2022-07-14

ProfilGruppen AB – Quarterly profit significantly improved

Second quarter
· Turnover MSEK 752 (542.6), up 39 percent compared to previous year
· Operating profit MSEK 83.0 (48.4), of which 43.0 MSEK from underlying operations (39.4)
· Operating margin 11.0 percent (8.9)
· Net income MSEK 58.8 (37.2)
· Cash flow from operating activities MSEK 26.3 (20.8)
· Earnings per share SEK 7.68 kr (4.69)

First six months
· Turnover MSEK 1,504.5 (1,002.7), up 50 percent compared to previous year
· Operating profit MSEK 130.4 (83.5), of which 94.9 MSEK from underlying operations (56.5)
· Operating margin 8.7 percent (8.3)
· Net income MSEK 92.5 (61.5)
· Cash flow from operating activities MSEK -36.6 (84.2), of which MSEK 0.0 (51.9) from covid related support measures
· Earnings per share SEK 12.04 kr (7.96)

Events after the closing date
· A futures contract in the metal market with a liquidity effect of MSEK 60 has been closed after the closing date
 
Fredrik Zöögling, CEO and President of ProfilGruppen, comments:
”Reduced activity in the market can be seen in the second quarter’s delivery volumes. We see that the customers closest to the consumer market have been affected more clearly than other segments and that there is uncertainty and waiting in the entire market. During the second quarter, our changed risk position regarding the metal price has had a positive effect of SEK 40 million in a volatile market with a sharp fall in aluminum price. Our positions for continued falling prices have now been closed.”

Documents and links
Interim Report Q2 2022 ProfilGruppen AB - Quarterly profit significantly improved