Beijer Alma AB Reports Unaudited Consolidated and Parent Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017
October 26, 2017 at 03:00 am EDT
Share
Beijer Alma AB reported unaudited consolidated and parent earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, on consolidated basis the company reported net revenue was SEK 879.7 million against SEK 840.2 million a year ago. Operating profit was SEK 112.8 million against SEK 111.5 million a year ago. Net profit attributable to parent company shareholders was SEK 82.2 million against SEK 82.9 million a year ago. Net earnings per share before and after dilution, was SEK 2.73 against SEK 2.75 a year ago. Cash flow from operating activities was SEK 178.2 million against SEK 119.1 million a year ago.
For the nine months, on consolidated basis the company reported net revenue was SEK 3,003.1 million against SEK 2,640.4 million a year ago. Operating profit was SEK 403.5 million against SEK 340.0 million a year ago. Net profit attributable to parent company shareholders was SEK 295.8 million against SEK 253.1 million a year ago. Net earnings per share before and after dilution, was SEK 9.82 against SEK 8.40 a year ago. Cash flow from operating activities was SEK 282.3 million against SEK 337.1 million a year ago.
For the quarter, on parent basis, the company reported operating loss was SEK 4.4 million against SEK 5.5 million a year ago. Net loss was SEK 3.6 million against SEK 4.6 million a year ago.
For the nine months, on parent basis, the company reported operating loss was SEK 37.3 million against SEK 23.3 million a year ago. Net loss was SEK 29.8 million against SEK 18.7 million 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 
