Interin report q2
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Fagerhult: Interim Report January - June 2017<:section style="BOX-SIZING: border-box; TEXT-TRANSFORM: none; BACKGROUND-COLOR: #ffffff; TEXT-INDENT: 0px; PADDING-LEFT: 15px; WIDTH: 1170px; PADDING-RIGHT: 15px; DISPLAY: block; FONT: 14px/19px Montserrat, Helvetica, Arial, sans-serif; WHITE-SPACE: normal; MARGIN-BOTTOM: 0px !important; LETTER-SPACING: normal; COLOR: #373737; MARGIN-LEFT: auto; MARGIN-RIGHT: auto; WORD-SPACING: 0px; -webkit-text-stroke-width: 0px" class="release-body container no-margin-bottom " data-mce-style="box-sizing: border-box; text-transform: none; background-color: #ffffff; text-indent: 0px; padding-left: 15px; width: 1170px; padding-right: 15px; display: block; font: 14px/19px Montserrat, Helvetica, Arial, sans-serif; white-space: normal; margin-bottom: 0px !important; letter-spacing: normal; color: #373737; margin-left: auto; margin-right: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px;">
NEWS PROVIDED BY
Fagerhult
05:52 ET
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HABO, Sweden, Aug 17, 2017 /PRNewswire/ --
Comments from CEO Johan Hjertonsson:
- Order intake was MSEK 2,700.4 (2,349.5), which is an overall growth of 14.9% adjusted to 1.3% for acquisitions (MSEK 296.8) and currency effects (MSEK 24.6)
- Net sales were MSEK 2,544.7 (2,172.6), which is an overall growth of 17.1% adjusted to 3.8% for acquisitions (MSEK 266.2) and currency effects (MSEK 23.3)
- Operating profit was MSEK 313.3 (238.9), representing a 31.1% increase with an operating margin of 12.3 (11.0)%
- Earnings after tax were MSEK 216.5 (173.9), an increase of 24.5%
- Earnings per share were SEK 1.90 (1.53)
- Cash flow from operating activities was MSEK 188.5 (39.0)
- During the quarter the 3:1 share split was completed in accordance with the resolution taken at the Annual General Meeting
Disclosures may be submitted by
- The Group delivered a strong first half year with record second quarter results for order intake, net sales and operating profit.
- For the six months, market activity in our main markets was positive and mixed in some other regions.
- Order intake and net sales were ahead of the record setting first half year of 2016, operating profits increased 31% and a 12.3% operating margin was achieved in each quarter.
- Earnings per share at SEK 1.90 is 24.2% ahead of the SEK 1.53 from the previous year.
- The LED share of net sales continues to develop on a positive trend and the opportunity available to the Group from the low level of the installed LED base is significant.
- We have good visibility for the third quarter with the order backlog at a high level.
- As it integrates into the Group, we are pleased with the progress of WE-EF and the potential upside from the synergies are better than previously anticipated.
- Following the acquisition of the Organic Response IP in April, I am pleased once again to service our customers with this unique lighting control solution through the Group's brands.
- Our attention now turns to the second half year where we enter the period with strong forward momentum combined with a strong order backlog.
Johan Hjertonsson
CEO
tel: +46-36-10-85-00
mobile: +46-70-229-77-93
e-mail: [email protected]
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