Systemair AB Interim Report Q2 - Organic growth maintained in Q2
(Thomson Reuters ONE) -
Second quarter, August-October 2013
* Net sales increased by 16 percent to SEK 1,414 million (1,216).
* Operating profit (EBIT) totalled SEK 142 million (141).
* Operating margin was 10.0 percent (11.6).
* Profit after tax increased to SEK 93 million (89).
* Earnings per share totalled SEK 1.78 (1.71).
* Cash flow from operating activities totalled SEK 130 million (143).
First half-year, May-October 2013
* Net sales increased by 19 percent to SEK 2,739 million (2,307).
* Operating profit (EBIT) totalled SEK 244 million (239).
* Operating margin was 8.9 percent (10.4).
* Profit after tax fell to SEK 152 million (162).
* Earnings per share totalled SEK 2.92 (3.11).
* Cash flow from operating activities totalled SEK 199 million (204).
Gerald Engström, CEO, comments:
"Systemair again recorded organic growth, for the 15th successive quarter.
Several of the Group's companies posted new sales records in October. The
Group's sales increased by 16 percent in Q2. The increase is for the most part
attributable to the acquisitions of Menerga in Germany and Holland Heating in
the Netherlands. The operating margin of 10 percent is lower than in the
corresponding period last year. This was due, above all, to needs for
restructuring in some of the recent company acquisitions."
A telephone conference will be held at 9:00 CET on November 28, 2013. The report
will be presented by Gerald Engström, CEO, and Glen Nilsson, CFO. A
presentation, including an interview with Gerald Engström, will be published on
the website in connection with the report. In order to participate in the
telephone conference call +46 (0)8 5052 0110 and enter code 938850 five minutes
before start. The presentation will be published on www.systemair.com.
For further information, please contact:
Gerald Engström, CEO, +46 (0)222 440 01, +46 (0)70 519 0001
Glen Nilsson, CFO, +46 (0)222 440 03, +46 (0)70 654 4003
Systemair AB, SE-739 30 Skinnskatteberg, Sweden, +46 (0)222 440 00,
www.systemair.com
Note: The information in this Interim Report is that which Systemair AB (NASDAQ
OMX Stockholm: SYSR) is required to disclose in accordance with the Swedish
Securities Markets Act and/or the Swedish Financial Instruments Trading Act.
Swedish and English versions of this information have been submitted for
publication at 08.00 a.m. on 28 November 2013.
Systemair in brief
Systemair is a leading ventilation company with operations in 45 countries in
Europe, North- and South America, the Middle East, Asia and South Africa. The
Company had sales of SEK 4.55 billion in financial 2012/13 and currently employs
about 4,200 people. Systemair has reported an operating profit every year since
1974, when the Company was founded. During the past 15 years, the Company's
growth rate has averaged about 13 percent.
Systemair has well-established operations in growth markets. The Group's
products are marketed under the Systemair, Frico, VEAB, Fantech, Menerga and
Holland Heating brands. Systemair shares have been quoted on the Mid Cap List of
the OMX Nordic Exchange in Stockholm since October 2007. The Group comprises
about 60 companies.
Interim Report Q2 2013:
http://hugin.info/138279/R/1746149/587760.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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: Systemair AB via GlobeNewswire
[HUG#1746149]
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Datum: 28.11.2013 - 02:00 Uhr
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