Elanders AB: Quarterly Report January - September 2016
(Thomson Reuters ONE) -
January - September
* In June 2016 Elanders signed a contract to acquire LGI Logistics Group
International GmbH ("LGI"), a supply chain company with a strong presence in
Europe, particularly in Germany. Through the acquisition Elanders doubles
its size and the annual net sales increase from SEK 4.2 to around 8.3
billion (pro forma 2015 level). LGI is consolidated in the Elanders Group
from 26 July 2016.
* Net sales increased to MSEK 3,956 (3,113), an increase by 27 percent, of
which 1 percentage point was organic growth.
* The operating result excluding one-off items increased to MSEK 230 (181),
which was an increase by 27 percent. Including one-off items the operating
result increased to MSEK 221 (181).
* The result before tax excluding one-off items increased to MSEK 210 (154),
which was an improvement of 36 percent. Including one-off items the result
before tax increased to MSEK 197 (154).
* The net result increased to MSEK 138 (101) or SEK 5.20 (3.81) per share.
* Excluding the purchase price of acquisitions, the operating cash flow
amounted to MSEK 303 (108). Including acquisitions operating cash flow was
MSEK -1,497 (108).
* One-off items during the period consist mainly of advisory and financial
costs in connection with the acquisition of LGI and book VAT recognized as
revenue. Additional one-off costs related to the acquisition of LGI
amounting to maximum MSEK 13 is expected to charge the result in the fourth
quarter.
* The rights issue was oversubscribed and concluded in the month of October.
It generated a total of MSEK 695 after issue costs.
Third quarter
* Net sales increased to MSEK 1,878 (1,041), an increase of 80 percent, of
which 4 percentage points were organic growth.
* The operating result excluding one-off items increased to MSEK 103 (64).
Including one-off items, the operating result increased to MSEK 100 (64).
* The result before tax excluding one-off items increased to MSEK 91 (55),
which was an improvement by 65 percent. Including one-off items the result
before tax was MSEK 86 (55).
* The net result increased to MSEK 58 (36) or SEK 2.17 (1.35) per share.
* Excluding the purchase price of acquisitions, the operating cash flow
amounted to MSEK 201 (-24). Including acquisitions operating cash flow was
MSEK -1,565 (-24).
Further information can be found on Elanders' website www.elanders.com or
requested via e-mail info(at)elanders.com.
Questions concerning this report can be addressed to:
Magnus Nilsson
President and CEO
Phone: +46 31 750 07 50
Andréas Wikner
Chief Financial Officer
Phone: +46 31 750 07 50
Elanders AB (publ)
(Company ID 556008-1621)
P.O. Box 137
SE-435 23 Mölnlycke, Sweden
Phone: +46 31 750 00 00
This information is information that Elanders AB 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 above, at 13:00 CET on 7 November 2016.
2016-11-07 Elanders Press release Q3 2016:
http://hugin.info/1053/R/2054668/769284.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Elanders AB via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 07.11.2016 - 13:00 Uhr
Sprache: Deutsch
News-ID 505351
Anzahl Zeichen: 4005
contact information:
Town:
Mölnlycke
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 163 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Elanders AB: Quarterly Report January - September 2016"
steht unter der journalistisch-redaktionellen Verantwortung von
Elanders AB (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
