REDDITCH, England, July 31, 2024 /PRNewswire/ -- SECOND QUARTER 2024 Net sales: MSEK 955 (1,098), reported sales were down -13% year-on-year. After adjusting for the impact of currency +1%, sales on a like for like basis, in constant currency year-on-year were down -14%. Operating income: MSEK 24 (175), generating an Operating margin of 2.5% (16.0). After adjusting for the cost associated with a warranty claim of MSEK 100, Operating margin before items affecting comparability was 13.0% (16.0). Net income for the period: MSEK 9 (120), basic EPS of SEK 0.25 (3.15). EPS before items affecting comparability was SEK 2.47 (3.15). Cash flow from operating activities: Cash flow from operating activities was MSEK 103 (138) with a profit to cash conversion ratio of 137% (135), after adjusting for the warranty provision. FIRST SIX MONTHS 2024 Net sales: MSEK 1,958 (2,225), reported sales were down -12% year-on-year. After adjusting for the impact of currency +1%, sales on a like for like basis, in constant currency year-on-year were down -13%. Operating income: Operating income was MSEK 161 (356), generating an Operating margin of 8.2% (16.0). After adjusting for the cost associated with a warranty claim of MSEK 100, Operating margin before items affecting comparability was 13.3% (16.0). Net income for the period: MSEK 109 (241), basic EPS of SEK 2.94 (6.33). EPS before items affecting comparability was SEK 5.16 (6.33). Cash flow from operating activities: Cash flow from operating activities was MSEK 146 (227) with a profit to cash conversion ratio of 79% (97). Group's net debt: MSEK 777 (950), gearing ratio of 35% (42) and Net debt/ EBITDA of 1.33 (1.66). President and ...