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Interim report Q3, July – September 2017

Net sales for the quarter increased by 17.1 per cent to SEK 1,505m (1,285), including a negative impact of exchange rates of –0.4 per cent. Organic growth was –2.8 per cent. Operating profit amounted to SEK 169m (195). Operating profit, adjusted amounted to SEK 169m (203). Cash flow from operating activities amounted to SEK 135m…

President and CEO Henri de Sauvage-Nolting comments on the results for the third quarter of 2017

The third quarter has been challenging, mainly due to the consequences from a fire on a production line in the factory in Turnhout, Belgium. This has created ripple effects such as production capacity constraints in our factory network, which has to some extent been compensated by additional shifts in other factories and outsourced volumes. In total, this has resulted in lower production volumes and higher production costs. In addition, organic sales have continued to decline, mainly due to specific challenges in a few markets.