First quarter 2025

• Net sales increased by 6% to SEK 1,326 million (1,253).
  Adjusted for currency and acquisitions, net sales decreased by 3%.
  
• Adjusted operating profit increased to SEK 97 million (67), corresponding to an adjusted operating margin of 7.3% (5.3). Operating profit increased to SEK 86 million (67), corresponding to an operating margin of 6.5% (5.3). For comparable units, excluding acquisitions and items affecting comparability, the operating margin amounted to 7.3%.
  
• Adjusted earnings per share after dilution amounted to SEK 1.14 (0.68). Earnings per share after dilution amounted to SEK 0.90 (0.77).
  
• Cash flow from operating activities amounted to SEK 68 million (31).

CEO Erik Stenfors comments on the report:
 
“The acquisition of Leden Group strengthens our expertise and presence in Finland and the Baltic countries and has already opened doors to new customer dialogues. The company has shown good profitability and is now being rapidly integrated into our operations.
 
Despite a continued weak economic situation, we see organic growth towards the end of the quarter, driven by new business. Our offering of complete and regional manufacturing is well-timed, not least in light of new tariffs and increased geopolitical uncertainty.
 
With a strong start to the year, a stable financial position, and further planned activities, we confidently reiterate our financial targets, including an operating margin of 8% for the full year 2025.”