CEO’s comment on interim report January-September 2018:
The impressive commitment and positive energy from my colleagues is continuing to yield results. Every day we make a difference by developing smart technology that creates benefits for end users and enhances the competitiveness of our customers. Both customer satisfaction and internal commitment are at very high levels, which were confirmed in the financial performance. For the second consecutive quarter, we have doubled our operating profit year-on-year. Our profound expertise in product development, production optimisation and aftermarket are sought after in the market. At the same time, the shift towards more attractive business and delivery models, together with increased internal efficiency and productivity is producing clear results.
Demand for our offering is favourable in all industries, and this has helped to balance the distribution of our operations between industries. Our new office in Södertälje and the deeper collaboration with AstraZeneca are examples of our focus on Life Science. Our inter-disciplinary expertise can be transferred between departments, markets and business areas. Demand is strong for smart, digital solutions, such as AI, automation and electrification, which offers us a good position and we can leverage the breadth of our offering. Everything from maximising operating time through smart product information to automated solutions, such as the new collaboration with Powercell to manufacture green fuel cells.
Rising demand for digital solutions in combination with our in-depth expertise in R&D has played a part in the improved results. Engineering Services reported a strong earnings trend compared with the year-earlier period, with earnings improving primarily in Sweden and Norway. The Product Information business area, which had a challenging start to the year, improved its results in the third quarter and the positive trend is expected to continue back to previous profitability levels. The acquisition of Haas-Publikationen GmbH, completed in April, is boosting earnings.
With additional measures to strengthen margins and favourable market conditions, we are confident of a positive earnings trend for the Group at the end of the year. We have fantastic employees, a good position and an attractive offering that together provide the right conditions for continued profitable growth.