Lindab’s Interim Report Jan – Sep 2023: Operating margin exceeded 10 percent in a challenging market
Lindab reported its highest third quarter in terms of sales. Ventilation Systems increased sales due to completed acquisitions. For Profile Systems, the demand has stabilised. The operating margin has gradually improved during the year and exceeded 10 percent for the Group and for both business areas. Cash flow remained strong as a result of targeted efforts to reduce working capital.Third quarter 2023 · Net sales increased to SEK 3,251 m (3,239), a change of 0 percent. Organic sales growth was negative by 11 percent while structural changes contributed positively by 4 percent. ·