Lindab's Report for the Third Quarter 2009
(Thomson Reuters ONE) - Third quarter 2009 * Net sales decreased by 33 % to SEK 1,825 m (2,717), a decrease of 37 % when adjusted for currency and structure * The operating profit (EBIT), excluding one-off items of SEK 35 m, decreased by 68 % to SEK 145 m (458) * The operating margin (EBIT), excluding one-off items, amounted to 7.9 % (16.9) * The after tax result amounted to SEK 37 m (294) * Earnings per share amounted to SEK 0.49 (3.79) * Cash flow from operating activities amounted to SEK 329 m (127)January-September 2009 * Net sales decreased by 27 % to SEK 5,417 m (7,413), a decrease of 34 % when adjusted for currency and structure * The operating profit (EBIT), excluding one-off items of SEK 47 m, decreased by 75 % to SEK 267 m (1,061) * The operating margin (EBIT), excluding one-off items, amounted to 4.9 % (14.3) * The after tax result amounted to SEK 29 m (677) * Earnings per share amounted to SEK 0.39 (8.65) * Cash flow from operating activities amounted to SEK 474 m (453)Lindab's President and CEO, David Brodetsky commented:"Market visibility remains low, but we see some signs that the fallin demand has levelled off. In the CEE/CIS demand has stabilised ona low level, while there are signs of improved demand in the Nordicregion. However, the trend is still weakening in Western Europe.""Given the tough market conditions the Lindab team has done a firstclass job of keeping a strong focus on customers whilst at the sametime reducing costs and generating cash.""We expect a drawn out period before our markets recover but we canrely on theLindab "can do" attitude and spirit to approach the periods ahead ina positive way."EndThe information here is that which Lindab International AB haswillingly chosen to make public or that which it is obliged to makepublic according to the Swedish Securities Market Act and/or theFinancial Instruments Trading Act.A web cast press and telephone conference will be held atOperaterassen, Stockholm today at 11:30 (CET).To access the telephone conference, please call UK +44 (0)20 71380825.The presentation slides will be published on the Investor Relationssection of the websitehttp://www.lindabgroup.com/English/ir/presentations/Pages/default.aspxContacts:LINDABDavid Brodetsky, CEOEmail: david.brodetsky(at)lindab.comMobile: +46 (0)73 274 5418Nils-Johan Andersson, CFOEmail: nils-johan.andersson(at)lindab.comMobile:+46 (0)70 668 5075Lindab - A Ventilation and Building Products company:Lindab is an international group that develops, manufactures andmarkets sheet metal products and system solutions for theconstruction sector.The two business areas, Profile and Ventilation offer completesolutions for construction systems and indoor climate, as well asindividual construction and ventilation components for all types ofbuildings.Lindab is listed on the Nasdaq OMX Nordic Exchange, Stockholm, LargeCap under the ticker "LIAB".The Lindab group has approximately 5,000 employees in 31 countriesand generated sales of SEK 9,840 million in 2008. Its head office islocated in Grevie near Bastad in southwestern Sweden. For moreinformation visit www.lindabgroup.comhttp://hugin.info/1122/R/1350477/325862.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 28.10.2009 - 07:40 Uhr
Sprache: Deutsch
News-ID 7494
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