Lindab's Annual Report 2011 has been published
Lindab has today published its annual report for 2011. It is now available in web format and as a pdf on the corporate website, www.lindabgroup.com.
Lindab's President and CEO David Brodetsky summarises the challenges for 2012:
"The focus for 2012 is on further strengthening our competitiveness to reach the near term EBIT-target of a 10 percent run rate by the end of 2013 and for the full year 2014. Two focus areas are prioritised:
- Ensure the implementation of the cost saving programme that will save around SEK 150 million annually. The programme is aimed at aligning the business to current demand levels, improve efficiency and reduce the company's fixed costs.
- Focus on prioritised markets, customers and various sales initiatives that will boost sales and increase market shares despite more or less flat demand. This means continuing to develop solutions that simplify construction for our customers.
2012 will be a challenging but fascinating year for Lindab. We have a team that has performed well during the downturn, and with Lindab's entrepreneurial spirit I am convinced that we will deliver going forward," concludes David Brodetsky.
Hard copies of the annual report are available at Lindab's Head Office.
Those wishing to order hard copies of the annual report as well as other printed matter can do so online at www.lindabgroup.com
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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. |
Contacts:
LINDAB
David Brodetsky, CEO
Email: david.brodetsky@lindab.com
Mobile: +46 (0)73 274 5418
Per Nilsson, CFO
Email: per.nilsson@lindab.com
Mobile: +46 (0)70 33 85069
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