Presentations
Press release
Nilörngruppen AB: Interim Q3-report
Period July – September
·Order bookings increased by 2 percent to MSEK 195 (191).
·Revenue decreased by 1 percent to MSEK 171 (172).
·Operating profit amounted to MSEK 19.3 (19.1).
·Profit for the period amounted to MSEK 14.0 (13.8).
·Earnings per share amounted to SEK 1.23 (1.21).
Period January – September
·Order bookings increased by 1 percent and amounted to MSEK 561 (556).
·Revenue increased by 4 percent to MSEK 545 (526).
·Revenue adjusted for currency effects amounted to MSEK 521 (526), i.e. an underlying organic decrease of 1 percent.
·Operating profit amounted to MSEK 54.6 (59.8).
·Profit for the period amounted to MSEK 40.1 (44.4).
·Earnings per share amounted to SEK 3.52 (3.90).
·Cash flow from operating activities amounted to MSEK 52.2 (33.6).
Significant events during the quarter
·Decreased sales to a few customers with low margins which led to a higher gross profit margin.
·Continuous positive development on Nilörn’s new market, such as Italy and Spain, and several exciting projects in Germany.
·Accounting in accordance with IFRS 16 had the effect of increasing the balance sheet total by about MSEK 60 and gave rise to redistribution of items in the income statement. Refer to Note 3 for a detailed description of its effects.
·Our English and Swedish operations have relocated to their new premises.
·Nilörn Portugal has installed 750 m² of solar panels on the roof of the factory.
FOR FURTHER INFORMATION, CONTACT:
Claes af Wetterstedt, President & CEO Krister Magnusson, CFO
Telephone: +46-33-700 88 30 Telephone: +46-33-700 88 30
Mobile: +46-706 96 29 50 Mobile: +46-704 85 21 14
E-mail: claes.af.wetterstedt@nilorn.com E-mail: krister.magnusson@nilorn.com
This information is information that Nilörngruppen is under obligation to publish in accordance with the EU Market Abuse Regulation and the Securities Markets Act. The information herein was provided by the contact person named below for publication at 08:00 a.m., 25 October 2019.