- Net sales increased 4 percent to
SEK 2,968 M (2,863). Organic growth was 4 percent. Net sales were negatively impacted 1 percent due to currency effects. -
Adjusted EBIT amounted to
SEK 290 M (270) and the adjusted EBIT margin was 10 percent (9). -
EBIT totaled
SEK 255 M (208) and the EBIT margin was 8 percent (7). EBIT was not impacted by any items affecting comparability during the quarter (neg: 24). -
Earnings per share, before and after dilution, amounted to
SEK 3.02 (2.18). -
Cash flow from operating activities amounted to
SEK 450 M (521). -
Net debt was
SEK 2,275 M (2,964) at the end of the period, compared withSEK 2,673 M atDecember 31, 2020 andSEK 2,549 M atJune 30 . - Restrictions related to covid-19 had a limited impact on the quarter and the comparative period.
- Net sales increased 6 percent to
SEK 9,180 M (8,631). Organic growth was 9 percent. Net sales were negatively impacted by currency effects of 2 percent. -
Adjusted EBIT amounted to
SEK 828 M (649) and the adjusted EBIT margin was 9 percent (7). -
EBIT totaled
SEK 721 M (478) and the EBIT margin was 8 percent (5). EBIT was not impacted by any items affecting comparability during the period (neg: 55). -
Earnings per share, before and after dilution, amounted to
SEK 8.12 (4.38). -
Cash flow from operating activities amounted to
SEK 1,035 M (1,252). - Restrictions related to covid-19 had a limited impact on the period, while the comparative period was adversely impacted by the outbreak of covid-19 and the data breach.
-
New financing through the issue of a senior unsecured bond of
SEK 1.25 billion . -
At the capital markets day held on
February 25 an updated strategy was presented to achieve the long-term financial targets.
CEO comments
Organic growth, improved profitability and important green steps in our transformation
Sustained organic growth
Organic net sales growth was 4 percent in the third quarter, primarily driven by strong growth in
accessories by being proactive and through our strong relationships with suppliers.
Improvement in profitability
Profitability increased during the quarter as a result of continued growth and due to our clear, consistent focus on reducing costs in all parts of
Strong financial position opens for new opportunities
We have purposefully endeavored to strengthen our financial position in the past year. As a result, our net debt relative to EBITDA decreased to 1.8 times (3.3). Cash flow from operating activities amounted to
Well-positioned for a more sustainable market
We continue to lead the industry in this important transformation to a fully electric, green vehicle fleet. Last spring, we were the first company in the industry to launch a new standard for servicing electric cars, E+. We also conducted an analysis of spare parts for the 30 most common electric cars in our markets. Our objective is to have a full range of these available in early 2022. We have already achieved our
Summary of the third quarter
I am proud of what we have achieved together during the quarter. The market has gradually normalized as restrictions were lifted and our concepts are appreciated by our customers. We have met demand by being proactive in our purchasing and through strong relationships with our suppliers and, in parallel, improved our profitability through continued cost discipline. Our financial position is strong and we are well prepared to further strengthen our position by transforming into an even more sustainable and profitable company. We aim to be the best and most complete partner for everyone that services and maintains cars in our markets - today and in the future.
President and CEO
This information is such information that
https://news.cision.com/mekonomen/r/interim-report-january---september-2021,c3443008
https://mb.cision.com/Main/550/3443008/1488282.pdf
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