Interim report January-September 2011

Interim report January-September 2011

Strong sales and profit trend continues

  · Net revenues amounted to MSEK 697 (575) for the third quarter and
MSEK 2,162 (1,671) for the January-September period
  · Profit after financial items amounted to MSEK 105.3 (100.2) for the
third quarter and MSEK 337.1 (303.8) for the January-September period
  · The operating margin was 15.6 percent (17.8) for the third quarter
and 16.0 percent (18.6) for the January-September period
  · Earnings per share totaled SEK 2.47 (2.39) for the third quarter and
SEK 8.05 (7.40) for the January-September period
  · The balance sheet remained strong and the net debt/equity ratio was
1.2 percent (neg: 3.6)

Group
Demand remained favorable during the quarter. Invoicing in comparable
units rose 15 percent. All three subsidiaries grew organically, with the
highest growth reported by Habia. Order bookings in comparable units
rose 9 percent.

The increase in volumes had a positive impact on profitability, while
higher prices for input materials and price pressure in certain customer
segments resulted in weaker margins. Profit after financial items
amounted to MSEK 105.3 (100.2) for the quarter.

During the third quarter, order bookings amounted to MSEK 677 (589), up
15 percent. Invoicing rose 21 percent to MSEK 697 (575). In comparable
units, order bookings increased 9 percent and invoicing 15 percent.
Adjusted for currency effects, order bookings in comparable units rose
11 percent and invoicing 17 percent.
Operating profit totaled MSEK 109.0 (102.2) and the operating margin was
15.6 percent (17.8). Profit after financial items amounted to 105.3 MSEK
(100.2). Earnings per share after tax totaled SEK 2.47 (2.39). Cash flow
after capital expenditures amounted to MSEK 77.6 (54.8).

During the January-September period, order bookings increased 29 percent
to MSEK 2,199 (1,707). Invoicing amounted to MSEK 2,162 (1,671), up 29
percent. In comparable units, order bookings rose 11 percent and
invoicing 12 percent. Adjusted for currency effects, order bookings in
comparable units rose 16 percent and invoicing 17 percent.

Operating profit amounted to MSEK 346.4 (310.2) and the operating margin
was 16.0 percent (18.6). Profit after financial items totaled MSEK 337.1
(303.8). Earnings per share after tax amounted to SEK 8.05 (7.40).

Cash flow after capital expenditures totaled MSEK 123.6 (127.3). Cash
flow was charged with corporate acquisitions amounting to MSEK 71.9
(65.0). Net debt at the end of the quarter totaled MSEK 17.3 (net cash:
48.4).

If you have any questions, please contact:
Bertil Persson, President and CEO, Telephone +46 8 506 427 50,
bertil.persson@beijeralma.se (bertil.persson@beijeralma.se)
Jan Blomén, Chief Financial Officer, Telephone +46 18 15 71 60,
jan.blomen@beijeralma.se (jan.blomen@beijeralma.se)

Read more at: www.beijeralma.se (http://www.beijeralma.se/)