Revenue and profit
* Revenue amounted to MSEK 9,325 (9,133).
* Operating profit amounted to MSEK 511 (674) and was impacted by
non-recurring costs totalling MSEK 111 (0).
* Profit after net financial items amounted to MSEK 403 (600) and was
impacted by non-recurring costs totalling MSEK 111 (0).
* Profit after taxes totalled MSEK 291 (432).
* Earnings per share amounted to SEK 10.20 (15.10).
* Return on equity totalled 17 percent.
* A dividend of SEK 2.50 (5.00) per share is proposed.
Significant events during the financial year
* Major economic decline
During the fourth quarter, revenue for comparable units declined by
21 percent. Revenue for comparable units declined by a total of 7
percent during the financial year.
* Measures to restore the operating margin
On the whole, the cost-saving programmes implemented in the Group's
various operations were carried out according to the plan announced
in the previous Interim Report, which will result in a total annual
cost reduction of approximately MSEK 400 (all other things being
equal) once all of the cost-cutting measures have taken full
effect.
Read more! Please download the complete document.
TOGETHER WE MAKE INDUSTRY MORE EFFICIENT
B&B TOOLS provides the industrial and construction sectors in
northern Europe with industrial consumables, industrial components
and related services. The Group has annual revenue of approximately
SEK 9.3 billion and approximately 2,900 employees.
