Observer AB (publ) Interim report January-June 2005
Gradual improvement in sales in Europe generated two percent growth in second quarter• The Group’s operating revenue rose to SEK 856.0 million (811.4). Exchange rate effects from the translation to Swedish kronor affected revenue negatively by SEK 12 million compared with the corresponding period of the previous year. Organic growth in local currency was 1 percent (-1). In the second quarter, organic growth reached 2 percent. • Operating profit, EBIT, amounted to SEK 86.2 million (99.5). Exchange rate effects impacted profit negatively by SEK 3.4 million compared with the year-on-year