GROUP DEVELOPMENT

Sales development

Net sales in the Addtech Group increased during the period by 21 percent to SEK 2,395 million (1,979). The organic growth amounted to 9 percent and acquisitions and divestments had a positive effect of 8 percent. Exchange rate changes had a positive effect of 4 percent on net sales, corresponding to SEK 74 million.

Profit development

Operating profit increased during the period by 22 percent to SEK 221 million (181 including items affecting comparability of SEK +12 million) and the operating margin amounted to 9.2 percent (9.1). Net financial items amounted to SEK -16 million (-4) and the difference from last year is mainly due to revaluation of outstanding derivatives. Profit after financial items increased by 16 percent to SEK 205 million (177). Profit after tax for the period increased by 13 percent to SEK 162 million (143) and the effective tax rate amounted to 21 percent (19). Earnings per share before dilution for the period amounted to SEK 2.35 (2.10).