Interim report January–September 2016

Quarter 3, 2016

  ·  Incoming orders amounted to SEK 696.6m (846.7), which organically is a
decrease of 18% compared with the same period last year.
  ·  Net sales amounted to SEK 792.0m (796.7), which organically is a decrease
of 0.9% compared with the same period last year.
  ·  Adjusted operating profit was SEK 68.6m (71.6), giving an adjusted
operating margin of 8.7% (9.0).
  ·  Operating profit was SEK 68.6m (51.4), giving an operating margin of 8.7%
(6.5).
  ·  Net profit was SEK 47.9m (28.7).
  ·  Earnings per share were SEK 4.09 (2.45).

January-September, 2016

  ·  Incoming orders was SEK 2,161.8m (2,439.6), which organically is a decrease
of 11.2% compared with the same period last year.
  ·  Net sales amounted to SEK 2,287.2m (2,299.4), which organically is a
decrease of 0.8% compared with the same period last year.
  ·  Adjusted operating profit was SEK 164.8m (174.0), giving an adjusted
operating margin of 7.2% (7.6).
  ·  Operating profit was SEK 164.8m (153.8), giving an operating margin of 7.2%
(6.7).
  ·  Net profit was SEK 111.0m (91.5).
  ·  Earnings per share were SEK 9.49 (7.83).

CEO’s comments

“Nederman’s core business with products and services had a solid performance
during the quarter within both EMEA and the USA. It was particularly pleasing to
note the strong recovery in Europe in September after weak demand in June and
July in the wake of the UK’s decision to leave the EU. The European market is
judged now to be considerably more stable than right after the UK referendum.

Our greatest challenge is the uncertainty around sales of major projects in the
USA and China. Demand in the USA has been affected by the slowdown in industrial
production in the last twelve months. A further factor that is deemed to have an
effect on some investment decisions is the uncertainty associated with the
forthcoming presidential election.

In China, we are seeing lower economic activity which limits the number of major
investments and the economic development in the country is difficult to assess
at the moment.

In the quarter, we completed the last measures relating to cost and structural
adjustments in Thailand and Australia as planned. In the USA, the business for
shock-absorbing cabinets for electronic equipment was phased out as planned and
previously announced during the quarter.

The Group’s operating profit in the quarter was satisfactory. Cash flow from
operating activities has improved in comparison with the same period last year.”

Sven Kristensson, CEO


For further information, please contact:
Sven Kristensson, CEO
Telephone +46 (0)42-18 87 00
e-mail: sven.kristensson@nederman.com

Stefan Fristedt, CFO
Telephone +46 (0)42-18 87 00
e-mail: stefan.fristedt@nederman.com

For further information, see Nederman’s website www.nedermangroup.com

This information is information that Nederman is obliged to make public pursuant
to the EU Market Abuse Regulation and the Swedish Securities Markets Act. The
information was submitted for publication on 19 October 2016 at 8 am.

Facts about Nederman

Nederman is one of the world's leading companies supplying products and
solutions in the environmental technology sector focusing on industrial air
filtration. The company's products and solutions contribute to reducing the
environmental impact, create safe and clean working environments and improve
production efficiency. Nederman offers complete solutions, including engineering
and design, commissioning, installation, training and aftermarket. Sales are
managed through the Group’s own sales offices and distributors in over 50
countries. Production is performed in 12 countries on five continents. The
Nederman Group is listed on Nasdaq Stockholm and has around 1,900 employees.
Learn more at www.nedermangroup.com (http://www.nedermangroup.com%0d)

Nederman Holding AB (publ), P.O. Box 602, SE-251 06 Helsingborg, Sweden.
Corporate registration number: 556576-4205