Lindab International AB :Lindab's Report for the Third Quarter 2014
(Thomson Reuters ONE) -
Third quarter 2014:
* Sales revenue increased by 9 percent to SEK 1,904 m (1,753), an increase of
5 percent when adjusted for currency and structure.
* Operating profit (EBIT) increased to SEK 210 m (195), excluding one-off
items of SEK -5 m (-30).
* The operating margin (EBIT), excluding one-off items, amounted to 11.0
percent (11.1).
* The after-tax result increased to SEK 145 m (101).
* Earnings per share increased to SEK 1.90 (1.32).
* Cash flow from operating activities amounted to SEK 153 m (136).
* The net debt-equity ratio amounted to 0.6 (0.7) at the end of the quarter.
* A new strategy and new financial targets are presented in conjunction with
this interim report.
January-September 2014
* Sales revenue increased by 9 percent to SEK 5,167 m (4,737), an increase of
6 percent when adjusted for currency and structure.
* Operating profit (EBIT) increased to SEK 395 m (340), excluding one-off
items of SEK -9 m (-42).
* The operating margin (EBIT), excluding one-off items, increased to 7.6
percent (7.2).
* The after-tax result increased to SEK 241 m (134).
* Earnings per share increased to SEK 3.16 (1.76).
* Cash flow from operating activities amounted to SEK 15 m (165).
Lindab's President and CEO, Anders Berg, commented:'
"We are continuing to build on Lindab's solid foundations and are seeing that
our efforts are yielding results. The main part of our business, Products &
Solutions, is showing very good sales growth in all our regions. With an
increase in sales of 11 percent in the third quarter, along with a clearly
improved operating margin, we are on the right track with profitable growth.
During September, we reached historically high sales levels in Sweden, Norway
and France. Through focused work in the area, we have also managed to reduce the
number of accidents at work, and a positive trend has continued. This is of
course something that we are very pleased about and is evidence of the strength
of our organisation.
Despite the uncertainties in the world around us, including uncertainty in
market outlook in Russia and Belarus for example, our Building Systems division,
with its project sales of capital-intensive building solutions, has managed to
deliver a result with an operating margin of close to 13 percent.
There are always opportunities to develop our business, especially in markets
where we currently do not hold a leading position, and where we can increase our
market share. We have demonstrated this in a number of instances, such as in
France for Products & Solutions, and now also, very pleasingly, in Germany and
Italy. We will keep this in mind as we look to the future, and with the positive
effects that our new, flatter organisational structure has generated, it is now
time to take a further step forward. We are already working hard to implement
the first steps in our new strategy. This strategy is based on our strengths and
is showing us the way towards becoming a stronger player in a larger playing
field.
In connection with this, we have also updated our financial targets, which are
challenging but realistic."
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 6,523 m in 2013 and is established in 32
countries with approximately 4,400 employees. The main market is non-residential
construction, which accounts for 80 percent of sales, while residential accounts
for 20 percent of sales.During 2013, the Nordic market accounted for 46 percent,
the CEE/CIS (Central and Eastern Europe plus other former Soviet states) for 24
percent, Western Europe for 27 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 the Third Quarter:
http://hugin.info/1122/R/1865815/655432.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1865815]
Unternehmensinformation / Kurzprofil:
Datum: 28.10.2014 - 07:41 Uhr
Sprache: Deutsch
News-ID 347295
Anzahl Zeichen: 5888
contact information:
Town:
BÃ¥stad
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 150 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Lindab International AB :Lindab's Report for the Third Quarter 2014"
steht unter der journalistisch-redaktionellen Verantwortung von
Lindab International AB (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
