Lindab International AB :Lindab's Report for the First Quarter 2015
(Thomson Reuters ONE) -
First Quarter 2015
* Sales revenue increased by 12 percent to SEK 1,694 m (1,506), an increase of
5 percent when adjusted for currency and structure.
* Operating profit (EBIT) amounted to SEK 54 m (60), excluding one-off items
of SEK 0 m (-3). Including one-off items, it amounted to SEK 54 m (57).
* The operating margin (EBIT), excluding one-off items, amounted to 3.2
percent (4.0).
* The after-tax result improved to SEK 27 m (14).
* Earnings per share improved to SEK 0.35 (0.18).
* Cash flow from operating activities amounted to SEK -83 m (-226).
* The net debt-equity ratio amounted to 0.6 (0.7) at the end of the quarter.
Lindab's President and CEO, Anders Berg, commented:
"Despite a weak month of January, the first quarter was strengthened by
increased sales growth for the sixth quarter in a row, which is confirmation
that our strategic activities are delivering results. However, seasonally the
first quarter is our smallest quarter and should be interpreted with some
caution. Products & Solutions has seen a sales increase of 15 percent in the
quarter, since many CEE markets have recovered strongly. Building Systems has
increased sales organically, driven by a number of major projects in the CIS,
but also impacted by a considerably weakened rouble compared with the same
period in the previous year. Building Systems' big markets, Russia and Belarus,
have had continued weak growth.
Net profit has been improved at the Group level, while the operating profit and
operating margin have deteriorated slightly compared with the previous year. One
reason for the slightly lower operating profit is that gross margins have been
lower, and that the comparable period in 2014 was Lindab's strongest since
2008, notably due to the weather conditions and a number of major storms having
had a positive impact on our profit.
We are continuing to work consciously with our strategy to become the leader in
complete ventilation solutions, and we are still only in the start-up phase. The
acquisition of MP3 S.r.l. (MP3), which was completed at the beginning of the
year, is being integrated very well and has already strengthened our solution
offering within ventilation. The first quarter has been marked by a high level
of market activity in the form of trade fairs, product launches, new branches
and representative offices, for example. This also applies to Building Systems,
where we are continuing to work with market diversification through a greater
market presence in the UK and selective marketing efforts in Africa, for
example.
The strategy is also about streamlining our flows and enhancing service to the
customer with improved profitability. During the quarter, we have intensified
our efforts to improve resource utilisation both in terms of production capacity
and capital throughout the Group by means of a number of structural measures. We
have also developed our organisation to reflect our strategic direction and
added two new product areas: Fire and Smoke and Air Movement."
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 7,003 m in 2014 and is established in 32
countries with approximately 4,600 employees. The main market is non-residential
construction, which accounts for 80 percent of sales, while residential accounts
for 20 percent of sales. During 2014, the Nordic market accounted for 46
percent, the CEE/CIS (Central and Eastern Europe plus other former Soviet
states) for 21 percent, Western Europe for 30 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 First Quarter:
http://hugin.info/1122/R/1914653/684488.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#1914653]
Unternehmensinformation / Kurzprofil:
Datum: 27.04.2015 - 14:02 Uhr
Sprache: Deutsch
News-ID 388680
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