Nacka,
"Demand was mixed during the quarter and order volumes decreased, primarily due to lower order intake for vacuum equipment," said
Order volumes for industrial compressors remained essentially unchanged, orders for portable compressors decreased and orders for vacuum equipment decreased significantly, driven by lower demand from the semiconductor industry. Order volumes for industrial assembly and vision solutions, as well as for gas and process compressors, on the other hand increased. Solid order growth was achieved for the service business in all business areas.
The order intake in the fourth quarter reached MSEK 36 148 (33 525), an organic decline of 7%. Revenues increased 16% organically to MSEK 40 054 (29 533). Operating profit was MSEK 7 810 (6 248), corresponding to a margin of 19.5% (21.2). Adjusted operating profit, excluding items affecting comparability, reached MSEK 8 029 (6 462), corresponding to a margin of 20.0% (21.9). The margin was negatively affected by higher costs related to continued supply chain constraints, higher costs for purchased material, and dilutions from recent acquisitions. Currency had a small positive effect on the margin for the Group. Return on capital employed was 29% (27).
Looking ahead, in the near term,
The Board of Directors proposes an ordinary dividend of
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