January–June 2011 (reporting period)
Net sales SEK 496 M (397)
Order intake SEK 524 M (475)
EBITDA SEK 23.4 M (14.6)
Operating profit SEK 14.3 M (4.8)
Profit before tax SEK 9.8 M (8.7)
Earnings per share SEK 1.09 (0.76)
Cash flow from operating activities SEK 4.0 M (-25.9)
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Net sales rose by 25 per cent. Adjusted for acquisitions, the increase was 19 per cent.
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Foreign exchange effects had a negative impact of SEK 5.8 on the period’s profit before tax.
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On 22 June 2011, Kamic Electronics directed a cash tender offer of SEK 38 per share to the shareholders ElektronikGruppen.
- After the end of the reporting period, the Production Technology business area won a major order for production equipment. The order is worth approximately SEK 30 M and is scheduled for delivery in the third and fourth quarters of the year.
April–June 2011 (second quarter)
Net sales SEK 268 M (213)
Order intake SEK 232 M (266)
EBITDA SEK 14.7 M (9.6)
Operating profit SEK 10.5 M (4.5)
Profit before tax SEK 9.4 M (5.5)
Earnings per share SEK 1.08 (0.68)
Cash flow from operating activities SEK -11.0 M (-13.5)
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Net sales for the second quarter were up by 26 per cent. Adjusted for acquisitions, the increase was 17 per cent.
- Foreign exchange effects had only a marginal impact on profit for the quarter.
For further information contact
Fredrik Celsing, President and CEO, telephone +46 8 759 35 55, or
Håkan Lundgren, Head of Corporate Communications, telephone +46 8 759 35 79
The information in this report is subject to the disclosure requirements of ElektronikGruppen under the Act on Stock Exchange and Clearing Operations, the Act on Trading in Financial Instruments or NASDAQ OMX Stockholm’s Rules for Issuers. The information was submitted for publication on 15 July 2011, 09.00 CET.
ElektronikGruppen is one of the Nordic region's leading suppliers of high-tech electronic components, systems and production equipment for the electronics industry. The Group consists of some 15 companies that are organised in three business areas. Together, the companies are active in 11 countries in Northern Europe and Asia. The Group recorded net sales of SEK 922 M in 2010. The share is quoted on NASDAQ OMX Nordic in Stockholm.
