INTERIM REPORT 1 APRIL - 30 SEPTEMBER 2020

SECOND QUARTER (1 JULY - 30 SEPTEMBER 2020)

  • Net sales decreased by 7 percent and amounted to SEK 2,723 million (2,917). Covid-19 is estimated to have affected net sales negatively by approximately 8 percent.
  • Operating profit before amortisation of intangible non-current assets (EBITA) decreased by 19 percent and amounted to SEK 306 million (380) corresponding to an EBITA margin of 11.2 percent (13.0). 
  • Operating profit decreased by 26 percent and amounted to SEK 242 million (329) corresponding to an operating margin of 8.9 percent (11.2).
  • Profit after tax decreased by 24 percent and amounted to SEK 181 million (240) and earnings per share before dilution amounted to SEK 0.65 (0.85). 
  • The number of shares in the company has been increased by splitting each existing share, regardless of series, into four shares (what is referred to as 4:1 share split).


PERIOD (1 APRIL - 30 SEPTEMBER 2020)

  • Net sales decreased by 6 percent and amounted to SEK 5,528 million (5,851). Covid-19 is estimated to have affected net sales negatively by approximately 7 percent.
  • Operating profit before amortisation of intangible non-current assets (EBITA) decreased by 15 percent and amounted to SEK 612 million (721) corresponding to an EBITA margin of 11.1 percent (12.3). 
  • Operating profit decreased by 22 percent and amounted to SEK 485 million (621) corresponding to an operating margin of 8.8 percent (10.6).
  • Profit after tax decreased by 22 percent and amounted to SEK 365 million (466) and earnings per share before dilution 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).
  • Return on working capital (P/WC) amounted to 51 percent (56).
  • Return on equity amounted to 26 percent (33) and the equity ratio amounted to 32 percent (32).
  • Cash flow from operating activities amounted to SEK 567 million (519). For the latest twelve month period, cash flow per share from operating activities amounted to SEK 4.35 (3.10).
  • Since the start of the financial year nine acquisitions have been completed, of which two after the end of the period, with total annual sales of about SEK 775 million. 

 

GROUP SUMMARY 3 months 6 months Rolling 12 months
SEKm 30 Sep 2020 30 Sep 2019 30 Sep 2020 30 Sep 2019 30 Sep 2020 31 Mar 2020
Net sales 2,723 2,917 -7% 5,528 5,851 -6% 11,412 11,735
EBITA 306 380 -19% 612 721 -15% 1,255 1,364
EBITA-margin % 11.2 13.0 11.1 12.3 11.0 11.6
Profit after financial items 227 307 -26% 460 593 -22% 972 1,105
Profit for the period 181 240 -24% 365 466 -22% 772 873
Earnings per share before dilution, SEK 0.65 0.85 -24% 1.30 1.70 -24% 2.80 3.20
Earnings per share after dilution, SEK 0.65 0.85 -24% 1.30 1.70 -24% 2.80 3.20
Cash flow from operating activities per share, SEK - - - - 4.35 4.15
Return on equity, % 26 33 26 33 26 32
Equity ratio, % 32 32 32 32 32 36
All calculations of key figures for SEK per share has been restated to take the share split (4:1) completed in September 2020 into account.
Comparisons in parentheses refer to the corresponding period of the previous year, unless stated otherwise.