Continued improved margins
Second quarter 2008
* Net sales increased by 10 % to SEK 2,567 m (2,329)
* Operating profit (EBIT) increased by 20 % to SEK 396 m (330)
* Operating margin (EBIT) increased to 15.4 % (14.2)
* After tax profit amounted to SEK 266 m (221)
* Earnings per share amounted to SEK 3.38 (2.81)
* Cash-flow from operating activities amounted to SEK 317 m (193)
January - June 2008
* Net sales increased by 9 % to SEK 4,696 m (4,301)
* Operating profit (EBIT) increased by 17 % to SEK 603 m (515)
* Operating margin (EBIT) increased to 12.8 % (12.0)
* After tax profit amounted to SEK 383 m (333)
* Earnings per share amounted to SEK 4.87 (4.23)
* Cash-flow from operating activities amounted to SEK 326 m (36)
Lindab reports that net sales for the second quarter 2008 reached SEK
2,567 million (2,329) with an operating profit (EBIT) of SEK 396
million (330), an increase of 20 percent compared with the same
period last year."We are very pleased with both net sales growth and profit," says
Lindab's President and CEO, Kjell Åkesson. "The operating margin
has strengthened by 1.2 percentage points and cash flow has improved
thanks to a higher operating profit and less capital tied-up."
A recently published report from Euroconstruct, highlighting
construction trends up to 2010, indicates continued growth in
Lindab's markets. "The forecast for Lindab's market growth for 2008
lies at just under 5 percent. The market for residential construction
is slowing down, but for non-residential construction and our
geographical exposure it is looking positive," says Kjell Åkesson.
Profitability within the Comfort Division has improved and sales
volumes have increased. "We are now making further steps by expanding
our production unit in the Czech republic, which will improve
efficiency and profitability for both divisions within the
Ventilation business area," says Kjell Åkesson.
Up to SEK 200 m of the share buy-back mandate received by the Board
at the AGM will be exercised before 1 September 2008.
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 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
Mobile: +46 (0)70 66 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 OMX Nordic Exchange, Stockholm, 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.lindabgroup.com
