The third quarter:
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Order intake was MSEK 1,895 (1,664), an increase of +13.9% adjusted to +14.5% for currency effects of MSEK -7, acquisitions of MSEK +3 and disposals of MSEK -5
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Net sales were MSEK 1,745 (1,700), an increase of +2.6% adjusted to +3.7% for currency effects of MSEK -5, acquisitions of MSEK +4 and disposals of MSEK -16
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Operating profit was MSEK 184.2 (66.8), an increase of +175,7% with an operating margin of 10.6 (3.9)%
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Q3 2021 operating profit was MSEK 184.2 compared to a Q3 2020 adjusted operating profit of MSEK 144.1, an increase of +27.8% with an operating margin of 10.6 (adjusted 8.5)%
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Earnings after tax were MSEK 127.6 (4.9)
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Earnings per share were SEK 0.72 (0.00)
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Cash flow from operating activities was MSEK 201.8 (388.8)
Comments from CEO Bodil Sonesson:
· We are delighted with the continued strong organic order intake, where, despite the supply chain challenges, the service to our customers is at a good level.
· Order intake in the most recent three quarters is more than 1 BSEK ahead of the previous three quarters, evidencing the recovery from the pandemic.
· The year to date operating margin at 10.4 (adjusted 6.0)% remains strong and at a good level compared to the market, despite the supply chain challenges.
· The Group continues the focus on developing industry leading sustainable solutions. A great example of this is “Vitality ReLight” from Whitecroft which delivers solutions that regenerate and re-use rather than replace or re-new.
· The Group’s connected solutions, Organic Response and Seneco continue to grow. Organic Response volumes to the end of the quarter are almost at 100% of the full year 2020 levels.
· Now that we have acquired the remaining shares in the North American subsidiary, we can move forward with a focused long-term strategic initiative in the region.
An investor webcast following the Quarter 3 Report 2021 will be held on 29 October 2021 at 10:00 CET.
A link to the webcast will be available on http://ir.fagerhultgroup.com.
A Management presentation will also be published on http://ir.fagerhultgroup.com.
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