Absolent Group Interim Report Second Quarter 2018
- Sales volume for the quarter amounted to 168,6 MSEK (113,9)
- Operating profit before depreciations on Intangible Assets (EBITA) reached 36,7 MSEK (20,7) with a margin of 21,8 % (18,1)
- Operating profit (EBIT) reached 33,7 MSEK (19,2) with a margin of 20,0 % (16,9)
- Earnings per share was 2,40 SEK (1,27)
- Cash Flow from operating activities after change in working capital amounted to 37,1 MSEK (29,4)
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Sales volume and profit
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apr-jun
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apr-jun
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jan-jun
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jan-jun
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2018
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2017
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2018
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2017
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Sales volume (TSEK)
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168 623
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113 888
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314 640
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229 987
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Sales growth (%)
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48,1
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7,5
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36,8
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12,7
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Operating profit EBITA (TSEK)
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36 680
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20 658
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69 477
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44 637
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Operating margin EBITA (%)
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21,8
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18,1
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22,1
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19,4
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Operating profit EBIT (TSEK)
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33 681
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19 196
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63 640
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41 727
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Operating margin (EBIT %)
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20,0
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16,9
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20,2
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18,1
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Cash Flow from operating activities (TSEK)
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37 054
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29 436
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37 655
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47 088
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Earning per share (SEK)
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2,40
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1,27
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4,38
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2,72
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"We are very satisfied with the outcome of the second quarter. The quarter's growth was 48%, where of 29% were organic. Operating profit (EBIT) followed the growth and landed at SEK 33,7 MSEK (20,0%). The first half of 2018 has been characterized by a strong increase in order intake. We continue to take market shares at a fast pace within strategically important segments and countries.", Says CEO Axel Berntsson. 24 August 2018 Lidköping Further information:
The complete interim report is available at www.absolentgroup.se For further questions please contact:
MD and Group CEO Axel Berntsson +46 510 - 484000 CFO
Ola Burenius: +46 510 - 484000
The following documents can be retrieved from beQuoted
Absolent Group Pressrelease 2018-08-24 English.pdf
Absolent Group Delarsrapport Q2 2018.pdf Absolent Group AB is listed on Nasdaq First North Stockholm. Certified Adviser for Absolent Group AB is Erik Penser Bank.
This information is information that Absolent Group 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 person set out above, at 08:00 a.m. CEST on August 24, 2018.
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