Lindab’s Interim Report January – March 2024: Stable development for Ventilation Systems
Lindab’s sales decreased slightly during the first quarter. Business Area Ventilation Systems, which accounted for 80 percent of sales during the quarter, reported growth and an operating margin of 9.6 percent. Business Area Profile Systems has had a noticeable impact from reduced market activity and the operating margin amounted to -0.5 percent. Overall, this led to the Group’s operating margin amounting to 7.1 percent. Lindab acquired three ventilation companies in the quarter and is continuing to build a leading European ventilation group.First quarter 2024
· Net sales amounted