Interim report, January – June 2013

  • Orders received MSEK 1,551 (1,659). After adjustment for currency effects, orders received have decreased by 3% compared with the previous year.
  • Net Sales MSEK 1,430 (1,539). After adjustment for currency effects, sales have decreased by 3%.
  • Operating profit MSEK 85.3 (105.0), an operating margin of 6.0 (6.8) %.
  • Profit after tax MSEK 55 (59.4).
  • Earnings per share SEK 4.36 (4.71).
  • During the quarter, I-Valo Oy was acquired in Finland.

Comments by CEO Johan Hjertonsson:

  • The demand in the late-cycle Indoor Lighting and Retail Lighting Business Areas is stable at a low level, which is in line with previous assessments, and we believe that the market is likely to continue to be weak during the second half year.
  • A positive level of orders received was seen in the second quarter, MSEK 818 (861), which is an increase of 12% compared with the first quarter 2013. This is a decline compared with the strong comparative period Q2 2012 which had been largely due to the strong Swedish krona.
  • An improved operating profit in the second quarter compared with the previous year, MSEK 50.9 (44.7).
  • The lower level of sales has been compensated for through costs savings and a stronger gross margin during the second quarter.
  • Strong cash flow from the on-going operations during the quarter.
  • I-Valo Oy was acquired during the quarter and compliments the Group’s offering to heavy industry.

Disclosures may be submitted by

Johan Hjertonsson CEO tel: 46 36 10 87 06 mobile: 46 70 229 77 93 e-mail: johan.hjertonsson@fagerhult.se

Håkan Gabrielsson CFO tel: 46 8 52 23 59 48 mobile: 46 70 84 40 918 e-mail: hakan.gabrielsson@fagerhult.se

Fagerhult is one of Europe’s leading lighting groups with approximately 2,200 employees and operations in 20 countries. We create modern products and exciting, energy-efficient and environmentally-adapted lighting installations, successfully integrated into their individual environments. The Group includes such strong brands as Fagerhult, Ateljé Lyktan, LTS, Whitecroft Lighting, Designplan Lighting and I-Valo. AB Fagerhult is listed on the Nasdaq OMX Nordic Exchange in Stockholm.

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About Us

Fagerhult is one of Europe’s leading lighting groups with approximately 3,300 employees and operations in more than 25 countries. We create modern products and exciting, energy-efficient and environmentally-adapted lighting installations, successfully integrated into their individual environments. The Group includes such strong brands as Fagerhult, Ateljé Lyktan, LTS, Whitecroft Lighting, Designplan Lighting, Eagle Lighting, I-Valo, Arlight, Lighting Innovation, LED Linear, WE-EF and Flux Eclairage. AB Fagerhult is listed on the Nasdaq Nordic Exchange in Stockholm.