Interim Report | Financials | 24 Apr, 2014 | 14:06 | Regulatory
Interim Report January - March 2014
· Orders received amounted to MSEK 983.3 (733.1), an increase of 24 % adjusted for currency effects and acquired operations
· Net sales totalled MSEK 885.5 (689.3), an increase of 21 % adjusted for currency effects and acquired operations
· Operating profit was MSEK 75.3 (34.3). The operating margin was 8.5 (5.0) %.
· Profit after tax amounted to MSEK 49.5 (21.2), an increase of 133%
· Earnings per share was SEK 3.92 (1.68)
Comments by CEO Johan Hjertonsson:
- The Group’s best Q1 for orders received, sales and operating profit.
- The Group has increased the market shares in several important markets
- We have increased the order book by almost MSEK 100.
- The quarter includes two large orders in the UK amounting to MSEK 60, of which fifty percent has been invoiced in the first quarter.
- Retained strong gross margins.
- The share of LED solutions amounted to approximately 30 % during the quarter.
- We are of the opinion that the market will continue to improve during the year, but the upturn may be drawn out and will vary between markets.
- The acquisition of Arlight was completed in February but has not had any impact of profit for the quarter, as acquisition costs negate the operating profit.