{"id":1574,"date":"2021-02-09T14:00:00","date_gmt":"2021-02-09T13:00:00","guid":{"rendered":"https:\/\/www.profilgruppen.se\/mfn_news\/high-production-but-low-profit-in-the-quarter\/"},"modified":"2021-02-09T14:00:00","modified_gmt":"2021-02-09T13:00:00","slug":"high-production-but-low-profit-in-the-quarter","status":"publish","type":"mfn_news","link":"https:\/\/www.profilgruppen.se\/en\/pressmeddelanden\/high-production-but-low-profit-in-the-quarter\/","title":{"rendered":"High production but low profit in the quarter"},"content":{"rendered":"<p class=\"mfn-wp-retain\"><strong>Fourth quarter<\/strong><\/p>\n<ul>\n<li>Turnover MSEK 371.6 (381.9), down 3 percent compared to previous year<\/li>\n<li>Operating profit MSEK 5.3 (22.7), after financial support of MSEK 2.4 (0.0) and non-recurring costs of MSEK 10,0 (0.0) &nbsp;<\/li>\n<li>Operating margin 1.4 percent (5.9)<\/li>\n<li>Net income MSEK 7.4 (18.9)<\/li>\n<li>Cash flow from operating activities MSEK 111.4 (33.2), of which MSEK 63.1 (0.0) from financial support<\/li>\n<li>Earnings per share SEK 0.86 kr (2.42)<\/li>\n<\/ul>\n<p class=\"mfn-wp-retain\"><strong>Year 2020<\/strong><\/p>\n<ul>\n<li>Turnover MSEK 1,414.4 (1,622.1), down 13 percent compared to previous year<\/li>\n<li>Operating profit MSEK 36.4 (113.2), after financial support of MSEK 19.2 (0.0)<\/li>\n<li>Operating margin 2.6 percent (7.0)<\/li>\n<li>Net income MSEK 23.9 (80.5)<\/li>\n<li>Cash flow from operating activities MSEK 179.4 (110.7), of which MSEK 101.9 (0.0) from financial support<\/li>\n<li>Earnings per share SEK 2.45 (9.98)<\/li>\n<li>The Board proposes that no dividend will be paid (none)<\/li>\n<\/ul>\n<p class=\"mfn-wp-retain\"><strong>Fredrik Z&ouml;&ouml;gling, CEO and President of ProfilGruppen, comments:<\/strong><\/p>\n<p class=\"mfn-wp-retain\"><em>&rdquo;In terms of volume the fourth quarter has meant a recovery to the previous year&rsquo;s levels, but with lower prices. Considering the second wave of the pandemic hit us in Novbember it is a strong achievement by the organization to deliver at the requested level. Despite the effort we are not able to see the positive effect on the result, which is due to a continued unfavourable product mix.<\/em><\/p>\n<p class=\"mfn-wp-retain\"><em>We are working hard to secure additional volumes at higher margins, streamline our production and our internal processes.&ldquo;<\/em><\/p>\n<p><\/p>\n<p class=\"mfn-wp-retain\">This report contains inside information that ProfilGruppen is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596\/2014). The information was submitted for publication, through the contact person, on <span>09-02-2021 14:00 CET<\/span>.<\/p>\n<div class=\"mfn-footer\">\n<p class=\"mfn-wp-retain\"><span><span>_______________________________________________________ <\/span><\/span><\/p>\n<p class=\"mfn-wp-retain\"><span><strong><span>For more information, please contact: <\/span><\/strong><\/span><br \/>\n<span><span>Fredrik Z&ouml;&ouml;gling, President and CEO<\/span><\/span><br \/>\n<span><span>Mobile: +<\/span><\/span><span><span>46 (0)70-932 16 50<\/span><\/span><br \/>\n<span><span>E-mail: <a href=\"mailto:fredrik.zoogling@profilgruppen.se\" rel=\"nofollow\">fredrik.zoogling@profilgruppen.se<\/a> &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <\/span><\/span><\/p>\n<p class=\"mfn-wp-retain\">&nbsp;<br \/>\n<span><span>Niklas Danielsson, CFO&nbsp;<br \/>\nMobile: +46 (0)70-626 95 37<br \/>\nE-mail: <a href=\"mailto:niklas.danielsson@profilgruppen.se\" rel=\"nofollow\">niklas.danielsson@profilgruppen.se<\/a><\/span><\/span><\/p>\n<\/div>\n<div class=\"mfn-footer mfn-attachment mfn-attachment-general\">\n<p class=\"mfn-wp-retain\"><strong class=\"mfn-heading-1\">Attachments<\/strong><\/p>\n<hr>\n<p class=\"mfn-wp-retain\"><a class=\"mfn-primary\" href=\"https:\/\/mb.cision.com\/Main\/2130\/3283007\/1370142.pdf\" rel=\"noopener\" target=\"_blank\">Release<\/a><\/p>\n<\/div>\n<script>\n                Array.prototype.slice.call(document.querySelectorAll(\".mfn-footer.mfn-attachment\")).forEach(function (el) { el.remove() });\n            <\/script>\n        <div class=\"mfn-attachments-container\"><div class=\"mfn-attachment mfn-primary\"><a class=\"mfn-attachment-link\" href=\"https:\/\/storage.mfn.se\/proxy\/release.pdf?url=https%3A%2F%2Fmb.cision.com%2FMain%2F2130%2F3283007%2F1370142.pdf\"><span class=\"mfn-attachment-icon\"><img decoding=\"async\" src=\"https:\/\/storage.mfn.se\/proxy\/release.pdf?url=https%3A%2F%2Fmb.cision.com%2FMain%2F2130%2F3283007%2F1370142.pdf&type=jpg\"><\/span>Release<\/a><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Fourth quarter Turnover MSEK 371.6 (381.9), down 3 percent compared to previous year Operating profit MSEK 5.3 (22.7), after financial support of MSEK 2.4 (0.0) and non-recurring costs of MSEK 10,0 (0.0) &nbsp; Operating margin 1.4 percent (5.9) Net income MSEK 7.4 (18.9) Cash flow from operating activities MSEK 111.4 (33.2), of which MSEK 63.1 &#8230; <a title=\"High production but low profit in the quarter\" class=\"read-more\" href=\"https:\/\/www.profilgruppen.se\/en\/pressmeddelanden\/high-production-but-low-profit-in-the-quarter\/\" aria-label=\"Read more about High production but low profit in the quarter\">Read more<\/a><\/p>\n","protected":false},"template":"","mfn-news-tag":[47,61,44,53,43,52,59,65],"class_list":["post-1574","mfn_news","type-mfn_news","status-publish","hentry","mfn-news-tag-mfn-lang-en","mfn-news-tag-mfn-report-interim","mfn-news-tag-mfn-type-ir","mfn-news-tag-mfn-regulatory-mar","mfn-news-tag-mfn","mfn-news-tag-mfn-regulatory","mfn-news-tag-mfn-report","mfn-news-tag-mfn-report-interim-q4"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.profilgruppen.se\/en\/wp-json\/wp\/v2\/mfn_news\/1574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.profilgruppen.se\/en\/wp-json\/wp\/v2\/mfn_news"}],"about":[{"href":"https:\/\/www.profilgruppen.se\/en\/wp-json\/wp\/v2\/types\/mfn_news"}],"wp:attachment":[{"href":"https:\/\/www.profilgruppen.se\/en\/wp-json\/wp\/v2\/media?parent=1574"}],"wp:term":[{"taxonomy":"mfn-news-tag","embeddable":true,"href":"https:\/\/www.profilgruppen.se\/en\/wp-json\/wp\/v2\/mfn-news-tag?post=1574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}