Aros Quality profit grows

Net sales, totaled 2,150 SEK million an increase of 7% from the same period the preceding year, operating profit increased by 26% and earnings per share increased by 38%. . The Group's equity ratio is 63%, an increase of 7 percentage points from 2010. At the end of last year Aros said that global market insecurity would force a reduction of employees and expected earnings for the fiscal year. “The turbulence in international financial markets at the end of the year have revisions, and advanced delivery schedules from a number of clients in Measures to reduce as well as staff costs and other costs have been taken,” a statement by the company said. Several important events were noted in the company's financial statement, for example: Cabling operations were restructured with all european production now concentrated in Poland. Production als started in China mainly for the local market. In October 2011 AQ purchased an additional 42% of the shares in the Bulgarian subsidiary AQ Electric AD to the amount of EUR 1.06 million. The total ownership of the company now amounts to 96%. Summary * Net sales 2150 million (1901) * Operating profit SEK 122 million (97) * Net fine. items 120 M (86) * Orders 2 105 million (2053) * Solidity * 63% (56%)