Press release
Interim Report January - September 2012
NET ASSET VALUE
- The net asset value per 30 September amounted to SEK 151 per share, compared to SEK 142 per share at the
INDUSTRIAL OPERATIONS
Third quarter
- Orders received in the industrial operations dropped to SEK 1,466 (1,618) m, which is a decrease in comparable
- Net sales in the industrial operations amounted to SEK 1,571 (1,655) m, which is a decrease in comparable units
- The operating result amounted to SEK 160 (218) m, which corresponds to an operating margin of 10.2 (13.2)
January to September
* Orders received in the industrial operations dropped to SEK 5,176 (5,224) m, which is a decrease of 2 percent in
comparable units adjusted for exchange effects.
* Net sales in the industrial operations amounted to SEK 5,091 (4,985) m, which means null growth in comparable
units adjusted for exchange effects.
* The operating result was SEK 482 (610) m, a decrease of 21 percent which corresponds to an operating margin of
9.5 (12.2) percent in continuing operations. Higher than normal investments in marketing and product development
charged the result by SEK 104 m.
GROUP
* Group profit after net financial items amounted to SEK 1,072 (1,702) m.
* Group profit after tax was SEK 962 (1,556) m, or SEK 6.03 (11.14) per share.2)
* Net debt amounted to SEK 1,390 m at the end of September, compared to SEK 1,140 m at the beginning of the
year, which is the equivalent of 5.5 percent of the market value of the companys entire assets.
* 13.4 percent of the shares in Diamorph AB (publ) were acquired.
INVESTMENT PORT FOLIO
* During the first nine months the investment portfolios value increased by 17.4 percent adjusted for dividends
while the comparable index (SIXRX) increased by 12.3 percent.
EVENTS AFTER THE REPORT PERIOD
* Latour Industries acquired Kabona AB, a leading company in the field of energy efficiency in buildings. Two other
smaller acquisitions were also made; Norlub Scandinavia AB for the Specma Group and Westlings Industri AB for
LSAB in Latour Industries. In the investment portfolio, holding in Tomra has increased to 17.5 per cent and in HMS
to 22.7 per cent.
1)The calculation of the net asset value on 5 November 2012 was based on the value of the investment portfolio at 1 p.m. on 5 November and the same values as on 30 September were used for the wholly owned industrial operations.
2)Lower earnings per share since the number of shares increased as a result of the fusion with SäkI in July 2011. Capital gains of SEK 3.35 were included in the previous year.