Second quarter 2021- Order intake rose by 30% to
SEK 6,006 million (4,604). For comparable units, it was an increase of 26%. -
Net sales increased by 20% to
SEK 5,552 million (4,614). For comparable units, it was an increase of 16%. -
EBITA increased by 40% to
SEK 843 million (602), corresponding to an EBITA margin of 15.2% (13.0%). -
Profit for the quarter increased by 52% to
SEK 562 million (370), and earnings per share amounted to SEK 1.54 (1.02). -
Cash flow from operating activities amounted to
SEK 792 million (806).
1 January - 30 June 2021 - Order intake rose 17% to
SEK 11,753 million (10,005). For comparable units, it was an increase of 14%. -
Net sales increased by 12% to
SEK 10,699 million (9,590). For comparable units, it was an increase of 9%. -
EBITA increased by 28% to
SEK 1,556 million (1,218), corresponding to an EBITA margin of 14.5% (12.7%). -
Profit for the period increased by 35% to
SEK 1,023 million (758), and earnings per share amounted to SEK 2.81 (2.09). -
Cash flow from operating activities increased and amounted to
SEK 1,281 million (1,227)
- Order intake rose 17% to
SEK 11,753 million (10,005). For comparable units, it was an increase of 14%. -
Net sales increased by 12% to
SEK 10,699 million (9,590). For comparable units, it was an increase of 9%. -
EBITA increased by 28% to
SEK 1,556 million (1,218), corresponding to an EBITA margin of 14.5% (12.7%). -
Profit for the period increased by 35% to
SEK 1,023 million (758), and earnings per share amounted toSEK 2.81 (2.09). -
Cash flow from operating activities increased and amounted to
SEK 1,281 million (1,227)
CEO's message
Strong demand and record-high earnings for the second quarter.
Second quarter
Demand improved further during the second quarter and was considerably higher than during the same period last year. Growth was broad and most companies and segments developed positively. Order intake, which amounted to
Sales improved for all business areas and amounted to
The EBITA result for the quarter increased by 40% to
During the quarter, many companies continued to be affected by the shortage of components and longer delivery times, which hampered delivery and invoicing opportunities. Several companies were also impacted by higher costs for raw materials, components and freight. Thanks to quick, flexible action in combination with successful pricing efforts by our companies, the overall net impact for the Group was limited during the quarter.
The higher business volumes contributed to a higher working capital during the quarter, which slightly suppressed cash flow. However, working capital efficiency continued to improve during the quarter and the inventory for comparable units was, at the end of the quarter, lower than last year, despite the increased volumes. The Group's financial position remains strong, with a relatively low debt/equity ratio.
Acquisitions
Three acquisitions were made during the quarter with total annual sales of approximately
In total, we have acquired nine companies thus far in 2021 with total annual sales of slightly more than
Outlook
At the end of the second quarter, the demand situation was positive, stable and overall, at a higher level than it was prior to the outbreak of the pandemic. We enter into the second half of 2021 with a strong backlog of orders and expect that demand will remain at this good level. We assume also that the level of activity and costs among our companies will gradually increase during the autumn. The continued strained situation for many suppliers in combination with the pandemic presents a certain risk.
Our success is based on decentralised decision-making by committed MDs who work closely with customers. I am convinced that we will continue to manage the changed conditions in an agile and successful way, thereby creating the prerequisites for continued competitive value creation.
Note
The information in this report is such that |
This report will be commented upon as follows:
A webcast of the report will be presented on 19 July at |
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