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Interim Report, January–September 2012

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Third quarter:

  • Net sales were MSEK 186.9 (203.5).
  • Operating income was MSEK 10.7 (4.4) including non-recurring items of MSEK -1.2 (-1.4).
  • The operating margin was 5.7 (2.2) percent.
  • Profit after tax was MSEK 6.2 (0.8). Earnings per share were SEK 0.54 (0.07).
  • Cash flow after investments was MSEK 29.5 (7.8).

CEO’s comment:

Demand on our main markets remained poor in the third quarter, and sales were down by 8.2 percent year on year. Our judgment is that we retained market shares.

The cost reduction work we’ve begun generated a saving of MSEK 7.8 in the quarter. More work on cost reduction is ongoing. Our operating income was MSEK 10.7 (4.4) despite lower volumes. The improvement is primarily explained by the above savings program and income in the corresponding period of 2011 being charged with a market valuation of brass contracts of MSEK -8.9.

Our activities for future product development are increasing and are consistent with our endeavor to retain the strongest product range on the market. We are also intensifying our marketing initiatives in all three geographical segments.

Download entire report here

Reporting calendar:

Year-end Report                 27 February 2013

Annual General Meeting      7 May 2013

Interim Report Q1 2013       8 May 2013

Interim Report Q2 2013     29 August 2013

 

For more information, please contact:

Claes Seldeby, CEO
Tel. +46 (0)250 596405

Anne-Charlotte Eggwertz, CFO
Tel. +46 (0)250 596225

Ostnor conducts the sale, manufacture and product development of taps under the strong and well-established products brands, FM Mattsson and Mora Armatur. The Nordic region is the Company’s principal market. Ostnor has sales of over 900 MSEK and some 475 full-time employees. Operations are concentrated in Mora, Sweden, where the head office is also located.

Tags:

Claes Seldeby Ostnor FM Mattsson Mora Armatur Claes Seldeby CEO

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