Further improvement to profitability The operating margin and earnings per share continued to improve, while Enea’s sales for the third quarter were lower than in the third quarter last year. The profitability target of a 20 percent operating margin was reached for the second consecutive quarter.
Net sales for the third quarter amounted to
The operating profit for the third quarter amounted to
Earnings per share increased to
Cash flow from operations amounted to
(third quarter previous year in brackets)
· Net sales,
(January to September previous year in brackets)
· Net sales,
1) Earnings per share is calculated based on profit after tax for the remaining business.
“We have improved our operating margin in every quarter of 2013. We achieved an operating margin of 21.6 percent over the third quarter, which is also better than our long-term profitability target of 20 percent. This is the second consecutive quarter in which we have exceeded our target. Enea has shown that it is possible to create high profit margins despite a weak market. This is due to organizational and structural changes implemented over the last 24 months. We now have an efficient organization with a lot of flexibility, and we focus on areas offering high profitability. This has allowed us to maintain a high level of investment in research and development.
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