Resilience through transition
The Group’s underlying resilience is gradually being strengthened through efficiency measures, cost control and an increased focus on recurring revenue streams. Overall, our operating margin remains below target; however, two of our three business units have succeeded in maintaining their margins whilst undergoing structural changes.
Our expectations for the financial outcomes are higher than our performance so far this year. Project order intake remains weak, whilst demand in other areas of the business is stable overall, although at a relatively low level. However, behind the figures, activities are taking place that are laying the foundations for the future. An example is the numerous new customer projects currently being undertaken by several of our companies, where volumes are gradually being ramped up. We are also seeing a general increase in the number of enquiries from several market segments.
Lennart Persson, President and CEO
