Ratos AB reported consolidated and parent company earnings results for the first quarter ended March 31, 2013. For the quarter, on consolidated basis, the company reported net sales of SEK 5,461 million against SEK 6,822 million a year ago. Operating profit was SEK 1,009 million against SEK 201 million against SEK Profit before tax was SEK 799 million against SEK 6 million a year ago. Profit for the period attributable to owners of the parent was SEK 807 or SEK 2.53 per diluted share against loss for the period attributable to owners of the parent of SEK 1 million or SEK 0.00 per diluted share a year ago. Cash flow used in operating activities was SEK 432 million against SEK 431 million a year ago. Acquisition, other intangible/tangible assets was SEK 126 million against SEK 185 million a year ago. The higher reported result is mainly due to the exit gain from the sale of Stofa. For the quarter, the parent company reported operating loss was SEK 69 million against SEK 50 million a year ago. Loss after financial items was SEK 55 million against SEK 2 million a year ago. Loss for the period was SEK 55 million against SEK 2 million a year ago. Cash flow used in operating activities was SEK 188 million against SEK 54 million a year ago. Acquisition, other intangible/tangible assets was SEK 77 million against SEK 20 million a year ago.

Ratos AB announced that the shareholders at its Annual General Meeting held on 17 April 2013 approved an ordinary dividend of SEK 3.00 per share (5.50) of class A and B. The record date for the right to receive dividends is 22 April and dividends are expected to be paid on 25 April 2013.

Ratos AB, Q1 2013 Earnings Call, May 08, 2013