Interim report Q2 2019
Second quarter 2019
● Incoming orders rose 2% to SEK 847 million (834)
● Net sales rose 6% to SEK 848 million (802)
● Operating profit was SEK 90 million (89)
● EBITA stood at SEK 93 million (94)
● Profit after tax rose 4% to SEK 69 million (67)
● Earnings per share were SEK 3.01 (2.89)
January – June 2019
● Incoming orders rose 6% to SEK 1,717 million (1,614)
● Net sales rose 9% to SEK 1,694 million (1,559)
● Operating profit rose 11% to SEK 189 million (170)
● EBITA rose 9% to SEK 196 million (180)
● Profit after tax rose 15% to SEK 147 million (129)
● Earnings per share were SEK 6.38 (5.56)
This information is of such a nature that its disclosure by OEM International AB (publ.) is required under the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was provided for publication on 12 July 2019 at 11.00 CET by Jan Cnattingius.
For further information, please contact the Managing Director, Jörgen Zahlin, on +46 (0)75-242 40 22 or the Finance Director, Jan Cnattingius, on +46 (0)75-242 40 03.
One of Europe's leading technology trading companies with 33 operating entities in 14 countries
For 40 years, OEM's idea has been to serve as a link that creates value between customers and manufacturers of industrial components and systems. Over the years, the company has grown from a small, family-owned business in Tranås in southern Sweden into an international technology trading group operating in 14 countries in northern Europe, Central Eastern Europe, the UK and China. OEM has partnerships with more than 300 leading and specialist manufacturers and is responsible for their sales in selected markets. Its range comprises more than 50,000 products in the areas of electrical components, flow technology, motors, transmissions and brakes, ball bearings and seals, appliance components and installation components. The Group has a customer base of more than 25,000 businesses, primarily in the manufacturing sector. The company's high level of expertise enables it to help customers increase purchasing efficiency and choose the right components.