Lindab's Report for the the Fourth Quarter and Full Year 2012
October - December 2012
Â· Sales revenue decreased by 10 percent to SEK 1,667 m (1,855), a decrease of
12 percent when adjusted for currency and structure.
Â· Operating profit (EBIT) amounted to SEK 105 m (107), excluding one-off items
of SEK -65 m (-42).
Â· The operating margin (EBIT), excluding one-off items, amounted to 6.3 percent
Â· After tax profit totalled SEK 2 m (-5).
Â· Earnings per share amounted to SEK 0.03 (-0.07).
Â· Cash flow from operating activities amounted to SEK 192 m (252).
Â· The target of the cost reduction programme (SEK 150 m annually) has been
surpassed and the programme extended to SEK 300 m.
Â· Anders Berg, new President and CEO will take office on 18 March 2013.
January - December 2012
Â· Sales revenue decreased by 3 percent to SEK 6,656 m (6,878), a decrease of 5
percent when adjusted for currency and structure.
Â· Operating profit (EBIT) amounted to SEK 460 m (407), excluding one-off items
of SEK -126 m (-59).
Â· The operating margin (EBIT), excluding one-off items, amounted to 6.9 percent
Â· The after-tax result amounted to SEK 122 m (91).
Â· Earnings per share amounted to SEK 1.61 (1.21).
Â· Cash flow from operating activities amounted to SEK 222 m (345).
Â· Zero dividend proposed (SEK 1.00).
Lindab'sÂ Chairman, Kjell Nilsson,Â commented:
"Lindab once again reports an improved EBIT margin, in spite of tough market
conditions.Â Demand weakened further in the fourth quarter and together with an
additional impact coming from the severe winter weather conditions in December
resulted in an organic sales decline for the period. However, the EBIT margin
compares favourably with last year due to the increasing impact of the cost and
The cost and efficiency programme has been extended due to the weakening markets
and is now expected to generate savings of SEK 300 m before sales activites and
inflation, which is double the previously reported target. The majority of
actions have already been implemented or initiated and the full impact will be
in place from the third quarter 2013.
In addition to our cost and efficiency programme, we will have a clear focus on
improving profitability through increased volumes. We will achieve this through
reinforcing our distribution and taking advantage of our strong brand, our
market-leading position and our high quality products.
By intensifying our efforts to increase volumes and take market shares, we will
also increase capacity utilisation of our production units and further increase
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
Kjell Nilsson, Chairman of the Board
Mobile:+46 (0)70 26 00121
Carl-Gustav Nilsson, Acting President and CEO
Mobile:+46 (0)70 67 85011
Per Nilsson, CFO
Mobile: +46 (0)70 33 85069
An audiocast telephone conference will be held at 09:30 (CET). The report will
be presented by Carl-Gustav Nilsson, Acting CEOÂ and Per Nilsson, CFO.
To access, please call UK +44 (0) 20 33645372 a few minutes before the scheduled
start. Alternatively, call the Swedish number +46 (0) 850556481.
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
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 6,656 m in 2012 and is established in 31
countries with 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 2012, the Nordic market accounted for 46
percent, the CEE/CIS (Central and Eastern Europe plus 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 Fourth Quarter and Full Year 2012:
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