Lindab International AB (publ): Lindab's Report for the Second Quarter 2016
(Thomson Reuters ONE) -
Second Quarter 2016
* Net sales increased to SEK 2,016 m (1,907), of which organic growth amounted
to 8 percent.
* Operating profit increased to SEK 138 m (110), including one-off items of
SEK -1 m (0). Excluding one-off items, the operating profit increased to SEK
139 m (110).
* The operating margin, excluding one-off items, increased to 6.9 percent
(5.8).
* Profit for the period increased to SEK 86 m (68).
* Earnings per share increased by 27 percent to SEK 1.13 (0.89).
* Cash flow from operating activities increased to SEK 187 m (160).
* The net debt/equity ratio amounted to 0.5 (0.6) at the end of the quarter.
January - June 2016
* Net sales increased to SEK 3,768 m (3,601), of which organic growth amounted
to 6 percent.
* Operating profit increased to SEK 206 m (164), including one-off items of
SEK -3 m (0). Excluding one-off items, the operating profit increased to SEK
209 m (164).
* The operating margin, excluding one-off items, increased to 5.5 percent
(4.6).
* Profit for the period increased to SEK 118 m (96).
* Earnings per share increased by 23 percent to SEK 1.55 (1.26).
* Cash flow from operating activities increased to SEK 108 m (77).
* The net debt/equity ratio amounted to 0.5 (0.6) at the end of the quarter.
Lindab's President and CEO, Anders Berg, commented:
"Organic growth increased by 8 percent compared with the previous year.
Especially the Nordic countries developed very well, but Western Europe also
experienced good growth. Operating profit improved by 25 percent which shows
that Lindab is on the right track. Both sales and operating profit are the
highest reported in a second quarter since 2008.
Products & Solutions continues to develop positively with organic growth in all
major markets, and both the operating profit and the operating margin continue
to grow. During the quarter, we saw very good organic growth in Air Movement and
Fire & Smoke, the product areas which are related to the major acquisitions
completed in 2015.
Building Systems showed organic growth and a positive operating profit thanks to
a continued focus on market diversification to Western Europe and Africa. The
market situation in Russia and CIS remains challenging.
The project concerning the establishment of a distribution centre in Grevie is
going according to plan. Once established, the centre will increase product
availability and productivity in the supply chain. It is an important project,
as we have seen a large increase in the number of orders delivered from the
factories in Grevie and Förslöv in recent years.
During the quarter, sheet metal prices increased rapidly in all our markets,
prompting us to announce necessary price increases for the second half of 2016.
The UK is our third largest market and represented 9 percent of our external
sales in 2015. It is still too early to say what consequences Brexit will have
for Lindab. We continue to develop our business according to plan and work on
strategic initiatives, but are also prepared to take steps should the need
arise."
End
_________________________________________________________________________
This information is information that Lindab International AB (publ) is obliged
to make public pursuant to the EU Market Abuse Regulation and the Securities
Markets Act. The information was submitted for publication, through the agency
of the contact persons set out below, at at 07.40 CET on 19 July 2016.
Contact:
LINDAB
Anders Berg, President and CEO
Email: anders.berg(at)lindab.com
Mobile: +46 (0) 70 35 89155
Kristian Ackeby, CFO
Email : kristian.ackeby(at)lindab.com
Mobile: +46 (0)70 33 85069
About Lindab:
Lindab develops, manufactures, markets and distributes products and system
solutions 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 of SEK 7,589 m in 2015 and is established in 32 countries
with approximately 5,100 employees. The main market is non-residential
construction, which accounts for 80 percent of sales, while residential accounts
for 20 percent of sales. During 2015, the Nordic market accounted for 44
percent, Western Europe for 33 percent, the CEE/CIS (Central and Eastern Europe
plus other former Soviet states) for 19 percent and other markets for 4 percent
of total sales.
The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Mid Cap, under
the ticker symbol LIAB. For more information visit www.lindabgroup.com.
Lindab's Report for the Second Quarter 2016:
http://hugin.info/1122/R/2029197/754479.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#2029197]
Unternehmensinformation / Kurzprofil:
Datum: 19.07.2016 - 07:40 Uhr
Sprache: Deutsch
News-ID 483896
Anzahl Zeichen: 6071
contact information:
Town:
BÃ¥stad
Kategorie:
Business News
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