.5 million compared to SEK 244.0 million for the same period a year ago. Profit after net financial items was SEK 224.5 million compared to SEK 236.8 million for the same period a year ago. Net profit attributable to parent company shareholders was SEK 170.2 million compared to SEK 178.8 million for the same period a year ago. Net earnings per share, before and after dilution was SEK 5.65 compared to SEK 5.94 for the same period a year ago. Cash flow from operating activities was SEK 218.0 million compared to SEK 123.3 million for the same period a year ago. Return on shareholders' equity was 19.7% compared to 21.6% for the same period a year ago.
For the quarter, on parent company basis, the company announced operating loss of SEK 11.2 million compared to SEK 9.6 million for the same period a year ago. Loss after net financial items was SEK 11.2 million compared to SEK 9.8 million for the same period a year ago. Net loss was SEK 8.9 million compared to SEK 7.6 million for the same period a year ago.
For the six months, on parent company basis, the company announced operating loss of SEK 17.8 million compared to SEK 17.2 million for the same period a year ago. Loss after net financial items was SEK 17.8 million compared to SEK 17.4 million for the same period a year ago. Net loss was SEK 14.1 million compared to SEK 13.8 million for the same period a year ago.
Beijer Alma AB is a Sweden-based company engaged in the production of components and industrial trading. Its business concept is to acquire, own and develop small and medium-sized companies with growth potential. Its operations are conducted by the subsidiaries focused on industrial customers. Lesjofors is an international supplier of industrial springs, wire and flat strip components. Habia Cable is a manufacturer and marketer of cables and cable systems for demanding applications, such as mobile telecommunication, defense, nuclear power and infrastructure. Beijer Tech is a company focused on industrial trading within the areas of hoses, fittings, rubber sheeting, wear protection, power transmission and surface treatment, as well as foundry, steelworks and smelters. The Company has approximately 40 subsidiaries active in Denmark, Norway, Finland, the United Kingdom, Germany, Latvia, China, Russia, Slovakia, the Netherlands, the United States, France and Poland.
BEIJER ALMA AB 
