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Studsvik AB: Studsvik’s Interim Report for January – June 2014

NYKÖPING, Sweden--(BUSINESS WIRE)--Regulatory News:

Studsvik AB (STO:SVIK):

· Sales in the quarter were SEK 224.8 (266.5) million. In local currencies sales decreased by 22 per cent.

· Operating profit for the quarter was SEK 0.1 (13.1) million. Items affecting comparability impact earnings by SEK 0.2 (11.2) million.

· Cash flow after investments was SEK –26.6 (18.5) million

  April-June 2014   April-June 2013   Jan-June 2014   Jan-June 2013   Full year 2013
Sales, SEK million 224.8 266.5 444.5 517.4 1,001.30
Operating profit, SEK million 0.1 13.1 5.4 20.4 16
Profit after tax, SEK million –5.5 2.2 –3.9 2.1 – 22.9
Profit per share after tax, SEK –0.68 0.28 –0.47 0.26 – 2.78
Cash flow after investments, SEK million* –26.6 18.5 –45.0 –14.1 –44.7
Equity per share, SEK 33.6 56.84 33.6 56.84 34.83
Interest-bearing net debt, SEK million 105.8 134.7 105.8 134.7 155.7
Net debt/equity ratio, % 38.3 28.8 38.3 28.8 54.4
 

*Refers to total operations. There is a new organization from January 1, 2014. The report presents operations in accordance with that. Unless otherwise stated the information in text and figures refers to operations excluding the USA operations sold.

The interim report will be presented at a telephone conference call according to separate distributed invitation at 1:30 PM today.

Please read the full interim report in the attached file: http://mb.cision.com/Main/4019/9618059/267880.pdf

Facts about Studsvik

Studsvik offers a range of advanced technical services to the international nuclear power industry in such areas as waste treatment, consultancy services and fuel and materials technology. The company has over 65 years’ experience of nuclear technology and radiological services. Studsvik has 900 employees in 7 countries and the company’s shares are listed on the NASDAQ OMX Stockholm.

Studsvik is publishing this information pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The Information was released for public disclosure on July 17, 2014 at 1:00 PM CET.

www.studsvik.com

This information was brought to you by Cision http://news.cision.com

Contacts

Studsvik AB
Pål Jarness, CFO
+46 155 22 10 09