Alimak Group has released its interim report for January – June 2016.
Continued global expansion in challenging business environment
- Operating margin (EBIT adj.) of 17.6% (18.8) with improvements in all business areas except Industrial Equipment.
- Adjusted for Johan Sverdrup order in Q215, underlying growth in order intake of +7%.
- Continued strong growth in order intake in Construction Equipment, +58%.
Second quarter
- Order intake decreased by 18% to 543 MSEK (663). In local currencies, the decrease was 15%.
- Revenues decreased by 5% to 525 MSEK (552). In local currencies, the decrease was 2%.
- Operating profit (EBIT) was 92 MSEK (54).
- Operating profit (EBIT) before items affecting comparability was 92 MSEK (104). In local currencies, EBIT was 93 MSEK (104).
- Operating margin (EBIT) before items affecting comparability was 17.6% (18.8). In local currencies, the operating margin was 17.2% (18.8).
- Net profit amounted to 65 MSEK (22)
- Earnings per share at 1.51 SEK (0.51).
- Cash flow from operating activities increased to 67 MSEK (42).
January-June 2016
- Order intake decreased by 7% to 1113 MSEK (1199). In local currencies, the decrease was 5%.
- Revenues decreased by 3% to 980 MSEK (1014). In local currencies, the decrease was 1%.
- Operating profit (EBIT) was 152 MSEK (126).
- Operating profit (EBIT) before items affecting comparability was 152 MSEK (180). In local currencies, EBIT was 154 MSEK (180).
- Operating margin (EBIT percentage) before items affecting comparability was 15.5% (17.7). In local currencies, the operating margin was 15.3% (17.7).
- Earnings per share at 2.18 SEK (0.62).
Cash flow from operating activities increased to 97 MSEK (55).
Adapted from press release by Rebecca Bowden