Continued positive trend Net revenues amounted to MSEK

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Aug 14, 2014 at 5:45 AM

Continued positive trend

· Net revenues amounted to MSEK 876 (837) for the quarter and MSEK 1,731 (1,541) for the first six months of the year. · Profit after net financial items totaled MSEK 116 (114) for the quarter and MSEK 230 (195) for the first half of the year. · Earnings per share amounted to SEK 2.94 (2.90) for the quarter and SEK 5.68 (4.78) for the first six months of the year. · Cash flow after capital expenditures, excluding corporate acquisitions, totaled MSEK 78 (116) for the quarter and MSEK 87 (130) for the first half of the year. · The balance sheet remained strong and the net debt/equity ratio was 16 percent (17). CEO’s comments The trend for the Beijer Alma Group remained positive during the second quarter of the year. Invoicing rose 5 percent to MSEK 876. This growth was attributable to Habia and Beijer Tech, while Lesjöfors experienced a year-on-year decline in sales due to a weak trend in the chassis springs operations compared with the extremely strong result posted in 2013. Profit after net financial items totaled MSEK 116, compared with MSEK 114 in the year-earlier period. The operating margin was 13.4 percent (14.0). The structure of the Group’s invoicing – whereby lower invoicing in Lesjöfors was partly offset by higher invoicing in Beijer Tech – resulted in a slightly lower operating margin. Overall, demand in the areas of the Group that are dependent on the industrial economy remained stable. The exception was Beijer Tech, which reported increased sales to the industrial sector compared with the year-earlier period. Cash flow amounted to MSEK 78 and was adversely impacted by an accumulation of inventories in Lesjöfors and higher accounts receivable in Habia. Capital expenditures also exceeded depreciation and amortization during the quarter. The balance sheet remained strong and net debt for the Group amounted to MSEK 255 (252) at the end of the period. Lesjöfors’s invoicing amounted to MSEK 456, down 4 percent year-on-year in comparable units. This decline was fully attributable to Chassis Springs, which reported a 13-percent decrease in sales. The fall in invoicing was a result of the mild winter weather and sales are expected to remain negatively impacted during the coming months. Sales of industrial springs increased 1 percent. Germany and the UK reported higher invoicing, while the Nordic markets declined slightly. Sales in China decreased significantly year-on-year due to the conclusion of project transactions in the telecom sector. Operating profit totaled MSEK 88, down MSEK 10 compared with the second quarter of 2013. The operating margin declined slightly compared with the year-earlier period. The decline in earnings and lower operating margin were fully attributable to Chassis Springs, while the Industry business area reported improved earnings and a higher margin during the quarter. Habia reported favorable order bookings and sales for the second quarter and invoicing increased 25 percent to MSEK 201. Telecom customers continued to account for the largest increase in demand. Sales of cables for base-station antennas rose 66 percent, while other customer segments increased 2 percent. Operating profit for the second quarter amounted to MSEK 22, compared with MSEK 13 in the year-earlier period, and the operating margin increased sharply. The telecom plants continue to work at an extremely high rate and demand currently exceeds the company’s manufacturing capacity. Customers have also indicated that the level of demand can be expected to remain high during the coming months. The capacity expansion at the Chinese plant is has now been completed and the facility became fully operational around mid-year. This expansion in capacity will result in a gradual increase in production volumes during the third quarter. Beijer Tech also noted improved demand during the second quarter. Invoicing rose 8 percent to MSEK 219 and operating profit remained unchanged compared with the year-earlier period at MSEK 14. This growth was fully attributable to Industrial Products, while Fluid Technology reported largely unchanged invoicing. The operating margin fell slightly due to a higher proportion of sales of plant and machinery with low profitability. In conclusion, with the exception of the operations impacted by seasonal effects, the demand situation for the autumn appears to be relatively stable compared with the first half of the year. Bertil Persson President and CEO If you have any questions, please contact: Bertil Persson, President and CEO, Telephone 46 8 506 427 50, bertil.persson@beijeralma.se Jan Blomén, Chief Financial Officer, Telephone 46 18 15 71 60, jan.blomen@beijeralma.se Beijer Alma AB (publ) is an international industrial Group specializing in component manufacturing and industrial trading. The Group comprises Lesjöfors, one of Europe’s largest spring manufacturers, Habia Cable, one of Europe’s largest manufacturers of custom-designed cables, and Beijer Tech, which holds a strong position in industrial trading in the Nordic region. Beijer Alma is listed on the NASDAQ OMX Stockholm Mid Cap list.

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Health Net Invests $3 Million in Stockton Housing

Putting a Roof Over Stockton's Head The talk of the town in Stockton is Health Net stepping up with a $3 million investment. This isn't just dropping loose change in a jar; it's about tackling a mammoth issue—making affordable housing more than just a pipe dream for 75 families. Community-driven, they say. What a cozy way to paint a picture of bridging that brutal gap...

Partner Joins Yardi ICN, Boosting Data Quality for Clients

Strategic Alliances in Real Estate Data When Partner Engineering and Science, Inc. says they're hooking up with the Yardi Independent Consultant Network (ICN), that's not just some boardroom handshake. It's a play that could shake up data services in the real estate game. Look, there's plenty of chatter about digitizing property management, but without killer data, those...

Dyania, NVIDIA Team Up: AI Transforming Patient Care

Revving up efficiency in healthcare usually sounds like pie-in-the-sky talk, but every now and again, an innovation comes along that really stirs the pot. Enter Dyania Health's Synapsis AI, a clinical reasoning AI, teaming with NVIDIA's robust computing infrastructure. They're setting out to make sense of massive amounts of patient data, securely tucked behind a...

D-Wave's 9.5% Drop: Fraud Lawsuit Raises Investor Ire

Shockwaves from D-Wave's Earnings Call August wasn't exactly a banner month for D-Wave Quantum, Inc. as their stock went down like a lead balloon following a lackluster earnings report. If you've ever had any skin in the game, you'd know a 9.5% drop isn't just peanuts—it's the equivalent of watching your prized racehorse stumble at the first hurdle. The financials spoke...

Euroandinos Paita Closes Consent for 2037 Notes

Port Strategy and Financial Implications Terminales Portuarios Euroandinos Paita S.A., nestled in the Peruvian transport sector, has been tight-rope walking through its debt landscape. Announcing a successful consent solicitation on November 13, 2026, they've taken a significant step towards reconfiguring their long-term financing game. This puppet show of paperwork...

PenFed Fuels Aggie Spirit with Blackout Game Activation

A Different Kind of Game Day Experience Ah, there's nothing quite like the vibrancy of a Texas A&M game day, especially when it's a blackout event. On November 14, fans aren't just getting the good old college football thrills; they're diving headfirst into an extravaganza, courtesy of PenFed Credit Union. You might know them as the go-to credit union for military folks,...

SmallRig Boosts Art-Driven Innovation in AI Era

The Interplay of Art and AI In a world where the lines between man and machine blur faster than ever, creators like SmallRig are boldly asking: what role should authenticity play when AI takes the stage? The Shenzhen International Art Museum and SmallRig stood shoulder to shoulder, tackling this head-scrambling question with a global gathering of art and tech giants. It's...

Fly-E Faces Revenue Drop Amid Retail Restructuring

Downturn Despite Strategic Restructuring Today, we're diving into Fly-E Group, Inc. (NASDAQ:FLYE) and the latest shakeup in their financials—spoiler alert, it's riding a downward slope. Quarter two of fiscal 2027 didn't exactly shine a light on profitability. Net revenues slid, dropping to $2.6 million this quarter, down from $3.9 million the previous year. Tack that up...

LA Fitness ELEVATE Opens at RITHM: A New Era Dawns

Elevating Fitness at RITHM: A New Era Has Begun RD Management just dropped a new ace in Tampa Bay’s hand—LA Fitness ELEVATE at the RITHM at Uptown. They lit up the scene with this 30,000-square-foot beast of a gym, and I’ll tell you, it’s not your standard run-of-the-mill joint. When you toss twelve-and-a-half million bucks into a pot, you're aiming to lure folks...

FiEE Rockets to Profitability with 382% Revenue Surge

Big Moves in the Tech Jungle: FiEE's Comeback Let's chew the fat on FiEE, Inc., a company that's left its hardware-heavy past in the dust and grabbed the bull by the horns with fresh, AI-driven brand tech solutions. We're talking a whopping 382.1% revenue increase. Now, that's not chump change. From barely scraping $2 million last year to raking in $9.6 million just for...