The turnaround in Security Services USA is confirmed and Group full year forecast remains unchanged.
• Sales in the second quarter increased by 5 percent to MSEK 16,234 (14,830), adjusted for changes in exchange rates, acquisitions and divestitures. In the first half of the year sales increased by 4 percent to MSEK 31,429 (29,283), adjusted for changes in exchange rates, acquisitions and divestitures.
• Operating income in the second quarter increased by 7 percent to MSEK 1,032 (955), adjusted for changes in exchange rates. Operating margin was 6.4 percent (6.4). In the first half of the year operating income increased by 8 percent to MSEK 1,969 (1,840), adjusted for changes in exchange rates. Operating margin was 6.3 percent (6.3).
• Income before taxes in the second quarter increased by 4 percent (7 percent adjusted for IAS 39 revaluations and restructuring costs) to MSEK 847 (804), adjusted for changes in exchange rates. In the first half of the year income before taxes increased by 9 percent (9 percent adjusted for IAS 39 revaluations and restructuring costs) to MSEK 1,664 (1,527), adjusted for changes in exchange rates.
• Net income in the second quarter increased by 4 percent to MSEK 628 (604). In the first half of the year the increase was 7 percent to MSEK 1,233 (1,154).
• Earnings per share after full taxes increased by 4 percent to SEK 1.69 (1.62) in the second quarter. In the first half of the year the increase was 7 percent to SEK 3.32 (3.11).
• Free cash flow in the second quarter amounted to MSEK 274 (987) representing 40 percent (150) of adjusted income. In the first half of the year free cash flow amounted to MSEK 540 (1,000) representing 42 (80) percent of adjusted income. The decrease in free cash flow is caused by the increase in organic sales growth, timing differences in payments of social security charges in some European countries and a temporary inventory build up in the Security Systems and Direct divisions.
Interim Report January – June 2005
Published
12 August 2005 12:00
