Q3 report 2008
Strong earnings improvement for
Business Group Nordic
Consolidated net sales rose 17.2% to SEK 37,016 million (31,589). Operating profit grew 17.5% to SEK 5,591 million (4,760), mainly attributable to Business Group Nordic, which reported a significant earnings improvement primarily for its Generation business unit. Consolidated profit after tax decreased by 29.6% to SEK 2,481 million (3,523). This is mainly due to a non-recurring, positive tax effect of SEK 950 million in Germany during the third quarter of 2007.
- Net sales rose 17.2% during the third quarter, to SEK 37,016 million (31,589), and 11.7% for the period January–September, to SEK 117,679 million (105,310).
- Operating profit rose 17.5% during the third quarter, to SEK 5,591 million (4,760), and 6.9% for the period January–September, to SEK 23,333 million (21,831).
- Profit after tax decreased by 29.6% to SEK 2,481 million (3,523) for the third quarter and by 19.4% to SEK 13,708 million (17,010) for the period January–September. The lower profit after tax is mainly attributable to a non-recurring, positive tax effect in Germany in 2007.
Investor information
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