Alimak 3Q16 results

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 profit (EBIT adj.) before items affecting comparability totalled 72.7 MSEK (66.1).
• 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).
• Operating profit (EBIT adj.) before items affecting comparability totalled 224.9 MSEK (245.9).
• Operating margin (EBIT adj. percentage) before items affecting comparability was 15.5% (17.0).
• Earnings per share was 3.36 SEK (1.45).
• Cash flow from operating activities dropped to 89.5 MSEK (121.4).

Read the article online at: https://www.worldcement.com/indian-subcontinent/28102016/alimak-3q16-results/