News : Aluminium profiles

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Year-end report January 1 – December 31 2012, ProfilGruppen AB (publ.)

Further weakening of demand in the fourth quarter

Fourth quarter

· Turnover MSEK 161.7 (195.5), down 17 percent compared to previous year
· Operating profit MSEK 6.4 (1.4) after one-off items amounting to net MSEK 17.9 (3.4)
· Net income MSEK 9.8 (-0.6)
· Cash flow from current operations after one-off items MSEK 31.2 (-6.5)
· Earnings per share SEK 1.99 (-0.14)

Full year

· Turnover MSEK 786.0 (836.7),...

ProfilGruppen streamlines the processing operations

ProfilGruppen streamlineas the processing operations by divesting the surface treatment facility in Klavreström.

”This is the first step in our aim to centralize all our production to the main site in Åseda” says Anders Frisinger, president and CEO of ProfilGruppen.

In total this will affect some twenty employees, who will keep their employments either with the buyer, Klarvik AB, or with ProfilGruppen.

The...

Interim report January 1 – September 30 2012, ProfilGruppen AB (publ)

Measures taken in a weak market

Third quarter

· Turnover MSEK 169.9 (179.3), down 5 percent compared to previous year
· Operating profit MSEK 1.6 (7.5) after one-off items amounting to net MSEK 5.7. Last year’s result was affected by one-off charges of net MSEK -1.5 and insurance compensation of MSEK 12.4.
· Net income MSEK -0.2 (4.3)
· Cash flow from current operations after one-off items MSEK -4.6 (27.4)
·...

ProfilGruppen initiate negotiations regarding reduction of working hours

ProfilGruppen has today initiated negotiations with the unions regarding reduction of working hours.

The intention is that the reduction of working hours will affect all employees in Sweden. It is intended to be implemented on the 1st of October 2012 and to be effective until the end of February 2013. The action is caused by a lower demand from the European market for aluminium profiles and will be terminated...

Interim report January 1 – June 30 2012, ProfilGruppen AB (publ)

Continued profit improvement in the second quarter

Second quarter

· Turnover MSEK 227.9 (236.8), down 4 percent compared to previous year

· Operating profit MSEK 12.1 (5.5.) after positive one-off items amounting to MSEK 3.6. Last years result was effected by one-off charges of MSEK 1.3

· Net income MSEK 7.6 (2.6)

· Cash flow from current operations MSEK 27.0 (-3.5)

· Earnings per share SEK 1.53...

Interim report from ProfilGruppen AB (publ), January – March 2012

Profit improvement due to better sales and adapted cost level

* Turnover MSEK 226.5 (225.1), up 1 percent compared to previous year.

* Operating profit/loss MSEK 10.0 (3.3), previous year was affected by one-off items of MSEK 2.1.

* Net income MSEK 5.8 (1.2).

* Cash flow from current operations MSEK -2.4 (4.2).

* Earnings per share SEK 1.18 (0.24)

Peter Schön, Acting CEO of ProfilGruppen, says:

"We can now...

Annual Report ProfilGruppen 2011

The Annual Report of ProfilGruppen for 2011 is within the month of March available at www.profilgruppen.com.

The Annual Report in Swedish is available from today at www.profilgruppen.se.

The printed version in Swedish will be distributed to the shareholders during the coming week....
 

ProfilGruppen has appointed Anders Frisinger as President and CEO

ProfilGruppen AB has appointed Anders Frisinger as new President and CEO as of June 1, 2012.

Since 2010, Anders Frisinger is the CEO of Raufoss Technology AS, a company in the Neuman Aluminium Group. Anders has long-standing experience as managing director of suppliers to the transportation industry, such as Hydro Automotive Structures, Raufoss AS and Raufoss Metall AS, but has also been CEO of the solar energy...

Interim report: ProfilGruppen is back after the fire

Third Quarter

* Turnover MSEK 179.3 (203.5), down 12 percent compared to previous year

* Operating profit MSEK 7.5 (7.2) after one-off charges of net MSEK 1.5 (0.0)

* Operating profit for the period comprises insurance compensation of MSEK 12.4 for loss of production in conjunction to a fire

* Net income MSEK 4.3 (4.1)

* Cash flow from current operations MSEK 27.4 (9.7)

* Earnings per share SEK 0.87...

All production lines back in operation at ProfilGruppen

The production facility at ProfilGruppen that in June suffered from a major fire has now resumed its production after three months of production stop. Focus has from day one been on minimizing the negative impact for ProfilGruppens customers. This has gone beyond expectations since production could be re-routed to other presses. The restored pressline has also been partly modernized.

The production was up and...