Interim Report 1 April - 31 December 2013 (9 months)
B&B TOOLS Interim report Interim Report 1 April - 31 December 2013 (9 months) Reporting period (1 April – 31 December 2013) -- Revenue amounted to MSEK 5,688 (5,815). -- Operating profit excluding non-recurring items increased by 39 percent to MSEK 237 (170). -- Operating profit including non-recurring items increased to MSEK 237 (221), of which non-recurring items amounted to of MSEK 0 (+51). -- Profit after net financial items increased to MSEK 196 (162), of which non-recurring items amounted to MSEK 0 (+51). -- Profit after taxes amounted to MSEK 145 (188). -- Earnings per share amounted to SEK 5.15 (6.70). -- The return on equity for the most recent 12-month period was 9 percent (13). -- The Group’s operational net loan liability declined to MSEK 757 (948). -- Cash flow from operating activities totalled MSEK 282 (218). -- The equity/assets ratio at the end of the reporting period was 44 percent (38). Third quarter (1 October-31 December 2013) -- Revenue for comparable units, measured in local currency, was unchanged during the third quarter compared with the preceding year. -- Operating profit (excluding non-recurring items) increased to MSEK 85 (77) during the quarter. President’s statement The business volume has not developed as expected during the third quarter of the financial year on a cautious market. The change work in the Group develops according to plan and the operating profit for the quarter increased by 10 percent (excluding non-recurring items) compared to the preceding year. The working capital continued to decline. This contributed to an increased cash flow from operating activities for the reporting period compared with the year-earlier period. After the third quarter of the financial year, our operational net loan liability has declined to MSEK 757 (948) and our equity/assets ratio has improved to 44 percent (38). We have thus established a good foundation from which to take an aggressive approach to our continued development. We are making concerted efforts to continue increasing our efficiency and improving our operating profit, while at the same time further reducing our funds tied up in working capital. Together with my committed colleagues, I am confident that we will continue to capitalise on our future improvement opportunities. Stockholm, February 2014 Ulf Lilius President & CEO Read more! Please download the complete document.