Interim Report 2013/14 Q1

1 April – 30 June 2013

• Net revenue increased by 8 percent to MSEK 611 (566).
• Sales in the Group’s operating areas were stable during the quarter. Organic growth in continuing operations, measured in local currency, was –1 percent.
• Operating profit increased by 10 percent to MSEK 54 (49), equivalent to an operating margin of 8.8 percent (8.7).
• Profit after finance items increased by 11 percent to MSEK 52 (47). The earnings improvement was primarily derived from acquisitions and a positive development in certain units of divisions Mechatronics and Communications.
• All assets of Frontwall i Anderstorp AB, with annual revenue of approximately MSEK 30, were acquired during the quarter.
• Profit after taxes increased by 15 percent to MSEK 39 (34).
• Earnings per share after dilution for the first quarter amounted to SEK 1.72 (1.52) and for the twelve-month period ending 30 June 2013 to SEK 7.27 (compared to SEK 7.07 for the 2012/13 financial year).
• Cash flow from operating activities for the twelve-month period ending 30 June 2013 amounted to MSEK 218 (171), equivalent to SEK 9.66 (7.66) per share.
• The return on equity for the twelve-month period ending 30 June 2013 amounted to 23 percent (20). The equity ratio stood at 46 percent at the end of the period compared to 44 percent at the beginning of the quarter.
• The 2013 Annual General Meeting will be held 27 August 2013, at 4:00 p.m at IVAs Konferenscenter in Stockholm.

For additional information, please contact:
Jörgen Wigh, President & CEO, Lagercrantz Group AB, telephone +46 8 700 66 70
Bengt Lejdström, Chief Financial Officer, Lagercrantz Group, tel +46 8 700 66 70, or the company website at: http://www.lagercrantz.com.

This information is disclosed in accordance with the Securities Markets Act, the Financial Instruments Trading Act or according to the agreement with NASDAQ OMX Stockholm Exchange. The information was submitted for publication on 19 July 2013 at 08:00.

LAGERCRANTZ GROUP IN BRIEF
  Lagercrantz is a technology group in the areas of electronics, electricity, communication and related fields. The Group’s companies deliver all its specialised products and solutions to other companies (B2B) and several of the companies are world-leaders in their respective niches. Lagercrantz is active in seven countries in Europe and in China. The Group has about 950 employees and revenue of approximately MSEK 2,500. The Company’s shares are listed on NASDAQ OMX Stockholm since 2001.
   The business is organised in four divisions. Division Electronics offers special products in embedded electronics, industrial wireless communication, RFID and lighting control. Division Mechatronics offers electric connections systems, electric installation materials, electric and electro-mechanical components and cabling. Division Communications offers products, systems, services and support in network access, digital image transmission/technical security, and software. Division Niche Products is the Group’s new division from April 2012. Here a number of interesting market positions will be built up primarily by acquiring profitable companies in interesting niches and with a large element of proprietary products.  

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