Good growth and improvement in profit margin. Significant business secured for the Bulten division
THIRD QUARTERNet sales reached SEK 714 million (649), up 10.0% on the same period last year.
Earnings (EBIT) adjusted for non-recurring items were SEK 29 million (11), which corresponds to an adjusted operating margin of 4.0% (1.8).
Earnings (EBIT) reached SEK 24 million (11), which corresponds to an operating margin of 3.4% (1.8).
Profit after tax was SEK 14 million (3) and SEK 18 million (3) when adjusted for non-recurring items for restructuring measures.
Order bookings amounted to SEK 698 million (610), up 14.5% on the same period last year.
Cash flow from current activities was SEK 19 million (-84).
Earnings per share were SEK 0.68 (0.15). Adjusted for non-recurring items, earnings per share were SEK 0.83 (0.15).
A significant new full-service contract worth approximately EUR 35 million annually was signed by Bulten division, with start planned for early 2014.
Restructuring of the foundry business within Finnveden Metal Structures division continues and has highest priority.
