Financial information: Q3

Q3 – STRONG QUARTER

1,016

Invoicing amounted to MSEK 1,016 (880).

145

Profit after net financial items amounted to MSEK 145 (110) for the quarter.


1.85

Earnings per share amounted to SEK 1.85 (1.36) for the quarter.

74

Cash flow after capital expenditures totaled MSEK 74 (77) for the quarter.


25

The net debt/equity ratio was 25 percent (25).


Invoicing (MSEK)[BARGRAPH{graphname:Invoicing}{title:Q3 17,value:880}{title:Q4 17,value:968}{title:Q1 18,value:1134}{title:Q2 18,value:1216}{title:Q3 18,value:1016}]
Operating profit (MSEK)[BARGRAPH{graphname:Operating profit}{title:Q3 17,value:112,8}{title:Q3 16,value:123}{title:Q1 18,value:159}{title:Q2 18,value:183}{title:Q3 18,value:145}]

BEIJER ALMA IN BRIEF

The industrial economy remained strong, which had a positive impact on demand. The increase in order bookings and invoicing was far-reaching in terms of industry and geographic market. However, demand from the telecom sector was lower than in the preceding quarter.

Order bookings during the quarter amounted to MSEK 1,052 (912), up 15 percent. Excluding corporate acquisitions and fluctuations in exchange rates, the increase was 10 percent. Invoicing increased 15 percent to MSEK 1,016 (880). Excluding corporate acquisitions and fluctuations in exchange rates, the increase was 10 percent. All of the subsidiaries increase their order bookings and invoicing. This upswing was far-reaching and included most of the industries served by the Group companies, with the exception pf the telecom sector.

Operating profit amounted to MSEK 148 (113) and profit after net financial items to MSEK 145 (110). Earnings per share totaled SEK 1.85 (1.36). Cash flow after capital expenditures amounted to MSEK 97 (156).

Order bookings for the January to September period totaled MSEK 3,579 (3,024), up 18 percent. Excluding corporate acquisitions and fluctuations in exchange rates, the increase was 14 percent. Invoicing amounted to MSEK 3,366 (3,003), up 12 percent. Excluding corporate acquisitions and fluctuations in exchange rates, the increase was 8 percent.

Operating profit for the January to September period amounted to MSEK 494 (420) and profit after net financial items to MSEK 483 (394). Signed forward agreements and fluctuations in exchange rates had a net positive impact of approximately MSEK 10 on earnings, most of which was attributable to Lesjöfors. Earnings per share totaled SEK 6.06 (4.91). Cash flow after capital expenditures amounted to MSEK 174 (118). Cash flow for the year was charged with corporate acquisition payments of MSEK 3 (84).


LESJÖFORS IN BRIEF

Lesjöfors is a full-range supplier of standard and specially produced industrial springs as well as wire and flat strip components. The company is a dominant player in the Nordic region and one of the largest companies in its industry in Europe. Lesjöfors has manufacturing operations in Sweden, Denmark, Finland, Germany, Latvia, the UK, Slovakia, the US, Mexico, Singapore, Thailand and China.

Lesjöfors conducts its operations in two areas: Industry and Chassis Springs. Both areas experienced high demand and favorable growth. Order bookings in the fourth quarter increased 11 percent to MSEK 611 (551). Invoicing amounted to MSEK 614 (528), up 16 percent. Operating profit during the third quarter totaled MSEK 121 (102).

Lesjöfors conducts its operations in two areas: Industry and Chassis Springs. Both areas experienced high demand and favorable growth. Order bookings in the fourth quarter increased 11 percent to MSEK 611 (551). Invoicing amounted to MSEK 614 (528), up 16 percent. Operating profit during the third quarter totaled MSEK 121 (102).

Industry reported favorable demand from most of its customer groups and geographic markets, driven by a strong industrial economy. Invoicing increased 13 percent, corresponding to invoicing of MSEK 437 (386) for the quarter.

Chassis Springs is seasonal in nature, with higher invoicing during the first half of the year and a weaker season beginning in the third quarter. Growth continued during the third quarter and invoicing amounted to MSEK 178 (142), up 25 percent. This upswing was far-reaching in terms of geographic markets.

Order bookings for the January to September period amounted to MSEK 2,035 (1,828), up 11 percent. Invoicing increased 13 percent to MSEK 2,042 (1,800). Invoicing amounted to MSEK 1,404 (1,250) in Industry and MSEK 638 (550) in Chassis Springs. Operating profit totaled MSEK 425 (374).

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HABIA CABLE IN BRIEF

Habia Cable is one of Europe’s largest manufacturers of custom-designed cables for customers in the telecom, transport, nuclear power, defense and other industries. The operations are conducted in the areas of Telecom and Other Industry. The company has manufacturing operations in Sweden, Germany, China and Poland, and conducts sales worldwide.

Order bookings increased 14 percent to MSEK 201 (176) and invoicing rose 13 percent to MSEK 191 (168). Telecom reported a weak trend due to the fact that no more major projects are currently being rolled out. Invoicing totaled MSEK 48 (62). Other Industry displayed a favorable trend, partly due to an expansion of the customer base in the offshore sector, where new orders were signed. Invoicing in Other Industry totaled MSEK 143 (106). Habia’s operating profit for the quarter amounted to MSEK 14 (5).

Order bookings increase 36 percent to MSEK 835 (616) during the January to September period. A strong contributing factor underlying this increase is the fact that Habia’s long-term investment in products for the offshore sector is now yielding results. Invoicing rose 6 percent to MSEK 661 (624). Invoicing amounted to MSEK 255 (274) in Telecom and MSEK 405 (350) in Other Industry. Habia’s operating profit totaled MSEK 49 (35).

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BEIJER TECH IN BRIEF

Beijer Tech specializes in industrial trading in the Nordic region and represents several of the world’s leading manufacturers. The company's operations are conducted in two areas: Industrial Products and Fluid Technology.

Sales volumes grew in both areas. Growth was far-reaching and included most customer groups. Order bookings totaled MSEK 240 (184) for the quarter. A significant portion of this increase was attributable to the subsidiary Svenska Brandslangsfabriken as well as the addition of the acquired company Packningar och Plast AB. Invoicing rose 15 percent to MSEK 211 (184) during the third quarter. Excluding corporate acquisitions, the increase was 11 percent. Invoicing amounted to MSEK 117 (100) in Industrial Products and MSEK 94 (84) in Fluid Technology. Operating profit totaled MSEK 16 (10).

Order bookings during the January to September period amounted to MSEK 709 (579) and invoicing to MSEK 663 (579). Invoicing amounted to MSEK 363 (316) in Industrial Products and MSEK 300 (262) in Fluid Technology. Operating profit totaled MSEK 42 (31).

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