Investment company Latour AB reported a 3% increase in Q2 net sales to 7.23 billion Swedish crowns, driven by an 11% rise in order intake to 7.81 billion crowns.
On a constant currency basis, net sales rose 4% year-over-year, while order intake climbed 13% for comparable entities. Adjusted operating profit grew 1% to 999 million Swedish crowns, though the operating margin narrowed to 13.8% from 14.1% in the prior-year period.
Latour's net asset value (NAV) stood at 203 Swedish crowns per share at the end of June, a 3.7% decline from 216 crowns at the start of the year after adjusting for dividends. Over the same period, the benchmark SIXRX index rose 8.1%. As of August 18, the NAV had increased to 204 Swedish crowns per share.
