Systemair AB Year-end Report 2015/16 - Return to organic growth
(Thomson Reuters ONE) -
Fourth quarter February - April 2016
* Net sales increased by 0.4 percent to SEK 1,509 million (1,502).
* Organic growth was 4.0 percent (8.0).
* Operating profit (EBIT) totalled SEK 62 million (55).
* The operating margin was 4.1 percent (3.7).
* Profit after tax totalled SEK 28 million (29).
* Earnings per share totalled SEK 0.53 (0.56).
* Cash flow from operating activities amounted to SEK -40 million (-13).
12 months, May 2015 - April 2016
* Net sales rose 3.9 percent to SEK 6,113 million (5,882).
* Organic growth was 2.6 percent (3.3).
* Operating profit (EBIT) totalled SEK 344 million (377).
* The operating margin was 5.6 percent (6.4).
* Profit after tax fell to SEK 207 million (310).
* Earnings per share totalled SEK 3.98 (5.96).
* Cash flow from operating activities totalled SEK 169 million (241).
* The Board of Directors proposes a dividend of SEK 2.00 (2.00) per share.
Roland Kasper, President and CEO, comments:
"In the fourth quarter organic growth topped 4 percent, while profit also
improved somewhat compared with last year. This made a positive end to the year
but that still does not entirely fill us with satisfaction. We embarked on a
restructuring programme with an estimated total future cost of about SEK 45
million. The annual cost saving from the programme as a whole is calculated at
SEK 45 million, with full impact emerging within two years. Additionally,
actions to increase profit are under way in a number of areas. Our goal is
clear: Systemair will return to an operating margin in excess of 10 percent,
while we will maintain growth."
A telephone conference will be held at 9:00 CET on June 9, 2016. 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
958997 minutes before start. The presentation will be published on
www.systemair.com
For further information, please contact:
Roland Kasper, CEO, + 46 222-440 13, + 46 (0)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 9 June 2016.
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 6.1 billion in financial year 2015/16 and currently
employs about 4,900 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 12 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.
Systemair AB Year-End Report 2015-16:
http://hugin.info/138279/R/2019170/749550.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#2019170]
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
" alt="Imagin Signs Agreements to Support i/Blue Development: University of Rochester Laboratory of Laser Energetics and U.S. Department of Energy
Datum: 09.06.2016 - 08:00 Uhr
Sprache: Deutsch
News-ID 476673
Anzahl Zeichen: 4351
contact information:
Town:
Skinnskatteberg
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 215 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Systemair AB Year-end Report 2015/16 - Return to organic growth"
steht unter der journalistisch-redaktionellen Verantwortung von
Systemair AB (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
