Lindab's report for the Third Quarter 2012
Third quarter 2012
- Sales revenue decreased by 6 percent to SEK 1,773 m (1,891), a decrease of 6 percent when adjusted for currency and structure.
- Operating profit (EBIT) amounted to SEK 190 m (172), excluding one-off items of SEK -7 m (0).
- The operating margin (EBIT), excluding one-off items, amounted to 10.7 percent (9.1).
- The after-tax result amounted to SEK 110 m (88).
- Earnings per share amounted to SEK 1.45 (1.17).
- Cash flow from operating activities amounted to SEK 23 m (115).
January - September 2012
- Sales revenue decreased by 1 percent to SEK 4,989 m (5,023), a decrease of 2 percent when adjusted for currency and structure.
- Operating profit (EBIT) amounted to SEK 355 m (300), excluding one-off items of SEK -61 m (-17).
- The operating margin (EBIT), excluding one-off items, amounted to 7.1 percent (6.0).
- The after-tax result amounted to SEK 120 m (96).
- Earnings per share amounted to SEK 1.59 (1.28).
- Cash flow from operating activities amounted to SEK 30 m (93).
Lindab's President and CEO, David Brodetsky commented:
"Lindab reports a good profit in the quarter thanks to fixed cost savings and efficiency activities.
The 10.7% EBIT margin in the quarter is very encouraging particularly in the light of a 6% organic sales decline. It shows that the actions to improve Lindab's profitability are having the desired impact.
However, we remain cautious about future demand levels. Macro indicators show much uncertainty in many markets and our sales decline accelerated in the second half of the quarter. In view of the deteriorating market conditions, we have taken additional actions resulting in fixed cost savings that already exceed the plan. We follow the market developments closely and are prepared to take further action if required."
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. |
Contacts:
LINDAB
David Brodetsky, CEO
Email: david.brodetsky@lindab.com
Mobile: +46 (0)73 274 5418
Per Nilsson, CFO
Email: per.nilsson@lindab.com
Mobil: +46 (0)70 33 85069
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, CFO.
To access the telephone conference, please call UK +44 (0) 20 77509950 a few minutes before the scheduled start. Alternatively, call the Swedish number + 46 (0) 850 562 932.
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 sales revenue of SEK 6,878 m in 2011, was established in 31 countries and had approximately 4,300 employees. The main market is non-residential construction, which accounts for 80 percent of sales, while residential accounts for 20 percent of sales. During 2011, the Nordic market accounted for 46 percent, CEE/CIS (Central and Eastern Europe as well as other former Soviet states) for 23 percent, Western Europe for 28 percent and other markets for 3 percent of total sales.
The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Mid Cap. For more information visit www.lindabgroup.com