Lindab's Report for the First Quarter 2011
(Thomson Reuters ONE) -
January - March 2011
* Sales revenue increased by 12 percent to SEK 1,377 m (1,234), an increase of
19 percent when adjusted for currency and structure.
* Operating profit (EBIT) amounted to SEK -7 m (-50), excluding one-off items
of SEK -17 m (75).
* The operating margin (EBIT), excluding one-off items, amounted to -0.5
percent (-4.1).
* The after-tax result amounted to SEK -52 m (-28), including one-off items of
SEK -17 m (75).
* Earnings per share amounted to SEK -0.69 (-0.37), including one-off items.
* Cash flow from operating activities amounted to SEK -239 m (-172)
Lindab's President and CEO, David Brodetsky commented:
"In the first quarter sales and operating profit (EBIT) improved for the third
successive quarter confirming the positive trend.
The sales growth of 19 percent in the quarter is satisfying, however, the
underlying demand is hard to judge since the first quarter is low season and, in
addition, the comparative quarter last year was strongly affected by the weather
conditions.
In the interim report for the fourth quarter 2010 we indicated that it is
unlikely that Lindab's organic growth target of 8 percent will be achieved for
the full year 2011. This was based on external market growth forecasts and
excludes price effects in 2011 to compensate for rising steel prices. The
underlying market conditions have not changed since then and steel linked price
movements are difficult to predict, consequently we maintain our outlook for the
full year 2011. However, as stated before, we expect to outperform the general
construction market."
END
The information here is that which Lindab International AB has willingly chosen
to make public or that which it is obliged to make public according to the
Swedish Securities Market Act and/or the Financial Instruments Trading Act.
* An audiocast telephone conference will be held at 10:00 (CET). The report
will be presented by David Brodetsky, President and CEO, and Per Nilsson,
acting CFO.
* To access the telephone conference, please call UK +44 (0)20 7806 1967 a few
minutes before the scheduled start. Alternatively, call the Swedish number
+46 (0)8 5051 3643.
* The conference and presentation can also be followed live online via
the link, or via Lindab's homepage
Financial calendar 2011:
Annual General Meeting, 11 May
Interim Report Q2, 18 July
Interim Report Q3, 25 October
Contact:
LINDAB
David Brodetsky, CEO
Email:david.brodetsky(at)lindab.com
Mobile: +46 (0)73 274 5418
Lindab - A Ventilation and Building Products company:
Lindab develops, manufactures, markets and distributes products and system
solutions primarily in steel for simplified construction and improved indoor
climate.
The business is carried out within three business areas, Ventilation, Building
Components and Building Systems. 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 net sales of SEK 6,527 m in 2010, was established in 31 countries
and had approximately 4,400 employees. The main market is non-residential
construction, which accounts for 80 percent of sales, while residential accounts
for 20 percent of sales. During 2010, the Nordic market accounted for 45
percent, CEE/CIS (Central and Eastern Europe as well as other former Soviet
states) for 22 percent, Western Europe for 29 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. The principal shareholders are Ratos, Sjätte AP-fonden
and Skandia Liv. For more information visit www.lindabgroup.com
Report for the First Quarter:
http://hugin.info/1122/R/1508957/445218.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters 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 Thomson Reuters ONE
[HUG#1508957]
Unternehmensinformation / Kurzprofil:
Datum: 29.04.2011 - 07:41 Uhr
Sprache: Deutsch
News-ID 54047
Anzahl Zeichen: 4995
contact information:
Town:
BÃ¥stad
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 191 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Lindab's Report for the First Quarter 2011"
steht unter der journalistisch-redaktionellen Verantwortung von
Lindab International AB (Nachricht senden)
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