Interim report from ProfilGruppen AB (publ), January 1 – March 31 2014
Weak earnings improvement – The Board proposes rights issue of approximately SEK 40 million
First quarter
- Turnover MSEK 202.7 (179.8), up 13 percent compared to previous year
- Operating profit MSEK -2.3 (-4.5).
- Net income MSEK 0.5 (-4.5)
- Cash flow from ongoing operations MSEK 3.8 (-5.8)
- Earnings per share SEK 0.10 (-0.91)
- Guaranteed rights issue of approximately SEK 40 million is proposed
Kåre Wetterberg, acting CEO of ProfilGruppen, comments:
"The reinforcement of the sales organisation is beginning to materialise into increased volumes, above all in Sweden which increases by 24 percent compared to a weak first quarter last year. Also the delivery volumes to the export markets have increased. Unfortunately we still have a number of old agreements, which over time, has become disadvantageous for us. As a consequence the result improvement takes longer time.”
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For more information, please contact:
Kåre Wetterberg, acting CEO
Mobile +46 (0)70-656 40 14
E-mail: kare.wetterberg@profilgruppen.se
Peter Schön, CFO
Mobile +46 (0)70-339 89 99
E-mail: peter.schon@profilgruppen.se
ProfilGruppen is a supplier of customised aluminium extrusions and components. For income, financial position, key figures and other facts about the Group, see pages 4-12. Current information and photographs for free publication are available at www.profilgruppen.se.
This information is published in accordance with applicable laws, listing agreements and regulations.
The information was submitted for publication at 08.00 CET on April 23, 2014.
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