Organic sales recovered in Q2 21 (+8%). All divisions grew at the same pace. The operating margin before amortisation rebounded to 5.6% of sales (+1.6pt). It included COVID-19-related government grants and support of SEK195m (SEK400m in H1 21) or 0.7pt of sales in order to offset the increase in idle-time costs. Except for this item, the margin improvement was attributable to the strong top line, lower provision for bad debt, higher efficiency related to the transformation programmes and cost sa ....
29 Jul 2021
Strong recovery in Q2 21
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Strong recovery in Q2 21
- Published:
29 Jul 2021 -
Author:
Hélène Coumes -
Pages:
3
Organic sales recovered in Q2 21 (+8%). All divisions grew at the same pace. The operating margin before amortisation rebounded to 5.6% of sales (+1.6pt). It included COVID-19-related government grants and support of SEK195m (SEK400m in H1 21) or 0.7pt of sales in order to offset the increase in idle-time costs. Except for this item, the margin improvement was attributable to the strong top line, lower provision for bad debt, higher efficiency related to the transformation programmes and cost sa ....