Interim Report | Financials | 20 Aug, 2015 | 18:32 | Regulatory
Interim Report January - June 2015
· The order intake was MSEK 2,066.7 (1,951.8), which is an increase of 1 per cent after adjusting for currency effects and acquired units.
· Net sales were MSEK 1,864.5 (1,829.8), which is a decrease of 5 per cent after adjusting for currency effects and acquired units.
· The operating profit was MSEK 160.9 (169.6), representing an operating margin of 8.6 (9.3) per cent.
· The profit after tax was MSEK 111.9 (114.0).
· Earnings per share were SEK 2.96 (3.01).
· Cash flow from operating activities was MSEK 129.6 (113.6).
Comments by CEO Johan Hjertonsson:
- A very good order intake of MSEK 1,091 (969) in the second quarter, an increase by 13 %, which makes this quarter the best yet for the Group.
- Our strong offering to the healthcare sector is yielding fruit, as shown by our strong order intake from large hospitals in Australia, the UK and other countries.
- The order backlog at the end of the first half of the year was MSEK 160 higher than at the same date in 2014.
- A stable quarter in which we achieved sales and earnings at the same high level as in the second quarter of 2014.
- Through the agreement to acquire the assets of Lighting Innovations in South Africa we are establishing a presence in the dynamic Sub-Saharan Africa region, which has great growth potential. We expect to finalise the acquisition in the second half of the year.
- The LED lighting share of net sales continues to expand.
- Market growth over the period remained brisk in the UK and was stable in Scandinavia but lower in parts of the eurozone.