Borås, Sweden, 2017-02-28 12:00 CET (GLOBE NEWSWIRE) -- Fourth quarter (October 2016 – December 2016)
- Net Sales amounted to SEK 137.7 million (138.2), excluding exchange rate fluctuations net sales increased 1.3%.
- EBITDA amounted to SEK 30.3 million (26.0), reaching an EBITDA-margin of 22.0% (18.8).
- EBITDA was charged with nonrecurring costs of SEK 0.6 million (0.4). Accordingly adjusted EBITDA amounted to SEK 30.9 million (26.4), reaching an adjusted EBITDA margin of 22.5% (19.1).
- Adjusted EBITA amounted to SEK 26.0 million (21.7), reaching an adjusted EBITA margin of 18.9% (15.7%).
- During the fourth quarter the board decided to make an impairment of goodwill of SEK 202 million which impacted operating profit. The Goodwill value in the consolidated balance sheet at after the impairment amounts to SEK 330.7 (532.7) million.
Year to end (January 2016 – December 2016)
- Net Sales amounted to SEK 518.5 million (528.4), down 1.9% compared with the preceding year. Excluding exchange rate fluctuations net sales increased 0.9%.
- EBITDA amounted to SEK 71.6 million (77.1), reaching an EBITDA-margin of 13.8% (14.6).
- EBITDA was charged with nonrecurring costs of SEK 4.2 million (0.4). Accordingly adjusted EBITDA amounted to SEK 75.8 million (77.5), reaching an adjusted EBITDA margin of 14.6% (14.7).
- Adjusted EBITA amounted to SEK 55.8 million (55.1), reaching an adjusted EBITA margin of 10.8% (10.4%).
| FINANCIAL INFORMATION IN SUMMARY | 3 months | 12 months | ||
| Oct-Dec | Jan-Dec | |||
| SEK million | 2016 | 2015 | 2016 | 2015 |
| Net Sales | 137.7 | 138.2 | 518.5 | 528.4 |
| Reported EBITDA | 30.3 | 26.0 | 71.6 | 77.1 |
| Adj. EBITDA | 30.9 | 26.4 | 75.8 | 77.5 |
| Reported EBITA | 25.4 | 21.3 | 51.6 | 54.7 |
| Adj. EBITA | 26.0 | 21.7 | 55.8 | 55.1 |
| Operating profit / Reported EBIT | -179.0 | 18.8 | -160.1 | 44.7 |
| Operating profit /EBIT (excl impairment) | 23.0 | 18.8 | 41.9 | 44.7 |
| Reported EBITDA margin | 22.0% | 18.8% | 13.8% | 14.6% |
| Adj. EBITDA margin | 22.5% | 19.1% | 14.6% | 14.7% |
| Reported EBITA margin | 18.4% | 15.4% | 10.0% | 10.4% |
| Adj. EBITA margin | 18.9% | 15.7% | 10.8% | 10.4% |
| Operating profit (excluding impairment) | 16.7% | 13.6% | 8.1% | 8.5% |
Borås, February 28, 2017.
The Board of Directors
Further information
Olle Svensk, President and CEO.
Esko Österbacka, CFO.
WA WallVision AB
Ryssnäsgatan 8
PO Box 1
SE-501 13 Borås, Sweden
www.wallvision.se
+43 33 23 64 00
