INTERIM REPORT Q2 2024/2025

DEVELOPMENT IN THE BUSINESS AREAS

AUTOMATION
Net sales in Automation in the second quarter amounted to SEK 837 million (862) and EBITA amounted to SEK 100 million (114). Net sales during the period amounted to SEK 1,747 million (1,759) and EBITA amounted to SEK 217 million (223). 

Market
Overall, the Automation business area had a stable market situation in the second quarter. Sales decreased slightly compared with the preceding year, partly due to challening comparison figures but also due to weaker demand during the first quarter of the year. The decrease in sales also affected the operating margin somewhat negatively. In the second quarter, demand was stable for the companies operating within the engineering and process industries while it was weak in medical technology. The market situation remained favourable in the defence industry. 

ELECTRIFICATION
Net sales in Electrification increased in the second quarter by 4 percent to SEK 1,069 million (1,029) and EBITA increased by 3 percent to SEK 141 million (137). Net sales during the period increased by 7 percent to SEK 2,188 million (2,053) and EBITA increased by 9 percent to SEK 291 million (267). 

Market
The market situation was highly favourable for the Electrification business area as a whole in the second quarter. On the whole, sales were stable albeit with variations between market segments. Demand was good in the engineering, medical technology, electronics and defence industries, while it was stable in special vehicles and energy. 

ENERGY
Net sales in Energy increased in the second quarter by 12 percent to SEK 1,452 million (1,297) and EBITA increased by 25 percent to SEK 214 million (172). Net sales during the period increased by 7 percent to SEK 2,911 million (2,725) and EBITA increased by 15 percent to SEK 426 million (370). 

Market
The Energy business area had a very positive market position in the second quarter and very good sales growth. Demand was highly favourable for infrastructure products for the conversion and extension of national and regional grids, as well as for niche products for electrical transmission, and products and solutions for data halls. On the whole, the market situation was stable in the engineering industry and improved in wind power, while it remained weak in building and installation. The market situation was weak in the build-out of fiber-optic networks, while it was positive for the units operating in the area of traffic safety. The revaluation of contingent purchase considerations affected profit for the quarter negatively by about SEK 4 million.

INDUSTRIAL SOLUTIONS
Net sales in Industrial Solutions increased in the second quarter by 2 percent to SEK 847 million (835) and EBITA amounted to SEK 179 million (194). Net sales during the period increased by 3 percent to SEK 1,815 million (1,758) and EBITA increased by 12 percent to SEK 395 million (351). 

Market
The Industrial Solutions business area had a weak market situation in the second quarter. For the companies exposed to the forest and sawmill industries, order intake remained weak, while sales were favourable. The market situation in the engineering segment was stable but weakened further in special vehicles. Demand was favourable in subsea, as well as in waste and recycling. The business area was affected positively by an unrealised exchange rate gain of about SEK 4 million over the quarter.

PROCESS TECHNOLOGY
Net sales in Process Technology increased in the second quarter by 8 percent to SEK 929 million (863) and EBITA increased by 8 percent to SEK 135 million (124). Net sales during the period increased by 14 percent to SEK 1,916 million (1,687) and EBITA increased by 18 percent to SEK 278 million (236). 

Market
For the Process Technology business area, the business situation was favourable in the second quarter of the year, with favourable sales growth in most markets. On the whole, demand was stable in the energy, forest and process industries, as well as for aftermarket components and solutions, and for service, while it was weak in special vehicles and in the engineering segment. The market situation was favourable in the marine segment and medical technology. The revaluation of contingent purchase considerations affected profit for the quarter negatively by about SEK 2 million.

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