Profitable growth in 3Q16 Operating margin (EBIT adj.) 15.4% (15.2).Increased order intake +6%, driven by Construction Equipment.Operating margin (EBIT adj.) for After Sales 32.4% (29.5).
Third quarter
Order intake increased by 6% to 512.5 MSEK (484.6). In local currencies, the increase was 7%.
Revenues increased by 9% to 471.4 MSEK (434.4)
In local currencies, the increase was 9%.
Reported operating profit (EBIT) was 79.6 MSEK (66.1) and includes gains of 6.9 MSEK from the sale of the Rental business in the US.
Reported operating margin (EBIT percentage) was 16.9% (15.2).
Operating margin (EBIT adj. percentage) before items affecting comparability was 15.4% (15.2).
Profit after tax was 51.2 MSEK (36.2).
Earnings per share was 1.18 SEK (0.84).
Cash flow from operating activities dropped to -7.6 MSEK (66.6).
January-September 2016
Order intake declined by 3% to 1,625.1 MSEK (1,683.4). In local currencies, the decrease was 5%.
Revenues increased to 1,451.2 MSEK (1,448.8). In local currencies, the increase was 2%.
Reported operating profit (EBIT) was 231.7 MSEK (191.8) and includes gains of 6.9 MSEK from the sale of the Rental business in the US. Profit in the comparative period included 54.1 MSEK in non-recurring expenses related to the IPO and refinancing.
Reported operating margin (EBIT percentage) was 16.0% (13.2).
Rebecca recently started working for Palladian Publications in September and is looking forward to discovering all there is to know about the cement industry through her role as Assistant Editor on World Cement.
She graduated from the University of Oxford in 2015 with an MSt in Classical Archaeology, although she spent too much of her time doing sport, from rowing to cheerleading.
She is now living in Woking and enjoys reading, writing, travel and pretending she has the ability to cook.
