Q2_EN_aug_19_HQ | Page 30

NWG // THE GROUP
Condensed quarterly consolidated income statements
SEK million
2020 2019 2018
Quarter Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1
Net sales 1 314.5 1 440.9 2 024.1 1 685.5 1 689.0 1 504.9 1 943.4 1 551.2 1 523.2 1 272.8
Goods for resale -799.7 -810.2 -1 079.2 -923.2 -903.3 -795.3 -1 042.3 -835.3 -804.2 -677.5
Gross profit 514.8 630.7 944.9 762.3 785.7 709.6 901.1 715.8 719.0 595.4
Gross profit margin % 39.2 43.8 46.7 45.2 46.5 47.1 46.4 46.1 47.2 46.8
Other operating income 61.4 20.6 32.3 12.9 15.5 17.2 28.3 19.3 11.3 15.9
External costs -187.7 -311.1 -343.8 -300.3 -330.2 -338.4 -390.6 -323.5 -305.1 -317.2
Personnel costs -209.1 -292.8 -307.6 -278.7 -290.5 -283.0 -298.0 -257.7 -260.9 -246.4
Depreciations and write-downs -57.8 -60.1 -73.6 -55.7 -52.8 -51.0 -21.6 -20.2 -18.5 -17.6
Other operating costs -11.4 -10.4 -12.4 -11.3 -7.7 -8.2 -9.8 -15.0 -8.3 -11.8
Share of associated companies' result -0.1 -0.9 0.6 -0.2 -0.3 -0.2 0.1 -1.3 -0.3 0.4
Operating result 110.1 -24.1 240.3 129.1 119.6 46.0 209.4 117.5 137.3 18.6
Financial income 2.9 0.5 2.8 2.5 2.2 1.3 1.5 0.7 1.8 1.5
Financial expenses -20.2 -18.4 -24.1 -19.5 -18.1 -15.3 -14.2 -12.3 -8.2 -11.7
Result before tax 92.8 -42.1 219.1 112.1 103.6 32.0 196.6 105.9 130.9 8.4
Tax expense -19.9 5.1 -53.1 -17.6 -19.9 -6.0 -37.7 -17.5 -24.2 -2.4
Result for the period 72.9 -36.9 165.9 94.4 83.7 26.0 158.9 88.4 106.8 6.0
Total other comprehensive income
for the period -212.4 205.5 -131.5 126.9 16.2 86.3 2.7 -37.8 121.1 71.7
Total comprehensive income for the
period
-139.5 168.6 34.4 221.4 99.9 112.3 161.6 50.5 227.9 77.7
Earnings per share before and after
dilution (SEK)* 1.11 -0.54 2.53 1.45 1.28 0.41 2.42 1.36 1.60 0.10
2017 2016 2015
Quarter Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1
Net sales 1 630.3 1 331.1 1 371.7 1 264.2 1 548.6 1 300.4 1 257.3 1 130.8 1 405.3 1 272.0 1 191.3 1 096.1
Goods for resale -886.8 -692.8 -745.7 -692.8 -832.3 -693.3 -685.0 -616.3 -773.5 -697.8 -659.1 -595.7
Gross profit 743.5 638.2 626.0 571.4 716.3 607.1 572.3 514.5 631.8 574.2 532.2 500.4
Gross profit margin % 45.6 47.9 45.6 45.2 46.3 46.7 45.5 45.5 45.0 45.1 44.7 45.7
Other operating income 22.9 10.4 7.0 10.9 14.9 14.5 12.2 9.4 8.0 22.1 7.8 9.3
External costs -304.9 -265.4 -270.1 -288.6 -300.1 -268.5 -249.6 -279.8 -284.0 -273.0 -258.9 -270.1
Personnel costs -262.2 -217.1 -233.0 -228.1 -242.9 -208.3 -213.0 -217.4 -231.5 -202.8 -212.0 -205.3
Depreciations and write-downs -18.2 -16.4 -15.7 -15.0 -15.2 -14.1 -13.4 -13.2 -14.2 -13.7 -14.3 -14.9
Other operating costs -6.1 -7.4 -3.9 -7.8 -6.2 -5.8 -8.1 -5.6 -1.7 -9.3 -6.7 -18.5
Share of associated companies' result -2.5 0.6 0.2 0.4 0.2 0.0 -0.2 0.2 0.0 -1.2 0.6 0.9
Operating result 172.5 143.0 110.5 43.2 167.0 124.9 100.2 8.1 108.4 96.3 48.7 1.8
Financial income 1.3 1.6 1.0 1.3 0.0 1.0 0.9 1.2 0.7 1.4 3.2 1.9
Financial expenses -14.3 -14.8 -14.1 -13.8 -15.9 -16.4 -15.7 -15.0 -28.6 -19.0 -16.9 -17.0
Result before tax 159.4 129.8 97.4 30.7 151.1 109.5 85.4 -5.7 80.5 78.7 35.0 -13.3
Tax expense -12.6 -24.5 -20.3 -5.8 -23.3 -23.0 -18.4 1.1 -17.2 -13.6 -7.2 2.4
Result for the period 146.8 105.3 77.0 24.9 127.8 86.5 67.0 -4.6 63.3 65.1 27.8 -10.9
Total other comprehensive income
for the period 45.3 -43.3 -42.4 -12.2 35.1 26.4 47.2 -15.5 -36.9 7.1 -43.9 101.7
Total comprehensive income for
the period
192.1 62.0 34.7 12.7 162.9 112.9 114.2 -20.1 26.4 72.2 -16.1 90.8
Earnings per share before and after
dilution (SEK)* 2.20 1.60 1.16 0.38 1.90 1.31 1.01 -0.06 0.94 0.98 0.41 -0.17
* The average number of outstanding shares. before and after dilution, has been 66,343,543 in all periods in the table.
30 // Q2