Press release
Interim Report January March 2011
NET ASSET VALUE
- the net asset value amounted to seK 147 - 167 per share at the end of march, which is unchanged since the year-end.
INDUSTRIAL AND TRADING OPERATIONS
* orders received in the industrial and trading operations increased to seK 1,916 (1,418) m, an increase of 27 percent adjusted
for acquisitions, divestitures and exchange effects.
* net sales in the industrial and trading operations amounted to seK 1,713 (1,338) m, an increase of 20 percent adjusted for
acquisitions, divestitures and exchange effects.
* operating result in the industrial and trading operations increased to seK 178 (96) m, an increase of 85 percent, corresponding
to an operating margin of 10.4 (7.2) percent, adjusted for acquisitions and divestitures.
* the boards of Latour and säki have decided to merge the companies.
* the Latour industries business area made two smaller acquisitions in the first quarter, nord-Locks retailer in italy,
sigma-3 s.r.l., as well as the acquisition of assets and liabilities in elators automation operations.
* the specma group business area divested autotube aB.
INVESTMENT PORTFOLIO
* the investment portfolio value decreased by 0.5 percent while the comparable index (siXrX) decreased by 0.6 percent.
GROUP
* group result after net financial items amounted to seK 194 (178) m.
* group result after tax amounted to seK 161 (140) m, which corresponds to seK 1.23 (1.07) per share.
EVENTS AFTER THE REPORT PERIOD
* in april the Latour industries business area acquired denstech aB.