Interim report, January – September 2010
Continued positive development of incoming orders and profitability
Quarter 3
- Incoming orders amounted to SEK 470.9m (203.2), which adjusted is an increase by 17.4% *)
- Net sales amounted to SEK 508.1m (239.8), which adjusted is an increase by 1.2%. *)
- Operating profit was SEK 12.9m (8.6). The operating margin was 2.5% (3.6).
- Operating profit excluding acquisition and restructuring costs was SEK 32.5m (11.3). The adjusted operating margin was 6.4% (4.7).
- Net profit was SEK 2.2m (4.6).
- Earnings per share were SEK 0.19 (0.40).
- During the period it was decided to move the production at the plant at Arboga, Sweden to the plant at Marki, Poland. This will strengthen the competiveness and is part of the integration between Nederman and Dantherm Filtration.
January - September
- Incoming orders amounted to SEK 1,170.5m (749.5), which adjusted is an increase by 4.1% *)
- Net sales amounted to SEK 1,172.3m (792.7), which adjusted is a decline by 4.2%. *)
- Operating profit was SEK 33.7m (11.6). The operating margin was 2.9% (1.5).
- Operating profit excluding acquisition and restructuring costs was SEK 67.6m (21.6). The adjusted operating margin was 5.8% (2.7).
- Net profit was SEK 10.8m (3.0)
- Earnings per share were SEK 0.92 (0.26).
*) Adjusted for currency effects and acquisitions.
CEO’S comments
“Just as we did in the previous quarter, we are reporting good organic growth in orders in Q3. The profitability and net debt have improved further during the quarter and we began to implement concrete measures as part of the integration of Dantherm Filtration. The decision to move activities from Arboga to our plant in Poland will boost the Group’s competitiveness.”
Sven Kristensson, CEO.
Further information can be obtained from
Sven Kristensson, CEO Stefan Fristedt, CFO
Telephone +46 (0)42-18 87 00 Telephone +46 (0)42-18 87 00
e-mail: sven.kristensson@nederman.se e-mail: stefan.fristedt@nederman.se
For further information, see Nederman’s website www.nederman.com