Interim report 1-6/2011
GROUP KEY FIGURES
| MEUR | 4-6/11 | 4-6/10 | 1-6/11 | 1-6/10 | 2010 |
| Net sales | 32.6 | 28.4 | 62.7 | 54.2 | 114.1 |
| Operational segment result | 2.2 | 0.6 | 4.3 | 0.7 | 5.3 |
| % of net sales | 6.7 | 2.2 | 6.9 | 1.3 | 4.6 |
| Operating profit/loss | 1.7 | 0.1 | 3.3 | -0.3 | 3.3 |
| % of net sales | 5.2 | 0.4 | 5.3 | -0.5 | 2.9 |
| Profit/loss before taxes | 1.2 | -0.3 | 2.7 | -1.4 | 1.5 |
| Profit/loss for the period | 0.8 | -0.1 | 2.0 | -1.1 | 0.9 |
| Equity ratio, % | 45.3 | 44.1 | 45.3 | 44.1 | 43.1 |
| Net gearing, % | 39.2 | 45.5 | 39.2 | 45.5 | 40.4 |
| Earnings per share, eur | 0.04 | -0.01 | 0.10 | -0.05 | 0.05 |
| Earnings per share (diluted), eur | 0.04 | -0.01 | 0.10 | -0.05 | 0.05 |
| Equity per share, eur | 2.71 | 2.50 | 2.71 | 2.50 | 2.69 |
CEO Pekka Eloholma comments:
"Second quarter net sales grew by 15% to 32.6 MEUR. Net sales grew in all countries, Baltic and Sweden having the highest growth rate. EBIT grew to 1.7 MEUR and was 5% of net sales. The quarter was better than the same quarter in the previous two years regarding both the net sales and EBIT."
"The first half of year 2011 was rather good. The market situation and demand for our services was on a normal level and we believe that the market in our focus areas (BI and ECM) continues to grow by 6-8%/year. Our main goal for this year, profit improvement, has actualized in other countries, but the ongoing growth-oriented development actions caused the result in Sweden to remain negative. We believe that also the Swedish business turns profitable during the year."
"Affecto's order backlog is 50.7 MEUR, which is 12% higher than in Q2/2010 (45.4 MEUR). The order backlog and the good level of customer activity strengthen our belief in continuing positive business conditions."
"In 2011 the main focus is on profit improvement. Operating profit is estimated to at least double compared to year 2010. The net sales are estimated to grow at least by 10% in year 2011."