Financial year 2014/15 (1 April 2014-31 March 2015)
- Revenue increased by 3 percent to MSEK 7,903 (7,648).
- Operating profit rose by 32 percent to MSEK 450 (340) and the operating margin was 5.7 percent (4.4).
- Profit after net financial items increased to MSEK 408 (286).
- Net profit after taxes rose by 43 percent to MSEK 306 (214).
- Earnings per share increased to SEK 10.90 (7.60).
- The return on equity for the year was 14 percent (10).
- The equity/assets ratio at year-end was 45 percent (43).
- A dividend of SEK 4.00 (3.50) per share is proposed.
Fourth quarter (1 January-31 March 2015)
- Revenue increased by 2 percent to MSEK 1,994 (1,960).
- Operating profit rose by 8 percent to MSEK 111 (103), corresponding to an operating margin of 5.6 percent (5.3).
- Profit after net financial items increased to MSEK 100 (90).
- Profit after taxes amounted to MSEK 75 (69).
- Earnings per share rose to SEK 2.70 (2.45).
PRESIDENT’S STATEMENT
As we summarise the 2014/15 financial year, we can look back at a year of positive transitions in the Group. It is gratifying to be able to highlight the earnings improvement reported by TOOLS Sweden, which has increased their profit with approximately MSEK 60, as well as the fact that all of our business areas increased their operating profit during the year.
Our profitability measurement (P/WC*) increased to 25 percent during the year. While this means that, as a Group, we still have more work to do before we will achieve our business objective of P/WC > 45 percent, a couple of our units have already exceeded this target. We now have a well-established decentralised organisation with clearly defined activities to enable us to continuously improve. We are continuing to develop our operations – all with the aim of being the best choice for customers.
In conclusion, I would like to take this opportunity to extend my sincere thanks to all of our dedicated employees for your many outstanding efforts during the year. I would also like to thank our customers and business partners for continuing to believe in us. I look forward to an exciting new financial year together with you all.
Stockholm, May 2015
Ulf Lilius President & CEO
* Working capital = Inventories + Accounts Receivable – Accounts Payable.
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