Strong Quarter for Systemair - in spite of severe climate
(Thomson Reuters ONE) -
Turnover and profit for the Third Quarter (Nov-Jan) for the split fiscal year
2009/2010 are on level with the same period last year. Net turnover decreased by
1 % to 799 MSEK (807) and net profit (EBIT) decreased by 1 % to 66.6 MSEK
(67.3).
Cash Flow from operating activities was 107 MSEK (57) and equity/assets ratio
46.8 % (41.6).
For the fiscal year´s first nine months the net turnover decreased by 5 % to
2,418 MSEK (2,541) and net profit (EBIT) decreased by 34 % to 208 MSEK (316).
Systemairs President and CEO, Gerald Engström, commented:
"We are satisfied with achieved turnover and profit level as for the same
Quarter last year. The strong winter throughout Europe has caused increased
sales in heating products. On the other hand, the weather also has delayed and
stopped a series of building projects, which in turn caused decreased sales in
ventilation products.
Financially, we are very satisfied with our good Cash Flow and strong Balance
Sheet.
We estimate that our market shares are increasing on a number of markets. From
1 January, our largest production plant in Skinnskatteberg has returned to
5-day work week. We are cautiously optimistic for the next Quarters. When the
market turns up, our production plants are well equipped for a substantial
increase in volumes"
The complete interim report is available on www.systemair.com
For further information please contact:
Lars Hansson, Chairman of the Board, +46 70 895 90 02
Gerald Engström, CEO, +46 222 440 01, + 46 70 519 00 01
Glen Nilsson, CFO, +46 222 440 03, + 46 70 654 40 03
Systemair AB, 739 30 Skinnskatteberg, + 46 222-440 00,www.systemair.com
Systemair in brief
Systemair is a leading ventilation company with operations in 38 countries in
Europe, North America, the Middle East, Asia, Africa and Australia. The company
generated a turnover in excess of SEK 3.3 billion during the 2008/09 financial
year and has just over 2,000 employees. Since Systemair was founded in 1974, the
company has increased its turnover every year while also demonstrating good
profitability. For the past 10 years, average growth has been in the region of
15 per cent. The Group comprises about 60 companies.
Systemair has a well established presence on growth markets. The Group's
products are marketed under the brand names Systemair, Frico, VEAB, and Fantech.
Systemair has been listed on the Nasdaq OMX NordicExchange in Stockholm, Midcap
list, since October 2007.
[HUG#1388334]
Interim report Q3 2009: http://hugin.info/138279/R/1388334/346536.pdf
Press Release (PDF): http://hugin.info/138279/R/1388334/346533.pdf
Unternehmensinformation / Kurzprofil:
Datum: 25.02.2010 - 08:32 Uhr
Sprache: Deutsch
News-ID 12912
Anzahl Zeichen: 0
contact information:
Town:
Skinnskatteberg
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 230 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Strong Quarter for Systemair - in spite of severe climate"
steht unter der journalistisch-redaktionellen Verantwortung von
Systemair AB (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
