Highlights
- Order intake was SEK 18.9 (17.0) billion, an organic increase of 15 percent.
- Net sales was SEK 16.2 (15.8) billion, an organic increase of 6 percent.
- Adjusted EBITA increased by 7 percent to SEK 2.8 (2.6) billion, corresponding to a margin of 17.3 (16.7) percent.
- Strong cash flow from operating activities of SEK 3.7 (2.9) billion.
- Earnings per share of SEK 4.77 (4.29).
Summary
Third quarter
Order intake increased by 15 percent* to SEK?18,927 (17,032) million.
Net sales increased by 6 percent* to SEK?16,208 (15,768) million.
Adjusted EBITA**: SEK 2,800 (2,626) million.
Adjusted EBITA margin**: 17.3 (16.7) percent.
Result after financial items: SEK?2,529 (2,345) million.
Net income: SEK 1,983 (1,781) million.
Earnings per share: SEK 4.77 (4.29).
Cash flow from operating activities: SEK?3,745 (2,932) million.
First nine months
Order intake increased by 6 percent* to SEK?56,116 (53,822) million.
Net sales increased by 8 percent* to SEK?48,643 (45,759) million.
Adjusted EBITA**: SEK 8,166 (7,391) million.
Adjusted EBITA margin**: 16.8 (16.2) percent.
Result after financial items: SEK?7,166 (6,396) million.
Net income: SEK 5,369 (4,811) million.
Earnings per share: SEK 12.92 (11.56).
Cash flow from operating activities: SEK?8,126 (5,278) million.
Return on capital employed (%) **: 22.8 (19.4).
Net debt to EBITDA, times **: 0.61 (1.19).
* Excluding currency effects. ** Alternative performance measures.
Outlook for the fourth quarter
"We expect demand in the fourth quarter to be on a lower level compared to the third quarter."
Earlier published outlook (July 23, 2024): We expect demand in the third quarter to be on a somewhat lower level compared to the second quarter."
The Q3 2024 report has been reviewed by the company's auditors.
