Lindab's Capital Markets Day: Focused journey towards increased profitability
(Thomson Reuters ONE) -
Lindab's Capital Markets Day was centred on the strategy implementation and the
road from 6percent to 10 percent EBIT margin, which is the target for 2014.
President and CEO David Brodetsky commented: "The current focus is on the full
realisation of our strategy. In brief, this entails focusing on our strengths,
ensuring a well-balanced geographic footprint, as well as further harnessing the
energy efficiency trend. The gap from our current 6 percent EBIT margin to the
10 percent target is expected to be filled by approximately two percent from
efficiency improvements (including the cost plan announced in January 2012) and
by approximately two percent from focused sales initiatives.
The three Business area Managers presented the key activities within their
areas.
Nils-Johan Andersson, Ventilation, highlighted growth areas within distribution
and product development, project sales and the recent acquisition of Polish firm
Centrum Klima. On the efficiency side, Nils-Johan emphasised correction of
underperforming units, shift of production to low cost regions, as well as
consolidation within production.
Peter Andsberg, Building Components, summarised the key growth activities within
his business area: Strengthened offering and route-to-market in the Nordics
(including the acquisition of Plannja's sandwich panel business), Lindab Center
concept in the CEE and residential sales in Western European markets. The
efficiency improvements include consolidation of production in the Nordics,
improved cost structure in the CEE, raw material optimisation and improving the
performance of the lowest performing units.
Hans Berger, Building Systems, presented the following key growth activities for
the business area: Expansion in Russia, addition of a new small building
concept, expanded Builder-Dealer coverage and a Builder activation programme.
With regards to efficiency improvements, Hans highlighted production capacity
consolidation as well as automation of manufacturing operations.
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
The full presentation material can be found on the website.
To access the telephone conference, please call UK +44 (0) 2071 086 303 a few
minutes before the scheduled start. Alternatively, call the Swedish number + 46
(0) 850 562 932.
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
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#1635686]
Unternehmensinformation / Kurzprofil:
Datum: 23.08.2012 - 17:16 Uhr
Sprache: Deutsch
News-ID 177261
Anzahl Zeichen: 4888
contact information:
Town:
BÃ¥stad
Kategorie:
Business News
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"Lindab's Capital Markets Day: Focused journey towards increased profitability"
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Lindab International AB (Nachricht senden)
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