Lindab International AB : Lindab's report for the third quarter 2013
(Thomson Reuters ONE) -
Third quarter 2013
* Sales revenue was unchanged when adjusted for currency. Including currency
effects, sales revenue amounted to SEK 1,753 m (1,773), which is a decrease
of 1 percent.
* Operating profit (EBIT) increased to SEK 195 m (190), excluding one-off
items of SEK -30 m (-7).
* The operating margin (EBIT), excluding one-off items, increased to 11.1
percent (10.7).
* The after-tax result amounted to SEK 101 m (110).
* Earnings per share amounted to SEK 1.32 (1.44).
* Cash flow from operating activities improved, totalling SEK 136 m (23).
January-September 2013
* Sales revenue decreased by 5 percent to SEK 4,737 m (4,989), a decrease of
4 percent when adjusted for currency and structure.
* Operating profit (EBIT) amounted to SEK 340 m (355), excluding one-off items
of SEK -42 m (-61).
* The operating margin (EBIT), excluding one-off items, amounted to 7.2
percent (7.1).
* The after-tax result increased to SEK 134 m (120).
* Earnings per share increased to SEK 1.76 (1.58).
* Cash flow from operating activities improved, totalling SEK 165 m (30).
Lindab's President and CEO, Anders Berg, commented:
"The markets in which we operate have begun to stabilize overall and the general
outlook for the European construction market during the quarter has become
slightly more optimistic for the coming year, although this differs from market
to market. However, we cannot ignore the fact that Lindab and our customers
remain susceptible to external factors, such as the uncertain macroeconomic
situation.
In the third quarter of this year, it is encouraging that the decrease in sales
has levelled off. Meanwhile, we have seen a positive trend in the underlying
profits, improved operating margins and stronger cash flow. These are small but
important steps forward. The cost and efficiency programme has produced the
desired effects and the original plans are now largely complete. The Building
Systems business area, which produces and sells complete building systems under
the Astron brand, showed a particularly strong quarter.
Things are moving in the right direction, but there is still a great deal to
work on, develop and improve. However, we do feel that our foundations are more
stable as we take another step on our journey "Back to Basics - into the
Future". The organisational changes that we launched recently have been very
well received both internally and externally. The new organisation means that we
are focused on the Group as a whole; we have become even more agile and
customer-focused, and are utilising the breadth of our entire range tailored to
local markets.
The change also means that several competent employees have taken a step forward
to shoulder greater responsibility. Leadership and our fabulous Lindab spirit
are vitally important success factors."
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
Anders Berg, CEO
Email: anders.berg(at)lindab.com
Mobile: +46 (0) 70 35 89155
Per Nilsson, CFO
Email: per.nilsson(at)lindab.com
Mobile: +46 (0)70 33 85069
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 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 6,656 m in 2012 and is established in 31
countries with 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 2012, the
Nordic market accounted for 46 percent, the CEE/CIS (Central and Eastern Europe
plus 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
Report for Third Quarter:
http://hugin.info/1122/R/1738441/583212.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#1738441]
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