{"id":1602,"date":"2019-10-22T14:00:00","date_gmt":"2019-10-22T12:00:00","guid":{"rendered":"https:\/\/www.profilgruppen.se\/mfn_news\/recovered-cash-flow\/"},"modified":"2019-10-22T14:00:00","modified_gmt":"2019-10-22T12:00:00","slug":"recovered-cash-flow","status":"publish","type":"mfn_news","link":"https:\/\/www.profilgruppen.se\/en\/pressmeddelanden\/recovered-cash-flow\/","title":{"rendered":"Recovered cash flow"},"content":{"rendered":"<p class=\"mfn-wp-retain\"><strong><span><span>Third quarter<\/span><\/span><\/strong><\/p>\n<ul>\n<li><span><span>Turnover MSEK 355.5 &nbsp;(354.3)<\/span><\/span><\/li>\n<li><span><span>Operating profit MSEK 26.4 (22.4) <\/span><\/span><\/li>\n<li><span><span>Operating margin 7.4 percent (6.3)<\/span><\/span><\/li>\n<li><span><span>Net income MSEK 17.0 (16.2)<\/span><\/span><\/li>\n<li><span><span>Cash flow from operating activities MSEK 133.7 (16.6) <\/span><\/span><\/li>\n<li><span><span>Earnings per share SEK 1.90 kr (2.29)<\/span><\/span><\/li>\n<li><span><span>New CEO and President, Fredrik Z&ouml;&ouml;gling, entered 7<sup>th<\/sup> of October<\/span><\/span><\/li>\n<\/ul>\n<p class=\"mfn-wp-retain\"><strong><span><span>First nine months<\/span><\/span><\/strong><\/p>\n<ul>\n<li><span><span>Turnover MSEK 1,240.2 (1,204), up 3 percent compared to previous year <\/span><\/span><\/li>\n<li><span><span>Operating profit MSEK 90.5 (89.7)<\/span><\/span><\/li>\n<li><span><span>Operating margin 7.3 percent (7.5)<\/span><\/span><\/li>\n<li><span><span>Net income MSEK 61.6 (66.4)<\/span><\/span><\/li>\n<li><span><span>Cash flow from operating activities MSEK 77.5 (75.8) <\/span><\/span><\/li>\n<li><span><span>Earnings per share SEK 7.56 kr (8.75)<\/span><\/span><\/li>\n<\/ul>\n<p class=\"mfn-wp-retain\"><strong><span><span>Fredrik Z&ouml;&ouml;gling, CEO and President of ProfilGruppen, comments:<\/span><\/span><\/strong><\/p>\n<p class=\"mfn-wp-retain\"><span><span><em>&rdquo;It is positive that we succeeded in recovering our cash flow in the third quarter. <\/em><\/span><\/span><br \/>\n<span><span><em>The work with the new extrusion facility proceeds according to plan and the first hot billet has been extruded with good result.<\/em><\/span><\/span><br \/>\n<span><span><em>I am reassured of the market position of ProfilGruppen regarding competence, resources and competitiveness.&rdquo;<\/em><\/span><\/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>Ulrika Bergmo Sk&ouml;ld, CFO&nbsp;<br \/>\nMobile: +46 (0)73-230 05 98<br \/>\nE-mail: ulrika.bergmo.skold@profilgruppen.se<\/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\/2938320\/1127483.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%2F2938320%2F1127483.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%2F2938320%2F1127483.pdf&type=jpg\"><\/span>Release<\/a><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Third quarter Turnover MSEK 355.5 &nbsp;(354.3) Operating profit MSEK 26.4 (22.4) Operating margin 7.4 percent (6.3) Net income MSEK 17.0 (16.2) Cash flow from operating activities MSEK 133.7 (16.6) Earnings per share SEK 1.90 kr (2.29) New CEO and President, Fredrik Z&ouml;&ouml;gling, entered 7th of October First nine months Turnover MSEK 1,240.2 (1,204), up 3 &#8230; <a title=\"Recovered cash flow\" class=\"read-more\" href=\"https:\/\/www.profilgruppen.se\/en\/pressmeddelanden\/recovered-cash-flow\/\" aria-label=\"Read more about Recovered cash flow\">Read more<\/a><\/p>\n","protected":false},"template":"","mfn-news-tag":[47,61,44,53,43,64,52,59],"class_list":["post-1602","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-report-interim-q3","mfn-news-tag-mfn-regulatory","mfn-news-tag-mfn-report"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.profilgruppen.se\/en\/wp-json\/wp\/v2\/mfn_news\/1602","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=1602"}],"wp:term":[{"taxonomy":"mfn-news-tag","embeddable":true,"href":"https:\/\/www.profilgruppen.se\/en\/wp-json\/wp\/v2\/mfn-news-tag?post=1602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}