Interim report ProfilGruppen: Raw material impact makes quarterly result negative

Third quarter

  • Turnover MSEK 219.6 (177.6), up 24 percent compared to previous year

  • Operating profit MSEK -3.2 (1.5) after one-time costs of MSEK 13.4 due to raw material

  • Net income MSEK -3.6 (0.2)

  • Cash flow from ongoing operations MSEK -13.8 (-1.3)

  • Earnings per share SEK -0.49 (0.02)

First nine months

  • Turnover MSEK 745.5 (600.0), up 24 percent compared to previous year

  • ProfilGruppen signed its largest business deal ever, for about 200 million SEK annually

  • Operating profit MSEK 18.0 (1.8)

  • Net income MSEK 10.6 (1.4)

  • Cash flow from current operations MSEK -9.7 (15.7)

  • Earnings per share SEK 1.43 (0.23)

Per Thorsell, CEO of ProfilGruppen, comments:

"The effect of the falling raw material price and the one-time cost that it caused give a temporary setback in the earnings trend, but we are at the same time pleased that the sales and underlying business continues to develop in the right direction. Our activities to even better meeting our customers’ expectations and to improve efficiency proceed in all parts of our business.

The startup of our new production facility, in the subsidiary PG&WIP AB, is according to plan and the deliveries will begin in the beginning of 2016. ”

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