This is a translation of the Swedish version of the report. In case of any discrepancies, the Swedish version shall prevail.
Third quarter
· Turnover MSEK 487.6 (324.9), up 50 percent compared to previous year
· Operating profit MSEK 39.9 (3.7), after positive one-off effects of MSEK 24 (0)
· Operating margin 8.2 percent (1.1)
· Net income MSEK 28.8 (0.4)
· Cash flow from operating activities MSEK 45.1 (23.9), of which MSEK 0.0 (3.5) from covid related support meassures
· Earnings per share SEK 3.62 (-0.21)
First nine months
· Turnover MSEK 1,490.3 (1,042.8), up 43 percent compared to previous year
· Operating profit MSEK 123.4 (31.1), after positive one-off effects of MSEK 51 (0)
· Operating margin 8.3 percent (3.0)
· Net income MSEK 90.3 (16.5)
· Cash flow from operating activities MSEK 129.3 (68.0), of which MSEK 0.0 (38.9) from covid related support meassures
· Earnings per share SEK 11.58 (1.59)
Fredrik Zöögling, CEO and President of ProfilGruppen, comments:
“The quarter was characterized by a turbulent raw material market, which caused a shortage of raw materials and pushed aluminum prices to completely new levels. Thanks to active external monitoring, we have been able to parry the turbulence in a good way. The positive inventory effects caused by the increased aluminum prices have had a strong effect on our result in the quarter and I the price level remains we expect an even larger effect in the fourth quarter. The doubled energy prices in electricity area 4 have continued to affect us negatively. Our underlying result is not satisfying and we strive to increase it to a sustainable level.
The raw material situation and shortage of components create some unpredictability on the market, despite that we currently experience continued strong demand.”
