Nefab reports growth of 14% and profits of SEK 117 M for the full year

Nefab presents continued growth in today’s year-end report. Invoiced sales increased by 14% on a full-year basis and growth during the fourth quarter was a full 17%. Profit after financial items for 2005 amounted to SEK 117 M, compared with profit of SEK 122 M in 2004. However, in 2005 profits were charged with expenses of SEK 18 M for restructuring of production in Europe. Full-year 2005: • Invoiced sales amounted to SEK 1,501 M (1,319), an increase of 14%. • Profits after financial items amounted to SEK 117 M (123). Profits have been charged with SEK 18 M (2) for restructuring of production in Europe. • Earnings per share amounted to SEK 3.15 (3.29). • Continued expansion through acquisitions of companies. “Fiscal 2005 was another successful year for Nefab,” says Lars-Åke Rydh, President and CEO of Nefab. “Invoiced sales increased organically and by acquisitions. Profits were charged with SEK 18 M for restructuring of production in Europe and the effects of this investment will first appear in 2006.” Nefab is growing both organically and through acquisitions. Five operations were acquired in Europe during the past 12 months. Total invoiced sales on a full-year basis from these acquisitions amounted to approximately SEK 150 M. “The newly acquired units add both customer relations and product expertise,” continues Rydh. “This year I expect that we will carry out a number of acquisitions of the same nature as those in 2005.” The Board of Directors proposes a dividend of SEK 1.00 per share (preceding year SEK 1.80, of which SEK 0.90 was an extraordinary dividend) to the Annual General Meeting. The total dividend payment will therefore amount to SEK 27.6 M. The Annual General Meeting will be held in Alfta on Thursday, May 18, at 4:30 p.m. For further information, please contact President and CEO Lars-Åke Rydh (tel: +46-70-592 45 70; e-mail: lars-ake.rydh@nefab.se), or Chief Financial Officer Anna Stålenbring (tel: +46-70-814 23 44; e-mail: anna.stalenbring@nefab.se). Jönköping, February 15, 2006 Lars-Åke Rydh President and CEO

Subscribe

Documents & Links