Lindab divests operations in Slovakia
Lindab has today signed an agreement to divest its operations in Slovakia to local investors. The divestment is part of the previously announced restructuring within business area Profile Systems in Eastern Europe.
Lindab's operations in Slovakia have around 50 employees and a turnover of approximately 100 MSEK and include production, warehousing and a sales organisation. The company's operations are mainly related to Profile Systems, but the ventilation business is also included in the divestment as it represents a minor part.
“The divestment of the company in Slovakia is an important step in the restructuring of the business in Eastern Europe,” says Ola Ringdahl, President and CEO of Lindab. “Now we can fully focus on the ventilation business in those countries in the region with the potential for profitable growth.”
The business is being taken over by a group of local investors with good knowledge of the market, including the current Managing Director of Lindab Slovakia, Slavomír Janík.
"The new ownership group plans to continue with the same focus on the business as before, and we look forward to acting as a distributor for Lindab's products on the Czech and Slovak markets," says Slavomír Janík. “We want to assure all our customers and business partners that the continuity of our services and products in both markets will be fully maintained.”
The divestment is expected to be finalised in the beginning of the second quarter of this year. The transaction will contribute positively to Lindab's cash flow upon completion.
Contacts
Ola Ringdahl
President and CEO
E-mail: ola.ringdahl@lindab.com
Phone: +46 (0) 431 850 00
Lars Ynner
CFO
E-mail: lars.ynner@lindab.com
Phone: +46 (0) 431 850 00
Fredrik Wahrolén
Head of Communications
E-mail: fredrik.wahrolen@lindab.com
Mobile: +46 (0) 705 393 379
Lindab in brief
Lindab is a leading ventilation company in Europe. Lindab develops, manufactures, markets and distributes products and systems for energy-efficient ventilation and a healthy indoor climate. The products are characterised by high quality, ease of installation and environmental thinking.
The Group had sales of SEK 13,323 m in 2024 and is established in 20 countries with approximately 5,000 employees. Western Europe accounted for 44 percent of sales in 2024, the Nordic region for 42 percent, Central Europe for 10 percent and Other markets for 4 percent.
The share is listed on the Nasdaq Stockholm, Large Cap, under the ticker symbol LIAB.