Q3: President’s statement
The quarter was strong and characterized by a high level of activity and demand. This resulted in a 15-percent increase in order bookings and invoicing compared with the year-earlier period, of which 10 percent was organic. Lesjöfors, however, delivered somewhat lower growth toward the end of the quarter. Profit rose 33 percent due to growing earnings in all subsidiaries. Invoicing thus increased a total of 12 percent during the year and profit increased 23 percent.
Lesjöfors’s order bookings rose 11 percent. Invoicing increased 13 percent in Industry and 25 percent in Chassis Springs. Quarterly earnings for Lesjöfors rose 18 percent. Demand from our customers was strong, with contributions from most geographies and customer groups.
Habia’s order bookings continued to rise and increased 14 percent during the quarter. It feels particularly gratifying to note that our customer base in the offshore sector has been expanded, with deliveries expected to gain momentum in 2019. Offshore orders totaling MSEK 160 (21) have been signed during the year to date. Invoicing increased a total of 35 percent in Other Industry, while Telecom declined 23 percent during the quarter, as expected. Profit showed signs of recovery and amounted to MSEK 14 (5) for the quarter.
In Beijer Tech, order bookings increased 30 percent, invoicing 15 percent and earnings an impressive 57 percent, with contributions from both Industrial Products and Fluid Technology.
Henrik Perbeck, President and CEO