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Year End Report 2016

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Fourth quarter

  • Net sales increased by 2% to SEK 110.6 (108.9) million. Adjusted to fixed exchange rates, net sales increased by 3%.´

  •  Operating profit, increased by 13% to SEK 38.4 (34.0) million.

  •  Profit before tax, excluding non-recurring items, increased by 17% to SEK 28.9 (24.6) million.


Full year 

  • Net sales decreased by 2% to SEK 423.6 (431.5) million. Adjusted to fixed exchange rates, net sales were flat compared to the previous year.

  •  Operating profit, excluding non-recurring items, decreased by 8% to SEK 139.8 (151.2) million. 

  •  Profit before tax, excluding non-recurring items, decreased by 10% to SEK 102.4 (113.5) million. 

  •  The results reflect longer term investments being made in sales and marketing to support the launch of the new Ferobide product and grow sales of existing products.

  •  During 2016, Diamorph AB (publ) acquired a further 10% of Diamorph Bearings AB from two of the minority shareholders for consideration of SEK 22.8 million.


Events occuring after year end

  • In January 2017, Diamorph AB (publ) gave notice to bondholders to use part of the group’s surplus cash resources to make a voluntary partial repayment of SEK 50 million of outstanding bonds.

  •  In February 2017, Diamorph AB (publ) acquired the final 10% of Diamorph Bearings AB and so today controls 100% of each of its subsidiaries.

The full report is attached to this press release and is also available for download at www.diamorph.com.


For additional information, please contact:
Gordon MacLeman, CEO
Telephone: +44 161 955 2410

Mark Hutchison, CFO
Telephone: +44 161 955 2409

The information was submitted for publication on February 28th, 2017, at 08:00.


Diamorph supplies advanced material solutions for especially demanding industrial applications. The Company is headquartered in Stockholm and has subsidiaries in the United Kingdom and the Czech Republic. Learn more at www.diamorph.com.

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