Evaluating strategic options
SECOND QUARTER 2022- Revenue increased by 6% to
SEK 1,691m (1,590) -
Operating profit increased by 2% to
SEK 147m (144) -
Operating margin decreased to 8.7% (9.0)
-
The result for the period decreased by 63% to
SEK 32m (86) -
Basic earnings per share amounted to
SEK 2.20 (5.94) -
Cash flows from operating activities amounted to
SEK 39m (120)
JANUARY - JUNE 2022 - Revenue increased by 20% to
SEK 3,436m (2,856) -
Operating profit increased by 14% to
SEK 255m (224) -
Operating margin decreased to 7.4% (7.8)
-
The result for the period decreased by 34% to
SEK 95m (142) -
Basic earnings per share amounted to
SEK 6.50 (9.79) -
Cash flows from operating activities amounted to
SEK 23m (211)
- Revenue increased by 20% to
SEK 3,436m (2,856) -
Operating profit increased by 14% to
SEK 255m (224) - Operating margin decreased to 7.4% (7.8)
-
The result for the period decreased by 34% to
SEK 95m (142) -
Basic earnings per share amounted to
SEK 6.50 (9.79) -
Cash flows from operating activities amounted to
SEK 23m (211)
SEK m (or as stated) | 2022 Q2 | 2021 Q2 | % | 2022 6M | 2021 6M | % | FY2021 |
Revenue | 1,691 | 1,590 | 6% | 3,436 | 2,856 | 20% | 6,212 |
Gross profit | 356 | 286 | 24% | 656 | 501 | 31% | 1,111 |
Operating profit | 147 | 144 | 2% | 255 | 224 | 14% | 483 |
Result for the period | 32 | 86 | -63% | 95 | 142 | -34% | 339 |
Earnings per ordinary share, SEK* | 2.20 | 5.94 | -63% | 6.50 | 9.79 | -34% | 23.33 |
Cash flow from operations | 39 | 120 | 23 | 211 | 457 | ||
Net debt (cash) | 712 | 143 | 712 | 143 | 198 | ||
Gross margin, % | 21.0% | 18.0% | 3.1pp | 19.1% | 17.5% | 1.6pp | 17.9% |
Operating margin, % | 8.7% | 9.0% | -0.4pp | 7.4% | 7.8% | -0.4pp | 7.8% |
Working capital/LTM Revenue, % | 14% | 3% | 10.8pp | 14% | 3% | 10.8pp | 2% |
Equity/total assets, % | 37% | 25% | 10.9pp | 37% | 25% | 10.9pp | 28% |
Return on capital employed, % | 23% | 23% | -0.4pp | 23% | 23% | -0.4pp | 29% |
Return on equity, % | 22% | 30% | -8.0pp | 22% | 30% | -8.0pp | 36% |
Lars Corneliusson, CEO, comments: "The conditions for our business in
In
Our businesses in
The German market for heavy trucks declined by 6% in the second quarter 2022. Our new trucks sales declined by 4% in units and we gained further market shares. Our used trucks business continued to contribute to the top line. Aftermarket sales grew by 28%. We now expect to reach positive operating profit sometime in the second half of 2022. Total revenue in
These are turbulent times. In a longer perspective, we however believe that the underlying conditions and business opportunities in the Kazakh and German markets remain strong."
About
This information is information that |
Contact For investors, analysts and media: Erik Danemar, CFO and Head of Investor Relations+46 73 660 72 31ir@ferronordic.com |
Financial calendar: Interim report January-
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https://news.cision.com/ferronordic-ab/r/interim-report-1-january---30-june-2022,c3615084
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