Interim report January – June 2018
Kai Wärn, President and CEO:“Demand in the forest and garden markets was strong in the second quarter, following the slow, weather-impacted start to the season in the first quarter. Sales for the Group grew 7% currency adjusted in the quarter as all three profitable growth divisions continued to develop positively. Operating income for our three divisions in profitable growth increased, but this was more than offset by a weaker development for the Consumer Brands Division. Operating income was negatively impacted by higher raw material costs, a strained supply chain and continued