Fourth quarter 2007:
* Net sales increased by 15% to SEK 2,485 m (2,152)
* Operating profit (EBIT) increased by 31% to SEK to 370 (282)
excluding one-off items for 2006[1]
* Operating margin (EBIT) increased to14,9% (13,1), excluding
one-off items for 20061
* Diluted earnings per share amounted to 3.14 SEK (1.59)
* Cash-flow from operating activities amounted to SEK 575 m (267)
Full Year 2007:
* Net sales increased by 22% to SEK 9,280 m (7,609)
* Operating profit (EBIT) increased by 40% to SEK 1,309 m (933),
excluding one-off items for 2006[2]
* The operating margin (EBIT) increased to 14.1% (12.3) excluding
one-off items for 20062
* Diluted earnings per share amounted to SEK 11.45 (6.29)
* Cash-flow from operating activities amounted to SEK 875 m (778)
* Proposed dividend, 5.25 SEK, an increase of 62% compared with
2006
* Mandate request for share buy-back of up to a maximum value of
SEK 400 m"We are very pleased that the growth in net sales, margins and cash
flow show such good improvements for the quarter," says Lindab's CEO
and President Kjell Åkesson.
Lindab reports that net sales for the fourth quarter 2007 reached
SEK 2,485 million (2,152) with a profit of SEK 370 million. Excluding
one-off items for 2006, this corresponds to an increase of 31 percent
when compared with the same period last year."The growth for the quarter (15%) remains strong, bearing in mind
that December had fewer working days in 2007 compared with 2006,"
says Kjell Åkesson.
All regions have developed well. Net sales in the Nordic region grew
by 13 percent and by 26 percent in Western Europe, just over half of
which is due to acquisitions. The sales growth in the CEE/CIS region
was 13 percent. Excluding Hungary, which has suffered fiscal
restraints, the increase for this region was 22 percent."Regarding the future outlook, we share Euroconstruct's estimate that
counts on a growth level of around 5 percent for our product and
market mix during 2008, which is continued good growth," says Kjell
Åkesson. For 2007 the market growth was just under 7 percent."Our focus on margins is generating results. The operating margin for
the quarter of 14.9 percent is almost two percentage points better
than last year," adds Kjell Åkesson. "This is partly due to strong
volume growth with efficient cost control."
Ends
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 laws for Stock Exchange and Clearing
Operations Act and/or the Financial Instruments Trading Act.
Contacts:
LINDAB
Kjell Åkesson, CEO
Email: kjell.akesson@lindab.com
Tel. +46 (0)431 850 00 / 850 07
Nils-Johan Andersson, CFO
Email: nils-johan.andersson@lindab.com
Tel. +46 (0)431 85075
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 30 countries
and generated sales of SEK 9,280 million in 2007. Its head office is
located in Grevie near Bastad in southwestern Sweden. For more
information visit www.lindab.com
[1] Restructuring costs of SEK 41 m and costs relating to flotation
on the stock market of SEK 25 m
[2] Restructuring costs of SEK 41 m and costs relating to flotation
on the stock market of SEK 25 m as well as capital gains on property
sales of SEK 27 m
