Systemair Interim Report Q1 2012 - Growth 21%
(Thomson Reuters ONE) -
First quarter, May - July 2012
* Net sales increased by 21 percent to SEK 1,091 million (905).
* Operating profit (EBIT) rose 14 percent, to SEK 99 million (87).
* The operating margin was 9.0% (9.6).
* Profit after tax increased to to SEK 73 million (55).
* Earnings per share equalled SEK 1.40 (1.06).
* Cash flow from operating activities totalled SEK 60 million (52).
Gerald Engström, President and CEO, comments:
"Growth in the first quarter amounted to all of 21 percent. This improvement is
largely attributable to the acquisitions we have made. Organic growth was just
1 percent, an indication that the economy has still not taken off and that many
markets show negative growth. The fact that we can report an operating margin of
9 percent is a sign of strength."
For further information, please contact:
Gerald Engström, CEO, +46 (0)222 440 01, +46 (0)70 519 0001
Glen Nilsson, CFO, +46 (0)222 440 03, +46 (0)70 654 4003
Systemair AB, SE-739 30 Skinnskatteberg, Sweden, +46 (0)222 440 00,
www.systemair.com
Note: The information in this Interim Report is that which Systemair AB (NASDAQ
OMX Stockholm: SYSR) is required to disclose in accordance with the Swedish
Securities Markets Act and/or the Swedish Financial Instruments Trading Act.
Swedish and English versions of this information have been submitted for
publication at 1.00 p.m. on 29 August 2012.
Systemair in brief
Systemair is a leading ventilation company with operations in 44 countries in
Europe, North & South America, the Middle East, Asia and South Africa. The
Company had sales of SEK 4 billion in financial 2011/12 and currently employs
about 3,300 people. Systemair has reported an operating profit every year since
1974, when the Company was founded. During the past 15 years, the Company's
growth rate has averaged about 14 percent.
Systemair has well-established operations in growth markets. The Group's
products are marketed under the Systemair, Frico, VEAB and Fantech brands.
Systemair shares have been quoted on the Mid Cap List of the OMX Nordic Exchange
in Stockholm since October 2007. The Group comprises about 60 companies.
Press release:
http://hugin.info/138279/R/1636987/526203.pdf
Interim Report Q1 2012:
http://hugin.info/138279/R/1636987/526201.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: Systemair AB via Thomson Reuters ONE
[HUG#1636987]
Unternehmensinformation / Kurzprofil:
Datum: 29.08.2012 - 13:02 Uhr
Sprache: Deutsch
News-ID 178685
Anzahl Zeichen: 3119
contact information:
Town:
Skinnskatteberg
Kategorie:
Business News
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