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High production but low profit in the quarter

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Fourth quarter

  • Turnover MSEK 371.6 (381.9), down 3 percent compared to previous year
  • Operating profit MSEK 5.3 (22.7), after financial support of MSEK 2.4 (0.0) and non-recurring costs of MSEK 10,0 (0.0)  
  • Operating margin 1.4 percent (5.9)
  • Net income MSEK 7.4 (18.9)
  • Cash flow from operating activities MSEK 111.4 (33.2), of which MSEK 63.1 (0.0) from financial support
  • Earnings per share SEK 0.86 kr (2.42)

Year 2020

  • Turnover MSEK 1,414.4 (1,622.1), down 13 percent compared to previous year
  • Operating profit MSEK 36.4 (113.2), after financial support of MSEK 19.2 (0.0)
  • Operating margin 2.6 percent (7.0)
  • Net income MSEK 23.9 (80.5)
  • Cash flow from operating activities MSEK 179.4 (110.7), of which MSEK 101.9 (0.0) from financial support
  • Earnings per share SEK 2.45 (9.98)
  • The Board proposes that no dividend will be paid (none)

Fredrik Zöögling, CEO and President of ProfilGruppen, comments:

”In terms of volume the fourth quarter has meant a recovery to the previous year’s levels, but with lower prices. Considering the second wave of the pandemic hit us in Novbember it is a strong achievement by the organization to deliver at the requested level. Despite the effort we are not able to see the positive effect on the result, which is due to a continued unfavourable product mix.

We are working hard to secure additional volumes at higher margins, streamline our production and our internal processes.“

This report contains inside information that ProfilGruppen is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the contact person, on 09-02-2021 14:00 CET.

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For more information, please contact:
Fredrik Zöögling, President and CEO
Mobile: +46 (0)70-932 16 50
E-mail: fredrik.zoogling@profilgruppen.se                        

 
Niklas Danielsson, CFO 
Mobile: +46 (0)70-626 95 37
E-mail: niklas.danielsson@profilgruppen.se

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ProfilGruppen is a supplier of customised aluminium extrusions and components. Current information and photographs for free publication are available at www.profilgruppen.se

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aluminium ProfilGruppen Aseda

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