Lindab's report for the Third Quarter 2011
(Thomson Reuters ONE) -
Third Quarter 2011
* Sales revenue increased by 1 percent to SEK 1,891 m (1,881), an increase of
4 percent when adjusted for currency and structure
* Operating profit (EBIT) amounted to SEK 172 m (212), excluding one-off items
of SEK 0 m (-7).
* The operating margin (EBIT), excluding one-off items, amounted to 9.1
percent (11.3).
* The after-tax result amounted to SEK 88 m (114).
* Earnings per share amounted to SEK 1.17 (1.51).
* Cash flow from operating activities amounted to SEK 115 m (172).
January - September 2011
* Sales revenue increased by 4 percent to SEK 5,023 m (4,830), an increase of
9 percent when adjusted for currency and structure.
* Operating profit (EBIT) amounted to SEK 300 m (272), excluding one-off items
of SEK -17 m (47).
* The operating margin (EBIT), excluding one-off items, amounted to 6.0
percent (5.6).
* The after-tax result amounted to SEK 96 m (113).
* Earnings per share amounted to SEK 1.28 (1.50).
* Cash flow from operating activities amounted to SEK 93 m (67).
Lindab's President and CEO, David Brodetsky comments:
Sales
The sales growth in the quarter was 4 percent, adjusted for currency, compared
to a strong Q3 last year. For the period January to September, sales grew by 9
percent, adjusted for currency. The lower growth figure for the quarter is
mainly due to a reduced growth rate in the Nordic re-gion. Growth was the
highest in CEE/CIS where Building Systems performed well, while growth in
Western Europe was flat.
Profitability
The EBIT-margin in the quarter was 9.1 percent (11.3), also compared to a good
Q3 last year which had strong positive impact from steel price effects. In the
third quarter this year, we had the opposite effect to some extent. At the same
time, we have experienced continuing pricing pressure, particularly in Building
Components markets in CEE.
Outlook
Due to the late cyclicality of our business, demand in the coming months is
likely to be more affected by the timing of the winter weather than by the
current market uncertainty. However, longer term, the Euro crisis in particular
and the uncertainty it creates, will lead to a downgrading of construction
growth forecasts which will have an impact on demand for our products. We are
closely monitoring the demand evolution and will take action if required.
Strategy
Initiatives to support our market positioning are ongoing in line with our
stated strategy, particularly with regard to strengthening distribution and to
reinforce our exposure towards future growth markets.
End
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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.
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Contacts:
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. For
more information visit www.lindabgroup.com
Lindab's report for the Third Quarter:
http://hugin.info/1122/R/1557235/480737.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#1557235]
Unternehmensinformation / Kurzprofil:
Datum: 25.10.2011 - 07:40 Uhr
Sprache: Deutsch
News-ID 79963
Anzahl Zeichen: 5565
contact information:
Town:
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Kategorie:
Business News
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