Bergman & Beving AB Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
October 20, 2022 at 01:45 am EDT
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Bergman & Beving AB (publ) reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was SEK 1,073 million compared to SEK 1,014 million a year ago. Revenue was SEK 1,077 million compared to SEK 1,014 million a year ago. Net income was SEK 48 million compared to SEK 50 million a year ago. Basic earnings per share from continuing operations was SEK 1.8 compared to SEK 1.9 a year ago. Diluted earnings per share from continuing operations was SEK 1.8 compared to SEK 1.85 a year ago.
For the six months, sales was SEK 2,273 million compared to SEK 2,207 million a year ago. Revenue was SEK 2,280 million compared to SEK 2,208 million a year ago. Net income was SEK 102 million compared to SEK 97 million a year ago. Basic earnings per share from continuing operations was SEK 3.85 compared to SEK 3.65 a year ago. Diluted earnings per share from continuing operations was SEK 3.85 compared to SEK 3.65 a year ago.
Bergman & Beving AB, formerly B&B Tools AB, is a Sweden-based supplier of industrial consumables, industrial components and related services for the industrial and construction sectors in the Nordic region. The Companyâs activities are divided into five business areas, namely: Tools and Machinery, Personal Protective Equipment, Fastening Elements, Industrial and Construction Consumables and Workplace Equipment. Its range of products includes hand tools, metal and woodworking machinery, cutting tools, compressed air technology, personal protective equipment, work clothes, first aid equipment, fastening elements, screws, adhesives, kitchen fixtures, electrical devices and lighting, workplace equipment, environmental assurance and lifting devices, among others. The Companyâs customers comprise mainly of companies operational within the industrial and construction sectors.