Financial year (1 April 2010 - 31 March 2011)
* Revenue totalled MSEK 7,885 (7,648).
* Operating profit increased by 33 percent to MSEK 347 (261).
* Profit after net financial items amounted to MSEK 280 (193).
* Profit after taxes increased by 45 percent to MSEK 194Â (134).
* Earnings per share amounted to SEK 6.90 (4.80).
* Return on equity increased to 11 percent (8).
* A dividend of SEK 3.00 (2.50) per share is proposed.
Fourth quarter (1 January - 31 March 2011)
* Revenue for comparable units, measured in local currency, increased by
approxiÂmately 10 percent during the fourth quarter of the financial year.
Robust sales development for TOOLS in Sweden, Norway and Finland, as well as
for TOOLS Momentum.
* Operating profit increased by 19 percent to MSEK 74 (62). Earnings
improveÂments for TOOLS in Sweden and Finland, as well as for TOOLS
Momentum. TOOLS in Norway and the operations in Poland reported negative
results.
After the end of the financial year
* A new Group structure as of 1 April 2011 - with fewer organizational levels,
shorter decision-making paths and improved cost-efficiency.
B&B TOOLS provides the industrial and construction sectors in northern Europe
with industrial consuÂmables, industrial components and related services. The
Group has annual revenue of approximately SEK 7.9 billion and approximately
2,800 employees.
Read more! Please download the complete document.
Financial Report 1 April 2010 – 31 March 2011:
http://hugin.info/1026/R/1515155/451412.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: B&B TOOLS AB via Thomson Reuters ONE
[HUG#1515155]
