eWork Scandinavia AB reported consolidated and parent earnings results for the second quarter and six months ended June 30, 2012. For the quarter, on consolidated basis, the company reported operating profit of SEK 16.0 million, profit before tax of SEK 16.2 million and profit after tax of SEK 11.9 million or SEK 0.71 per diluted share on net sales of SEK 877.2 million compared to operating profit of SEK 14.7 million, profit before tax of SEK 15.1 million and profit after tax of SEK 10.9 million or SEK 0.65 per diluted share on net sales of SEK 670.9 million reported a year ago. Cash flow from operating activities was SEK 26.0 million or SEK 1.55 per share compared to cash used in operating activities of SEK 7.9 million or SEK 0.47 per share reported a year ago. The improvement in profitability is due primarily to the substantial increase in sales compared with the same period last year. That the period's increase in profitability is lower percentage-wise than the rise in net sales is due to the growth being essentially composed of outsourcing contracts with high volume but lower margins than standard contracts. The proportion of takeover contracts also has an effect on margins. Acquisition of property, plant and equipment was SEK 0.21 million compared to SEK 0.20 million reported a year ago. Return on equity was 10.4% compared to 11.3% reported a year ago. For the six months, on consolidated basis, the company reported operating profit of SEK 30.0 million, profit before tax of SEK 30.2 million and profit after tax of SEK 22.3 million or SEK 1.33 per diluted share on net sales of SEK 1,747.0 million compared to operating profit of SEK 25.4 million, profit before tax of SEK 25.7 million and profit after tax of SEK 25.4 million or SEK 1.11 per diluted share on net sales of SEK 1,281.2 million reported a year ago. Cash flow from operating activities was SEK 45.4 million or SEK 2.70 per share compared to cash used in operating activities of SEK 8.4 million or SEK 0.50 per share reported a year ago. Acquisition of property, plant and equipment was SEK 0.21 million compared to SEK 0.20 million reported a year ago. Return on equity was 20.3% compared to 20.3% reported a year ago. The parent company's net sales for the second quarter amounted to SEK 687.1 million compared to SEK 512.9 million reported a year ago. Operating profit was SEK 15.1 million compared to SEK 14.4 million reported a year ago. Profit after tax was SEK 11.2 million compared to SEK 11.3 million reported a year ago. Profit after financial items was SEK 15.18 million compared to SEK 15.41 million reported a year ago. The parent company's net sales for the first half year were SEK 1,382.0 million compared to SEK 967.2 million reported a year ago. Operating profit amounted to SEK 29.0 million compared to SEK 25.5 million reported a year ago. Profit after tax was SEK 21.2 million compared to SEK 19.2 million reported a year ago. Profit after financial items was SEK 28.79 million compared to SEK 26.25 million reported a year ago. All in all, the Board of Directors is of the opinion that the company is expected to grow more than the market, and report higher sales and improved operating results in 2012 compared with 2011.