Ratos sees profits after tax decline in Q3

Ratos reported profits after tax of SEK 183m for the quarter, down from close to SEK 1bn in Q3 2012. Results before tax stood at SEK 252m. Earnings per share amounted to SEK 0.4.

The report describes the Nordic market as sluggish in terms of activity, "despite better access to finance", but the firm sees signs of higher activity in 2014 due to stabilising markets.

Ratos CEO Susanna Campbell said her overall view of the market trend is cautiously optimistic and that Ratos expects a continued recovery that will continue into 2014.

"Ratos's earnings performance will continue to vary between individual quarters and should be viewed over a longer period of time – our business model is about creating value over time," said Campbell in a statement.

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• Topics
• Nordics
• Sweden
• Ratos Holding