Year-end report from ProfilGruppen AB (publ), January 1 – December 31, 2013

2014-02-25 14:01

Continued weak demand and margin pressure
Forth quarter

  • Turnover MSEK 173.1 (161.7), up 7 percent compared to previous year
  • Operating profit MSEK -12.5 (6.4). Previous year was affected by positive one time items amounting to MSEK 17.8.
  • Net income MSEK -11.5 (9.8)
  • Cash flow from ongoing operations MSEK -16.3 (31.2)
  • Earnings per share SEK -2.32 (1.99)

Year

  • Turnover MSEK 730.0 (786.0), down 7 percent compared to previous year
  • Operating profit MSEK -20.0 (30.1), after positive one time items amounting to MSEK 0.9 (27.2).
  • Net income MSEK -20.5 (23.0)
  • Cash flow from ongoing operations MSEK -10.0 (51.2)
  • Earnings per share SEK -4.16 (4.66)

Kåre Wetterberg, acting CEO of ProfilGruppen, comments:
“The demand on the domestic market during forth quarter continued weak, which was compensated with increased sales on the export market. Parts of these sales were made to margin pressure that negatively affected the earnings for the quarter. Our long term work on the market side, with extra focus on Sweden, continues and beginning to show result in form of new customers. A highlight for the company is the order to Volvo Cars, which we recently announced.”

 
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For more information, please contact:
Kåre Wetterberg, acting CEO
Mobile   46 (0)70–656 40 14
kare.wetterberg@profilgruppen.se                        
Peter Schön, CFO 
Mobile 46 (0)70-339 89 99
peter.schon@profilgruppen.se