GROUP DEVELOPMENT
Sales development
Net sales in the Addtech Group increased in the second quarter by 14 percent to SEK 1,892 million (1,658). The organic growth amounted to 9 percent, acquired growth amounted to 7 percent and disposal affected by -2 percent. Exchange rate changes had a marginally negative effect on net sales, corresponding to SEK 2 million, and a marginally negative effect on operating profit.
Net sales in the Addtech Group increased during the period by 13 percent to SEK 3,871 million (3,418). The organic growth amounted to 6 percent, acquired growth amounted to 7 percent and disposal affected by -1 percent. Exchange rate changes had positive effect of 1 percent on net sales, corresponding to SEK 35 million, and a marginally positive effect on operating profit.
Profit development
Operating profit increased during the quarter by 16 percent to SEK 181 million (156) and the operating margin amounted to 9.6 percent (9.4). Net financial items amounted to SEK -8 million (-1) and profit after financial items increased by 12 percent to SEK 173 million (155). Profit after tax increased by 12 percent to SEK 135 million (121) corresponding to earnings per share before dilution of SEK 1.95 (1.80). For the latest twelve month period, earnings per share before dilution amounted to SEK 7.20 (5.70).
Operating profit increased during the period by 17 percent to SEK 362 million (309) and the operating margin amounted to 9.4 percent (9.0). The profit includes items affecting comparability amounting to a net total of SEK +12 million, which are reported under Other operating income and expenses under Group items. Adjusted operating profit amounted to SEK 350 million (309), corresponding to an operating margin of 9.0 percent (9.0). Net financial items were SEK -12 million (-9) and profit after financial items increased by 17 percent to SEK 350 million (300).
Profit after tax for the period increased by 19 percent to SEK 278 million (234) and the effective tax rate amounted to 21 percent (22). Earnings per share before dilution for the period amounted to SEK 4.05 (3.45).