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Interim Report | Financials | 22 Aug, 2019 | 11:36 | Regulatory
Interim Report January-June 2019
The second quarter:
· Order intake was MSEK 2,200.5 (1,531.1), which is an overall increase of 43.7% adjusted to -7.9% for acquisitions of MSEK 765.5 and currency effects of MSEK 25
· Net sales were MSEK 2,055.4 (1,421.6), which is an overall increase of 44.6% adjusted to -4.3% for acquisitions of MSEK 659.3 and currency effects of MSEK 35.2
· Operating profit was MSEK 174.8 (166.6) representing a 4.9% increase with an operating margin of 8.5 (11.7)%
· Earnings after tax were MSEK 114.5 (93.0), an increase of 23.1%
· Earnings per share were SEK 0.74 (1.02)
· Cash flow from operating activities was MSEK 146.0 (-3.7)
Comments from CEO Bodil Sonesson:
- Despite some regional challenges, I am pleased with the performance of the Group for the first half year as well as iGuzzini’s results being as expected.
- To deliver the short to medium term performance improvement I communicated in Q1, cost reduction actions have taken place in some businesses with the benefit expected in H2.
- The relationships with iGuzzini colleagues continue to grow and spread across the Group with involvement in our forums for purchasing, manufacturing and R&D.
- My learning and activities have been rewarding in understanding alternatives for the future.
- During the second half year we will progress the strategic review and alignment to build an even stronger Fagerhult Group for the future.