Interim Report 1 January- 30 September 2002
[2002-10-24 10:43]
- Earnings per share increased by 42 percent to 5.55 (3.90)
- Profit before tax amounted to MSEK 303 (219)
- Cash flow after investments continues to be strong, MSEK 250 (171)
- Strong balance sheet, net debt to equity down to 0.39 (0.46)
| | July-Sept 2001 | | Jan-Sept 2001 |
| Net sales, MSEK1 | | 2,718 | | 8,865 |
| Operating profit, MSEK1,2 | | 60 | | 359 |
| Profit before tax, MSEK1,2 | | 26 | | 219 |
| Operating margin, %1,2 | | 2.2 | | 4.1 |
| Deliveries, tonnes1 | | 63,760 | | 214,620 |
| Cash flow after investments, MSEK3 | | 161 | | 171 |
| Debt/equity ratio | | | | 0.46 |
1Excluding Eurofoil and Autoplastics, which were divested in 2001
2Excluding non-recurring items (see note, page 7)
3 Excluding company acquisition/divestment
Comparisons in accordance with the legal structure can be seen from the tables on pages 6 and 7
"In a continued weak market Sapa has managed to retain the positive profit trend which started during the first quarter of the year. The profit improvement seen in the third quarter comes from realised cost savings, but also from increased shares in several markets and a positive productivity development", comments Staffan Bohman, President and CEO of Sapa.
"The order intake during the third quarter gives no indication of an impending up-turn, which gives cause for some uncertainty about the end of the year. "
For further information please contact Staffan Bohman, CEO, tel. +46-8-459 59 11, Bo Askvik, CFO, tel. +46-8-459 59 18 or Gabriella Pihl, Communications Manager, tel. +46-8-459 59 62.
This report is also available on Sapa´s website: www.sapagroup.com. A slide presentation of this release can be downloaded as a PDF-file. Select Financial Information/Quarterly Reports.
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