Lindab's report for the the Second Quarter 2012
(Thomson Reuters ONE) -
April-June 2012
* Sales revenue decreased by 1 percent to SEK 1,737 m (1,755), a decrease of
5 percent when adjusted for currency and structure.
* Operating profit (EBIT) amounted to SEK 135 m (135), excluding one-off items
of SEK -16 m (0).
* The operating margin (EBIT), excluding one-off items, amounted to 7.8
percent (7.7).
* The after-tax result amounted to SEK 56 m (60).
* Earnings per share amounted to SEK 0.74 (0.80).
* Cash flow from operating activities amounted to SEK 97 m (217).
January - June 2012
* Sales revenue increased by 3 percent to SEK 3,216 m (3,132), an increase of
1 percent when adjusted for currency and structure.
* Operating profit (EBIT) amounted to SEK 165 m (128), excluding one-off items
of SEK -54 m (-17).
* The operating margin (EBIT), excluding one-off items, amounted to 5.1
percent (4.1).
* The after-tax result amounted to SEK 10 m (8).
* Earnings per share amounted to SEK 0.13 (0.11).
* Cash flow from operating activities amounted to SEK 7 m (-22).
Lindab's President and CEO, David Brodetsky commented:
For the second quarter 2012 Lindab reports an improved operating margin as a
result of intensive cost focus and improving gross profit margins in spite of
lower sales and steel cost increases. Of particular note was the strong
improvement in Building Systems performance. Ventilation also improved its EBIT
margin whereas Building Components was affected by weak sales momentum in most
markets.
We were pleased to secure the acquisition of Centrum Klima, Poland, during the
quarter. This acquisition gives us a leading position in Ventilation in Poland,
which is the largest and strongest performing market in CEE. Additionally,
Centrum Klima will bring strong synergies through consolidation of production
and purchasing which will strengthen the whole Ventilation Business area.
The markets are expected to remain weak in the months ahead. However, Lindab's
performance will be supported by the accelerating impact of the SEK 150 million
cost saving plan that is now largely implemented. Longer term, the macro
economic forecasts indicate that construction recovery will be slow and drawn
out, which underlines the importance of continuing our own initiatives to
support the 2014 EBIT goal of 10 percent for the Group.
End
The information here is that which Lindab International AB has willingly
chosen to make public or that which it is obliged to make public according to
the Swedish Securities Market Act and/or the Financial Instruments Trading
Act.
Contacts:
LINDAB
David Brodetsky, CEO
Email: david.brodetsky(at)lindab.com
Mobile: +46 (0)73 274 5418
Per Nilsson, CFO
Email: per.nilsson(at)lindab.com
Mobile: +46 (0)70 33 85069
An audiocast telephone conference will be held at 08:30 (CET). The report will
be presented by David Brodetsky, President and CEO, and Per Nilsson, CFO.
To access the telephone conference, please call UK +44 (0) 20 7750 9950 a few
minutes before the scheduled start. Alternatively, call the Swedish number +46
(0) 8 5056 2932.
Lindab - A Ventilation and Building Products company:
Lindab develops, manufactures, markets and distributes products and system
solutions primarily in steel for simplified construction and improved indoor
climate.
The business is carried out within three business areas, Ventilation, Building
Components and Building Systems. The products are characterised by their high
quality, ease of assembly, energy efficiency, consideration towards the
environment, and are delivered with high levels of service. Altogether, this
increases customer value.
The Group had sales revenue of SEK 6,878 m in 2011, was established in 31
countries and had approximately 4,300 employees. The main market is non-
residential construction, which accounts for 80 percent of sales, while
residential accounts for 20 percent of sales. During 2011, the Nordic market
accounted for 46 percent, CEE/CIS (Central and Eastern Europe as well as other
former Soviet states) for 23 percent, Western Europe for 28 percent and other
markets for 3 percent of total sales.
The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Mid Cap. For
more information visit www.lindabgroup.com
Lindab's Report Q 2 2012:
http://hugin.info/1122/R/1626694/520634.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Lindab International AB via Thomson Reuters ONE
[HUG#1626694]
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