Financial Statement 2016

Q4 2016

• Incoming orders amounted to SEK 830.5m (732.2), which organically is an increase of 9.1% compared with the same period last year.
• Net sales amounted to SEK 820.1m (898.6), which organically is a decrease of 12.6% compared with the same period last year.
• Adjusted operating profit was SEK 85.5m (89.1), giving an adjusted operating margin of 10.4% (9.9).
• Operating profit was SEK 85.5m (88.2), giving an operating margin of 10.4% (9.8).
• Net profit was SEK 61.1m (61.3).
• Earnings per share were SEK 5.23 (5.24).

January-December 2016

• Incoming orders amounted to SEK 2,992.3m (3,171.8), which organically is a decrease of 6.7% compared with the same period last year.
• Net sales amounted to SEK 3,107.3m (3,198.0), which organically is a decrease of 4.0% compared with the same period last year.
• Adjusted operating profit was SEK 250.3m (263.1), giving an adjusted operating margin of 8.1% (8.2).
• Operating profit was SEK 250.3m (242.0), giving an operating margin of 8.1% (7.6).
• Net profit was SEK 172.1m (152.8).
• Earnings per share were SEK 14.72 (13.07).
• The Board of Directors proposes a dividend of SEK 5.50 (5.00) per share.

 CEO’s comments

“Nedermans product, service and smaller solution sales, also named core business, had a solid performance during the quarter within both the EMEA and the Americas with an organic growth in incoming orders of 10.5% and 17.3% respectively. Total incoming orders in the quarter increased by SEK 98m, corresponding to an organic growth of 9.1%. Incoming orders for the full year totalled 2,992.3m (3,171.8), which organically is a decrease of 6.7%.

The European market is deemed to be stable and is characterised by cautious optimism. In the Americas, the market situation continues to be characterised by great uncertainty with prolonged decision-making processes, although there are positive undertones in the USA. The uncertain situation in the region is expected though to continue for several quarters to come.

Our greatest challenge continues to be the uncertainty around sale of major projects in the USA and China. Demand in the USA has been affected by the downturn in industrial production in the last twelve months. In China, we see lower economic activity which limits the number of major investments and the economic development in the country is difficult to assess at the moment. Yet in the long-term, Nederman foresees future business opportunities in China due to increased environmental awareness.

In the APAC region, we completed the final measures relating to cost and structural adjustments in Thailand and Australia. The market situation in Thailand continues to be difficult, but in Australia our measures have had a very positive effect on profitability in this market.

The Group’s operating profit in the quarter was satisfactory. Cash flow from operating activities was improved for the full year.”

Sven Kristensson, CEO

 
For further information, please contact:

Sven Kristensson, CEO
Telephone: +46 42 18 87 00
e-mail: sven.kristensson@nederman.com

Matthew Cusick, CFO
Telephone: +46 42 18 87 00
e-mail: matthew.cusick@nederman.com

This information is information that Nederman Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 a.m.  CET on February 10, 2017.

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

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

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