The second quarter:
- Order intake was MSEK 2,131 (2,107), an increase of +1.1% adjusted to +0.8% for currency effects of MSEK +7
- Net sales were MSEK 2,167 (2,147), an increase of +0.9% adjusted to +0.9% for currency effects of MSEK +1
- Operating profit was MSEK 196.4 (201.6), a decrease of -2.6% with an operating margin of 9.1 (9.4)%
- Earnings after tax were MSEK 108.7 (119.4)
- Earnings per share were SEK 0.62 (0.68)
- Cash flow from operating activities was MSEK 279.1 (326.1)
Comment from CEO Bodil Sonesson:
A return to growth with stronger gross margins and we are implementing enhanced cost controls, the outlook is positive.
Webcast
An investor webcast following the Quarter 2 Report 2024 will be held on 19 July 2024 at 09:30 CET.
A link to the webcast and a management presentation will be available on https://www.fagerhultgroup.com/investors.
Contacts
Bodil Sonesson CEO, mobile: +46 722 23 76 02 e-mail: bodil.sonesson@fagerhultgroup.com
Michael Wood CFO, mobile: +46 730 87 46 47 e-mail: michael.wood@fagerhultgroup.com
About Us
The Fagerhult Group is one of Europe's leading lighting companies with 4,100 employees in 27 countries and a turnover of 8.560 MSEK in 2023. We consist of 12 brands organized into four business areas - Collection, Premium, Professional and Infrastructure.
All our brands produce high-quality professional lighting solutions and we work mainly on specifications together with our partners. Together we cover almost every professional lighting application and our presence is worldwide.
This information is information that Fagerhult Group is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-07-19 09:00 CEST.
