Third quarter (1 October-31 December 2015)·
- Revenue amounted to MSEK 1,993 MSEK (2,027).
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Operating profit rose by 11 percent to MSEK 115 (104), corresponding to an
operating margin of 5.8 percent (5.1). - Profit after financial items increased by 16 percent to MSEK 111 (96).
- Net profit rose by 18 percent to MSEK 85 (72).
- Earnings per share increased to SEK 3.05 (2.55).
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Cash flow from operating activities amounted to MSEK 207 (207) and
cash flow per share for the most recent 12-month period was SEK 16.05 (8.35). - The return on equity for the most recent 12-month period was 14 percent (13).
- The equity/assets ratio at the end of the period was 52 percent (46).
Reporting period – 9 months (1 April-31 December 2015)·
- Revenue amounted to MSEK 5,886 (5,909).
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Operating profit rose by 11 percent to MSEK 375 (339) and the
operating margin was 6.4 percent (5.7). - Profit after financial items increased by 17 percent to MSEK 361 (308).
- Net profit rose by 19 percent to MSEK 275 (231).
PRESIDENT’S STATEMENT
The Group’s total revenue remained largely unchanged during the reporting period. During the period we have actively worked at shifting sales from items with lower margins to more profitable product areas. There were also significant variations between the Group’s various geographic markets and customer segments. For example, ESSVE, TOOLS Sweden and Momentum reported increased revenue and improved operating profit during the period. The market situation in Norway has affected the Group negatively. Exclusive of the Norwegian operations, the other units have increased their revenue by a total of 5 percent during the period and the operating profit by more than 40 percent.
Despite a turbulent operating environment with major currency fluctuations and a weak economic climate, particularly in Norway, we continue to improve our key financial ratios. During the most recent 12-month period, earnings per share increased by 17 percent, our cash flow per share nearly doubled compared with the preceding year. At the same time we have considerably reduced our indebtedness.
In recent years, we have radically improved our basic prerequisites for growth and development. With our strong balance sheet and lower debt, I believe we have the right conditions for attractive corporate acquisitions.
Stockholm, February 2016
Ulf Lilius
President & CEO
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