3 May 2018
First quarter 2018
1) Adjusted operating profit/operating margin excludes significant one-off items and restructuring costs.
Lindab's President and CEO, Fredrik von Oelreich, commented:
"In the first quarter, Lindab showed strong organic growth of 13 percent, despite fewer invoicing days as a result of the early Easter. The adjusted operating profit increased by SEK 25 m to SEK 104 m (79).
Products & Solutions sales developed positively with 8 percent organic growth. Operating profit amounted to SEK 118 m (117). Sweden, our largest market, showed a growth of 16 percent, mainly as a result of deliveries of a large Building Solutions project. Among the more important markets in eastern Europe, Poland, Hungary, Czech Republic and Romania all showed organic growth of over 10 percent. All product areas showed growth, with the exception of Rainwater and Building Products, which were negatively affected by the cold winter in the Nordic countries.
The organic growth of Building Systems amounted to 56 percent, driven by large deliveries in Russia. Operating profit improved significantly by SEK 26 m and amounted to SEK 0 m (-26). The implementation of the turnaround programme is on track and gradually began to take effect towards the end of the period. The market continues to develop well and during the period we concluded seven major agreements for orders worth over SEK 10 m. The total backlog was higher at the end of the quarter compared with the same period previous year.
The strategic assessment of our non-ventilation related businesses has entered a new phase, in which the possible option to divest Building Systems is being evaluated.
Price increases have been implemented during the first quarter with further price increases to be implemented during the second quarter. We note that steel prices have begun to increase again, which may result in a need for additional price increases.
The Naga Group
0,998
€
+21,1% ![]() |
![]() |
Lindab's broader product range and the focus on complete ventilation solutions have been well received by the market, as recently indicated at the international trade fair in Milan, Mostra Convegno Expocomfort. We consistently invest in this area in order to strengthen our offering and move higher up in the value chain."
End
__________________
This information is information that Lindab International AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Market Act. The information was submitted for publication, through the agency of the contact persons set out below, at 07:40 CEST on 3 May 2018.
Contact:
Fredrik von Oelreich, acting President and CEO
Email: fredrik.vonoelreich@lindab.com
Phone: +46 (0) 431 85424
Kristian Ackeby, CFO
Email: kristian.ackeby@lindab.com
Mobile: +46 (0) 70 33 85069
Lindab in brief:
Lindab develops, manufactures, markets and distributes products and system solutions 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 of SEK 8,242 m in 2017 and is established in 32 countries with approximately 5,100 employees. The main market is non-residential construction, which accounts for 80 percent of sales, while residential accounts for 20 percent of sales. During 2017, the Nordic market accounted for 46 percent, Western Europe for 33 percent, CEE/CIS (Central and Eastern Europe plus other former Soviet states) for 18 percent and Other markets for 3 percent of total sales.
The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm List, Mid Cap, under the ticker symbol LIAB.
Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.