Financial information: Q2

Q2 – BEST QUARTER TO DATE

1,216

Invoicing amounted to MSEK 1,216 (1,064).

183

Profit after net financial items amounted to MSEK 183 (147) for the quarter.


2.28

Earnings per share amounted to SEK 2.28 (1.83) for the quarter.

126

Cash flow after capital expenditures totaled MSEK 126 (61) for the quarter.


31

The net debt/equity ratio was 31 percent (35).


Invoicing (MSEK)[BARGRAPH{graphname:Fakturering}{title:Q2 17,value:1064}{title:Q3 17,value:880}{title:Q4 17,value:968}{title:Q1 18,value:1134}{title:Q2 18,value:1216}]
Operating profit (MSEK)[BARGRAPH{graphname:Invoicing}{title:Q2 17,value:1064}{title:Q3 17,value:880}{title:Q4 17,value:968}{title:Q1 18,value:1134}{title:Q2 18,value:1216}]

BEIJER ALMA IN BRIEF

Demand remained high, driven by the strong industrial economy. The upswing is far-reaching and includes most industries and geographic markets that the Group companies serve. All three subsidiaries increased their order bookings and invoicing during the quarter and record-breaking levels were achieved by the Group as a whole.

Order bookings for the second quarter totaled MSEK 1,243 (1,043), up 19 percent. Excluding corporate acquisitions and fluctuations in exchange rates, the increase was 15 percent. Invoicing rose 14 percent to MSEK 1,216 (1,064). Excluding corporate acquisitions and fluctuations in exchange rates, the increase was 10 percent.

Operating profit for the quarter totaled MSEK 187 (150) and profit after net financial items amounted to MSEK 183 (147). Earnings per share amounted to SEK 2.28 (1.83). The company carried out a split under which the number of shares was doubled. Historical share-related key figures have been recalculated. Cash flow after capital expenditures amounted to MSEK 126 (61).

Order bookings for the first half of the year amounted to MSEK 2,527 (2,112), up 20 percent. Excluding corporate acquisitions and fluctuations in exchange rates, the increase was 16 percent. Invoicing totaled MSEK 2,350 (2,123), up 11 percent. Excluding corporate acquisitions and fluctuations in exchange rates, the increase was 7 percent.

Operating profit for the first half of the year totaled MSEK 346 (291) and profit after net financial items amounted to MSEK 338 (285). Signed forward agreements and fluctuations in exchange rates had a net positive impact of approximately MSEK 6 on earnings, most of which in Lesjöfors. Earnings per share totaled SEK 4.21 (3.54). Cash flow after capital expenditures amounted to a MSEK 77 (neg: 38). 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.v

Lesjöfors’s operations are conducted in two areas: Industry and Chassis Springs. Demand was high in both areas, which led to healthy growth. Order bookings in the fourth quarter increased 16 percent to MSEK 724 (622). Invoicing amounted to MSEK 738 (625), up 14 percent. Operating profit totaled MSEK 163 (142).

The Industry area capitalized on the strong industrial economy. Invoicing increased 15 percent to MSEK 489 (425). Growth derived from most customer groups and encompassed the majority of geographic markets.

Chassis Springs also displayed growth. Invoicing increased 11 percent to MSEK 249 (223). The upswing is far-reaching with growth in all geographic markets.

During the first half of the year, order bookings for Lesjöfors totaled MSEK 1,424 (1,277), up 12 percent. Invoicing increased 12 percent to MSEK 1,428 (1,273). Operating profit amounted to MSEK 304 (272).

Read more about Lesjöfors


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 a full 25 percent to MSEK 266 (213) and invoicing increased 16 percent to MSEK 242 (208). Both Other Industry and Telecom displayed growth and the majority of geographic markets and customer groups performed well. Operating profit for the quarter was MSEK 21 (6).

During the first half of the year, order bookings increased 44 percent to MSEK 633 (440), partly due to an order of about MSEK 100 in the offshore sector that was secured in the first quarter. Invoicing totaled MSEK 470 (457) with operating profit of MSEK 35 (31). A large telecom roll-out that had a positive impact on invoicing and earnings for the first half of the year has now been completed.

Read more about Habia Cable


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.v

Sales volumes grew in both areas. Growth was far-reaching and included most customer groups. Invoicing for the quarter increased 13 percent to MSEK 236 (208). Excluding corporate acquisitions, the increase was 11 percent. Operating profit totaled MSEK 14 (12). v

Invoicing for the first half of the year amounted to MSEK 452 (395), up 14 percent. Operating profit totaled MSEK 26 (21).

Read more about Beijer Tech