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Nilörngruppen

Nilörngruppen

Nilörngruppen AB: Half year report Q2 2019

08:00 / 19 July 2019 Nilörngruppen Press release

Period April - June
·Order bookings increased by 5 percent to MSEK 171 (163).
·Revenue decreased by 3 percent to MSEK 196 (203).
·Marginal currency effect in the quarter
·Operating profit amounted to MSEK 20.2 (27.3).
·Profit for the period amounted to MSEK 15.1 (21.3).
·Earnings per share amounted to SEK 1.32 (1.87).

Period January - June
·Order bookings were unchanged and amounted to MSEK 366 (365).
·Revenue increased by 5 percent to MSEK 374 (355).
·Revenue adjusted for currency effects amounted to MSEK 361 (355), i.e. an underlying increase of 2 percent.
·Operating profit amounted to MSEK 35.3 (40.7).
·Profit for the period amounted to MSEK 26.1 (30.6).
·Earnings per share amounted to SEK 2.29 (2.68).
·Cash flow from operating activities amounted to MSEK 29.1 (19.2).

Significant events during the quarter
·As previously reported, Easter and the Chinese New Year had a positive calendar effect on the first quarter, at the expense of the second quarter.
·The gross profit margin was negatively affected by a few customers with large volumes of RFID labels. The gross profit margin is expected to recover during the second half of 2019.
·Accounting in accordance with IFRS 16 had the effect of increasing the balance sheet total by about MSEK 60 and gave rise to redistribution of items in the income statement. Refer to Note 3 for a detailed description of its effects.
·Positive development on Nilörn’s new markets, such as Italy and Spain. And several exciting projects in England as well as Germany are under way.
·Real estate investments in the approximate amount of MSEK 30 for the English and Swedish operations.

FOR FURTHER INFORMATION, CONTACT:
Claes af Wetterstedt, President & CEO                               Krister Magnusson, CFO
Telephone: +46-33-700 88 30                                               Telephone: +46-33-700 88 30
Mobile: +46-706 96 29 50                                                      Mobile: +46-704 85 21 14
E-mail: claes.af.wetterstedt@nilorn.com                             E-mail: krister.magnusson@nilorn.com

This information is information that Nilörngruppen is under obligation to publish in accordance with the EU Market Abuse Regulation and the Securities Markets Act. The information herein was provided by the contact person named below for publication at 08:00 a.m., 19 July 2019.

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