GROUP DEVELOPMENT

Sales development
Net sales in the Addtech Group decreased in the second quarter by 7 percent to SEK 2,723 million (2,917). The organic effect amounted to -10 percent, acquired growth amounted to 6 percent. Exchange rate changes had a negative effect of 3 percent on net sales, corresponding to SEK 80 million.

Net sales in the Addtech Group decreased during the period by 6 percent to SEK 5,528 million (5,851). The organic effect amounted to -9 percent, acquired growth amounted to 5 percent. Exchange rate changes had a negative effect of 2 percent on net sales, corresponding to SEK 126 million.

Profit development
Operating profit decreased during the quarter by 26 percent to SEK 242 million (329) and the operating margin amounted to 8.9 percent (11.2). Net financial items amounted to SEK -15 million (-22) and profit after financial items decreased by 26 percent to SEK 227 million (307).

Profit after tax decreased by 24 percent to SEK 181 million (240) corresponding to earnings per share before dilution of SEK 0.65 (0.85). 

EBITA for the period amounted to SEK 612 million (721), representing a decrease of 15 percent. Operating profit decreased during the period by 22 percent to SEK 485 million (621) and the operating margin amounted to 8.8 percent (10.6). Net financial items were SEK -25 million (-28) and profit after financial items decreased by 22 percent to SEK 460 million (593). 

Profit after tax for the period decreased by 22 percent to SEK 365 million (466) and the effective tax rate amounted to 21 percent (21).  Earnings per share before dilution for the period amounted to SEK 1.30 (1.70). For the latest twelve month period, earnings per share before dilution amounted to SEK 2.80 (2.90).