Lindab's Investor Day, 14 June 2010
(Thomson Reuters ONE) -
Lindab's group management today unveiled the updated strategy and revised vision
at an Investor Day in Stockholm.
President and CEO David Brodetsky comments:
"During the latter part of 2009 we decided to undertake a thorough review of our
strategy aimed at refining and further reinforcing our competitiveness. In the
past few years, we have strengthened our positions within several areas but
conditions have changed since our last major strategy review was completed in
2001. It is therefore important to identify market trends, growth segments as
well as our strengths and weaknesses so that we can further focus our operations
and drive growth for Lindab."
As a part of the strategy review, Lindab has developed a new vision. Major
emphasis has been placed on Lindab's close ties with its European customer base
and the aim of being the supplier of choice.
Lindab's new vision is:
To be the preferred partner for building professionals in our core products
Europewide.
The updated strategy is directly linked to the vision and focuses on profitable
growth with clearer and more detailed action plans for the future direction of
the three business areas.
Strategy discussion summary:
President and CEO David Brodetsky's summary: "Lindab has strong fundamentals and
has performed well in the past, but we can do better. The brand, product
features, geographical exposure and business culture are historical success
factors that will also remain important in the future. However new market
conditions, including greater demand for environmentally friendly and energy
efficient solutions, high growth potential in Eastern Europe and especially in
Russia/CIS, require Lindab to focus its operations further."
"Efforts will be concentrated first and foremost on Lindab's most profitable
product and market segments and where Lindab's scale, strength and position
suggest the strongest growth potential. The product groups from each of the
business areas have therefore been carefully analysed based on a variety of
profitability and market criteria."
The strategy for Lindab's largest business area, Ventilation, is being presented
by the business area manager Anders Thulin, who explains that to drive
operational efficiency further, the business area will have a clearer
organisational distinction between supply and distribution. The leading product
group, fittings for duct systems, will be afforded the highest priority, along
with developing distribution efficiency and leadership. Within the Comfort
division, various options are being considered in order to grow the business and
improve profitability.
The business area manager for Building Components, Peter Andsberg, states that
the market efforts will be concentrated on two distinct segments: residential
and non-residential construction. Particular efforts will be devoted to the
flagship product, roof drainage, as well as the accompanying product group of
roof cladding. Growth is primarily expected from the residential segment whereas
initiatives for the non-residential segment will be within existing core
markets.
Venant Krier, business area manager for Building Systems, declares that the
focus will be on large industrial buildings, both in terms of production
efficiency and marketing. This will particularly apply in Eastern Europe and
Russia, where demand for this type of buildings is considered to be stronger
than in other regions in the coming years. Initiatives will include developing
direct sales with a particular emphasis on Russia to complement the
builder-dealer network.
Common for the business area strategies is that growth will be supplemented by
acquisitions to further reinforce competitiveness.
The timetable for the implementation of the updated strategy is 3-5 years.
End
The presentations will be available on Lindab's website www.lindabgroup.com
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
Nils-Johan Andersson, CFO
Email: nils-johan.andersson(at)lindab.com
Mobile:+46 (0)70 668 5075
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 net sales of SEK 7,019 m in 2009, was established in 31 countries
and had approximately 4,500 employees. The main market is non-residential
construction, which accounts for 80 percent of sales, while residential accounts
for 20 percent of sales. During 2009, the Nordic market accounted for 42
percent, CEE/CIS (Central and Eastern Europe as well as other former Soviet
states) for 21 percent, Western Europe for 32 percent and other markets for 5
percent of total sales.
The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Large Cap,
under the ticker symbol LIAB. The principal shareholders are Ratos, Sjätte
AP-fonden and Skandia Liv. For more information visit www.lindabgroup.com
[HUG#1423469]
Unternehmensinformation / Kurzprofil:
Datum: 14.06.2010 - 12:32 Uhr
Sprache: Deutsch
News-ID 22350
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Town:
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Kategorie:
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"Lindab's Investor Day, 14 June 2010"
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