Quarterly information HL Display Holding Group January - September 2011
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Net sales for January - September increased by 1 percent and amounted to MSEK 1 233 (1 226).
Adjusted for currency effects, net sales increased by 8 percent.
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Operating profit for the period was MSEK 84 (75) excluding non-recurring costs of MSEK -20 (-17).
Profit margin (EBIT), excluding non-recurring costs, amounted to 6.8 (6.1) percent. Net profit amounted to MSEK 26 (23). Currency effects affected the operating profit negatively by approximately MSEK 26.
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Net sales for the third quarter 2011 increased by 4 percent to MSEK 408 (392) compared to previous year. Adjusted for currency effects, net sales increased by 9 percent. Operating profit amounted to MSEK 29 (15) excluding non-recurring costs of -10 (-7). Profit margin excluding non-recurring costs amounted to 7.0 (3.8) percent. Net profit was reported as MSEK 6 (0).
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The EBITA margin amounted to 5.3 (4.8) percent. Currency adjusted EBITA margin was 6.9 percent. EBITA for the third quarter amounted to 4.6 (2.2) percent.
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All production in Falun, Sweden will be transferred to HL Display's new factory in Poland.
For the full press release see enclosed file (pdf).
Ratos has through HL Display Holding AB acquired the shares in HL Display AB (publ) in August 2010. At September 17, 2010 the shares were delisted from Nasdaq OMX. This press release presents financial information for the HL Display Holding Group. Comparative data for 2010 is reported pro forma and refers to those previously reported by HL Display AB Group, but restated as if the acquisition of HL Display with related refinancing had instead been made at the beginning of 2010. This means that the presented financial information for 2010 refers to the actual outcome for the HL Display Group, with the addition that financial costs have been increased by an extrapolated interest charge. HL Display applies IFRS. This press release has not been prepared in accordance with IAS 34 Interim Financial Reporting.
HL Display Q3 2011