Continued margin improvements
(Thomson Reuters ONE) -
Download the report in full:
Nobia Q1 2011
(All figures in brackets refer to the corresponding period in 2010)
Net sales for the first quarter amounted to SEK 3,207 million (3,456). Organic
growth was positive 2 per cent (neg: 1) in total. Operating profit excluding
restructuring costs of net SEK 8 million (124) amounted to SEK 71 million (loss:
24), corresponding to an operating margin of 2.2 per cent (neg: 0.7). Profit
after tax and restructuring costs was SEK 30 million (loss: 134), corresponding
to earnings per share of SEK 0.18 (loss: 0.80). Operating cash flow amounted to
negative SEK 84 million (neg: 49).
The UK market continued to exhibit weak growth while the Continental Europe and
the Nordic market in particular performed positively.
Negative currency effects of SEK 287 million (neg: 252) impacted net sales for
the quarter. Divested Pronorm contributed SEK 46 million to net sales in the
first quarter of 2010. Organic growth strengthened net sales by SEK 84 million
(neg: 39) and was mainly attributable to the higher level of activity in the
Nordic project market.
Operating profit excluding restructuring costs amounted to SEK 71 million (loss:
24), corresponding to an operating margin of 2.2 per cent (neg: 0.7).
Currency effects contributed SEK 20 million (neg: 20) to operating profit
excluding restructuring costs, of which approximately negative SEK 5 million (0)
comprised translation effects and SEK 25 million (neg: 20) comprised transaction
effects.
The underlying improvement in earnings is mainly attributable to higher sales
volumes and productivity improvements.
Return on capital employed including restructuring costs amounted to 4.1 per
cent (2.7) over the past twelve-month period.
Operating cash flow was negatively impacted mainly by higher accounts
receivables and inventory.
Comments from the CEO
"The cost savings initiated in the preceding quarter have begun to generate an
effect and will further help earnings moving forward. The work on simplifying
processes and the product range is continuing and will be presented in more
detail on the Capital Markets Day in Stockholm on 26 May," says Morten
Falkenberg, President and CEO.
Nobia Q1 2011:
http://hugin.info/133488/R/1509800/444653.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Nobia via Thomson Reuters ONE
[HUG#1509800]
Unternehmensinformation / Kurzprofil:
Datum: 28.04.2011 - 07:36 Uhr
Sprache: Deutsch
News-ID 53965
Anzahl Zeichen: 3060
contact information:
Town:
Stockholm
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 179 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Continued margin improvements"
steht unter der journalistisch-redaktionellen Verantwortung von
Nobia (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
