Studsvik’s Interim Report for the Second Quarter 2017
- Sales in the quarter were SEK 176.6 (176.3) million. In local currencies sales increased by 2 per cent.
- The operating profit for the quarter amounted to SEK –19.4 (–1.2) million. Items
affecting comparability reduced earnings by SEK –1.9 (–5.0) million. The deterioration is mainly due to weak capacity utilization in the German consulting operations and to no new sales of the THOR technology being made. - Free cash flow for the quarter was SEK –38.9 (–29.2) million.
| April-June2017 | April-June2016 | Jan-June2017 | Jan-June2016 | Full year2016 | |
| Sales, SEK million | 176.6 | 176.3 | 356.2 | 347.9 | 758.8 |
| Operating profit, SEK million | –19.4 | –1.2 | –21.4 | 9.5 | 24.7 |
| Profit after tax, SEK million | –24.0 | 1.7 | –32.5 | 7.6 | 17.0 |
| Free cash flow, SEK million* | –38.9 | –29.2 | –43.1 | –31.3 | 129.6 |
| Net debt, SEK million | 58.3 | 174.3 | 58.3 | 174.3 | 2.9 |
| Net debt/equity ratio, % | 18.9 | 65.0 | 18.9 | 65.0 | 0.8 |
| Profit per share after tax, SEK | –2.91 | 0.20 | –3.95 | 0.92 | 2.07 |
| Equity per share, SEK* | 37.52 | 32.62 | 37.52 | 32.62 | 42.41 |
| * Refers to total operations |
The interim report will be presented at a telephone conference call according to separate distributed invitation at 1:30 PM CEST today.
Please read the full interim report in the attached file.
For further information, please contact:
Michael Mononen, CEO, +46 155 22 10 86 or,
Pål Jarness, CFO, +46 155 22 10 09
Facts about Studsvik
Studsvik offers a range of advanced technical services to the global nuclear power industry. Studsvik’s business focus areas are fuel and materials technology, reactor analysis software and consultancy services within waste treatment technology, decommissioning, NORM and solutions for final disposal. The company has 70 years’ nuclear technology and radiological service experience. Studsvik has 700 employees in 7 countries and the company’s shares are listed on the Nasdaq Stockholm.
This information is information that Studsvik AB (publ) is obliged to disclose pursuant to the EU Market Abuse Regulation. The information was released for public disclosure, through the agency of the contact persons above, on July 21, 2017, at 12:30 (CEST).
www.studsvik.com