Systemair AB Interim Report Q2 2015/16 - Continued growth
(Thomson Reuters ONE) -
Second quarter August-October 2015
* Net sales rose 5 percent to SEK 1,624 million (1,554).
* Operating profit (EBIT) totalled SEK 134 million (156).
* Systemair's operating margin was 8.3 percent (10.1).
* Profit after tax fell to SEK 86 million (117).
* Earnings per share totalled SEK 1.65 (2.24).
* Cash flow from operating activities amounted to SEK 122 million (90).
First half-year, May-October 2015
* Net sales rose 8 percent to SEK 3,188 million (2,948).
* Operating profit (EBIT) totalled SEK 252 million (268).
* Systemair's operating margin was 7.9 percent (9.1).
* Profit after tax fell to SEK 166 million (237).
* Earnings per share totalled SEK 3.20 (4.55).
* Cash flow from operating activities amounted to SEK 171 million (177).
Roland Kasper, President and CEO, comments:
"This was my first quarter as CEO of Systemair. The second quarter is normally
our strongest period, but a relatively weak market in several countries resulted
in growth of 5 percent and lower profitability. Nevertheless, we can for the
twenty-third consecutive quarter report organic growth, on this occasion of 3.6
percent. The operating margin was 8.3 percent, negatively affected by declining
volumes in Russia. We are engaged in a number of activities and restructuring
measures to boost earnings."
A telephone conference will be held at 9:00 CET on November 26, 2015. The report
will be presented by Roland Kasper, CEO, and Anders Ulff, CFO. In order to
participate in the telephone conference call +46 (0)8 5052 0110 and enter code
956417 minutes before start. The presentation will be published on
www.systemair.com
For further information, please contact:
Roland Kasper, CEO, + 46 73 094 40 13
Anders Ulff, CFO, + 46 (0)222 440 09, + 46 (0)70 577 40 09
Systemair AB, SE-739 30 Skinnskatteberg, Sweden, +46 (0)222 440 00,
www.systemair.com
Note: The information in this Interim Report is that which Systemair AB (NASDAQ
OMX Stockholm: SYSR) is required to disclose in accordance with the Swedish
Securities Markets Act and/or the Swedish Financial Instruments Trading Act.
Swedish and English versions of this information have been submitted for
publication at 08:00 p.m. on 26 November 2015.
Systemair in brief
Systemair is a leading ventilation company with operations in 47 countries in
Europe, North- and South America, the Middle East, Asia and South Africa. The
Company had sales of SEK 5.9 billion in financial year 2014/15 and currently
employs about 4,700 people. Systemair has reported an operating profit every
year since 1974, when the Company was founded. During the past 15 years, the
Company's growth rate has averaged about 13 percent.
Systemair has well-established operations in growth markets. The Group's
products are marketed under the Systemair, Frico, VEAB, Fantech, Menerga and
Holland Heating brands. Systemair shares have been quoted on the Mid Cap List of
the OMX Nordic Exchange in Stockholm since October 2007. The Group comprises
about 60 companies.
Interim Report Q2 2015/16 :
http://hugin.info/138279/R/1969469/719844.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: Systemair AB via GlobeNewswire
[HUG#1969469]
Unternehmensinformation / Kurzprofil:
Datum: 26.11.2015 - 08:00 Uhr
Sprache: Deutsch
News-ID 435864
Anzahl Zeichen: 3996
contact information:
Town:
Skinnskatteberg
Kategorie:
Business News
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