Lindab International AB :Lindab's Report for the Fourth Quarter and Full Year 2013

Fourth quarter 2013:

• Sales revenue increased by 7 percent to SEK 1,786 m (1,667), an increase of 8 percent when adjusted for currency.
• Operating profit (EBIT) increased to SEK 158 m (105), excluding one-off items of SEK -4 m (-65).
• The operating margin (EBIT), excluding one-off items, increased to 8.8 percent (6.3). The after-tax result increased to SEK 99 m (2).
• Earnings per share increased to SEK 1.30 (0.03).
• Cash flow from operating activities improved, totalling SEK 455 m (192).

                                             
January-December 2013

• Sales revenue decreased by 2 percent to SEK 6,523 m (6,656), a decrease of 1 percent when adjusted for currency and structure.
• Operating profit (EBIT) increased to SEK 498 m (460), excluding one-off items of SEK -46 m (-126).
• The operating margin (EBIT), excluding one-off items, increased to 7.6 percent (6.9).
• The after-tax result increased to SEK 233 m (122).
• Earnings per share increased to SEK 3.05 (1.61).
• Cash flow from operating activities improved, totalling SEK 620 m (222).
• Zero dividend proposed (SEK 0.00).
   

Lindab's President and CEO, Anders Berg, commented:

"It is pleasing to present a quarterly report with improved sales and profit. The outlook for the European construction market, which accounts for the greatest proportion of our sales, has brightened a little. The recovery is projected to begin in 2014 at a modest pace and from low levels. Lindab is late-cyclical and is mostly exposed towards the non-residential construction segment, which means that market growth in the short term will be limited.

The mild winter weather in December has had a positive impact on sales, especially for building systems and building products. We have had a number of successful projects for building systems in Russia and Belarus and project sales for our indoor climate solutions have also performed well during the quarter.
 
Our goal is profitable growth and we are proceeding with our activities within "Back to Basics into the Future". We are continuing to develop our offerings in order to help our customers succeed with simplified construction, both in distribution as well
as projects and solutions. The cost-reduction programme has been fully implemented, but streamlining continues as a natural part of the work and lean methodologies are being adopted throughout the organisation. The expertise and creativity of our employees is a vast capital that we must manage and actively develop."

 
End

 
Contacts:
 
LINDAB
Anders Berg, CEO
Email: anders.berg@lindab.com
Mobile: +46 (0) 70 35 89155

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 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 6,523 m in 2013 and is established in 32 countries with 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 2013, the Nordic market accounted for 46 percent, the CEE/CIS (Central and Eastern Europe plus other former Soviet states) for 24 percent, Western Europe for 27 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