Lindab's report for the First Quarter 2012
(Thomson Reuters ONE) -
January - March 2012
* Sales revenue increased by 7 percent to SEK 1,479 m (1,377), an increase of
6 percent when adjusted for currency and structure.
* Operating profit (EBIT) amounted to SEK 30 m (-7), excluding one-off items
of SEK -38 m (-17).
* The operating margin (EBIT), excluding one-off items, amounted to 2.0
percent (-0.5).
* The after-tax result amounted to SEK -46 m (-52).
* Earnings per share amounted to SEK -0.61 (-0.69).
* Cash flow from operating activities amounted to SEK -90 m (-239).
Lindab's President and CEO, David Brodetsky commented:
"It was a good quarter overall. The first quarter, which is a low winter season
for Lindab, was characterised by sales growth of 7 percent compared with the
first quarter of 2011, stable fixed costs and a strong improvement in EBIT from
SEK -7 m in the first quarter last year to SEK 30 m this quarter.
The market outlook remains uncertain and it is difficult to draw conclusions
from a low season period. The volume increase in the quarter mainly came from
the Nordic markets and Russia. Growth in Western Europe was positive but at a
decreasing pace, whilst Central and Eastern European markets declined.
Nevertheless, our 2012 performance will benefit from a number of strategic sales
initiatives and the cost saving programme of SEK 150 million, which will be
substantially implemented by the end of the second quarter. Additionally, price
increases are being implemented to offset steel and other cost increases.
Overall we expect 2012 to be a further step in the right direction taking the
underlying EBIT towards our 10 percent goal by the end of 2013 and for the full
year 2014.
Finally, we are pleased that we were able to complete the acquisition of
Plannja's sandwich panel business in Sweden. Sandwich panels is a growing
segment in the market and this acquisition complements our existing Nordic
industrial offering within the Building Components Business Area."
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(at)lindab.com
Mobile: +46 (0)73 274 5418
Per Nilsson, CFO
Email: per.nilsson(at)lindab.com
Mobile: +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 7750 9950 a few
minutes before the scheduled start. Alternatively, call the Swedish number + 46
(0) 8 5056 2932.
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
Lindab's report for the First Quarter:
http://hugin.info/1122/R/1606338/509305.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#1606338]
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Datum: 27.04.2012 - 01:41 Uhr
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