Elanders AB: Year-end Report 2016
(Thomson Reuters ONE) -
January - December
* Net sales increased by 48 percent to MSEK 6,285 (4,236) of which 2 percent
was organic growth.
* The operating result excluding one-off items increased to MSEK 382 (308),
which was an improvement of 24 percent. Including one-off costs the
operating result increased to MSEK 344 (292).
* The result before tax excluding one-off items increased to MSEK 342 (275),
which was an improvement of 24 percent. Including one-off items the result
before tax increased to MSEK 300 (259).
* The net result increased to MSEK 217 (175) or SEK 7.35 (6.18) per share.
* Excluding the purchase price of acquisitions, the operating cash flow
amounted to MSEK 368 (344). Including acquisitions, operating cash flow was
MSEK -1,428 (344).
* 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.
* One-off items during the period consisted primarily of advisory costs in
connection with the acquisition of LGI, book VAT recognized as revenue and
provisions for the settlement of a dispute in the US.
* The adopted rights issue was oversubscribed and concluded in October. It
generated a total of MSEK 695 after issue costs.
* As a consequence of the acquisition of LGI the composition of Group
Management will change and its size increase by one person.
* The Board proposes an increase in the dividend to SEK 2.60 per share. The
dividend last year was SEK 2.20 per each outstanding share at the time.
Fourth quarter
* Net sales increased by 107 percent to MSEK 2,330 (1,124), of which 6 percent
was organic growth.
* The operating result excluding one-off items increased to MSEK 153 (127),
which was an improvement by 20 percent. Including one-off items the
operating result increased to MSEK 123 (111).
* The result before tax excluding one-off items increased to MSEK 133 (121),
which was an improvement by 10 percent. Including one-off items the result
before tax was MSEK 103 (105).
* The net result increased to MSEK 79 (73) or SEK 2.37 (2.60) per share.
* Operating cash flow amounted to MSEK 69 (237).
* One-off items during the period were primarily provisions for the settlement
of a dispute in the US.
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. The information was submitted for
publication, through the agency of the contact persons set out above, at 13:00
CET on 25 January 2017.
Elanders Press release Q4 2016:
https://hugin.info/1053/R/2073309/779326.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: 25.01.2017 - 13:00 Uhr
Sprache: Deutsch
News-ID 519884
Anzahl Zeichen: 4144
contact information:
Town:
Mölnlycke
Kategorie:
Business News
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"Elanders AB: Year-end Report 2016"
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