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Published: 2021-10-19 14:00:00 CEST
ProfilGruppen AB
Interim report (Q1 and Q3)

ProfilGruppen AB: Continued high demand despite raw material prices on all time high

This is a translation of the Swedish version of the report. In case of any discrepancies, the Swedish version shall prevail.
 
Third quarter
· Turnover MSEK 487.6 (324.9), up 50 percent compared to previous year
· Operating profit MSEK 39.9 (3.7), after positive one-off effects of MSEK 24 (0)
· Operating margin 8.2 percent (1.1)
· Net income MSEK 28.8 (0.4)
· Cash flow from operating activities MSEK 45.1 (23.9), of which MSEK 0.0 (3.5) from covid related support meassures
· Earnings per share SEK 3.62 (-0.21)

First nine months
· Turnover MSEK 1,490.3 (1,042.8), up 43 percent compared to previous year
· Operating profit MSEK 123.4 (31.1), after positive one-off effects of MSEK 51 (0)
· Operating margin 8.3 percent (3.0)
· Net income MSEK 90.3 (16.5)
· Cash flow from operating activities MSEK 129.3 (68.0), of which MSEK 0.0 (38.9) from covid related support meassures
· Earnings per share SEK 11.58 (1.59)
 
Fredrik Zöögling, CEO and President of ProfilGruppen, comments:
“The quarter was characterized by a turbulent raw material market, which caused a shortage of raw materials and pushed aluminum prices to completely new levels. Thanks to active external monitoring, we have been able to parry the turbulence in a good way. The positive inventory effects caused by the increased aluminum prices have had a strong effect on our result in the quarter and I the price level remains we expect an even larger effect in the fourth quarter. The doubled energy prices in electricity area 4 have continued to affect us negatively. Our underlying result is not satisfying and we strive to increase it to a sustainable level.
The raw material situation and shortage of components create some unpredictability on the market, despite that we currently experience continued strong demand.”


Interim Report Q3 2021 ProfilGruppen AB Continued High Demand Despite Raw Material Prices On All Time High.pdf