Elos Interim report 1 January – 30 September 2014

• Net sales for continuing operations amounted to SEK 274.7 M (271.6), corresponding to a decline of 1.3%*. Order bookings for continuing operations totalled SEK 301.4 M (273.6), up 7.7%*.
• Operating profit for continuing operations totalled SEK 24.5 M (17.8). The higher earnings resulted primarily from continued improved efficiency.
• Profit after net financial items for continuing operations was SEK 22.8 M (13.2). Net financial items were positively impacted by exchange-rate differences of SEK 1.9 M (0.0).
• Profit after tax for continuing operations amounted to SEK 18.8 M (10.6), corresponding to SEK 3.11 (1.75) per share. Profit after tax including discontinued operations was SEK 115.9 M (24.2), corresponding to SEK 19.15 (4.00) per share. Profit after tax includes SEK 91.9 M pertaining to gains from the divestment of subsidiaries.
• Cash flow after investments for continuing operations amounted to SEK 33.1 M (39.0). 
• Current President will leave his position on 31 January 2015. New President is appointed and will take office on 1 February 2015 (see separate press release).

 * Adjusted for exchange-rate fluctuations during the year.

President Göran Brorsson’s comments:

“The continued positive earnings trend, with a 35% improvement in operating profit compared with the year-earlier period, is proof that the implemented and ongoing efforts to streamline our operations have generated results. Although the delivery volume during the quarter was slightly weaker than we anticipated, our growth trend remains positive since order bookings to date this year show an increase of 7.7%. This will generate higher deliveries in the fourth quarter and early 2015.

 “The implemented sale of the Metrology business area will generate excellent opportunities for forceful expansion of the medical-technology operations. Expansion will primarily occur through acquisitions, which will develop and strengthen our market position in existing market segments. The objective is to create a global structure in order to become a more attractive partner to our existing and new customers.”

For further information, please contact: Göran Brorsson, CEO, phone 46 510 48 43 65, mobile 46 705 11 78 60, e-mail goran.brorsson@elos.se 
or Ulrica Ehn, CFO, phone 46 510 48 43 67, mobile 46 702 72 11 61, e-mail ulrica.ehn@elos.se

The information in this interim report is such that Elos AB (publ) must disclose in accordance with the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was released on 24 October at 08.00 (CET).

For additional information Elos Group, visit www.elos.se

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