- Revenue amounted to MSEK 3,882 (3,734).
- Operating profit rose by 55 percent to MSEK 235 (152).
- Profit after net financial items increased to MSEK 212 (122).
- Profit after taxes rose by 77 percent to MSEK 159 (90).
- Earnings per share totalled SEK 5.65 (3.20).
- The return on equity for the most recent 12-month period was 13 percent (13).
- The equity/assets ratio at the end of the reporting period was 44 percent (42).
Second quarter (1 July-30 September 2014)
- Revenue for comparable units, measured in local currency and adjusted for the number of trading days, rose by 3 percent during the quarter compared with the year-earlier period.
- Operating profit amounted to MSEK 130 (87) during the quarter.
PRESIDENT’S STATEMENT
The second quarter of the financial year was characterised by slightly higher sales volumes for most of our units. Combined with higher contribution ratios, this sales trend resulted in a 50-percent increase in operating profit compared with the year-earlier period – with a strong earnings trend reported by both our Business Areas and TOOLS / Momentum. TOOLS Sweden continued to report positive earnings for the quarter.
The Group’s profitability, measured as operating profit in relation to working capital (P/WC), continued to develop favourably and amounted to 25 percent (19) for the most recent 12-month period.
Stockholm, November 2014
Ulf Lilius
President & CEO
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