Interim Report - 6 months 1 April-30 September 2015

06.11.2015

B&B TOOLS
Half Year financial report

Interim Report - 6 months 1 April-30 September 2015

Second quarter (1 July-30 September 2015)

  -- Revenue amounted to MSEK 1,839 (1,851).
  -- Operating profit
increased to MSEK 131 (130), corresponding to an
     operating margin of 7.1 percent (7.0)
.
  -- Profit after financial items
 rose by 5 percent to MSEK 126 (120).
  -- Net profit 
increased by 7 percent to MSEK 96 (90).
  -- Earnings per share 
rose to SEK 3.40 (3.20). 
  -- Cash flow from operating activities 
amounted to MSEK 57 (6) and
     cash flow per share for the most recent 12-month period was SEK 16.05
     (6.50).
  -- The return on equity
 for the most recent 12-month period was 14 percent (13).
  -- The equity/assets ratio
 at the end of the period was 49 percent (44). 

 Reporting period – 6 months (1 April-30 September 2015)

  -- Revenue amounted to MSEK 3,893 (3,882).
  -- Operating profit
rose by 11 percent to MSEK 260 (235) and
     the operating margin was 6.7 percent (6.1)
.
  -- Profit after financial items
 rose by 18 percent to MSEK 250 (212).
  -- Net profit 
rose by 19 percent to MSEK 190 (159).





PRESIDENT’S STATEMENT

For the first six months of the financial year 2015/16 the profit after
financial items rose by 18 percent, which is gratifying. The second quarter of
the year was characterised by slightly higher sales volumes for all of our
geographic markets with the exception of Norway. We are continuing our efforts
to adapt our Norwegian operations to the weak demand in the offshore sector,
while at the same time focusing on growth in other customer segments such as
the construction and civil engineering industry and public administration
sector. 

Combined with decentralised profit responsibility and cost control in all of
our units, the earnings trends for ESSVE and TOOLS Sweden have resulted in
higher operating profit for the Group as a whole compared with the preceding
year. 

The Group’s profitability, measured as operating profit in relation to working
capital (P/WC), remained favourable and amounted to 26 percent (25) for the
most recent 12-month period. During the same period cash flow per share has
increased to SEK 16.05 (6.50). 

Stockholm, November 2015



Ulf Lilius
President & CEO



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