Beijer Alma Announces Earnings Results for the Second Quarter and First Half of 2017
August 28, 2017
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Beijer Alma announced earnings results for the second quarter and First half of 2017. For the quarter, the company announced profit before tax for the second quarter totaled SEK 147 million compared to SEK 117 million a year ago. Earnings per share amounted to SEK 3.66 compared to SEK 2.95 a year ago. Cash flow after capital expenditures totaled SEK 61 million SEK 93 million a year ago.
For the first half, the company reported profit before tax, which was charged with nonrecurring costs of SEK 16 million, totaled SEK 285 million compared to SEK 224 million a year ago. Earnings per share amounted to SEK 7.09 compared to SEK 5.65 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.