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Interim report Q2 2011


Record earnings and substantially improved sales

 

 * Revenue for the quarter increased 31 per cent at fixed exchange rates and 19 per cent in SEK to the record level of SEK 1,775 M (1,485).

* Operating profit for the second quarter rose 25 per cent to SEK 389 M (311), corresponding to an operating margin of 21.9 per cent (20.9).

* The interim period’s profit after tax was SEK 520 M (358).

* Earnings per share for the quarter were the highest ever posted and amounted to SEK 1.89 (1.46). Earnings per share were 3.57 (2.46) for the six-month period.

* Investments in emerging markets continued during the quarter, including the inauguration of a distribution centre in China