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Q2 2019/20 - A strong quarter

Second quarter August–October 2019

  • Net sales increased by 15.4 percent to SEK 2,483 million (2,151).
  • Organic growth was 6.0 percent (9.1).
  • Operating profit (EBIT) totalled SEK 284 million (189).
  • The operating margin was 11.4 percent (8.8).
  • Profit after tax amounted to SEK 194 million (126).
  • Earnings per share totalled SEK 3.72 (2.42).
  • Cash flow from operating activities amounted to SEK 271 million (87).

Roland Kasper President and CEO comments:
"During the second quarter, growth was recorded at 15.4 percent, of which 6.0 percent was organic. All regions except the Nordic region show good growth, with Eastern Europe and North America at the forefront. The second quarter of the financial year is usually Systemair’s strongest in terms of earnings. As a result of actions taken and effective capacity utilisation in the majority of factories, the gross margin continued to improve. Operating profit also improved, to SEK 284 million corresponding to 11.4 percent, as against SEK 189 million in the same quarter last year. Over the past nine years, Systemair has shown organic growth during all quarters with one exception."

Contact
President and CEO Roland Kasper
Telephone: +46 (0)222-440 13, +46 (0)730-94 40 13
E-mail: roland.kasper@systemair.se

CFO Anders Ulff
Telephone: +46 (0)222-440 09, +46 (0)70-577 40 09
E-mail: anders.ulff@systemair.se

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Press releases

A weak ending of the year.

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Interim Report Q4 for the financial year 2017/18 will be published at 08:00 CET on June14, 2018.

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A quarter affected by restructuring costs

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