Lindab's report for the Third Quarter 2010

July - September 2010
 
  * Sales revenue increased by 3 percent to SEK 1,881 m (1,825), an increase of
    8 percent when adjusted for currency and structure.
  * Operating profit (EBIT) increased by 46 percent to SEK 212 m (145),
    excluding one-off items of SEK -7 m (-35).
  * The operating margin (EBIT), excluding one-off items, amounted to 11.3
    percent (7.9).
  * The after-tax result amounted to SEK 114 m (37).
  * Earnings per share amounted to SEK 1.51 (0.49).
  * Cash flow from operating activities amounted to SEK 172 m (329).
 
January - September 2010
 
  * Sales revenue decreased by 11 percent to SEK 4,830 m (5,417), a decrease of
    6 percent when adjusted for currency and structure.
  * Operating profit (EBIT) amounted to SEK 272 m (267), excluding one-off items
    of SEK 47 m (-47).
  * The operating margin (EBIT), excluding one-off items, amounted to 5.6
    percent (4.9).
  * The after-tax result amounted to SEK 113 m (29).
  * Earnings per share amounted to SEK 1.50 (0.39).
  * Cash flow from operating activities amounted to SEK 67 m (474).
  * A contract concerning the sale and lease-back of property in January 2010
    generated cash flow of SEK 285 m, with a capital gain of SEK 73 m.
  * Acquisition of the Finnish ventilation company IVK-Tuote Oy.
 
Lindab's President and CEO, David Brodetsky commented:
 
"Our third quarter performance confirmed recent trends and expectations: we have
seen positive signs in the Nordic residential markets; the non-residential
markets have stabilised and we have been able to recover the increased cost of
steel in our sales prices.
 
I'd particularly like to highlight the Building Components business area's
excellent performance in the quarter. Sweden stands out especially as the top
performing market with September being the best ever month on record for
Building Components in this market. The Building Systems business area also did
very well to turn around from a loss in Q3, 2009 to good profitability in Q3,
2010 in large part due to improved sales in Eastern Europe stemming from orders
booked in Q2. The Ventilation business area's markets remain weak but stable.
 
In overall terms, the new strategy is directing focus, attention and resources
to the business segments where Lindab has clear strengths and where we see the
most attractive markets. Geographically, we have good positions throughout the
Nordic region, Western Europe and CEE. Of course we'll work to strengthen these
but we also see main growth regions in Russia and CIS. We are now in the
implementation phase with many activities in each business area focusing on the
areas that will drive stronger growth and profitability in the coming years.
 
The market outlook is unchanged. We expect the residential segment to continue
to confirm its recovery, particularly in the Nordic region. The non-residential
market, on the other hand, remains stable overall. External indicators continue
to point to the start of a recovery in this segment in the 2nd half of 2011."
 
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.
 
An audiocast telephone conference will be held at 09:30 (CET). The report will
be presented by David Brodetsky, President and CEO, and Nils Johan Andersson,
CFO.
 
To access the telephone conference, please call UK +44 (0)20 7806 1966 a few
minutes before the scheduled start. Alternatively, call the Swedish number +46
(0)8 5051 3793.
 
The presentation slides will be published in the Investor Relations section of
the website
http://www.lindabgroup.com/English/ir/presentations/Pages/default.aspx
 
A recording of the conference will be published within the same section.
 
An interview with the CEO and CFO of Lindab will also be available as a flash
presentation on the website.
 
Contacts:
 
LINDAB
 
David Brodetsky, CEO
Email:david.brodetsky@lindab.com
Mobile: +46 (0)73 274 5418
 
Nils-Johan Andersson, CFO
Email:nils-johan.andersson@lindab.com
Mobile:+46 (0)70 668 5075
 
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 net sales of SEK 7,019 m in 2009, was established in 31 countries
and had approximately 4,500 employees. The main market is non-residential
construction, which accounts for 80 percent of sales, while residential accounts
for 20 percent of sales. During 2009, the Nordic market accounted for 42
percent, CEE/CIS (Central and Eastern Europe as well as other former Soviet
states) for 21 percent, Western Europe for 32 percent and other markets for 5
percent of total sales.
 
The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Large Cap,
under the ticker symbol LIAB. The principal shareholders are Ratos, Sjätte AP-
fonden and Skandia Liv. For more information visit www.lindabgroup.com
 
[HUG#1457166]
 
Report for the Third Quarter 2010: 
http://hugin.info/1122/R/1457166/396949.pdf
 
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Source: Lindab International AB via Thomson Reuters ONE