Interim report from ProfilGruppen AB (publ), January 1 – March 31 2014

Weak earnings improvement – The Board proposes rights issue of approximately SEK 40 million

First quarter

  • Turnover MSEK 202.7 (179.8), up 13 percent compared to previous year
  • Operating profit MSEK -2.3 (-4.5).
  • Net income MSEK 0.5 (-4.5)
  • Cash flow from ongoing operations MSEK 3.8 (-5.8)
  • Earnings per share SEK 0.10 (-0.91)
  • Guaranteed rights issue of approximately SEK 40 million is proposed

Kåre Wetterberg, acting CEO of ProfilGruppen, comments:
"The reinforcement of the sales organisation is beginning to materialise into increased volumes, above all in Sweden which increases by 24 percent compared to a weak first quarter last year. Also the delivery volumes to the export markets have increased. Unfortunately we still have a number of old agreements, which over time, has become disadvantageous for us. As a consequence the result improvement takes longer time.

Documents and links
Interim report ProfilGruppen Q1 2014