Third quarter 2008
* Net sales increased by 9 % to SEK 2,717 m (2,494)
* Operating profit (EBIT), excluding one-off items, increased by 8
% to SEK 458 m (424)
* Operating margin (EBIT), excluding one-off items, was 16.9 %
(17.0)
* Earnings per share amounted to SEK 3.79 (4.08)
* Cash-flow from operating activities amounted to SEK 127 m (264)
January - September 2008
* Net sales increased by 9 % to SEK 7,413 m (6,795)
* Operating profit (EBIT), excluding one-off items, increased by 13
% to SEK 1,061 m (939)
* Operating margin (EBIT), excluding one-off items, increased to
14.3 % (13.8)
* Earnings per share amounted to SEK 8.65 (8.31)
* Cash-flow from operating activities amounted to SEK 453 m (300)
Lindab reports that net sales for the third quarter of 2008 totalled
SEK 2,717 million (2,494) with an operating profit (EBIT) of SEK 458
million (424), an increase of 8 percent compared with the same period
last year."We are very pleased to announce continued good results," says
Lindab's President and CEO, David Brodetsky. "The organic growth is 5
percent and the operating margin remains at the same level, which is
satisfactory given the current market and the increases in steel
prices during the quarter.""With the prevailing financial crisis, the market is very difficult
to predict, but we expect to see effects on the real economy and
therefore our markets during 2009," says David Brodetsky. "However, I
believe that we have a favourable geographical spread and we expect
the CEE/CIS market to outperform the more mature markets in coming
years. Our strong product portfolio and superior distribution network
will also continue to give us a competitive edge," concludes David
Brodetsky.
Financial calendar 2009
11 February - Q4 and Year End Report
6 May - Q1 report
6 May - Annual General meeting
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.
A Flash presentation with comments by Lindab's CEO and CFO is
available on the homepage.
A telephone conference will take place today at 11.30 CET. Please
register via the following
link:http://wcc.webeventservices.com/view/wl/r.htm?e=124175&s=1&k=992549191765F6C5354D20801BC8A8E9&cb=genesys
or call in on +44 (0)20 7162 0077 a few minutes before the
conference is due to start.
Slides for the conference can be found on our website,
http://www.lindabgroup.com/Swedish/ir/presentationer/Pages/default.aspx
A replay will be available within 24 hours after the conference has
ended.
Contacts:
LINDAB
David Brodetsky, CEO
Email: david.brodetsky@lindab.com
Tel. +46 (0)431 854 24
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 5,600 employees in 31 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
