Interim report January - September 2010

Interim report January - September 2010

Published on 22 October 2010

Third quarter of 2010 - Continued sharp growth, with further
strengthened margins

  · Net sales increased by 46 per cent to 950 MSEK (651).
  · Operating profit increased by 48 per cent and amounted to 120 MSEK
(81).
  · Operating margin was 12.6 per cent (12.4).
  · Profit after tax amounted to 82 MSEK (57).
  · Earnings per share increased strongly and amounted to 3.09 SEK
(2.15).
  · Operating cash flow amounted to 100 MSEK (112).
  · An agreement was signed on 18 October to acquire the global rubber
compounding Group, Excel Polymers.

 

January - September 2010 - Sharp growth with strong margins

  · Net sales increased by 40 per cent to 2,666 MSEK (1,905).
  · Operating profit increased to 323 MSEK (83); excl. items affecting
comparability 323 MSEK (181).
  · Profit after tax totalled 220 MSEK (34); excl. items affecting
comparability 220 MSEK (115).
  · Earnings per share increased to 8.29 SEK (1.28); excl. Items
affecting comparability 8.29 SEK (4.33).
  · Operating cash flow amounted to 279 MSEK (319).

 

President's comments

”Our strong growth continued and we increased sales in the third quarter
by 46 per cent, compared with the corresponding quarter in 2009. We also
continued to improve our already strong operating margin to 12.6 per
cent (12.4). The sales increase was strong in all geographic markets.
Once again, we coped with the volume increase in a flexible and
cost-efficient manner. During the first nine months, earnings per share
increased by 91 per cent to 8.29 SEK (4.33*). Operating profit increased
by 78 per cent to 323 MSEK (181*) and sales rose by 40 per cent to 2,666
MSEK (1,905).

On 18 October, we signed an agreement to acquire the global rubber
compounding group, Excel Polymers. The acquisition will make us the
largest global rubber compounding Group, with estimated annual sales of
about 5,8 billion SEK.”

                                                                        
               Georg Brunstam, President and CEO

For more information, please contact:

Georg Brunstam, President and CEO

 Tel: +46 708 55 12 51

 

Urban Ottosson, CFO/IR
Tel: +46 767 85 51 44