HABO, Sweden, Aug. 22, 2019 /PRNewswire/ --
The second quarter:
- Order intake was MSEK 2,200.5 (1,531.1), which is an
overall increase of 43.7% adjusted to -7.9% for acquisitions of
MSEK 765.5 and currency effects of MSEK 25
- Net sales were MSEK 2,055.4 (1,421.6), which is an overall
increase of 44.6% adjusted to -4.3% for acquisitions of MSEK 659.3
and currency effects of MSEK 35.2
- Operating profit was MSEK 174.8 (166.6) representing a 4.9%
increase with an operating margin of 8.5 (11.7)%
- Earnings after tax were MSEK 114.5 (93.0), an increase of
23.1%
- Earnings per share were SEK 0.74
(1.02)
- Cash flow from operating activities was MSEK 146.0 (-3.7)
Comments from CEO Bodil
Sonesson:
- Despite some regional challenges, I am pleased with the
performance of the Group for the first half year as well as
iGuzzini's results being as expected.
- To deliver the short to medium term performance improvement I
communicated in Q1, cost reduction actions have taken place in some
businesses with the benefit expected in H2.
- The relationships with iGuzzini colleagues continue to grow and
spread across the Group with involvement in our forums for
purchasing, manufacturing and R&D.
- My learning and activities have been rewarding in understanding
alternatives for the future.
- During the second half year we will progress the strategic
review and alignment to build an even stronger Fagerhult Group for
the future.
Disclosures may be submitted by
Bodil Sonesson, CEO, mobile:
+46-72223-7602 e-mail: bodil.sonesson@fagerhult.se
Michael Wood, CFO, mobile:
+46-73-087-46-47 e-mail: michael.wood@fagerhult.se
This information is inside information that AB Fagerhult (publ)
is obliged to make public pursuant to the EU Market Abuse
Regulation and information that AB Fagerhult (publ) is obliged to
make public pursuant to the Securities Markets Act.
The information was submitted for publication, through the
agency of the contact person set out above, at 11:35 CET on August 22,
2019.
This information was brought to you by Cision
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Fagerhult, Interim
Report January-June 2019
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SOURCE Fagerhult