Continually improved margins
Second quarter 2007
* Net sales increased by 21% to SEK 2,329 m (1,918)
* Operating profit (EBIT) increased by 42% to SEK 330 m (233)
* Operating margin (EBIT) increased to 14.2% (12.1)
* After-tax profit increased to SEK 221 m (158)
* Diluted earnings per share amounted to SEK 2.81 (1.29)
January - June 2007
* Net sales increased by 26% to SEK 4,301 m (3,412)
* Operating profit (EBIT) increased by 63% to SEK 515 m (315)
* Operating margin (EBIT) increased to 12.0% (9.2)
* After-tax profit increased to SEK 333 m (209)
* Diluted earnings per share amounted to SEK 4.23 (2.10)
Lindab reports that its net sales for the second quarter of 2007
reached SEK 2,329 m (1,918) with a profit of SEK 330 million. This
represents an improvement of 42 percent when compared with the same
period last year."The Nordic countries and Western Europe have shown strong growth,"
says CEO and President Kjell Åkesson. "It is particularly positive
that the margins have improved. This can be mainly explained by
increasing internal efficiency as well as by focusing on core
products."
In Eastern Europe demand remains strong. This is mainly shown through
the increased sales for Ventilation, Building Components and a bigger
order book for Building Systems.
The construction trend continues to be robust. A newly published
forecast from Euroconstruct, for the building industry to the end of
2009, indicates continued growth for Lindab's markets. "We have every
good reason to look positively at the future", says Kjell Åkesson."Our strong advance in the UK is noteworthy - sales have increased
considerably in both business areas. Last year's acquisition of CCL
Veloduct contributed according to plan and within Profile, our
efforts with the roof drainage system, Rainline, have proven very
successful."
Other important events during the period were the successful launch
of the new duct system, Lindab Safe Click, a system that can be
assembled without tools, therefore considerably simplifying
installations. "We have received very positive reactions from both
new and existing customers, which reinforces our conviction about the
system's potential," concludes Kjell Åkesson.
Ends
Contacts:
LINDAB
Kjell Åkesson, CEO
Email: kjell.akesson@lindab.com
Tel. +46 (0)431 850 00
Nils-Johan Andersson, CFO
Email: nils-johan.andersson@lindab.com
Tel. +46 (0)431 850 00
Support material:
Full report attached in pdf format
About Lindab:
Lindab is an international group that develops, manufactures and
markets sheet metal products and system solutions for the
construction sector.
The two business areas, Profile and Ventilation offer complete
solutions for construction systems and indoor climate, as well as
individual construction and ventilation components for all types of
buildings.
Lindab is listed on the Stockholm Stock Exchange, Nordic Large Cap
under the ticker "LIAB".
The Lindab group has approximately 5,000 employees in 29 countries
and generated sales of SEK 7,609 million in 2006. Its head office is
located in Grevie near Bastad in southwestern Sweden. For more
information visit www.lindab.com
