Lindab's revised financial targets
(Thomson Reuters ONE) -
Lindab is hosting an Investor Day at Operaterassen in Stockholm, today 14 June
2010. The programme included presentations of the updated strategy and vision,
as well as the latest sales performance. One of the final items on the agenda
was the revision of the financial targets, presented by CFO Nils-Johan
Andersson.
Lindab's strong starting position and revised strategy have formed the basis in
determining the following financial targets:
* Growth: 8% per year (organic)
* Operating margin: 14% (EBIT)
* Net debt-equity ratio: 0.8 - 1.2 times
* Dividend policy: 40 - 50% of net profit
Nils-Johan Andersson, CFO, comments:
"We are increasing our growth target with regard to organic growth from the
previous 6 percent to 8 percent annually. This is based upon our updated
strategy with focus on profitable growth, while at the same time demand is
currently at a low level. Since we expect a gradual improvement in the market in
the coming years, we judge this goal as being ambitious, yet realistic."
"We estimate that Lindab will once again be able to reach an operating margin of
14 percent EBIT under good economic conditions. Lindab has implemented
comprehensive savings that will increase the profitability of the company when
the volumes return. The updated strategy will also bring greater focus on
profitable core products, resulting in an improved product mix."
"The target for the net debt-equity ratio has been reduced from the interval
1.0 - 1.4 times to 0.8 - 1.2 times which reflects historic levels."
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
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#1423465]
Unternehmensinformation / Kurzprofil:
Datum: 14.06.2010 - 15:41 Uhr
Sprache: Deutsch
News-ID 22358
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contact information:
Town:
BÃ¥stad
Kategorie:
Business News
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"Lindab's revised financial targets"
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