Interim report January–March 2016

Improved cash flow in the quarter

• Incoming orders amounted to SEK 738.8m (780.7), which adjusted for currency effects and acquisitions is a decrease of 4.7%, compared to the same quarter last year.
  
  
• Net sales amounted to SEK 724.7m (727.2), which adjusted for currency effects and acquisitions is a decrease of 1.2%, compared to the same quarter last year.
  
  
• The operating profit was SEK 30.8m (38.1), giving an operating margin of 4.3% (5.2).
  
  
• The net profit was SEK 20.1m (23.9).
  
  
• Earnings per share were SEK 1.72 (2.04).

CEO’s comments

“Orders received in the first quarter amounted to SEK 739 million, corresponding to an organic growth of -4.7%. It is primarily the deferment of major projects in the Americas and a slower than anticipated start in some EMEA countries that have contributed to this decrease.

Development in the Americas shows a positive sales trend for products and smaller systems while we booked fewer larger projects than expected in the first quarter. The number of tendered projects, however, remains at a good level.

The order intake in APAC developed strongly the first quarter with all countries contributing positively. The incentives for investments in environmental improving equipment remain, albeit in the short term, we see a gap between authorities’ incentive to mitigate environmental issues and actual investments made in the industry. We are willing to invest in Asia but can conclude that profitability in our business segments is not satisfactory. We will, in addition to already taken actions, further evaluate our way of working in the region and adapt our offering according to market conditions.

Cash flow in the quarter has improved compared to same period last year. Mainly due to lower levels of working capital."

Sven Kristensson, CEO

Nederman is required to disclose the information provided herein according to the Swedish Securities Exchange and Clearing Operations Act and/or the Financial Instrument Trading Act. The information was submitted for publication on 20 April 2016 at 16.00.

Further information can be obtained from

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

Nederman Holding AB (publ),
Box 602, SE-251 06 Helsingborg, Sweden
Telephone +46 (0)42-18 87 00
Co. Reg. No. 556576-4205

Facts about Nederman

Nederman is one of the world's leading companies supplying products and systems in the environmental technology sector focusing on industrial air filtration and recycling. The company's solutions are contributing to reducing the environmental effects from industrial production, to creating safe and clean working environments and to boosting production efficiency.  

Nederman's offering encompasses everything from the design stage through to installation, commissioning and servicing. Sales are carried out via subsidiaries in 25 countries and agents and distributors in over 30 countries. Nederman develops and produces in its own manufacturing and assembly units in Europe, North America and Asia.

The Group is listed on the Nasdaq Stockholm Mid Cap list; it has about 1,900 employees and a turnover of about SEK 3 billion.

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