THE FULL YEAR
» Acquisition of Metall Göte AB
» A new large order from the USA worth SEK 97 million concerning fully automated packaging equipment
Continuing operations
» Net revenue totalled SEK 1,162 million (1,049)
» Profit after tax amounted to SEK 81 million (53)
» Earnings per share were SEK 11.80 (7.80)
Group as a whole
» Net revenue totalled SEK 1,162 million (1,268)
» Profit after tax amounted to SEK 83 million (72)
» Earnings per share were SEK 12.15 (10.60)
THE FOURTH QUARTER
Continuing operations
» Net revenue totalled SEK 299 million (295)
» Profit after tax amounted to SEK 22 million (16)
» Earnings per share were SEK 3.15 (2.35)
Group as a whole
» Net revenue totalled SEK 299 million (316)
» Profit after tax amounted to SEK 22 million (17)
» Earnings per share were SEK 3.15 (2.50)
AFTER THE BALANCE SHEET DATE
» In January, a declaration of intent was signed concerning the acquisition of Kungsörs Mekaniska Verkstad AB and Albins Mekaniska Verkstad AB
CEO's comments
Revenue increased marginally during the fourth quarter while the profit after tax rose by 35 per cent compared to the corresponding period in 2010. The explanation for the positive earnings trend is mainly a significant improvement in profitability at the companies which showed weak figures the previous year, as well as the fact that others were able to maintain good margins. Generally speaking, the market situation for the Group’s companies remained stable at the start of the quarter before then weakening slightly during December.
Full-year revenue increased by 11 per cent compared to 2010 while the operating margin improved from 8.0 to 9.9 per cent. Profit after tax exceeded last year’s earnings by over 50 per cent. Cash flow was strong for the whole year.