Growth and improved result
THIRD QUARTER 2010
• Net sales amounted to SEK 1,273 M (917), which represents an increase of 39 percent. Shipped tonnage rose by 24 percent.
• The operating result improved to SEK 48 M (loss 44) as a consequence of increased tonnage, higher prices and inventory gains of SEK 16 M (losses 35). Profit after tax was SEK 26 M (loss 46).
• Underlying EBITA 1) increased to SEK 37 M (loss 7) and the underlying EBITA margin to 2.9 percent (negative 0.8).
• Earnings per share 2) rose to SEK 0.52 (loss 0.92) and underlying earnings per share 2) to SEK 0.29 (loss 0.39).
• After the end of the quarter, BE Group acquired the Swedish steel construction company Lecor Stålteknik. The acquisition is in line with BE Group’s strategy to strengthen and broaden its production service offering.
THE FIRST NINE MONTHS OF 2010
• Net sales rose 14 percent to SEK 3,746 M (3,297), with shipped tonnage rising 16 percent.
• The operating result improved to SEK 106 M (loss 233).
• Underlying EBITA 1) amounted to SEK 76 M (loss 5) with a margin of 2.0 percent (negative 0.2).
• Earnings per share 2) rose to SEK 0.95 (loss 4.31) and underlying earnings per share 2) to SEK 0.37 (loss 0.90).
1) Definitions page 18.
2) Earnings per share are both before and after dilution.
Please see attachement for the full report.
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