News : Q1 2012

INVESTMENTS REDUCE PROFIT
FIRST QUARTER
JANUARY 1 – MARCH 31, 2012

· The Group’s net sales decreased by 7 percent to SEK 140.5 million (151.3). Excluding currency effects, sales were down 8 percent.
· The gross profit margin was 48.0 percent (50.4).
· Operating profit amounted to SEK 14.6 million (28.4).
· Profit after tax amounted to SEK 9.3 million (20.7).
· Earnings per share amounted to SEK 0.44...

Strengthened cash flow but negative earnings as forecast
-    continued challenges in 2012
-    4Excellence measures corresponding to SEK 5 billion to be implemented
Key ratios January-March 2012

· Revenue: MSEK 9,591 (9,313)
· Number of passengers: increased by 323,000 (5.3%)
· Income before tax and nonrecurring items: MSEK -1,049 (-509)
· EBT margin before nonrecurring items: -10.9% (‑5.5%)
· Income...

Highlights of the first quarter of 2012

· Net sales amounted to SEK 25,875m (23,436) and income for the period was SEK 559m (457), or SEK 1.96 (1.61) per share.
 

· Net sales improved by 10.4%, of which 3.5% was organic growth.
 

· The acquisitions of CTI and Olympic Group impacted sales by 5.8%.
 

· Strong organic growth, especially in emerging markets, contributed to the positive development of net...

Stable core business despite price competition

· Net sales in local currencies and excluding acquisitions increased 2.9 percent. In reported currency, net sales increased 3.5 percent to SEK 25,693 million (24,835).
· The addressable cost base in local currencies and excluding acquisitions decreased 2.1 percent. In reported currency, the addressable cost base decreased 1.7 percent to SEK 7,440 million...