Interim report January - June 2007
Continued strong growth of sales and profits
• Sales in the second quarter reached SEK 243m (207), an increase of 17%. Sales
in the first half of the year were SEK 485m (418), an increase of 16%.
• Incoming orders in the second quarter amounted to SEK 266m (224), an increase
of 18%. Incoming orders in the first six months of the year were SEK 506m (444),
an increase of 14%.
• Operating profit in the second quarter amounted to SEK 26m (19), up 37%.
Operating profit in the first six months of the year amounted to SEK 51m (39),
before the one-time charge in connection with the IPO process, up 30%. Including
IPO expenses: SEK 45m.
• Profit before taxes in the second quarter was SEK 23m (16). Profit before
taxes in the first six months of the year was SEK 47m (34), before the IPO
charge. Including IPO charge: SEK 41m.
• Net profit in the second quarter was SEK 18m (13). Net profit in the first six
months of the year was SEK 33m (26), before the IPO charge. Including IPO
charge: SEK 29m.
• Earnings per share in the second quarter were SEK 1.54 (1.09). Earnings per
share in the first six months of the year were SEK 2.85 (2.26), before the IPO
charge. Including IPO charge: SEK 2.48.
Key figures
1 April - 30 1 January - 30 Full July -
June June Year June
12
TSEK 2007 2006 2007 2006 2006 months
Net sales 242 752 207 311 484 745 418 321 877 794 944 218
Gross margin, % 50,0 49,2 50,1 49,8 49,1 49,3
EBITDA *) 29 860 19 682 59 343 44 311 104 384 119 416
EBITDA margin, % *) 12,3 9,5 12,2 10,6 11,9 12,6
EBIT *) 25 747 18 733 51 217 39 378 85 376 97 215
EBIT margin*) 10,6 9,0 10,6 9,4 9,7 10,3
EBT *) 23 258 16 337 47 087 34 342 75 609 82 354
Net profit *) 18 014 12 503 33 413 26 001 54 953 58 045
Earnings per share,
SEK * )**) 1,54 1,09 2,85 2,26 4,73 5,32
Operating cash flow
*) 62 805 39 579 70 891 94 117
Return on equity, %
*) 17,0 15,4 15,7 15,4
Return on operating
capital, % *) 29,7 19,2 15,9 45,3
Net
debt 141 476 184 756 163 893 141 476
Net debt to equity
ratio, % 34,5 53,2 43,5 34,5
Net debt/EBITDA, x *) 1,6 1,2
EBITDA/financial net,
x *) 10,7 13,5
Average number of
employees 547 501 528 525
*) Before IPO charges of 6 000 pre tax
**) Before dilution; for 2007
there is no dilution
Further details can be provided by:
Sven Kristensson, CEO
Telephone +46 (0)42-18 87 00
e-mail: sven.kristensson@nederman.se
Anders Agering, CFO
Telephone +46 (0)42-18 87 00
e-mail: anders.agering@nederman.se
For additional information, see Nederman's website www.nederman.com
Telephone +46 (0) 42-18 87 00
Telefax +46 (0) 42-18 77 11
Interim report January - June 2007
| Source: Nederman Holding AB
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