Ahlsell AB publishes annual report for 2018
Ahlsell, the leading Nordic distributor of installation products, tools and supplies, has today published its annual report 2018 at the company homepage.
Johan Nilsson, President and CEO says:
“Good market conditions with growth in all market segments, combined with successful initiatives, enabled us to achieve total net sales growth of 14% in 2018. Organic growth accounted for 7% of this.
Our adjusted EBITA amounted to MSEK 2,587, corresponding to a margin of 8.3%. We see good opportunities to improve our profitability and we therefore intensified our focus on cost-saving and efficiency-improving measures in our main markets in the second half of 2018.
As our major owner CVC, through the company Quimper AB, acquired more than 90% of outstanding shares after their public takeover bid, Ahlsell was delisted on March 6, 2019. For us at Ahlsell, a new form of ownership does not means any change to our focus on creating value for our customers. We have been around for more than 140 years and have constantly refined our business model to create value. Also in the future, Ahlsell will make it easier to be professional!”
The annual report is available at www.ahlsell.com/investors/reports-and-presentations/
For further information, please contact:
Karin Larsson, Head of IR and external communications
+46 8 685 59 24, karin.larsson@ahlsell.se
Ahlsell is the Nordic region’s leading distributor of installation products, tools and supplies for installers, construction companies, facility managers, industrial and power companies and the public sector. The unique customer offer covers more than one million individual products and solutions. The Group has a turnover of just over BSEK 31 and about 97% of revenue is generated in the three main markets of Sweden, Norway and Finland. With about 5,700 employees, more than 240 branches and three central warehouses, we constantly fulfil our customer promise: Ahlsell makes it easier to be professional!
Press release, Stockholm, March 15, 2019
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