{"id":1528,"date":"2022-10-18T14:00:00","date_gmt":"2022-10-18T12:00:00","guid":{"rendered":"https:\/\/www.profilgruppen.se\/mfn_news\/reduced-delivery-volume-and-lower-profit-in-the-third-quarter\/"},"modified":"2022-10-18T14:00:00","modified_gmt":"2022-10-18T12:00:00","slug":"reduced-delivery-volume-and-lower-profit-in-the-third-quarter","status":"publish","type":"mfn_news","link":"https:\/\/www.profilgruppen.se\/en\/pressmeddelanden\/reduced-delivery-volume-and-lower-profit-in-the-third-quarter\/","title":{"rendered":"Reduced delivery volume and lower profit in the third quarter"},"content":{"rendered":"
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Third quarter<\/strong>
·Turnover MSEK 612.3 (487.6), up 26 percent compared to previous year
·Operating profit MSEK 28.0 (39.9), corresponding to an operating margin of 4.6 percent (8.2)
·Excluding the influence of metal positions and accrual effects the operating profit amounts to MSEK 6.5 (16.0), corresponding to an adjusted operating margin of 1.1 percent (3.3)
·Net income MSEK 17.1 (28.8)
·Cash flow from operating activities MSEK 10.5 (45.1)
·Earnings per share SEK 2.07 kr (3.62) (no dilution)<\/p>\n

First nine months<\/strong>
·Turnover MSEK 2,116.8 (1,490.3), up 42 percent compared to previous year
·Operating profit MSEK 158.4 (123.4), corresponding to an operating margin of 7.5 percent (8.3)
·Excluding the influence of metal positions and accrual effects the operating profit amounts to MSEK 110.5 (72.7), corresponding to an adjusted operating margin of 5.2 percent (4.9)
·Net income MSEK 109.6 (90.3)
·Cash flow from operating activities MSEK -26.1 (129.3), of which MSEK 0.0 (51.9) refers to pandemic-related support
·Earnings per share SEK 14.11 kr (11.58) (no dilution)<\/p>\n

Events after the closing date<\/strong>
·ProfilGruppen announced on 12 October the dismissal of 25 employees
·An Extraordinary General Meeting will be held on 31 October 2022<\/p>\n

Fredrik Zöögling, CEO and President of ProfilGruppen, comments:
”During the autumn, demand has declined. We have had the flexibility to adapt production capacity to demand on an ongoing basis, but were recently forced to give notice of termination of 25 employees as a further step.<\/em>
 We will continue to maintain good delivery reliability to our customers and will be responsive to how the order situation develops and adapt to the changes.”<\/em><\/p>\n<\/div>\n

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For more information, please contact:<\/strong><\/p>\n

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Fredrik Zöögling, President and CEO
Mobile: +46 (0) 70-932 16 50
E-mail: fredrik.zoogling@profilgruppen.se<\/a>
 
Niklas Danielsson, CFO 
Mobile: +46 (0) 70-626 95 37
E-mail: niklas.danielsson@profilgruppen.se<\/a><\/p>\n

Current information and photographs for free publication are available at www.profilgruppen.se<\/a><\/p>\n

ProfilGruppen AB in Åseda is a supplier of turnkey customised aluminium components and extrusions. Our vision is that we will be the preferred provider of innovative solutions for aluminium extrusions in northern Europe.<\/p>\n<\/div>\n

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This information is information that ProfilGruppen AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2022-10-18 14:00 CEST.<\/em><\/p>\n<\/div>\n

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Attachments<\/strong><\/p>\n

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Interim Report Q3 2022 ProfilGruppen AB – Reduced delivery volume and lower profit in the third quarter<\/a><\/p>\n<\/div>\n