Development during the quarter
We are pleased to see a steady increase in the positive impact of the tough decisions and measures implemented throughout last year. The extensive restructuring and reorganisation activities that were carried out in terms of both operations and organisations represented a kind of reboot for several of our units. Some work remains to be done, but the focus going forward is to fully capitalise on the adjustments made so far.
Overall, the market situation for the Group’s companies has somewhat stabilised, while investments related to the launch of new production for new customers have begun to deliver returns. However, continued weak demand in several segments, as well as projects being delayed, has prompted further cost-cutting activities.
Group revenue rose by 8 per cent in relation to the previous year’s opening quarter. Operating profit improved by 164 per cent and the operating margin amounted to 9.3 per cent (3.8). The profit margin was 7.0 per cent (2.1). Cash flow from operating activities totalled SEK 18 million (23).
Lennart Persson, President and CEO
