English

Interim report January-June 2011

Report this content

Savings and restructuring programme initiated,
sales turnover growing

  • Sales for comparable units in the Group, +17% in Q2
  • Over 30% growth in Q2 and good profitability for comparable units within Engine Efficiency
  • Operating loss reduced by SEK 22.6 million between Q1 and Q2
  • Order book up SEK 55 million on Q1, reached SEK 731 million
  • Savings and restructuring programme expanded, savings of over SEK 40 million into 2012
  • Large order for bioenergy plants in Sweden and UK

Q2, April-June 2011*

  • Net sales amounted to SEK 158.2 million (135.2 m)
  • Operating loss (EBITDA) was SEK 1.7 million (–4.8 m)
  • Operating loss (EBIT) was SEK 10.8 million (–13.1 m)
  • Loss after tax of SEK 11.5 million (–10.5 m)
  • Earnings per share SEK –0.50 (–0.42)

Q1-Q2, January-June 2011*

  • Net sales amounted to SEK 283.4 million (269.2 m)
  • Operating loss (EBITDA) was SEK 26.2 million (–42.9 m)
  • Operating loss (EBIT) was SEK 44.2 million (–58.7 m)
  • Loss after tax of SEK 37.3 million (–45.0 m)
  • Earnings per share SEK –1.56 (–1.83)

Significant events after the end of the period

  • Order from China worth at least SEK 60 million within compressor technology
  • Directed issue of 875,000 shares to GEM as part of financing facility
  • Sale of Engine Efficiency business area started
  • Board intends to call Extra General Meeting to decide on preferential share issue of around

SEK 100 million to secure financial freedom of action, liquidity and growth

For further information

  • Rolf Hasselström, President and CEO: +46 8 466 45 00, +46 70 594 79 60
  • Niklas Johansson, deputy CEO, Investor Relations: +46 8 466 45 11, +46 70 592 54 53
  • Göran Falkenström, deputy CEO and CFO: +46 532 611 22, +46 70 330 05 02

*Comparable figures for 2010 have been adjusted to account for the divestment in September 2010 of the Mobility Products business area in order to assist comparisons, and the figures are therefore different to those reported.

Documents & Links