{"id":1540,"date":"2022-07-14T14:00:00","date_gmt":"2022-07-14T12:00:00","guid":{"rendered":"https:\/\/www.profilgruppen.se\/mfn_news\/profilgruppen-ab-quarterly-profit-significantly-improved\/"},"modified":"2022-07-14T14:00:00","modified_gmt":"2022-07-14T12:00:00","slug":"profilgruppen-ab-quarterly-profit-significantly-improved","status":"publish","type":"mfn_news","link":"https:\/\/www.profilgruppen.se\/en\/pressmeddelanden\/profilgruppen-ab-quarterly-profit-significantly-improved\/","title":{"rendered":"ProfilGruppen AB – Quarterly profit significantly improved"},"content":{"rendered":"
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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)<\/p>\n

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)<\/p>\n

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.”<\/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 and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2022-07-14 14:00 CEST.<\/em><\/p>\n<\/div>\n

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

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Interim Report Q2 2022 ProfilGruppen AB – Quarterly profit significantly improved<\/a><\/p>\n<\/div>\n