Interim Report | Financials | 21 Apr, 2015 | 14:35 | Regulatory
Interim Report January–March 2015
· The order intake was MSEK 976.1 (983.3), which is a decrease of 6 per cent adjusted for currency effects and acquired units
· Net sales were MSEK 905.5 (885.5), which is a decrease of 5 per cent adjusted for currency effects and acquired units
· The operating profit was MSEK 72.7 (75.4), representing an operating margin of 8.0 (8.5) per cent
· Earnings after tax were MSEK 51.6 (49.5), an increase of 4 per cent
· Earnings per share were SEK 1.36 (1.31)
· Cash flow from operating activities was MSEK 56.5 (17.5)
Comments from CEO Johan Hjertonsson:
- A stable quarter which consolidates the Group at the same high level as in the first quarter of 2014.
- Cash flow and earnings per share were better than in the previous year.
- The order intake, sales and operating profit continues at a good level.
- The order backlog is at a satisfactory high level.
- The LED share in the period was about 50 per cent.
- Market growth over the period was good in the UK, stable in Scandinavia and lower in large parts of the eurozone.