ProfilGruppen AB: Lower turnover and higher margin
This is a translation of the Swedish version of the report. In case of any discrepancies, the Swedish version shall prevail.
First quarter
- Turnover MSEK 581.2 (683.8), down 15 percent compared to the previous year
- EBITDA MSEK 66.5 (53.7)
- Operating profit MSEK 43.6 (31.8) and operating margin 7.5 percent (4.7)
- Net profit MSEK 27.5 (19.0)
- Cash flow from operating activities MSEK 35.4 (196.7)
- Earnings per share SEK 3.43 (2.21) (no dilution exists)
- Calculational estimations show that the profitability level continuously needs to be raised significantly
Profit with altered allocation of metal cost
- Total profit amounts to MSEK 50.2 (27.9)
- Of which adjusted operating profit MSEK 50.1 (30.2), corresponding to 8.6 percent 5.2 of turnover and result of metal position at risk MSEK 0.1 (-3.2)
- Adjusted net profit MSEK 32.6 (15.7)
- Adjusted earnings per share SEK 4.13 (1.78)
Mari Kadowaki, CEO and President of ProfilGruppen, comments:
Despite a difference between market segments and weak economy, we manage to maintain and improve our results. The ongoing work of phasing out unprofitable business and developing relationships and business portfolio with customers who appreciate our flexible production and delivery service is yielding results.
At the same time, work is in progress to streamline our production and supply chains.