Borås, Sweden, 2015-12-11 09:00 CET (GLOBE NEWSWIRE) -- Third quarter (July 2015 – September 2015)
- Net Sales amounted to SEK 125.9 million (141,1), down 10.8% compared with the preceding year.
- EBITDA amounted to SEK 20.0 million (27.4), reaching an EBITDA-margin of 15.9% (19.4).
- Last year EBITDA was charged with nonrecurring costs of SEK 0.7 million during the third quarter. Accordingly adjusted EBITDA amounted to SEK 20.0 million (28.1), reaching an adjusted EBITDA margin of 15.9% (19.9).
- Adjusted EBITA amounted to SEK 14.4 million (22.0), reaching an EBITA-margin of 11.5% (15.6).
Nine months (January 2015 – September 2015)
- Net Sales amounted to SEK 390.2 million (394.1), down 1.0% compared with the preceding year.
- EBITDA amounted to SEK 51.2 million (56.0), reaching an EBITDA-margin of 13.1% (14.2).
- Last year EBITDA was charged with nonrecurring costs of SEK 3.3 million during the first nine months. Accordingly adjusted EBITDA amounted to SEK 51.2 million (59.3), reaching an adjusted EBITDA margin of 13.1% (15.0).
- Adjusted EBITA amounted to SEK 33.4 million (41.0), reaching an EBITA-margin of 8.6% (10.4).
Events after closing date
- At the extraordinary annual meeting on December 7, 2015, 98.5% (425 MSEK) of the shareholder loans was set off against Preferred Shares in the company. This strengthens the balance sheet and increases the equity by SEK 425 million.
| FINANCIAL INFORMATION IN SUMMARY | 3 months | 9 months | Full year | ||
| July-Sep | Jan-Sep | Jan-Dec | |||
| SEK million | 2015 | 2014 | 2015 | 2014 | 2014 |
| Net Sales | 125.9 | 141.1 | 390.2 | 394.1 | 527.0 |
| Reported EBITDA | 20.0 | 27.4 | 51.2 | 56.0 | 73.5 |
| Adj. EBITDA | 20.0 | 28.1 | 51.2 | 59.3 | 79.8 |
| Reported EBITA | 14.4 | 21.3 | 33.4 | 37.7 | 49.3 |
| Adj. EBITA | 14.4 | 22.0 | 33.4 | 41.0 | 55.6 |
| Operating profit / Reported EBIT | 11.9 | 18.8 | 25.9 | 30.3 | 39.3 |
| Reported EBITDA margin | 15.9% | 19.4% | 13.1% | 14.2% | 14.0% |
| Adj. EBITDA margin | 15.9% | 19.9% | 13.1% | 15.0% | 15.1% |
| Reported EBITA margin | 11.5% | 15.1% | 8.6% | 9.6% | 9.3% |
| Adj. EBITA margin | 11.5% | 15.6% | 8.6% | 10.4% | 10.5% |
Borås, December 11, 2015.
The Board of Directors
Further information
Åke Stråberg, President and CEO.
Esko Österbacka, CFO.
WA WallVision AB
Ryssnäsgatan 8
PO Box 1
SE-501 13 Borås, Sweden
www.wallvision.se
+43 33 23 64 00
