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Interim report January-September 2011

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Strong sales and profit trend continues

  • Net revenues amounted to MSEK 697 (575) for the third quarter and MSEK 2,162 (1,671) for the January-September period
  • Profit after financial items amounted to MSEK 105.3 (100.2) for the third quarter and MSEK 337.1 (303.8) for the January-September period
  • The operating margin was 15.6 percent (17.8) for the third quarter and 16.0 percent (18.6) for the January-September period
  • Earnings per share totaled SEK 2.47 (2.39) for the third quarter and SEK 8.05 (7.40) for the January-September period
  • The balance sheet remained strong and the net debt/equity ratio was 1.2 percent (neg: 3.6)

Group
Demand remained favorable during the quarter. Invoicing in comparable units rose 15 percent. All three subsidiaries grew organically, with the highest growth reported by Habia. Order bookings in comparable units rose 9 percent.

The increase in volumes had a positive impact on profitability, while higher prices for input materials and price pressure in certain customer segments resulted in weaker margins. Profit after financial items amounted to MSEK 105.3 (100.2) for the quarter.

During the third quarter, order bookings amounted to MSEK 677 (589), up 15 percent. Invoicing rose 21 percent to MSEK 697 (575). In comparable units, order bookings increased 9 percent and invoicing 15 percent. Adjusted for currency effects, order bookings in comparable units rose 11 percent and invoicing 17 percent.

Operating profit totaled MSEK 109.0 (102.2) and the operating margin was 15.6 percent (17.8). Profit after financial items amounted to 105.3 MSEK (100.2). Earnings per share after tax totaled SEK 2.47 (2.39). Cash flow after capital expenditures amounted to MSEK 77.6 (54.8).

During the January-September period, order bookings increased 29 percent to MSEK 2,199 (1,707). Invoicing amounted to MSEK 2,162 (1,671), up 29 percent. In comparable units, order bookings rose 11 percent and invoicing 12 percent. Adjusted for currency effects, order bookings in comparable units rose 16 percent and invoicing 17 percent.

Operating profit amounted to MSEK 346.4 (310.2) and the operating margin was 16.0 percent (18.6). Profit after financial items totaled MSEK 337.1 (303.8). Earnings per share after tax amounted to SEK 8.05 (7.40).

Cash flow after capital expenditures totaled MSEK 123.6 (127.3). Cash flow was charged with corporate acquisitions amounting to MSEK 71.9 (65.0). Net debt at the end of the quarter totaled MSEK 17.3 (net cash: 48.4).

If you have any questions, please contact:
Bertil Persson, President and CEO, Telephone +46 8 506 427 50, bertil.persson@beijeralma.se
Jan Blomén, Chief Financial Officer, Telephone +46 18 15 71 60, jan.blomen@beijeralma.se

Read more at: www.beijeralma.se

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